6: Technological Solutions in Physical Retailing
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Published:2022
Eleonora Pantano, Kim Willems, 2022. "Technological Solutions in Physical Retailing", Retail in a New World: Recovering from The Pandemic That Changed the World, Eleonora Pantano, Kim Willems
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Abstract
This chapter provides an overview of technology management to support retailing, before and during the COVID-19 pandemic. Specifically, it focuses on the technologies developed and in use before the pandemic, the ones further developed as response to the pandemic, while the final part of the chapter proposes a new technology implementation process (cycle) to support retailers in introducing new technology. In particular, the process in based on seven main activities: (1) Technology need recognition; (2) Technology screening; (3) Initial development and testing; (4) Business analysis; (5) Technology development; (6) Market acceptance testing; and (7) Technology adoption, while monitoring and learning actions should occur constantly throughout the process to evaluate the benefit of the technology at each stage (or to discard for further investment).
