IA 01
I chose to read an article called, “Why Amazon’s Grocery
Store May Not Be the Future of Retail”. I found this article on Harvard Business
Review. It talks about how Amazon opened a cashier-less concept grocery store
in Seattle and Amazon Go. They are unclear about how this project will end up
working or if it will be successful at all. It also talks about radio-frequency
identification and how using it for clothing and shoes is better than using it
for grocery stores, it’s simply not worth it to spend that much on it. They talk
about electronic shelf labels which have become more popular over the years
because of how they make the prices and other information easier to read and
display more information, these shelf labels are easy to change in real time as
well. Mobile payments are also discussed as a concept that is getting more
popular with the retail industry.
“The stock market was
excited about Amazon Go because it signaled a promising new technology by a
digital retail powerhouse that is aggressively moving into physical stores. If
Amazon is right, investors are betting, the model could transform traditional
retail. But it won’t happen unless the benefits to retailer and customer
decisively outweigh the cost of the technology”.
With the expansion of technology these days, companies are
trying to come up with new ideas to add to their stores to make things easier
for their customers. Although adding more and more technology to the business
world may sound like an amazing idea, there are many things that could go wrong
when doing this, not to mention, the amount of money that doing things like
this would cost. The biggest problem is that if the company would choose to
invest in these new technologies that are talked about in this article that if
they ended up not benefiting them, then they would’ve wasted money that they could’ve
spent on something that would’ve benefitted their company. In the textbook, technology
is talked about for example, in chapter 11 section 2 (my book is version 3.0,
it has still not been switched sadly). They talk about how college students use
so much technology related items, like apps for example. In the article they
talked about apple pay and how some companies has made their own apps where you
can purchase items before going to the store to make it easier. We have not yet
talked about this chapter in class.
As for my plans for future individual assignments, I have to
admit I procrastinated on this first one because of the work load I have had
lately but, for the next assignments I’m going to get them done as soon as I possibly
can. For the second individual assignment I am planning on finding a current
upper-classmen student o interview through Linkedin. I determined that I will
find and interview the person sometime within the next week so all I will have
to do is arrange the interview to be posted on my blog. For the third
assignment I will be doing it on an Interior Design company, seen as my major
is Interior Architecture, I would like to focus on that. As for the forth assignment,
I will have to go to a networking event before I can complete this, which I will
do the next chance that I get. For the last assignment, I will talk about my
favorite guest lecture and elaborate on why and ho their lecture effected me.
Overall, for the rest of these assignments, I plan on getting them done way in
advance so I don’t have to be stressed about them later, while still completing
them well.
