Like national tastes, the online gorcery market differs vastly from country to country. Whereas, in the UK, Switzerland and the US online grocers could establish themselves as viable alternatives in Germany every move into online groceries so far has been unsuccessful. While all major UK chains including Tesco, Sainsbury, Waitrose, and Asda have established online delivery operations after Ocado pioneered the business a few years ahead and has ambitious plans in the future, looking at the online presence of German heavyweights ALDI or LIDL is like Internet@2004. Only now Kaisers, an upscale grocer, has opened an online service in Berlin and Munich. Continue reading
Happy new year everyone. I really hope all of you will have a productive and successful year 2012. Like everybody else I have made a few plans for 51 weeks lying ahead of us. On top of my list was to continue to learn what I have started last year: I will continue to learn coding! Continue reading
At graduation ceremonies I have always asked myself why the speakers try to make non-conclusive points about the college time and the usefulness of college. I guess it is because people tend to romanticize their memories of college. Below are some of the statements usually made (in bold) and what I think should be said instead.
This month I declined my final consulting job offer to pursue my dream of starting my own company. At that stage I only had my vision. As we all know, a vision rests on all sorts of assumptions that need to be validated. Obviously, the best sources to get validation are your customers. However, before launch prospective customers have to do the job. Fortunately, before spending hours asking people on the street the internet provides a very rich source of real customer feedback – found on review sites such as yelp / qype and foursquare. Continue reading
This series on return policies originated in my bachelors studies. The first part describes why return policies are used and why it is important to think about them. The second part will describe the costs and benefits of return policies in more detail. The third part will briefly show the model used and present a conclusion. I hope that the series will be interesting to all people working in ecommerce and shopping online in general.
The default way cutting edge knowledge is currently distributed not only creates perverse incentives in knowledge generation but also effectively limits this knowledge to only the lucky few who have access to the research published. Continue reading