This YouTube video is a fine training course for buyers. I’m indebted to Jan Choudhury from The Stopgap Group for sharing this with me. I understand that she will be invoicing me next week…so the negotiation can begin (joking, I think).
New competitors for established businesses can come from surprising places. If all a bank does is monitor competition from other banks they could be in for a surprise or two.
Here are a couple of lines from CNN:
“It’s become increasingly clear in recent weeks that Facebook is finally inching toward the launch of a micropayment platform.
“The social site has been expanding the presence of its virtual currency, which Facebook debuted last November when it changed the monetary units for its “Gifts” product into “credits” rather than U.S. dollars.”
How near is Facebook Bank plc? If you read the whole artice, and an interesting article it is too, you will not see the mention of Facebook becoming a bank. But with the possible developments discussed they get a stage closer. And with in excess of 200,000,000 members what a constituency to work with.
The additional reason why Facebook could suprise markets and excite the public is trust. Trust is the basis for most relationships. The Edelman Trust Barometer talks about this in great detail.
We all like to deal with businesses we trust. Trust in conventional banks is at a low. Here Joe Garner, HSBC, talks eloquently about trust in banks.
Facebook could become a bank. eBay, with PayPal has already created a new bank model. Who else would the world’s public trust with their money?
Surely the vague adoption of clothes/dress sizes within UK fashion retailers is tantamount to deceit?
An online survey of 1,000 women, indicated that 15% bought a bigger dress size than they expected when shopping at Primark.
Top Shop and New Look were also named as stores with smaller sizing.
Marks & Spencer, Asda’s George brand and Next had the most generous sizes.
Why can’t a 12 be a 12?
How many returns are there a year simply because retailers choose a different definition of size?
Can you imagine the chaos that would ensue if a mans 17″ shirt changed a size or two from shop to shop?