Explain the business model of a traditional retailer

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Question 1: Explain the Business Model of a traditional, high street clothing retailer.

Question 2: Analyse how Shein applies the Knowledge Management Cycle to adapt the traditional business model to an online environment.

Question 3: Evaluate the benefits Shein gets from these changes compared to the traditional model.

Question 4: Consider what traditional high street retailers know about customers, employees, organizational structures and culture etc. from operating their physical stores that Shein don´t

Question 5: Taking this into consideration, recommend the steps they would need to take to acquire the necessary knowledge to set up a physical store network in different countries and the first steps they should take to implement it by setting up a flagship store in a European capital.

Reference no: EM133297313

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