QR codes have become ubiquitous and so has the term digital strategy. Both are often treated by businesses as “silver bullets” without much understanding how to leverage either. QR codes, in particular, have been reduced to gadget status with little meaning but to annoy the consumer. Tesco’s efforts in South Korea, on the other hand, are a prime example of a well thought-out growth strategy based on digital tools, including QR codes.
Tesco’s recent effort – or Home Plus, as they refer to themselves in South Korea – is worthy of mention on a number of levels:
How will Tesco blend this effort with its more traditional brick and mortar stores? Hard to tell at this juncture, but if recent moves of big box U.S. retailers, such as Wal-Mart, are any indication, they may well become smaller and offer a more specialized assortment. In any case, they are following the digital challenge as expressed by MIT Media Lab’s Joichi Ito: “In fact, it is now usually cheaper to just try something than to sit around and try to figure out whether to try something. The product map is now often more complex and more expensive to create than trying to figure it out as you go.”
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