Saturday, December 31, 2016

Building blocks for a successful m-commerce strategy for restaurant operators

Mobile commerce which was once a desirable candidate in the restaurant ecosystem has become table stakes today. Today a restaurant operator cannot ignore the value of mobile commerce; restaurants today must adapt to mobile commerce or die.

There is an incredible evolution that has taken place over the past five years. From a time when you used to have clear expectations of what to get at fast food restaurants you now can get everything as far as food, price and delivery ... and mobile is contributing to all of that.
   
There are 4 essential building blocks for brands striving to embrace mobile. A model which I have coined as RESS model can offer brands a framework embarking on an m-commerce journey.
RESS stands for

R-Resilient
E-Exclusive
S-Simple
S-Scalable

Here is a quick dive into these four essential aspects of m-commerce

1. Resilient:
Restaurant operators should expect to make mistakes in deploying m-commerce strategy. There should be an appetite for experimentation while fully expecting some hard knocks along the way. The architecture for mobile commerce should tie in features that can produce ongoing data that is useful to your brand, stellar POS features and seamless back-office functionality. Operators need to be resilient while deploying this strategy. It takes time and money to refine the mobile apps, middle-ware, databases and many other interfacing applications. The mantra is not to get intimidated with initial failures and to stay invested in the story of mobile power.

2. Exclusive:
   
Mobile apps should make users feel special. It is essential that brands reward their mobile app users for taking the time and space on their ever-more-crowded mobile screens to include their app. Users will only stick to your brand when you make them fell special and exclusive.

3. Simple:


Restaurant operators should focus on building an app that is easy for all ages. An app should address what a customer needs and not what a business needs. Respect your customers' different needs, and don't pay so much attention to making customers do what you want them to do. ... Find a way to make your app make your customers happy. Think about the customer first and what makes them whole, happy and excited. Use technology to help with that. The bottom-line is that one of the quickest ways to delighting her customers is by helping them save time. The reason the customer is using your app is to reduce time spent waiting in line and streamlines order retrieval.

4. Scalable:


Always plan for a system that can handle big online orders .If the systems are not scalable to support the peak demand there can be potential losses to the restaurant operators. It is always worthwhile to invest in fail-safe options for big orders. Also, initially an app can start with features like offers/promotions, discount coupons but can gradually scale up to offers ordering food online and paying for their food through multiple gateways, bitcoins and third party platforms.

Mobile-commerce strategy if applied successfully can be a huge differentiation for a restaurant brand.

Friday, May 13, 2016

Future of Dress

Marchesa and IBM Watson design the cognitive dress



Tuesday, January 5, 2016

McDonald's drive for being modern and progressive will continue in 2016


A quick peek into what to expect from McDonald's in 2016





McDonald’s digital menus will make weather-based suggestions. The menus will show moving images of products and promote specific menu items based on the weather and time of day. All U.S. locations are expected to have the new menu boards by the end of 2016.
http://www.businessinsider.com/mcdonalds-menus-will-recommend-food-based-on-the-weather-2015-11




McDonald’s reported it will not spin off its real estate through an REIT. The chain had previously considered a real estate investment trust or sale-leaseback agreement to increase its value.


http://www.forbes.com/sites/laurengensler/2015/11/10/mcdonalds-reit-turnaround-update/




McDonald’s rolled out drive-thru changes. The chain’s “ask, ask, tell” initiative is intended to ensure drive-thru order accuracy and to offer more personal interaction. The company asked restaurants to turn off prerecorded drive-thru greetings and have employees greet customers. Employees will also leave the paper bag open, so customers can inspect contents.


http://www.bloomberg.com/news/articles/2015-11-23/mcdonald-s-knows-you-re-sick-of-screw-ups-at-drive-thru-windows




McDonald’s is trialing table service at 600 restaurants in Southern California. Under the new model, customers will order at the counter, but employees will deliver the orders to customers’ tables. The change is one of several aimed at competing with upscale burger chains such as Five Guys Burgers and Fries and Shake Shack.


http://www.eater.com/2015/12/2/9834710/mcdonalds-table-service-test-southern-California