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For example the retail giant walmart built the walmart marketplace. To connect with third-party sellers and is now expanding into other services.

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While some companies like amazon started with a platform business. Model established companies are also building ecosystems.

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These platforms or models have more flexible supply chains, more diversified products. Are easier to scale, and operate more profitably than other business models.

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I think the traditional retail industry will gradually shrink. Even disappear and the retailers that can survive in the next 10 years.

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From free yoga classes to schools that offer cooking classes. Businesses are using in-person experiences to connect with their customers.

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In order to expand this business model Michaels built a marketplace. Where classes are taught by local teachers, where teachers set their own prices.

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In the context of the experience economy, there are many. Different types of experiences that brands can adopt, here are some of the main ones.

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The experience economy is therefore related to how business. Models are changing to favor in-person experiences and exciting digital experiences.

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The experience economy is simply about selling. Memorable or meaningful experiences to customers.

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Regarding the concept of the experience economy, although the essence is the same. There are some different views on how it is applied and implemented.

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The results showed that students who were prepared to handle failure. Were more proactive and daring than students who expected perfection.

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So are there any techniques that allow organizations and individuals. To grasp the necessary connection between small failures and big successes.

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If you're not prepared to risk or fail, you're not really ready to get out of your comfort zone and learn new things. And unless every leader or business continues to learn as quickly.

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As successful entrepreneurs who have come up from failure. Their message is too clear, however, in reality, the process of applying it in businesses.

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The market capacity of the global retail industry is worth more than 26 trillion usd. In 2021 and is expected to reach more than 30 trillion usd in 2025.

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Over many periods of formation and development along with the influence. Domination of technological factors, the retail industry has undergone remarkable changes.

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Retailing refers to a business model in which retail businesses sell goods and services directly to consumers. With a market value of more than 26 trillion USD in 2021.

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