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Balancing Risk with StrategicPlanning Encouraging employees to take calculated risks is essential in the pursuit of innovation. However, it’s important that such risks are balanced with strategicplanning to prevent potential setbacks.
Big data analytics witnessed exponential growth, and AI has become integral to operational efficiency and strategicplanning. Retailers are utilizing automation and AI - from warehouse robots to customized recommendations - to boost efficiency. The mantra is speed, collaboration, and learning - not rigid planning.
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