Back to Search Start Over

Who is making the decisions? How retail managers can use the power of ChatGPT.

Authors :
Kumar, Anuj
Gupta, Nimit
Bapat, Gautam
Source :
Journal of Business Strategy; 2024, Vol. 45 Issue 3, p161-169, 9p
Publication Year :
2024

Abstract

Purpose: This paper aims to explore ChatGPT's (generative pre-trained transformers) potential as a tool for retailers to improve customer experience and boost sales. While it provides benefits like personalized recommendations and 24/7 assistance, there are limitations, like difficulty in understanding unconventional language. The paper stresses careful integration to overcome these limitations and create a better customer experience. Additionally, it discusses the potential for further development and integration of ChatGPT in retail, such as generating product descriptions and virtual try-on experiences. Finally, the paper encourages retailers to embrace ChatGPT to meet their customer needs. Design/methodology/approach: Case-based methodology involves using specific cases or examples to explore a broader issue or phenomenon. Researchers have analysed real-world cases to identify patterns, themes and insights that can be applied to other contexts or situations. This was useful for understanding complex and multifaceted issues as it allowed us to delve deeper into specific examples and explore the nuances of the situation. Findings: While ChatGPT is a powerful tool for retailers, limitations such as difficulty in understanding non-standard accents and unconventional language can arise, causing customer frustration. Retail managers must integrate ChatGPT in a way that enhances customer experience. In the future, ChatGPT has the potential to generate product descriptions, provide virtual try-on experiences and integrate with augmented or virtual reality technology to offer more immersive experiences. Careful consideration and integration can help retailers overcome these limitations and offer personalized recommendations, round-the-clock assistance and an engaging customer experience that improves sales. Originality/value: The case topic is very much in a novel stage of research and writing. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
02756668
Volume :
45
Issue :
3
Database :
Complementary Index
Journal :
Journal of Business Strategy
Publication Type :
Academic Journal
Accession number :
176215611
Full Text :
https://doi.org/10.1108/JBS-04-2023-0067