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Published by:
RSM Case Development Centre (2019)
Length:
18 pages
Data source:
Field research

Abstract

Founded in 1999 by three Erasmus University students, the Dutch e-Commerce firm Coolblue has gone on to experience exponential growth, mainly due to its obsessive focus on data and its two KPIs, the Net Promoter Score and EBITDA. In 2017, Coolblue's main aims - make customers happy and make money - were achieved and by 2018, its turnover reached EUR1.35 billion. When the company started, the modus operandi at Coolblue was quite simple: get products from their providers and make sure they arrive to customers on time at the right location. However, with exponential growth and Coolblue's core values revolving around an always improving customer journey satisfaction, most decision-making became based on short-term planning. While the company's reliance on big data allowed customers to increase their trust in the company, the operation became more fractured and complex. Coolblue's lack of HR strategy also created a number of challenges, such as frequent team restructuring. Most of the decisions the company made were also centralized. Furthermore, with prices in electronics declining drastically year after year, Coolblue needed to find a strategy to expand not only beyond the Benelux borders but maybe even beyond its core business model.

Teaching and learning

This item is suitable for undergraduate, postgraduate and executive education courses.

Topics

Online electronic store; Customer satisfaction; Big data; e-Commerce; Coolblue fietst; Coolblue delivers; Business intelligence; Company culture; Net Promoter Score; EBITDA; Customer journey; Product assortment; Matrix organization; Internal structure; Cross-selling growth

Setting

The events covered by this item took place in 2019.

Geographical setting

Region:
Europe
Country:
the Netherlands
Location:
Rotterdam

Featured company

Company name:
Coolblue
Employees:
1001-5000
Type:
Self-owned
Industry:
Online electronics store

Featured protagonist

  • Pieter Zwart (male), Co-founder and Director

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