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But was Sears truly a mistake? Companies have lifespans like humans and cannot continue forever. I would argue that Sears had gotten big and mature enough tha
by Lordarminius 10y ago
But was Sears truly a mistake?
Companies have lifespans like humans and cannot continue forever. I would argue that Sears had gotten big and mature enough that its failure was a matter of time. At that level of growth and capitalization it would probably be impossible for any CEO to convince a board and shareholders to change a proven strategy for a new fad, especially when there is no financial pressure to do so.
- AstralStorm 10y agoThey could have at least tried.