Slowness to Change

Best Buy

Recent stories have related to the departure of the CEO….with a 30-year career at Best Buy.

http://www.businessweek.com/articles/2012-04-12/the-future-retail-wasteland

The CEO left because of personal conduct….yet the story relates to Best Buy being slow to change. The business has become stagnant….the latest quarterly loss….$1.7B.

There are other alternatives to Best Buy….Amazon….E-Bay….Apple stores. All make it easier to buy. Although annual sales are $50B….often large businesses get stuck in what they do and can’t react to changing markets.

If leaderships gets distracted….the train quickly gets off track.

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