Slowness to Change

Best Buy

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

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.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s