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Circuit City Files for Bankruptcy
[Via Bloomberg, image courtesy of AFSmith; thanks Daniel]
[Via Bloomberg, image courtesy of AFSmith; thanks Daniel]
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Comments
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Subscribe to commentsadam hartungNov 10th 2008 2:32PM
Remember when Circuit City was a favorite in "Good to Great" by Jim Collins. Remember when we thought being big gave you clout with customers and vendors to produce long-term returns (Michael Porter's 5 Forces Model). It's time we recognize that the old approach to management doesn't work in a rapidly shifting competitive world. There are winners in today's market, but they follow a different approach. Read more at http://www.ThePhoenixPrinciple.com