This is a high-risk strategy, and I think it would be very cool. Unfortunately, Best Buy culture basically eschews risk. Being successful in that company mostly involves not doing anything that will get you noticed in a negative way, and eventually you'll get promoted. The entire company has become all about squeezing out profits on commodities at ever-shrinking margins - and we've seen how well that is going. Everyone there felt pretty smug when they were wiping the floor with Circuit City, but now they are being pwned by Amazon. I just see too much inertia to turn that ship around. If Schulze can take the company private again, then maybe they can recover, but mostly I think they are doomed.
Comments
This is a high-risk strategy, and I think it would be very cool. Unfortunately, Best Buy culture basically eschews risk. Being successful in that company mostly involves not doing anything that will get you noticed in a negative way, and eventually you'll get promoted. The entire company has become all about squeezing out profits on commodities at ever-shrinking margins - and we've seen how well that is going. Everyone there felt pretty smug when they were wiping the floor with Circuit City, but now they are being pwned by Amazon. I just see too much inertia to turn that ship around. If Schulze can take the company private again, then maybe they can recover, but mostly I think they are doomed.