Kmarts Ten Deadly Sins - AchieveMax® Top Ten Book Review
Kmart's Ten Deadly Sins: How Incompetence Tainted an American Icon was begging to be written. It probably would have surfaced much earlier if not for the fear of many authors that publishing too soon would result in the omission of who knows how many future bewildering tactics by the forever transforming retail giant, K-mart. Actually, contrary to my early assumption, this book is less an indictment of K-mart than it is a combination of warnings and lessons to everyone else. There are so many negative examples in the news today of how NOT to succeed in business. However, many organizations fail to acknowledge or learn from these examples.
This book was written for those of you who find yourselves wondering how a company with such bright prospects could end up filing for bankruptcy. How could a brand as widely recognized and firmly fixed in our cultural lexicon as K-mart be teetering on the brink of extinction? Depending on whom you talk to, K-mart's fall from grace can be attributed to any number of factors. In the first in-depth examination of K-mart, author Marcia Layton Turner reveals the real reason behind K-mart's troubles-bad management-and discusses how the large personalities and even larger dreams of K-mart's misguided leaders played a significant role in transforming this once profitable retail titan into a bankrupt behemoth.
This is not a collection of the author's personal opinions as to why the once mighty K-mart is now frantically treading the tumultuous retail waters. Marcia Layton Turner interviewed many financial analysts, former employees, and industry observers to get the inside scoop on what happened at K-mart. She coupled her research findings with in-depth studies of SEC filings, news reports, and background data to paint a very clear picture of exactly how K-mart management's thinking emerged as well as what went on behind the scenes and why.
Weaving corporate history with financial analysis and expert commentary, this engaging book identifies and examines the ten management mistakes, which ultimately brought K-mart to its knees. It spins an intriguing tale of the missteps of a retail giant that once had the industry in the palm of its hand and foolishly let it all slip away. Readers will achieve a better sense of where K-mart has been and what its potential is for a turnaround. This first in-depth examination of K-mart clearly identifies and discusses the ten miscalculations K-mart's CEOs have repeatedly made, including resisting investments in technology, brand mismanagement, and haphazard expansion, to name a few.
This book is a well-written comparative analysis of why K-mart failed and Wal-Mart continues to thrive. The management lessons found in the book can be widely applied and should be shared with and discussed among any leadership team members interested in continued growth and success.
More than 100 business book reviews written by Harry K. Jones are available at www.AchieveMax.com/books/index.htm">http://www.AchieveMax.com/books/.
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www.AchieveMax.com/motivational-speaker-harry.htm">Harry K. Jones is a professional speaker and consultant for AchieveMax®, Inc., a firm specializing in custom-designed keynote presentations, seminars, and consulting services. Harry has made presentations ranging from leadership to employee retention and time management to stress management for a number of industries, including education, financial, government, healthcare, hospitality, and manufacturing. He can be reached at 800-886-2MAX or by visiting www.AchieveMax.com">http://www.AchieveMax.com.
David Lagercrantz, who continued Stieg Larsson's Milllennium series after the latter's death in 2004, has stated that he will write just one more book in the series, to be released in 2019. This would bring the series to six books - three by Larsson and three by Lagercrantz.
In an op ed for the New York Times, Matt A.V. Chaban, policy director for the Center for an Urban Future, discusses how libraries in New York City, and potentially, in cities across the country, could find much needed funds to modernize and stay relevant for the long term through partnerships with housing and office developments:
"In 2014, the city selected the Fifth Avenue Committee to undertake the novel task of redeveloping the Sunset Park branch. There, an eight-story building will rise, with the first two floors dedicated to a library 75 percent larger than the one there now. The floors above will have 49 apartments, all of which will be rented to low- and middle-income families in perpetuity.
Imagine if the city did the same at the branch in Corona, Queens, where cramped quarters force study groups to huddle on the floor; or Red Hook, Brooklyn, where families from the nearby housing projects are eager for more job training; or Brighton Beach, Brooklyn, where rising sea levels and storms like Sandy threaten its very operations."
Two TV series based on books scooped the top honors at last night's Emmy Awards:
The Handmaid's Tale won five awards including best drama series, best actress for Elisabeth Moss and best supporting actress for Ann Dowd.
Big Little Lies took five prizes in the limited series categories, including wins for Nicole Kidman and Laura Dern.
James Hohmann, national political correspondent for The Washington Post and author of The Daily 202, leads Monday's issue with a look at the many books Hillary Clinton turned to after her election loss:
"What Happened was quickly strip-mined for political nuggets after its publication last Tuesday. As I went through it over the weekend, though, what struck me most was how the wounded Democrat coped after her crushing defeat last November.
In short, Clinton has read voraciously and eclectically for escape, for solace and for answers.
The collection of works that she cites across 494 pages showcases a top-flight intellect and would make for a compelling graduate school seminar..."
The widow and the biographer of the beloved British children's writer Roald Dahl told the BBC in an interview this week that Charlie Bucket, the young boy whose life is changed by a golden ticket in Charlie and the Chocolate Factory, was originally supposed to be black.
Mrs. Dahl made the remark during a conversation with Donald Sturrock, her husband's biographer, on BBC Radio 4's "Today" program. "It was his agent who thought it was a bad idea when the book was first published to have a black hero," Mr. Sturrock said. "She said people would ask why."
After a nine month dispute, Manhattan's Federal District Court has ruled that Matthew Lombardo's theatrical parody, Who's Holiday! a dark and decidedly adult sequel of sorts to Dr Seuss's How the Grinch Stole Christmas does not violate the copyright of the original story.
Politico reports on how America's high school English teachers are adapting curriculum to the current political climate:
After watching the tumult of the 2016 presidential election play out inside their classrooms last year, and after a summer of hate-filled violence, many are retooling the reading lists and assignments they typically give their students. They worry that the classic high school canon doesn't sufficiently cover today's most pressing themesquestions about alienation and empathy and powerand that the usual writing prompts aren't enough to get students thinking deeper than an average cable news segment...
Stephen King's record-breaking horror film "It" may already be a hit with audiences, but one group is not celebrating the success of the latest adaptation of Stephen King's novel: clowns.
For a community already struggling to combat perceptions of clowns as scary rather than fun, the emergence of Pennywise, the movie's child-killing clown villain, played by Swedish actor Bill Skarsgard is truly the stuff of nightmares. Even before the film's release the World Clown Association was warning that the film could cause its members to lose work, even going as far as publishing a press kit to prepare clowns for the damaging effects It might have on their reputations.
The many sides of one of the UK's most beloved fantasy authors are reflected in an exhibition called Terry Pratchett: HisWorld, which opened this weekend at Salisbury Museum, not far from Terry Pratchett's Wiltshire (UK) "manorette" where he died in March 2015.
The memorabilia is as eclectic as the author's writing, from his first typewriter a manual Imperial 58 bought secondhand for £14 to his trademark leather jacket and Louisiana fedora.
The $1.2 trillion FY2018 budget bill (H.R. 3354), which passed by a 211-198 margin, includes full funding for the Institute of Museum and Library Services (IMLS), including all programs administered under the Library Services and Technology Act (LSTA), as well as the Department of Education's Innovative Approaches to Literacy (IAL) program.
The vote comes after the House Appropriations Committee in July approved a Labor, Health and Human Services, and Education (LHHS) funding bill which proposed roughly $231 million for the IMLS, including $183.6 million for LSTA, programs, and $27 million for IALessentially level with 2017 funding. In addition, the bill passed yesterday also increased funding for the National Library of Medicine by $6 million.
In addition to voting to preserve federal library funding, the House bill also would save the National Endowments for the Arts, and Humanities, which are funded as part of the FY2018 Interior and Environment Appropriations bill.
The House vote caps an intense lobbying effort, and comes after President Trump in May doubled down on his call to eliminate the IMLS and virtually all federal funding for libraries, as well as a host of other vital programs and agencies.....