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/.

Reprint Information

Your organization may reprint this article for your newsletter, online publication, or mailing list. We ask that you print the:

  • article in its entirety;
  • byline of the writer;
  • information about the writer, which is available at the end of each article; and
  • contact information, including our toll-free phone number in the U.S. (800-886-2MAX) and link to our website - www.AchieveMax.com.

We would appreciate a tear sheet or electronic copy of the articles you reprint.

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.


MORE RESOURCES:

Is There Any Benefit to Reading Books You Hate?
New York Times
Here's a reading challenge: Pick up a book you're pretty sure you won't like — the style is wrong, the taste not your own, the author bio unappealing. You might even take it one step further. Pick up a book you think you will hate, of a genre you've ...



Forbes

Ten Books To Get You Through The College Admission Cycle
Forbes
Amazon lists 6,533 results for "college admission books." That includes test guides, college guides, "Teen & Young Adult SAT Study Aids," how to write the college application essay, education workbooks, higher & continuing education and more. So there ...



Mashable

Bookshop has hilariously creative idea to bring books to life
Mashable
An independent book store in France had a rather ingenious idea to literally bring books to life on Instagram. To the joy of its 21,000 followers, Librairie Mollat is regularly posting pictures of staff and customers as they mirror the pose seen on the ...

and more »


Bustle

12 Books You Should Read Before They Come To Screen This Year
Bustle
If you were as captivated by HBO's recently concluded mini-series, Big Little Lies (based on the bestselling novel of the same name, written by Liane Moriarty) as I was, then you're probably just itching for that next book-to-screen adaptation you're ...



Bustle

11 Books To Read When You Need A Pick-Me-Up
Bustle
OK, so things aren't going your way. Fortunately, the best cure for a bad day is a good book. Whenever I'm in the need of some cheering up, the best thing for me is to curl up in bed with a book and let everything else melt away. Whatever has got you ...



Day One Journal App Now Offers to Print Journals as Bound Books, Starting at $14.99
Mac Rumors
Day One Journal App Now Offers to Print Journals as Bound Books, Starting at $14.99. Wednesday April 26, 2017 2:56 AM PDT by Tim Hardwick. The company behind Mac and iOS journaling app Day One this week began offering U.S. users the chance to ...



Paste Magazine

The Best Books of 2017 (So Far)
Paste Magazine
Now that we're one-third of the way through the year, we decided to round up our picks for the best books of 2017 (so far). From thrilling sci-fi to Latin American fiction, illuminating memoirs to eclectic short stories, our favorite titles promise ...



The Telegraph

Books come cheap at annual sale
The Telegraph
Books lovers on a budget can fill a shelf for a few dollars in Perry this week. The Houston County Friends of the Library is having its annual Old Book Sale on Thursday through Saturday at the Georgia National Fairgrounds & Agricenter. Unlike Bibb ...

and more »


Chicago Tribune

Graphic books and learning to read again
Chicago Tribune
I recently realized I've been experiencing a similar intimidation when it comes to the graphic book. Sure, I'd read the writers everyone else has — Lynda Barry, Chris Ware, Alison Bechdel, Art Spiegelman — but I also doubted my ability to appreciate ...

and more »


CNN

The new bookstore bringing magic to Brooklyn
CNN
With a perch on Smith Street in the Cobble Hill neighborhood, Books Are Magic is perfectly situated to become a destination for anyone looking to tap into the borough's literary mystique. "I certainly know that's how I like to travel—by visiting ...

and more »

Google News

thatware.org ©