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.
In the summer of 2016, Curtis Dawkins, a felon who is serving a life sentence in Michigan for murdering a man during a botched robbery, got some unexpected good news. Scribner, one of the top literary publishing houses in the United States, wanted to publish his debut collection of short stories, and offered him $150,000.
When "The Graybar Hotel" came out last summer, he was praised as a gifted stylist whose stories illuminated the often overlooked lives of prisoners. The book was also a boon for his family: Mr. Dawkins directed the money into an education fund for his three children.
But his surprising literary debut also caught the attention of Michigan's attorney general, who now wants Mr. Dawkins, 49, to use his financial windfall to pay for his incarceration...
The Booker Prize Foundation has launched the Golden Man Booker Prize to mark its 50th anniversary. This special one-off award will crown the best work of fiction from the last five decades of the prize, as chosen by five judges and then voted for by the public.
The Golden Man Booker will put all 51 winners which are all still in print back under the spotlight, to discover which of them has stood the test of time, remaining relevant to readers today.
Barnes & Noble is trimming its staff, laying off lead cashiers, digital leads and other experienced workers in a company-wide clearing, CNBC has learned from sources familiar with the matter.
The news came abruptly for many workers who showed up Monday morning at various Barnes & Noble locations to be notified that they no longer had a job. The number of affected workers couldn't immediately be determined. As of April 29 of last year, Barnes & Noble employed about 26,000 people.
The American Library Association presented their annual book awards today.
The Newbery medal went to Erin Entrada Kelly for Hello, Universe (Greenwillow Books) and the Caldecott Medal to Matthew Cordell for Wolf in the Snow (Feiwel & Friends).
Nina Lacour won the Michael L. Printz Award for We Are Okay (Dutton Children's), and Angela Johnson won the Margaret A. Edwards Award for "significant and lasting contribution to young adult literature." The William C. Morris YA Debut award went to The Hate U Give by Angie Thomas (Balzer + Bray), which also won the Odyssey audiobook award. Deborah Heiligman's Vincent and Theo: The Van Gogh Brothers (Henry Holt) won the Excellence in Nonfiction award, while Larry Dane Brimner won the Sibert Medal for distinguished informational book for the Twelve Days in May: Freedom Ride 1961 (Calkins Creek).
Jacqueline Woodson received the Wilder Award, honoring an author or illustrator whose books have "made a substantial and lasting contribution to literature for children."
Renee Watson received The Coretta Scott King award for Piecing Me Together (Bloomsbury Children's), and Eloise Greenfield received the Coretta Scott King-Virginia Hamilton Award for Lifetime Achievement.
Former Hong Kong-based Causeway Bay Books manager Lam Wing-kei said during an interview with a foreign radio station on Tuesday that it is almost certain that he will open a book store in Taiwan and if the operation of the store is smooth, he will consider going back to Hong Kong to open a new book store.
Lam is one of five men associated with publisher and bookstore Causeway Bay Books who disappeared at the end of 2015 and reappeared in China a few months later. He said they were kidnapped by Chinese public security. The incident directed the world's attention to the issue of China's heavy-handed suppression of free speech and press.
More than 1,100 new words were included in the latest update to the Oxford English Dictionary's online edition, with more than 100 of them relating to parenting.
"Mansplain" also enters the dictionary for the first time. According to the OED, just 10 years ago the word did not exist, "but the verb (of a man: to explain something needlessly, overbearingly, or condescendingly, especially to a woman, in a manner thought to reveal a patronising or chauvinistic attitude) and the concept it describes now have a firm foothold in the language".
Gui Minhai, the Hong Kong bookseller and publisher who has twice been seized by Chinese authorities--most recently on January 20--is being awarded the International Publishers Association's Prix Voltaire for "his bravery in continuing to publish despite the risks involved."
The National Book Foundation today announced it will present the National Book Award for Translated Literature, beginning this year at the 69th National Book Awards in November. This prize, which represents a fifth National Book Award category, will honor a work of fiction or nonfiction that has been translated into English and published in the U.S.
The poet and author Helen Dunmore, who died in June 2017, has been awarded the Costa book of the year for her final poetry collection, Inside the Wave.
Dunmore, who died last year aged 64, is only the second posthumous winner of the book of the year category in the prize's history, after her fellow poet Ted Hughes won for Birthday Letters in 1998, and only the eighth poetry collection to take the top award.
Inside the Wave considers her terminal cancer diagnosis and impending death.
Fantasy author Ursula K Le Guin has died at her home in Oregan, aged 88. A prodigious author, her career spanned more than half a century. She won numerous awards including the Nebula and Hugo science fiction and fantasy awards, the Newbery Medal, and the National Book Foundation Medal for Distinguished Contribution to American Letters. In 2000 the US Library of Congress designated her a Living Legend for her contribution to America's cultural heritage.