sábado, fevereiro 20, 2016

Para reflexão

"When I started business school in 1980 finance Professor Bill Fruhan introduced me to a concept that had never before occurred to me. Value Destruction. Through case analysis the good professor taught us that leadership could make decisions which increased company valuation. Or, they could make decisions which destroyed shareholder value.
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1. Micro-management in lieu of strategy. Mr. Lampert has been merciless in his tenacity to manage every detail at Sears. Daily morning phone calls with staff, and ridiculously tight controls that eliminate decision making by anyone other than the top officers. Additionally, every decision by the officers was questioned again and again by the Chairman. Explanations took precedent over action as micro-management ate up management’s time, rather than trying to run a successful company.
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2. Manage-by-the-numbers rather than trends. Mr. Lampert was a finance expert and former analyst turned hedge fund manager and investor. He truly believed that if he had enough numbers, and he studied them long enough, company success would ensue. Unfortunately, trends often are not reflected in “the numbers” until it is far, far too late to react. The trend to stores that were cleaner, and more hip with classier goods goes back before Lampert’s era, but he completely missed the trend that drove up sales at Target, H&M and even Kohl’s because he could not see that trend reflected in category sales or cost ratios. Merchandising – from procurement to store layout and shelf positioning – are skills that go beyond numerical analysis but are critical to retail success."
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Trechos retirados de "The 5 Ways Ed Lampert Destroyed Sears"

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