Comments on: Greatest Asset, My… http://www.leanblog.org/2007/04/greatest-asset-my/ Mark Graban's leanblog.org - Lean Healthcare, Lean Thinking, Lean Manufacturing, Toyota Production System Thu, 09 Feb 2012 02:40:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: A Lean Guy Reads the WSJ — Lean Blog http://www.leanblog.org/2007/04/greatest-asset-my/#comment-22951 A Lean Guy Reads the WSJ — Lean Blog Thu, 28 Jul 2011 12:50:15 +0000 http://leanblog.bigbigdesign.net/2007/04/greatest-asset-my/#comment-22951 [...] article caught my eye, since I remembered blogging about Circuit City last year when the company, which claimed “associates are our greatest asset,” proved quite the [...] [...] article caught my eye, since I remembered blogging about Circuit City last year when the company, which claimed “associates are our greatest asset,” proved quite the [...]

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]]> By: Dilbert’s Boss Again Proves He is Not a Lean Thinker — Lean Blog http://www.leanblog.org/2007/04/greatest-asset-my/#comment-18150 Dilbert’s Boss Again Proves He is Not a Lean Thinker — Lean Blog Sun, 13 Feb 2011 17:00:52 +0000 http://leanblog.bigbigdesign.net/2007/04/greatest-asset-my/#comment-18150 [...] Traditional cost cutting is a death spiral – case in point, the now bankrupt Borders bookstore chain that was scrimping on inventory and store staffing… angering the customers they had left, leading, I’m sure, to more cost cutting. Circuit City went through the same death spiral, as I blogged about in 2007. [...] [...] Traditional cost cutting is a death spiral – case in point, the now bankrupt Borders bookstore chain that was scrimping on inventory and store staffing… angering the customers they had left, leading, I’m sure, to more cost cutting. Circuit City went through the same death spiral, as I blogged about in 2007. [...]

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]]> By: Mark Graban http://www.leanblog.org/2007/04/greatest-asset-my/#comment-4392 Mark Graban Sat, 17 Jan 2009 14:26:00 +0000 http://leanblog.bigbigdesign.net/2007/04/greatest-asset-my/#comment-4392 Not to dance on their grave, but Circuit City is more -- or they are shutting down in the U.S., anyway.<br/><br/>http://www.circuitcity.com/closed.html<br/><br/>34,000 will lose their jobs, sadly.<br/><br/>The executives will blame the economy.<br/><br/>"Due to challenges to our business and the continued bleak economic environment, Circuit City is going out of business and the company's assets will be liquidated to pay off creditors."<br/><br/>Maybe it was also due to bad management. Not to dance on their grave, but Circuit City is more — or they are shutting down in the U.S., anyway.

http://www.circuitcity.com/closed.html

34,000 will lose their jobs, sadly.

The executives will blame the economy.

“Due to challenges to our business and the continued bleak economic environment, Circuit City is going out of business and the company’s assets will be liquidated to pay off creditors.”

Maybe it was also due to bad management.

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]]> By: Mark Graban http://www.leanblog.org/2007/04/greatest-asset-my/#comment-4009 Mark Graban Tue, 23 Sep 2008 10:33:00 +0000 http://leanblog.bigbigdesign.net/2007/04/greatest-asset-my/#comment-4009 The Circuit City CEO was fired yesterday:<br/><br/><a HREF="http://www.businessweek.com/bwdaily/dnflash/content/sep2008/db20080922_237728.htm?chan=rss_topStories_ssi_5" REL="nofollow">LINK</a><br/><br/>Maybe they can rehire him at a lower salary, ala the associates? The Circuit City CEO was fired yesterday:

LINK

Maybe they can rehire him at a lower salary, ala the associates?

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]]> By: Anonymous http://www.leanblog.org/2007/04/greatest-asset-my/#comment-1862 Anonymous Wed, 04 Apr 2007 13:30:00 +0000 http://leanblog.bigbigdesign.net/2007/04/greatest-asset-my/#comment-1862 I like your 'death spiral - race to the bottom' comment. Maybe we need to start a 'Darwin Award for Business' category. Setup some guidelines like worst management decsion, worst marketing decision.<br/><br/>Rumor has it BB did the same thing last year but did not go public with it?<br/><br/>Regardless the stockmarket did not think this was a great idea either. Price went down a couple percent. I like your ‘death spiral – race to the bottom’ comment. Maybe we need to start a ‘Darwin Award for Business’ category. Setup some guidelines like worst management decsion, worst marketing decision.

Rumor has it BB did the same thing last year but did not go public with it?

Regardless the stockmarket did not think this was a great idea either. Price went down a couple percent.

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