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 http://www.AchieveMax.com/books/.

Repr int 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.

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 http://www.AchieveMax.com.

---

Washington Historian Remembers Harriet Lane, the Greatest First Lady

Washington Historian Remembers Harriet Lane, the Greatest First LadyWASHINGTON DC:... Read More

Her Backyard: Book Review

Her Backyard by Doreen Lewis is an adventure, romance novel... Read More

Magic Tricks - Book Reviews

Since the 1950's, Coin Magic by J.B. Bobo has been... Read More

FDA Approved Vagus Nerve Stimulation Therapy Can Improve The Quality of Your Life

As of August 2005, the U.S. Food and Drug Administration(FDA)... Read More

Straight from the Gut - A Different Take on Business

Jack Welsh, the recently retired CEO of General Electric, presents... Read More

Sound Bodies through Sound Therapy - Book Review

"Dorinne Davis has written many books that concentrate on the... Read More

Story Structure ? Classic Hero?s Journey

The Classical Hero's Journey is one of the most detailed... Read More

Book Review: The NEW Game Of Business

If you think you've seen and heard everything there is... Read More

IZEE Growing Up In A Logging Camp: Reality Intertrude Insert Between Ch1 and Ch2

Reality intertrudeAs MS (multiple Sclerosis) is doing such a fine... Read More

Book Review: Christmas in Dairyland

Author/Publisher Christmas in Dairyland by LeAnn R. Ralph Published by... Read More

Albany, NY Family History Reference Now Available Thanks To Author Joseph Yakel

"Personal research references, especially for families who once lived in... Read More

Going Deeper - Book Review

Going Deeper by Jean-Claude Koven is certainly a nicely presented,... Read More

Gilleland Poetry: A Book Review

For me, poetry is often too obtuse and difficult for... Read More

Amazing Holy Grail Discovery

In a profound and provocative work of scholarly detection, best-selling... Read More

Execution... I Mean The Book

Larry Bossidy & Ram Charan have created quite a stir... Read More

Stewie Griffin Depicts the Winter of Spenglers Discontent

Oswald Spengler predicted a protracted winter in The Decline of... Read More

Ebook Review: How To Write And Publish Your Own eBook In As Little As 7 Days

Jim Edwards and Joe Vitale who are both well known... Read More

Review: eBook Secrets Exposed

If you want to make a lot of money with... Read More

Kmarts Ten Deadly Sins - AchieveMax® Top Ten Book Review

Kmart's Ten Deadly Sins: How Incompetence Tainted an American Icon... Read More

Russ Whitney: Journey To Greatness

Teenage years for Russ Whitney were not filled with opportunity,... Read More

The Inspired Heart: A Book Review

Spiritual food for the soul: Allow Jerry to take you... Read More

Alison?s Journey: Book Review

"The dedication in this book is a work of poetry... Read More

The New Art of War, Tactics, and Power

To rise and flourish in the world, you need to... Read More

Are You Using Both Sides of the GoogleCoin?

By now most of you realise that Google can give... Read More

The Cranberry Bog - Book Review

"Scott Underhill takes readers on a stimulating, emotional ride in... Read More

Book Summary: Effective Networking For Personal Success

We are all "self-employed" now.Today there is absolutely no job... Read More

Not Just A Shocking Horror Tale: The Surgeon By Tess Gerritsen

The Surgeon grabbed me and kept me reading. The suspense... Read More

IZEE Growing Up In A Logging Camp: Chapter One

Chapter OneI was ready to start the fourth grade, the... Read More

Book review on Finite Capacity Scheduling, Part I

Finite Capacity Scheduling by Gerhard Plenert PhD and Bill KirchmeirI... Read More

10 Best How-To Books Ever Written

Somebody once said there are more book titles beginning with... Read More

What Really Works - AchieveMax® Top Ten Book Review

If you watch television, read the newspaper and/or magazines, frequent... Read More

FISH! Tales - AchieveMax® Top Ten Book Review

FISH! Tales: Real-Life Stories to Help You Transform Your Workplace... Read More

Free Ebook Offer: The Story of America: Discovery - Article 2

Just think. If the Vikings had made just that little... Read More