At Sears Holdings’ annual stockholders meeting this week, we talked a lot about the difference between turnarounds and transformations. I want to share some of those thoughts here. Turnarounds happen when a company succeeds again at doing what it had once done successfully before. Transformations are almost entirely different – they occur when companies adapt…
It seems like many companies are spinning off parts of their business in 2014. Tribune Company, Time Warner, CBS, GE, Simon Property Group, and Darden Restaurants are all examples. Companies reorganize in a variety of ways all the time. Acquisitions, divestitures, spinoffs, LBOs and recapitalizations are part of the normal evolution in the life of…
“For the fifth consecutive year, Kmart is the top corporate fundraising partner in the St. Jude Thanks and Giving campaign” http://prn.to/LU0Ag4
Here is a link to a post I shared on the Sears Holdings blog. As changes Sears Holdings anticipated are being recognized more broadly, I want to make sure that I connect the dots between what we started doing years ago and what is happening now. http://blog.searsholdings.com/eddie-lampert/are-the-new-ideas-about-how-retail-is-changing-really-new/
I read two articles this weekend that I found interesting. The first was a blog post by Ben Horowitz. http://bhorowitz.com/2014/01/02/can-do-vs-cant-do-cultures/ I found this to be very germane to large companies attempting to innovate and transform. To quote one paragraph of the blog: Big companies have plenty of great ideas, but they do not innovate because…
As 2013 comes to a close and as we welcome 2014, I am happy to introduce to you a site where I will post my thoughts and reflections on a variety of matters. I am not sure how often I will be able to write, but I will endeavor to share my ideas on matters…
Eddie Lampert's Blog 