The Big Picture of Business – Achieving the Best by Preparing for the Worst: Lessons Learned from High-Profile Crises, part 2 of 4
Strategy Driven
OCTOBER 11, 2013
K-Mart closed 617 of its under-performing department stores and filed for Chapter 11 bankruptcy reorganization in 2002. During the years while K-Mart did not plan for change, Target and Wal-Mart did plan, change and established defined marketplace niches. Planning is necessary to remediate current and future problems.
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