An article in The Wall Street Journal “Marketplace” section featured a who’s who of retailers getting their rears kicked for an absence of new ideas and an inability to anticipate current and future retailing changes.
Among the headlines:
- Big Retailers Find It Hard Shopping for a CEO (featuring JC Penney, American Eagle Outfitters, and Target)
- Whole Foods Shares Drop on Flat Earnings
- Office Depots Plans to Shut 400 Sores
- Sear’s CEO Signals More Closings Likely
The CEO article that includes Target said the retailer is ready to move away from its 112-year track record of internal leadership to look beyond Target, and potentially the retail industry, for its next leader.
Why the change in strategy?
Target needs “fresh eyes” to create dramatic change, rapidly test more new ideas, and get “pilots” and “experiments” into its retail stores with greater speed.
Fresh eyes, more new ideas, and experimenting with greater speed?
Sounds like an organization trying to figure out how it is going to start Taking the NO Out of InNOvation! – Mike Brown
If you enjoyed this article, subscribe to the free Brainzooming blog email updates.
Download the free ebook, “Taking the NO Out of InNOvation” to help you generate fantastic creative thinking and ideas! For an organizational innovation success boost, contact The Brainzooming Group to help your team be more successful by rapidly expanding strategic options and creating innovative plans to efficiently implement. Email us at email@example.com or call us at 816-509-5320 to learn how we can deliver these benefits for you.