radio shack’s failures are best buy’s lessons
by denise lee yohn
on July 23, 2012
· 0 Comments
· in brand communication, brand delivery, brand perceptions, business, leadership, marketing, retail
brand as business bit: Hindsight is 20/20.
Nowhere is this more apparent than in the history books of failed brands. Julian Day, RadioShack’s former Chairman-CEO, probably has a few regrets. Although Day has been out of RadioShack’s hot seat for a year, his leadership marked the beginning of the brand’s demise.
With Best Buy fighting for its life now, I bet Day has some words of advice for the company’s current interim CEO, Mike Mikan. I suspect he’d warn Mikan about several brand pitfalls. My latest OPEN Forum column outlines the advice I think he’d give, including “customers aren’t always right.”
Tagged with: Best Buy • brand communication • brand repositioning • customer relationships • Julian Day • Mike Mikan • OPEN Forum • RadioShack • retail • small business • strategy • target audience
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