I wish there was hope left that the sinking can and will be stopped.
5 replies (most recent on top)
Sears 2.3
I believe we have passed the point of no return. All the eggs have been placed in one basket and that basket was tossed off the cliff. I think we are beyond fixing this mess thanks to Tom and Glenn and all the gutless yes men worms that did nothing to try and persuade those fools that this Transformative Growth plan was doomed before it was even put into place. A narrow minded old school dead way of thinking and working was the basis for Transformative Growth and now it is a blatant refusal to pull out of it and they have even double downed with offshore vendors and manipulation of stocks and internal business entities....the way business was done in the 90's.
Death spiral
The new guard is held down by the old guard. Never seen a company with so much experience in the industry but all with the same company. Inability to think outside of the old allstate way is the downfall.
The answer to your question is ……Yes in terms of what transformative growth should mean….. the answer to transformative cost structure is NO….here why, changing your cost structure in terms of how you price your product is straight forward and within the wheel house of current officer and director capability and acumen. Changing how you compete, user experience and drive new ways to create revenue is well below their ability to establish a path, stay the course and then optimize. That plan was established in 2015/2016 and old school legacy thinkers have derailed the ability to be contemporary, modern, digital and consumer centric. Also….don’t think its the old guard only. Many of the new guard are the same. Good luck!!!!!