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Showing posts from February 8, 2014

How to sucessfully fail without trying

By The Urban Blabbermouth
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Today, I walked past the Woolworth Building.  The Woolworth Building is one of the oldest skyscrapers in the US and was the world's tallest building for more than fifteen years in the early twentieth century.  The building stands as a symbol of great architecture and as a symbol of  business failure.  The Woolworth company does not exist any more.  It may have morphed into some other company but it does not exist as the Woolworth stores that I knew when growing up.  

How does a company run by some very smart men go out of business?  I understand that the business environment does change and that Woolworth did not keep up.  But it's not like Woolworth's management did not have examples to show them what to do.  Walmart was rising up while Woolworth was going down.  All the management of Woolworth had to do was follow the Walmart example.  How hard can that be? 

Maybe the Woolworth management did…