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 Kmart's Ten Deadly Sins: How Incompetence Tainted an American Icon
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Kmart's Ten Deadly Sins: How Incompetence Tainted an American Icon

Kmart's Ten Deadly Sins: How Incompetence Tainted an American Icon
Publisher
 John Wiley & Sons
Published
 July 2003
ISBN
 0471435937
$24.95 List Price
$16.47 OUR PRICE
Sales Rank: 181,863
AVAILABILITY:
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Advance Praise

"It’s not a pretty story, but it is a well-told story of the decline and fall of Kmart, the discount chain that pioneered the new category that brought us Wal-Mart. Every would-be entrepreneur should read this cautionary tale."
–Al Ries, Chairman, Ries & Ries

"A well-written comparative analysis of why Kmart failed and Wal-Mart continues to thrive. The management lessons found in the book can be widely applied."
–Eugene H. Fram, J. Warren McClure Research Professor of Marketing, Rochester Institute of Technology

Product Reviews

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Average rating: 4.0
Let me repeat that Rating
May 22, 2004 Rating: 2.0 stars

The author has researched well, using many footnotes to indicate her sources. However, the book reads like a high school student's report of individual articles (too, the grammar and tone are often colloquially conversational) and there is little central organization to the book. The author frequently beats the same dead horse with so many different articles to support her view that you'll find yourself wondering if she a little defensive in making some of her points.

Her style of continually referring back and forth between Wal*Mart and Kmart left me feeling as though I were holding a finger in two different books and flipping back and forth. Comparisons of this sort are valuable, but the constant shifting of gears is distracting.

The book lacks the perspective from the inside. Isn't that what gets to the heart of the problem?

For readers with financial savvy, it would have been nice to see some financial and non-financial statistical tables and/or charts. Specifically, what was the impact on the financials during this time? The number of transactions? The average sale amount per transaction? A picture is worth a thousand words.

If you buy this book, read the first few pages of each chapter and you will have the main ideas. This book could have been half as long.

Very Interesting Analysis Rating
January 7, 2004 Rating: 5.0 stars

I read this book with interest from both the perspective of a consumer and a business person. As a consumer, I stopped shopping at KMart a long time ago. This book gave me the understanding of how the customer service at KMart ended up being such a low priority to a retailer when it should have been the highest priority. As a business person, it was fascinating to read about one more example of how egos in Corporate America can cause the downfall of an established institution. A recommended read...

Well researched, well written. Well Worth Reading. Rating
January 6, 2004 Rating: 5.0 stars

When I picked up this book, I expected to find some interesting insights into why KMart, once so widely known and popular, ran into all its problems. A company whose stores were once part of the American landscape and whose blue light specials were exciting mini-events, spun into bankruptcy on January 22, 2002. What happened?

I looked at the author's credentials and, frankly, was a bit dismayed that she was author of "The Unofficial Guide to Starting a Small Business." Even though the title is described as a best-seller, I questioned whether such an author would be able to produce the kind of study that the K-Mart subject demands. Looking further through the book, I discovered that my concerns were totally unfounded. This book is quite well researched, as evidenced by the abundant footnotes at the end of each chapter. Turner lists, in her acknowledgements, some of the people she conferred with in putting this book together. Impressive. Almost academic.

The book begins with two features I appreciated. One was a chapter, called the introduction, which effectively sets the stage for the in-depth look at what happened... and why. The other feature is a time line that includes progressive events at Kmart and at Wal-Mart. A fascinating fact to ponder is that Kmart and Wal-Mart were started in the same year. Throughout the book, Turner interweaves and compares the strategies-and implications-of Kmart, Wal-Mart, and Target, as well as other retailers. This approach adds value to this book for every retailer-every business leader-who designs strategy with anticipated results. The bibliography and comprehensive index make this book a most usable tool.

A chapter is devoted to each of the Deadly Sins: Brand Mismanagement, Lack of Customer Knowledge, Underestimating Wal-Mart, Lousy Locations, Ignoring Store Appearance, Technology Aversion, Supply Chain Disconnect, Lack of Focus, Strategy du Jour, and Repeating the Same Mistakes. You'll learn about strategic blunders, tactical mismanagement, and operation deficiencies that crippled the potentially powerful chain retailer. Details even go down to the level of describing how insufficient staffing levels in the stores confounded efforts to keep the aisles clear of incoming merchandise, let alone serve the customer.

While you'll shake your head numerous times as you read this educational and insightful book, you'll gain new perspectives and cautions in the way you run your own business and life. Highly recommended.

Good Book with Some Frustrating Shortcomings Rating
December 24, 2003 Rating: 4.0 stars

Marcia Turner does an excellent job of laying out what KMart has done wrong over the years and builds a very convincing case, citing mostly secondary sources such as retail trade journals. The writing is clear and lively, but the "10 Deadly Sins" idea is rather tentatively executed. Many chapters discuss multiple sins, and partly because the entire history of the company has to be addressed in each chapter there is a fair amount of repetition.

But for me, the most frustrating thing about the book is that it is entirely an outsider's perspective. Turner does such an excellent job of documenting Kmart's persistent stupidity over many decades that at some point you want to hear from an insider to answer the question "what could they have been thinking?"

A particular strength of the book is laying out the competitive landscape of discount retailing. One major unanswered question (which, granted, would be very difficult to answer) is how big a role pervasive corruption has played in Kmart's decline. The conviction of a senior real estate executive for bribery indicates that self-dealing in the company may have gone back much further than the executives who put the company in bankruptcy.

K Mart vs. the competition Rating
November 1, 2003 Rating: 4.0 stars

K Mart's 10 Deadly Sins by Marcia Turner is a well-documented story of a fallen giant. Ms. Turner uses respected individuals, former employees, specific examples and printed sources to make her points. It could very well be recommended reading for a business school course.
Ms. Turner cites specific problems and follows it up with particular remedies and suggests solutions. She compares K Mart to several competitors in an easy to understand format. It was an informative and enjoyable read on a timely subject.

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