Entity Dossier
entity

Sears

Strategic Concepts & Mechanics

Cornerstone MoveEquity Stakes for Distribution Leverage
Competitive AdvantageCableLabs Royalty-Free Standards Play
Cornerstone MoveStock Architecture to Lock Control
Competitive AdvantageBlackout as Franchise Leverage
Capital StrategyTax-Sheltered Growing Annuity
Capital StrategyInsurance Company Capital Over Banks
Signature MoveNever Bet the Whole Farm
Strategic PatternWarrants as Industry Coordination Currency
Decision FrameworkEmpathy as Negotiation Architecture
Signature MoveThrow the Keys on the Table
Signature MoveOwn a Small Piece of a Winner You Can't Run
Operating PrincipleDecentralized Cowboys with Centralized Benchmarks
Risk DoctrineWhat If Not as Decision Filter
Strategic PatternScale Economics as Survival Doctrine
Signature MoveAsk One Sharp Question to Crack Open Intel
Signature MoveCash Flow Not Earnings as Currency
Cornerstone MoveBuy the System, Pay With Its Own Cash Flow
Identity & CultureIntrovert's Edge Through Listening
Decision FrameworkChunking for Initiative Taking
Identity & CultureGenuine Retailer Identity Commitment
Signature MoveSix-Month Grievance Venting System
Signature MoveWhite Papers Before Major Moves
Signature MoveReasonable Beats Optimal Always
Signature MovePay Premium to Win Premium
Operating PrincipleEach SKU Profit Center Discipline
Signature MoveNo Secretaries No Secrets Policy
Cornerstone MoveDiscontinuity as Core Strategy
Risk DoctrineGrowth Skepticism as Discipline
Cornerstone MoveOvereducated Underserved Targeting
Competitive AdvantageEntrepreneurial Vendor Treasure Hunting
Strategic PatternBrooks Brothers Strategy

Primary Evidence

"Prodigy was an early player looking to connect personal computers on a private subscriber network. Prodigy’s owners were IBM and Sears. IBM, the largest computer maker in the world at the time, and Sears, one of the biggest retailers, were offering news, sports, weather, entertainment, and home shopping through Sears and other retailers. Members could “message” one another only on the proprietary, closed Prodigy network. The biggest of these new networking services was AOL, followed closely by CompuServe, owned by H&R Block Inc. and General Electric Company. They were all clunky, closed-off networks or “walled gardens.” Simple connections took a few minutes and required special software and modems, and some services charged per minute for usage!"

Source:Born to Be Wired

"[Peter] Drucker was . . . an admirer of Marks & Spencer, the giant British retail concern which, while copying some of Sears’ methods, notably in recruiting, training, and developing new executives, was imbued with a variety of objectives, perhaps more diverse than Sears’ productivity and marketing, for example. It had also established “innovation objectives” as Drucker put it, by which “it rapidly built its quality control laboratories into research, design and development centers. It developed designs and fashions. Finally it went out and looked for the right manufacturer.” The result was one of the world’s best programs for private labels. —Isidore Barmash, Macy’s for Sale, 1989"

Source:Becoming Trader Joe

Appears In Volumes