When I do presentations on the need for innovation, I often share a comparison of Sears and Amazon as a case study. There may not be a better example of the implications of whether or not organizations innovate and embrace change.
In July of 1995, when Amazon first opened its online store, Sears possessed everything needed to become what Amazon is today and more. Sears had a dominant and trusted brand. They sold a full portfolio of products, from clothes to appliances to tools. Sears had an enormous print catalog, an extensive customer list, and warehouses to pack and ship purchases. In fact, for over one hundred years, Sears mailed out its big book catalog to a significant portion of the U.S…