Best Buy wants your ideas

Checkout the new crowd sourcing site launched by Best Buy call Idea X. Similar to the Starbucks idea site that I wrote about earlier this year, Best Buy is looking to use the power of bulk thinking to generate new and innovative ideas for its business. As with Starbucks, the ideas submitted to Best Buy are posted for everyone to Read More …

What’s wrong with Circuit City?

It was reported today that Circuit City has filed for bankruptcy protection. This appears to be the last resort in a series of troubled events over the last few months.  The CFO, Bruce H. Besanko, claimed three contributing factors: erosion of vendor confidence, decreased liquidity and the global economic crisis. I polled my car pool partner, let’s call him Mac, today Read More …