Bob Williams

Best Buy wants your ideas

July 12th, 2009 | One comment | Tags: , ,

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 see. This allows others to read, comment, and vote on their favorite ideas.

Be mindful of the fine print though in the terms of use. Ideas you submit become the property of Best Buy. Here is a small excerpt of that language:

Furthermore, by submitting the Materials using IdeaX, you …Continue reading >>

Bob Williams

What’s wrong with Circuit City?

November 11th, 2008 | One comment | Tags: , ,

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 on what he thought about Circuit City. He said that he didn’t have any bad impressions of Circuit City.  In fact he could specifically remember a few of their advertising campaigns on price matching.  But at least for Mac, the location of the local Circuit City was not as …Continue reading >>