RadioShack lost its focus and pursued a path where they had no significant advantage in a highly competitive field. In other words, RadioShack’s strategy was the wrong one.
 The company fell into the “Large Market” trap. The same trap many entrepreneurs fall into. We see it on Shark Tank, I see it in strategy discussions in large companies. What is this trap and how to escape it? read on…
 RadioShack was a great company. Founded in 1921, the company almost lasted 100 years. Back in the day, RadioShack was a very successful retailer. It had thousands of stores across the U.S. and billions of dollars in revenue. They helped propel the computer revolution with the Tandy TRS-80.
 I remember visiting RadioShack with my dad many times to buy rechargeable batteries, CB radios, home timers, intercoms, shortwave radios and many other gadgets. In a way, it introduced me to ‘cool’ technology.
 The problem with these technologies is that they become mainstream. When they do, prices go down, distri..

The post RadioShack Strategy: A Lesson for Business Leaders appeared first on BusinessnWealth.

via @businessnwealth http://bit.ly/29vyEO7