Comments on: Circuit City to File Bankruptcy Tomorrow?

By: Mr. ToughMoneyLove

Mr. ToughMoneyLove — Mon, 10 Nov 2008 20:56:54 +0000

Goldenrail – There are degrees of “must have.” A computer is very helpful in many aspects of like but is not essential. Having cable TV falls in the same category. Also, getting a computer upgrade or cell phone upgrade every 12 months is not essential, yet broke people do that with regularity. I could not write this blog without my computer but I would add that it is 3+ years old.

By: adam hartung

adam hartung — Mon, 10 Nov 2008 20:45:29 +0000

Remember when Circuit City was a favorite in “Good to Great” by Jim Collins? Remember when we thought being big gave you clout with customers and vendors to produce long-term returns (Michael Porter’s 5 Forces Model)? It’s time we recognize that the old approach to management doesn’t work in a rapidly shifting competitive world. There are winners in today’s market, but they follow a different approach.

By: goldenrail

goldenrail — Mon, 10 Nov 2008 18:26:42 +0000

While I definitely agree that most people spend too much money on discretionary purchases, I have to disagree that Circuit City doesn’t sell anything that qualifies as “must have.” In today’s society, most people do need a computer. Maybe not the fanciest thing out there, but some sort of a computer. Have you tried not using yours for a week? It’s not easy.