For Best Buy, advice is cheap (part 2)

Here’s a more recent RetailWire post about the CEO search at Best Buy:

It’s past time for the Best Buy board to conduct an independent search without undue influence by its founding CEO. You can make a case that Best Buy needed a fresh pair of eyes before it hired Mr. Dunn in the first place. His failure probably had less to do with his ethical issues than the lack of a transformative vision.

I wouldn’t be so quick to forecast the demise of Best Buy, however. They are still the dominant big box player in their market segment (maybe the only player, outside of Apple) — and their PC business will get a lift this fall with the introduction of Windows 8, if history is any predictor. But the new CEO had better move the company forward to thrive five and ten years from now, even in the face of lightning changes in the consumer electronics business.


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