The news that venerable, old Sears Roebuck & Co. is filing for bankruptcy protection in the USA comes as no surprise to anyone, except perhaps the venture capitalists who bailed Sears out a few years ago. Seriously, in an age of Amazon and imitators (even WalMart), where is Sears needed? We are long past the day when a (snail) mail order catalog was a lifeline for much of the country.
My guess is that few school heads and board chairs would disagree with the above, even though some might mourn Sears imminent passing. But would these same heads and chairs know when their school’s time has come? Would they, like investors in Sears, try to revive a no longer needed model? More importantly, would they recognize the need to act while radical change might help?