Woolworths – From incompetence to wanton destruction

It is breathtaking just how short-term memories are in this country – and as a result how reactive decision-making leads to long-term consequences. The cyclical nature of business performance is a consequence of this. In the 1980s, Coles was untouchable as the supermarket leader and Woolworths was broke. Paul Simon and his team brought the business back from a near death experience and through focused, successive management teams it went on to become the market leader. 15 years ago Woolworths

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