Buy Problems Facing Sears Department Discussion

Buy Problems Facing Sears Department Discussion
In detail, describe some of the challenges and problems that Sears is/was facing/faced at the
completion of the EC project/experience. Furthermore, it would be helpful to the reader if you describe the
current (today’s) status of the challenges and problems related to the EC project/experience. This assignment
must be 2 pages long with sources and a work cited page. APA format, 12 font, times new roman.
Buy Problems Facing Sears Department Discussion
Commerce One went from over a $20 billion market cap to bankruptcy in a couple of years
(Figure1). Thousands of employees and investors had lost a big fortune from its downfall. Hoffman believed
in a remarkable turnaround that simply never happened. Nevertheless, strategic errors, disappointing
mergers, and overspending pushed Commerce One to the point of being unable to recover.
Before the collapse of the era, this corporation was a dynamic player in the e-commerce
arena. Over time Commerce One’s expenses significantly outweighed its cash intake. Even with its strong
ideas, Commerce One’s financial problems kept increasing making it harder for the company to acquire new
business. In 2003, it was reported that Hoffman went without a paycheck for several months and Commerce
One had hired Broadview International, which advised companies on mergers and acquisitions. There were
no alternatives left for this firm (Guynn

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