I just saw the article RadioShack continues death march, loses $98.3 million in a quarter by Megan Geuss (Ars Technica) and it got me thinking again: where do you usually find Radio Shack stores in the US? In poorer neighborhoods, where they more often than not provided a convenient place to find replacement parts for electronic goods.
Did the need for Radio Shack’s goods disappear? Or is it just that it provides value to the wrong target market? With our overemphasis on valuation, are we not also picking winners and losers? Are we not preferring the opinions of the wealthy over those of the poor? If you can vote billions, you get your way. Once again, we circle back to the question of to whom is value being provided?