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“Hindsight is 20/20.”
This popular phrase explains that knowing what has happened is easier than trying to explain what was going to happen.
Everyone makes mistakes, and there is always value in learning from them. However, one key to a business’ success is to avert the grand miscues all together.
You have to wonder how many times Neiman Marcus CEO Karen Katz and Target Corporation CEO Gregg Steinhafel have thought about the importance of damage prevention recently? Smaller companies would have been forced out of business all together had they made the same mistakes.
By refusing to have the proper security measures in place, these retail magnates have caused close to 100 million customers to ponder some popular phrases of their own. You don’t need to be a CEO of multibillion dollar firm to understand that your company’s most important commodity is the consumer.