thinking | Management homework help

It is important to note that while Sears had been an industry leader for many years, Walmart entered the market with a new way of doing things. The long established leader, Sears, was ingrained in ways of doing business that had become outdated. Once the change in supplier and inventory technology shifted, perhaps Sears did not recognize the importance of adapting to this shift? 

Management has a responsibility to their employees. The company, and its employees, will either benefit or suffer as a result of decisions made by management.

Was Sears forward-thinking enough to see this change coming and therefore plan accordingly? with cited and references.