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A good many of the Executives do not have MBAs. They have your Humanities degree, law degrees, gender study degrees, psychology degrees, etc...

Also, (I will get flamed for this but data says the flamers are wrong) too many females that believe in relying on "the human element" rather than, concentrating on producing the best service and or product to the consumer, is more beneficial to a firm's future outlook.

Also the fact that Sears had an online presence since the 1990's but was attached to the concrete jungle called the mall they had prospered with for decades made there strategy a Catch 22. Guess what, rent/storage costs (Vast amount of Malls/shelf space in the form of a third party) that takes resources to keep up with. Amazon did not have those anchors and in terms of Internet exposure, had first the first mover advantage (Took the Best Buy model in terms of the Internet).