I'm not really advocating tanking, but it worked pretty well for Pittsburgh and Chicago. The structure of the league just lends better to a compete rebuild than getting stuck in mediocrity. The Calgary Flames are the perfect example.
The thing about Calgary is that while the team was declining, they had a very shallow prospect pool, so it all just kind of snowballed until they finally decided to embrace a rebuild. Wings don't have that issue. We have a very deep prospect pool, so while having a terrible year and a lottery pick would no doubt give the team a shot at getting a great, young talent (not a guarantee), with the depth in the farm it isn't necessary. The kids just need to get the experience and learn how to win at the NHL level. Just takes time. And once they get there, Holland has plenty of assets to make the moves that need to be made. All tanking a season would do is get a high draft pick that may or may not pan out.