In September 1996 Staples and Office Depot announced merger plans that would have the number 1 and 2 company in the industry merge together. This would move OfficeMax from number 3 to 2, but increase competition. The merger has not taken place, but it opened OfficeMax eyes on competing within the industry. OfficeMax used strategic management to stay competitive within the industry. .
OfficeMax was founded in Cleveland, Ohio in 1988 and was initially financed by individuals and private venture capitalists. The company originally targeted small businesses. By 1990, 90% was purchased by Kmart. Kmart was a large financial backer and let the business implement it's own strategy. Sales grew at a rate 141% from 1990 through 1993. During this time they purchased 96 BizMart superstores. In 1994 they had 345 stores and over $1.4 billion dollars in Sales. The company did not see a profit until 1994. Also in 1994, Kmart decided to focus back on its core discount store operations and sold of OfficeMax. With the money from the sale Kmart worked out a deal, which helped finance OfficeMax's expansion. .
In January 1996 OfficeMax reached $2.54 billion in sales and $125 million in net income. To continue with their aggressive growth OfficeMax worked on a national advertisement plan, increased efficiency within stores, increased inventory turnover, and improved productivity. With increasing efficiency they purchased computers and software. All levels of management were entitled to huge data bases. This allowed for fewer people to do more operations more efficiently. The new system made them have the lowest administrative costs in the industry. They also developed their own logistics system to lower inventory costs. They established 5 Thru Max cross-docking facilities that took large shipments from suppliers and broke them down into specific orders from stores. To create their current culture top executives met on Saturday Mornings and discussed what they did that week.
"Seest thou a man diligent in his business? He shall stand before kings" (Proverbs 22:29). This verse from the Bible describes Max Weber's argument of the relationship between business and religion. He basically describes the way Calvinism, a doctrine of the Protestant religion, had effects on capit...
Max Webber would analyze the hostage situation in Russia very critique. He would use his theories to come to many different conclusions and his findings would be very relevant. Max Webber to begin with would notice a charismatic authority being implemented in the Chechen Republic. He would discuss ...
Max Weber Vs Emile Durkheim While Max Weber focused on the economical aspects of social evolution, Emile Durkheim focused on the social aspects. ... Max Weber's other concerns were focused on capitalism and bureaucracy; the economic and political views of society. ... Max Weber's concern with the connotations of people's actions allowed him to understand the evolution to modern society. ... Weber thought that bureaucracy could be considered to be a particular case of rationalization, when applied to human organization. ... A body "or in Weber's case, a machine &...
They thought it was her because Max had an unreasonable contract and she didn't like it and she was furious with max for not changing it. ... Therefore, she stole the key from Max to his office and started to investigate. ... They came out and unlocked Max's closet. ... Max had drugged Dominique. ... Unfortunately, Max did not make it. ...
Office Max In September 1996 Staples and Office Depot announced merger plans that would have the number 1 and 2 company in the industry merge together. ... They established 5 Thru Max cross-docking facilities that took large shipments from suppliers and broke them down into specific orders from stores. ... The office supply industry was moving to a global level and OfficeMax needed an appropriate strategy to join in the market. ... These specialty stores were sometimes put together and Called TriMax containing CopyMax, MiniCopyMax, and Furniture max under on 40,000 square foot store. ...
Imaginative Essay Alan Dong Max sat in the class gazing at Clare Jones. He watched as she leaned over to her friend Julie and passed her a note. Her small school blouse and shorter-than-normal skirt defined her curvaceous body. Julie saw Max watching her friend. She giggled and motioned to Clare...
This is where a man named Max comes in. ... Another example of Max's quick reflexes is displayed when Max comes across an interesting looking engine. ... They didn't trust Max at first, with good reason. ... They decided to kill Max, but Max's cleverness paid off when he made a deal with them. ... Why did Max do it? ...
Max was now hearing desperate distress calls from up above. ... "Darling, it's you," shouted Max in great relief as Max took the gag out of the hostages mouth and started to untie the rope. "Max, I never thought you would make it," replied the crying hostage. ... Max surfaced in the pool with beloved in arms. Max wiped a grimy hand across her battered yet tender face. ...
Max Weber's work about bureaucracy, translated into English in 1946, was one of the major contributions that has influenced the literature of public administration. ... " While the word "bureau" refers to the office the Greek suffix "kratia or kratos" means power or rule. Thus we use the word "bureaucracy" to refer to the power of the office (Hummel, 1998, 307). "Bureaucracy" is rule conducted from a desk or office, i.e. by the preparation and dispatch of written documents and electronic ones. ... This belief in science was evident in Max Weber...