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Staples
Essay specific features
Written by:
Margarita F
Date added:
June 26, 2013
Level:
University
Grade:
A
No of pages / words:
8 / 2146
Was viewed:
6316 times
Rating of current essay:
Essay content:
During this time period companies were consolidating and making retail stores that focused on one industry like Toys R Us. After Tom Stemberg, the founder of Staples, was fired from his job, he saw the need for cheaper office supplies. Leo Kahn, an associate of Stemberg, believed in Stemberg's vision and became his mentor and invested $500,000 into his business idea...
displayed 300 characters
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Initially, Stemberg thought about going into the supermarket grocery retailing industry, but rejected the idea because of the extreme competition. Stemberg began investigating the need for an office supply industry through conducting interviews on how much money people spent on supplies. He knew that through his vision, he could help consumers save money...
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