Posts tagged business.

Hoover believes the only valid reason for the existence of any enterprise is to provide goods and services to people, to somehow make the world a better place. The minute an enterprise forgets that, it’s all over with. Hoover recalls in the early ’70s when he was a Wall Street analyst covering retailing. The retail giants at the time were JC Penney, Kmart, and Sears. There were young emerging competitors, among them a company called “Wal Something” from Arkansas. Hoover and his boss thought it wasn’t even worth a summer intern’s time to look at the company as an investment. Looking back, he asks himself, “What did we miss?” Think about the theoretical reasons for corporate success. Which company had more experienced executives? Sears. Which company had better marketing? Sears. Which company had better human resources and training? Sears. Which company had better information systems? Sears. Which company had a better real estate? Sears. Which company had better brand recognition with the consumers? Sears. (Die Hard battery, Coldspot, Kenmore, Craftsman Tools. Nobody had heard of Wal-Mart’s Old Roy dog food.) So what was it that today has made Wal-Mart the largest company in the world and Sears struggling to stay alive? Hoover says Sears took their eye off the customer. They built the world’s tallest building, a real tribute to the customer. They bought Dean Witter so they could go into the stock brokerage business. They bought Caldwell Banker to go into the residential and …
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CB Richard Ellis is the global leader in real estate services. Each year, we complete thousands of successful assignments – with clients from the gamut of industries. This volume creates market knowledge that allows us to seize opportunities, speed the business process and create the most thorough, precisely accurate picture of global commercial real estate conditions and trends. Every day, in markets around the globe, we apply our insight, experience, intelligence and resources to help clients make informed real estate decisions. We do not exist without our clients – and we never lose sight of this fact. Our mission is to deliver superior results for stakeholders by: Putting the client first — always :: Collaborating across markets and services lines:: Thinking innovatively, but acting practically :: Providing a rewarding work environment.
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