A Collection of Resources To Tell The Story of OfficeMax
Michael Feuer and Robert Hurwitz Feuer came up with the concept of OfficeMax in the late ’80s. It all started as a simple idea, and in about five years, it blossomed to become the third-highest American business supplies industry.
At the age of 42, Feuer was an executive at the Fabri-centers of America, which is 600-store retail located in Cleveland. But he wasn’t comfortable being just an executive. That was when he decided to start his enterprise. Feuer turned down so many job offers and didn’t have money to fund the enterprise. But he and Robert struggled to raise money from friends and family to start the operation.
OfficeMax started with just seven workers, and the requirement as at then was only to be hardworking and have an enthusiastic spirit. After 90 days of creating their business blueprint, OfficeMax incredibly opened its first store, which left many people stunned. In the next 6months, OfficeMax broke even, and it was a great feat.
In less than 12 months after opening the first store, OfficeMax had 13 stores in Ohio, and the sales had risen aggressively to $13 million annually.
As of 1994, OfficeMax was successfully operating in 40 states, including Puerto Rico, and had a total of 388 stores. In this same year, OfficeMax made the highest IPO ever in the history of industries by launching online OfficeMax, CopyMax, and FurnitureMax
In 1995 OfficeMax posted more than $2 billion sales, and this was despite the recession that started in the late 1980s. OfficeMax rose rapidly above its competitors because of its savvy marketing and financial strategies.
In November 2013, OfficeMax merged with Office depot to form the largest office supply chain in the United States.
Looking at the bigger picture, OfficeMax has grown to be a very reputable brand in the industry today. Their mission is straightforward. OfficeMax supplies in-store print, technology products, and solutions, document services, furniture, paper, and office supplies to individuals and businesses. It doesn’t end there
Customers rarely have a cause to complain because they are attended to by over 30,000 through e-commerce, direct sales, and catalogs. OfficeMax has over 1,000 stores in the United States; all you have to do is find the stores closest to you and get the supplies you need.
The History of OfficeMax
A company’s history offers valuable lessons and it’s interesting to find out about a company’s original operations, how it has changed, and the challenges during the startup phase.
Have a look at the selection below to understand more about the history of OfficeMax.
This section focuses on the people that started the company. You can gain insights into their goals, ideas, foresight, and how they started the company. Many founders have interesting stories and experiences related to starting their business and the challenges they faced, as well as what they did to overcome those challenges.
Have a look at the following resources included in this post related to the founders.
In the executive section, you’ll find information related to the management of a company. Management decisions are an important role in a company’s success. It’s not luck that makes a company successful, but planning, strategy, and leadership.
Have a look at the selection below for information related to the executives of OfficeMax.
The OfficeMax Mission Statement
A mission statement helps a company stay on track and focus on its goals, culture, and ensures everyone is on the same page.
A mission statement is for company employees as well as the public. It’s usually a broad description of the company’s focus and activities.
A company’s mission statement is the company’s public face, and it is commonly used in marketing materials.
Below are the resources I have included related to the mission statement of OfficeMax.
OfficeMax Divisions And Subsidiaries
The division of a company is a part of a business entity. In other words, even if a division operates under a different name it’s still part of the entity.
A subsidiary is an entirely different company, usually owned by a larger company.
Have a look at the resources for OfficeMax subsidiaries and Divisions.
Facts About OfficeMax
In this section, you’ll find facts about the company. I like going through the facts because in a page or two you can learn a lot about the company and if you find something that’s really interesting you can dig deeper.
Have a look at the resources below included in this post related to OfficeMax facts.
OfficeMax Reports And Financial Statements
In this section, you can find out information such as the company’s profits, losses, net worth, liabilities, shares, owner’s equity, etc. that is available to the general public.
Have a look at the resources included below.
The Main Competitors of OfficeMax
This section focuses on direct and indirect competition for OfficeMax. Competition is good, it drives innovation. If it wasn’t for competition businesses wouldn’t have to try so hard for your business. Competition makes managers and company owners come up with better ideas for products and services while providing the best prices they can.
Below you can browse through the resources related to the main competition for OfficeMax.
Target Market & Marketing Strategies
This section focuses on the target market and the marketing strategies used. Just as above targeting is an important process and without it your focus will be too broad and you won’t be able to zero in on the right marketing techniques.
The marketing strategy used by a company can make or break it. The right strategy can make millions while a poor marketing strategy can end up in bankruptcy.
Products & Services Offered By OfficeMax
This section offer resources related to core products and services offered by OfficeMax. Many large corporations have a large variety of products and services. Some companies are so large and complex that they deal in a variety of industries that operate on a global level, which is known as conglomerates.
Have a look at the resources below for products and services offered by OfficeMax.
OfficeMax Employee Relations
In this section, you can find resources related to the employees of OfficeMax such as job satisfaction, labor relations, the number of employees, etc.
The Latest About OfficeMax
In this section, you’ll be able to stay up to date on the latest information related to OfficeMax including the latest news, Google searches, videos, what people are tweeting, and more.
I recommend spending some time on the news, tweets, that can offer up-to-the-minute information about OfficeMax.