Free Essays on K-Mart

Anne Foss October 8, 2004 MT 460 01 Management Policy and strategies Lesson Project 1 K-mart Kmart was founded in 1899, it was known as the SS Kresge store. In 1912 the firs was incorporated and had 85 stores with sales of $10,325,000. Next to Woolworth’s it was the largest variety chain. In 1957 Harry Cunningham became General Vice President. In 1962 the first K-Mart was opened as a one-stop shopping unit. It was where you could by a variety of goods at closeout prices. Its weakness is when they tried to venture into other types of business and they spread themselves to much. This is where K-mart made one of their worse decisions in business. They realized expanding this way would not work. The only thing that they could do is to expand and improve their own stores. In 1990 K-Mart started to reverse their strategy, so they refurbished, expanded stores, on lifestyle departments, merchandising, and more capital investment in retail. Page 2 It was a $2.3 billion dollar program, which involved all stores. K-Mart senior executive was to get others to recognize that nothing is good forever. â€Å"good-planning† =getting involved, â€Å"poor-planning†=done by those who don’t recognize it and when they do it is too late. Their management believed they were successful in stratagy planning. Then in 1993, disappointment came. There was a loss of $974 Million in sales of $34,156,000 for the fiscal year ending January 26, 1994. The structure of K-Mart to me is one of pricing their products for the low to middle class of people. Then they tried to restructure their company and expanded to other business, which in turn did not measure out and had a severe loss of profits. K-Mart should go right back to their basic structure from the beginning. I would highly recom... Free Essays on K-Mart Free Essays on K-Mart Anne Foss October 8, 2004 MT 460 01 Management Policy and strategies Lesson Project 1 K-mart Kmart was founded in 1899, it was known as the SS Kresge store. In 1912 the firs was incorporated and had 85 stores with sales of $10,325,000. Next to Woolworth’s it was the largest variety chain. In 1957 Harry Cunningham became General Vice President. In 1962 the first K-Mart was opened as a one-stop shopping unit. It was where you could by a variety of goods at closeout prices. Its weakness is when they tried to venture into other types of business and they spread themselves to much. This is where K-mart made one of their worse decisions in business. They realized expanding this way would not work. The only thing that they could do is to expand and improve their own stores. In 1990 K-Mart started to reverse their strategy, so they refurbished, expanded stores, on lifestyle departments, merchandising, and more capital investment in retail. Page 2 It was a $2.3 billion dollar program, which involved all stores. K-Mart senior executive was to get others to recognize that nothing is good forever. â€Å"good-planning† =getting involved, â€Å"poor-planning†=done by those who don’t recognize it and when they do it is too late. Their management believed they were successful in stratagy planning. Then in 1993, disappointment came. There was a loss of $974 Million in sales of $34,156,000 for the fiscal year ending January 26, 1994. The structure of K-Mart to me is one of pricing their products for the low to middle class of people. Then they tried to restructure their company and expanded to other business, which in turn did not measure out and had a severe loss of profits. K-Mart should go right back to their basic structure from the beginning. I would highly recom...

How to Fix a Dried out Sharpie

How to Fix a Dried out Sharpie A Sharpie is a great permanent marker, but its prone to drying out if you use it a lot or dont seal the cap perfectly. You cant wet the pen with water to get the ink flowing (a tip that works for water-based markers) because Sharpies rely on organic solvents to dissolve the ink and make it flow. So, before you throw out dead, dried-out Sharpies or other permanent markers, try this tip: Sharpie Rescue Materials 91% Rubbing AlcoholDried Out Sharpie Pen Permanent markers contain organic solvents, which are notoriously bad about evaporating away before you get a chance to use all of the ink. To rescue a dried pen, you need to replace the solvent. The easiest option is to use rubbing alcohol. If you can find 91% or 99% rubbing alcohol (either ethanol or isopropyl alcohol), those will be your best bet for fixing your marker. If you have access to other chemicals, you could also use another high-proof alcohol, xylene, or possibly acetone. You probably wont have great success with rubbing alcohol that contains a lot of water (75% or lower alcohol). 2 Easy Ways To Save a Sharpie There are two quick and easy ways to fix a dried Sharpie. The first is for emergency use, when you dont need a lot of ink or for the pen to last forever. Simply pour a bit of alcohol into a small container or the pen cap and soak the tip of the Sharpie in the liquid. Leave the pen in the alcohol for at least 30 seconds. This should dissolve enough ink to get it flowing again. Wipe any excess liquid off the nib of the pen before using it or else the ink could be runny or paler than usual. A better method, which makes the Sharpie good as new, is to: Grasp the pen in your hands and either pull it open or use pliers to separate the two parts of the pen. Youll have a long portion that contains the pen and pad that holds the ink and the back portion that basically keeps the Sharpie from drying out when its capped or spilling ink on your hands when you write.Hold the writing part of the pen down, as if you were going to write with it. Youre going to use gravity to feed the new solvent into the Sharpie.Drip 91% alcohol (or one of the other solvents) onto the ink pad (same piece, but opposite side of the writing part of the pen). Continue adding liquid until the pad seems saturated.Put the two pieces of the Sharpie back together again and cap the Sharpie. If you like, you can shake the pen, but it doesnt really make a difference. Allow a couple of minutes for the solvent to completely saturate the pen. The solvent needs a bit of time to work its way into the nib of the pen, but you dont need to wet the writing part to get the ink flowi ng. Uncap the Sharpie and use it. It will be good as new! Just remember to recap the pen tightly before storing it for future use or youll be back to square one again.