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4 Every major strategic and operational move should be evaluated with regard to its Endgames impact The value of a merger or acquisition will be found in the increased competitiveness of the combined entity, the resulting increase in shareholder value, and the move up the Endgames curve The value of a merger should not be measured by the size of investment bankers fees The value of a merger or or CEO reward fees In fact, shareholders should acquisition will be found in the increased competibe suspicious of acquisitions that enrich the tiveness of the combined CEO with multi-million dollar bonuses entity, the resulting increase in shareholder And strategic moves supporting a growth value, and the move up strategy, such as entering into operational the Endgames curve alliances or financial partnerships or expanding into new global markets, should be measured with the same gauge How do they affect the company s competitiveness and its Endgames position The case of the 150-year-old German construction company, Philipp Holzmann, is instructive Through the 1970s and 1980s, Holzmann went on a worldwide expansion spree, acquiring local companies in many countries Minus a strong underlying strategy, the company never progressed beyond Stage 2 In the late 1990s, with Holzmann approaching insolvency, Chancellor Gerhard Schroeder came to the rescue He offered Holzmann s creditor banks 250 million marks (US$130 million) of state money and persuaded banks to put up more than 200 million marks in additional funds to save the company Later, the company s major bank shareholder sold off large portions of Holzmann stock to competitors Insolvent again, Holzmann filed for bankruptcy in 2002 The seemingly herculean effort to save this grand old company was futile because the Endgames impact of its restructuring was not taken into account 5 Endgames positioning offers a guide for portfolio optimization Companies should strive to optimize their aggregate portfolio of subsidiaries and business units across the different Endgames stages It is important for the senior management team and Board of Directors of each company to continuously assess their portfolio of industries and subindustries to ensure that they are positioned for future growth along the Endgames curve.



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11:

You can configure printing options in the Printing Preferences dialog box. For some printers, advanced options are available. Refer to the documentation provided with your printer for a list of these additional features. To access Printing Preferences

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In the Print dialog box, click the Preferences button of the program you used to create the document.





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Printing Preferences settings are maintained across different documents, so you can establish a standard output for all documents. Printing Preferences determine default print job settings, but you can override these defaults in the Print dialog box. Using the Printing Preferences dialog box, each user can set different preferences for a printer. Because printing preferences are preserved for each user, preferences do not need to be reset each time the printer is used. Using the Printing Preferences dialog box, you can print in reverse order, print multiple pages on a single page, or specify the number of copies to be printed. Windows XP Professional supports printing up to 9999 copies of a document in one print job. For more information about Printing Preferences, see Windows XP Professional Help and Support Center. Note

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The level of access to a print job queue depends on a user s security permissions as shown in Table 11-1. Users working with print queues include two groups:

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Administrative users have Manage Printers and Manage Documents permissions. They have wide control over how the printer operates regardless of where the print job originates. General users have Print permissions to view general printer information and to manage the documents that they send to the printer. They cannot control other users print jobs.

Part II:

urbs, the freestanding general merchandise discount store came into its own Kmart evolved from the five- and 10-cent chain SS Kresge Target Stores were spawned by department store chain Dayton s as an off-price entry into what appeared to be a logically emerging market segment And last but not least, in 1962, former JC Penney employee Sam Walton opened, in a small town in Arkansas, the first store of what has become the largest and most successful retailer in the world, Wal-Mart Soon, discount stores swept the retail landscape, not just in America, but also in some European countries, and then globally as well (Carrefour and Hypermarch in France, Tesco in the United Kingdom, and Wing On in Hong Kong, to name a few) These stores led first by Kmart and now by Wal-Mart are fully into the Focus Stage Of the many regional chains that were spawned by the discount stores during Scale Stage, most of the regional ones have failed, including Lucky Stores, Treasury (Penney s attempt), Fedmart, Gibson, Howard, Venture, Gold Circle, and Caldor These chains all followed essentially the same model through the Opening Stage and rapidly grew to what they thought was Scale Stage They soon fell to the behemoths as they discovered that their understanding of Scale Stage was flawed This lesson is useful as it is repeated often in other industries (including automotive and heavy industry) Conversely, aggressive discount retailers such as Wal-Mart recognized the risk of a one-size-fits-all approach and experimented These chains found which merchandise categories would fit, compete well, and survive in their store assortments and which didn t Freestanding drugstore chains such as Walgreen s and its next competitor, CVS, are establishing beachheads against large general merchandise leaders such as Wal-Mart and Target By setting up shop at busy intersections and making the old drugstore a combination drug, convenience, food services, and mini-discount store they are attracting shoppers who do not want to traverse huge parking lots and 100,000+ square foot discount stores to find a few items This is classic Focus Stage behavior of the trading players mode but in this place it is trading customers Kmart has already fallen into 11 The company is exhibit-.

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