They matched the tremendous growth in disposable

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Unformatted text preview: l) Provided agricultural scholarship funds Finance community improvement Requires store managers to take prominent social and charitable roles in their community Jim Love ADMS 1010 30 Wood If our democracy is to survive , every businessman has to take his social responsibili=es, his du=es as a ci=zen more seriously, has to devote more =me and thought to these responsibili=es and du=es. By 1952 – Sears was the world’s largest retailer. Fall 2012 Jim Love ADMS 1010 31 Joint Venture •  Wood first ignores Canada as “too small” focusing instead on La=n America, Central and South America •  Writes to Burton •  Pushes the deal through against opposi=on in his own company Fall 2012 Jim Love ADMS 1010 32 The Deal Five Simpson’s stores remain independent Simpson’s- Sears is a 50/50 joint venture Cannot locate within 25 miles of a Simpson’s store 85% of the goods sold in the new company were to be produced in Canada •  Purchasing is to be done the “Sears way” and all buyers trained in the “Sears method” (versus Eaton’s store manager autonomy) •  Profit sharing in this public company (versus Eaton’s private ownership and wage focus) •  •  •  •  “The only way to make capitalism work...
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