Business Services Industry
History lesson: Spuds for life.(Focus: Small Business)(Brief Article)
Crain's Chicago Business, November, 2004 by Gersdorff, Sascha de
Byline: Sascha de Gersdorff Legend has it that one of the largest, most lucrative business partnerships was sealed with a handshake. In 1965, McDonald's boss Ray Kroc and potato potentate J. R. Simplot shook on a simple but risky deal: Mr. Simplot would build a frozen french fry factory-a novelty at the time-solely to supply McDonald's.
Before joining forces, McDonald's received frozen fries from more than 100 suppliers, and Boise, Idaho-based J. R. Simplot Co. had myriad smaller customers nationwide. It's difficult to say which party benefited most from that historic handshake. McDonald's Corp. has sold a lot of french fries over the years. According to Forbes magazine Mr. Simplot's empire today is worth $2.3 billion. Simplot today has half of McDonald's...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express