Century Business Services, Inc. (CBIZ)There are many means for an organization to utilize internal growth strategies. In comparing similar circumstances that occurred in the Lester scenario, Century Business Services, Inc. (CBIZ) not only changed direction of the organization, they moved into an entirely different industry. Until 1995, CBIZ existed as a solid and hazardous waste company. In 1995, CBIZ undertook a major overhaul of the organization's service offerings and began exploring the fields of diversified holdings, looking to the fields of electronic security, car rentals, and sales and in 1996 adding insurance to their portfolio. "Since becoming a provider of outsourced busin ...view middle of the document...
Nike is a world wide organization with sales in excess of $9.5 billion annually. The acquisition of Hurley's infinitely smaller revenue of only $70 million annually would not bring great wealth to either organization, but this merger allowed each of the organizations to join forces to build products outside their specific field. Hurley had struggled for years with the idea of entering the shoe industry. Nike possessed the capacity to make this venture success. Nike's benefit from this merger would be the additional of an already popular surf wear distributor. Tom Clarke, Nike's President of New Business Ventures was quoted saying, "Our partnership with Hurley is the right choice because Hurley is a strong brand that is uniquely positioned in the marketplace and relevant to a broad group of teen consumers" (Transworld, 2002). This acquisition was able to offer mutual benefits to the financial stability and market capacity of both corporations to directly benefit from the merger.In comparing and contrasting the concepts used in ...
