Strategy board games at Borders bookstore

The Borders Tale: What Goes Around Comes Around

Porter's Five Forces ModelDon’t you remember places like Ryan’s Little Shop on the Corner, where you could talk to someone who knew every book and would happily fill your order within the week? We got our answers and stole away to find the book we needed cheaper– and in-stock– at Borders, B&N, or — just as likely — at Wal-Mart.

But as Ryan’s shop keeper might say, what goes around comes around. Just this week, Mike Edwards, the President of Borders announced that the company would enter Chapter 11 Bankruptcy. Battered by poor sales, continuing financial losses and heavy debt, the company will close about 200 of its 642 remaining stores and lay off about 6, 000 of its 19, 000 workers.

At its peak in 2003, Borders operated 1, 249 stores under the Borders and Waldenbooks names, but now it will soon prune itself down to a third of that number. Its annual revenue has fallen by about billion since 2006, the last year it reported a profit.

Meg Ryan's book store from You've Got Mail“You’re at war, ” Hanks told Ryan. “’It’s not personal, it’s business. It’s not personal it’s business.’ Recite that to yourself every time you feel you’re losing your nerve. I know you worry about being brave, this is your chance. Fight. Fight to the death.”

This week, Borders announced it was losing the war. Citing reduced customer spending and a lack of liquidity, Edwards says the company “does not have the capital resources it needs to be a viable competitor and which are essential for it to move forward with its business strategy to reposition itself successfully for the long term.”

Strategic Thinking

Let’s turn to Michael Porter’s Five Forces model to understand betwixt which rocks and hard places Borders now finds itself. Porter recently wrote that “ In essence, the job of the strategist is to understand and cope with competition. Often, however, managers define competition too narrowly, as if it occurred only among today’s direct competitors. “ In addition to the competitive forces evident in today’s competitive landscape, Porter stresses the importance of the additional four “forces, ” as shown in the graphic below.

Competitors: Borders has effectively conceded the brick and mortar book market here in Chapel Hill to Barnes & Noble. To get our big box book fix, we Tarheels will have to drive an additional four miles east toward a B&N in Durham, or a bit south toward Cary to the B&N sitting just outside the megamall. For commoditized best sellers, we’ve got plenty of options at Wal-Mart, Target, and the grocery store. And of course, we’ll always have Amazon! And the Kindle. And the Nook. And whatever else Steve Jobs is up to…

Barnes & Noble entered the on-line sales in time to play second banana to Amazon. Borders didn’t open an online store until 2008. Too little too late. Big-box bookstores have struggled, as more people buy books online, in electronic form, or at grocery stores or discounters such as Wal-Mart


Spin Master Games Stratego Board Game
Toy (Spin Master Games)
  • The Ultimate Strategy Game for 2 Players
  • Futuristic Battle Theme
  • Classic Strategic Game Play
  • Easy, Out of the Box Play
  • Includes: 30 Red Army Pieces, 30 Blue Army Pieces, 1 Battlefield Game Board, 1 Red Label Sheet, 1 Blue Label Sheet, 2 Storage Bags, 1 Instruction Sheet

He loves...

by valley_chick

Skyrim and those multiplayer games (he is a gamer).
He loves steak and A1 sauce.
He loves me (or so he says lol)
He loves board/strategy games (we go to a meetup for board games frequently).
He loved his fantasy football team.
Like I said- he's a simple guy. Spends his time playing his video games, at work, watching TV/movies with his mom at home or with me.
See why it's hard? lol

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FAQ

avatar
What is the best strategy in the game stratego?

Keep the identity of your Spy a secret for as long as you can. If your opponent correctly guesses the location of your Spyetc.

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