{"product_id":"americas-corner-store-isbn-9780471426172","title":"America's Corner Store","description":"Praise for America's Corner Store\u003cbr\u003e \u003cbr\u003e \"Who would have thought the story of a drugstore chain could encompass so much vital and fascinating American history? With superb storytelling skills, John Bacon gives us a vivid and insightful chronicle of matters both large and small, from the birth of the milkshake to the rise of America's consumer culture. America's Corner Store is a genuine treat.\"\u003cbr\u003e -James Tobin\u003cbr\u003e the National Book Critics' Circle--Award winner, and author of To Conquer the Air: The Wright Brothers and the Great Race for Flight\u003cbr\u003e \u003cbr\u003e \"Run the business with your head. Lead the family with your heart. Walgreens' history is filled with good values, strong principles, and immense courage. A family business classic.\"\u003cbr\u003e -Howard \"Howdy\" S. Holmes\u003cbr\u003e President and CEO, \"Jiffy\" Mixes\u003cbr\u003e \u003cbr\u003e \"John Bacon has crafted a thorough, insightful, readable, and fascinating account of the development of Walgreens: one of the world's most compelling examples of the creation of shareholder value in conjunction with good corporate governance... all in a company run in a highly unique fashion as a 'family' business. As the store that everyone knows, Walgreens has become the envy of corporate America and the darling of shareholders, consistently producing investor returns that place it at the very top among its peers. This book will be required reading in my private equity class at Michigan Business School.\"\u003cbr\u003e -Professor David Brophy\u003cbr\u003e Director, Center for Venture Capital and Private Equity Finance, University of Michigan Business School \u003cp\u003ePreface ix\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 From Humble Beginnings 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Apple and the Tree 1\u003c\/p\u003e \u003cp\u003eSweet Home Chicago 7\u003c\/p\u003e \u003cp\u003eThe State of the Profession 14\u003c\/p\u003e \u003cp\u003eWalgreen Does Chicago 22\u003c\/p\u003e \u003cp\u003eTo Live and Almost Die in Cuba 25\u003c\/p\u003e \u003cp\u003eWalgreen Returns 27\u003c\/p\u003e \u003cp\u003eThe Most Important Merger 30\u003c\/p\u003e \u003cp\u003eDiving In—Together 37\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 The Start of Something Special: 1910–1929 43\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOn His Own 43\u003c\/p\u003e \u003cp\u003eThe Secrets of the Second Store 44\u003c\/p\u003e \u003cp\u003eI Scream, You Scream 47\u003c\/p\u003e \u003cp\u003eThe Hot Lunch Program 48\u003c\/p\u003e \u003cp\u003eCultivating Leaders 50\u003c\/p\u003e \u003cp\u003eGrowing Like Topsy 52\u003c\/p\u003e \u003cp\u003eThe Pepper Pod 55\u003c\/p\u003e \u003cp\u003eSteppin’ Out 59\u003c\/p\u003e \u003cp\u003eChicago in the Roaring Twenties 61\u003c\/p\u003e \u003cp\u003eOn the Lighter Side 65\u003c\/p\u003e \u003cp\u003eFundamental Values 69\u003c\/p\u003e \u003cp\u003ePutting Out Fires 71\u003c\/p\u003e \u003cp\u003eThe Walgreen Creed 74\u003c\/p\u003e \u003cp\u003eThe Knight Report 75\u003c\/p\u003e \u003cp\u003e“Absolute Dominance” 82\u003c\/p\u003e \u003cp\u003eIf They Can Make It Here 83\u003c\/p\u003e \u003cp\u003eRead All about It 86\u003c\/p\u003e \u003cp\u003eChain Fight 88\u003c\/p\u003e \u003cp\u003eThe Good Life 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Nothing to Fear: 1929–1945 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFacing Fear Itself 95\u003c\/p\u003e \u003cp\u003eBetter Days Are Coming 96\u003c\/p\u003e \u003cp\u003eHelping the Mom-and-Pop Shops 101\u003c\/p\u003e \u003cp\u003eWalgreens’ Own: From Coffee to Corn Remover 105\u003c\/p\u003e \u003cp\u003eGetting the Word Out 109\u003c\/p\u003e \u003cp\u003eDamn the Depression, Full Speed Ahead! 111\u003c\/p\u003e \u003cp\u003eFinding Time for Fun 117\u003c\/p\u003e \u003cp\u003eThe Son Also Rises 119\u003c\/p\u003e \u003cp\u003eThe Accidental Benefactor 122\u003c\/p\u003e \u003cp\u003eCharles’s Demise 126\u003c\/p\u003e \u003cp\u003eDefusing a Palace Coup 129\u003c\/p\u003e \u003cp\u003eThere’s a War On 134\u003c\/p\u003e \u003cp\u003eWhere Everyone Meets 137\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 The Postwar Era: 1945–1970 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Power Era 139\u003c\/p\u003e \u003cp\u003eMergers and Acquisitions 141\u003c\/p\u003e \u003cp\u003eAll Power to the Pharmacist 144\u003c\/p\u003e \u003cp\u003ePartners in Health 145\u003c\/p\u003e \u003cp\u003eBattling the Bargain Stores 149\u003c\/p\u003e \u003cp\u003eThe Self-Service Revolution 151\u003c\/p\u003e \u003cp\u003eThe Shopping Center Is Born 159\u003c\/p\u003e \u003cp\u003eThe Four-Way Test 161\u003c\/p\u003e \u003cp\u003eChuck’s Legacy 163\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Reinventing the Corporation: 1970–1990 167\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eState of the Company 168\u003c\/p\u003e \u003cp\u003eLooking for a Few Good Men 171\u003c\/p\u003e \u003cp\u003eWalgreen’s Wingman 174\u003c\/p\u003e \u003cp\u003eThe Turn-Around Team 177\u003c\/p\u003e \u003cp\u003eKilling Off Their Little Darlings 182\u003c\/p\u003e \u003cp\u003eThe Systems behind the Smiles 187\u003c\/p\u003e \u003cp\u003eWalgreens Goes High-Tech 189\u003c\/p\u003e \u003cp\u003eVindication 191\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Poised to Pounce: 1990–Future 193\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“This Is Dan Jorndt, How May I Help You?” 193\u003c\/p\u003e \u003cp\u003ePlain and Proud of It: The Anti-Enron 197\u003c\/p\u003e \u003cp\u003eGetting the Right People Ready 207\u003c\/p\u003e \u003cp\u003eA Good Corner Is a Good Corner 211\u003c\/p\u003e \u003cp\u003ePassing the Torch 215\u003c\/p\u003e \u003cp\u003eHello, My Name Is Dave 217\u003c\/p\u003e \u003cp\u003eConstant Competition 220\u003c\/p\u003e \u003cp\u003eWalgreens’ Advantages 223\u003c\/p\u003e \u003cp\u003eThe Future Is Now 224\u003c\/p\u003e \u003cp\u003eAppendix A\u003c\/p\u003e \u003cp\u003eWalgreens Financial Facts 227\u003c\/p\u003e \u003cp\u003eAppendix B\u003c\/p\u003e \u003cp\u003eHistoric Highlights 229\u003c\/p\u003e \u003cp\u003eNotes 233\u003c\/p\u003e \u003cp\u003eIndex 249\u003c\/p\u003e JOHN U. BACON has written on a wide variety of subjects for Time magazine, Fortune magazine, and the New York Times, among other publications, earning several national honors for his work. A former feature writer for the Detroit News, he has also authored Blue Ice: The Story of Michigan Hockey, ghost-written several business bestsellers, and currently hosts a weekly radio show. He lives in Ann Arbor, Michigan.   America’s Corner Store is the fascinating story of Walgreens, the most successful drugstore chain in the United States. From its founding as a family-run store in Chicago in 1901, Walgreens has grown into one of the largest food and drug retailers in the world. With more than 3,600 stores nationwide and the 6,000th scheduled to open by 2010, Walgreens has managed to survive and even thrive when other, better-known competitors, have not–earning regular spots on Fortune magazine’s lists of most admired and best performing companies.  \u003cp\u003eThe story of Walgreens’ remarkable rise to the top is one of grit and gumption, talent and tenacity, and an unfailing commitment to old-fashioned down-home values. Written in an engaging and highly readable style, this book offers both a colorful slice of Americana and a compelling corporate profile, expertly interweaving personal anecdotes with historic and economic insights.\u003c\/p\u003e \u003cp\u003eIn addition to such popular creations as the milkshake, Walgreens pioneered an impressive list of cutting-edge innovations including self-service shopping, economical store brands, the drive-through pharmacy, one-hour photo developing, and computerized prescription services.\u003c\/p\u003e \u003cp\u003eBut according to author John Bacon, it was Walgreens’ dogged adherence to fundamental values that helped the company survive depressions, recessions, boom times, and wars, while countless competitors have closed their doors. Walgreens’ success is based on a commitment to bedrock business principles and sound decision-making, such as:\u003c\/p\u003e \u003cul\u003e \u003cli\u003ePutting the pharmacy first, long before it became a big profit center\u003c\/li\u003e \u003cli\u003eHiring employees based on their character, not resumes\u003c\/li\u003e \u003cli\u003eRecognizing performance by promoting from within\u003c\/li\u003e \u003cli\u003eTreating employees like family\u003c\/li\u003e \u003cli\u003eMaking customers feel like welcome guests\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eBusiness readers and consumers alike will enjoy learning how superb management, modern merchandising, innovative store design, fair pricing, outstanding customer service, and an exceedingly high-quality pharmacy have fueled Walgreens’ astounding growth and continued success.\u003c\/p\u003e  Praise for America’s Corner Store  \u003cp\u003e\"Who would have thought the story of a drugstore chain could encompass so much vital and fascinating American history? With superb storytelling skills, John Bacon gives us a vivid and insightful chronicle of matters both large and small, from the birth of the milkshake to the rise of America’s consumer culture. America’s Corner Store is a genuine treat.\"\u003cbr\u003e –James Tobin\u003cbr\u003e the National Book Critics’ Circle—Award winner, and author of To Conquer the Air: The Wright Brothers and the Great Race for Flight\u003c\/p\u003e \u003cp\u003e\"Run the business with your head. Lead the family with your heart. Walgreens’ history is filled with good values, strong principles, and immense courage. A family business classic.\"\u003cbr\u003e –Howard \"Howdy\" S. Holmes\u003cbr\u003e President and CEO, \"Jiffy\"® Mixes\u003c\/p\u003e \u003cp\u003e\"John Bacon has crafted a thorough, insightful, readable, and fascinating account of the development of Walgreens: one of the world’s most compelling examples of the creation of shareholder value in conjunction with good corporate governance... all in a company run in a highly unique fashion as a ‘family’ business. As the store that everyone knows, Walgreens has become the envy of corporate America and the darling of shareholders, consistently producing investor returns that place it at the very top among its peers. This book will be required reading in my private equity class at Michigan Business School.\"\u003cbr\u003e –Professor David Brophy\u003cbr\u003e Director, Center for Venture Capital and Private Equity Finance, University of Michigan Business School\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988717879525,"sku":"NP9780471426172","price":34.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471426172.jpg?v=1761781314","url":"https:\/\/k12savings.com\/es\/products\/americas-corner-store-isbn-9780471426172","provider":"K12savings","version":"1.0","type":"link"}