Maps Out a Trip to a Digital Future By Karla Bohn

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Presentation transcript:

Maps Out a Trip to a Digital Future By Karla Bohn Rand McNally Maps Out a Trip to a Digital Future By Karla Bohn

Case Summary Company Information Started in 1956 by William Rand & Andrew McNally Started printing maps in 1916 1999 – Sold 46 million maps 1999 – 46,000 outlets including 29 of its own stores

Problems Did not understand full impact of Internet Failed to maintain its leadership and pioneering spirit Unwilling to take risks

New Strategy 1999 – Richard Davis new CEO Put Rand McNally maps on-line Transform Rand McNally from a map company into a travel planning and advisory service

New Strategy cont. Create auto club “Plan a Trip” section to Website Entered GPS market

Rand McNally Today Headquartered at Skokie, Illinois More than 50,000 retail outlets Business – All 50 States & Canada Distribute to 98% of U.S. schools CEO – Robert Apatoff Majority owner – Leonard Green & Partners, LLC

Tag Line Rand McNally … the most trusted name on the map.

Products Consumer Products Rand McNally Canada Educational Products Commercial Trucking Products Promotional Products Wireless Solutions Online Business Locator

Competition AAA MapQuest.com, Inc. Langenscheidt Publishers, Inc. Compagnie Générale des Établissements Michelin Tomtom Meliovation

Recommendations Enter the world market Improve wireless solutions StreetFinder & TripMaker – Add Travel Website links Worldwide trip research & planning Free downloadable travel updates Money back guarantee