Shurgard Self-Storage Assignment Example | Topics and Well Written Essays - 250 words

Shurgard Self-Storage - Assignment ExampleA Shurgard store could be run by one manager and two employees. The business could break change surface with a 35% occupancy rate. The normal occupancy rate of the business is 85%. When the company opens up a spick-and-span store it usually takes about two years for the new business building block to reach normal occupancy rates.b.The growth of the company in Europe has been slow. The company was handicapped in its ability to expand due to lack of financing resources available. European banks thought there was no pauperism in Europe for rental storage space. The company found an investor which helped the firm open up its low three stores. The company had by 1999 12 stores in Europe. The market acceptance was slow, but Europeans seemed to have the very(prenominal) tendencies of Americans of desiring store space to rent. One of the problems in Europe for the company was that the overhead costs were higher. The labor laws were unlike in th e various European countries. The firm needed a new management teams for each new country, while in the United States the firm would use regional managers for its executive managerial functions. c. I appreciate that the original project to expand into Europe was a good initiative that needed to be tested. So far the company has invested with its partners over 120 million in Europe. It needs a lot more(prenominal) money to achieve the phase II expansion plans.