First some background. You probably know of Dunder Mifflin from the wildly successful reality TV show on NBC which follows the daily, sometimes embarrassing interactions of the
Scranton branch of one of the fastest growing paper products companies in the U.S.
Despite compelling newer technologies, Dunder, founded in 1949, continues to thrive by selling more and more paper to corporate
. In 2009, even though Michael had several near-mutinies, he was able to grow sales by over 30% with smaller headcount than in 2008. America
ECM: So Michael, thanks very much for agreeing to this interview. We are hearing about your company’s success because our industry, ECM, claims to be reducing paper usage, and yet there you are growing sales by 30%. What do you attribute this success to?
Michael: Well, let me first say that my office is much more spacious and luxurious than this dump. I’m even thinking about some walnut paneling, just because, you know, I’m kind of a big deal.
ECM: Er, well of course, but our readers are very keen to know why so many of your customers continue to pay for vast quantities of paper while they are at the same time investing significantly to drive content to the web?
Michael: Maybe they’ve realized that by using paper they perpetuate the whole circle of life thing. Check out our website, buddy. For each and every metric ton of paper we ship, we plant a little tree: http://www.dundermifflin.com/think_green/.
ECM: Yeah, and we love the tagline: Dunder Mifflin, Green as We Have To Be.
Michael: You bet, that was my touch.
ECM: So, can you also tell us a little about any competitive pressures you are feeling either from other paper companies, or from disruptive technologies like online reporting or eStatement delivery?
Michael: Doug, it is our expert opinion that paper is a treasure handed down from the Greeks, and that sure, you can present the information online, but there will always be customers that demand to have the good old papyrus, just because, you know, it’s in their DNA.
ECM: I think we’ll leave that one alone, but we do agree that even though online information delivery is exploding, financial institutions in particular are loathe to take anything away from a profitable customer, even charging $2 per month for paper is not worth it to some banks – they are afraid of a backlash.
Michael: Speaking of backlash, I’m still waiting for the question, Doug. My limo downstairs is burning high octane…
ECM: Of course, well, just one more question then. As Gen Y starts to earn the big bucks, don’t you think paper will go the way of the transistor or microfiche? I mean, what’s your exit plan?
Michael: Well, I don’t want to give away any secrets here, but first, the show has made us all stars. Did you know that the paparaz have started showing up at the branch lately? And, as for the paper biz, I think if I were you, I’d buy more stock, symbol MIFF. We are a micro cap and we are kicking butt.
ECM: Thanks very much Michael, it has been a pleasure interviewing you and learning some of your thoughts, but just one more question, just for fun?
Michael: Always here for the fans – what do you got?
|Paper Tiger - Michael Scott|