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Iron Mountain Case Study

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Everyday someone has devised a new idea and every day that someone hopes to enlist his beliefs into a new business, but every business idea begins with solving a common problem among society. The larger the problem, the larger the opportunity some succeed and some fail. Over the last year the ranks of U.S. companies grew with a total of 92 being traded through the stock exchange, totaling in an extreme number of 5,008 listed companies at year end, according to the data provided by the World Federation of Exchanges Trade Association. Although small it’s still a rise marking the recovery of the U.S. economy and growth of revenue. Granted a common problem is the foundation a business is built on; customers are definitely its greatest assets regardless of the product its only as superb as the customers they keep. Most of the time a business handles personal information belonging to their customers, also holding their own information whether it be …show more content…

However, during the downfall the rate at which customers wanted records destroyed increased dramatically and customers were willing to incur more for short-term services. Iron mountain seems to believe this problem resulted from high unemployment rates and less activity from businesses, impacting their net volume growth negatively. Together with the downfall Iron Mountain suffered from loss of land on owned and leased properties due to environmental matters. Some of them were previously used by entities for industrial purposes that involved the use, storage and generation of hazardous substances or waste. Unable to conduct in-depth environmental studies on all their properties they found themselves liable for environmental cost and unable to sale, rent, mortgage or use some

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