????最后，讓我們來(lái)看看史泰博的財(cái)務(wù)情況：史泰博手里握有13億美元的現(xiàn)金，因此給了它比直接競(jìng)爭(zhēng)對(duì)手更大的緩沖空間,。但是在未來(lái)的幾年里，即便有這樣一筆儲(chǔ)備,，也無(wú)法抵擋它的業(yè)務(wù)模式承受的壓力,。

????如果史泰博大膽剝離零售業(yè)務(wù)，轉(zhuǎn)攻增值服務(wù)領(lǐng)域,，那么它或許能夠創(chuàng)造一個(gè)利潤(rùn)更高的業(yè)務(wù),。這樣做雖然在短期很艱難,，但卻能避免公司發(fā)展陷入停滯,。不過(guò)，目前史泰博的管理團(tuán)隊(duì)還面臨著不小的季度財(cái)務(wù)壓力,，史泰博能否像亞馬遜的杰夫?索貝斯一樣,，勇于頂住短期壓力，推行長(zhǎng)期計(jì)劃,？為了股東的利益,，希望如此吧。

????本文作者杰克?希德瑞是一位初創(chuàng)公司投資人,，也是Dice.com的共同創(chuàng)始人和前任CEO,。

????譯者：樸成奎

????Finally, let's look at the financial picture: Staples has $1.3 billion on hand which gives it a far bigger cushion than its direct competitors. But even this reserve will not be able to withstand the pressure on its business model in the coming years.

????If Staples takes aggressive moves to shed retail outlets and move into value-added services it may be able to create a higher-margin business. This will require a clear conversation with the Street, which, while difficult in the short-term, will save the company from stagnation. Given the quarterly pressure on management teams today, however, will Staples have the stomach Jeff Bezos has for implementing long-range plans in the face of short-term challenges? For shareholders' sake let's hope so.

????Jack Hidary is a startup investor and co-founder and former CEO of Dice.com (DHX). Send Jack comments @jackhidary.