A Report On Dick Smith Holdings Essay

A Report On Dick Smith Holdings Essay

Length: 1520 words (4.3 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview

Dick Smith Holdings had a good run in the electronics business for more than 45 years but the glory didn’t last forever. The business, name, glory all came crashing down at once due of the costs of the action of Anchorage Capital Partners. So now they say, “If you want to run out of business, simply go to Anchorage Capital Partners”.
Dick Smith Holdings was established on 1968 by Dick Smith and was owned and operated by him and his wife. The business started as an initial start-up of installing and maintaining car radios. Later on the business up scaled and started serving electronics products through self-serve shopping and item catalogue for every products to be sold. The catalogue included all essential information and reference for electronics products lover. To promote the business through the catalogue, Smith distributed the item catalogues for free with the major selling electronics magazines like Electronics Australia and Electronics Today International. After the frequent and vast use of internet, the item catalogues were stopped issuing after 2009. Smith sold all kinds of electronic components that were thriving at the 1970sand 1980s such as pagers, satellite stations, early video games, answering machines and cordless phones. The company even sold the earliest personal computers as well. The expansion of the company by selling electronic products proved to be fruitful for the company.
According to Papadatos, A. 2001, in 1982, Woolworths Limited took complete ownership of Dick Smith Electronics by paying the total amount of $25million (AUD). Then the company started opening stores in the major happening areas throughout Australia. After the ownership of Woolworths Limited, in the late 1990s Dick Smith Electronics establi...


... middle of paper ...


...lders and creditors’ investment. They should have protected their investors which would have saved the company from collapse. Therefore, any company should also have focus on the ethical issues as well as all other areas rather than only profit maximization. Otherwise they will also have the same fate as Dick Smith Holdings.




















References
Greenblat, E. 2012, Woolies exits Dick Smith in $20m fire sale, Sydney, N.S.W
Boyd, T. 2016, Dick Smith collapse gets ugly, Melbourne.
Mitchell, S. 2015, Dick Smith fobs off collapse fears, Burnie, Tas
"Dick Smith collapse a case study in electronics retailing", 2016, Electronics News,
Why Dick Smith Holdings was doomed, 2016, Melbourne.
Jordan, C. 2012, Dick gets cruellest cut Woolworths sells Dick Smith for $20m, Darwin, N.T.
Papadatos, A. 2001, Woolworths grabs Tandy - Takeover adds 224 stores, Surry Hills, N.S.W

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay about The Minority Report By Philip K. Dick

- The Minority Report by Philip K. Dick tells the story of a dystopia society that apropos the concept of a post-crime system called Precrime. This successful short story follows the protagonist, John A. Anderton, Precrime Commissioner, living in a futuristic society, Precrime police officers prevent homicides with the aid of precog mutants; precrime methodology has boldly and successfully abolished the post-crime system of jails and fines. However, Precrime has created an unfavorable recalcitrant idea: Citizens believe they are constantly under surveillance....   [tags: Philip K. Dick, Minority Report]

Strong Essays
1088 words (3.1 pages)

The Minority Report By Philip K. Dick Essay

- “The Minority Report”, by Philip K. Dick, is set in the year 2054 where three mutants called “Precogs” have cognitive abilities to see into the future and predict crimes before they happen. These Precogs have been plugged into machines that decode their visions to serve the pre-crime division, which arrests individuals before they commit any crime. Founded and Headed by John Anderton, the pre-crime division has gone five years without failure and has cut down felonies by up to 99.9%. In order for this to happen, all three precogs have the same vision of an even....   [tags: Philip K. Dick, Minority Report, Crime]

Strong Essays
1725 words (4.9 pages)

Smith & Wesson Holding Corporation Essay

- Smith and Wesson one of the world’s leading manufacturers of firearms was founded in 1852 by Horace Smith and Daniel B. Wesson (Form 10-K Annual Report p.1, 2011). Over the next 160 years the company would be bought and sold several times starting with Mr. Wesson purchasing Mr. Smith’s interest in 1873. The Wesson family sold Smith & Wesson Corp. in 1965 and the company would change hands 4 more times between 1984 and its final resting place as Smith & Wesson Holding Company in 2001. They are one of the largest manufacturers of handguns and handcuffs in the USA and the largest US exporter of handguns....   [tags: Smith & Wesson Analysis]

Strong Essays
1124 words (3.2 pages)

Sears Holdings Corporation Is An American Holding Headquartered Essay

- Sears Holdings Corporation is an American holding headquartered in Hoffman Estates, IL. is the parental company of retail brands, Sears and Kmart. It was formed after the merging of Kmart Holdings Corporation and Sears, Roebuck and Co. Besides the Sears and Kmart, the Sears Holdings also own the brands Craftman, Kenmore and DieHard. It has 3,472 retail locations under the operating of Sears, Kmart, and other subsidiaries. The businesses of Sears Holdings cover retail, home services, auto centers, pharmacies etc....   [tags: Sears Holdings Corporation, Kmart]

Strong Essays
723 words (2.1 pages)

Swot Analysis Of Sears Holdings Corporation Essays

- SWOT Matrix Below SWOT analysis lists some internal strengths and weaknesses and also compares with the external opportunities and threats. The SWOT analysis of Sears Holdings Corporation is as follows: Strengths • Brand equity • Strong retail network • Diverse & multicultural customers • Strong management team • Customer loyalty program • Strong technical infrastructure • Broad product offering Weaknesses • Customer Service • Old look and feel • Domestic markets are saturated • Store popularity • Poorly maintained and staffed stores • Uninspiring merchandise • Low Inventory turnover • Slack quality control Opportunities • Emerging markets • Increase brand awareness • Strong e-commerce b...   [tags: Sears Holdings Corporation, Kmart, Retailing]

Strong Essays
718 words (2.1 pages)

Influence of William Shakespeare on Melville’s Moby-Dick Essay

- In 1820 in the Edinburgh Review Sidney Smith said: “In the four quarters of the globe, who reads an American book?” (par. 4). That was the conventional idea concerning American Literature to the conservative British writers. But Melville proved this assumption of the British writers wrong not by arguing with them but by producing a huge work which in its quality is comparable to Shakespearean great tragedies. Melville’s masterpiece Moby-Dick consists of thousands of references, but specially references of Shakespeare are in abundance in this book....   [tags: Moby-Dick]

Strong Essays
3251 words (9.3 pages)

Essay about Smith Report on Teaching Mathematics

- Briefing paper explaining the changes which have been made to Maths education in England in response to the Smith Report. Introduction: The purpose behind this briefing paper is to provide the Secretary of State for Education with an idea as to how the Smith Report, 2004 “Making Mathematics Count” has changed Maths education in England. It is important that the Secretary of State for Education to understand how important the Smith Report has been to the advancement of Maths education and what recommendations have not yet been implemented....   [tags: Education Math]

Strong Essays
2338 words (6.7 pages)

Essay about Moby Dick: Subjective Space

- Moby Dick: Subjective Space Oh. my God. what is this that shoots through me, and leaves me so deadly calm, yet expectant, ---fixed at the top of a shudder. Future things swim before me, as in empty outlines and skeletons; all the past is somehow grown dim. (Chap. 135: 463) The sublime moment is the ultimate subsumption of the self. It is frightening in its intrinsic need to consume the experiencer and then emancipate him upon the consummation of the event. Melville composed a story that could have been filled with moments of the sublime and yet it is, frustratingly for the reader, almost entirely absent....   [tags: Melville Moby Dick Papers]

Strong Essays
2847 words (8.1 pages)

Essay about Herman Melville's Moby-Dick

- Herman Melville's Moby-Dick      Herman Melville began working on his epic novel Moby-Dick in 1850, writing it primarily as a report on the whaling voyages he undertook in the 1830s and early 1840s. Many critics suppose that his initial book did not contain characters such as Ahab, Starbuck, or even Moby Dick, but the summer of 1850 changed Melville’s writing and his masterpiece. He became friends with author Nathaniel Hawthorne and was greatly influenced by him. He also read Shakespeare and Milton’s Paradise Lost (Murray 41)....   [tags: Herman Melville Moby Dick Essays]

Strong Essays
1914 words (5.5 pages)

Leon Garfield's Novel Smith Essay

- How Does Leon Garfield structure the novel ‘Smith’ to keep the reader interested. Leon Garfield uses cliffhangers and other techniques to draw the reader into the world that Smith lives in. I am going to explain how the author uses a variety of emotions and moods. As well as that, I am going to discuss how the author links social history with the plot. Then, I am going to clarify how well the ending resolves the readers’ questions. Finally, I am going to expose how the author uses elements of style to his advantage....   [tags: Leon Garfield Novel Smith]

Strong Essays
695 words (2 pages)