Radio Shack Report
Executive Summary
RadioShack Corporation is a popular electronic store within the United States of America. Within this report an assessment of RadioShack Corporation performance in the years 2004 to 2006 will be provided. This assessment looks on: * Changes in Chief Executive Officer (CEO) * The results of the changes in the CEO * The financial performance of RadioShack in the specified period * Managerial problems facing RadioShack in the specified period.
From this report we hope to give a concise representation of what happened in RadioShack in the years2004-2006. As a group of consultants we aim to identify problems facing the company. Along with this we will provide solutions and recommendations to these problems based on our assessment.
Introduction:
Radio Shack is a consumer electronics goods and services retailer that operates about 4400 stores across the United States, Puerto Rico and the U.S. Virgin Islands. Additionally, the company also operates about 800 non-branded kiosks (small booths) from which wireless handsets and accessories are sold. The firm’s headquarters is located in Fort Worth, Texas and as of 2006, there were approximately 40000 workers employed to the company.
The case presented to the group highlights the problems faced by Radio Shack which started in the year 2004. The instability in the position of CEO and executive management of the firm, financial troubles, disgruntled employees and poor communication skills have been identified as the main problems which sought to wreak havoc throughout the firm.
As consultants hired by the Radio Shack Company, our main objective would be to state, with clear reasoning, the core problems affecting the company, as well their appropriate solutions. In addition we would aim to devise suitable plans which would aid the company in moving forward. Along with this we will present recommendations which would foster better development and growth within the firm for the
RadioShack Corporation is a popular electronic store within the United States of America. Within this report an assessment of RadioShack Corporation performance in the years 2004 to 2006 will be provided. This assessment looks on: * Changes in Chief Executive Officer (CEO) * The results of the changes in the CEO * The financial performance of RadioShack in the specified period * Managerial problems facing RadioShack in the specified period.
From this report we hope to give a concise representation of what happened in RadioShack in the years2004-2006. As a group of consultants we aim to identify problems facing the company. Along with this we will provide solutions and recommendations to these problems based on our assessment.
Introduction:
Radio Shack is a consumer electronics goods and services retailer that operates about 4400 stores across the United States, Puerto Rico and the U.S. Virgin Islands. Additionally, the company also operates about 800 non-branded kiosks (small booths) from which wireless handsets and accessories are sold. The firm’s headquarters is located in Fort Worth, Texas and as of 2006, there were approximately 40000 workers employed to the company.
The case presented to the group highlights the problems faced by Radio Shack which started in the year 2004. The instability in the position of CEO and executive management of the firm, financial troubles, disgruntled employees and poor communication skills have been identified as the main problems which sought to wreak havoc throughout the firm.
As consultants hired by the Radio Shack Company, our main objective would be to state, with clear reasoning, the core problems affecting the company, as well their appropriate solutions. In addition we would aim to devise suitable plans which would aid the company in moving forward. Along with this we will present recommendations which would foster better development and growth within the firm for the
Bibliography: University of Nortedame. (2007). RadioShack Corporation: You’ve Got Mail. Mondoza College of Business. Joyce, A. (2007). Fired Via E-Mail And Other Tales Of Poor Exits. Retrieved November 8, 2012, from http://www.washingtonpost.com/wp-dyn/content/article/2006/09/09/AR2006090900103.html Poole, L. (2007). RadioShack lays off employees via e-mail. Retrieved November 8, 2012, from http://usatoday30.usatoday.com/tech/news/2006-08-30-radioshack-email-layoffs_x.htm Gaertner-Johnston, L. (2006). Fired by Email. Retrieved November 9th, from http://www.businesswritingblog.com/business_writing/2006/09/fired_by_email.html Horowits, A. , Jacobson, D. , McNichol, T. & Thomas, O. (2007). 101Dumbest Moments in Business. Retrieved November 10,2012 from http://money.cnn.com/galleries/2007/biz2/0701/gallery.101dumbest_2007/27.html -------------------------------------------- [ 1 ]. See appendix for diagram showing stock prices. [ 2 ]. See appendix for email sent to employees.