logo

Project Development and Optimization Assignment PDF

   

Added on  2021-04-17

10 Pages2039 Words26 Views
Running head: PROJECT DEVELOPMENT AND OPTIMIZATIONProject Development and OptimizationName of the StudentName of the UniversityAuthors NoteCourse ID

PROJECT DEVELOPMENT AND OPTIMIZATION1Table of ContentsIntroduction:...............................................................................................................................2Leadership Failures:...................................................................................................................2Management inability to purchase decisions:............................................................................4Failure of the company:.............................................................................................................4Incorrect decision making by Chief Executive:.........................................................................4Best practices to assess the situation of Dick Smith:.................................................................5Transparency in operations:.......................................................................................................5Inventory management improves cash flow:.............................................................................6Conclusion:................................................................................................................................6Reference List:...........................................................................................................................7

PROJECT DEVELOPMENT AND OPTIMIZATION2Introduction:The current report is based on selecting the appropriate methods of decision makings.The case study of Dick Smith has been selected for the current project to determine thedecline of the company. Dick Smith Holdings Ltd was until the year 2016 an Australian retailchain company that sold consumer electronic goods. The chain of the company expandedunsuccessfully in New Zealand with successful operations in other countries. The companywas founded in Sydney during 1968 until the company was sold to the Woolworths Ltd. Theoperation of the company ceased in 2016 following its acquisition by Anchorage CapitalPartners. Leadership Failures:The collapse in the leadership of Dick Smith meant that there was a shortfall to thecreditors of more than $260 million. Changing consumer market: The primary reason that led to the collapse of the Dick SmithHoldings Ltd was the change in the consumer market. The electronic consumer marketchanged significantly at the competitive rate with significant amount of change in theconsumer demand patterns (Kirzner, 2015). This reflected a failure in the vision of leadershipas Dick Smith Holdings Ltd failed to study the consumer change in taste and preference withchanging pattern of market forces. Higher cost of Store Network: Another reason that could be attributable to the collapse ofDick Smith Holdings Ltd is the higher cost of store network. The store network of DickSmith Holdings Ltd was much larger in size than its competitors (Brenkert, 2017). Thisinvolved higher amount of cost base with considerable amount of exposure to anddependence of the fast moving computer products market.

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Accounting Theory and Contemporary Issues
|15
|2787
|443

Corporate Failure of Dick Smith Holdings
|17
|4627
|62

Rise and Fall of Dick Smith Holding Limited Assignment PDF
|17
|4845
|108

Auditing Theory and Practice: Collapse of Dick Smith and Going Concern Issues
|15
|3767
|400

Accounting Theory & Contemporary Issues: Analysis of Dick Smith Holding Ltd Collapse
|10
|2629
|361

Auditing Procedure Of Dick Smith Electronics
|16
|4154
|58