Radioshack Essay

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To the Board of Directors of RadioShack, 2015 and 2016 shook the confidence of RadioShack first with the bankruptcy and later the resignation of the CEO, Ron Garriques, who served less than a year in the position. Although one may consider these to be significant setbacks, I view these as opportunities, blessings and stepping stones for future of the firm. These events mark an opportunity for the Company to wipe its plate clean and make itself relevant again. It must use its rich history as a one-stop shop for offering a wide-variety of higher quality electronics to fuel the rebound story and transform the Company from being a buyer’s second thought to regaining the buyer’s focus. So how will RadioShack succeed? While no one direct formula …show more content…

RadioShack successfully executed a transactional plan for many years, conservatively defending its territory from competitors and using lean initiatives to make small incremental year-over-year growth, however as its ecosystem evolved and technology disrupted the market, it found itself as a sea squirt swimming amongst sharks. Today, incremental planning and thinking will limit the position to grow in the years ahead, and will likely position a Company into decling year over year results. To revive itself, RadioShack must consider transformational planning, where proactive and anticipatory competencies are deeply rooted in its core behavior. It starts with forecasting the future and identifying hard trends that become the user story for each product developed. This will truly allow the organization to move from an "as is" state to a "to be" …show more content…

The first step is to create a committee that has equal representation from the Board, C-suite members from each of the main functional areas (Finance, Marketing, and Operations), and a select handful of high-potential Middle Managers. The committee’s sole objective is to be the decision-making unit that develops the strategic initiatives the company will pursue to revive sales growth, and also to be the guiding coalition to the rest of the organization during the implementation of the initiatives. CEO, Dene Rogers, is crucial to the success of the committee. He must truly be a change agent and a conduit between the committee and the Company’s owners, General Wireless. He must help define the ideal state by understanding and committing to growth targets that are supported by the owners, and are sensible for a distressed business. In addition to establishing the measurements of operational and financial success, Dene must be influential in his approach and a catalyst to the

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