[Boatanchors] RATSHACK?

[Jim DiMauro]

Hi All:

I think that the core message in my earlier post was
lost in my own verbose ranting.  My fault.  Let me
summarize my basic problem more concisely with a
direct quote from my original post: "For the most
part, Radio Shack stuff (miniboxes, connectors,
cables, etc.) is cheaply-made garbage."

Personally, I don't care if a RS employee knows
anything about what they sell.  All I want from RS are
three things: for the employee to know where an item
is, for the store to have it in stock, and for a
quality product.  IMO that's too much to ask of
current day RC stores.

Jim
w2bvm


--- Brian Clarke <brianclarke01 at optusnet.com.au>
wrote:
> Hi Fellas [and any girls in our audience],
> 
> I think we are looking in the wrong place, when we
> criticise RS for its
> skilled labour hiring and inventory carrying
> practices.
> 
> Lets do a little business analysis - please correct
> me if any of my
> assumptions is incorrect.
> 1. Radio Shack is a publicly floated organisation
> owned by shareholders.
> 2. The main purpose of floating a company is to
> raise money by selling
> shares. The best way to use this mechanism is to
> maximise the share price
> and optimise the dividend payouts, so reducing the
> cost of capital employed
> in doing business in the long term.
> 3. The Board of Directors reports to the
> shareholders for the direction that
> the company takes.
> 4. The managers report to the Board of Directors for
> execution of
> directions.
> 5. When a company is owned by shareholders, the
> managers must install
> procedures that maximise the returns to, and wealth
> of the shareholders. So,
> the management must do what the shareholders want -
> or the shareholders will
> sell their shares and the share-price will fall,
> thus increasing the cost of
> capital employed. The shareholders may also install
> more pliant Directors.
> 
> Here endeth Finance 101.
> 
> In the shareholding world of today, who owns the
> bulk of the shares? Around
> the world? Wait for it ... women!
> 
> Now, in the business world, what do women want -
> immediate gratification.
> So, in place of long term maximisation of share
> price, we now see short term
> returns to investors as the main requirement. How do
> we achieve this? We cut
> costs. That is why we have low inventory cover
> ratios, and low paid, poorly
> skilled service staff. And this is why accountants
> have replaced engineers.
> 
> Could I suggest that you be very careful how you use
> this analysis and its
> conclusions. You may find that your gratification of
> certain primal urges,
> in the usual places, dries up overnight.
> 
> 73 de Brian, VK2GCE.
> 
> _______________________________________________
> Boatanchors mailing list
> Boatanchors at mailman.qth.net
> http://mailman.qth.net/mailman/listinfo/boatanchors
> ** List Administrator - Duane Fischer, W8DBF/W9WZE
> **   
> ** For Assistance: dfischer at usol.com **         
> $$ For vintage radio info, see the HCI web site $$  
>    
> http://www.w9wze.org    
> 
> 

__________________________________________________
Do You Yahoo!?
Tired of spam?  Yahoo! Mail has the best spam protection around 
http://mail.yahoo.com