Radio shack company history


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Radio shack company history

  1. 1. Surname 1NameCourseLecturerDateRadio Shack Corporation was mainly known as Tandy Corporation since its founding in theearly 1960 till the year 2000. The corporation is believed to be the largest consumer electronicretailers in the United States. The country had around 7,100 Radio Shack stores which arelocated throughout the country and this helped in forming the company core operation. Thestores are known to feature two chief categories where there are categories of goods and services,electronic parts as well as accessories and the others ranged form telephone andtelecommunication accessories, video equipment and most of the electronic products.What made the company to progress is that it had partnerships with a number of prominentconsumers’ electronics and other computer companies like Compaq Computer Corporation,where the computer brand were sold at Radio Shack. Radio Shack had cooperated with differentcompanies and even the Thomson Multimedia where they offered the digital audio/videoproducts and services. Radio Shack company as well, corporate with Microsoft in the area ofinternet access as well as the Radio Shack com e-commerce site (Macht, 2002). The companywas also known for its capability to operate eight manufacturing plants in China and in theUnited States which produces electronic products, and most of the products were sold in the
  2. 2. Surname 2companies’ stores. The company picked most since they still offered them with services to theirconsumers (Tandy, 2001.)When it comes to the early history, Charles Tandy is believed to be the founder who was talentedin marketing where he took a leather store that was opened by their family in 1919 where heexpanded it to hobby market where after opening subsidiary locations, the sales increased well in1960.During this time, scouts and campers all over the world made moccasins and coin pursesfrom Tandy leather craft and hobby kits, and from there Tandy corporation was established andbegan its trading in the New York Stock Exchange which makes it more prominent ( Lerner1987)Though business was doing well, Tandy was not satisfied and from then, he started looking for away to diversify and in 1963, he purchased Radio Shack, which by then, was known due to itsbankruptcy in the electronics stores which were in Boston. Due to his interest in the market andbeen swift in the business, Tandy started making a profit on a company and it was then afterevery successful day that Tandy corporation was opening two RadioShack stores every workingday.Charles Tandy was known to be hardworking, a man of wisdom as most of the employeessuggested. In many cases, he knew how to handle the employees and motivated them by lettingthem earn extra cash form impressive sales which resulted to them living to give testimonies.This was one of the reasons why Radio shack store kept booming since the employees weremotivated and they become aggressive in selling their name.Though the company was known for its first growing, this did not continue for long sinceCharles Tandy Died and the powers were directed to Philip who took advantage of the position
  3. 3. Surname 3and within a period of two years Prominent Radio shack stores could lack goods at hand whichwas the beginning of the companies losing consumers as well creating loophole to those whowere their competitors. Radio shack store had developed and as days passed, they continued toovercome all other companies and emerged the top but it managing strategy changed.
  4. 4. Surname 4Work citedMacht, Norman L.. Famous financiers and innovators. Philadelphia, PA: Chelsea HousePublishers, 2002. Print. I found this information in the famous financiers and innovators book anone would understand where Tandy started and what he did for his to succeed.Tandy Corporation. New York: Tandy Corporation., 2001. Print. I found this article by searchingthe history of Radio Shack and opted to use it since it gives the history of Tandy and how hestarted his stores and one could understand Radios Shack history better.Lerner, Jonina R.. Tandy Corporation (NYSE-TAN): company report. New York, N.Y. (TwoWorld Trade Center, New York 10048): E. Fleming, 1987. Print. I got the information on onlinelibrary, and found it vital since it explains Tandy Corporation well and one could understandbetter the history of Radio shack.Quality courseware from Follett Library Book Company: Radio Shack.. Crystal Lake, Ill.: FollettLibrary Book Co., 1983. Print. I found this information from online library on the history ofRadio Shack Company and used it to know much about the company.Park, Won J.. Radio Shack TRS-80 Pocket Computer Solutions to Composite MaterialsFormulas. Ft. Belvoir: Defense Technical Information Center, 1981. Print. I found the article bysearching the radio shack history and invention of computers and I chose the article since itexplains how Radio Shack invented with Compaq computers as well how they changedcomputer market.