Jb Hi Fi Case Study Essay
Table of Contents
Case Study
JB HI FI was founded in 1974 and consisted of one sole store in the suburbs of Melbourne, Victoria. Since this time JB HI FI has grown somewhat substantially, the company has spread its HI FI retail stores across the country and reportedly generated $2.8 billion in revenue in 2009 (Collins 2010). When observing the past 15 years of JB HI FI’s life, two significant organisational changes standout. The first of which is in July 2000 when the company was acquired by Macquarie bank and BancBoston in a deal estimated to be worth around $40 million (Dabkowski 2000). The second substantial change was the company becoming public in September 2005.
In July 2000 when Macquarie Bank and BancBoston acquired JB HI FI, the company was amid plans for substantial expansion of both stores and product ranges. The transaction involved the new …show more content…
CFO Terry Smart claims that, "It is an option but not one we would want to take. We are planning to turn a profit but action like this does not help.” (JB CFO Terry Smart, 2010)
JB HI FI Buyout and Float
This report will examine the expansion of JB Hi Fi into the dominant retail force it is today. It will detail the evolution of the organisational structure from 2000 to the end of 2009. An comparison of the acquisition of Clive Anthonys in 2004 will be given looking intently at the choices made by JB acquisition team and then a detailed look at the current union action in New Zealand and how this may have been avoided.
In 2000, Macquarie Bank and BancBoston purchased JB Hi Fi, during this purchase a change in senior management was implemented. Initially in 2000 the organisation was based on functionality (i.e. functional organisation). This function was appropriate due to the business operating limited store numbers in
Case Study
JB HI FI was founded in 1974 and consisted of one sole store in the suburbs of Melbourne, Victoria. Since this time JB HI FI has grown somewhat substantially, the company has spread its HI FI retail stores across the country and reportedly generated $2.8 billion in revenue in 2009 (Collins 2010). When observing the past 15 years of JB HI FI’s life, two significant organisational changes standout. The first of which is in July 2000 when the company was acquired by Macquarie bank and BancBoston in a deal estimated to be worth around $40 million (Dabkowski 2000). The second substantial change was the company becoming public in September 2005.
In July 2000 when Macquarie Bank and BancBoston acquired JB HI FI, the company was amid plans for substantial expansion of both stores and product ranges. The transaction involved the new …show more content…
CFO Terry Smart claims that, "It is an option but not one we would want to take. We are planning to turn a profit but action like this does not help.” (JB CFO Terry Smart, 2010)
JB HI FI Buyout and Float
This report will examine the expansion of JB Hi Fi into the dominant retail force it is today. It will detail the evolution of the organisational structure from 2000 to the end of 2009. An comparison of the acquisition of Clive Anthonys in 2004 will be given looking intently at the choices made by JB acquisition team and then a detailed look at the current union action in New Zealand and how this may have been avoided.
In 2000, Macquarie Bank and BancBoston purchased JB Hi Fi, during this purchase a change in senior management was implemented. Initially in 2000 the organisation was based on functionality (i.e. functional organisation). This function was appropriate due to the business operating limited store numbers in