Investigating circuit city comany Essay Example | Topics and Well Written Essays - 2000 words

investigation circuit city comany - Essay ExampleThis article basically illustrates the mistakes that lap City undertook before its ultimate demise and how its archrival, scoop out Buy, continued to thrive on the contrary. Circuit Citys failure was non as a result of the downturn in the economy only its principal failure was in its bad management over the course of the years. The article is well written as it gives us an encephalon of where Circuit City once was at the peak of the industry and how it slowly succumbed to the changing market, eventually large(p) up its position as the market leader to Best Buy. The writer also shows the differences in Best Buy and Circuit City two companies which took entirely different approaches leading to one prospering to be the market leader and the other having to liquidate. The author also used simple and easy to understand opus style and vocabulary that is easy to comprehend. In this article, the writer seems to have one goal in mind an d that is to give a clear explanation of Circuit Citys failure. ... However, this article clearly illustrates this by providing the referee with an insight into what really happened to the second best electronic merchandise store. Circuit City to unsympathetic Down By Parija B. Kavilanz This article also gives a detailight-emitting diode account of Circuit Citys filing for bankruptcy, the approval of the motion to liquidate its remaining stores and all the events that followed the decision to liquidate all the follows assets. This article outlines how the fraternity had been forced to close shop following its inability to pay up its debts, which shows that the values the friendship had adopted prior to this had all failed in achieving the companys future objectives. What led to the unfolding of these events is also a question that is well documented in this article. Therefore, this article offers a reader the ending to the sad story of the now defunct Circuit City. The writer of this article had the intention of cogent his readers how the companys mismanagement run the company down until it closed business. The whole process of how the company started by closing a number of shops and laying off workers is also illustrated in this article. This article shows the military issue of the stalled negotiations of Circuit City with its creditors and lenders liquidation. The article gives a picture of the events that unfolded following the decision to liquidate all Circuit Citys assets. All the efforts that the company had undertook to save it from going under had all been in bootless as Circuit City was forced to close shop. The liquidation process was from then on, all systems go The author also uses a brilliant technique of leaving the reader in suspense by informing us that despite all the miscues that Circuit City took there was still hope that the company