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Dick Smith's big mistake (Read 2337 times)
bogarde73
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Dick Smith's big mistake
Jan 15th, 2016 at 8:09am
 
The man I mean, not the store.

Decades ago when he sold the business, he sold his name with it. Maybe that was the dealmaker and he had no option, I don't know.
Now he's stuck with a lot of the ill will because there is a huge number of people out there who still think it's his store.

Now he's making noises about what awful people they were who bought it most recently and made a pretence of tarting it up. There is even some talk of a lawsuit.
But that would likely be a waste of time. The people concerned probably don't even live here and anyway they would have only been the front for the money people who made off with the hundreds of millions and left about $400 million debt behind.

So don't get involved in a lawsuit Dick, you'll just do your dough.
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John Smith
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Re: Dick Smith's big mistake
Reply #1 - Jan 15th, 2016 at 8:23am
 
bogarde73 wrote on Jan 15th, 2016 at 8:09am:
Decades ago when he sold the business, he sold his name with it


I doubt he had a choice ... the people buying the store weren't going to give away the goodwill associated with the brand 'Dick Smith', not without it greatly affecting Dicks sale price.
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Re: Dick Smith's big mistake
Reply #2 - Jan 15th, 2016 at 8:30am
 
I was thinking much the same thing.
The new owners of the business, keeping and using his good name he made in the industry. There should have been a stipulation that after a year or so, once the new business owners got a foothold, should have applied for a name change.

There is a health industry I am a member of, that had their name right up there on the corporate ladder world wide, and recently, changed hands and changed their name, and the products names, this was one area where it should have stayed the same, because it wasn't anyone's personal name, like Dick Smith had. I feel a bit put off since this health industry made too many huge changes, can't even log on the old way.
I have a feeling business is plummeting a bit, and they should have kept the same name, with the same product labels that we all knew so well.

Funny thing is, a name change can work for some corporate businesses, but not all.

As for Dick Smith Electronics, perhaps an update in name should have been the go.

Now his own personal name seems tainted.


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bogarde73
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Re: Dick Smith's big mistake
Reply #3 - Jan 15th, 2016 at 8:43am
 
I feel very sorry for the guy, being someone I regard as a great Australian.
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Re: Dick Smith's big mistake
Reply #4 - Jan 15th, 2016 at 12:34pm
 
I went into Dick Smith's two days ago to buy a TV cable. All they had was 6 meter lengths for $29.00. So I went over to K Mart and got a 3 meter cable for $5.00.
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Re: Dick Smith's big mistake
Reply #5 - Jan 15th, 2016 at 12:51pm
 
Sophia wrote on Jan 15th, 2016 at 8:30am:
I was thinking much the same thing.
The new owners of the business, keeping and using his good name he made in the industry. There should have been a stipulation that after a year or so, once the new business owners got a foothold, should have applied for a name change.

There is a health industry I am a member of, that had their name right up there on the corporate ladder world wide, and recently, changed hands and changed their name, and the products names, this was one area where it should have stayed the same, because it wasn't anyone's personal name, like Dick Smith had. I feel a bit put off since this health industry made too many huge changes, can't even log on the old way.
I have a feeling business is plummeting a bit, and they should have kept the same name, with the same product labels that we all knew so well.

Funny thing is, a name change can work for some corporate businesses, but not all.

As for Dick Smith Electronics, perhaps an update in name should have been the go.

Now his own personal name seems tainted.


I think Penis Smith might not have flown. The there is the problem of the logo.
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« Last Edit: Jan 15th, 2016 at 1:05pm by Sun Tzu »  

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lee
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Re: Dick Smith's big mistake
Reply #6 - Jan 15th, 2016 at 12:55pm
 
issuevoter wrote on Jan 15th, 2016 at 12:34pm:
I went into Dick Smith's two days ago to buy a TV cable. All they had was 6 meter lengths for $29.00. So I went over to K Mart and got a 3 meter cable for $5.00.


Yep that can happen. Is cable quality. single , dual or quad core the same?
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Re: Dick Smith's big mistake
Reply #7 - Jan 15th, 2016 at 12:56pm
 
issuevoter wrote on Jan 15th, 2016 at 12:34pm:
I went into Dick Smith's two days ago to buy a TV cable. All they had was 6 meter lengths for $29.00. So I went over to K Mart and got a 3 meter cable for $5.00.


Which didn't reach. But it was cheap.
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Re: Dick Smith's big mistake
Reply #8 - Jan 15th, 2016 at 1:38pm
 
issuevoter wrote on Jan 15th, 2016 at 12:34pm:
I went into Dick Smith's two days ago to buy a TV cable. All they had was 6 meter lengths for $29.00. So I went over to K Mart and got a 3 meter cable for $5.00.


I went to Dick Smith for some basic components.  The store guy said we don't sell them anymore and told me to go to Jaycar....maybe the real Dick Smith now owns Jaycar?  Cheesy
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Re: Dick Smith's big mistake
Reply #9 - Jan 15th, 2016 at 1:39pm
 
bogarde73 wrote on Jan 15th, 2016 at 8:43am:
I feel very sorry for the guy, being someone I regard as a great Australian.


...maybe he can buy it back again?  I hear it's going cheap.....
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Re: Dick Smith's big mistake
Reply #10 - Jan 15th, 2016 at 2:24pm
 
bogarde73 wrote on Jan 15th, 2016 at 8:43am:
I feel very sorry for the guy, being someone I regard as a great Australian.




Dick Smith is a global warming crank like Al Gore, he flies around in his personal helicopter while exhorting others to go without in order to save the planet.

Also, now that he has cashed in his capitalist chips and cleaned up he is anti capitalism.
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bogarde73
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Re: Dick Smith's big mistake
Reply #11 - Jan 15th, 2016 at 2:31pm
 
Well all of his opinions may not be the same as yours or mine but that doesn't change my view that he is a great Australian of his generation.

He started a business from scratch as a kid and built it into a huge successful operation which served many customers well for a long time.
After he decided to leave that behind  - and I doubt he had any idea it would end in the chaos & scandal it has many years later - he went on to render valuable service in the air safety field and other business ventures.

And in the twilight of his life I find it sad that he would be feeling, as I'm sure he must, that his name is being associated with this mess.

But that's just my opinion.
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innocentbystander.
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Re: Dick Smith's big mistake
Reply #12 - Jan 15th, 2016 at 2:50pm
 
bogarde73 wrote on Jan 15th, 2016 at 2:31pm:
Well all of his opinions may not be the same as yours or mine but that doesn't change my view that he is a great Australian of his generation.

He started a business from scratch as a kid and built it into a huge successful operation which served many customers well for a long time.
After he decided to leave that behind  - and I doubt he had any idea it would end in the chaos & scandal it has many years later - he went on to render valuable service in the air safety field and other business ventures.

And in the twilight of his life I find it sad that he would be feeling, as I'm sure he must, that his name is being associated with this mess.

But that's just my opinion.




OK sure, I agree that he was a great Australian once, a real go getter that we could all look up to, but now he has morphed into a hypocrite, I guess the ever changing circumstances that one finds themselves in shapes their thinking.

Its like if I was dropped into Saudi Arabia and surrounded by a bunch of sword wielding donkey rapists that demanded that I convert to islam or get arse reamed and beheaded instead, I'd be like where do I sign  Grin
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Re: Dick Smith's big mistake
Reply #13 - Jan 15th, 2016 at 3:02pm
 
innocentbystander. wrote on Jan 15th, 2016 at 2:50pm:
Its like if I was dropped into Saudi Arabia and surrounded by a bunch of sword wielding donkey rapists that demanded that I convert to islam or get arse reamed and beheaded instead, I'd be like where do I sign 


Beheading would be a waste of time for Innocentbystander. It already performs like an escaped headless chook.
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Re: Dick Smith's big mistake
Reply #14 - Jan 16th, 2016 at 12:37pm
 
Swagman wrote on Jan 15th, 2016 at 1:38pm:
I went to Dick Smith for some basic components.  The store guy said we don't sell them anymore  


Originally it was an electronics store (which is why they called it Dick Smith Electronics I guess) but in later years it just became a clone of JB HiFi. That was it's downfall
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