JB Hi-Fi Essay

Table of Contents:
Introduction: Explanation of the topic and purpose of the report and some background information about JB H-Fi………………………………………………… P.g 2
2.1: How the business is classified according to its size, industry and sector……………………………………………………………………………………………………. P.g 3
2.2: The nature of the business……………………………………………………………. P.g 3
2.3: The form of ownership the business has. Some of the characteristics of this type of ownership. Advantages and Disadvantages…………………………….. P.g 4
3.1: The purpose of developing an organizational chart.…………………….. P.g 5
3.2: Copy of JB Hi-Fi’s organizational chart and what type of organizational structure is used for the business.……………………………………………………….. P.g 5
3.3: Explanation as to why this type of structure has been implemented……………………………………………………………………………………….. P.g 5

JB Hi-Fi was established in 1974 by John Barbuto (JB) which is where the name came from. The store started in East Keilor, Victoria as a lone store. John Barbuto only had one way of life which was to sell a special range of Hi-Fi and recorded music at Australia’s lowest prices. JB Hi-Fi was sold in 1983 and from then to 1999 another nine stores had opened. In July 2000, JB Hi-Fi was purchased by private equity bankers and senior management with the goal of making JB Hi-Fi a nationwide store. In October 2003, JB Hi-Fi was then put on the Australian Stock Exchange. JB Hi-Fi stores offer the world’s leading brands of computers, tablets, TV’s, cameras, Hi-Fi, speakers, car sound, home theater, portable audio and lots more. This store offers many electronic needs and wants which makes it highly successful. JB Hi-Fi has it all with the best brands, massive range, cheapest prices, convenient locations and genuine personal service from their experienced specialist staff. Everything you want to buy is either available in a JB store or online. (Hi-Fi,