Preview

Best Buy Case Study

Satisfactory Essays
Open Document
Open Document
3845 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Best Buy Case Study
ESLSCA: GROUP 39D

| |
| |
|Best Buy Co., Inc. [pic] |
|Strategic Audit |
|August 2012 |
| |
| |

Presented to Dr. Sanya EL Galaly

Table of Contents
About Best Buy Co., Inc 4
Best Buy’s History 4
1. Current Situation 5 A. Current Performance 5 B. Strategic Posture 5 1. Mission 5 2. Objectives 5 3. Strategies 5 4. Policies 6
II. Strategic Managers 6 A. Board Members 6 B. Top Management 7
III.Market Overview 7
IV. External Environment 8 2. Natural Environment 8 2. Social Environment 8 2.1. Economic 8 2.2. Technological 8 2.3. Political–Legal 8 2.4. Sociocultural 8 3. Task Environment 9
V. Internal Environment 9 1. Corporate Structure 9 2. Corporate Culture 9 3. Corporate Resources 9 3.1. Marketing 9 3.2. Finance 9 3.3. R&D 10 3.4. Operations 10 3.5. Human Resources 10 3.6. Information Systems 10
VI. Analysis of Strategic Factors 10 1. Situational Analysis (SWOT) (SFAS Matrix; see


References: www.bby.com http://www.sec.gov/ www.bloomberg.com
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Case Study: Jcpenney
    • 385 Words
    • 2 Pages

    Case Study: Jcpenney

    Ron Johnson made some bad decisions that caused him to only last as the CEO of JCPenney for seventeen months (Kinicki & Williams, 2013). His bad decisions consisted of misreading what the shoppers wanted, no testing of ideas prior to execution, distancing himself from the essential consumers, misread the JCPenney brand (Tuttle, 2013).…

    • 385 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Case Study: Nordstrom
    • 612 Words
    • 3 Pages

    Case Study: Nordstrom

    Due to global competition, there is a variety of products that are competing in different markets ranging from apparel to computers. Despite the many benefits that these products might provide to customers, this phenomenon is making it more difficult for retailers and manufacturers to predict which of their goods will sell effectively.…

    • 612 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Jcpenney Case Study
    • 636 Words
    • 3 Pages

    Jcpenney Case Study

    "This is not a turn-around situation," George Bradt, managing director of executive consulting firm PrimeGenesis told us. "This is a 'turn off the lights' situation."…

    • 636 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Conducting A SWOTT Analysis: Banner Churchill Community Hospital
    • 1624 Words
    • 7 Pages

    Conducting A SWOTT Analysis: Banner Churchill Community Hospital

    Before any organization begins working with the formulation of strategies, the firm must scan the external and internal environments to assess the opportunities, threats, weaknesses, and strength. The scanning performed is known as a SWOT analysis and when perform properly it can show the organization areas needing improvement that were not known. Strategic managers need to look at the forces that influence the long-term decisions and these are the economic forces, technological forces, political-legal forces, and sociocultural forces (Hunger and Wheelen, 2011).…

    • 1624 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Best Essays

    Proj 587 Week 4
    • 4394 Words
    • 18 Pages

    Proj 587 Week 4

    Dess. (2012). Strategic Management text and cases, 6th Edition. McGraw-Hill Learning Solutions. Retrieved from <vbk:0077653017#outline(12.6.4.2)>.…

    • 4394 Words
    • 18 Pages
    Best Essays
    Read More
  • Better Essays

    Critical Analysis 1
    • 1154 Words
    • 5 Pages

    Critical Analysis 1

    When Best Buy first opened it was an event that an electronics store could hold such a variety of products, have knowledgeable employees, and offer competitive prices at the same time. Although in 2012 it was reported that revenues for Best Buy increased, the company still fell victim to the problems of having a decrease in net income and operating cash flow. “The company reported revenues of (U.S. Dollars) USD 50,705.00 million during the fiscal year ended March 2012, an increase of 1.93% over 2011. The operating profit of the company was USD 1,085.00 million during the fiscal year 2012, a decrease of 54.30% from 2011. The net loss of the company was USD 1,231.00 million during the fiscal year 2012, as against a net profit of USD 1,277.00 million during 2011 (Strategic Analysis 1).” It is obvious by these numbers that Best Buy, a company that has been historically successful, has been running into some recent troubles. In this report I will identify all of the potential reasons for Best Buy’s recent poor performance, as well as offer my opinion for the primary reasons for Best Buy’s recent sub-par performance.…

    • 1154 Words
    • 5 Pages
    Better Essays
    Read More
  • Good Essays

    Dollar Tree Case Study
    • 557 Words
    • 3 Pages

    Dollar Tree Case Study

    Write a white paper on a company of your choice and discuss the market segmentation within…

    • 557 Words
    • 3 Pages
    Good Essays
    Read More
  • Better Essays

    Best Buy Strategy
    • 1790 Words
    • 8 Pages

    Best Buy Strategy

    1) Following are the key features of various elements of Best Buy’s Big-box retail model:…

    • 1790 Words
    • 8 Pages
    Better Essays
    Read More
  • Powerful Essays

    Case Study on Sears
    • 9017 Words
    • 37 Pages

    Case Study on Sears

    The great advantage of publicly held companies is that they bring together capital and managerial expertise, to the benefit of both groups. An investor need not know anything about making or marketing chairs in order to invest in a chair factory. A gifted producer or seller of chairs need not have capital in order to start a business. When it runs well, both profit, and the capitalist system achieves its goals. Our system of capitalism has been less successful when the company does not run well. As some of America's most visible, powerful, and successful companies began to slide, they demonstrated an all-but fatal weakness in the ability of our system to react in time to prevent disaster. Managers and directors at companies like IBM, General Motors, and Sears took their success--and their customers--for granted. They took their investors for granted, too, until it was almost too late.…

    • 9017 Words
    • 37 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Problems of Best Buy
    • 2546 Words
    • 11 Pages

    Problems of Best Buy

    With only 42 years of existence, the company has come a long way since Richard M. Schulze and business partner James Wheeler decided to open an audio specialty store called Sound of Music. Only 4 years later they had reached the $1 million mark in annual revenues and by 1984 they had opened eight more stores and changed their name to Best Buy Co., Inc. The year 1987 saw sales of $240 million, an expansion to more than 20 stores and the company’s debut on the New York Stock Exchange. Less than a decade later, Best Buy had surpassed Circuit City to become the nation 's top consumer electronics retailer.…

    • 2546 Words
    • 11 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Origin Energy
    • 9944 Words
    • 40 Pages

    Origin Energy

    Within the energy industry in Australia it is important that companies are knowledgeable about the ever changing external factors as well as their own internal factors that will directly affect the business. The external environment consisting of technological, political, social and economic issues, directly affect the everyday and long term operations conducted by Origin Energy therefore it is vital to remain up to date with information associated to these issues. Origin Energy must keep close watch on the market and its customers in order to keep up with consumer demands. By segmenting the market to determine who uses Origin’s products and how often gives insight into how best to meet the ever changing market demands. Finally it is important to analyse Origins competitors by evaluating five external forces that measure the energy industries competitive…

    • 9944 Words
    • 40 Pages
    Powerful Essays
    Read More
  • Good Essays

    Business Plan Example
    • 3334 Words
    • 14 Pages

    Business Plan Example

    Syndee Howgate CEO of Genius In Training Inc. has identified she will need $229,750 to open a LearningRX Center in Sugar Land, Texas. LearningRX of Sugar Land will be the dba of Genius In Training Inc. The funds will cover the purchase and installation of the equipment and machinery, leasehold improvements, inventory, office equipment, and working capital to start the business. Syndee Howgate will contribute $9,750 to the project from personal funds. The remainder of $220,000 is requested to be a SBA loan at 6.00% interest amortized over 7 years. The loan is to be secured by the equipment, and inventory, as well as the personal guarantee of Syndee Howgate.…

    • 3334 Words
    • 14 Pages
    Good Essays
    Read More
  • Powerful Essays

    Home Depot
    • 1621 Words
    • 7 Pages

    Home Depot

    Today, The Home Depot is the world's largest home improvement specialty retailer, with 2274 retail stores in the United States (including Puerto Rico and the U.S. Virgin Islands), Canada, Mexico and China. The Home Depot"! stock is traded on the New York Stock Exchange (NYSE: HD) and is included in…

    • 1621 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Best Buy S Turn Around Strategy
    • 13943 Words
    • 92 Pages

    Best Buy S Turn Around Strategy

    share over the past two years, a drop of roughly 60 percent.1 While revenues had been increasing at a marginal…

    • 13943 Words
    • 92 Pages
    Powerful Essays
    Read More
  • Good Essays

    Best Buy Marketing Strategy
    • 919 Words
    • 4 Pages

    Best Buy Marketing Strategy

    The store that I want to dive deeper into and throughly discuss is Best Buy. They are the world’s largest electronics chain, and a leader in music sales. Marketing management is at the second tier of its organizational structure, meaning it is at a very high importance level for the corporation (Kelley). They have over 800 retail outlets and an extensive online site that offers even more products than what is stocked on the shelves. All of this translates to great promotional and marketing opportunities for a new release. Both the tried-and-true physical stores and the technically backed and maintained website allow an artist’s new material to stand out and get noticed over other retail markets.…

    • 919 Words
    • 4 Pages
    Good Essays
    Read More

Related Topics