Company Analysis Best Buy Co. - 1188 Words

The overall health of companies long-term is determined by the strategies and the goals for future growth in marketing. One of the best ways a company can analysis its sustainability is by understanding its strength, weakness, opportunities and threats (SWOT). Best Buy Co., Inc. the largest consumer electronics retailer is known to be the leading provider of technology products, services and solutions with 1,400 stores and is located in Canada, Mexico and the United States. (Best Buy, 2016) STRENGTHS †¢ Brick and Mortar Retailer †¢ Brand Loyalty in price and services †¢ Customer and technical support (Geek Squad) †¢ Specialized electronic retailers such as Apple †¢ Strong infrastructure †¢ Discounts, rewards, and warranty plan for purchases WEAKNESSES †¢ Sales Growth †¢ Mid-range profit market despite †¢ Management of inventory †¢ Senior Management staff turnover OPPORTUNITIES †¢ E-commerce rising popularity that is increasing †¢ Electronics more prevalent in consumers today †¢ Exclusive brand technology †¢ Absents of mobile technology rate †¢ Holiday sales to increase customer interest †¢ Improved technology †¢ New smartphone on the market yearly †¢ Less competitors †¢ Growth internationally in other countries †¢ Laws THREATS †¢ Competitive pricing and sources †¢ Competitors such as Amazon that under cut prices online †¢ Labor Wage rising due to political changes †¢ Competitors price matching †¢ Direct sales to consumers from the manufacturer †¢ Competitors expanding their onlineShow MoreRelatedCritical Analysis 11154 Words   |  5 PagesSanchez BA 3103 Christopher Monos 9/23/13 Critical Analysis: Best Buy 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. â€Å"The company reported revenues of (U.S. Dollars) USD 50,705.00 millionRead MoreReal Estate and Capital Structure Decisions – Lease-Versus-Buy Analysis1159 Words   |  5 PagesTable of Contents I. Introduction 3 Overview 3 The Company 3 Situational Analysis 3 II. Case Analysis 3 Considerations 3 Purchasing 4 Recommendation 5 III. Summary Conclusions 5 IV. References 5 V. Appendix 6 I. Introduction Overview This case provides real estate market data for the analysis of an office lease-or-buy decision. The case demonstrates what is known as the â€Å"leasing puzzle† – the answer simply being that the two forms of financing are not cost equivalent inRead MoreBest Buy Co. Inc.1250 Words   |  5 Pagesenvironment, and the environmental analysis of Best Buy Co. Inc. Best Buy Co., Inc is a â€Å"multi-national, leading retail provider who sells consumer technology products and the largest company who is well known for selling products, such as â€Å"electronics, appliances, computing and mobile phone products, entertainment software and other related services.† Most customers and consumers may just know Best Buy to offer the Geek Squad. Geek Squad is a service that Best Buy provides that specializes and assistsRead MoreCompany Overview of Best Buy894 Words   |  4 PagesBest Buy Company Overview Best Buy Co, Inc. is primarily a technology based retail store, basing sales on low prices and discounts. A National chain that reaches into Canada their focus on popular entertainment and new and ever innovative technology often leaves them on the forefront of many substantial offerings. Not strictly confined to technology Best Buy provides many office essentials from software for the home and business to any number of related services. A corporate family containing aRead MoreBest Buy -Circuit City Case Search1238 Words   |  5 PagesBest Buy- Circuit City Case-17% 1. Be an informed consumer evaluate where the replacement of highly paid workers with lower paid worker did or did not cause Circuit city to perform so poorly. How confident are you in your evaluation? Why? In evaluating whether or not the replacement of highly paid workers with lower –paid worker at Circuit City caused them to perform poorly I found several factors that lead me to believe this to be true. Circuit City started off being the number one retailerRead MoreBest Buy Marketing Plan1329 Words   |  6 Pages Best Buy Marketing Plan Best Buy Marketing Plan Marketing 600: Marketing Management TABLE OF CONTENTS Executive Summary X Introduction X Situation Analysis X Industry Analysis X SWOT Analysis X Marketing Strategy X Objectives X Financial Projections X Implementation Controls X References X Introduction Since its start in 1966 Best Buy Co., Inc. hasRead MoreLevis Stp Analysis1539 Words   |  7 Pages------------------------------------------------- On: ------------------------------------------------- STP ANALYSIS ON LEVI’S DENIMS IN CHENNAI NIFT ------------------------------------------------- ------------------------------------------------- By : ------------------------------------------------- SRINIDHI.R (MFM/12/ 84) ------------------------------------------------- INDUSTRY ANALYSIS: ------------------------------------------------- The apparel industry is comprised of clothing,Read MoreBest Buy Business Case Outline975 Words   |  4 PagesI. Best Buy:Executive Summary a. Short review and history Best Buy Co. is a multinational retailor of consumer electronics, home office products, entertainment software, appliances, and related services. The company recorded revenues of $50,272 million FY2011, an increase of 1.2% over FY2010. With the 5.4% decrease in operating profit, 3% decrease in net profit, and subsequently the decrease in net earnings, Best Buy’s founder and chairman decided something needed to be done. Dick SchulzeRead MoreMarketing Analysis : Best Buy982 Words   |  4 PagesThe consumer electronics retailer, Best Buy, is a private company founded in 1996 by Richard Schulze. The company now operates retail stores and call centers in domestic and international markets. The company’s headquarters is located in Richfield, Minnesota and current CEO/president is Hubert Joly. It has retail stores in the U.S., Canada, Mexico, and China. Computers, laptops, smartphones, accessories, televisions, video games, audio players, home appliances, and many more prod ucts are sold throughRead MoreSelling Of Music By Richard Shulze And Gary Smoliak1079 Words   |  5 PagesIn 1966 Best Buy was co-founded under its original name â€Å"Sound of Music† by Richard Shulze and Gary Smoliak. In 1983, they changed the name to Best Buy and also changed the company’s focus to concentrate more on consumer electronics. Best Buy now has more than one thousand one hundred fifty big box stores with additional express locations around the world. They offer many name brand electronics from companies like Sony, Apple, and Hewlett-Packard along with many house brands that include Five Star