MGT 401 Strategic Management Used by Best Buy Case Study
Description
- Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations. (Lo2)
- Explain the contribution of functional, business and corporate strategies in the competitive advantage of the organization. (Lo3)
- Communicate issues, results and recommendations coherently, and effectively regarding appropriate strategies for different situations (Lo 6)
Read carefully the case study No 24 from your textbook (Best Buy Co. Inc: Sustainable customer centricity Model?) and answer the following questions:
- Q1 Identify opportunities and threats as well as strengths and weakness of the company
- Q2 What is/are the strategy (ies) used by Best Buy?
- Q3 Explain the contribution of various functional areas of Best Buy Company to its well-being.
- Q4 Determine the issues affecting to the strategic competitive advantage of the company.
- Q5 Recommend solutions for Best Buy to improve its competitive advantage.
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