Swot Analysis of Best Buy

Ben Nihart MGMT351-07 SWOT compend Best buy SWOT Analysis Best demoralise Vision Statement: To be at the intersection of engineering science and life. Strengths: * They have a carnal location, which some plenty select over the online route. * They have a very knowledgeable technical school staff, Geek Squad. * stomach a diverse group of tech products from computers to cameras, to washers and dryers to cds and dvds. Weaknesses * Customer Service, in a poll conducted in 2010 1/3 of Best acquire customers left unsatisfied. * very(prenominal) vulnerable as a complete electronics vendor. * Have blue overhead costs from maintaining stores and employees. Opportunities * Expansion into opposite countries. * Expansion into new(prenominal) products other than electronics. * Possible expansion in their product line. * evolution a strategy to compete with online sites such(prenominal) as virago and Ebay. Threats * The digital years of music, movies, etc. Lessens ask to purchase hard duplicate of these. * Other competitors; Circuit City, CompUSA, Amazon.com, level(p) Wal-Mart, Target, etc.

* Possibility of losing customers to wholesale business. I think that for the most bureau Best Buy has lived up to their care statement, because they are at the intersection of technology and life. I believe this to be dead on target because they tender some of the newest technology in their store and it is quad where people can actually interact with salespeople in palpable life. So much is lost in the digital age when individual can purchase something with a few clicks of a mouse. That macrocosm said I believe that Best Buy mold! iness focus a little more on their online sales to avoid being overtaken by sites like Amazon and Ebay. By doing this they will be holding true to their mission wholeness hundred percent.If you want to get a copious essay, aver it on our website: OrderEssay.net

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