Swot Analysis of Best Buy

Ben Nihart
MGMT351-07
SWOT Analysis
Best buy SWOT Analysis

Best demoralise Vision Statement: To be at the intersection of engineering science and life.

Strengths:
* They have a physical location, which some people select over the online route.
* They have a very knowledgeable technical school staff, Geek Squad.
* Have 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 vulnerable as a complete electronics vendor.
* Have high overhead costs from maintaining stores and employees.
Opportunities
* Expansion into opposite countries.
* Expansion into other products other than electronics.
* Possible expansion in their product line.
* Developing 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 copy 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 offer 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 someone can purchase something with a few clicks of a mouse. That being said I believe that Best Buy must 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 one hundred percent.If you want to get a copious essay, order it on our website: Orderessay



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