Essay on Best Buys
“Best Buy Corporation: Strategic Management Analysis” S. Bensen, A. El Haddi, K. Fitzsimmons, A. Hussein, H. Marotske Strategic Management University of St Thomas, College of Business Executive MBA program, Cohort 62
Best Buy’s news coverage of the last few years has been consistently negative. The company’s performance and reputation suffered greatly. Its Earnings per Share fell by more than 200% in 2012 alone. These negative events were the result of governance problems, a changing market landscape (cloud computing, music streaming, online purchasing, online gaming, etc.) and a significant leadership turnover in a …show more content…
Best Buy Corporation - S. Bensen, A. El Haddi, K. Fitzsimmons, A. Hussein, H. Marotske -- UST EMBA
Figure 1: Best Buy brands.
2. BEST BUY VALUE STREAMS
Organizations can pursue one of the following value streams: Operational Excellence (OE), Customer Intimacy (CI) or Product Leadership (PL). They must master at least one value stream in order to succeed in the market place.
2.1 Value streams defined
Organizations that pursue OE lead in overhead cost minimization and convenience maximization by designing and deploying processes and systems that drive efficiency whether in production or in delivery of goods or services. Companies whose objective is