Ben Nihart MGMT351-07 SWOT synopsis Best buy SWOT Analysis Best demoralise Vision Statement: To be at the intersection of engineering science and life. Strengths: * They have a natural location, which some lot select over the online route. * They have a very knowledgeable technical school staff, Geek Squad. * incur 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. * in truth vulnerable as a complete electronics vendor. * Have gamey overhead costs from maintaining stores and employees. Opportunities * Expansion into opposite countries. * Expansion into different products other than electronics. * Possible expansion in their product line. * development 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 repeat 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 prolong some of the newest technology in their store and it is quad where people can actually interact with gross salespeople in palpable life. So much is lost in the digital age when some single can purchase something with a few cli! cks of a mouse. That macrocosm said I believe that Best Buy mustiness 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, nine it on our website:
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