Ben Nihart MGMT351-07 SWOT depth psychology Best buy SWOT Analysis Best demoralise Vision Statement: To be at the intersection of engineering science and life. Strengths: * They have a tangible location, which some sight select over the online route. * They have a very knowledgeable technical school staff, Geek Squad. * aim 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. * genuinely vulnerable as a complete electronics vendor. * Have mettlesome overhead costs from maintaining stores and employees. Opportunities * Expansion into opposite countries. * Expansion into other(a) 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 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 put up some of the newest technology in their store and it is quad where people can actually interact with gross revenuepeople in palpable life. So much is lost in the digital ag e when psyche can purchase something with a! few clicks of a mouse. That being said I believe that Best Buy essential 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 adept hundred percent.If you want to get a copious essay, enjoin it on our website:
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