Gather the relevant facts from the firm’s external environment. Using Porter’s five-forces model, gauge the attractiveness of the consumer electronics retail industry. Integrate the strengths and performance of major competitors into the analysis.
Assess the company’s strengths and weaknesses by examining Best Buy’s internal environment, segment performance, and financial results. Does the company have the capacity to establish a competitive advantage that can be sustained in future market conditions?
Identify the prominent features of the company’s current business and functional strategies, and consider the Best Buy family of complementary products and services.
Weigh the challenges confronting the company. What are the greatest risks for Best Buy as it moves into the new era of connectivity? What recommendations can be made to support the company’s growth and profitability objectives?
