Categories: SWOT Analysis

SWOT Analysis of Best Buy

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<h3 align&equals;"justify">Opportunities<&sol;h3>&NewLine;<p align&equals;"justify">• The company now starts to modify its stores by converting according to the needs of its consumers&period;<&sol;p>&NewLine;<p align&equals;"justify">• In the United State digital Entertainment is all known in the market of electronics&period;<&sol;p>&NewLine;<p align&equals;"justify">• Manufacture of new models of electronic models like DVD&comma; TV&comma; HD-DVD players etc have very high demand and could help in improving the company sales and profit&period;<&sol;p>&NewLine;<p align&equals;"justify">• One of the demanding products in 2004 of the company was LCD&comma; which increase the profit to a great extent&period;<&sol;p>&NewLine;<h3 align&equals;"justify">Threats<&sol;h3>&NewLine;<p align&equals;"justify">• In 2005 the company shows no interest in its 36 months announcement for the home theater system&comma; it only shows it interest in credit promotion&period; As keep in mind that most of the user are happy with the products like home theater and can be attracted by such type of things&period; So the company is very affected by such type of strategies&period;<&sol;p>&NewLine;<p align&equals;"justify">• The company faces a lot of competitors who offered discounts in electronics products thus the company must also show such type of strategies&comma; thus it would maintained its position in US&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<h3 align&equals;"justify">References<&sol;h3>&NewLine;<p align&equals;"justify">1&period; Owning support and service online—-quick wins&colon; move <a href&equals;"http&colon;&sol;&sol;forums&period;bestbuy&period;com&sol;bb&sol;">http&colon;&sol;&sol;forums&period;bestbuy&period;com&sol;bb&sol;<&sol;a><&sol;p>&NewLine;<p align&equals;"justify">2&period; Geek Squad – good service and its positioning supports a contemporary&comma; non-Wal-mart view of the world&period;<&sol;p>&NewLine;<p align&equals;"justify">3&period; Be more of a Borders Books for electronics – give the store and online experience a more community feel<&sol;p>&NewLine;<p align&equals;"justify">4&period; barryjudge&period;com&sol;best-buy-brand-swot-analysis-using-open-principles-test&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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