Bus 6320 Unit Vi Powerpoint Presentation - Columbia Southern University

Unit VI Powerpoint PresentationJimmie ShelmonBUS 6320April 2022Best Buys Situational AnalysisBest Buy is an American multinational patron electronics retailer founded in 1966 by Richard M. Schulze and James Wheeler in 1966 in Richfield, Minnesota.Today, Best Buy sells tablets, computers, phones, game systems and household electronics.October 24, 2002. Geek Squad is a company that was started in 1994 by Robert Stephens.Best Buy bought Magnolia Hi-Fi, a high end retail video and audio store, in December 2000 (Yu; 2020). Pacific Sales Kitchen and Bath Centers was acquired for $140 million in January 2006.Best Buys Problems IBest Buy heavily depends on the US marketFails at maintaining inventoryBest Buys Problems IICompetition from Amazon and other e-commerce companiesBest Buys Solutions IBest Buy needs to expand overseas before they run out of businessWeaknesses: This is very costly. It is a huge risk if it fails.Strengths: There is potential in other areas.Best Buys Solutions IIBest Buy should dedicate more to preserving their inventory like Amazon.Weaknesses: This very costly. Stocking the wrong items would be a mistake.Strengths: Consumers will always have the items they would like.Best Buys Solutions IIBest Buy needs to improve their e-commerce presence.Weaknesses: This will take considerable man-hours.Strengths: Consumers can order products easier. Consumers can get