SOCL 2505 Lecture Notes - Lecture 5: Best Buy, Circuit City Corporation, The Main Point
Document Summary
Discussion questions: swot analysis: identify best buy"s internal strengths and weaknesses, and external opportunities and threats to analyze internal and external conditions best buy must consider going forward. Internal weaknesses: large reliance on its stores rather than online base, best buy is depending on its many stores in various locations, focuses a lot on sales of big cost items such as televisions, video games, and cameras. Lastly, because of their focus on stores, bestbuy is forced to work with more operating expenses than many other companies (rent, utilities, taxes, etc. ) More and more customers are turning to bestbuy as their source for electronics: the main point is that as technology continues to be innovative and change their top products, bestbuy will continue to have customers in their stores. External threats: newer online platforms are providing services and electronics in much quicker and convenient ways, shopping on foot is becoming second best to buying online.
