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Internal Analysis: Best Buy: Strategy
Internal Analysis: Best Buy: Strategy
Tangible:
1100 stores in US and 2800
Stores in Canada, Mexico,
China, and Turkey.
155000 Skilled and trained
Internal Analysis : Best Buy
employees
Distinctive Compe
Customer Data
19% ofmarket
e share
Highly trained sales
professionals.
Intangible
Brand equity & Name
Online Stores
Employee knowledge
Advanced software and
service quality
Standard Operating
Procedures
Geek squad
Strategy Competitive Advantage
Provides deliveries & Superior Profitability
Largest brick and mortar
installation by skilled electronics retailers By growing its
Distinctive Competencies: and trained employees Strong Market share of customer base.
Offers good warranty 19% and market leader
Customer Centricity and guarantee to the Gaining
Quality services offered
Model : providing their customers for attraction International market
to the customers
customer with highly sales Use advanced research Skilled, valued ,trained Invested heavily in
associates who are available and development to workforce make more various company
to educate customer design its product & competitive which increase
regarding product features. services which makes Use efficient sales tactics revenue
The ability to effectively Use efficient sales that helps to compete significantly.
determine where to expand tactics against retail competitors
and integrating employees Focus on customer Meet customer need end
from acquired companies service and product to end solutions
and its constant effort to repair. Specialty stores: Mobile ,
meet and anticipate Enhance employee Cannon stone ,Movie
customer needs and demand engagement Introduced rental etc.
Retaining Talent of highly Induction training Standard operating
trained professionals. program . Procedures.
Capabilities
Latest Technology and
gadgets: All kinds of options
available at their store.
Geek Squad –Installations for
home offices and business.
Offers latest electric Items
through multiple channels.
Unique and compelling service
proposition
Serves a large customer base
and meet customers need end
to end solutions.