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Best Buy Case Analysis: Vision, Mission, Goals, Objectives

Instructions:

This is a case analysis on Best Buy.
The following format is needed for the paper
General
-Vision
-Mission
-Goals
-Objectives
Corporate Governance
-Agency Theory
-Stewardship Theory
-Sarbanes-Oxley
Corporate Social Responsibility
-Milton Friedman vs. Archie Carroll
-Economic (must do), Legal (have to do), Ethical (should do), Discretionary (might do)
SWOT (Strengths, Weaknesses, Opportunities, Threats)
-SFAS (strategic factor analysis summary)
What strategy do YOU SUGGEST they follow (strategy formulation)?
-Functional Strategy: core competency, distinctive competency, etc.
-Business Strategy: low-cost, differentiation, focus, etc.
-Corporate Strategy: growth, stability, retrenchment, etc. – what is their `corporate strategy` (if they are a multi-business enterprise)? And what does their portfolio look like (e.g., BCG -- Boston Consulting Group; GE Matrix, Corporate Parenting)? Which areas do they want to grow, which do they want to keep stable, and which do they want to scale back from (retrench)
Implementing the strategy
-How would you do it, what changes are needed, discuss challenges, tradeoffs, etc.
Evaluation and Control
-How would you control it (once you have implemented it)
-Quantitative Analysis (financials, etc.)
Attach will be the case for best buy. Please implement charts for the Quantitative & ratio analysis. Also be very detailed and precise, use current trends from the company as well in the strategy. Thank you!

Content:

Best Buy Case Analysis Name: Instructor: Institution: Date: Strategic Management In any organization or company, the critical factor considered for successful business operation is how the overall administration of the company is done. It requires skills, personnel and well-laid strategies for success to be realized. The management, therefore, must possess the required knowledge and expertise to enable them to operate the business efficiently. Effective competition finds its root from the strategic planning and management (Hill, Jones & Schilling, 2014). In this study, Best Buy Company is taken as a case study. The analysis will be done based on the Company`s strategic management plans. Furthermore, the key competition points employed by the company both internally and externally are of great interest for the study. At the end of the study, it will be found out how the company`s economic and social organization affects the production of the business (Hitt, Ireland &Hoskisson, 2012). General Best Buy Company is a leading company with branches in America, Canada, China, and Turkey. It deals with electronics retail consumptions. Its vision is to be a service-oriented firm. On the other hand, the mission of the company is to make technology deliver on its promises to customers in the best capacity possible. To realize this mission, Best Buy Company sensitizes people on the use of technology and how it helps in improving their lifestyles. Obj...

Vision, Mission, Goals, Objectives

Best Buy Case Analysis: Vision, Mission, Goals, Objectives

Instructions:

Content:

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