provide a comprehensive analysis of the company “Best Buy” and
offer strategic recommendations.
External Analysis: Environment, Industry, and Five Forces
– What elements in the macro-environment will significantly affect the organization’s
performance? Discuss the impact of economic, social, cultural, demographic,
technological, legal and global factors when applicable. Has the organization been
dealing with these factors effectively?
– What are the evolutionary patterns of the industry or sector in which the organization
under examination is located? What are the trends in the industry? Has the organization
been responding to these trends effectively?
– What are the organization’s competitors? What are they doing? How do they affect the
organization’s performance? How has the organization been responding to competitors’
strategic moves? Are these responses sufficient and effective?
– What are the organization’s customers, suppliers, substitutes, complementors, and
potential competitors (new entrants)? How do they affect the organization’s
performance? Has the organization been dealing with these forces effectively?
its top management team
