Homework: Strategic Management
Learning Outcomes:
1) Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations.
2) Explain the contribution of functional, business and corporate strategies in the competitive advantage of the organization.
3) Communicate issues, results and recommendations coherently, and effectively regarding appropriate strategies for different situations.
Task
Read carefully the case study No 24 from your textbook (Best Buy Co. Inc: Sustainable customer centricity Model?) and answer the following questions:
1) Identify opportunities and threats as well as strengths and weakness of the company.
2) What is/are the strategy (ies) used by Best Buy?
3) Explain the contribution of various functional areas of Best Buy Company to its well-being.
4) Determine the issues affecting to the strategic competitive advantage of the company.
5) Recommend solutions for Best Buy to improve its competitive advantage.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.