Homework: Strategic Management
Learning Outcomes:
• Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations.
• Explain the contribution of functional, business and corporate strategies in the competitive advantage of the organization.
• 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:
• Identify opportunities and threats as well as strengths and weakness of the company.
• What is/are the strategy (ies) used by Best Buy?
• Explain the contribution of various functional areas of Best Buy Company to its well-being.
• Determine the issues affecting to the strategic competitive advantage of the company.
• Recommend solutions for Best Buy to improve its competitive advantage.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.