1. How dynamic is the industry in which Best Buy is based? Is there any evidence that innovation is reshaping competition or has done so in the recent past?
2. Identify any strategic groups that might exist in retail. How does the intensity of competition of Best Buy differ across these strategic groups?
3. In what stage of its lifecycle is the industry in which Best Buy is based? What are the implications of this for the intensity of competition now? In the future?
4. Location is not always crucial for the success of a firm and requires detailed demographic research within the area, significant financial investment research, and elaborate planning.