Describe the different issues related to environmental scanning, strategy formulation
- Learning Outcomes:
- Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations. (Lo2)
- Explain the contribution offunctional, business and corporate strategies in the competitive advantageof the organization. (Lo3)
- Communicate issues, results and recommendations coherently, and effectively regarding appropriate strategies for different situations (Lo 6)
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. 1pt
- What is/are the strategy (ies) used by Best Buy? 1 pt
- Explain the contribution of various functional areas of Best Buy Company to its well-being. 1 pt
- Determine the issues affecting to the strategic competitive advantage of the company.1pt
- Recommend solutions for Best Buy to improve its competitive advantage. 1pt
Notes:
- Copy/paste the phrases from the text is not acceptable. You must use your own words.
- Using the terminology developed in the course of Strategic Management is highly valued.
Requirements: long | .doc file
Answer preview:
