Best Buy (BBY) SWOT Analysis

Best Buy (BBY) SWOT Analysis

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Strengths

Global Market Leader Market leading position brings many benefits to those companies. Generally, they possess good brand...
google point
service
2012-2013 hour Two Remeber Photography Sudio Decca Group
customer centricity approach
Best Buy Mobile
Bestbuy.com
silverware
International Expansion
Global Market Leader
Tupperware
Unique In Store Marketing Plan
Inhouse Brands like Insignia
Customer Loyalty at Best Buy is Powerful
Focused on Variety and Customer Service
Pricing Power Over Suppliers and Customers
Innovative Culture From Geek Squad to Sales People
Size and Cost Advantages Help Best Buy Beat Rivals
Brand Name Allows Premium Pricing
Exclusive Brands Exclusive brands allows a company to keep products that customers can only find at one place. This...
IT Service Business IT service businesses typically offer higher margins than for hardware manufacturers of sellers. IT...

Weaknesses

Too Much Overhead
None-commissioned based sales force reduce motivation of workers
Customer Sercvice is Horrible
DVDs and Blue Ray Disc Are Becoming Less Popular
Needs More Knowledgable Employees in Specific Areas
Large Store Format Does Not Suit All Customers
Warranty Programs Could Use Improving

Opportunities

Online Growth Potential The market for online electronics is large and growing. Best Buy hasn't embraced this potential...
Store Branded Producst Could Increase Margins
Aquisitions of Rivals
More Innovation Could Help Best Buy
New Products and Services Could Increase Revenue
Circuit City The impending bankruptcy of Circuit City is seen to aid Best Buy, because of reduced competition.
Console to Game Switch Video game sales should increase as customers switch from buying consoles to games. This should help...

Threats

Best Buy Threats
Strong Competitors
Digital media is hurting best buy's profits, which rely on physical products.
Small Products are Getting More Desirable. Unfortunately, they are easy to buy over the internet.
Online Sources of Electronics are Cheaper
Intense Competition From Mega Retailers and Online
Lower Margin Substitute Products Could Hurt Best Buy
Online Gaming Online games are growing in size and popularity. This hurts businesses that rely on sales of console...
Highly Discretionary Product Highly discretionary product could be affected by economic downturns as people focus on savings...

Best Buy (BBY) SWOT Analysis Profile

Best Buy Co., Inc. is as a specialty retailer of consumer electronics, home-office products, entertainment software, appliances, and related services with stores in the United States, Canada, and China. (read full profile)

Additional Information

What is a SWOT Analysis? It is a way of evaluating the strengths, weaknesses, opportunities, and threats that affect something. See WikiWealth's SWOT tutorial for help. Remember, vote up the most important comments. Check out WikiWealth's entire database of free SWOT reports or use our SWOT analysis generator to create your own SWOT template.

SWOT Conclusion

Strengths + Opportunities = 28

Threats + Weaknesses = 16

… A history of overcoming weaknesses makes it difficult for other firms to exploit their difficulties. The ability to capitalize on opportunities get rewarded with higher profits and lower costs.

SWOT Analysis Survey

History of fixing weaknesses?

History of capitalizing on opportunities?

History of defending against threats?

History of maintaining strengths?
Page tags: bby _opportunity:capitalize _weakness:fix
page revision: 52, last edited: 14 May 2013 05:39
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