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Best Buy Co

Management

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Best Buy Co., Inc Introduction • Provide a brief introduction of the case. Organizational Background • Provide information about the company, product, and industry. Situation Analysis • What are the details of the situation? Make sure to include who, what, why, when, how. • Perform a competitive analysis identifying a minimum of three competitors and comparing each of a list of attributes. • Perform an industry analysis demonstrating the health of the industry (research and supporting quantitative information required). • The use of analysis tools such as PESTEL, SWOT, and Porter’s Five Forces Problem • Identify and provide a thorough explanation of the perceived and underlying problems as well as the potential long-term effects. Alternatives • Provide alternatives or strategies that the company could implement. Include a minimum of three alternatives with multiple advantages/disadvantages of each applying the strengths and weaknesses within the company. • Discuss common considerations. What are the decision options? Are some stronger than others? What is at stake with each of these considerations (what is the level of risk)? Recommendation and Implementation • Choose which of the alternatives would provide the best solution to the problem, and provide thorough rationale. Use of decision-making tools would be appropriate here. • Explain how would you implement within the company. Construct a strategy for implementation. Conclusion - Simply summarize your case in 1-2 paragraphs. Your completed case study must be at least five pages in length, and you must use at least five peer-reviewed academic sources that are no more than five years old. Reference - Rothaermel, F. T. (2021). Strategic management (5th ed.). McGraw-Hill Education. IBM Introduction • Provide a brief introduction of the case. Organizational Background • Provide information about the company, product, and industry. Situation Analysis • What are the details of the situation? Make sure to include who, what, why, when, how. • What are current or future organizational issues at IBM? • Perform a competitive analysis identifying a minimum of three competitors and comparing each of a list of attributes. Explain how IBMs leaders drive competitive advantage. How does this impact their business strategies? • Perform an industry analysis demonstrating the health of the industry (research and supporting quantitative information required). • The use of analysis tools such as PESTEL, SWOT, and McKinsey 7-S Model. Problem • Identify and provide a thorough explanation of the perceived and underlying problems as well as the potential long-term effects. Alternatives • What are several potential solutions or business strategies to solving these organizational issues at IBM? Include a minimum of three alternatives with multiple advantages/disadvantages of each applying the strengths and weaknesses within the company. • Discuss common considerations. What are the decision options? Are some stronger than others? What is at stake with each of these considerations? • What is the role of innovation at IBM with respect to compiling an effective strategic plan? • Are there ethical ramifications within any of these potential solutions? Recommendation and Implementation • Choose which of the alternatives would provide the best solution to the problem and provide thorough rationale. Use of decision-making tools would be appropriate here. • Explain how would you implement within the company? Conclusion - Simply summarize your case in 1-2 paragraphs. Your completed case study must be at least five pages in length, and you must use at least five peer-reviewed academic sources that are no more than five years old. Reference - Rothaermel, F. T. (2021). Strategic management (5th ed.). McGraw-Hill Education