Instructions: Write a Strategic Analysis report on Best Buy Co., Inc. Please
present your paper in the following order, using the same section titles you see below.
There is no official page limits. However, you are expected to be thorough and to relay and
evaluate relevant information.
1)Executive Summary (Maximum of one page):
a)Describe and evaluate the firm: products, markets, size, etc.
b)Describe and evaluate the industry: dominant firms, keys to success, etc.
2)Evaluate Global Environment Strategies (Ch 8):
a)Identify the major international opportunities for the firm. This can include both sales opportunities as well as outsourcing.
b)Identify the global strategy(s) that the firm should employ (Ch 8)
c)If your suggested global strategy is new to the firm, what “Entry Mode” (Ch 8) do you recommend?
d)Discuss whether the company should have a greater emphasis on its domestic or its global opportunities.
3)Make Strategic Choices:
a)Select one or more business level strategy that the firm should implement
b)Select one or more corporate level strategy that the firm should implement
c)Select one or more international competitive strategy that the firm should implement
d)Select and defend each of your preferred strategic choices, evaluating the pros and cons of each.
e)Specifically discount other options, explaining why they are inferior.
4)Identify Key Institutionalization Processes to implement your selected strategies:
a)Indicate how each of the following implementation factors will be managed to implement strategy:
5)Organizational Structure (Ch 12). Identify your company’s current organizational structure and evaluate how well it can help to implement your strategic choices from part 8 above.
a)Should the organization employ a tall structure or a flat structure?
b)If structure needs changing, describe which organizational structure would be best suited.
6)Leadership (MGMT 680).
a)What model of leadership is best suited to implement your strategic choices. Select from the following models covered in: task-oriented, pathgoal, contingency, trait, or relationship-oriented.
b)What is the current CEO’s leadership style (transformational or transactional)
c)What type of power is best suited to implement your Strategic Choices
d)How could the firm’s leadership be improved?
7)Organizational Culture (Ch 12 and MGMT 680).
a)Apply Hofstede’s dimensions of culture and describe how each will be applied to implementing your strategic choices from part 8 above (MGMT 680).
b)Is your firm’s organizational culture strong or weak (MGMT 680)? What should it be to implement your strategic choices from part 8 above?
c)How well does your firm’s organizational culture value diversity (MGMT 680)?
d)How can the firm’s culture be improved?
8)Ethics and Social Responsibility (Ch 11):
a)Identify and evaluate the firm’s current code of ethics. What are its strengths and weaknesses?
b)Identify and evaluate the company’s ethics statement.
c)Evaluate how well the firm performs in managing its ethics and the ethical conduct of its employees.
d)Evaluate how well the firm involves stakeholders in its decision-making.
e)Evaluate the firm’s management of employee demographic and cultural diversity.
f)To what degree are the firm’s ethics aligned with its current situation? Evaluate.
g)Recommend possible changes to the firm’s approach to ethics and social responsibility.3
9)Project Future Trends:
a)Forecast any major changes that can be expected, both for the company and its industry taken as a whole.
b)What do you expect the firm’s position to be in 5 years after implementing your Strategic Choices
c)Project what new Competitive Advantages your company will need to develop to be competitive
10)in the future? Justify and explain your answer