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Best Buy Case Discussion

Best Buy Case Discussion

Q Please listen to this week's external analysis recording and read the Best Buy case before answering the question. First identify which factors of the PESTEL model are impacting Best Buy. How should Best Buy adjust based on recent changes in its external environment? Then evaluate the competitive forces in the consumer electronics retail industry to identify the forces controlling its profitability (Porter's five forces analysis). You are going to go through each of the five forces and discuss whether you think the force is strong (remember strong means bad for the firm) in Best Buy's case. You will then tell us overall if you think Best Buy is positioned for long term profitability? You must post before seeing the replies of others. You are expected to comment on at least one other person's post.

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Hey Class and Professor I hope you all will be doing well. The best-buy company is one of the most leading company in Electronics. The company provides consumer technology products and services. The company’s products are consumer electronics, appliances, computing devices, mobile phones, and many other entertainment products. The BestBuy Company is also listed on the New York stock exchange. The companies do PESTEL analysis for the strategic and systematic evaluation of the business prospects and the risk and the potential opportunities for a business in a new environment.