You are asked to answer three questions about Best Buy:
Analysis: Focus on External and/or Internal Environments
- Describe the positioning of Best Buy relative to its main competitors.
- Apply the VRIO framework to determine whether Best Buy has a competitive advantage. If so, is its competitive advantage sustainable? Why or why not?
- What is Best Buy’s business-level strategy? What are its main value and/or cost drivers?
- How should Best Buy adjust its business-level strategy in light of recent changes in its external environment?
Formulation: Focus on Business, Corporate, and/or Global Strategy