Best Buy Company, Inc Analysis Case Study Example | Topics and Well Written Essays - 1250 words

Best Buy Company, Inc Analysis - Case Study Example There are few factors which can effect the company i.e economic forces, social forces, cultural and environmental forces, Political, legal and governmental forces, technological forces, and competitive forces. There always been ups and downs in the economy. Either there is inflation or deflation. If the GNP is higher in the economy the income also increases and people can spend their incomes on different items. From last few years US is enjoying healthy economy. That factor is helping the retail industry as well. In future Best buy company profit may increase by as the trend shows. â€Å"Increasing GDP would be good for companies like Best Buy; however the smaller increases in GDP can have a negative effect on not only Best Buy’s sales, but Best Buy’s stock price if investors predict that GDP will fall in the future.†Ã‚  Best Buy Company is also socially committed and believes in literate people about technology. They are socially responsible. The company spent $ 13 million in teach Awards for the school to aware them from the new technologies about the classrooms. They also gave scholarships to the students all over the world. â€Å"Best Buy stores have awarded over $13 million in scholarships to nearly 11,000 students nationwide.†In this modern world, where every day new technologies are coming up and frequently they are becoming outdated. Under this scenario, the Best buy company has to keep itself up to date and must have to keep watch on the new technologies.... Social Forces: Best Buy Company is also socially committed and believes in literate people about technology. They are socially responsible. The company spent $13 million in teach Awards for the school to aware them from the new technologies about the classrooms. They also gave scholarships to the students all over the world. "Best Buy stores have awarded over $13 million in scholarships to nearly 11,000 students nationwide." (http://communication.bestbuy.com) Technological forces: In this modern world, where every day new technologies are coming up and frequently they are becoming outdated. Under this scenario, the Best buy company has to keep itself up to date and must have to keep watch on the new technologies. In this way the company can survive under intense competition. Legal and governmental Forces: Wisconsin State Attorney General's office took a serious civil action against Best Buy Company In 2005. They stated that the company is violating the consumer protection law by misleading the people about service plans, supplemental magazine subscriptions etc. Competitive forces: Where the company is enjoying healthy profits, there the company is also facing intense competition. The biggest competitors of Best Buy Company are Dell, Wal-Mart, Circuit City and all those retailers which are supplying those products on reasonable prices. The company should also bring some changes in their business to stay in the top line. Like, they should also offer their products online as other companies are doing. "To help overcome online competitors, Best Buy allows consumers to purchase their items online. Consumers then have an option of

Final research report Essay Example | Topics and Well Written Essays - 3750 words

Final research report - Essay Example Additionally, the study concludes by providing some recommendations that ought to be implemented in order to enhance the success of the product in the market. The aim of this study was to examine the essence of a new product by Google referred to as Google Glass. In the past few years, provision of medical care in health centers has been associated with some challenges due to the advancement of some diseases and complications related to health. The issue of security has also been one of the key subjects in almost all organizations in the world. Performance of activities in fixed places has also been a source of worry for many years. For instance, many accidents in the world are as a result of multitasking. Majority of the drivers cause accidents of operating their Smartphones while driving. It is as a result of this that I saw it well to research on Google Glasses as well as advocate their introduction and usage in everyday activities. Google Glass was launched in 2012 by Google Company. However, its usage was not rampant because of lack of awareness, only a few people knew about Google Glasses leave its advantages to this technological world alone. This is evidenced by the fact that the use of the Glass was opposed by many people who knew nothing about their applicability in the current life. In tandem with this, I saw it well to provide some of the best features of Google Glass in this report so as to back up my choice of the product. Google Glass has the potential to record videos, as well as take pictures without incorporation of the hands. With this feature, one can record criminal activities as well as take photos of the persons behaving in a unique way. In other words, the Glass can aid significantly in combating crimes such as terrorism and other types of violence in a given environment. Google Glass also serves as means of communication. This is evidenced by the fact that users of Google Glasses can send messages and emails to each other via