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In 2001, he received the Decade Store News of the Decade, a specialized retailer. In 2006, the company was recognized by Fortune as one of the most respected companies in the United States. In addition, the company was included in the top ten most expensive companies by Forbes in 2005. The company became the sole supplier of electronics both online and offline in 2009 after Circuit City went bankrupt և ceased operations..
Best Buy also has different brand stores և regional billboards, so there is a wide range of buyers. Best Buy has had its ups and downs, as have many companies. In 2004, the company received the Forbes Award for Best Company of the Year..
Analyzing the strengths, weaknesses, opportunities and threats facing the company is important to understand the future of the company. In terms of strength, the company has shown a willingness to apply a variety of approaches and solutions. This step is very important, because the technological and economic environment is constantly changing. The company operates in a decentralized structure, so the branches do not need to wait for central management decisions…
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Fry Electronics continues to be Best Buy’s main competitor in the western United States. Best Buy offers both pickup in stores and online marketing. Consumers can also buy electronics online և use their preferred shipping methods (Bensen, Haddi, Fitzsimmons & Marotske, 2012)..
This speeds up the decision-making process and therefore promotes better governance. The company also managed to attract the attention of the local market. Certain products can be found in cities like Chicago, which means that another strength of the company is that it has up-to-date wholesale information for distribution and logistics. Best Buy also has the opportunity to build supply chains in the United States…