Best Buy Swot Analysis

University of Phoenix Material

Organizational Planning Worksheet

Complete each section below and cite your sources when necessary.

  1. Name a Fortune 500 company in the following textbox:

Best Buy |

  2. List the company’s internal and external stakeholders in the following chart:

Internal stakeholders | External stakeholders |
Richard Schulze, co-founder   (USAToday, 2013) | Customers |
Hubert Joly, CEO (USAToday, 2013) | Suppliers |
Sharon McCollam, CFO   (Lee, 2012) | Shipping Services |
Store Employees | Competitors |

  3. What is the company’s mission and vision?

"Our formula is simple: we’re a growth company focused on better solving the unmet needs of our customers—and we rely on our employees to solve those puzzles. Thanks for stopping. " (Making a Fortune, n.d) |

  “Making life fun and easy for consumers” (Zoom Share, n.d.) |

  4. Company goals

List at least one company goal that can be accomplished through a strategic plan:

“To be the best consumer electronics outlet in the US and beyond” (Hoovers, 2013) |

List at least one company goal that can be accomplished through an operational plan:

To become a larger internet retailer |

  5. Insert a SWOT analysis in the following chart:

Strengths | Weaknesses |
Recognizable brand name | Large storefronts, which make quick trips difficult |
Non-commission paid sales staff | High overhead |
Large online presence | Products often appear in disarray |
Opportunities | Threats |
More online growth | Large supercenters, such as Wal-Mart |
Other big name electronics stores going under | Electronic discounters and resellers |
More high end items | Stiffer online competition |

  6. Insert strategic and operational plans:

Open stores in at least 2 new countries per year |
Already top retailer in US.   This will cover the...