Transcript: · Best Buy was forced to close 50 stores in the past year. · Being able to compete with online stores, while providing hands-on customer service Current Position Determine profitable products · Utilities Stock Price More successful, prominent and stable electronic business! · Monitor productivity level of new stores · Shut down non-profit stores ·Peak price was at $59.00 per share ·Currently at $15.30 per share Mobile Stores, More Profits · Forbes Magazine 2004 "Company of the Year" · 1,400 retail locations with 170,000 employees 2002 March Extensive training to maintain excellent customer service. (cc) image by nuonsolarteam on Flickr Competitors Big Stores = Big Expenses · Leases expense · Analyze each store's financial position · Convenient locations History Revenue > Costs · Lower expenses = Lower Prices Four Step Process: · Open new mobile stores 2008-2012 · Approximately 40 employees (more during holidays) Results Move products to mobile stores · Mobile stores will be specialized based on buying habits of that geographic area · Insurance · Increase in stock value Profit = Success (cc) image by jantik on Flickr · Products display · Decrease store size = lower overhead costs Transfer knowledgeable staff to mobile stores. (if not close down) Placement Matters Methods of Implementation “Online prices are typically 10% lower than in-store prices”(CNBC, Jan. 2012) Richard Schulze & James Wheeler · Advertisement: Media exposure online and in store · Total costs rise from $38 billion in 2008 to $52.5 billion in 2012 · 1.2 billion loss in last fiscal year ·Downsizing is essential Best Buy's Income Statement
Transcript: Billion-dollar company Where they stand and what they offer In 1990, Best Buy eliminated commissions for standalone sales people, but retained bonuses for management and supervisors. In 1992, Best Buy hit the $1 billion mark in annual revenues. In 1994, Best Buy expanded to the Maryland and Virginia markets. In 1997, Best Buy became the first national retailer to sell DVD hardware and software. Richard. M. Schulze founded Sound of Music in 1966 which later became Best Buy and was the first CEO of it. Many other CEO's have come and gone but the most recent is G. Mike Mikan . In 1966, Richard M. Schulze and business partner Gary Smoliak opened Sound of Music, an audio specialty store, in Saint Paul, Minnesota In 1967, Sound Of Music acquired Kencraft Hi-Fi Company and Bergo Company. Two additional Sound of Music stores were opened near the University of Minnesota and in downtown Minneapolis. The Sound of Music ended its first year with gross sales of $173,000 (USD). On June 14, 1981, a tornado hit the Roseville, Minnesota store. Sound of Music responded with a "Tornado Sale," (with the sale promoted as a "Best Buy") and it became an annual event. In 1983, Sound of Music's board of directors approved a new corporate name: Best Buy Co., Inc What They Offer Best Buy is currently rank 53 in the fortune 500 and they are making a climb to the top. Best Buy offers a lot to the society they have one of the best customer services and they offer just a wide verity of product there if you need anything electronic that is definitely the place to go. The CEO The Best Buy Headquarters is located in Richfield Minnesota. Best Buy has gone international so there are approximately twelve hundred stores in the Best Buy arsenal at this moment. There will be more to come. Business Headquarters Best Buy sells consumer electronics as well as a wide variety of related merchandise such as computers, software, video games, music, DVDs, Blu-ray discs, mobile phones, digital camera, car stereos and video cameras, as well as home appliances (washing machines, dryers, and refrigerators), in a non-commissioned sales environment. Each store also includes installation of car audio and video equipment, on-site installation services, as well as a Geek Squad "precinct" for computer repair and warranty service and accidental service plans. Best Buy By: Miles Davis 21st Century Office The History
Transcript: Talent show A max of 20 participates Location: cordova middle school Address: 5631 N 35th Ave, Phoenix, AZ 85017 When: April 22, 2016 Details
Transcript: Grew out of a small video store called sound of music Opened up a best buy in china... Failed to keep any business in china Fivestar in china averaged 2 million a day and best buy in America only averaged about 2 milion on black Friday BLACK FRIDAY 80 percent is spent in fourth quarter and 40 percent on black Friday Got more customers by opening up at midnight went up 7 percent 2.5 million for first superbowl commercial will match any competitors price Fighting for competition after 45 years of business Over took circuit city in 2009 80 percent is spent in fourth quarter and 40 percent on black Friday Bought geek squad It was imposible for them to have a good year without having a good holiday 6 percent of all money is from geek squad alone
Transcript: Example of a Jeopardy Template By: Laken Feeser and Rachel Chapman When creating without a template... http://www.edtechnetwork.com/powerpoint.html https://www.thebalance.com/free-family-feud-powerpoint-templates-1358184 Example of a Deal or No Deal Template PowerPoint Game Templates There are free templates for games such as jeopardy, wheel of fortune, and cash cab that can be downloaded online. However, some templates may cost more money depending on the complexity of the game. Classroom Games that Make Test Review and Memorization Fun! (n.d.). Retrieved February 17, 2017, from http://people.uncw.edu/ertzbergerj/msgames.htm Fisher, S. (n.d.). Customize a PowerPoint Game for Your Class with These Free Templates. Retrieved February 17, 2017, from https://www.thebalance.com/free-powerpoint-games-for-teachers-1358169 1. Users will begin with a lot of slides all with the same basic graphic design. 2. The, decide and create a series of questions that are to be asked during the game. 3. By hyper linking certain answers to different slides, the game jumps from slide to slide while playing the game. 4. This kind of setup is normally seen as a simple quiz show game. Example of a Wheel of Fortune Template https://www.teacherspayteachers.com/Product/Wheel-of-Riches-PowerPoint-Template-Plays-Just-Like-Wheel-of-Fortune-383606 Games can be made in order to make a fun and easy way to learn. Popular game templates include: Family Feud Millionaire Jeopardy and other quiz shows. http://www.free-power-point-templates.com/deal-powerpoint-template/ Quick video on template "Millionaire" PowerPoint Games Some games are easier to make compared to others If users are unsure whether or not downloading certain templates is safe, you can actually make your own game by just simply using PowerPoint. add logo here References Example of a Family Feud Template PowerPoint Games are a great way to introduce new concepts and ideas You can create a fun, competitive atmosphere with the use of different templates You can change and rearrange information to correlate with the topic or idea being discussed. Great with students, workers, family, etc. For example: With games like Jeopardy and Family Feud, players can pick practically any answers. The person who is running the game will have to have all of the answers in order to determine if players are correct or not. However, with a game like Who Wants to be a Millionaire, the players only have a choice between answers, A, B, C, or D. Therefore, when the player decides their answer, the person running the game clicks it, and the game will tell them whether they are right or wrong.
Transcript: Refreezing the organization Objective Survive Prosper Growth Unfreezing the organization Cash flow ROIC + sales and net profit BSC # of new products available % of sales from new products Biocultural audit Level of integration/seperation Artifacts Hoffstedes cultural dimensions customer/employee satisfaction Surveys % of willingness to adapt # of days of external/internal education Control Artefakter Measures Unit cost Rate of inventory turnover Vertical integration Defect rate PPM # of warranty returns Flexible supply chain Customer service Performance Measures 3. Show me what you can Moving the organization Incentive Innovation and learning Measures People Internal process Structure Supply chain optimization Quality Measures 1. What do you believe to be the most relevant organizational and managerial issues to look at - when BB should make it work outside of Canada and USA JIT Delivery < 30 days Satisfaction survey # of returns # of 'geek squad' clients # of days to solve RMA Customer Motivation Culture Financial perspective Objectives Technology Pioneer Organizational allignment Internal/external congruence Objective 2. In regard to your answer in question 1, what theory do you find of most relevance to this case, substantiate with relevant arguments Objectives
Transcript: Best Buy employees would have to work until they found a solution That means staying at work all night and day if the job or situation requires it But now, we found the best way to manage our life time Creative Languages Rufat (cc) photo by Jakob Montrasio Analytical
Transcript: Porter's Five Forces Threat of New Entrants Bargaining Power of Suppliers MAP Bargaining Power of Customers Threats of Substitutes Rivalry Among Competitors Strengths History Founded in 1966 by Richard Schultz Headquartered in Richfield, MN Fortune Ranking 2010 revenues = $45 billion - A gain of $1 billion over 2010 #32 "Most bank for the Buck" #34 in # of employees Statistics Customer Service 24/7 Availability Phone Buy Back Program Geek Squad Competitive Pricing Evnironmentally Friendly International Presence Weaknesses Higher prices for computer services Customer Service Low Margin Products Cultural Adaptability Legal Problems Opportunities Offering more to customers Partnerships Expanding Product Lines Loyalty programs Music Other markets New Locations Going Greener Threats Competitors - Brick & Mortar Changes in Consumer Buying Habits Competitors Online Technology Costs are Decreasing Advances in Streaming Technology Continuing State of Economy Political & Social Upheavals Green Power Purchaser Limited by Capital Geek Squad Cars Wide Selection of Appliances & Electronics Best Buy specializes in TVs, gaming consoles, & computers Local retailers & Shop Local Movements "Future Proof" Technology Recycling Program for Customers Hold 21% of Market Ranked 45 in 2010 Organics Electric Vehicle Chanrging stations Consumer Expenditures Fuel Prices High Standard of work Online Shopping Utilizes Renewable Resources Increased Pressure to Turnover Inventory Best Buy neglected China's national condition following their European & American business models Discretionary Income Increase in Competition, decreasing pricing More cell phone carriers Movies on Demand Increased Shipping Costs Electric Scooters with GE TechForward Lawsuit Increased Comparision Shopping Looking to expand to Asia & Latin America Taylor Variety of Services Online Games/Movies Price Match Guarantee Competitive Advertising Fender Over 155,000 employees B2C Like Niche Markets are popping up in new & different categories Phone service wait times can be as high as 40 minutes Brand Loyalty Increased Use of Technology Virus & Software removal costs from $200-$300 Price Matching Programs Locations in Canada, China, Europe & China Connecticut Attorney General Minimum Advertised Pricing Preloading more software Inflation Improving Loyalty Programs Little bargaining power over pricing Specialty retailers Stand-alone Geek Squad Locations High Unemployment
Description: Catch the eye and engage the imagination with this cool-looking Prezi proposal template. The bold, bright design and highly dynamic theme all but guarantee success for your next sales or marketing proposal. All Prezi presentation templates are easily customized.
Description: The sky’s the limit. Boost your new sales initiative into orbit with an engaging and compelling SKO presentation. This template features a effective sales kickoff theme that makes it easy to be engaging. Like all Prezi SKO templates, it’s fully customizable with your own information.
Description: Add some color to your quarterly business review with this vibrant business presentation template. The bold visuals in this business template will make your next QBR a memorable one.
Now you can make any subject more engaging and memorable