Best Buy Co$.,$ Inc.

For this assignment, please read through the case study and answer the following questions. These questions require much more in$-$depth analysis than the Mini Case Studies. Please provide at least $3$ paragraphs $(5-10$ sentences$)$ for each question. All questions can be answered with the content provided in the reading and your own thoughts. If you would like to use other articles, please cite in APA format at the end. Make sure to look back on previous PPT for help as well. Submit your answers to the D$2$L dropbox.

Questions:

$1.$ Describe the competitive position of Best Buy relative to its main competitors. The strategic map below $($Exhibit Q$1)$ can help to visualize Best Buys position relative to its competitors.

$2.$ Apply the VRIO framework to determine whether Best Buy has a competitive advantage. $($You may use the template below if you would like$)$ If so$,$ is its competitive advantage sustainable? Why or why not? $($Discuss at least $5$ resources$/$capabilities using VRIO$)$

$3.$ What is Best Buy$$s business$-$level strategy? What are its primary value and cost drivers?

$4.$ How should Best Buy adjust its business$-$level strategy considering changes in its external environment?

Exhibit Q$1$: Consumer Electronics Market in the United States $($Approximation$)$

Exhibit Q$2$: VRIO Template

Resource$/$Capability Is the Resource$/$Capability: Is the Resources$/$Capability a Core Competence? Why or why not?

Valuable Rare Costly to Imitate Organized to

Capture Value?