Question: prepare leaning object (lo) 1and 2 for chapter 5. include why you feel the competive strategy for Best Buy chosen by management is appropriate. For

prepare leaning object (lo) 1and 2 for chapter 5. include why you feel the competive strategy for Best Buy chosen by management is appropriate. For Vanguard, which is #2, di you feel management made the correct competitive strategy decision for the company and why?

sustain resources capabilities, and value chain activities that rivals have trouble matching and for which there are no good substitutes. ASSURANCE OF LEARNING EXERCISES 1. Best Buy is the largest consumer electronics retailer in the United States, with fis- LO cal 2017 sales of nearly $40 billion. The company competes aggressively on price LC with such rivals as Costco, Sam's Club, Walmart, and Target, but it is also known by consumers for its first-rate customer service. Best Buy customers have com- mented that the retailer's sales staff is exceptionally knowledgeable about the com- pany's products and can direct them to the exact location of difficult-to-find items. Best Buy customers also appreciate that demonstration models of PC monitors, digital media players, and other electronics are fully powered and ready for in-store use. Best Buy's Geek Squad tech support and installation services are additional customer service features that are valued by many customers. How would you characterize Best Buy's competitive strategy? Should it be clas- sified as a low-cost strategy? A differentiation strategy? A best-cost strategy? Also, has the company chosen to focus on a narrow piece of the market, or does it appear to pursue a broad market approach? Explain your answer. 2 Ilustration Capsule 5.1 discusses Vanguard's position as the low-cost leader in the investment management industry. Based on information provided in the capsule, explain how Vanguard built its low-cost advantage in the industry and why a low. 3. USAA is a Fortune 500 insurance and financial services company with 2017 annual nadine $27 billion. The company was founded in 1922 by 25 Army officers or's vehicles and continues to limit its member. PARTI Concepts and Techniques for Crafting and Executing Strategy mect cost strategy can succeed in the industry

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