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Best Buy Essay

274 Words2 Pages

I think Best Buy really needs a new strategy by innovating to cope the competitive threat. The competitive environment is becoming more and more threatening given the increasing number of new players who come in the industry with new strategy to gain significant market shares. The industry has changed and is becoming more innovative with technologies that have nothing to do with the strategy put in place by BestBuy even though the company manages to adapt over time to the market changes and new strategies used by competitors to gain existing as new market share. A competitor like WalMart is not something to neglect in the electronics industry because of its "Everyday low price" slogan that consist to offer products at low cost. Electronic is

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