III. External Environment (EFAS Table; see Exhibit 1) A. Natural Environment 1. BBY in the present has no outstanding violations regarding broken regulations. BBY is current with federal, state, and local sectors that require companies to adhere to stringent environmental safety laws. (T) They are fully aware of the environmental laws that pass in light of global warming reduction efforts to reduce carbon footprint. 2. During the FY 2009, they have estimated not to have any expenditures that derive from environmental protection laws. Nevertheless, BBY could make an effort to solidify a stronger position amongst customer as a corporate leader a company that actively reduces its carbon footprint. (O) 3. Endorsing a lean culture will enable …show more content…
As every day passes technology is growing, and the demand for internet capabilities amongst consumers is growing. Additionally, mobile services are increasing, and it is a potential market that BBY could grow as they have the capacity and the agreements with suppliers to offer many solutions to the customer. Having such high profile suppliers will ensure that they are relevant as technology improves, and BBY is the major retailer that stock it. (O) b. The music streaming service while at its infancy and still dealing with the legality of owned intellectual property has potential for growth. They recently bought Napster, and R&D efforts need to be looked into to create a market share in the industry of music streaming. The industry is positioned to do great, and like products are minimal. BBY has the financial situation to revamp Napster, market it as a freemium software to create the greater market share. Napster could be a position to stream wanted top Billboard music while advertising BBY and top suppliers. (O) c. Lastly, there is a significant amount of increase in consumer spending due to technology becoming obsolete as it advances. Customer looking to upgrade are looking for solutions on items like Smartphones, LCD TV, and Gaming. Having on hand knowledgeable employees to answer the call of the customer looking for a more technical review will be an excellent opportunity for revenue and a returned customer. (O) 3. …show more content…
Recent Sarbanes-Oxley initiatives have forced companies to report more stringent reports. Accountability has forced accounting practices to level up in light of certain discrepancies from bad companies. Additionally, tax laws could also pose a threat as to performance to how they grow internationally. (T) 4. Sociocultural a. It is becoming socially acceptable to have the latest gadgets and being technologically savvy and knowledgeable. Trends in spending, communicating, hanging out are creating markets that could potentially lead to greater revenues if BBY could acquire or partner with to create applications to meet this customer demand. (O) b. Moreover, the rise of consumers finding technology alternatives is increasing. The culture towards connectivity and less privacy is moving forward. In years to come consumers will be reliant on their mobile devices and would be great to place BBY as the leading provider of mobile technology. (O) c. Up to date, there are many emerging markets that BBY could enter and gain market share. There is a high amount barrier that is falling due to trade agreements with international countries. There need for technology is growing at an exponential rate, which puts BBY in an excellent position to use capacity and international strength to meet the demand. (O) C. Task
This evidence proposes that something caused this general loss in the quality of financial reporting. In this period of time, earnings statements raised rapidly averaged 49 in 1990 till 155& 156 in 2000 & it is not reasonable to read this sudden increase
Technology is rapidly changing our lifestyles on a daily basis. From how we entertain ourselves, how we stay in contact with one another, all the way to how we pay our bills. Successful attempts within the world of information technology have significantly changed the way we do business as well. Web and mobile-based applications created a new platform for businesses to expose themselves to new clientele, along with staying abreast to what competitors are using to compete with them. Individual use of these web and mobile-based applications can help a user upgrade his or her own standing in the business world as well, which is what I would like to talk about in this essay. In
Don E. Garner, D. L. (2008). Accounting and the global economy after Sarbanes-Oxley. London: M.E Sharpe.
The use of mobile devices has become so commonplace today that you can hardly step out your front door without them. We have become tethered to technology. Our dependence upon this technology is not the problem, how and where we choose to use it is.
The constant technology environmental changes have changed the way companies operate and consumers purchase products. Companies must stay abreast of new ways to advertise their products and make service fast, efficient, and reliable. Consumers are now looking for ways to order and pay for products with ease thru the use of apps, and smart phones. If companies do not fit their product in some form in the palm of the consumers hand thru their phone they will
New York headquartered company, Verizon Wireless is one of the world’s largest telecommunication companies today. They use their worldwide network to bring interactive entertainment, the Internet, and digital media to the fingertips of its customers. Verizon makes it possible for people all over the world to stay in touch and businesses to connect better with consumers by bringing hands-on technology directly to those in need (Verizon, 2016). With that being said, this paper will be an informative piece that covers three noteworthy trends within the telecommunications industry that Verizon Wireless partake. The information gathered here will be used as background material for an upcoming discussion of Verizon’s strategic priorities.
But however, as the development of technology, the business will be able to support different smartphone one day. The development of technology satisfy people’s desired and it can attract more consumers for the business. Nowadays, people prefer to replace cash and cards with the smartphone which is smarter and more
In the same way, corporate resources drawn from the environment must be in balance with the positive impact that the company has on the environment. Many paper companies plant twice as many trees as they harvest for pulp, and in this way the company maintains a balance with the environment that makes a positive impact. Companies that only draw resources from the planet without making efforts to improve it are seen as sources of loss for the planet, and their unsustainable practices make them less competitive in the marketplace. Although BBA Financial isn’t involved in heavy industry, the company is involved in sustaining demand for natural resources and it must take
D. Identify and briefly describe the three things that companies need to be good at in order to
As the internet and hand held device technologies continue to advance, the area of interconnect between the telecom and consumer electronics industries have together reshape the consumer behavior. People no longer have to rely solely on telephone or telefax to communication or exchange information in distance. The texting feature on the cell phone, for example,
4. Your assessment/identification of any major changes in the competitive situation for HTC from the perspective of
A. Given your industry and intra-industry analysis, what do you think the future holds for the industry? What do you predict will be future trends in industry performance?
The interest for access to business data and applications through versatile innovations, for example, the Apple iPhone and iPad, gadgets running Google Android and Windows 7 Mobile or utilizing RIM Blackberry is surging as customer inclination and conduct overflow into the business workforce. The enormous development of reception of these innovations around the globe has numerous business chiefs thinking about how to viably position their organizations to profit from the pattern. The drive for portability is a piece of the business innovation plan for most organizations today. Clearly, then again, in a business instead of individual setting, more sorts and unpredictability of data are required, running
4.9 There are external regulations which can cause changes to the accounting systems. Tax policies can have a major impact on the financial performance as there is a direct link, higher interest rates can cause more costs to the company to produce and have less profits. Health and safety regulations must be followed as staffs have to comply with the regulations.
Customers want more information, such as business and consumer applications, and entertainment available through their mobile devices, but with greater speeds.