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Bby External Environment

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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

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