Reflect upon the strengths, weaknesses, opportunities and threats associated with a business that you are familiar with, discussion help

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timer Asked: Jun 10th, 2016
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Question description

  • Reflect upon the strengths, weaknesses, opportunities and threats associated with a business that you are familiar with (one you work at, one you completed your assignments on, or one you have just acquired knowledge about). Suggest two (2) strategic marketing recommendations for this business based upon your reflection/analysis and the information that you have gained throughout the course?

Tutor Answer

davidallan
School: University of Virginia

INTRODUCTION
Best Buy is one of the largest operators of c electronics stores in America. By the year 2015 Best
buy had 1,779 outlets and made revenue of $39.49 billion also, the company is a major player in
e-commerce, through its website. Fortune 500 rated it as the 6th largest website in America. The
paper discusses SWOT analysis of Best Buy and gives strategic marketing recommendations
based on the analysis.
SWOT ANALYSIS
Strengths
Good reputation: Best buy has managed to create a good reputation in the market of electronics.
Therefore, they have who the trust of their customer and the public in general.
Customer loyalty: based on a go...

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