Tuesday, April 10, 2012

Best Buy Leadership change?

Here is another example. Best Buy CEO (Mark Dunn) abruptly resigns.

If you can't keep up with the latest trends, strategies and technologies, you are out of business. You can't continue to use the same old strategies and methodologies in the ever changing global marketplace. Companies and CEOs must learn, adopt and adapt to the changing needs of consumers.

Who are the competitors and what is the key differentiator?

The main competitors are

1. Amazon
2. Walmart
3. Costco

The key differentiator is business strategy (Add value by making use of the latest trends and technologies and continue to offer the lowest possible prices to the consumer.)

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