- Description
MGT 312T Wk 5 – Apply: Best Buy Case Study
This problem-solving application profiles electronics retailer Best Buy. The entrance of Amazon and Walmart into the online resale marketplace gashed Best Buy’s instore sales. When you couple that with inefficient processes and procedures at the organization, and scandals with senior leadership, the organization really was in dire straits. Organizations such as Circuit City, CompUSA and RadioShack could not survive their problems, could Best Buy? In came new CEO Hubert Joly and CFO Sharon McCollam. They are now in the middle of the many challenges Best Buy is facing and need to find solutions to these major problems.
Some of Best Buy’s internal issues could best be addressed by ______
Multiple Choice
changing customer preferences
internal competition
demographic changes
participation/suggestions by employees
mergers and acquisitions
If Best Buy chose to compete by introducing online sales direct to the consumer, this would be an example of ______ change
Multiple Choice
innovating
adaptive
radically innovative
Product
Process
Which type of analytical framework could help Best Buy develop a strategic plan?
Multiple Choice
competing values analysis
SWOT analysis
systems analysis
force field analysis
organizational development analysis
Best Buy might use all of the methods of change listed below. Which of these includes inputs, strategic plans, target elements of change, and outputs?
Multiple Choice
organizational structure plan
social factors method
organizational arrangement
three-stage model of planned change
systems model of change
When other tactics will not work or are too expensive, the best approach to overcoming resistance to change is
Multiple Choice
facilitation and support
manipulation and co-optation
explicit and implicit coercion
participation and involvement
education and commitment
- The majority of problems Best Buy is facing have been brought about by ______ forces.
external
The change brought about by online competition from Amazon and Walmart are examples of _____
Best Buy’s new CEO and CFO will need to function as catalysts in helping the organization to deal with old problems in new ways. They would then be known as
Recommend a solution to the problem outlined above in no more than 175- words