Best Buy - Blue Ocean Strategy Proposal

Blue Ocean Strategy > Forum > Best Buy - Blue Ocean Strategy Proposal

Best Buy - Blue Ocean Strategy Proposal
Dwan Hitchens, Member
Iíve chosen Best Buy to form a Blue Ocean strategy. The idea is to offer music lessons and basic computer courses to accompany the products they provide for sell.
The first consideration is the buyer utility. I need to examine if this idea is something that will attract potential customers. If so, then move to the next step.
Next, Iíll consider the price. Everyone knows that customers love low prices. So it has to be set low enough to interest them in bringing in business. The cost should be set to a position where its low enough to draw in my target market but high enough for me to still earn and maintain a decent profit.
Lastly, I want to ensure that I weed out all of my obstacles and find a way to overcome them in order to adopt the business into the market. Resistance includes refusing noncustomers or other business that may not agree with your company. Therefore, strategizing is important so that you donít have run-ins with other agencies....Sign up

BOS Strategic Sequence of Best Buy
Shallon Richard, Student (Other), United States, Member
The right strategic sequence can help a company make a profit by exploring a blue ocean. There are four areas that need to be analyzed in order to hav...Sign up

Special Interest Group Leader
Andrew Nelson

Blue Ocean Strategy
Best Practices


About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
© 2019 12manage - The Executive Fast Track. V15.1 - Last updated: 18-7-2019. All names ô of their owners.