Best Buy PESTEL Case Study
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First identify which factors of the PESTEL model you think are most impacting Best Buy. How should Best Buy adjust based on recent changes in its external environment?
Then evaluate the competitive forces in the consumer electronics retail industry to identify the forces controlling its profitability (Porter’s five forces analysis). You are going to go through each of the five forces and discuss whether you think the force is strong, medium or weak (remember strong means bad for the firm) in Best Buy’s case and why you think it is or isn’t strong.
You will then tell us overall if you think Best Buy is positioned for long term profitability and why?