Analyzing and Recommending Best Buy in Crisis Case Study

Analyzing and Recommending Best Buy in Crisis - Case Study Example Again, consumers will acquire the information only with a well-designed marketing strategy. If innovation of the products goes together with improved marketing plan then no doubt the company will gain high reputation and loyalty from consumers. In addition, apart from retaining its current customers it will have the potential of attracting new customers which will finally enable the company to benefit from large economies of scale. For example, the consumer centricity plan drove the sales higher even without any other change in the products or operations of the company (Wells and Danskin 3). This therefore provides a proof to the benefits of a good marketing strategy. With the highly innovated products, Best Buy international division failed to produce good results, which lead to a failure (Wells and Danskin 7). This necessitates the need of improving the means of monitoring the behavior of international markets to come up with the best method of marketing most appropriate in each region. The same products that perform well at the home country should also be able to perform in another country; the only difference is the communication language that best suits each region that the organization has to know. To be able to come up with the best marketing strategies most appropriate in the modern world of consumer electronics, Best Buy has to understand the marketing challenges it faces. From the challenges, it is easier to identify the opportunities and take advantage out of them. The company faces the following challenges, The product promotional design features should directly reflect to the consumers. There is need to communicate the exact information about the product. Consumers always make purchasing decisions based on the information they have. This calls for the need to pass all the important details about the

Corporate Governance at the Central of Seychelles Coursework

Corporate Governance at the Central of Seychelles - Coursework Example .............24 3.4. The conclusions about the research findings and how well it has met the project objectives and research questions............................................................................................26 3.5. Recommendations on specific courses of action on how improve corporate governance in the Bank.....................................................................................................................................27 List of References..........................................................................................29 Appendices.....................................................................................................33 Appendix I...............................................................................................................................33 Appendix II..............................................................................................................................35 PART B POWER POINT PRESENTATION 1. How well have the research questions been answered 2. How have interpersonal and communication skills been developed during the project work 3. How could undertaking of such projects help in one's accountancy studies and/or current employment role PART 1 - Project objectives and overall research approach 1. IntroductionSeychelles can be identified as a Middle Income Country (MIC) in Africa with the highest per capita income in the region estimated at US$ 8,960 in 2008 (www.cbs.sc). It is a service-based economy with the tourism, fisheries industry and offshore services. However, according to the Seychelles government statistics it has been faced with imbalances in macroeconomic indicators. Thus after implementing the IMF reform program of Seychelles... .....................................................................24 3.4. The conclusions about the research findings and how well it has met the project objectives and research questions............................................................................................26 3.5. Recommendations on specific courses of action on how improve corporate governance in the Bank.....................................................................................................................................27 Seychelles can be identified as a Middle Income Country (MIC) in Africa with the highest per capita income in the region estimated at US$ 8,960 in 2008 (www.cbs.sc). It is a service-based economy with the tourism, fisheries industry and offshore services. However, according to the Seychelles government statistics it has been faced with imbalances in macroeconomic indicators. Thus after implementing the IMF reform program of Seychelles in 2008 a lot of change has taken place in the Seychelles economy and such change is basically connected to the role of governance in the reform process. Especially, the government has targeted reform program in order to stabilize the macroeconomic factors and achieve sustainable growth in the country. In fact Seychelles is a good performer in relation with the governance.