Case Study on the Business Management

Added on - 21 Apr 2020

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Running head: BUSINESS MANAGEMENTBUSINESS MANAGEMENTName of the StudentName of the UniversityAuthor note
BUSINESS MANAGEMENT1AbstractThe following report is a case study on the business management of an US based electronic storethat declared to liquidity of its assets in order to support its 34,000 employees who worked in567 stores. The report briefly discusses the background of the company that includes a briefoverview of the company’s business strategies. The report also contains the objectives of theresearch that highlights the reasons for the failure of the company. It also analyzes theprocedures of investigation that is used while conducting the research. The research focuses onthe competitive strategies of business of Best Buy, the only competitor of Circuit City. Theresearch concludes by stating the reasons for the failure of Circuit City that failed due to itsimplication of ineffective business strategies. The study thus highlights the different competitivebusiness schemes that every company should make in order to compete efficiently in the highlycompetitive business world. The report emphasizes on the unsuitable business approaches thatwere taken by Circuit City which led to the failure of the company as its policies were not strongand efficient enough to challenge the innovative business policies that were implemented by BestBuy.
BUSINESS MANAGEMENT2Table of ContentsIntroduction..........................................................................................................................2Analysis...............................................................................................................................2Conclusion.......................................................................................................................3References............................................................................................................................4
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