JB HI-FI Report | Assignment

Running head: JB HI-FI REPORT
JB HI-FI REPORT
Name of the Student
Name of the University
Author Note

JB HI-FI REPORT1
Executive Summary
The primary focus of the report is to highlight the manner in which an enterprise will be
successfully able to analyze its current strategies, the external environment and based on it, it
will also be able to engage in effective competitive relation with the different competitors
present. The report has taken the JB Hi Fi as the primary company and aims to examine the
internal environment of the firm which will then be followed by the analysis of the key
innovative and changes along with the existing growth strategy of the enterprise. The report
follows a comprehensive layout whereby the Introduction is followed by the details of the
company, the Organizational strategy and the various operational activities. This is then followed
by the future analysis of the firm by making use of the Balanced Scorecard. Certain
recommendations to improve the firm have been provided.

JB HI-FI REPORT2
Table of Contents
Introduction......................................................................................................................................3
About the company..........................................................................................................................3
Organizational strategy....................................................................................................................4
Organizational Activities.................................................................................................................5
Operations....................................................................................................................................5
Marketing.....................................................................................................................................5
Product development...................................................................................................................6
Innovation, Change and Growth..................................................................................................7
Strategic Outlook and Implementation........................................................................................7
Recommendations............................................................................................................................8
Balanced score card.....................................................................................................................8
Actions to undertake..................................................................................................................10
Conclusion.....................................................................................................................................10
References......................................................................................................................................12

JB HI-FI REPORT3
Introduction
In order to succeed in the long run, all the different organizations would be required to
come up with adequate strategies with the help of which they will be able to gain a competitive
advantage. In consideration of this, the primary aim of the given report is to outline the different
strategies which are essentially adopted by the chosen organization (Lasserre 2017). Based on
the existing strategies, the firm will be required to evaluate its performance and thereby ensure
that it is successfully being able to evaluate its alternatives and formulate adequate strategies so
that it is being able to come up with new plans to perform better (Ansoff et al. 2018). The
enterprise which has been chosen for the report is the JB Hi Fi. Hence, the primary focus of the
report lies to determine the different tactics which have been effectively utilized by the firm and
the manner in which these strategies can be modified for enterprise success. In consideration of
this, the report will throw light on the background of the company, which will then be followed
by the organizational strategy, an outline of the organizational operations, marketing, product
development, growth, change, innovation as well as strategic implementation. This will be
followed by a series of recommendations with the help of which the enterprise will be able to
perform well in the future.
About the company
The JB Hi Fi was established in the year 1974 by Mr. John Barbuto from a single store in
the East Keilor in Victoria. The owner of the enterprise ran his business on a simple philosophy
which was primarily focused on delivering a specialist range of Hi-Fi as well as a recorded music
at considerable lower prices. Due to the popularity of the offerings and the lucrative prices being
offered to the different customers, the business was able to grow considerably and opened