Best Buy Case Study Essay Example for Free

Best Buy Case Study Essay After acquiring a stake in Five Star, a retailer of appliances and electronics in China, Best Buy’s VP John Noble is responsible for launching a dual brand strategy to China as he did in Canada back in 2002. The plan was to open three stores in less than two years in China while Five Star was planning on opening 25 additional stores. Entering China would prove to be much more difficult than neighboring Canada as a country with 1. 3 billion consumers which is a lot of people to please. China was chosen as the second international expansion market primarily due to the overall market opportunity, consumer fundamentals and macro-economic factors (Ivey, 2006). † In addition to the Chinese being very frugal, there was also the issue of the concept of credit, or lack there of in China. About four percent of households in China used credit cards, compared to 75 percent in the United States (Ivey, 2006). Best Buy quickly realized that branding in China was not what really attracted the consumers (Ivey, 2006). Best Buy Inc Best Buy had been interested in entering China since the 1990’s. By that time, China had been hosting many of the United States and Europe as far as different manufacturing products. The option of dual branding was what Best Buy was thinking in order to essentially join forces with Chinas retailer of electronics and appliances, Five Star. By coming together, Best Buy in United States thought that the two companies would be even stronger as one. This sort of dual branding worked very well in Canada and presumably would have the same success in China. Competitors Some of the main competitors of Best Buy are Wal-mart and Costco. The competitors were constantly increasing their CE retail market and in particular they increased the products that were less complex therefore easier to sell. Internet shopping and distributors such as Amazon or sites like that are another example of a competitor in the CE market. Also, home improvement stores such as Home Depot and Lowe’s were also venturing into unknown territory which was competition for Best Buy. â€Å"Lines were blurring as retailers of all kinds were widening their product assortments in pursuit of revenues and margins (Ivey, 2006). † Dual branding in Canada seemed like logical step in that Best Buy and Canada’s Future Shop, the main CE retailer there could join together and become stronger with all of the competition coming about (Ivey, 2006). Dual Branding Canada Canada was paid $363. 95 million dollars to acquire Future Shop. Among several reason why the dual branding took place, the number one reason and most important was that Future Shop was an established brand â€Å"with over 95 percent unaided brand awareness among Canadians (Ivey, 2006). † Though dual branding seemed like a great idea there were also some downsides. Cannibalization was the main problem of course due to the products of Future Store eating the profits of Best Buy and vice versa. There was also the immanent issue that the consumer would not know which brand was which. Despite these issues, by the first year of operations the dual branding strategy seemed to be working and cannibalization seemed minimal. It seemed only natural to give it a try in China (Ivey, 2006). Dual Branding China â€Å"China was chosen as the second international expansion market primarily due to the overall market opportunity, consumer fundamentals and macro-economic factors (Ivey, 2006). However the Chinese consumer was different than that of the United States or Canada. Also, consumers were not really concerned with branding as much as they were messages relating to functional features. Therefore, the preference of brand did not really translate into revenue. There was also the issue of land acquisition as there were often delays which would force a store to take up to 6 months to even open its doors. The Chinese also preferred to deal with people they knew and had previous relationships with so pricing had to be up to par due to the consumer not providing much slack for it. With all of these problems, a dual branding in China did not seem as seamless as it was in Canada (Ivey, 2006). Conclusion It is understandable why Best Buy would want to go global to maximize its profit and consumer base all over. Though things seemed to work out in Canada, it would prove to be a much tougher hill to climb in China just based off the consumers alone and the way things are done there and simply the way of life. It will be interesting to see if the places like Turkey and Mexico, other potential targets will have the same success rate as Canada, and not resemble China’s issues.

The Trade World :: essays research papers

"Today, our fellow citizens, our way of life, our very freedom came under attack in a series of deliberate and deadly terrorist acts,""Thousands of lives were suddenly ended by evil, despicable acts of terror." These acts of mass murder were intended to frighten our nation into chaos and retreat,""But they have failed. Our country is strong. President Bush said in his first prime-time address in what suddenly seemed a scared new world. But the heart of New York City was devastated after terrorists crashed two planes into the World Trade Center. The twin towers, were a prominent symbol of American financial might, were the first buildings to collapse. But now there is a big conservercy about what to do with the site. I believe that They should not re-build on the world Trade Center Sight. : We'll never forget as we've never forgotten the help that american people provided to us years ago to recover freedom May the memory of those departed,and the resolve of those left behind,forge a new committment to hope, peace, and justice that may uphold the dignity of general humanity. Ever since September 11 I have become interested in articles, magazines, ect. that has something to do with sept 11. That was the day america stood still, and it changed america, it joined us, made us stronger : I will never forget Sept 11 2001. The visions of the Twin Towers collapsing will haunt me forever. The definition of diversity is differences. The classroom from what teachers see is very Diverse in itself. The way you can allow people to see you as a person that is open to diversity is with symbols of different cultures and languages. Like hanging posters showing how another country looks or even making culture apart of your curriculum. You know how you have the alphabet hanging up in your classroom, you could put up Chinese and Spanish alphabet. Also, you could have a day to teach about another culture. You could show tapes on how they live and

How Law Is Passed in Maldives Essay

How law is passed in Maldives. In Maldives laws are made in People’s MaJlis. It’s the supreme authority for law- making by the Article 70 of the constitution. Article 70. â€Å"(a) The legislative authority of the Maldives shall be vested in the People’s Mall’s. † In the Maldives there are 2 types of legislation considered by Parliament. These are: 1- Government Bills (Bills that are introduced by the Government) 2- Private Member Bills (Bills that are introduced by the Members whether individual or from a political party ) Government Bills Government Bills symbolize government policy and a Minister presents them. The bulk of Parliament’s stage is taken up with these types of bills. As the present government does not hold such a large parliamentary majority, it is almost uncertain that all Government Bills will be passed into law (though some may be passed along the way). Private Member Bills Individual Member of Parliaments (MPs) from any political party (or a peer) can introduce a Private Members Bill. These hardly have any chance of becoming law as too much of Parliament’s time is occupied up with Government bills. As a consequence of this, Parliament gets little chance to discuss Private Members Bills, et alone vote on them. Each legislative year, the Cabinet has to decide on what it needs to do regarding lawmaking that year. As such it has to arrange what it needs – though it has to be cautious of assurances made to the public at large. A lawmaking session does not last for one calendar year. With extended adjournments, Parliament actually sits for a lot less than twelve months. Lawmaking in Parliament is driven by what is said in the President Speech that usually opens Assembly in February. The government to introduce whatever form of legislation it needs, a possibly difficult process takes lace before the bill becomes law. The first process is one of origination. This is actually deciding what is going to be contained in that bill. Both ministers and civil servants are responsible for actually drafting the government bill. First the bills are sent to the parliament secretariat for getting scheduled to parliament agenda. The secretariat then will do a primary legal review regarding the text; purpose and the content are in accordance with the constitution and laid down parliament rules. After the preliminary review the secretariat will schedule the bill in the parliament agenda ith the approval of the Speaker. Then the bill will be introduced by the sponsored member and he shall explain the need and the contents of the bill. This stage is called â€Å"first reading† of the bill. Then members of the parliament discuss the bill and then vote on it. The First Reading is the first time that a bill goes before the MaJlis itself. The First Reading is, really nothing actually happens other than the fact a bill goes before Assembly. Then the bill goes for a Second Reading. By the time of the Reading that MPs have the chance for a wide-ranging discussion on a bill’s advantages or otherwise. Usually, though not exclusively, a parliamentary day is given over to a Second Reading, which usually corresponds to about three hours of discussion. Usually, a government minister opens a Second Reading. The debate in the MaJlis is controlled by either the Speaker or the Deputy Speaker. From the Second Reading, the bill moves onto to the Committee Stage. The Committee Stage is the most thorough scrutiny of the bill. This scrutiny is done by a Standing Committee that is made up of 12 to 25 MPs. The Committee evaluates and supports each clause ofa bill. It does not discuss the overall purpose of a bill. Each member of a Standing Committee is allowed to propose an amendment to clauses in the bill. The whole committee stage is meant to be a thorough examination of a bill and it is the longest part of the process. Once it has ended, the process moves on to the Report Stage. Report Stage can last from 30 minutes to several days. From here, the bill returns for its Third Reading. The Third Reading is the final part of the debate regarding the bill within the MaJlis. MPs discuss the overall content of the amended bill. After the third reading, the Speaker opens the floor to take vote for the bill. Then he MPs give their vote through electronic machines fixed infront of MPs Table. Then if MPs vote represents the majority of that session the bill will be passed and will be sent to the President for scrutinizing the Assent. And if it is doesnot get the majority it will be disqualified to become a law. Finally when the President receives the bill he has the discretion to give Assent in the first time. So, if he gives the Assent it will be published on the gazette and it will become a law. But, if he does not give Assent he shall sent the bill to MaJlis for review. Then again that bill is scheduled and MPs ebate on the reservations of the President, and if they still need to pass the law as it is, they shall pass that bill with big majority and sent to President for Assent. Then the President must give Assent and shall publish the new law in Gazzette. An act usually has a date or dates in its text as to when it will be implemented (or when parts of it will be implemented if it is a multi-layered act). Some acts have a Commencement Order in them to activate it, or parts of it. The implementation of that act means that it is part of the law of the land from that date. [ 1 ]. Constitution of Maldives 2008. page 48.

The Theory Of Gun Control - 895 Words

Gun control is people control. A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed. Without our second amendment right the people of the United States of America would be susceptible to abuse from a tyrannical government, and unable to defend themselves from the criminals within society. The theory of gun control has become a controversial topic due to recent mass shootings that call into question the safety of the people of this great country. The fact is that gun control does not work. The city of Chicago Illinois is a prime example. Chicago has some of the strictest gun control laws in the country, as well as one of the highest crime rates in the country. On the other hand in Kennesaw Georgia every resident in the city is required by law to own at least one firearm. Immediately after passing their unusual gun law crime rates fell dramatically, so much so that in two thousand eleven through two thousand thirteen there were no murders, twenty two robberies, and no rape cases. (Wm. Craig Graydon) If a bill was passed into law banning firearms there would be no way to collect these weapons from criminals, only from the law abiding citizens. Even in a perfect world were the government would be able to take every gun from every citizen, the criminals would still be able to smuggle or make homemade firearms such as pen guns, and innocent people would be unable to protect themselves.Show MoreRelatedHow Did You Identify The Theoretical Statement?948 Words   |  4 Pagesfirst-stage or second-stage criticism of the theory undermines its veracity. Mass shootings have become a disturbing movement that only seems to be rising. The Orlando tragedy caused opened the conversation towards guns and public safety. Americans no longer feel safe. 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In factRead MoreThe Battle Between Gun Control and Gun Rights Essay1113 Words   |  5 Pages receipt, possession, and use of certain categories of firearms, as well as mandate who may and may not own a gun (Gale Encyclopedia, pg. 155-162).† Therefore, the issue is one that is extremely hard to clarify. Which side is right? An estimated 30,000 people are killed each year by guns in the United States alone according to the Center for Disease Control and Prevention (Gun Control, Funk Wagnall’s). Though there have been some restrictions and laws placed, both the conservative and liberalRead MoreSex, Drugs, Disasters, And The Extinction Of Dinosaur1006 Words   |  5 Pagesconsequences, if the gun were to fall into the hands of an individual who is not in their right mind. Today, Nevada stands as the eighth state that enforces background checks on gun sales or transfers, through the work of Michael Bloomberg. Bloomberg’s Question 1 hypostatized Stephen Jay Gould’s article, â€Å"Sex, Drugs, Disasters, and the Extinction of Dinosaur† by illustrating the pseudoscience behind establishing universal background checks to limit gun control. David Montero’s â€Å"When it Comes to Gun Laws, NevadaRead MoreThe Second Amendment Of The United States1725 Words   |  7 Pagesâ₠¬Å"Americans are deeply divided over the Second Amendment. Some passionately assert that the Amendment protects an individual’s right to own guns. Others, that it does no more than protect the right of states to maintain militias† (Cornell). The Second Amendment of the constitution gives citizens the right to bear arms, and is therefore one of the most important laws of the nation. This amendment holds an important value to our nation because, it prevents tyranny but, it also protects, spreads, and