Best Buy company in 2012

Best Buy company in 2012 The company best buy was facing several issues in 2012. To improve its financial position, the company launched a strategic plan it called â€Å"renew blue†. The plan called for strengthening relationships with vendors, revamping stores, increasing same-store sales, eliminating unnecessary costs, and ramping up Best Buy’s online business. The company has been able to reduce cost by closing underperforming stores, shrinking its workforce, and making supply chain efficiencies. It aims to reduce cost further by reducing product returns, replacements, and damages, and by streamlining its logistics and supply chain, as well as its procurement process. To mitigate competition, Best Buy has arranged to open stores-within-a-store with certain key suppliers. In response to competition with Amazon, Best Buy is now highly focused on growing its online business. The company has extended its online sales distribution network with its ship-from-store concept. As part of its turnaround strategy, Best Buy is also revamping its stores and trying to encourage more robust store traffic. Best Buy is closing underperforming stores, optimizing space, and improving the ease with which customers can shop in stores. One of Best Buy’s optimization goals is to avoid out-of-stock situations online, especially during holiday season. Best Buy increased inventory availability by rolling out its ship-from-store concept. This has helped boost online sales, as previously, products were shipped only from select stores. Best buy announced that it would fight show rooming by offering low-price guarantees online as well as at its retail stores. Best Buy sp ent millions of dollars on a holiday TV campaign to combat show rooming. Thus Best Buy is aggressively implementing restructuring initiatives to take back market share. Some of these initiatives include cost-reduction measures, online business expansion, and the sale of underperforming stores.Tyco was accused of corporate fraud in 2002. Its top management was accused of misusing the company’s loan system and misrepresenting the company’s financial status. The first thing the company did in its effort to transformation is the replacement of executive position. The entire corporate management team needed to be changed. They established new systems, hired new talent, and set a new strategic direction for the company. The company followed the highest standards of business practices and ethics, which made it easier to recruit high-quality talent. Many of the former board members had had strong financial, rather than operational, backgrounds. There weren’t clear delineations between finance and operations management. as a part of the restructuring process the audit function reports directly to the board’s audit committee rather than to the CFO; utilizes a more formalized risk-based planning process; and leverages rigorous audit techniques to better monitor internal controls, the integrity of the company’s financial information, and compliance with company policies and procedures. With a mix of board members who have run large public and private organizations, and who have financial and accounting expertise, today the company have a stronger orientation toward operations and toward a philosophy of controllership and accountability.

When Life Imitates Video by John Leo Essay Example | Topics and Well Written Essays - 750 words

When Life Imitates Video by John Leo - Essay Example This research will begin with the statement that the article revolves around the possibility of real-life events beings strikingly similar to those portrayed in violent video games. The author, a writer by heart, has done service to the public by indulging in writing different society centered articles and serving practically for the betterment of higher academics for the past few decades. This article could well be ascertained as a continuation of the chain of his service to his fellow beings. Commencing with the mentioning of a Colorado incident in which teenagers indulged in a violent shooting spree that eventually led to the killing of themselves at their own hands, the author is pained at noticing the obvious influence of gaming on youngsters. It is perceived by the writer that the actions of youngsters were influenced by situations in video games. The opening paragraph gives an evident idea of the purpose with which the author has written it. The purpose of the writer, mainly, is to highlight how scenarios portrayed in violent video games are being adapted to real life by the youngsters who are deeply influenced by them. The audience the writer targets are individuals within the general public and also the video games’ manufacturers. The widespread use of video games and the parents’ leverage given to kids to play them with ease gives an idea that parents are unaware of the hazards involved with the games. The author aims to target these oblivious parents as the audience trying to bring them to light about the alarming problem at hand. Quoting logic and reason, the author tries to clearly signify the relationship that exists between violence in video games and real world mishaps. The argument most presumably set forth by video games promoters that there basically is no direct link that could prove the effect of violence in video games on youngsters and their real-life issues have been responded well by the customer. Understanding the opposin g viewpoint’s position, the writer accepts that there may be personal issues involved with the personalities of individuals who show being affected by the violence related mentality but this mainly is, in the words of the writer, the weakest point that should be addressed. According to the writer, the individual youngsters that come from strong-willed and well brought up families are less likely to fall prey to these violence-prone games. It mainly is the distressed and the oppressed youngsters only who find their refuge in the video games where they find all the violence to lure their oppressed and neglected thoughts, a perfect place to let go of their frustrations. The problem, according to the writer, is that millions of youngsters of the current society are indulged in activities that would do nothing but hurt their counterparts and themselves alike, considering this as being no objectionable practice whatsoever. All this is owing to the fact that oppression has been made an everyday affair by the everyday use of violence-laden video games. The author inputs logic into his writing beautifully by mentioning the point of view of Dr. David Grossman of Arkansas State University who is both a psychologist and a retired Army officer. His point of view is of immense importance as he assesses the situation from two distinct aspects, both from a psychologist’s and an army officer’s point of view. He completely seconds the stance of the author adding that enabling kids and youngsters to get indulged into electronic games at such an extensive rate has made it common for them to think of killing someone no matter what the situation. The severity of the matter has been eliminated by the realistic aspects introduced into the games such as those of the armory being just like real-world weapons and also the scenarios being very realistic as well.

Military leaders role Essay Example | Topics and Well Written Essays - 1500 words

Military leaders role - Essay Example For Clausewitz, by the time he was writing his book "On War," his thoughts on war had evolved towards notions like "War is a continuation of politics with an admixture of other means" and that there could be different ways and means of warfare. Here the concern is particularly towards his views on the practical uses of military history to and his "critical analysis" where he distinguished carefully between the historian and the military critic, despite his admission that both roles were often complementary.According to Clausewitz for a military historian, there had to be a use of the critical analysis which would involve the tracing of effects back to their causes which would be essentially an investigation into what military steps were taken and whether they were effective at a tactical, operational, strategic and political level. Before I revisit Clausewitz on his notions of a military leader it would be fair to discuss what Machiavelli and Sun Tzu have to say about the military le ader's role in defining national interests and military objectives in war. Machiavelli Machiavelli is much known for his book "The Prince" in which he has described how a prince or in other terms a military leader can keep his control on his jurisdiction.For him, control is particularly a difficult matter for a new prince whose status is not established by lineage or popular consent amongst the masses. The new prince or military leader would have a hard time creating a stabilized framework of power. Many times the prince will have to do carry out unpleasant, perhaps evil things to carry out his task. Machiavelli has refrained from discussing the ideal price or leader.Instead, he gives examples as to which of the military leaders/princes were successful in establishing their rule and most of these examples are drawn from his own analysis of history. As a renaissance writer, he uses an amount of classical historical examples. At first sight, his ideas seem  to hard to swallow as he seems to endorse any evil act by such rulers to gain power and control. A more profound understanding of his views,  however, indicates that he has actually qualified such measures with restrictions like the  philosophical view that any evil action can be justified if it is done for a good purpose. The work faced much negative criticism even in its time and was banned by the Catholic church. For Machiavelli, a good military leader would know how to use good and evil as instruments of power. Essentially he was trying to promote a more practical approach lined with pragmatism. However, realism is a bitter medicine and many people including myself find the idea of an undemocratically elected military leader abhorrent and dysfunctional. Such a military leader would invariably not be able to strike any balance between good or evil and keep tilting towards evil whenever his survival is threatened. An example is the current military crisis in South Asia particularly Bangladesh and Paki stan.