Go to www.bestbuy.com, click on the investor relations section and explore Best
Buy's latest annual reports and 10-K filings to see if you can identify the key elements
of Best Buy's strategy. Use the framework provided in Figure 1.1 to help
identify the key elements of Best Buy's strategy. What type of competitive advantage
does Best Buy seem to be pursuing?
Based on what you know about the quick-service restaurant industry, does
McDonald's strategy as described in Concepts & Connections 1.1 seem to be
well-matched to industry and competitive conditions? Does the strategy seem to
be keyed to a cost-based advantage, differentiating features, serving the unique
needs of a niche, or developing resource strengths and competitive capabilities
rivals can't imitate or trump (or a mixture of these)? What is there about
McDonald's strategy that can lead to sustainable competitive advantage?
Go to www.nytco.com/investors and check whether the New York Times ' recent
financial reports indicate that its business model is working. Does the company's
business model remain sound as more consumers go to the Internet to find general
information and stay abreast of current events and news stories? Is its revenue
stream from advertisements growing or declining? Are its subscription fees
and circulation increasing or declining? Read the company's latest press releases.
Is there evidence that the company's business model is evolving? Does the company
possess the necessary key resources and process capabilities to support a
change in its business model?