Foreign Policy of United States Essay Example | Topics and Well Written Essays - 1500 words

Foreign Policy of United States - Essay Example During this time, among other things was the settling of the West and the Indian Wars. The United States signed the Treaty of Guadalupe de Hidalgo in 1848 which gave the Southwestern lands to the United States. This began the migration west and the Indian Wars began. This time was marked by much sadness and death. Most of the western lands belonged to different Indian tribes. All of those tribes depended on their hunting grounds to survive. There was much to lose in the loss of their lands. Life would disappear as they knew it. As the white man continued to move into the area, with them came buffalo hunters and white ranchers. These people killed buffalo by the millions just to get their pelts and trampled the land. The people began to starve and there was no way to feed the women and children of the tribes. The government established treaties with most of the tribes giving them rations of food and clothing to allow pioneers to pass through their lands. Most of these pioneers came with the thoughts that the only good Indian is a dead Indian. The Indians land was taken from them and they continued to be forced onto to reservations that were on land that was mostly worthless. They could not hunt and the land would not support stock or farming. Even those that fought back like Sitting Bull and Red Cloud were eventually defeated. The Trail of Tears which was the removal of five Tribes from Southeast Oklahoma Cherokees were marched to a reservation. The march killed most of the old people and many of the women and children. It was a loss that the Cherokee and most of the white people of today will never let be forgotten but was only one example of the many cruelties that these People withstood. The Battle at Wounded Knee is another. In this case essentially a whole tribe was shot dead in camp. It is hard to see it as a Battle, as it seems it was pretty one sided. 1914-1919 Woodrow Wilson who was known as the President of the people was President at this time. He was the idealistic President and up until the time we entered World War I, the country was isolationist in values. Wilson changed many things in this country during that time. He believed that government should be for the common people and during his first term he helped farmers with the Federal Farm Loan Act and the Warehouse Act. The Farm Loan Act allowed low interest loans available to farmers and the Warehouse Act authorized them to have security loans on staple crops. Social welfare programs were started. Workman's compensation began to protect workers and the Child Labor Act began. The Child Labor Act only allowed products produced by children 14 or older to be sold. He followed that with the Adamson Act which only allowed children to work an 8 hour day. The Underwood Act established the first income tax and that was felled by the Federal Reserve Act. All of these things happened because of Wilson's idealist attitude (Ferrell, 2001). Unfortunately the idealistic attitude that helped the country so much also led to it entering World War I. Some say that Wilson had it in mind from the very beginning to enter the war and others say it was because of his pride (Hoover, 2009). We will probably never know the answer to that. Whatever

Women's Health. Health Care Disparity Essay Example | Topics and Well Written Essays - 500 words

Women's Health. Health Care Disparity - Essay Example There are factors that cause barriers for the people to get proper health care that they need. These factors are causing significant differences or gaps in the quality of health care received by the people. This means that there exists a disparity when it comes to health care. Health care disparity led to the unequal provision or access to health care services. The areas where health care disparities are attributed are the gender, race/ethnicity and the socioeconomic status determined by the income and level of education attained. Gender-based health care disparity caused the significant differences that exist in the quality of health care received by women and men. And because women’s bodies are different from men’s, they may also have different health care needs. But among women, there are also disparities in the quality of health care that they received. Some women may face barriers to health care. Their race/ethnicity, age and their socioeconomic status affect women ’s access to health care. Women’s health care use and health outcomes rely on the adequacy of access that they have to the health care services. Women’s access to health care also depends on their health insurance (AHQR, 2005).

Theory on selected topics Essay Example | Topics and Well Written Essays - 1500 words

Theory on selected topics - Essay Example These products are usually categorized according to their characteristics of market growth rate and market share. A typical BCG matrix is shown in the figure below: As we all know that McDonald’s Corporation is made up of world-wide business, such as McDonald’s USA, McDonald’s Europe, McDonald’s Asia and McDonald’s America. We are going to use the lens of BCG matrix to determine the position of each of these businesses in a BCG matrix for McDonald’s Corporation. (QuickMBA, 2009) STARS: Stars are those products that have a large market share in a rapidly growing industry. In simple words, these are successful products that need continuous investment to maintain their dominating position in the market. According to the statistics given in McDonald’s Corporation’s annual report, McDonald’s USA is a star. It has a high market share in the market which is booming rapidly. However, due to increased competition in the market, McDonald’s Corporation should invest in McDonald’s USA heavily, so that they do not lose out market share to other competitors like Burger King or KFC. (Daft, 1997). A question-mark is a business that has low-market share in the rapidly growing industry. In order to increase the market share, the business will need more and more resources. However, it is not guaranteed that the business has enough potential to become a start. In the case of McDonald’s corporation, McDonald’s Europe falls under the category of a BCG Matrix â€Å"Question Mark†. McDonald’s Europe has found it tough to break into the food industry which is already congested with various firms in the industry. The culture diversification in the different parts of Europe has also resulted in low-demands and cash returns for McDonald’s Europe, making it a question mark. The only way to cure the problem is that McDonald should carry out a market research to find out what people

French Revolution Essay Example for Free

French Revolution Essay The French Revolution was a very important series of events for all of French history, making a big impact on all the lives of past and present French citizens. There was no one factor was directly responsible for the French Revolution. Years of feudal cruelty and taxing, public revenues and public debt mismanagement contributed to a French society that was on the edge of revolt. The French Revolution, the revolutionary movement that shook France between 1787 and 1799, reached its first climax there in 1789. After taking notice of the falling economy in the late 1700s, King Louis XVI, very self-centered, thought his authority to rule came from god himself. He brought in a number of financial advisors to review the weakened French treasury. Each advisor reached the same conclusion, that France needed a large change in the way it taxed the public, and each advisor was, in turn, kicked out. Eventually the king realized that this taxation issue really did need to be solved so he appointed a new controller general of finance. The new general of finance suggested instead of taxing the poor, tax the ones that would be able to pay, the nobility, the ones that were exempt from paying taxes before. The nobility refused. Financial ruin thus seemed imminent. The French Revolution was a very important series of events for all of French history, making a big impact on all the lives of past and present French citizens. There was no one factor was directly responsible for the French Revolution. Years of feudal cruelty and taxing, public revenues and public debt mismanagement contributed to a French society that was on the edge of revolt. The French Revolution, the revolutionary movement that shook France between 1787 and 1799, reached its first climax there in 1789. After taking notice of the falling economy in the late 1700s, King Louis XVI, very self-centered, thought his authority to rule came from god himself. He brought in a number of financial advisors to review the weakened French treasury. Each advisor reached the same conclusion, that France needed a large change in the way it taxed the public, and each advisor was, in turn, kicked out. Eventually the king realized that this taxation issue really did need to be solved so he appointed a new controller general of finance. The new general of finance suggested instead of taxing the poor, tax the ones that would be able to pay, the nobility, the ones that were exempt from paying taxes before. The nobility refused. Financial ruin thus seemed imminent. The French Revolution was a very important series of events for all of French history, making a big impact on all the lives of past and present French citizens. There was no one factor was directly responsible for the French Revolution. Years of feudal cruelty and taxing, public revenues and public debt mismanagement contributed to a French society that was on the edge of revolt. The French Revolution, the revolutionary movement that shook France between 1787 and 1799, reached its first climax there in 1789. After taking notice of the falling economy in the late 1700s, King Louis XVI, very self-centered, thought his authority to rule came from god himself. He brought in a number of financial advisors to review the weakened French treasury. Each advisor reached the same conclusion, that France needed a large change in the way it taxed the public, and each advisor was, in turn, kicked out. Eventually the king realized that this taxation issue really did need to be solved so he appointed a new controller general of finance. The new general of finance suggested instead of taxing the poor, tax the ones that would be able to pay, the nobility, the ones that were exempt from paying taxes before. The nobility refused. Financial ruin thus seemed imminent. The French Revolution was a very important series of events for all of French history, making a big impact on all the lives of past and present French citizens. There was no one factor was directly responsible for the French Revolution. Years of feudal cruelty and taxing, public revenues and public debt mismanagement contributed to a French society that was on the edge of revolt. The French Revolution, the revolutionary movement that shook France between 1787 and 1799, reached its first climax there in 1789. After taking notice of the falling economy in the late 1700s, King Louis XVI, very self-centered, thought his authority to rule came from god himself. He brought in a number of financial advisors to review the weakened French treasury. Each advisor reached the same conclusion, that France needed a large change in the way it taxed the public, and each advisor was, in turn, kicked out. Eventually the king realized that this taxation issue really did need to be solved so he appointed a new controller general of finance. The new general of finance suggested instead of taxing the poor, tax the ones that would be able to pay, the nobility, the ones that were exempt from paying taxes before. The nobility refused. Financial ruin thus  seemed imminent. The French Revolution was a very important series of events for all of French history, making a big impact on all the lives of past and present French citizens. There was no one factor was directly responsible for the French Revolution. Years of feudal cruelty and taxing, public revenues and public debt mismanagement contributed to a French society that was on the edge of revolt. The French Revolution, the revolutionary movement that shook France between 1787 and 1799, reached its first climax there in 1789. After taking notice of the falling economy in the late 1700s, King Louis XVI, very self-centered, thought his authority to rule came from god himself. He brought in a number of financial advisors to review the weakened French treasury. Each advisor reached the same conclusion, that France needed a large change in the way it taxed the public, and each advisor was, in turn, kicked out. Eventually the king realized that this taxation issue really did need to be solved so he appointed a new controller general of finance. The new general of finance suggested instead of taxing the poor, tax the ones that would be able to pay, the nobility, the ones that were exempt from paying taxes before. The nobility refused. Financial ruin thus seemed imminent.

Opinions on Referral Guidelines from Audiology to ENT

Opinions on Referral Guidelines from Audiology to ENT

Loyalty in Sir Patrick Spens and Bonnie George Campbell :: Patrick Spens Bonnie George

Loyalty in Sir Patrick Spens and Bonnie George Campbell Is loyalty really a thing to die for? Sir Patrick Spens and Bonnie George Campbell Sure did think so in the two poems they were a part of The term loyalty means to be faithful and true to anything one is a part of Both Sir Patrick Spens and Bonnie George Campbell exemplify this trait. This trait of loyalty makes these two characters similar in their poems. They are similar in ways such as how they both have to go on missions, both are leaving something behind, and both are skilled at what they do. The situations Sir Patrick Spens and Bonnie George Campbell are involved in, along with the loyalty each exemplifies teach important lessons in the poems. This lesson is the ironic outcome of loyalty. Sir Patrick Spens' and Bonnie George Campbell's similarities in that they both have to go on missions, both are leaving something behind them, and both are skilled at what they do relates to their loyalty and the ironic outcome of this loyalty. Sir Patrick Spens and Bonnie George Campbell decided to go on missions in which they knew there was a good chance they would never come back. This is shown in "Sir Patrick Spens" by what the poem says referring to Sir Patrick Spens' reaction to a letter he receives that tells him that he has to go on this mission. The poem says about his reaction: The first line that Sir Patrick red, A loud lauch launched he, The next line that Sir Patrick red, The teir blined his ee. ( I 1- 16) Although Patrick was very sad about having to go on his mission, he still went to be loyal to his king. -The same situation occurred with Bonnie George Campbell in his poem. It can be inferred by the way he says good bye to his mother and bride that he is sad to leave and that he knows he may never come back. George still goes on his mission because he feels he needs to be loyal to his country when they need him in this time of war. Sir Patrick Spens and Bonnie George Campbell were both leaving something behind to go on their missions so they can be loyal to their king and country Bonnie George Campbell leaves his family behind him to go on this mission as shown by these lines:

Best Buy Case Study

ESLSCA: GROUP 39D | | | | |Best Buy Co. , Inc. pic] | |Strategic Audit | |August 2012 | | | | | Presented to Dr. Sanya EL Galaly Table of Contents About Best Buy Co. , Inc4 Best Buy’s History4 1. Current Situation5 A. Current Performance5 B. Strategic Posture5 . Mission5 2. Objectives5 3. Strategies5 4. Policies6 II. Strategic Managers6 A. Board Members6 B. Top Management7 III. Market Overview7 IV. External Environment8 2. Natural Environment8 2. Social Environment8 2. 1. Economic8 2. 2. Technological8 2. 3. Political–Legal8 2. 4. Sociocultural8 3. Task Environment9 V. Internal Environment9 1. Corporate Structure9 2. Corporate Culture9 3. Corporate Resources9 3. 1. Marketing9 3. 2. Finance9 3. 3. R&D10 3. 4. Operations10 3. 5. Human Resources10 3. 6. Information Systems10 VI. Analysis of Strategic Factors10 . Situational Analysis (SWOT) (SFAS Matrix; see Exhibit 3)11 1. 1. Situational Analysis11 1. 1. 1. Summary of Internal Factors11 1. 1. 2. Summary of External Fact ors11 1. 1. 3. Review of Mission and Objectives11 VII. Strategic Alternatives and Recommended Strategy12 1. Corporate Strategy12 2. 1. Growth Strategy12 2. 2. Stability Strategy13 2. 3. Retrenchment Strategy13 3. Business Strategy13 3. 1. Cost Leadership Strategy13 3. 2. Differentiation Strategy14 4. Financial Positions14 4. 1. Best Buy Income Statement as of 2009-201214 4. 2.Best Buy Balance Sheet as of 2009-201211 4. 3. Cash Flow Statement for period ended in 2011-201212 B. Recommended Strategy14 VIII. Implementation14 IX. Evaluation and Control14 X. List of Tables15 Exhibit #1 Ratio Analysis Table15 Exhibit #2 IFAS16 Exhibit #3: EFAS17 Exhibit #4: SFAS18 Exhibit #5: TWOS Matrix19 Exhibit #6 IFinancial Position Documents20 About Best Buy Co. , Inc. Best Buy Co. , Inc. (NYSE:BBY) Headquartered IN Richfield, Minnesota, is a leading multi-channel global retailer and developer of technology products and services. 1,100 stores in U.S (21% Market Share), also operated over 2,800 stores global (Canada, Mexico, China and Turkey), 170,000 employees whom are committed to helping deliver the technology solutions that enable easy access to people, knowledge, ideas and fun. The company’s subsidiaries such Geek Squad, Magnolia Audio Video, and Pacific Sales, and operated under both name Best Buy & Future Shop labels In CANADA People at BB are aware of their role and impact on the world, and are committed to developing and implementing business strategies that bring sustainable technology solutions to consumers and communities.For information about Best Buy, visit www. bby. com and to shop at Best Buy, visit www. bestbuy. com. Best Buy’s History: In 1966 Best Buy incorporated with original name as Sound of music, the company started as a retailer of audio components and expanded to retailing video products in the early 1980s with the introduction of the videocassette recorder to its product line. In 1983 Best Buy name has been changed to Best Buy Co. Inc. (Be st Buy). Shortly thereafter, Best Buy began operating its existing stores under a â€Å"superstore† concept by expanding product offerings and using mass marketing techniques to promote those products.Since 1989 the company altered the function of sales staff structure (policy) dramatically to be transformed from commission basis oriented to be educators and customer assist oriented. Simply sales mission was to generate sales but now changed to answer customer’s question to help for decide which product fit for their needs. In 2000 the company step up to Market space by launched: BestBuy. com (online retail store), which is very important for BB’s customers thus expanding among them to access to store easily without physical visit. I.Current Situation: A. Current performance Volatility of financial position, declining in company’s income compared with last fiscal year, increasing debts as well as operating costs ? Facing increased fears competition ? Rais ing in operational costs and increasing in debt & reducing liquidity of cash. ? Adverse economic climate and financial stress (declining in net income) B. Strategic Posture Mission ? To make technology deliver on its promises to customer ? Keeping customers centered in technological changes â€Å"To make life fun and easy†. To improve customer’s awareness of their needs. Objective ? The top objective of company were sustained growth and earnings (growth oriented) ? Differentiation in retail industry by present unique product & service that customer never get before. ? Keeping cost down without sacrificing customer experience given by Best Buy. Strategies ? Developed in 1966 as (a low price strategy) and moved to be service-oriented firm (differentiation strategy) in 1989. ? Global & national growth through acquisition and alliance with Car phone Warehouse Group, UK. Use its economies scale with over 1,000 locations to obtain cost advantage from suppliers due to high qu antity of orders, also increase its Advertising budget for massive campaigns In order to cove over entry market barriers. ? Having multiple brands for different customer lifestyles through M&A merge and Acquisition. ? Providing customers with highly trained sales associates who available to educate customers regarding product features. ? Construct a diversified portfolio of product offerings by building a significant customer data-base (Customer centricity model) Policies Growth oriented by expansion vertically & horizontally. ? Cost reduction is very important (restructure commission sales scheme, shipping the correct inventory to the correct locations). ? Training & educate employees regularly, promotion from within at all levels. ? Rapidly response to external change. II. Strategic Mangers A. Board Of Directors ? Sixteen members –three are outsider. ? Chairman and founder (Richard M. Schulze), his beneficial ownership of 17. 1 % ? Brian Dunn as Previous CEO, Currently (Mik e Mikan) as Interim CEO of Best Buy, who has been Director since 2008. All directors and executive officers as a group, and each person we know who beneficially owns more than 5% of the outstanding shares of Best Buy common stock. [pic] [pic] [pic] [pic] [pic] Richard Shultze Mike Mikan Shari Ballard Jim Muehlbauer Carol Surface Founder, Chairman Interim CEO President International CFO VP, Chief HR & Enterprise EVP B. Top Management The two former CEO’s was Richar Shultze and Brad Anderson, but recently Brad stepping down, Brian Dunn replaced, and now replaced with Interim CEO. ? June 7, 2012  Ã¢â‚¬â€ The board of directors of Best Buy Co. , Inc. (NYSE:BBY) today announced the appointment of Hatim A. Tyabji as chairman of the Company, effective immediately. Mr. Tyabji, currently Chairman of the Audit Committee, has served as a director since 1998. ? Top managers are recently promoted internally and externally hired ? Top Mangers whom : Richard Shultze: Founder & Chairman. G. Mike Mikan : Interim CEOShari Ballard : President, International and Enterprise EVP. Jim Muehlbauer: Executive VP. And CFO. ? Top management members are very experienced in Industry III. Market Overview The Best Buy family of brands and partnerships collectively generates more than $49 billion in annual revenue and includes brands such as †¢ Best Buy; †¢ Best Buy Mobile; †¢ Audio visions; †¢ The Carphone Warehouse; †¢ Future Shop; †¢ Geek Squad; †¢ Jiangsu Five Star; †¢ Magnolia Audio Video; †¢ Napster; †¢ Pacific Sales; and The Phone House. Community partnership is central to the way Best Buy does business.In fiscal 2010, the company donated a combined $25. 2 million to improve the vitality of the communities where best Buy employees and customers live and work. Strategic priorities focus on growth opportunities, operations, and improved international returns. IV. External Environment (EFAS TABLE; see Exhibit 1) Natural Environme nt 1. Global warming that increasing by emissions of technology usage. (T) 2. Energy availability a growing problem. (T) Societal Environment 1. Economic a. Unstable economy (stumble) along with eliminate of consumer expends. (T) b.Individual economies becoming interconnected into a world economy. (O) c. Financial crisis that hit EU, might be essential reason to eliminate the Investment in Euro zone. (T) 2. Technological a. IT & communication revolution. (O) b. Entering computerization at all fields such â€Å"Manufacturing, business, Agriculture,†¦etc. † (O) c. Trend of social media online & digital marketing. (O) 3. Political-Legal a. NAFTA, EFTA, and other agreements between countries to free trading cycle are opening doors to penetrate markets in Latin America and other emerging markets. (O) b.Regulations of Federal Reserve Bank that effect on retail sector's credit systems. (T) c. Environmentalism being reflected in Laws on pollution and energy usage. (T) 4. Socio C ultural a. Decreasing of unemployment rate which is indicator of increasing of families income then Expands rate. (O) b. Transforming in purchasing behavior from market place to market space. (T) c. Trend of using digital devises rather than paper & blocks for daily functions such â€Å"news, reading books, schedule organizer,†¦etc†. (O) d. Trend to value for money as a concept of consumers behavior. (T) Task Environment 1.North American market mature and extremely competitive—vigilant consumers demand high quality with low price in safe, environmentally sound products. (T) 2. Industry going global as North American and European firms expands internationally. (T) 3. Rivalry High. GameStop Corp, Amazon. com, Wal-Mart expanding into consumer electronics and stepping price competition†¦ (T) 4. Buyers’ Power Law. Technology and materials can be sourced worldwide. (O) 5. Power of Other Stakeholders Medium. Quality, safety, environmental regulations increasi ng. (T) 6. Entry Barriers High. New entrants unlikely except for large international firms. T) V. Internal Environment (IFAS Table; See Exhibit 2) (IFAS Table; See Exhibit 2) A. Corporate Structure 1. Good Domestic Management through separating the Market into Eight territories each is Divided into Districts (S) 2. Best Buy had an international operation Segment (S) B. Corporate Culture 1. Every employee must have the company’s vision embedded in their service and attitude (S) 2. Best Buy had a reputation for retaining talent and was widely recognized for its superior service (S) C. Corporate Resources 1. Marketing a. Using Customer Centricity Model to market various products (S) b.Supply products that address the needs of Customer (S) c. Meet Customer Needs through End to end Solutions (S) d. More training to BestBuy Employees help it supply customer with Knowledge service which is A Value added Service (S) 2. Finance (See Exhibits 4 and 5 â€Å"Ratios & cash flows† ) a. Increase in Long Term Debt from fiscal 2008 to 2009 (W) b. After the Acquisition of Napster and BestBuy Europe Decrease in Available Cash in 2009 (W) c. Increase in Company Total Assets and Revenues due to Successful Acquisitions (S) d.Declining in the Net Income and operating Margin (W) e. The Risk of Having Bad Debts Due to increase in inventory and increase of Revenues However it’s not matching the Big increase in Account receivable (W) 3. R a. Best Buy is Willing to participate in tests of New products (with limited cost to company) (W) 4. Operations a. Increasing Revenues By growing its Customer Base and Increasing its market share Internationally (S) b. Good Domestic Management through separating the Market into Eight territories each is Divided into Districts (S) c.Best Buy had an international operation Segment (S) 5. Human Resources a. Main Objective is supplying the customer with the right knowledge of products and services (S) b. Changing the compensation struc ture into non-commissioned-based (S) c. Claims that Best Buy employees misrepresented the Manufacture warranty in order to sell its own product service and replacement plan (W) d. Best Buy had undisclosed â€Å"Anti-price matching policy† (W) 6. Information Systems a. Consolidate Data from Retialers , Act as a clearing house for info and results.Communicate the common needs and encourage innovation (S) VI. Analysis of Strategic Factors Situational Analysis (SWOT) (SFAS Matrix; see Exhibit 3) 1. Strengths. †¢ Company Image and Profile †¢ Sales Stuff Policy †¢ Strong financial Position †¢ Customer Centricity Model †¢ Diversified portfolio in Global Markets †¢ Good Horizontal Integration †¢ Talent management †¢ Good Domestic management †¢ Successful Acquisitions †¢ Credit payment policy †¢ Value Added Services 2. Weaknesses †¢ Market Space Sales †¢ Pricing Policy †¢ Assets Management †¢ Operational Cost à ¢â‚¬ ¢ Increase in LTD and Debt Management Fluctuating Leadership 3. Opportunities †¢ Potential market of Medical Portable Devices †¢ Gaming Segment growth and Smart Phones †¢ Technology Revolution †¢ Bankruptcy of Circuit City †¢ Expansion of Global Market place 4. Threats †¢ Regulations of Federal Reserve Bank †¢ Economic Down turn †¢ Decreasing the entry barrier †¢ Online Competitor †¢ Price War with Wal-Mart †¢ Wal-Mart Deal with Nintendo and Apple †¢ Strong penetration Of Competitor Review of Current Mission and Objectives 1. Bad financial position according to last 2 years. 2. Facing a fierce competition and new challenge expected. VI.Strategic Alternatives and Recommended Strategy: Strategic Alternatives. Corporate Strategy 1. Growth Strategy †¢ Growth vertically through open new stores across U. S to fill gap in fierce competition. Pros: come over competitors expansion’s strategy Cons: Cash Liquidity Iss ues. †¢ Continuing of global expansions, and focus on emerged & untapped markets. Pros: supporting of Best Buy’s overseas position to be Leader in this Marekts. Cons: domestic regulations in foreign countries and security. †¢ Horizontal integration by joint venture with new suppliers. Pros: more control on operational costCons: Management issue, and conflictions. 2. Stability Strategy †¢ Hold acquisitions in Euro zone according to economic crisis, and in Canada as well. Pros: saving more capital & cost to be invested in North America and other virgin markets. Cons: allow to competitors to raising their market share in such left market. 3. Retrenchment Strategy †¢ Develop downsizing policy in costly labor markets such (Europe). Pros: Divesting BBY improves bottom line and focus ME & Asia Markets. Cons: loosing Europe’s market share. †¢ Decreasing some of discretionary expenses in such (Advertising ) in one or two of states that saturated.Pros: s aving a lot of regular cost to be invested in domestic expansion. Cons: risk of loose customer’s positioning by time. Business Strategy 1. Differentiation Strategy †¢ Develop trade-off strategy that allow Best Buy’s customers to replace their own devices by new technology devices in justified prices. Pros: another source of money that generate liquidity for company Cons: adding operational cost line 2. Alliance strategy Build a solid strategic Alliance with a reliable brand in market space that has urgently need to access to retail market. (Win/Win) Pros: Access to know-how of online market.Cons: reveal of operations and management techniques. RECOMMENDED STRATGIES 1. Growth Strategy †¢ Growth vertically through open new stores across U. S to fill gap in fierce competition. Pros: come over competitors expansion’s strategy Cons: Cash Liquidity Issues. †¢ Continuing of global expansions, and focus on emerged & untapped markets. Pros: supporting of B est Buy’s overseas position to be Leader in this Marekts. Cons: domestic regulations in foreign countries and security. †¢ Horizontal integration by joint venture with new suppliers. Pros: more control on operational cost Cons: Management issue, and conflictions. . Differentiation Strategy †¢ Develop trade-off strategy that allow Best Buy’s customers to replace their own devices by new technology devices in justified prices. Pros: another source of money that generate liquidity for company Cons: adding operational cost line. VII. Implementation: †¢ As the recommended strategies is growth strategy so business development dept. should select strategic locations across U. S that include high traffic . †¢ The operations and mainly the supply chain department must do their best for getting best prices and cutting operations cost. Maintain the current global expansion plan and build solid studies for emerging markets and developing countries customer†™s culture there. †¢ Developing more powerful CRM application and POS systems to recognize customers data. XI. Evaluation and Control: †¢ involving the top managers, key persons and employees in operations efficiency programs †¢ Monitoring the performance regularly especially after new application applied. †¢ Follow up the plan of domestic operations that related to supplier. Exhibit 1 E F A S Exhibit 2 I F A S Exhibit 3 S F A S Exhibit 4 | |BEST BUY CO. , INC. | |CONDENSED CONSOLIDATED BALANCE SHEET | |($ in millions, except per share amounts) | | | | | | | | | | | |  |February  28, |  |  | | | |2009 | | | |  | Assets |  |   |   |  |  | |Current Assets |  |   |   |  |  | |   |C|   |$|4| | |a| | |9| | |s| | |8| | |h| | | | | |a| | | | | |n| | | | | |d| | | | | |c| | | | | |a| | | | | |s| | | | | |h| | | | | |e| | | | | |q| | | | | |u| | | | | |i| | | | | |v| | | | | |a| | | | | |l| | | | | |e| | | | | n| | | | | |t| | | | | |s| | | | |   |  |To|   |  |8| | | |ta| | |,| | | |l | | |1| | | |cu| | |9| | | |rr| | |2| | | |en| | | | | | |t | | | | | | |as| | | | | | |se| | | | | | |ts| | | | |   |L|   |  |7| | |a| | |5| | |n| | |5| | |d| | | | | |a| | | | | |n| | | | | |d| | | | | |b| | | | | |u| | | | | |i| | | | | |l| | | | | |d| | | | | i| | | | | |n| | | | | |g| | | | | |s| | | | | |  |   |6,940 |  |  | |   |L|   |  |2| | |e| | |,| | |s| | |7| | |s| | |6| | |a| | |6| | |c| | | | | |c| | | | | |u| | | | | |m| | | | | |u| | | | | |l| | | | | |a| | | | | |t| | | | | |e| | | | | |d| | | | | |d| | | | | |e| | | | | |p| | | | | |r| | | | | e| | | | | |c| | | | | |i| | | | | |a| | | | | |t| | | | | |i| | | | | |o| | | | | |n| | | | |   |  |Ne|   |  |4| | | |t | | |,| | | |pr| | |1| | | |op| | |7| | | |er| | |4| | | |ty| | | | | | |an| | | | | | |d | | | | | | |eq| | | | | | |ui| | | | | | |pm| | | | | | |en| | | | | | |t | | | | |Tradenames |  |   |173 |  |  | |Customer Relationships |  |   |322 |  |  | |Equity and Other Investments |  |   |395 |  |  | |Other Assets   |   |367 |  |  | |   |  |   |  |  | |Total Assets |  |$ |15,826 |  |  | |   |  |   |  |  | |Liabilities and Shareholders' Equity |  |   |   |  |  | |Current Liabilities |  |   |   |  |  | |   |A|   |$|4| | |c| | |,| | |c| | |9| | |o| | |9| | |u| | |7| | |n| | | | | |t| | | | | |s| | | | | |p| | | | | |a| | | | | |y| | | | | |a| | | | | |b| | | | | |l| | | | | |e| | | | |   |  |To|   |  |8| | | |ta| | |,| | | |l | | |4| | | |cu| |3| | | |rr| | |5| | | |en| | | | | | |t | | | | | | |li| | | | | | |ab| | | | | | |il| | | | | | |it| | | | | | |ie| | | | | | |s | | | | |Long-Term Debt |  |   |1,126 |  |  | |Minority Interests |  |   |513 |  |  | |Shareholders' Equity |  |   |   |  |  | |   |P |   |  |—| | |r| | | | | |e| | | | | |f| | | | | |e| | | | | |r| | | | | |r| | | | | |e| | | | | |d| | | | | |s| | | | | |t| | | | | |o| | | | | |c| | | | | |k| | | | | |,| | | | | |$| | | | | |1| | | | | |. | | | | |0| | | | | |0| | | | | |p| | | | | |a| | | | | |r| | | | | |v| | | | | |a| | | | | |l| | | | | |u| | | | | |e| | | | | |:| | | | | |A| | | | | |u| | | | | |t| | | | | |h| | | | | |o| | | | | |r| | | | | |i| | | | | |z| | | | |e| | | | | |d| | | | | |  | | | | | |—| | | | | |4| | | | | |0| | | | | |0| | | | | |,| | | | | |0| | | | | |0| | | | | |0| | | | | |s| | | | | |h| | | | | |a| | | | | |r| | | | | |e| | | | | |s| | | | | |;| | | | | |I| | | | | |s| | | | | |s| | | | | |u| | | | | |e| | | | | |d| | | | | a| | | | | |n| | | | | |d| | | | | |o| | | | | |u| | | | | |t| | | | | |s| | | | | |t| | | | | |a| | | | | |n| | | | | |d| | | | | |i| | | | | |n| | | | | |g| | | | | |  | | | | | |—| | | | | |n| | | | | |o| | | | | |n| | | | | |e| | | | |   |  |Total shareholders' |  |  | | | |equity | | | |Total Liabilities and Shareholders' Equity |  |$ |15,826 |  |  | |   |  |   |  |  | BEST BUY CO. ,  INC. CONDENSED CONSOLIDATED BALANCE SHEETS ($  in millions) (Unaudited and subject to reclassification)    | |CONDENSED CONSOLIDATED BALANCE SHEETS | |($ in millions) | |(Unaudited and subject to reclassification) | | | | | | | | | | |Mar. 3, 2012 | |Feb. 6, 2011 | |ASSETS | | | | |Current assets | | | | |Cash and cash equivalents |  $            1,199 | |  $            1,103 | |Short-term investments |                           -| |                          22 | | |   | | | |Receivables |                 2,359 | |                 2,348 | |Merchandise inventories |                 5,731 | |                 5,897 | |Other current assets |                  1,079 | |                 1,103 | |Total current assets |              10,368 | |              10,473 | |Net property & equipment |                 3,471 | |                 3,823 | |Goodwill |                 1,335 | |                 2,454 | |Tradenames |                       130 | |                       133 | |Customer relationships | 29 | |                       203 | |Equity and other investments |                       140 | |                       328 | |Other assets |                       403 | |                       435 | |TOTAL ASSETS |  $         16,076 | |  $         17,849 | | | | | | |LIABILITIES & EQUITY | | | | |Current liabilities | | | | |Accounts payable |  $            5,435 | |  $            4,894 | |Accr ued liabilities |                 2,968 | |                 2,771 | |Short-term debt |                       480 | |                       557 | |Current portion of long-term debt |                          43| |                       441 | |Total current liabilities |                 8,926 | |                 8,663 | |Long-term liabilities |                 1,099 | |                 1,183 | |Long-term debt |                 1,685 | |                       711 | |Equity |                 4,366 | |                 7,292 | |TOTAL LIABILITIES & EQUITY |  $         16,076 | |  $         17,849 | | | |BEST BUY CO. , INC. | |CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS | |($ in millions, except per share amounts) | |   |  | | | | | |Feb. 8, | | | | | |2009 | | |Revenue | | |$ |4 5,015 | | |Cost of goods sold | | |34,017 | | |Gross profit | | |10,998 | | |Gross profit % | | |24. 4% | | |Selling, general and administrative expenses | | |8,984 | | |SG % | | |20. 0% | | |Restructuring charges | | |78 | | |Goodwill and tradename impairment | | |66 | | |Operating income | | |1,870 | | |Operating income % | | |4. % | | |Other income (expense) | | | | | |Investment income and other | | |35 | | |Investment impairment | | |(111 |)| |Interest expense | |)|(94 |)| |Earnings before income tax expense and minority interests | | |1,700 | | |Income tax expense | | |674 | | |Effective tax rate | | |39. % | | |Minority interests | | |(30 |)| |Equity in earnings (loss) of affiliates | | |7 | | |Net earnings | | |$ |1,003 | | | | | | | | | | | | | | |Earnings per share | | | | | |Basic | | |$ |2. 43 | | |Diluted(1) | | |$ |2. 39 | | | | | | | | |Dividends declared per common share | | |$ |0. 4 | | | | | | | | |Weighted average common shares outstanding (in millions) | | | | | |   | | | | | |Basic | | |412. 5 | | |Diluted(1) | | |422. 9 | | |BEST BUY CO. , INC. | |CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS | |($ in millions, except per share amounts) | | | | | | | |Feb. 7, | | | | |2010 | |Revenue | | |$ |49,694 | | |Cost of goods sold: | | | | |Cost of goods sold | | |37,534 | | |Restructuring charges – cost of goods sold | | |— | | |Total cost of goods sold | | |37,534 | | |Gross profit | | |12,160 | | |Gross profit % | | | 24. 5 |% | |Selling, general and administrative expenses | | |9,873 | | |SG&A % | | |19. 9 |% | |Restructuring charges | | |52 | | |Operating income | | |2,235 | | |Operating income % | | |4. |% | |Other income (expense) | | | | |Investment income and other | | |54 | | |Interest expense | | |(94 |) | |Earnings before income taxes and equity in earnings of affiliates | | |2,195 | | |Income tax expense | | |802 | | |Effective tax rate | | |36. 5 |% | |Equity in earnings of affiliates | | |1 | | |Net earnings including noncontrolling interests | | |1,394 | | |Net earnings attributable to noncontrolling interests | | |(77 |) | |Net earnings attributable to Best Buy Co. , Inc. | |$ |1,317 | | | | | | | | | | | | |Earnings per share attributable to Best Buy Co. , Inc. | | | | |Basic | | |$ |3. 16 | | |Diluted(1) | | |$ |3. 10 | | | | | | | |BEST BUY CO. , INC. | |CONSOLIDATED STATEMENTS OF EARNINGS |($ in millions, except per share amounts) | |(Unaudited and subject to reclassification) | | | | | | | | | | | | |Twelve Months Ended | | | | |Mar. 3, | |Feb. 26, | | | | |2012 | |2011 | | |Revenue | |  $ 50,705 | |$49,747 | | |Cost of goods sold | |38,113 | |37,197 | | |Restructuring charges – cost of goods sold | |                 19 | |                 9 | | |Gross profit (24. 8%, 25. 25. %) | |     12,573 | |  12,541 | | |Selling, G&A expenses | |  Ã‚  10,242 | |10,029 | | |Goodwill impairment | |1,207 | |  Ã¢â‚¬â€ | | |Restruc turing charges | |                 39 | |           138 | | |Operating income | |        1,085 | |      2,374 | | |Other income (expense): | | | | | | |Gain on sale of investments | |                 55 | |  Ã¢â‚¬â€ | | |Investment income and other | |                 37 | |              43 | | |Interest expense | |         (134) | |           (86) | | |Earnings from continuing operations before income tax    | |        1,043 | |      2,331 | | |expense and equity in (loss) earnings of affiliates | | | | | | |Income tax expense | |            709 | |           779 | | |Effective tax rate | |68. 0% | |33. 4% | | |Equity in (loss) earnings of affiliates | |               (4) |                 2 | | |Net (loss) earnings from continuing operations | |            330 | |      1,554 | | |Loss from discontinued operations, net of tax | |         (308) | |        (188) | | |Net (loss) earnings including noncontrolling interest | |               22 | |      1,366 | | |Net earnings from continuing operations attributable to | |     (1,387) | |        (127) | | |noncontrolling interests | | | | | | |Net loss from discontinued operations attributable to | |            134 | |              38 | | |noncontrolling interests | | | | | | |Net (loss) earnings attributable to Best Buy Co. , Inc. | |  $(1,231) | |  $ 1,277 | | | | | | | | | | | | | | |Continuing operations | |  $   (2. 89) | |  $    3. 51 | | |Discontinued operations | |  $   (0. 47) | |  $ (0. 37) | | |Basic (loss) earnings per share | |  $   (3. 36) | |  $    3. 4 | | | | | | | | | | | | | | |Continuing operations | |  $   (2. 89) | |  $    3. 44 | | |Discontinued operations | |  $   (0. 47) | |  $ (0. 36) | | |Diluted (loss) earnings per share | |  $   (3. 36) | |  $    3. 08 | | | | | | | | | |Dividends declared per Best Buy Co. , Inc. common share | |  $       0. 2 | |  $    0. 58 | | | | | | | | | | | | | | | | | | | |Basic | |        366. 3 | |      406. 1 | | |Diluted | |        366. 3 | |      416. 5 | | |F|   | |e| | |b| | |r| | |u| | |Febru |   | |BEST BUY CO. INC | |CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |($ in millions) | |(Unaudited and subject to reclassification) | | | | | | | | | |Twelve Months Ended | | | |Mar. 3,   | |Feb. 6,   | | | |2012 | |2011 | |OPERATING ACTIVITIES | | | | | |Net earnings including noncontrolling interests | |  $                  22 | |  $             1,366 | |Adjustments to reconcile net earnings to total cash provided by| | | | | |operating activities: | | | | | |Depreciation and amortization of definite-lived intangible | | 45 | |                     978 | |assets    | | | | | |Goodwill impairment | |               1,207 | |  Ã¢â‚¬â€ | |Realized gain on sale of investments | |                    (55) | |  Ã¢â‚¬â€ | |Other, net    | |                    462 | |                     209 | |Changes in operating assets and liabilities, net of acquired | | | | | |assets and liabilities: | | | | | |Receivables | |                    (28) | |                    (371) | |Merchandise inventories | |                    120 | |                    (400) | |Accounts payable | |                    643 | |                    (443) | |Other assets and liabilities    | |                    (23) | |                    (149) | |Total cash provided by operating activities | |               3,293 | |                  1,190 | | | | | | | |INVESTING ACTIVITIES | | | | | |Additions to property and equipment | |                  (766) | |                    (744) | |Other, net    | |                     42 | |                     175 | |Total cash used in investing activities | |                  (724) | |                    (569) | | | | | | |FINANCING ACTIVITIES | | | | | |Repurchase of common stock | |              (1,500) | |                 (1,193) | |Borrowings (repayments) of debt, net    | |