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Welcome to the Spring 2013 MB107 Executive Presentation Orientation Find your team number and sit together with your team. We’ll get started soon!. Orientation Meeting Agenda. What is Company X? Who’s who in the MB107 Program What is the Executive Presentation? Dry Run and EP Specifics
Welcome to the Spring 2013MB107 Executive PresentationOrientationFind your team number and sit together with your team. We’ll get started soon!
You must come up with a strategy
to move Best Buy Co., Inc.
forward in the next 3 years.
The Bottom Line?
YOUR TARGET IS
TO ADD 10%
TO THEIR OPERATING PROFIT
BY YEAR-END 2016
MB107 Faculty – Professors Mark Youndt and Cathy Hamilton
MB240/316 Coaching and Leadership Faculty – Professor Tancredi
MB107 Staff – Nancy Walker, Tyler Orfao ’13, Rebecca McCourt ‘14
MB107 Coaches – Enrolled in MB240/316 and Volunteer coaches
Management and Business Faculty – Experts are available
Seek them out for specialized questions (marketing, financials, presentations,…)
Reference Librarian – Barbara Norelli, Social Science Librarian
http://libguides.skidmore.edu/MB107Who’s Who in MB107 Program
“In the future, we expect to see a reduction in the number of large-format stores, a reduction in square footage for certain of our large-format stores and a continuation of the growth in small-format Best Buy Mobile stores.” (Annual report, 2012)
Acquired cloud-like mindSHIFT for $175mill (focusing on small/mid-sized business IT services)
Expanding Geek Squad to eBay and Target stores
By end 2012,
had closed all large-format Best Buy
branded stores in China, Turkey, UK
Q: Where should I start?
A: Read the case, the annual report, any/all reports and articles linked on the MB107 website, and stay current on any “new” news or reports on Best BuyAnalyze Best Buy’s current situation to identify the major issues.
Two “Key Slides” to include in your presentation:
1. The key challenges/opportunities/issues facing Best Buy are…
2. Our strategy addresses these by… (explain how)
Refer to the MB107 Financial Template Guide (word doc)
Refer to the Financial Template (excel)
Keep a schedule that works for everyone
If your team needs a place to meet for one or two nights during the semester, you must reserve a room.
You cannot assume that campus spaces are available.
Room reservations should be made only when you absolutely need them and through Skidmore’s Scheduling Office:
the most critical resource