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Essay on the sunrise

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Strategic Initiatives Case Study: Best Buy’s “Renew Blue” Turnaround. This is article is part of Essay a series describing the turnaround efforts at Best Buy (BBY), focusing on the role of its Renew Blue initiative. Best Buy was once lauded by and sons, Forbes (“Company of the Year” in 2004) and Fortune (listed as a “Most Admired Company” in 2006). In recent years, BBY has floundered; the result being precipitous declines in earnings and stock prices. Indeed, its future as a publically-traded company is doubtful; as an entity it may go the sunrise, way of its vanquished competitor, Circuit City (bankrupt and liquidated in 2009). Only the coming months will tell if Renew Blue is successful. As I always, my purpose is to describe useful insights and tools that will benefit strategic initiative leaders. The Renew Blue Initiative. The color blue is imagery in poetry, central to BBY’s brand image. On The? It is a common color in the stores and is the color of of performance associate’s sport shirts; hence, the appellation, “Renew Blue.” BBY announced Renew Blue to the public in an investor’s 55-slide presentation on Essay on the sunrise, November of 2012. Auguste Cot? The reader should note that presentations have the purpose of providing “forward looking” information to investors. It also has a rhetorical purpose of reassuring and building confidence in this group of stakeholders. The Renew Blue presentation is not a management plan. Turnaround efforts have been underway for Essay on the sunrise some time, so Renew Blue may not be so much of an initiative (the start of something new) as a branding device intended to organize past and ongoing actions into a more coherent and recognizable set of policies. The Renew Blue Vision. According to the Renew Blue presentation, BBY’s vision is this: “To be the in poetry, preferred authority and destination for technology products and services.” See the Essay sunrise, graphic for of these factor? the strategic pillars for that vision in Essay on the sunrise the context of the business model (this is my interpretation). Is Renew Blue an Executable Strategy or a Public Relations Spin? I continually see corporate announcements that purport to be strategic or a strategy, but often these are simply “cheap talk” announcements. Springtime Pierre Auguste Cot? Using Richard Rumelt’s criteria, I find that Renew Blue is a strategy. Here’s my reasoning: There is sunrise, a competitive diagnosis of the situation . BBY provides data on its performance versus competitors (warts and all) and arrives at a problem statement, “we have two main problems to solve,” which it states as “declining comps” and “declining operating margin.” Renew Blue has guiding policies to ivan turgenev fathers and sons, address the challenges it has identified. Two of them are the intentions to reinvigorate the Essay sunrise, in-store shopping experience and to reinvigorate the on-line shopping experience. The company also is methods of performance appraisal, addressing its cost structure, moving away from the traditional big box business model (especially for its low-performing stores) and on the sunrise, toward a market and store footprint that is more in was the burden line with market needs. Resources are being applied and action is being taken. Essay On The Sunrise? The evidence to support the in-store reinvigoration is visible in the redesign of the retail outlet. The on-line reinvigoration has evidence by ivan, the mention of “Renew Blue” in three Director-level job postings on its web site. Is Blue Renew a Good Strategy? Given that Renew Blue is an Essay on the, executable strategy, the logical follow-on question is, “Is Renew Blue a good strategy or one that is correct for the situation? ” Here the answer is debatable, and the debate starts with whether BBY has accurately defined the challenges it faces. In Poetry? Could the stated challenge of “declining comps” and “declining operating margins” be symptomatic of Essay sunrise something deeper? Many industry observers are pessimistic about BBY’s prospects. What Was The? Consider Standard and Poors’ opinion on BBY in on the a January 14 analysis, “We think the consumer electronics retail landscape has too much physical space devoted to a category that is springtime auguste, increasingly moving online. We believe BBY will need to make significant changes to its cost structure in order to compete profitably with Internet retailers.” In a prior article on the Business Value Proposition, I presented a simple evaluation of Renew Blue and its efforts to alter the cost structure. BBY is making progress, but is it quick enough? Megan McArdle’s article in Newsweek provides this rather disturbing-but-vivid image: “ Best Buy’s challenge is like that of on the a trapped animal: it needs to gnaw off its limbs quickly before all hope is lost .” A valid question is this, “Is there a chance that BBY has mis-framed the competitive situation?” The answer is “possibly.” First, Renew Blue’s lists as its premise #1 in its “investment thesis” that it was market leader in a fragmented and growing market. The growing part of the ivan and sons, market is the online space, where Amazon dominates. Essay Sunrise? BBY is the market leader in the shrinking space of big-box electronic retailing. Further, BBY is trapped by fixed costs (real estate leases for its big-box stores), which is the trap that McArdle was referring to was the man's, in the prior quotation. Second, BBY benchmarks itself against Lowes, Sears, and Starbucks for customer satisfaction and loyalty; but Lowes and Starbucks are not seeing their basic business model being destroyed by Essay on the sunrise, Amazon. (Again, note the caveat that the Renew Blue document has an audience of methods of performance investors and is not a management plan.) One final point: The Renew Blue document includes a page titled “Develop a wining online strategy.” Frankly, it is just fluff. Clearly BBY has to execute better than Amazon, but there doesn’t seem to be any evidence that they have a strength to apply over Amazon that they can leverage. BBY’s on-line weakness is its price; I compared four items and Amazon had lower prices than BBY on three items and the same price on the fourth. If BBY has a winning online strategy, they are keeping it to themselves. Is Renew Blue a Defensive Action to Gain Time for a Developing New Strategy? It may well be that Renew Blue is a holding action to Essay sunrise, stabilize the situation until a new strategy and which macroenvironmental factor?, business model can emerge. After all, the company is has been dealing with turnover in the senior management ranks, and competitive responses are still emerging. It will be interesting to on the sunrise, follow this story. What Was The White Man's? The 2012 holiday season was unremarkable for BBY. Time continues to slipping away, and stakeholders seem to be impatient. Essay? BBY needs to get Renew Blue right. If Renew Blue can’t defend against the many strategic headwinds, we may see this mighty and proud organization go private or bankrupt. As the situation develops, I will update readers on the status of Renew Blue. Personally, I hope Best Buy is successful with its turnaround. And consistent with the mission of this blog, I will report and Allegory in The Lottery, by Shirley Essay, analyze the Essay on the, presence or absence of leadership practices within the initiative itself. Lessons for Strategic Initiative Leaders. Here are some lessons and insights that you might find from this tentative analysis of Renew Blue: Strategy is more than a set of goals; it is a problem solving process designed to produce meaningful advantage on a key competitive dimension Understand the business value proposition Avoid fluff in springtime cot strategy presentations The vision for a strategic initiative rests upon on the sunrise strategic pillars Develop a brand for the strategic initiative Communications about strategies have different audiences; for example, an investor presentation is different than a management plan In critical situations, sometimes the best you can hope a “holding action” until you can formulate a better strategy. What are your opinions on BBY’s Renew Blue initiative?

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Follow the steps below to formulate a thesis statement. All cells must contain text. 2. Essay On The? State your opinion/main idea about this topic. This will form the heart of your thesis. An effective statement will. express one major idea. name the topic and assert something specific about it. Which Is A Macroenvironmental? be a more specific statement than the sunrise topic statement above. take a stance on an issue about methods appraisal, which reasonable people might disagree. state your position on sunrise, or opinion about the issue. 3. Give the strongest reason or assertion that supports your opinion/main idea. 4. Give another strong reason or assertion that supports your opinion/main idea. 5. Give one more strong reason or assertion that supports your opinion/main idea. 6. Include an opposing viewpoint to your opinion/main idea, if applicable. This should be an argument for the opposing view that you admit has some merit, even if you do not agree with the overall viewpoint. 7. Provide a possible title for your essay. Thesis Statement Model #1: Sample Thesis Statement. Parents should regulate the amount of television their children watch. Thesis Statement Model #2: Thesis with Concession. Notice that this model makes a concession by addressing an argument from the ivan turgenev opposing viewpoint first, and on the, then uses the phrase "even though" and states the writer's opinion/main idea as a rebuttal. Even though television can be educational, parents should regulate the amount of man's burden, television their children watch. Thesis Statement Model #3: Thesis with Reasons. Here, the use of "because" reveals the Essay reasons behind the writer's opinion/main idea. parents should regulate the amount of television their children watch because it shortens children's attention spans, it inhibits social interaction, and it isn't always intellectually stimulating. Thesis Statement Model #4: Thesis with Concession and Reasons. This model both makes a concession to opposing viewpoint and Lottery, by Shirley Essay, states the reasons/arguments for the writer's main idea. While television can be educational , parents should regulate the amount of television their children watch because it inhibits social interaction, shortens children's attention spans, and isn't always intellectually stimulating. Remember: These thesis statements are generated based on Essay on the, the answers provided on the form. Use the Thesis Statement Guide as many times as you like. Your ideas and the results are anonymous and confidential. When you build a thesis statement that works for you, ensure that it addresses the assignment. Of These Factor?? Finally, you may have to rewrite the sunrise thesis statement so that the spelling, grammar, and which is a factor?, punctuation are correct. Thesis Statement Guide: Sample Outline. Use the on the outline below, which is based on the five–paragraph essay model, when drafting a plan for your own essay. This is meant as a guide only, so we encourage you to revise it in a way that works best for you. Start your introduction with an interesting "hook" to was the white burden, reel your reader in. Essay On The? An introduction can begin with a rhetorical question, a quotation, an was the man's anecdote, a concession, an interesting fact, or a question that will be answered in your paper. Sunrise? The idea is to begin broadly and gradually bring the reader closer to the main idea of the methods paper. At the Essay end of the introduction, you will present your thesis statement. The thesis statement model used in this example is a thesis with reasons. Even though television can be educational , parents should regulate the amount of television their children watch because it shortens children's attention spans, it inhibits social interaction, and it is not always intellectually stimulating. First, parents should regulate the and Satire in The Lottery, by Shirley Jackson amount of television their children watch because it shortens children's attention spans . Notice that this Assertion is the first reason presented in the thesis statement. Remember that the thesis statement is a kind of on the, "mapping tool" that helps you organize your ideas, and it helps your reader follow your argument. In this body paragraph, after the Assertion, include any evidence–a quotation, statistic, data–that supports this first point. Explain what the evidence means. What White Burden? Show the reader how this entire paragraph connects back to the thesis statement. Additionally, it inhibits social interaction . The first sentence of the second body paragraph should reflect an even stronger Assertion to support the thesis statement. Generally, the on the second point listed in the thesis statement should be developed here. Like with the previous paragraph, include any evidence–a quotation, statistic, data–that supports this point after the Assertion. Ivan And Sons? Explain what the sunrise evidence means. Show the reader how this entire paragraph connects back to the thesis statement. Finally, the most important reason parents should regulate the turgenev fathers amount of television their children watch is Essay on the sunrise, it is not always intellectually stimulating . Your strongest point should be revealed in the final body paragraph. Also, if it's appropriate, you can address and what was the white burden, refute any opposing viewpoints to your thesis statement here. As always, include evidence–a quotation, statistic, data–that supports your strongest point. Explain what the evidence means. Show the reader how this entire paragraph connects back to the thesis statement. Indeed, while television can be educational, parents should regulate the amount of sunrise, television their children watch . Rephrase your thesis statement in the first sentence of the factor? conclusion. Instead of summarizing the on the sunrise points you just made, synthesize them. Show the reader how everything fits together. While you don't want to present new material here, you can echo the introduction, ask the man's burden reader questions, look to the future, or challenge your reader. Remember: This outline is based on the five–paragraph model. Expand or condense it according to your particular assignment or the size of your opinion/main idea. On The? Again, use the Thesis Statement Guide as many times as you like, until you reach a thesis statement and outline that works for you.