Essay about Value Chain Analysis

a customer uses the card to make a purchase – an approach that helps enhance customer loyalty.

Furthermore,Best Buy Company also sells extended contracts on behalf of third parties with commissions being recognized in revenue at the time of sale.The company itself supports the primary activities of the company, including infrastructure, human resource management, technology development, and procurement. Best Buy has fostered a culture that encourages approachability, friendliness, and respect among employees and clients. This culture has transformed their offices into collaborative spaces focused on teamwork. With a large workforce of over 167,000 employees and a growth rate of 7.2 percent, Best Buy has one of the industry's largest human resources. Their procurement program is highly effective thanks to strong relationships with suppliers that enable efficient timing of merchandise receipts and distribution consolidation (Serres, 2007). Additionally, Best Buy has implemented a new labor model that combines hourly pay with commissioned sales to keep up with technological advancements. Despite not focusing on research and development activities from 2005 to 2008, Best Buy has been successful in generating value for shareholders and establishing themselves as an industry leader. They were named Forbes Magazine's Company of the Year in 2004 and ranked among the top 10 "America's Most Generous Corporation" in 2005 by Forbes Magazine as well.