Tuesday, December 24, 2019

The Sleep Deprivation Epidemic Is Affecting Teenagers...

The purpose of this research is to explore the sleep deprivation epidemic currently affecting teenagers across the country. A study was conducted through the use of survey research on a group of students at Knightdale High School of Collaborative Design which asked questions regarding their current sleeping habits, and its affect on their academic performance. Questions considering other outside factors contributing to the lack of sleep of students were also included. 271 students participated in the survey spanning grade levels 9 to 12. The results of the study were that the majority of the students did not get the widely recommended 8 to 10 hours of sleep per night for teenagers, and the majority of those who did not also believed that†¦show more content†¦In addition, sleep is critical for decision making and critical thinking (Gilbert Weaver, 2010). Adolescents need to sleep the recommended amounts of time to be able to function at their optimum level. They are unable t o think as clearly or perform at the highest level in sports, school, or at work when they are tired (â€Å"Sleep and Teens†, n.d.). Sleep has been an important topic of research for many years. Early sleep literature only reported observations from sleep habits to compare and contrast with the data taken from the wake state. Before the majority of the science behind sleep was discovered, it was assumed that sleep was when the brain â€Å"turned off† and was in an entirely homogeneous state (Dement, 1998). Slowly, advancements were made in the study of sleep, including in 1729 when Jean Jacques d’Ortous deMairan demonstrated the persistence of circadian rhythms and in 1877 when narcolepsy was first described in medical literature (Dement, 1998; â€Å"Sleep Research Timeline†, 2017). Sleep research has since become much more advanced and is progressing quickly. One aspect of this research also included how sleep deprivation can affect academic performance. It is has been proven many times and with a variety of studies that sleep deprivation negatively impacts academic performance. The implication is that if these students are staying up later, their grades should be suffering. There are direct connections between rapid eyeShow MoreRelatedSummary : Investigative Journalism Essay952 Words   |  4 PagesSavannah Hamman Ms. Falbo Investigative Journalism 21 October 2016 Sleep and Students She woke up and stretched the stiffness from her limbs as she glanced at the clock, squinting through the blur of her tired eyes. 6:30 am, it read back to her, she sighed as she inched her way out of bed, not wanting to reach the edge and just stay in the warmth of her cozy sheets all day. When she finally stumbled into school, the students all around her were exactly the same. They walked the halls onlyRead MoreCauses Of Sleep Deprivation And Its Effects2487 Words   |  10 PagesMay, 2015 The Causes of Sleep Deprivation and Its Effects Do you know the importance of sleep? Do you know what sleep deprivation can do to you? Sleep deprivation is a terrible disorder that is caused by a lack of sleep. When you are up all night watching TV, or at work late and get home late but have to get up soon to start your day you are on the path of sleep deprivation. Sleep deprivation is a consequence of not sleeping, which results in bad health. Sleep deprivation is a serious problem becauseRead MoreMarketing Mistakes and Successes175322 Words   |  702 Pagescreated a mystique for its heavy motorcycles and gained new customers. And its Rallies are something else again. The comeback of Continental Airlines from extreme adversity and devastated employee morale to become one of the best airlines in the country is an achievement of no small moment. New CEO Gordon Bethune brought marketing and human relations skills to one of the most rapid turnarounds ever, overcoming a decade of raucous adversarial labor relations and a reputation in the pits. Marketing

Monday, December 16, 2019

Best Buy Case Study Free Essays

ESLSCA: GROUP 39D | | | | |Best Buy Co. , Inc. pic] | |Strategic Audit | |August 2012 | | | | | Presented to Dr. We will write a custom essay sample on Best Buy Case Study or any similar topic only for you Order Now 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. RD10 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 Factors11 1. 1. 3. Review of Mission and Objectives11 VII. Strategic Alternatives and Recommended Strategy12 1. Corporat e 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. (Best 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 ? Raising 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 (differ entiation 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 quantity 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 MA 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 externa l 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 (Mike 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 immediat ely. 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 CEO Shari 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 Environment 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 Cultural 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 increasing. (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 v ision 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 structure 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 †¢ 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 †¢ Econ omic 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 Issues. †¢ 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 cost Cons: 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: saving 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 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 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 gr owth 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 |               à ‚        140 | |                       328 | |Other assets |                       403 | |                       435 | |TOTAL ASSETS |  $         16,076 | |  $         17,849 | | | | | | |LIABILITIES EQUITY | | | | |Current liabilities | | | | |Accounts payable |  $            5,435 | |  $            4,894 | |Accrued 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 | | |$ |45,015 | | |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 | | |SGA % | | |19. 9 |% | |Res tructuring 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, GA expenses | |  Ã‚  10,242 | |10,029 | | |Goodwill impairment | |1,207 | |  Ã¢â‚¬â€ | | |Restructuring 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 | |      à ‚              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    | |   How to cite Best Buy Case Study, Free Case study samples

Saturday, December 7, 2019

EMotional Intelligence It Affects Learning - MyAssignmenthelp.com

Question: Given the difficulty of communicating emotional nuance in lean media such as IM and email, are emotions really that bad? Answer: Communicating emotional nuance in email and instant messaging to weary teammates is difficult for a manager. Emotions are natural and can adversely or positively affect communication. To the negative side, emotions affect communication within project management in the following ways: Inappropriate emotional expressions in IM and email create havoc and damage to employees' relationships. Human emotions traumatize the project workforce, and this affects their productivity. Personal differences emotions disguise and kill employees' morale. When personnel is demotivated, they transfer this negative ego to the overall project and cause failure. Also, when such information is shared via email, the disguised employee can transfer to his/her colleagues hence creating wreak havoc (Zeidner, Matthews, Roberts, 2012). Hostile emotions by the manager to employees such as anger, envy, and disgust create unpleasant facial expressions in IM and email. Contempt, disgust, and envy wounds employees are hence affecting project success. On the other end, emotions positively affect communication through IM and email in the following ways: Appropriate facial expressions motivate employees: Like in this case, the manager employs the right use of emotions in the manner he frames the instant message. He, by all means, avoids applying personal perspectives, opinions, and differences in the message and this calms employees' tempers. Emotions portray a sense of confidence: When a manager acts in a manner that defends the employees, they feel valued and form a high sense of confidence with the leader. With team confidence, project success is guaranteed, and this creates a rapport that is easy for employees to forget the damage they were caused by the management. As a manager, what reaction would you have to job applicants where emotions are used in the email message accompanying the job application? As a manager, one should be wise by always employing the right knowledge and skills when dealing with job applications whose message have used emotions. The following are the correct reactions that a manager should consider in such a case: Dismiss and chock off the applications: Since job applications should be impersonal, the employment of emotional feelings by applicants calls for dismissal by a manager and always respond to those emails that have not used emotions. Take time before concluding on whether to respond or not: A manager needs to be honest when dealing with emotional emails since they are not considered professional at all. This calls for him/her to take adequate time before responding to give a response that does not portray emotional feelings as well. Give a straightforward response: Under this strategy, a manager should avoid the use of irony and sarcasm especially when the job applications seem personal. Advise the job applicant on the right language to use for their emails to get a response. Seek team approval in case the manager comes across a qualified candidate: It is essential for the manager to consult team leaders and other key people within an organization in case he/she comes across a qualified candidate (Bradberry Greaves, 2006). They may recommend he responds positively and hires such a candidate. References Bradberry, T., Greaves, J. (2006).The emotional intelligence quick book: Everything you need to know to put your EQ to work. Simon and Schuster. Zeidner, M., Matthews, G., Roberts, R. D. (2012).What we know about emotional intelligence: How it affects learning, work, relationships, and our mental health. MIT press.