Finding the best buy case study

I’m trying to study for my Business course and I need some help to understand this question.

Finding the Best Buy" Please respond to the following:

· Read the Finding the Best Buy case located in the blue cases pages of the textbook.

· Corporate governance has become a hot issue in the U.S. over the past two decades. From your analysis of the case study, determine two possible corporate governance challenges that might be faced by Best Buy as a result of its rapid growth and why they could become corporate governance issues.

· Make recommendations for how Best Buy can overcome these challenges. Provide specific examples to support your response.

Some responses posted by my peers:

1. Best Buy is currently facing an uphill battle as their accounting, governance, and financial problems worsen. A huge problem that Best Buy has is that their products are more expensive than their competitors. I do the same thing other people do. I shop on Best Buys website to research products I want and then buy them from another company at a lower cost. People along with myself trust Best Buys products, therefore we are using them only as a reference. The only thing I have purchased from them in the last 10 years is a computer because I do not trust anyone else to sell me a quality desktop. Another issue is that the bargain priced products are only available on Best Buy's website. This is discouraging to customers, for they cannot see the product in the store and have to pay a hefty shipping charge. The corporate governors need to begin price matching their competitors. If they don't watch out, they will end up like Circuit City. This over-priced cost issue can end up causing Best Buy to face financial issues. Another challenge they may face is keeping up with offering all new technologies. This is what Best Buy is known for. If they can't continue to offer the newest products then customers will start shopping elsewhere.

Best Buy needs to price match. The competition is getting bigger and they need to stay in the game. Another thing Best Buy needs to do is offer more affordable products in the store and not just their website. There are many things that I have been interested in purchasing from them online but won't because they are not tangible. They need to continue to offer amazing customer service to their customers and continue to stay up with the newest technologies.