Preview

How Best Buy Could Improve Their Information Security To Prevent The Leakage Of Customers Personal Information?

Powerful Essays
Open Document
Open Document
1603 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
How Best Buy Could Improve Their Information Security To Prevent The Leakage Of Customers Personal Information?
3.0.3 IMPROVEMENT STRATEGIES Best Buy can improve their information security to prevent the leakage of customers’ personal information. Best Buy can use the encryption technology to protect the customer’s information. Best Buy should ensure that their customers set a strong password with a complex combination such as alphabet, number and symbol to protect the information from hackers. Other than that, best buy can create an IT security engineering system that can protect the electronic information from being hacked or wiped out during the technology disaster. Best Buy can conduct online survey form that collect the feedback from the customer and give the customer some offer such as discount voucher or free gift after they complete the survey to encourage them to do the survey. On the other hand, Best Buy should hire IT expert to manage and improve their IT and computerized system and give the existing employees IT training such as Microsoft word and Microsoft Excel. Best Buy top management and the manager can use the virtual technologies such as SKYPE to communicate and train the employees as the employees will stay in their department and on their desks when they attend the lesson. They can collect the information well to support the top management to make decision efficiency. …show more content…
This is because compared with e-learning, the traditional classroom training specialists can answer the employee's problem directly and on-site lecture will give employees more profound impression. The teaching method will be adjusted according to the atmosphere of the scene and based on the students' learning degree. This kind of mobility is generally not provided by e-Learning. Therefore, Best Buy must put more effort in this area. For example, the company can be more humane to set a different levels of training which according to the level of the staff's learning gradually increase the degree of

You May Also Find These Documents Helpful

  • Powerful Essays

    Best Buy Company is one of the leading companies in US and Canada dealing with the retailer of the consumer electronics. The company has over 400 stores worldwide offering a wide variety of products worldwide , among the company’s major products include the following ; mobile phones, gaming systems appliances, computers , televisions among other components and accessories. However, the company has adopted a variety of strategies that sees it enter successfully into the competitive markets; for instance, it has developed a culture that promotes excellence customer services, minimized or no commission on some products, employing highly experienced and skilled staffs . These have seen the Best Buy company expand to many successful branches and increased production over some a good period of time.…

    • 2103 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Most popular items they carry are computers, mobile phone, TV, appliances, and much more. The SWOT analysis that I did on this company is as following. Best Buy strengths are listed as following: Over two decades of brand presence, with at least one decade of extremely strong brand recognition within the US, longstanding relationship with vendors, and well-known brands. Their weakness is an area they must improve if they want to stay ahead of their competitors. For example, too many brands, poor inventory management, recent senior Leadership turnover, and weakening financial situation. Their opportunities are as following: lower overhead costs, online retailers are poised to, experimenting with, offering same-day delivery via courier, and increasing need for IT Outsourcing. The threat best buy is facing are as following: low frequency of television upgrades, cheap retailers such as Walmart, and exchange rate fluctuation. Their top competitors are Amazon, Digital River, and…

    • 1663 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    Best Buy Analysis

    • 12713 Words
    • 51 Pages

    According to the Best Buy’s corporate website, the company’s “unofficial” mission statement is simple, “We’re a growth company focused on better solving the unmet needs of our customers.”1 Upon reviewing this statement, our team was motivated to construct a unique plan that expands Best Buy brand and influences new target markets, while also continuing to provide growth and development in Best Buy’s products and services. Our initiative is to develop smaller stores that feature a condensed selection of consumer electronics, these stores will be strategically placed in areas where customers have unmet needs. The products, services, and staff offered will, high quality and knowledgeable service. These condensed stores will focus on the…

    • 12713 Words
    • 51 Pages
    Powerful Essays
  • Good Essays

    Best Buy Co., Inc. is an American public company that is a specialty retailer of consumer electronics in the United States, accounting for 19 percent of the market (1). Over the last fifteen years, Best Buy, like many retailers, is “competing with a perfect storm of disruptive technologies (2)”. It is hard to compete with those companies embraced with innovations, such as Apple and Amazon. Best Buy has lost $1.23 billion and 2.4% decreasing of revenue last year. In order to create a delighting customer atmosphere, Best Buy should focus on: engaging in innovations of e-commerce, training employees, and focusing on the target market.…

    • 606 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Best Buy is the largest consumer electronics store in the world. Each year it increases its presence in the market share and distances itself from others in the industry. Best Buy is headquartered in the Twin cities area of Minnesota, where it handles all main business functions and the leadership that manages its 180,000 employees and 4,000 stores across the globe (Best Buy, 2010). During the previous fiscal year, Best Buy accumulated nearly 50 billion in revenues and 2.2 billion in operating revenue. They also reported that they possess 18.3 billion in total assets and 6.3 billion in total equity.…

    • 2054 Words
    • 59 Pages
    Powerful Essays
  • Better Essays

    Critical Analysis 1

    • 1154 Words
    • 5 Pages

    When Best Buy first opened it was an event that an electronics store could hold such a variety of products, have knowledgeable employees, and offer competitive prices at the same time. Although in 2012 it was reported that revenues for Best Buy increased, the company still fell victim to the problems of having a decrease in net income and operating cash flow. “The company reported revenues of (U.S. Dollars) USD 50,705.00 million during the fiscal year ended March 2012, an increase of 1.93% over 2011. The operating profit of the company was USD 1,085.00 million during the fiscal year 2012, a decrease of 54.30% from 2011. The net loss of the company was USD 1,231.00 million during the fiscal year 2012, as against a net profit of USD 1,277.00 million during 2011 (Strategic Analysis 1).” It is obvious by these numbers that Best Buy, a company that has been historically successful, has been running into some recent troubles. In this report I will identify all of the potential reasons for Best Buy’s recent poor performance, as well as offer my opinion for the primary reasons for Best Buy’s recent sub-par performance.…

    • 1154 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Talented CEO’s Richard Shultze and Brad Anderson with skills, motivation and their strategies. Best buys employees have been trained and skills to better cumstomer satisfaction. As of feburary 2009 Capital was 4,174 million other resources include financial resources , Organizational resources,Trade names,Location, and a good reputation with their customers.…

    • 474 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Best Buy is a growth company focused on better solving the unmet needs of our customers, and we rely on our employees to solve those puzzles” (Best Buy, 2009-2015).…

    • 2034 Words
    • 9 Pages
    Better Essays
  • Good Essays

    Best Buy Co. Inc. is a multinational retailer of consumer electronics, appliances, entertainment software, home office products, and related services. The company operates retail stores, calls centers, and conduct online retail operations.…

    • 1893 Words
    • 8 Pages
    Good Essays
  • Good Essays

    Best Buy Case

    • 465 Words
    • 2 Pages

    Best Buy Co., Inc. is a multinational retailer of consumer electronics, home office products, entertainment software, appliances and related services.…

    • 465 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Data security would be a method that corporations use to keep important and confidential information protected. Access to this type of secure information is limited to those who have the authorization to view it. Data security is enforced so that private information that a corporation has about its employees, customers and others that they conduct business with is kept safe from any potential corruption from those who want to use it to their advantage. Many companies go to great lengths to keep their data safe and sound from hackers who can get confidential information from their systems. If a company is not careful and does not protect their confidential information many problems can occur. Some of these problems include identity theft of customers and employees. Hackers can steal information such as social security numbers, addresses, credit card information and many other key pieces of information that can let hackers easily access ones identity. The focus of this research paper would be about the Michaels Stores…

    • 813 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Lets Do It

    • 641 Words
    • 3 Pages

    In 2002, the Geek Squad was purchased by electronics retailer Best Buy for approximately $3 million. Best Buy saw this as an opportunity to help its frustrated customers install and use electronic devices purchased from Best Buy. Best Buy's research indicated consumers saw this service as critical and started to place Geek Squad areas in their stores. They even created some stand-alone Geek Squad Stores and provided 24-hour telephone support. There are now more than 24,000 Geek Squad employees in the U.S., Puerto Rico, and Canada, which has helped reduce product returns of electronic devices at Best Buy by over 25 percent.…

    • 641 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Best Buy

    • 914 Words
    • 4 Pages

    Best Buy was founded in 1966 by the current CEO Richard M. "Dick" Schulze. Based out of Eden Prairie, Minnesota the corporation currently has 446 stores and earned over 83 million in total revenue last year. Best Buy carries a wide variety of products consisting of Major Appliances, video and audio equipment, computers, software, music, and wireless technology. When analyzing this corporation it is important to pay close attention to its current and future services and products, any problems with the corporation, the future direction Best Buy is headed, what can be done for the corporation, and what it can do for you as a consumer or employee.…

    • 914 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The ability to make employees aware of the possibility to expand on their knowledge could prove to be very beneficial to an organization. “With today 's technology, offering a variety of management training has become ever more cost effective”. Online training is a tool that could be very inexpensive to an organization and would allow the ability of an employee to cross trained in a less time consuming way. Retention of the right resources is a benefit to companies that offer online training and this could also be designed to the specifics of the organization.…

    • 1089 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    They have the technology in place for the most part, but do not fully utilize its potential. They clearly do not fully embrace technology. They use a satellite system over a higher speed options and do not use networks to enhance their operations. Their reasoning for this is to keep the overhead costs down, but this increasing the overall deficiencies of their business. The main process that suffers from the lack of information systems is their inventory process. When inventory arrives at a store, it is not scanned nor is the amount of goods verified or noted. This had lead to the shrink rate, the amount of loses in sales a store writes off, to increase and develop a distrust between corporate management and the employees at the stores. Dollar General uses inventory information systems at their distribution centers already. By adapting this technology on the store level, Dollar General will be able to solve one of the biggest problems they…

    • 554 Words
    • 3 Pages
    Satisfactory Essays