1) What are the key environmental factors that created an opportunity for Robert Stephens to start the Geek Squad? The many changes in the environment that occurred were related to technology‚ computers‚ software‚ communications‚ entertainment‚ and social factors such as demographics and cultures‚ all things he came to realize during his consulting years. While Stephens was attending college and working towards earning a degree in computer science‚ he also worked as a consultant repairing televisions
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Unit 2 – Geek Squad Case Assignment 1. What are the key environmental factors that created an opportunity for Robert Stephens to start the Geek Squad? During the 90’s there was not much competition in understanding technology‚ repair of advance technology or installation and programming. Also‚ with the introduction of high tech equipment‚ there was a lack of qualified talent which made it easy for the Geek Squad to flourish. Many consumers where highly interested in owning the technology but
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Case 1 GEEK SQUAD: A NEW BUSINESS FOR A NEW ENVIRONMENT 1. What are the key environmental forces that created an opportunity for Robert Stephens to start the Geek Squad? I believe the Key environmental forces were (technological & competitive) His experience as a consultant led him to realize that most people needed help with technology‚ Robert Stephens stated : “ we have all experienced trying to keep up with the many changes in our environment‚ particularly those related to computers‚ technology
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Question 1 What are the key environmental factors that created an opportunity for Robert Stephens to start the Geek Squad? Technology Changes – as he said. “as long as there is innovation‚ there is going to be new kind of chaos”. His experience as a consultant led him to realize that most people needed help with technology and that they saw value in a service whose employees would show up at a specified time‚ be friendly‚ use understandable language and solve the problem. Regarding the consumers:
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1) For Robert Stephens to create his company there were key environmental factors that helped him achieve his goal in what he was trying to create. One of the most important factors for them is technology. With technology changing and always being updated‚ it always becomes increasingly more difficult to understand how the product works. The second factor was helping the consumer that didn’t understand or how the knowledge or time to learn how the product works and or is operated. The last factor
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Cluster 1 VIDEO CASE 3: Geek Squad: A New Business for a New Environment Question A: Describe how technology has changed in the past five years. Over the past few years technology has changed and had significant impact on the way we live. Almost everyone has a smart phone‚ regardless of age or social status. We text and email instead of talk‚ because it faster and convenient. We can rent movies with a click of the button and stream it to our device or home. Everything is based
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produce a cash flow forecast for the period April 2013 to March 2014 for American Pie using the estimated cash outflows and inflows. The opening balancing foe the start of April will be zero. 2. Identify the key trends in the forecasts you have produced and the possible reasons behind these trends‚ are there period when cash flow is a problem for this new business? What steps could Billy take to overcome these problems? Business may go bankrupt in the future‚ because the cash flow is less and
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• In your opinion‚ what are the specific key environmental forces that created an opportunity for your company? Best Buy was founded on technological advancement which at a time when people were not conversant with technology. The company identified this niche and capitalized on helping people with electronics. Consequently‚ the company realized that consumers were willing to pay in return of technical advice on their equipment. Greek Squad was the technical wing that was and is to this date designated
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Geek Squad There are many environmental factors that transpired to allow for Robert Stephens to create Geek Squad. Some of those factors include “Wireless broadband technology‚ high-definition televisions‚ Internet interfaces‚ trends toward computers‚ phones and entertainment systems.” Since many of these factors are somewhat complicated‚ not many consumers would be able to figure out how to properly work them having the ability for Geek Squad to provide a service to consumers that would help
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Geek Squad is a subsidiary of best buy company that provides technical supports services to residential and business around the world. They are the first company who provides national 24-hour technical supports service via remote access on Internet. Their unique business style and market strategy keep the business growing rapidly. By the SWOT analysis‚ it seems Geek Squad is in a very good business shape‚ they should keep it up with more improvement on their service quality and try to expend the
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