Essay on Best Buy -Circuit City Case Search
In evaluating whether or not the replacement of highly paid workers with lower –paid worker at Circuit City caused them to perform poorly I found several factors that lead me to believe this to be true. Circuit City started off being the number one retailer of electronics. It was faced with competition from Best Buy and other large retailers such as Wal-Mart. Circuit City was forced with making changes within the company to keep their position within the market that they didn’t take. In 2003 …show more content…
Best Buy began losing sales of expensive items like TV’s. Customer could now go to stores like Walmart and Target and get cheaper TV’s off the shelf. The company made a valuable decision to take on a new compensation strategy. 3. Why are Walmart, Sam’s Club and Costco doing better than Best buy? Do they have high pay?
Walmart’s mission statement is people saving money living a better life. Sam’s Club mission is to make savings simple for members by providing them with exciting, quality merchandise and a superior shopping experience, all at a great value. Costco mission is to continually provide our members with