Please complete the remaining sections

Title: What is the impact new technologies have had on Best Buy?

Section $1$ Introduction and Overview

In this research paper, we will be focusing on Best Buy. We will look at what impact new technology innovations and trends have had could have on Best Buy. Best Buy is a company that belongs multi$-$national retailer of electronic products, including consumer electronics, mobile phones, appliances, entertainment products, and home office products, and provider of related services including consultation, design, set$-$up$,$ protection plans, technical support, educational classes, delivery and installation for home theater, mobile audio, and appliances. Best Buy offers its products under various brand names and sells its merchandise at retail stores, online, mobile applications, and through call centers. The company$$s NAICS Code is $449210$ and is classified in the $$Electronics and Appliance Retailers$$ sector.

Background of the Company

The company was founded by Richard M$.$ Schulze and James Wheeler in $1966$ as an audio specialty store called Sound of Music. The first store was opened in St$.$ Paul, Minnesota, in an attempt to capture a share of the Twin Cities' home and car stereo retail market. First$-$year sales reached $$173,000.$ Four years later Schulze bought out his partner and proceeded to expand his retail chain. His first step was to expand Sound of Music's offerings to include appliances and video cassette recorders $($VCRs$).$ Schulze saw sales quickly climb. In $1982$ revenues reached $$9\mathrm{.}3$ million, and the following year the company renamed itself Best Buy Co$.,$ Inc. Then, in $1984$ Schulze took another major step by introducing the superstore format and quickly capturing $42$ percent of the local market. Best Buy went on to become multinational retailer, primarily known as a purveyor of consumer electronics, computers, mobile phones, entertainment products, and home appliances and a provider of specialty services. The company divides its operations between two segments. The domestic segment includes the operations of more than $1,000$ large$-$format stores and about $30$ small$-$format stores, as well as online sales. Also included is the Geek Squad, which provides installation and repair services, and Best Buy Health, a provider of senior care and elder care technologies. Best Buy's international segment oversees operations like the domestic side in Canada. Headquartered in Richfield, Minnesota, Best Buy is a public company listed on the New York Stock Exchange. They currently have an annual revenue of $$43$ million and $$14$ million in assets.

Vision and mission

The Company vision statement is $$Our purpose is to enrich lives through technology.$$ The company website states that they do that by leveraging their unique combination of tech expertise and human touch to meet customers$$ everyday needs, whether they are online, visiting stores or into their homes. Best Buy is also making efforts on helping customers live more sustainably by offering eco$-$friendly products Best Buy has set a goal to help costumers reduce their carbon emissions by $20\%.$ Simultaneously Best Buy is working together with customers to keep tech out of landfills by recycling.

Measure of Best Buy$$s Performance

The purpose of this research paper is to determine if the changes in the environment $($external and internal$)$ Influences the performance of the company and how new technology development have impacted Best Buy$$s performance and sales. Best Buy$$s corporate section states that $$For years, Best Buy has been making significant e$-$commerce investments to enhance the shopping experience through the use of digital technology.$$

Section II $$ The External Environment

The competitor Analysis

The general Environment$/$wider macroeconomy

Section III $$ Internal environment

Capabilities

Core Competencies

VIRO and Value chain analysis

Competitive advantSection IV $$ Summary, conclusion, and recommendation summary