Why Best Buy has always had the best strategy: Two new roads in search of continuous renewal

Abstract

Purpose

The purpose of this paper is to review the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

In the few decades since corporate strategy really took off a serious academic discipline, several luminaries such as Michael Porter have made their mark be developing a theory, refining it and testing it, and in turn having a huge impact on how the subject is studied by business students and practitioners alike. Other academics have tried to challenge the theories, pick arguments or just plain put down these seminal theorists. Others tinker with the formulae to try and make their own impact. However some try to genuinely expand on the original and attempt to take it into new directions and dimensions that, crucially, take account of the rapid changes in business practices.

Practical implications

Provides strategic insights and practical thinking that have influenced some of the world's leading organizations.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.

Citation

(2008), "Why Best Buy has always had the best strategy: Two new roads in search of continuous renewal", Strategic Direction, Vol. 24 No. 4, pp. 21-23. https://doi.org/10.1108/02580540810860823