Preview

Barnes & Noble (Strategic Analysis)

Satisfactory Essays
Open Document
Open Document
429 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Barnes & Noble (Strategic Analysis)
Barnes & Noble (Strategic Plan Analysis)

Barnes & Noble is a company that was founded and owned by actual booksellers. To this date, they are the nation 's largest bookseller and employ more than 50,000 booksellers in the 800 stores around the nation. Leonard Riggio is the founder and chairman with a vision that bookstores could be the place where people could be and become (www.barnesandnoble.com). In this paper I will look at Barnes & Noble 's vision, goals and objectives as well as their strategic plan and will give a SWOT analysis of the company.

Barnes & Noble 's mission, vision and values include not only the customers but also the authors, booksellers, shareholders and the communities they reach. For the customer they will strive to offer a special experience each time they come
…show more content…
For the booksellers they create and maintain a fair, professional and diverse workplace with friendly and supportive stores and offices.

The management team is committed to a strategy of growing the company to build the most value for the shareholders over time. Barnes and Noble considers the community to be their friends and family and will strive to give back to them through events, educational activities and programs to books back in the hands of disadvantaged children.

I really do not have any recommendations on their strategic planning as I find it to be pretty solid. They are committed to building stockholder value by addressing today 's fast paced economy. This process includes regular senior management meetings where they set short and long-term initiatives as well as extensive planning and development of annual operating and capital expense budgets (www.barnesandnoble.com). Their strategic plan also involves input from all levels of company management through periodic meetings and electronic

You May Also Find These Documents Helpful

  • Better Essays

    One of the most popular leisure activities in the world is reading. The reading industry is a multi-billion dollar industry, and Barnes & Noble is no small player. Primarily a retail business, New York-based Barnes & Noble has cemented themselves as a pillar of strength in the industry by operating over 1300 retail stores in the United States. More recently, they have entered the technology field as the reading industry moved more towards digital media. Currently, Barnes & Noble provides retail services on over 600 college campuses, and operates one of the world’s largest e-commerce web sites. With their entry into digital media, Barnes & Noble has expanded its profitability by selling digital e-books to its customers, as well as traditional paperback, hard cover, textbooks, reference, fiction, and all other types of print media. Barnes & Noble remains one of the literary industry’s top firms, and looks to continue this performance long into the digital age.…

    • 1656 Words
    • 7 Pages
    Better Essays
  • Better Essays

    Beginning in 1994, the widely popular Amazon was just a small, unknown online bookstore. Although you wouldn’t have known it back then, but Amazon soon became the business model for online retailing (Kroenke 29). But books weren’t…

    • 1735 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    - Yes, there are indicators of United Booksellers’ service culture. The main one is that all the employees receive extensive customer service training before being allowed to interact with customers. This is important for the company because they have a reputation to uphold. They want their customers treat the right way all the time so they take further action to have the customer’s satisfaction.…

    • 277 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    In the US, more than 50, 000 new titles are published every year. However, people read both old and new releases. When considering traditional bookstalls, it is important to take into consideration the publishers, wholesalers and the retailers. One of the most popular publishers in the US is Simon & Schuster (which hold a 11 % share of the market). In recent years, many of the small publishers have been taken over by the larger ones as they were facing loses and it was increasingly becoming difficult to maintain relationships with writers and retailers. In the traditional system of book vending, the publishers for bulk purchasers offer huge amounts of discounts to retailers and wholesalers. Retailers are offered a discount of about 55 %, whereas wholesalers are offered a margin slightly above that. However, there has been a lot of controversy in this regard, due to apparent favoritism. Hence, many of tee publishers are now made to sign agreements with the retailers and the wholesalers, regarding the amount of discounts that could be offered. In the traditional system, the retailers and the wholesalers can return books to the publisher and they would get a full…

    • 3569 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    After researching and reading the 2009 and 1997 Annual Reports, it was determined, that in order to achieve this recognition, they needed to acquire the United Kingdom and German online booksellers. By these acquisitions, they increased book sales in the European markets. They have also formed the following strategic partnerships: 1) with AOL (to become the exclusive book retailer for the public website). 2) Borders (another book retailer with an online presence, to manage their web operations) and 3) with record labels, movie studios, and publishers to provide consumers the ability to download music, movies and books to electronic devices and Amazon’s Kindle.…

    • 1370 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Amazon.com and Borders Books are two companies who had very different outcomes after years of business. One is still successful, even today, while the other is no longer open. One changed with the times, developing new technologies and new strategies that suited the ever changing trends of society. The other did not realize how crucial change is to the business world until much too late. Although these companies had very different outcomes, the roads they began their journeys on were similar in some ways. Both focused on products popular to a wide variety of people, and both had years where business was good. Choices made over the years, good and bad, contributed where both companies ended up in the present. Choices, especially in the business world, can make or break a company, and these two similar companies are good examples of this fact.…

    • 1151 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Barnes & Noble is a chain of bookstores that carries thousands of titles. They also offer the largest in-stock selection of in-print book titles for fast, easy, secure ordering and delivery on the internet. To reduce plant cost they lease their buildings, rather than own them. Barnes & Noble OMM has developed an IT system. This IT system is the flexible production that allows mass production at a lower cost. They continually upgrade its storefront to create a better shopping experience for its customers. They also adopted new methods to allow it to control the way it stocks, and ships the thousands of their products it currently is selling. They use its materials management expertise to keep the books, CDs, and electronics in inventory that most appeal to customers. They take advantage of the vast warehouses to store products. They offer fast and free delivery when you order $25 or more of eligible items to cut delivery costs. They rely on how quickly it can ship its books and other products to customers. To further speed up delivery, they outsource by using UPS. The growth of the Internet has been a major source of revenue for…

    • 994 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Hall, W., & Gupta, A. (2010). Barnes & Noble, Inc.: Maintaining a competitive edge in an…

    • 7732 Words
    • 31 Pages
    Good Essays
  • Good Essays

    Barnes and Noble

    • 1030 Words
    • 5 Pages

    Barnes & Noble does business -- big business -- by the book. As the #1 bookseller in the US, it operates about 650 superstores throughout 49 states and the District of Columbia under the banners Barnes & Noble, Bookstop, and Bookstar, as well as about 200 mall stores using the names B. Dalton, Doubleday, and Scribner's. The company's GameStop subsidiary is the #1 US video game retailer with about 1,500 stores under the names Babbage's Etc., GameStop, and FuncoLand. Barnes & Noble owned about 75% of online book seller barnesandnoble.com after purchasing Bertelsmann's interest in 2003; Barnes & Noble then purchased all remaining shares and took the company private in May 2004.…

    • 1030 Words
    • 5 Pages
    Good Essays
  • Better Essays

    The company operates 658 retail stores (as of August 2, 2014[update]) in all 50 U.S. states in addition to 705 college bookstores that serve over 5 million students and more than 250,000 faculty members across the country. Barnes & Noble also operates BN.com. In a move to stay on top of their competitors, Barnes and Noble have teamed up with Samsung to invent a new product called a Samsung Galaxy Tablet for Nook. This will further Barnes and Noble’s goal to be the leading vendor combining technology with reading…

    • 1089 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Barnes and Noble, which is America’s largest retail bookseller, is losing its pace in the book business. Its market share is declining from past couple of years with huge amount of lose. Majority of its business and marketing efforts are falling short to recover its constantly slowing down pace.…

    • 160 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    In 1994, Jeff Bezos was a 30-year-old hedge fund analyst with a degree in computer science and electrical engineering from Princeton University. It was at this time Bezos decided to put his business plan in play. Jeff pulled up a file that had the business model he intended to use, which had been write in early that year in the passenger seat of a 1988 Chevy Blazer (A Retail Revolution Turns 10, 2005). Amazon.com opened its virtual doors on the World Wide Web in July 1995 and offers Earth’s Biggest Selection. The company seeks to be Earth’s most customer-centric company. Amazon.com is now a digital strip mall branching beyond books into music, DVDs, electronics and toys (Penenberg, 2000). Many people wonder how Amazon became on of the few dot-com companies to survive the dot-com bubble burst that took effect during 1997-2000. One of the best ways to evaluate Amazon’s performance is to complete a thorough review of its financial statement, pro forma financial statements, ratio analysis, return on equity, its calculated economic value added projects, and its financial policies.…

    • 2357 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    The following is a survey conducted for Nook Owners’ age distribution from 111 Nook owners…

    • 1689 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Business Research Methods

    • 836 Words
    • 4 Pages

    Electronic books are becoming more popular because it offers portability, flexibility, larger capacity, and affordability. Barnes and Noble recognize the need to evaluate this change and therefore conduct a business research to determine the best approach to modify the business strategy. The learning team will determine an appropriate business research method to conduct a survey. The survey will be a series of questions from this organizational dilemma to this problem. Defining the problem will assist in determining an appropriate research design that will include characteristics, such as independent and dependent variables, and operational definitions. Additionally, the research will provide a sample design to use for collecting data.…

    • 836 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The Mission – Vision of National Bookstore holds a strong focus on itscustomers that is to serve all their customers with tools that enrich their mindsand improve skills to ensure their success. The company is committed in…

    • 1475 Words
    • 6 Pages
    Good Essays