GameStop Organization
Question
Please complete the following sections: Operations, development, management, summary of financials and offering


Solution
Business Plan: GameStop Organization
Operations
GameStop is an American is an
American-based company which deals with video game gaming merchandise and
consumer electronics. It is based in Grapevine, Texas and is one of the world's
largest video game retailers. Basically, the company deals with new and
pre-owned video game platforms. Therefore, for GameStop to achieve its investment
returns, there's a need for an operational strategy. Operation strategy plays a
significant role in making sure the company has long-term planning on customer
services and business strategies. Also, with operation strategy, the company
can come up with actual plans that will make sure it achieves its business
goals.
Given that GameStop wants to reach a
comprehensive customer, the company needs to have a transformational strategy to
help attract more customers. It is evident that either the company creates
tangible products or provides services. Therefore, it has to revolve around how
it produces and measures performance. Like other business operations, the
company is vital to the GameStop organization because it helps the company
develop market strategy and finance.
Basically, operation strategy helps develop
market strategy, which will help realize the business goal and focus on action
to reach the right customers. For instance, GameStop is an omnichannel video
game retailer which merchandise value video games hardware and software products
around the globe. Moreover, the company operation is spread across Canada,
Australia, the US and Europe. Due to the wide market that the organization has
embraced, it is good for it to a market goal that will identify the company's
business goals. Business goals have to include increasing the awareness of the
company products to the market and reaching new customers in the market. For
GameStop to outshine its competitors such as Amazon, Best Buy and Carrefour, it
has to embrace the SMART method as that will make the company. With specific
stated goals the GameStop will achieve its market value. Moreover, given that
my company wants to remain profitable in the market, it has to develop a
profile of our competitors. This will include identifying their supply chain,
marketing tactics, and pricing that will enable GameStop to improve its
performance in terms of returns investment.
Development
In any business development, strategy
is vital as it helps boost the company's success. The successful exploitation of
new ideas is crucial to the company as it helps improve its processes and
improve its products and services to market. The new ideas to business always
enhance the profitability of the company, something that leads to a positive
outcome on the returns on investment. The current world has become more
competitive thus, there's a need for the company such as GameStop to access new
technologies so that to develop new ideas that will enable the company to be
innovative, thus developing the new idea that will help the company to remain
competitive advantage in the market like its competitors. However, for the
company's development product to be significant, there's a need to approach the
market innovatively. For instance, before introducing the new product, GameStop
has to analyze the market to understand if the new product you are developing
can add value to the customer segment. In addition, given that GameStop
operates in different markets, it is significant for the organization to
identify opportunities for innovation as that will make the company introduce
new technology and practices at the workplace. For instance, before coming up
with the new idea, the company has to relook the competitor's product's
reputation to revamp innovation to a particular quality of your merchandise. Moreover,
funding the development of the new product is significant; thus, GameStop needs
to look at the risks of coming up with new products by finding a significant
way of doing it so as not to register losses. The cost of funding new ideas
within the company and observing a return on investment is vital because the current
technological world is ever-changing. Therefore, there's a need for my company
to be keen when developing new ideas.
Management
Like other factors, management plays
a significant role in the company's growth. For instance, in GameStop, the company
Board of Directors has the mandate of setting standards for the organization's
directors, employees and other officers. In addition, BOD has the mandate to
serve as a prudent fiduciary and oversee management. Therefore, from the
company information, it is evident that the company is well-structured to meet
the customer's needs in the market. In addition, the company has a more
qualified board of directors' factors contributing to its aggressive market
growth.
Moreover, given that the company's
main aim is always to register positive outcomes in the market, it is vital to
have management structured in the section; this will help reduce factors that
can hinder the growth of business in the market. This structure includes
company ownership, internal management, external management and human
resources. With such a structure, the company will be able to handle any
challenge they may face in a significant way, thus leading to the successful
growth of the company in terms of competition in the market and returns on
investment. In addition, the business has to include CEO, HR managers, and
other senior managers on their board. HR will play a vital factor for the
company as part of management; he needs to make sure that the company gets more
qualified and talented employees who will ensure the company achieves its goal
in the market.
Summary of financials
Finance is a significant factor in
the market. Like another corporate in the business industry, the GameStop's
main aim is to ensure that it has gotten vital returns on investment. Given
that GameStop's main reason for investing in the new product is to attract more
customers. The company needs to consider its expenses to account for the cost
of productivity, cost of goods sold, payrolls, insurance and advertising. For
instance, the company invests $400000 in the development of the new products,
it will be good for it to analyze its business expenses to register a positive
outcome. Also, the company needs to have financial projections, funding requests,
and exit strategies to help account for the company's investment in the new
market.
Offering
Adding a new product to the market is
significant for any business. However, in this case, GameStop wants to offer
something that can return investment. Conclusion: there's a need to consider
different factors to ensure the company registers positive outcomes in terms of
profitability. If there's no significant growth, my company can decide to exit
the investment. Moreover, it is significant before the company accepts to offer
its new products to consider consumers' shopping behavior in their global
market. Also, as with shopping behavior, GameStop will reduce the likelihood of
being disappointed in the product that will positively affect the company.
Works Cited
GameStop.
Corporate Governance. n.d.
https://news.gamestop.com/corporate-governance. 02 Dec 2021.
Stiebel,
J. H. GameStop: Power to the Players?. Available at SSRN 3883295. (2021).
Zackariasson,
Peter, and Timothy L. Wilson. "Basics in the marketing of video games–The
nature of the offering, internal marketing of projects, and a product manager's
view of the overall process." NFF conference. Turku, Finland.
2010.



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