Question
Use the online sources listed in Table 3-7 located in Chapter 3 of the David text to assist you with your analysis and calculations. Be
Use the online sources listed in Table 3-7 located in Chapter 3 of the David text to assist you with your analysis and calculations. Be sure not to include strategies as opportunities; but do include as many monetary amounts, percentages, numbers, and ratios as possible.
EFE Matrix | |||||
1 | Check to make sure your text is not cut off in the matrix. Double click (or drag) between the Cell Numbers. | ||||
2 | To transfer into Word or Power Point, highlight the matrix, then paste special as "picture" | ||||
Opportunities | Weight | Rating | Weighted Score | ||
1 | Grow vertical brands as they are the 2nd largest brand category, yet only account for 14% of net sales (Annual Report, 2021). | 0.00 | 0 | 0 | |
2 | Invest in in-store technologies such as enhanced personal shopping through mobile app in-store, real-time demonstrations, and virtual reality simulations to strengthen omni-channel experience | 0.00 | 0 | 0 | |
3 | New environmental regulations and consumer preferences - provides opportunity to capitalize on investments in new technology to tap into a growing market of eco-friendly customers (Emmert, 2021). | 0.00 | 0 | 0 | |
4 | Growing sports participation post-covid (IBIS, 2022). | 0.00 | 0 | 0 | |
5 | Higher demand for fitness equipment and home-gym setups (IBIS, 2022). | 0.00 | 0 | 0 | |
6 | Growing market of retired adults who are increasingly interested in staying active (Jenkin et al., 2017). | 0.00 | 0 | 0 | |
7 | New market segments and niches provide chances to expand company and product lines. | 0.00 | 0 | 0 | |
8 | Diminishing borders and expanding global interconnection enable the company to enter the worldwide market, target geographically dispersed customers, and boost profitability. | 0.00 | 0 | 0 | |
9 | Government subsidies and favorable policies. | 0.00 | 0 | 0 | |
10 | 459 adverts a day in the company's external environment. | 0.00 | 0 | 0 | |
Threats | Weight | Rating | Weighted Score | ||
1 | U.S. Gun control regulations threatening revenues from guns in their hardlines, which accounted for revenues over $5 million in fiscal year 2021. (Annual Report, 2021). | 0.00 | 0 | 0.00 | |
2 | Decline of traditional brick-and-mortar stores due to cost advantages of online competitors (Forbes, 2021). | 0.00 | 0 | 0.00 | |
3 | Social media, smartphones, & video games threaten the need for DSG products & services. by curbing physical activity (Kolhar et al., 2021). | 0.00 | 0 | 0.00 | |
4 | New corporate tax laws under Biden Administration - minimum 15% global tax on large corporations with the potential for much higher taxes being paid on net revenues. (Rappeport, 2022). | 0.00 | 0 | 0.00 | |
5 | External environment is an excessive number of retailers selling athletic goods; not enough clients. | 0.00 | 0 | 0.00 | |
6 | External environment is internet commerce. May indicate that customers are shopping elsewhere | 0.00 | 0 | 0.00 | |
7 | A high personnel turnover rate and a rising reliance on new solutions | 0.00 | 0 | 0.00 | |
8 | Alterations to the regulatory structure, as well as the adoption of additional, more stringent rules | 0.00 | 0 | 0.00 | |
9 | Different nations' liability rules may be vulnerable to liability claims due to policy changes. | 0.00 | 0 | 0.00 | |
10 | Poor economic circumstances harm performance when they affect client buying. | 0.00 | 0 | 0.00 | |
Total EFE Score | 0.00 | 0.00 | |||
What would be the scores? What's the findings and implications of the data identified in the EFE for Dick's Sporting Goods? See the Sample Strategic Plan for Colgate-Palmolive (2019) as an example. (https://www.strategyclub.com/wp-content/uploads/2020/11/SandersonFarms.Sample.Project.pdf)
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