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What's a brief explanation of the findings and implications of the data identified in the IFE below for Dick's Sporting Goods? Strengths Weight Rating Weighted

What's a brief explanation of the findings and implications of the data identified in the IFE below for Dick's Sporting Goods?

Strengths

Weight

Rating

Weighted Score

1

Holds a significant 30.8% of market share in the Licensed Sports Apparel Stores industry based on revenues- 30.8% (IBIS, 2022)

0.10

4

0.40

2

Owns & operates 20 different brands such as Golf Galaxy, Calia, Field & Stream, and Public Lands

0.04

3

0.12

3

Partnership with Nike in DSG mobile app, giving athletes access to exclusive product, experiences and content. (Annual Report, 2021).

0.02

3

0.06

4

Strong omni-channel platform & fulfillment capabilities utilizing in-store experience knowledgeable staff to drive sales (Annual Report, 2021).

0.10

4

0.40

5

High level of customer satisfaction - scored 38 on NPS and with 73% of customers stating they are loyal customers of the company. (Comparably, 2022).

0.06

3

0.18

6

Good returns on capital expenditures - 19.5% in last 12 months for an increase of 3.4% above the average returns. This is a measure on the firms ability to create value for all its stakeholders. (Finbox, 2022).

0.03

3

0.09

7

Accomplishment qualifies for inclusion in the Fortune 500 - has over seven hundred locations

0.02

2

0.04

8

Workplace diversity

0.06

3

0.18

9

The horizontal and/or vertical integration can increase the control over whole value chain

0.05

3

0.15

10

Competent and committed human capital can act as a powerful source of competitive advantage

0.04

2

0.08

Weaknesses

Weight

Rating

Weighted Score

1

Lower profit and revenue growth than competitors (IBIS, 2020).

0.05

2

0.10

2

Heavily reliant on sales from Nike and Under Armour who account for 32% of net sales. (David et al., 2020).

0.09

4

0.36

3

Lower number of storefronts in the Western United States (ScrapeHero, 2022).

0.04

3

0.12

4

Fewer fishing & hunting lines compared to competitors (David et al., 2020).

0.02

2

0.04

5

Poor financial management and a lack of cash management may be costly.

0.04

3

0.12

6

Need more investment in new technologies

0.03

3

0.09

7

Investment in R&D lags behind industry leaders.

0.05

3

0.15

8

High cost of replacing existing experts

0.03

3

0.09

9

High rate of staff turnover at the lowest levels.

0.10

4

0.40

10

Poor project management practices

0.03

3

0.09

Total IFE Score

1.00

3.26

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