Question
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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