...………………………………………….. 11 Conclusions and overall recommendations ………………………………………………………….….…………… 12 Summary of project ……………………………………………………………………………………………….….…………. 15 References …………………………………………………………………………………………………………….….…………. 16 Abstract This paper analyzes the advantages of Troy’s Sporting Goods implementing a technology based growth strategy through the utilization of an e-commerce website versus continuing solely through a brick and mortar approach. Currently, Troy’s competes against other well-known sporting goods companies for market share who already have a strong e-commerce presence. An evaluation of cost, resource utilization, customer base, and customer experience are compared, while also considering the primary necessities for the successful implementation of a business to customer (B2C) website, including: (1) Hosting and installation; (2) performance; (3) support/community; (4) content management; (5) add-on modules; and (6) Functional features, such as: • Payments; • Shipping; • Tax; • Affiliate Tracking; • Inventory Management; • Shopping Cart; • Point of Sale; • Subscriptions; and • Wishlist Brief Company Background Troy’s Sporting Goods Corporation, is a $56 million dollar, privately held...
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...three like sportswear companies—Columbia Sportswear Company, Dick’s Sporting Goods and Big 5 Sporting Goods, Corporation. The analysis is conducted by leveraging three kinds of financial statistics used to spot issues in companies’ financial information—common size analysis and ratio analysis. The following is a synopsis of the three companies and their financial comparison. It will provide financial data that managers use to keep alert of anything that should be reporting to there top director of the company. Executive Summary The FINC 5880 course is charged to do a financial comparison of three for profit organizations that are publicly traded. Yahoo Finance will be used to retrieve the latest financial for the three companies. This study will compare and contrast the companies by providing background information. Financial statements provide businesses with the basic tools for determining how well their operations perform at all times. Many entrepreneurs do not appreciate that financial statements have a value that goes further than their use as supporting documents to loan applications and tax returns (Gitman, 2006). These statements are concise reports designed to summarize financial activities for specific periods. Owners and managers can use financial statement analysis to assess the past and current financial condition of their business, detect any existing financial problems, and forecast future trends in the company's financial position (Hanson, Heitger, Jones...
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...For more than 80 years, Adidas has been a top tier brand contender in the world of sports apparel, consistently innovating and delivering best in class footwear, clothing and accessories. At year end 2002, Adidas was the ‘number two’ sporting goods company in the world, with more than 100 million pairs of sport shoes and 170 million textile pieces sold annually. Thanks to a refocused business structure headed up by Herbert Hainer, Adidas became part of the Adidas-Salomon AG global sporting goods group, with a strong growth profile and a clear strategic vision to be ‘the world leader in the sports market’. To achieve this mission, Adidas builds on a set of distinctive core competencies and values which differentiate it from competitors. With a strong brand built on a heritage of innovation in sporting goods technologies and association with iconic succesful athletes, Adidas ‘designs products and technologies and creates designs that help all people to experience and share sporting sensations’. Adidas is positioned as ‘the brand for sports performance, whether for competitive or lifestyle purposes’, with a recognised brand slogan of ‘Forever Sport’. To deliver the corporate strategic objective, Adidas requires immediate focus and additional investment to leverage its position in the European football market. Adidas should develop increased presence and share in targeted segments of this market over the next few years to create a growth platform leading into the 2006 World Cup...
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...RESEARCH QUESTION: Analyze a partnership between two (max. three) named organizations that focuses on a social inclusion issue using a sports initiative Abstract: “Positive Futures is a joint partnership project between Sport England, the youth justice board and the UK Anti-Drugs Coordination Unit. The aim of the initiative is to use sport to reduce anti-social behavior, crime and drug use among 10-16 year olds within local neighborhoods” (Sport England Positive Futures, 2002, p.1). The aim of the essay is to analyze the joint partnership between the three organizations and how they work together to tackle social inclusion issues using a sports initiative. The essay will also give you a detailed analysis of the aims and objectives of the individual organizations and also for their joint Partnership. “Sport England’s main initiative goal is to find out why do some people play sport, and why do some simply not want to join in. The main aim of Sport England is to promote the interests of sport at various levels such as regional, sub- regional and local levels” (Sport England, 2011). Sport England wants the people to succeed in their respective sport and they create opportunities for them starting right from the grassroots levels. They work in partnerships with UK sport (elite level sports) and youth sport trust (school level sport). “The Youth Justice Board for England and Wales (YJB) is an executive non-departmental public body. The Secretary of State for Justice appoints...
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...Introduction: In researching an industry for this assignment I chose the sporting goods industry that is a major industry with over $3 billion in sales per year. Within that industry I chose a company that I am familiar with “The Adidas Group.” The Adidas group is a publically traded company in Europe and with globalization it has increased its shares in the market. Adidas being traded on the European market is what we call an overnight stock. These stocks are traded at night here in the United States and open after the New York Stock Exchange closes at 4:00 PM eastern time. I will choose two segments of the general environment business factors that I feel influence this company and the industry to assess how they affect both Adidas Group and the Sporting Goods Industry. In addition I will use the five (5) forces of competition and evaluate which two of the processes are the most significant to the corporation by evaluating how Adidas has addressed them in the recent past. I will further use the two forces to predict what the Adidas Group might do to improve their corporation by addressing these forces in future endeavors. By choosing this corporation I will identify the external threats that affect them in the industry as well as the opportunities available. By doing this I will attempt to give my opinion on the corporation’s greatest threat and opportunity to identify some of their strengths and weaknesses for future growth potential. Identifying the firm’s resources, capabilities...
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...Intellectual Property and Trade Secrets Some of the Intellectual Properties that KAMB Sporting Goods will feature are an E-Bay Website application, Sporting Goods website, sports information section and a Motion-Sensor Software. The motion-sensor software is software created to improve movements of athletes. This particular software is used for football, baseball and golf. Some of the professional leagues of these particular sports along with collegiate sports also use this particular equipment. The software is combination of motion sensors and computer movements combined into one. The website will mirror the image and branding elements showcased in the retail store. The main keys to the website are to provide a resources area, offering articles, research product information, and website links of interest to its customers. We will advertise the web address in local magazine ads, newspapers, radio, TV, etc… Financial Information KAMB Sporting Goods store will regularly monitor all financial statements; they will also have a direct correlation to the health of our business and store. We have forecasted into the future with a steady, but moderate growth rate where sales will grow by 2% every month and 24% every year. All sales will be in cash or credit card, which will lead to positive cash flow. Profits will be reinstated into the business in hopes of future product & expansions. Key assumptions: Growth rate: 2% per month, Daily sales: 6 shoes per day at avg $70,...
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...international association of athletics Federation, and will evaluate the practice that this sporting organisation carries out. The best practice in other organisations will be compared to the IAAF and will make recommendations for the future from other organisations in order for this company to improve. The IAAF have faced challenging, governing and integrity issues since the end of 2014, throughout 2015, and now even into 2016. Decades of doping scandals and conspiracy charges have been made public and the IAAF have a lot to answer to in order for operations to return back to normal. The article in which I will be evaluating is titled; Athletics Doping Scandal: Blood experts criticise IAAF Claims. It was published on the 28th November 2015, and gives an insight into the corruption of the IAAF and if misconduct is taking place over the world; it can be accessed via http://www.bbc.co.uk/sport/athletics/34953362 Governance in a sporting Organisation Governance plays a key role in all sporting organisations, it promotes ethical principles of conduct and helps to allow companies to work in regulations of the correct code of practice. International sporting organisations and leaders see governance as somewhat a critical challenge, this is because of the increasing repetition of corruption, match fixing, and doping. A Sporting organisation depends on good governance, this is to make the sporting activity more enjoyable for participants and to also prevent cheating and modified results...
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...independent sporting goods store owned by Bob “Rocky” Rhodes; his business is in the retail sporting goods industry. The store is located in the south part of a small town which is just outside the Greater Toronto Area. The town has been growing rapidly for the last few years and the area around the store has become a prosperous neighbourhood, making their location a busy commercial area. The Sports Guy store sells sports related clothing and equipment. About 70% of their sales consist of equipment and uniforms bought by local teams, and 30% of sales consist of regular (walk-in) retail trade. The store’s sales have increased over the years however; have not been growing much in recent years. In the last few years the sales to teams have mostly covered the business’ costs, while the “walk-in” trade has provided most of the profits. Many times Rocky has been left with out-of-season stock that had to be sold off at a loss. Rocky is concerned about the declining inventory turnover rate that is causing an increase in his short-term debt and interest expenses. Problem Statement Rocky wants his business to grow with the town, but to do so will require access to bank credit to finance higher inventories and future expansion. He will have to improve The Sports Guy’s profitability. How will Rocky improve the financial performance of his business when their net profit (after tax) has decreased over the years? Situational Analysis The Sports Guy is in the retail sporting goods industry;...
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...WEEK 2 CHAPTER 5 DISCUSSION QUESTION 10 What is the advantage of using a composite of indicators (such as the 10 leading indicators) over simply using an individual indicator? A composite indicator is an aggregated index comprising individual performance indicators. “It is a useful tool for conveying summary performance information and signaling policy priorities and are used widely in health care and other sectors, nationally and internationally.” (Jacobs, Smith, & Goddard, 2004) Some of the advantages of using a composite of indicators over an individual indicator includes; help in identifying divisions, departments or areas which are lacking in performance, helps in a more precise future forecasting of events, helps in developing a more effective approach and also helps better comparability and understanding. DISCUSSION QUESTION 12 Comment on whether each of the following three industries is sensitive to the business cycle. If it is sensitive, does it do better in a boom period or a recession? a. Automobiles- b. Pharmaceuticals c. Housing a) Automobiles (yes) are sensitive because it all depends on the type of product and the demand for it. There tend to be huge sales at the end of the year to attract business; for instance during a recession there is little to no demand for automobiles even with major discounts. b) Pharmaceuticals (no) are not sensitive because the demand and supply does not change it stays constant even through a recession and price changes. ...
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...Entertainment Group (AEG) is a leading sport and entertainment group that boasts the world’s largest collection sports team and sporting facilities. AEG owns and controls numerous sporting facilities in the United States with such arenas as the Staples Center in Los Angeles, Prudential Center in Newark and the America Airlines Arena in Miami under its control. AEG developed and operates the Home Depot Centre in Carson Los Angeles “it is the official U.S Olympic training site that features elite facilities for soccer, tennis, track and field, track cycling, boxing, lacrosse, rugby, football and other sport. The Home Depot Center also hosts concerts and family shows and is the home of the Major League Soccer’s Los Angeles Galaxy and Chivas USA” (Anschutz Entertainment Group, 2012). It is also the national training center for both the Men and Women national soccer teams. AEG also controls many facilities worldwide, in Europe in controls the O2 area in London and the O2 World arena in Berlin, The Hamburg Arena in Hamburg, the Ahoy arena in Rotterdam and the Globe Arena in Stockholm. In Asia it controls the Wukesong Arena in Beijing and the Qatar National Convention Center in Doha. AEG also controls Acer Arena in Sydney Australia. AEG owns a share in an impressive number of sports teams around the world and has a firm grip some of the largest sporting franchises and various sports. AEG part owns the Los Angeles Galaxy, Houston Dynamo’s Major League soccer teams and the Hammarby...
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...Ruback Sporting Emporium Austyn Ruback Professor Frost Aurora University My main career plan after graduation is to become an owner of a very unique company that excels in making sports equipment more affordable and easier to trust. I want to open a brand new type of sporting goods store where you are able to test out all equipment you potentially want--before you purchase it. This is going to change the face of sporting goods purchasing forever. My plan borrows the best ideas of current leaders in the marketplace, but comes with out of the box ideas that capitalize on their weaknesses. Some of my ideas will be implemented immediately, while others will take time to develop as I build the business brick by brick. Looking at the big picture, it will pay off greatly because I know that the pieces will be able to be put together. It is a long process but it is all doable as long as I am motivated and have the right people around me to get this mega Sporting Goods store open for business. The first step of this process is to write a business plan that identifies my target market, develop the unique qualities of my business and ultimately convince investors to believe in my vision to change the landscape of this growing retail category forever. According to IBIS World’s market research the Sporting Goods industry in the United States has seen 3% annual growth for the last 5 years and in 2013 was a nearly $64 Billion market, with about two-thirds of those products being...
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...Marketing Plan: Final Paper Marketing_MKT421 February 28, 2011 Mr. Guisinger Phase One of Team D Sporting Goods marketing strategy was an overview of Team D Sporting Goods store as well as a description of our products and services. Along with the strengths, weaknesses, opportunities, threats, and trends (SWOTT) the importance of marketing to the success of Team D Sporting Goods store will be stated. Furthermore the marketing research approach we have chosen to develop our marketing strategy and tactics for Team D Sporting Goods will be addressed in detail. Phase Two discussed the strategy in target marketing the segmentation criteria, the description of organizational buyers and consumers of the product or service and it’s factors, and analyzing the competitors and definition of competitive landscape for the company’s product and services. In the third phase of Team D Sporting Goods marketing strategy will expand our marketing strategy by describing the attributes of our service and products, as well as the pace at which our product will move through the product life cycle. Team D Sporting Goods identified the positioning and differentiation strategies for our services and products along with the appropriate price strategy that should be used for our products. Finally, Team D Sporting Goods has completed the marketing plan. This paper is to compile all elements of the marketing strategy with finalizing key concepts. The appropriate place and promotional strategy...
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...Impact of mega-sporting events 1 The impact of international mega-sporting events oh host cities Regina Glazman 20151794 ARW2 for law students KIMEP regina.glazman@kimep.kz Impact of mega-sporting events 2 Abstract While a mega-sport event is scheduled at least once every year somewhere in the world, these events are rare occurrences for the host cities and countries. The benefits of such events seem lucrative; the very fact that many countries bid to host these events suggests that the benefits – be they tangible or intangible – more often than not outweigh the costs. However, some experts claim that it is almost impossible to achieve goal and provide a successful result. Therefore, the research question is : Do cities benefit from international mega-sporting events or it is just "showing-off"? When a city or nation is awarded the privilege of hosting a mega event, they are almost always required to enhance or develop their infrastructure. The developments which are created from these events are known as legacies. However, these legacies have a great risk to become "white elephants" ( Barclay, 2009,p.3). Thereupon, my research project was directed to understand do facilities in Almaty which were built for 2011 Asian Winter Games are used today and provide help for national athletes and the city. Result showed they do, but not without problems. However, legacies can come in many forms such as economic, tourism or sporting. Consequently, summarizing everything...
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...Sports Authority MGMT 430 Professor Finger Steven Velarde December 2, 2015 Table of Contents Executive Summary……………………………………………………………………………………………………………….Pg. 3 Problem.…………………………………………………………………………………………………………………….………….Pg. 4 Background………………………………………………………………………………………………….……………………….Pg. 5 Discussion of Findings……………………………………………………………………………..……………………………Pg. 6-7 Conclusion and Recommendations………………………………………………………………………………………Pg. 8 References…………………………………………………………………………………………………………………………..Pg. 9 Executive Summary Sports Authority is one of the largest sporting goods retailer in the United States and in certain of the world. The store is well known for supplying sporting apparel, sports equipment, footwear, and exercise equipment. The important key people for this company is CEO Michael Foss and CFO Thomas Hendrickson. Over the past decade, the retail store has been successful with their sales at the beginning and being able to sponsor a lot of programs and organizations. The problem they have now is their sales and revenue lack increasing (Sports Authority 2015). This research will focus on the following questions: * How does the alliances with outside vendors contribute to the decision of closing? * Why did the company lack making some changes over the years knowing their sales were decreasing? * How can Sports Authority negotiate with their partners to avoid closure? Resolutions the company needs to focus on, are the contact...
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...first session of information collected as the participant was given reinforcement in the form of a $5 Dick’s Sporting Goods gift card every time she increased her distance 0.2 miles. The...
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