Develop a competitive profile matrix

Assignment Help Management Theories

Reference no: EM133212805

Part 1: External Factor Evaluation (EFE) Matrix

External Factor Evaluation Matrix for Dick's Sporting Goods by completing the following steps:

Step 1: See Chapter 3 of the David text to learn how to complete an EFE Matrix.

Step 2: Open your Strategic-Planning Template you started in Topic 1. Click on the EFE tab at the bottom of the template.

Step 3: The matrix using the external opportunities and threats you identified in the Topic 1 assignment. Ensure the factors you include are actionable, quantitative, comparative, and specific.

Step 4: Use the online sources listed in Table 3-7 in Chapter 3 of the David text to assist you with your analysis and calculations. Be sure not to include strategies as opportunities; have as many monetary amounts, percentages, numbers, and ratios as possible.

Step 5: A brief explanation of the findings and implications of the data identified in the EFE Matrix. See the Sample Strategic Plan for Colgate-Palmolive (2019) as an example.

Part 2: Competitive Profile Matrix (CPM)

Develop a Competitive Profile Matrix for Dick's Sporting Goods. Complete the following steps.

Step 1: Refer to Chapter 3 of the David text to learn how to complete a CPM Matrix.

Step 2: Open your Strategic-Planning Template. Click on the CPM tab at the bottom of the template.

Step 3: Refer to the information provided for the team's project case you initially reviewed at the beginning of the Topic 1 assignment and check section one on competitors. Furthermore, view online resources that compare the company with its primary competitor or, if possible, two closest competitors. You should also use the sources listed in Tables 3-7.

Step 4: What's a CPM that includes the team's company and two primary competitors.

Step 5: A brief explanation of the findings and implications of the data identified in the CPM. See the Sample Strategic Plan for Colgate-Palmolive (2019) as an example.

Reference no: EM133212805

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