...Case outline Bob Rhodes, age 32, is well known in his local sports activity. Ten years ago, he started business called The Sports Guy and raised capital from obtaining a bank loan and an equity investment from friends and family. His family and friends own 40% of the business while he owns the rest. Mortgage help him purchasing land in small town outside of GTA that consists of two lots on a corner in which one is used to build a store, and another one was planned for the parking lot but never executed the plan because of the surrounding activities. Local sports team account for 70% of the sales whereas 30% comes from regular walk-in customers. Problem Statement & Objectives The major problem is reducing profitability of the business and there is no proper management of the inventory, which leads to sale of inventory at discount rate. Also labor wages are also too high and reducing creditability of business lead to reduce in the trust of the business and loss of the customer due to improper inventory management. The objective is to get access to bank credit to finance high Analysis the financial health of the business and recommend the various way to get the business right on track Situation Analysis Summary The company sell retail sports product to the sport team and children’s. Also there is around 30% of walk-in customer, who help the business to manage inventory. This might not be attractive industry because buyer’s and potential entrants have high power in...
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...Key Events / Case synopsis The Sports Guy is an independent sporting goods store located in a small town outside the greater Toronto Area. The store is owned by Bob (“Rocky”) Rhodes, age 32 who has for many years been a high-profile personality in the local sports community. Ten years ago, Rocky decided to go into the sporting goods business for himself. Family members and friends provided some equity capital and the new business was incorporated, with Rocky owning 60% of the shares and his family members and friends 40%. The land package that Rocky bought consisted of two lots on a corner, the store was built on one lot; the other remained vacant. After 2004, the town grew and the area around Rocky's store became built up into a quite prosperous neighborhood. Strip malls developed, and The Sports Guy is now located in a busy commercial area. Problem Statement and Objectives Problem Statement The sales growth of the store is relatively slow and at the same time the level of debt is rising so are the inventory, Rocky is not sure what to do and is looking for suggestions as to how he can improve the financial performance of the business. Objectives The main objective is to improve the financial performance of the business by increasing the amount of successful sales, which will lead to solid profits. The store also needs to implement more sophisticated purchasing techniques and a computerized inventory control system to increase the inventory turnover rate, thus reducing...
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...The Sports Guy Case Study Case Synopsis The case is about The Sports Guy which is an 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...
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...------------------------------------------------- The Sports guy Key Events / Case Synopsis The Sports Guy is an independent sporting goods store operating outside the GTA owned by Bob “Rocky” Rhodes who is a considerably high profile personality in the local sports community. He has been a star player on local teams his whole life and has always made it a priority to show support for all things related to his sports community. Most of The Sports Guy’s sales consist of equipment and uniforms to local teams. Around 70% of their sales are made up by purchases from hockey, baseball, football, soccer teams with the remaining 30% made up from walk-in retail trade. Rocky has problems with inventory management, low ratio of sales by walk in customers and his major source of sales for teams declining due to lack of registration in local teams. Despite being located in a prosperous neighborhood with little competition except a small, older Canadian tire that offers low prices but lacks in quality and customer service, The Sports Guy is having financial troubles. Problem Statement and Objectives The Sports Guy’s profitability has not been growing sufficiently enough to provide Rocky with the means to grow his company as the town develops. A lack of inventory system which affects his most profitable sales group: walk-ins has also increased his short term debt and interest expenses which all eat away at the already tight profit margins. Decline of popularity for kids’ leagues...
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...THE SPORTS GUY 1. CASE SYNOPSIS The Sports Guy is a small sporting goods store located in a small town in the Greater Toronto Area and owned by Bob Rhodes (“Rocky”). Ten years back Rocky decided to start his own sporting goods business, of which he owns 60% and family members and friends 40%. Rocky purchased a land in town, with his startup capital and mortgage loan. Nearly 70% of the sales consist of equipment and uniforms bought by the local teams and the other 30% is consisting of wide range of sports and recreational merchandise. Its main competitor in town is the Canadian Tire store and Sports Guy’s sales have not been growing much in the recent years. Rocky lacks the ability to manage his inventory and his declining inventory turnover is increasing his debt. Rocky wants his business to grow but to do so he needs to access bank credit to finance higher inventories and future expansions. 2. PROBLEM STATEMENT The main problem for Rocky is to improve Sports Guy’s profitability. 3. SITUATION ANALYSIS SWOT ANALYSIS: Strengths * Passion and knowledge about sports – it is a fairly attractive industry for Rocky because his expertise, passion and community involvement differentiate his business from his competitors * Growing company – growing rapidly for the last few years and the area around the store has become a prosperous neighborhood, making their location a busy commercial area * Very well advertised in the local community (TV channel, flyers, local...
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...Date: Wednesday February 06, 2013 Case Title: Case#1-Filmore’s Furniture Group Members: Mohammad Adeel, Jaimie Mejia, Shan Pasha, Satnam Saini and Manish Sharma. 1. Case Summary - Key Events - Issues a) Summary: During an early snowstorm in 1999 Mr.Phil Filmore died in a car accident, leaving his wife with all his shares. Mrs. Lucinda Filmore has to make an important decision on rather to sell or continue on with the furniture business, her husband has diligently worked hard on. She has not worked for 14 years leaving her job to take care of her two children. She has not been informed or been involved with her husband’s company. She does not believe she can manage it, having the decision to hire within the company or outsiders for a management position. But then again, she has the advice on perhaps just selling the business. With all the different suggestions and advice she feels more confused about this while situation. What should she do? b) Key Events: - 1983 Phil Filmore become sole proprietor of Filmores Furniture. -Invited five local professional people to become shareholders of the company. -Phil Filmore owned 63 percent of the shares and the five investors 31 percent. -1999 Phil Fimore dies in a car accident. c) Issues: Leaving 63 percent of the company's shares, to his wife, Lucinda. Phil's life insurance provided a disappointingly small amount of money for Mrs. Filmore. Since in 1999 the standard of living had change considerably it was lower...
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...My reason for thinking this is that unlike athletes in other sports who only have to prepare and take care of themselves and their equipment, a rodeo athlete has to ensure that himself, his equipment, and his horses are all in good working condition to be a true winner. Normally when a guy loses at a rodeo it is because he hasn’t spent the time in the practice pen that is needed for winning or his equipment failed him from lack of upkeep, but a true winner comes prepared for the day of battle and never loses but only gets beat from time to...
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...Dale Peterman Reading response 1 “Guys vs. Men” After reading this I would have to agree with him completely. I think that every scenario he used sounds like something I would do. And I am unfortunately 100% a guy. This was a very interesting article to read. One part that I thought was hilarious was the part when he was talking about running the 40 yard dash in the office and he challenged his co-worker. I can relate to this so much because I have a family full of athletes and we have been challenging each other for years in every category of sports. I want to say first off running a 5.77 is extremely slow at any age. But I can just imagine my family members (which are all guys) challenging me to a foot race and actually going outside and doing it. He said guys will take small challenges and that is extremely true. I and my family will argue about who is the best at video games because that just what guys do. But on the other hand I have a few uncles who would never waste their time to sit down and play a video game. Because that isn’t something that men usually do. He also mention that men are more serious than guys which is very true my uncle usually doesn’t talk but when he does he means business I would categorize my uncle as a man. But when he said that guys cheat I would have to disagree with him on that simply because I feel like I do all the things that he would consider a guys does but at the same time I have never cheated on...
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...Guide to Guys (1995), the introduction of which is included here. Despite its title, "Guys vs. Men" is not a comparative study of these two basic types of males. Men and manhood have been written about far too much already, says Barry. But guys and guyhood are neglected topics, and even though he "can't define exactly what it means to be a guy," Barry's essay lays out "certain guy characteristics" that distinguish his quarry from other warm-blooded animals in the field. This is a book about guys. It's not a book about men. There are already way too many books about men, and most of them are way too serious. Men itself is a serious word, not to mention manhood and manly. Such words make being male sound like a very important activity, as opposed to what it primarily consists of, namely, possessing a set of minor and frequently unreliable organs. But men tend to attach great significance to Manhood. This results in certain characteristically masculine, by which I mean stupid, behavioral patterns that can produce unfortunate results such as violent crime, war, spitting, and ice hockey. These things have given males a bad name. And the "Men's Movement," which is supposed to bring out the more positive aspects of Manliness, seems to be densely populated with loons and goobers. So I'm saying that there's another way to look at males: not as aggressive macho dominators; not as sensitive, liberated, hugging drummers; but as guys. And what, exactly, do I mean by "guys"? I don't...
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...GUYS VS. MEN DAVE BARRY Dave Barry (b. 1947) is a syndicated columnist for the Miami Herald, where he won a Pulitzer Prize for commentary in 1988. He is the author of twenty-three humor books, including Dave Barry's Complete Guide to Guys (1995), the introduction of which is included here. Despite its title, "Guys vs. Men" is not a comparative study of these two basic types of males. Men and manhood have been written about far too much already, says Barry. But guys and guyhood are neglected topics, and even though he "can't define exactly what it means to be a guy," Barry's essay lays out "certain guy characteristics" that distinguish his quarry from other warm-blooded animals in the field. ______________________________________________________________________________ This is a book about guys. It's not a book about men. There are already way too many books about men, and most of them are way too serious. Men itself is a serious word, not to mention manhood and manly. Such words make being male sound like a very important activity, as opposed to what it primarily consists of, namely, possessing a set of minor and frequently unreliable organs. But men tend to attach great significance to Manhood. This results in certain characteristically masculine, by which I mean stupid, behavioral patterns that can produce unfortunate results such as violent crime, war, spitting, and ice hockey. These things have given males a bad name. And the "Men's Movement," which is...
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...2016 Dave Barry's essay “Guys vs. Men” was about how “Men” has more negative qualities unlike “Guy” which shows that a guy can be indulge in stereotypical characterization. He mentions different mindsets between a male “Guy” and “Men”. He talks about how moral battles between women and men. How male “Men” introduced a new stupidity like war, violence, dangerous sports ect. He said that there this book is not about men and manhood, there are too many books already about men, that his book was what its like to be a guy. He states how guys tend to not have deep intimate conversations about their feelings. Also, how guys are simple creatures and not feel the need to live up to this higher expectation of what a man needs to be. His essay basically explained how a guys do things together and then upgrade just to follow the same pattern. “So i'm saying that there is another way to look at males: not as aggressive mach dominators; not sensitive, liberated, hugging drummers; but as guys”(915) I chose this quote because I felt that it was more of a thesis and that it drags the reader to keep reading. Passage #1: “When they are being just plain guys, 1.they aren't so much actively evil as they are lost”(Barry 907) Guys aren't so much actively evil as they are lost, when they are being just plain guys. When guys are being themselves they aren't evil but they are mostly confused as they come off to be. Passage #2 “[…] 1.guys who consider themselves to be...
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...One of the most eye-opening movies I have seen in a while is the 30:30 film by ESPN called Broke. In the movie Broke, former athletes from all of the major sports leagues are interviewed and give their real life stories on how things were when they were pro athletes and how it is harder than it seems to hold on to the millions of dollars that they make in their careers. I for one knew that many players went broke fast, but I honestly had no idea how they did that until this film. To be honest it always made me somewhat mad that all my favorite athletes were in the tabloids all the time because they let all that money gets away from them. Little did I know, outside influences were taking everything away from them. It is important to express my overall reaction and also talk about something that really shocked me. First of all, after the film ended I had an instant reaction and opinion on the film and it’s subjects. I really felt for the former players who were thrown into this world of big money, fast cars, and women. There were so many influences that affected the way they spent their cash. For example, these guys are thrown into this world as 18-21 year olds that many had never even cashed a check before. Before they even get that first check people are trying to take advantage of that, as agents and bad parents look out for their own interests. These agents take a big piece of the pie, and sometimes cycle money into personal investments without these young men knowing it....
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...Should playing competitive video games be considered a sport? Should video gaming become a sport? Many people may ask well, what is a sport? People say it’s an activity involving physical exertion and skill in which an individual or team competes against another or others for entertainment. Which means that you need to be physically active. A sport can also be a competition between two opponents. Is video gaming a sport? Yes but we call them Esports, where there’s an arena full of people waiting to see the battle between extreme gamers. In this day and time technology is being used everywhere all over the world. We have kids and adults who love the gaming system, they love it so much that they have their very own competitions such as Major League Gaming Tournaments. At these tournaments you’re witnessing talent and effort, but you’ll also see that eSports have fans and11.2 million viewers. Not only that but, when you’re at home playing the game you have the chance to compete or play with others all over the world? Their two types of sports physical and mental. For example basketball which is the physical sport and Chess which is not a sport but has to do with your...
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...Sports expectation is probably the highest out of all the categories and is mostly in cross country, hockey, and racquetball. This effects me in a good way because it makes me try harder. In cross county Coby, my coach, expects that I do the most miles on the team and at the fastest rate. He pusheds me to do better and made me a much better runner. The team would often do four miles for practice, he would expect me to do five miles, or sometimes more. This expectation is a good one because it helps me in every sport because all my sports require conditioning. Before my first race I hoped for around 20th place and I thought I would be really happy if I got around there. When I finished 6th it gave me confidence to try harder and become a better runner. When I finish practice I...
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...Caroline Passed a few months ago, she had been trying to fully die since she was 13. She was a girl who hated who she was and what she did. She was a fake, a cutter, a bulimic a hoe and infact, she was the preachers daughter. She was the girl who demanded attention from guys to feel any sort of joy. Caroline was used by many guys and even sometimes abused by one boy. Sad part is, some days she was not only the victim, she was becoming the user. She started hurting innocent guys just to feel like she was getting revenge on the one guy she refused to forget, or to let go. He was out of her life, yet he was still controlling her thoughts, er mind, and even her heart.. Some-days It got so bad, he started to control her worth. She allowed him to do all this, even after he was out of her life. She eventually gave up on revenge and decided to just be careless and give herself out to any man who would give her any sort of attention. Even if it was only for her body, she didn't care, she just wanted to feel something. She searched everywhere possible just to find this love, this love that could be found in Christ. Caroline was a horrid person, she was used, abused, and eventually became villan. She was hated by many and will not be missed. But, no worries! Ivy is now loved, forgiven and treasured by God, and in him is where her pure joy lies...
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