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Pages:
3 pages/≈825 words
Sources:
4 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 15.55
Topic:

Analysis Of Nike: Strong Brand Image

Research Paper Instructions:

Instructions
EFAS Table
Using the information gathered from your SWOT analysis conducted in Unit II, create an external factor analysis (EFAS) table for the company you researched. Use Microsoft Word, or a similar program, to create your table. It should have five columns. The first column heading should be titled External Factors, the second column should be titled Weight, the third column should be titled Rating, the fourth column should be titled Weighted Score, and the fifth column should be titled Comments. You may also use the provided template by clicking here.
Click here to see an example EFAS table.
1. In the External Factors column, list at least six opportunities you saw in the company you researched. Underneath the opportunities, list at least six threats you saw in the company you researched.
2. In the Weight column, assign an importance factor to each of these issues. It is important to note that whenever working with weighted averages, the weight column should always total 1.0, or 100%, regardless of how many factors are included in the EFAS analysis. It is up to the analyst to decide how much weight each individual external factor is assigned based on the probable impact on a particular company’s current strategic position. The higher the weight, the more important the factor to the current and future success of the company. An important factor may have a weight of 0.5 (50%), while a less important factor may have a weight of .05 (5%). When all is finished, however, all factor weights should total 1.0, or 100%. You may not be privy to the exact information for this company, so in some cases you will need to use your best judgment. (You will justify your weighting in column five.)
3. In the Rating column, assign a rating factor from 5.0-1.0 (5.0 is outstanding; 1.0 is poor). These ratings are based on the company’s response to that particular factor. It is your judgment call on how the company is currently dealing with each specific factor. Once again, you may need to make an estimate in this area if you are not privy to all of the information. (You will justify your weighting in column five.)
4. In the Weighted Score column, multiply the weight from column 2 by the rating in column 3 to get the factor’s weighted score.
5. In the Comments column, explain why a particular factor was selected and how its weight and rating were estimated.
6. At the bottom of column 4, add the weighted scores for the external factors. Is the company doing better or worse than others in the same industry? Complete this answer underneath your table.
Format your assignment using APA Style. Use your own words, and include citations and references as needed to avoid plagiarism.

Research Paper Sample Content Preview:
Analysis of Nike Author Name Institution Affiliation External Factors Weight Rating Weighted Score Comments Opportunities 0.00-0.1 5.0-1.0 Strong brand image 0.1 4 1.5 The strong brand image of Nike has been the result of its great product quality (Ayungga, 2018). The company can maintain its reputation by providing customers with more innovative and better quality products in the coming months. Outstanding innovation processes 0.15 3.5 2 Nike has opted for great innovation processes and ensures the comfort of its customers. It is capable of creating cutting edge designs for its athletic footwear, equipment and apparel. Global production and distribution network 0.15 1.50 2.5 Nike has an extensively large network of producers and distributors that enable the company fulfill the requirements of global markets (Lebron, 2010). Affordable products 0.1 2 1.5 Nike has always provided its customers with budget-friendly products, and unlike its competitors, the company does not raise prices now and then. Different ways to inspire customers 0.15 3 2.5 Nike opts for different ways to inspire its customers, such as it has a strong social media presence and continues offering new items. Promises sustainability 0.05 4 3 The CEO of the company has promised to address the world’s environmental issues to an extent. Threats Not forthright in terms of its strategic partnerships 0.05 0.170 0.10 Nike has never discussed its strategic partnerships, which is a big threat since consumers want to know everything about it (Falaschi, 2018). Poor working environment 0.05 0.15 0.30 Employees are not provided with friendly and peaceful working environment, and this keeps them from accomplishing certain t...
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