Shareholders Enjoy Growth at Dick's Sporting Goods Assignment - 30

Shareholders Enjoy Growth at Dick's Sporting Goods - Assignment Example As the paper outlines, one of the key successes of Dick's Sporting Goods is the fact that products are stocked according to a local area's seasons. This can reduce costs, which in turn the company can pass onto the customers in the form of cheaper yet high-quality products. Another reason why business has flourished is that Ed Stack has placed key emphasis on the customer experience. For any business that is struggling to establish itself in the marketplace, developing strong relationships with customers is one of the few things that can be controlled. There are so many other variables that can change depending on different factors, but being nice and courteous to customers is something that is attainable. Ed Stack has realized this and the result has been that many repeat customers have been created.  The reason why rapid growth can sometimes be a bad thing for a company is that it has not prepared to expand business operations. Few experts can predict when a company will take off , so when it does it often happens by surprise. This causes the firm to adjust its strategic goals and objectives, and sometimes it does not have long enough to accurately form these. Another reason why rapid growth is not such a good idea is that expenses tend to rise faster than revenue, creating a short-term loss. While this may not prove to be fatal to a company, it can mean that the company has to secure external financing in order to break even and doing this can strain company finances and resources. It is often the case that steady growth is better than rapid growth for the long term because the company can adapt its strategies at a pace that keeps up with the company's growth. Trying to accomplish this feat when the company is expanding rapidly is difficult to do because simple mistakes can cause damage to the company in the long term.

Real Estate Foreclosures Essay Example | Topics and Well Written Essays - 1250 words

Real Estate Foreclosures - Essay Example Through foreclosure process, banks or creditors can reclaim the possessions of owner if he/she is unable to fulfill the contract of mortgage loan. As the financial crisis has occurred in the USA, the numbers of foreclosures have increased. Several banks such as Bank of America, JP Morgan Chase, and Ally among others had announced foreclosures against the homeowners who failed to repay the loan amount. Real Estate Foreclosures and the Financial Crisis The unreasonable strategies of financial institutions in the USA had allowed many people to purchase houses which they could not manage to pay for. It was unwise for people to think that house prices will only increase and as a result people started to take loans and purchase property from them in the prediction that the cost will increase in future, which will make it easy for them to repay the amount. When the bubble burst, the house price began to decrease considerably and several home owners were trapped unexpectedly to pay for the l oan amount. As people understood that they will lose more money by selling their property compared to the loan amount, they foreclosed. The increasing rate of foreclosure had freaked several banks as well as hedge funds that had already converted the loan amounts to securities and comprehended large amount of losses (Edmonds, â€Å"What's The No. 1 Reason for Foreclosure?†). According to Mortgage Banker Association (MBA) above 900,000 households had foreclosed in the year 2008 which was 71% more compared to 2007. It was recoded as highest foreclosure rate over 36 years in the US economy. The main reason for foreclosure was the attitude of people of maintaining lifestyle beyond their affordability. The subprime loans frequently arrive with low preliminary interest rates and thus people with less affordability are the key receivers of it (Edmonds, â€Å"What's The No. 1 Reason for Foreclosure?†). Causes of Foreclosures The unconscious purchasers of loans are liable for f oreclosure crisis in the USA. In order to benefit from the large loan values, people had chosen several dishonest paths such as fabricating their income, and increasing the values of pledged properties. The lenders had also avoided taking necessary actions against such conducts and made this happen. Generally, people are not very aware about financial details with respect to planning their own revenues. They were simply attracted by the smartly influencing media and thus often fall for overwhelming mortgage culture. The leaders and politicians were more engaged with spending more amounts compared to tax revenue. The high expenditure had resulted in deficit of budget. In order to deal with the deficit, government had produced more currency which brought inflation and the value of Dollar fell significantly. As a result, the prices of essential goods increased and ordinary people became incapable to cope up with the higher inflation rate. The expense for mortgage amount increased due t o fluctuating interest rate and foreclosure was the end result of it. Several unethical decisions to deal with the deficit of budget such as borrowing money from overseas countries and spending excess money on war had degraded the economy of the USA (Vidmar, â€Å"Seven Ways Foreclosures Impact Communities†