Hibbett Sports Company
Hibbett Sports is a company that involves in the sales and retailing of athletic instruments and footwear among other clothing in small to mid-sized markets. The firm was created in 1945 and is headquartered in Birmingham, Alabama. It has approximately 1100 stores across the U.S. with significant ones located in Georgia, Alabama, and Texas. Its steady growth has led to the employment of around 3200 full-time and 5500 part-time workers. Nonetheless, just like other companies, Hibbett Sports is vulnerable to diverse problems that may hamper its operations. As such, this paper will investigate the greatest natural and human-made problems that may cripple the activities of the company.The greatest natural disaster that can cripple Hibbett Sports’ operations is a severe earthquake. With over 1000 stores in America, the company is well-known in the retailing of athletic equipment as well as footwear. However, all these can crumble due to a severe earthquake, perhaps with a magnitude of 7 and above (Federal Emergency Management Agency). Such a disaster destroys all the infrastructures, kills and injures people including employees, and also deters any form of communication. Earthquakes are devastating since they may lead to subsequent challenges during the recovery period such as the spread of communicable diseases and trauma among the survivors. The damaging effects may also take a while to recover; hence, affecting Hibbett Sports’ operations.
Regarding the human made hazards, cybercrimes can be the most devastating to Hibbet Sports. The company indulges in one of the most competitive industries, which primarily rely on creativity in designs. Other competitors such as Nike, Adidas, and Under Armour are household names that are quite competitive. In that regard, the contentions sometimes lead to unethical techniques such as the hacking of rival’s systems to gain competitive advantage. Apart from that, hackers may interfere with the production system of the company; hence, leading to low-quality products. The defective goods can lead to a financial crisis due to low customer demands; thus, resulting in a downward trend in the corporation’s stocks.
Overall, Hibbert Sports thrives in a conducive and peaceful environment. As one of the leading firms in this competitive industry, avoiding disasters is the only way of maintaining its operations. However, natural disasters such as earthquakes could cripple the firm regarding its functionality while human-made calamities like cybercrimes could lead to the collapse of the company. As such, these hazards pose the greatest harm towards Hibbett Sports.
References
Federal Emergency Management Agency. (n.d.). Natural Hazards. 47-84. Retrieved from https://www.fema.gov/media-library-data/20130726-1549-20490-4629/natural_hazards_1.pdf
Hibbett Sports. (2017). Hibbett Sports. Retrieved from https://www.hibbett.com/
Tucker, E. (2015). Business Continuity From Preparedness to Recovery: A Standards-Based Approach. Elsevier Inc.
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