International Collegiate DECA Business Research Event BASS PRO SHOPS OUTDOOR WORLD World’s Greatest Outdoor Store *Serving over 75 million sportsmen a year* Mission “to be the leading merchant of outdoor recreational products, inspiring people to love, enjoy, and conserve the great outdoors.” Bass Pro Shops Shows the Love! “The company's philanthropic efforts are primarily directed toward not-for-profit organizations that support conservation of fish and wildlife, especially those which exhibit a strong emphasis on youth development in these areas.” Local Community/Target Market • 40-45% of customers travel 50+ miles to be part of the Bass Pro experience • Pearl, MS location serves the entire state • Target Market: Males of any age and skill level, Outdoorsmen and women Characteristic Estimate Percentage TOTAL POPULATION Male Female RACE White Black American Indian Asian Islander Two+ AGE Under 18 18+ EMPLOYMENT STATUS In labor force Unemployed INCOME Total Households Median Income Families Median Income HOUSEHOLDS With Families Nonfamily 2,941,991 1,427,843 1,514,148 48.5 51.5 1,761,910 1,088,270 13,610 24,691 636 29,446 59.9 37.0 0.5 0.8 0.0 1.0 757,375 2,184,616 25.7 74.3 1,358,952 129,104 59.8 5.7 1,081,052 $37,881 749,274 $47,031 1,081,052 749,274 331,778 69.3 30.7 RESEARCH METHODS Internet Research Surveys Interviews • Endless resources & information • Cost & time efficient • U.S. Census Bureau, KOA, Bass Pro • To determine the needs and wants of the local community • Local community college, email forwarding, Bass Pro customers • Pearl, MS Bass Pro Managers • Identify the probability of success and any strategic adjustments INTERNET CONCLUSIONS Children are not benefitting from technology: – Decreased interaction/awareness of the environment, “disconnected” from nature – High obesity rates – Lower school achievement – Attention deficit disorder – Poor health (hypertension, poor diet, and diabetes) – Less self-discipline – Reduced cognitive, creative, and problem solving capabilities INTERNET CONT…. ONLY 4 locations offering a summer camp to get children in tune with nature in the state of Mississippi! – Only one of which is within a reasonable distance from the location of Bass Pro in Pearl – All options are on a weekly camping term. Over 20 accredited and private charity organizations that support the local children of Mississippi that are in need of funds. SURVEY RESULTS Interest in Camp YES NO Location 100% YES!!! 20% 13% Hinds 67% Rankin Madison SURVEY RESULTS CONT… Non-Profit 21% 79% YES NO "Green" Facility 29% 71% YES NO INTERVIEW CONCLUSIONS The community and the company would support and benefit from this social marketing concept 100%. This program not only benefits the community, but also ties in with the overall strategic mission of Bass Pro Shops as a retailer and environmental conservator. Goals/Objectives The primary goal/objective is for Bass Pro Shops to enhance its corporate social responsibility program with the addition of a children’s campground. • “Green” ethics • Proceeds will benefit local charities, such as Blair E. Batson Children’s Hospital. BENEFITS SHORT TERM • Awareness for the retail store from advertising and publicity • Increased jobs within the community for construction of the camp LONG TERM • Increase in jobs and tourism • Increased customer loyalty, brand awareness, and sales for Bass Pro • Ability to reach new markets, company expansion/growth • Educating and motivating our youth • Building relationships with the community • Addition of other camp sites to benefit additional communities in the future. Enhancing Social Responsibility • Monetary donations and aid to local organizations • Advocating the preservation, restoration, and improvements of the environment – “green” facility – camper’s educational classes • Building skills and long-term relationships with the children and residents of the local community. ACTIVITIES/TIMELINE Activity Corporate Approval Obtain Permits Obtain Insurance Purchase Land Complete Blueprints Set Up Construction Create Web-Site and Marketing Materials Set Up Camp Activities Complete Construction Recruit “Campers” Hire Staff Train Staff Grand Opening Advertising/Publicity Complete Within… 1 mo. 1 mo. 1 mo. 1 mo. 60 days 90 days 6 mos. 9 mos. 10 mos. 9-12 mos. 1 year 1 year 1 year Throughout • Completed within 9 months from the introduction and approval of corporate office • The more excitement and interest built for this camp, the more value created by this program and monies distributed to charities BUDGET Construction Costs Franchise Fee* $30,000 Other Start-up Fees $250,000 Main Service Building $450,000 Land 300+ acres -Rankin Co. $750k 5 Lodges $250,000 Activities Set-up $15,000 Optional Facilities $150,000 Hire/train staff $10,000 90 Camp sites (optional) $950,000 Franchise/Royalty/Advertising* 10% TOTAL $ 2,825,000 Kampgrounds of America Benefits of Partnering with KOA: • The most recognized name in the industry • Top-Quality, cutting edge design assistance • 1.7 million directories/quick guides placed in customers hands annually • Real-time internet reservations • KOA training • “24/7/365” IT computer systems staff available • Complete development of campground “SROI” METRIC 5 stages of SROI: STAGE 1: Establishing Scope and Identifying Stakeholders STAGE 2: Mapping Outcomes STAGE 3: Evidencing Outcomes and Giving Them a Value STAGE 4: Establishing Impact STAGE 5: Calculating the SROI STAGE 6: Reporting, Using, and Embedding SROI CALCULATIONS NPV = [Present Value of Benefits] – [Value of investments] Net SROI Ratio = Net Present Value (NPV) / Value of Inputs If the company wanted to calculate the point in time when the value of the social return starts to exceed the investment, it can be formulated by: Investment / (Annual Inpact/12) WHY Social Return on Investment? This six-step metric implies that the return in SROI is a form a value rather than just a monetary figure, and this campground will be valuable to the company and, most importantly, to the community. BASS PRO SHOPS OUTDOOR WORLD AMANDA GRIECO