STRATEGIC BRIEF
Marketing Objective
What is the marketer’s primary business goal?
Nike’s primary business goal is to sell athletic apparel and accessories.
What are the long-term dollar and unit sales trends in the defined market?
The trend of the industry has been a steady increase since 2009.
What are the most important factors that underline those trends?
The most important factor has been a higher demand for textile products from retailers.
What end result is desired within what time frame?
The end result would ultimately be to have a continued steady increase with no time limitation.
Demand
To achieve the marketing objective, what sort of demand must be generated?
A continued increase in demand from consumers is desired for the marketing achievement to be achieved.
What steps typically occur in purchase decision process? Where along the way do most potential customers fall off?
The steps that typically occur in the decision process towards making a purchase have to do w/ the consumers need for athletic apparel, accessories, or footwear. After that the name brand comes into play, since Nike is very widely known and advertised it comes to the front of the consumers mind. Most potential customers may fall off when it comes to making the actual purchase b/c they see that they can get comparable items for cheaper since they are not Nike branded.
What roles does the product play in the lives of the most promising prospects? What are the primary motives for category usage? What is the importance of the brand, and how will it meet the needs of those prospects better than their current brand?
The roles that the product plays in most lives of the promising prospects are that of being a part of any kind of athletic activity. The primary motives for category usage are to participate in athletic activity. The importance of the brand is in its rich history and its current popularity.
What perceptions of the brand appear to be holding it back from greater use among its most promising prospects?
The biggest perception of the brand that holds it back from greater usage is the perception that Nike’s products are produced in sweatshops in China.
Which major bottlenecks in the purchase decision process can be addressed by the marketing communications?
The marketing communications can address the issue of Nike’s products being produced in sweatshops.
Target Market
Who currently uses the brand? How do prospective customers differ from current users?
Athletes or people who like to stay active are who uses the brand. Prospective customers are the same types of people; they just may use another company’s athletic gear such as Reebok or Adidas.
Is the user of the product also the purchaser? If not, how does the user of the product influence the purchaser?
The purchasers of these products are usually the users as well.
Within the demand target, are there demographic segments that offer the best opportunities for the brand?
As with any product there are always demographic segments that fall more in line with the brand and promote better opportunities for profit.
Competition
What is the most meaningful way to define the market in which the brand competes? (The key to market definition is substitutability.) Are there other products with which the brand is interchangeable?
The market that Nike competes in is the Textile – Apparel and Footwear industry. The brand is interchangeable with a few other brands, namely Reebok and Adidas.
What major and minor product differences exist between the brand and its key competitors?
The major differences that exist between Nike and its key competitors are market share and brand recognition.
What benefits do the brand’s primary competitors promise?
The benefits that are promised by the brand’s primary competitors are products that Nike doesn’t offer such as Adidas’s TECHFIT PowerWeb or Revolution
VS 1 A COMPARITIVE ANALYSIS OF MARKETING STRATERGIES FOLLOWED BY NIKE AND ADIDAS TEAM MEMBERS ANUPAMA VENU CLAES JOTORP DEEPAK TUSHIR GUSTAV TENERZ SAIRAM KRISHNAN SANJAY SHARMA SUNANDA SURESH 09014 09126 09032 09128 09088 09090 09112 2 INDEX 1. INTRODUCTION 1.1. BRIEF ANALYSIS OF INDUSTRY 1.2. BRIEF DEFINITON OF INDUSTRY 1.2.1.TRENDS IN THE INDUSTRY 1.2.2.MARKET ANALYSIS 1.2.3.MAJOR PLAYERS AND MARKET SHARES 1.3. MAJOR FORCES SHAPING THE INDUSTRY 1.3…
Description of marketing strategies applied by Nike Air Force 4.1 Challenges Forcing Nike to Focus More on Marketing Sportswear is defined primarily as apparel and footwear made for sports participation, though is now also includes casual clothes worn by people for daily activities (E. Ko, C. R. Taylor, et al., 2012). The sportswear market is one of the most price-competitive markets throughout the globe. Within the UK, items of sportswear are purchased by almost 90% of people under 35 years of…
Abstract This report presents a brief summary of the M&A deal and the performance of the Adidas-Salmon Group and the Reebok International which are the top players after Nike, in sportswear market. Mergers and Acquisitions is an extreme matter of concern in the corporate world since last few decades. M&A can also be considered as a main vehicle which drives towards direct investments, either domestic or foreign. With motives of achieving greater efficiency and effective strategies, most of…
What is marketing? Including a short discussion of: (a) Why marketing is an important function within organisations; (b) The core concept of marketing; (c) The major marketing activities of an organisation. In our daily life, it is easy to see that tradesmen sell simple and tangible goods such as soap and shampoo, as well as luxury product such as LV handbags. Where there is a transaction, there is a marketing. Many people think of marketing only as selling and advertising, while selling and advertising…
Marketing Management, 14e (Kotler/Keller) Chapter 2 Developing Marketing Strategies and Plans 1) The task of any business is to ________. A) create customer needs B) differentiate in terms of cost of production C) deliver customer value at a profit D) reduce competition E) communicate similar value as provided by competitors Answer: C Page Ref: 33 Objective: 1 Difficulty: Easy 2) What is the traditional view of marketing? A) Firms should just focus on production because if the…
(Continued) Changed role in collecting and reporting costs to management as a result of increasingly automated business environment. Now more responsible for strategic cost management – assisting in evaluating how well resources are employed by the company. Teams with people from production, marketing, engineering, etc. Aid in making critical strategic decisions. Chapter 1-8 SO 1 Explain the distinguishing features of managerial accounting Comparing Comparing Managerial Managerial and and Financial…
new customers. Evidence that distributing golf balls through mass merchandisers would benefit the firm had already begun to show. Spalding began distributing its Top Flite brand balls through such retailers less than one year earlier. And in that brief period, sales of Top Flite balls soared, 1 Darryl T. Banks, assistant professor of marketing at the North Carolina Central University School of Business, prepared this case as the basis for class discussion rather than to illustrate either effective…
Marketing Industry in Egypt Overview: This report aims at giving a brief picture about the “Marketing” Industry in Egypt, the different practices used by the companies, and the changes that are happening in the industry throughout time; with a special focus on the IT marketing. First an overview of “marketing” in general will be given to introduce the basic concepts, various types of marketing tools and channels that are commonly used, and the different agencies working in the marketing fields…
Capstone Project – Critical Risks Assessment and Milestones Schedule Gloria J. Hines Grand Canyon University: BUS 485 Strategic Management November 13, 2011 Capstone Project – Critical Risks Assessment and Milestones Schedule OUTLINE I. Introduction II. SWOT Analysis III. Contingency Plans IV. Preferred Timing and Objectives of Johnson’s V. Conclusion VI. References Capstone Project – Critical Risks Assessment and Milestones Schedule Johnson’s Shoe Emporium…
development process consists of three major parts, or “Building Blocks,” each adding to the foundation of the previous one: Building Block 1: The Analytical Foundation Building Block 2: Critical Value Factors Building Block 3: Strategic Marketing Approach Each of these Building Blocks addresses an essential part of your market strategy. Once you have finished all three workbooks, you will have a complete market strategy document for your company. With this document in hand…