The bargaining power of customer is high because they can cheaply and easily change. The demand is very elastic and the information is not asymmetric. First because the market is price in-elastic. The change in the price of the product does not cause a significant change in the demand of the product. And also because most of the products are standardized‚ it is difficult to respond to consumers requirements in constantly innovating and creating additional value. Consumers have more choices but
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The environment is sport’s ultimate playground. At the adidas Group we are committed to environmental leadership and setting the standard for our industry. The adidas Group Environmental Strategy 2015 is our five-year plan to re-engineer our approach and embed performance improvements across our whole value chain. DEVELOPMENT DESIGN SALES SOURCING INNOVATION OWN OPERATIONS MARKETING USE & END OF LIFE Building on existing programmes and leveraging the passion of our people‚ the
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1.0 Introduction Adidas is the second largest sportswear and apparels manufacturer (Dogiamis & Vijayashanker‚ 2009). By far‚ Adidas holds a market share of 22% (Dogiamis & Vijayashanker‚ 2009). Adidas had also registered the infamous ‘3 stripes’ as its trademark (Berntson‚ Jarnemo & Philipson‚ 2006). The founders of Adidas‚ Adolf and Rudolf Dassler had the vision of providing athletes with the best suited pair of shoes for their respective sports (Dogiamis & Vijayashanker‚ 2009)
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The twelve year return-on-equity data for the Tobacco Industry of 27.9% is substantially above the all-industry average of 14.1% given in the Business Week data. Examining Porters five forces reveals the keys to the Tobacco industries superior profit performance. The price customers are willing to pay for a product depends‚ in part‚ on the availability of substitutes. The absence of close substitutes in the case of cigarettes means that consumers are comparatively insensitive to price increases
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“Sony Drops Price of Playstation 3” Assignment 2 Week 3: Industry Analysis The article “Sony Drops Price of Playstation 3” discusses Sony’s Playstation 3 and its strategy with cutting the price of its PlayStation 3 by 25%‚ from $399.99 to $299.99. This is a business decision by Sony with hopes that it will generate increased demand for a videogame console that has undersold compared to Microsoft’s X Box 360 and the Nintendo Wii. As the gaming continues to grows‚ the Threat of Entries continues
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3.0 Porter’s five forces Threat of New Entrants The threat of new entrants‚ both potential and existing competitors influences average industry profitability. The threat of new entrants is usually based on the market entry barriers. Some of the barriers include cost of entry‚ the cost you need to bear in order to enter the particular market. Rules and regulation set by Government may also considered barriers for new entrants to enter markets. The operations of McDonald’s Malaysia are affected
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Describe the elements that make up the marketing mix. A: Firstly‚ there are three key purposes of the marketing function. These are: To complete in a competitive marketplace To identify and anticipate consumer requirement and then satisfy these requirements To make a profile Then‚ the marketing mix of Adidas is referred to as the 4Ps that include: the right product‚ sold at the right price‚ the right place and using the most suitable form of promotion. Explain the term sponsorship. Name
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ADIDAS STUDY 25/9/13 13:30 Page 2 MARKETING Planning effective marketing strategies for a target audience There are countless historic sporting achievements that have Introduction taken place in adidas products. These include: Since it was established in Germany in 1949‚ by Adolf Dassler‚ • Jesse Owens’ 4 gold medals in Berlin 1936. adidas has been synonymous with the sporting industry. Today‚ • Cassius Marcellus Clay (Muhammad Ali) taking gold in the adidas is
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Motion Porter’s Five Forces Threat of New Entrants * Moderate The ability for brand new competitors to emerge is very low. The smartphone industry is very technologically intensive. This means that a brand-new entrant would require a significant amount of money to build a comparative technological product in order to compete with RIM’s technology. No man or woman in their right mind would attempt to design and manufacture such an expensive product for such a competitive industry. There are
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Porter’s Five Forces Rivalry Among Competing Sellers: HIGH/MODERATE The rivalry among competing sellers‚ often the strongest competitive pressure‚ is also fairly high for Panera in the restaurant industry. No switching costs‚ numerous competitors‚ and an increase in the availability of healthy food For a company in the restaurant industry‚ there are no switching costs for consumers. It is not like‚ for instance‚ the cable industry where cancellation fees are prevalent or an electronics industry
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