CASE BACKGROUND PUMA AG (PUMA) is a German-based company that produces high-end sportswear. According to PUMA’s financial report‚ in the year 2007‚ PUMA earned a profit of $510‚944‚031 excluding taxes. Although the company’s headquarters is in Germany ‚ its main production sites are in China and other developing countries. While the company can afford to invest millions of dollars in advertising‚ behind the scenes‚ workers who manufacture its products still earn the bare minimum. In the last
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ansoff matrix The market penetration strategy is the least risky since it leverages many of the firm’s existing resources and capabilities. In a growing market‚ simply maintaining market share will result in growth‚ and there may exist opportunities to increase market share if competitors reach capacity limits. However‚ market penetration has limits‚ and once the market approaches saturation another strategy must be pursued if the firm is to continue to grow. Market development options include
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Ansoff Growth Matrix is very important strategy in business industry. Any company can measure how achieve their market in this strategy. It consists of four kinds of strategies depending on products and markets. There are a) Market penetration: existing products and existing markets b) Product development: new products and existing markets c) Market development: new markets and existing products d) Diversification: new markets and new products. Today‚ McDonald is really competitive
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manufacturer in the world.[3] Adidas was founded in 1948 by Adolf Dassler‚ following the split of Gebrüder Dassler Schuhfabrik between him and his older brother Rudolf. Rudolf later established Puma‚ which was the early rival of Adidas. Registered in 1949‚ Adidas is currently based in Herzogenaurach‚ Germany. Puma is also based in Herzogenaurach. The company ’s clothing and shoe designs typically feature three parallel bars‚ and the same motif is incorporated into Adidas ’s current official logo.The
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Figure 2: Ansoff matrix of Google growth strategies Then going to market penetration that is a low-risk strategy as businesses choose to focus on selling exisiting products in existing markets‚ to increase their market share of current products. This
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benefits to consumers? Nike‚ Adidas and Puma are the examples of different brands that sell the same category of products. For instance‚ sport clothes‚ sport shoes‚ sport accessories and so on. They have been competing for a long time ago. Each brand had values that they promised. For instance‚ Nike‚ they promised to gives its customers more than just good athletic gear; Adidas promised performance‚ passion‚ integrity and diversity as their values; and Puma promised to be eco services which used to
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Marketing Plan: Adidas AG Taylor Fjeldheim Principles of Marketing Executive Summary Adidas AG sells sports shoes‚ apparel‚ and equipment in 170 different countries. There focus lies in football‚ soccer‚ basketball‚ running‚ training gear‚ golf‚ and apparel. This is a two billion dollar industry and with Adidas being a main cog. They also specialize in lifestyle goods including SLVR and Y-3 fashion brands. They have trademarked their three-striped logo that has become a
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manufacturer in the world.[3] Adidas was founded in 1948 by Adolf Dassler‚ following the split of Gebrüder Dassler Schuhfabrik between him and his older brother Rudolf. Rudolf later established Puma‚ which was the early rival of Adidas. Registered in 1949‚ Adidas is currently based in Herzogenaurach‚ Germany. Puma is also based in Herzogenaurach. Adolf "Adi" Dassler started to produce his own sports shoes in his mother’s wash kitchen in Herzogenaurach‚ Bavaria after his return from World War I. In
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STRATEGIES Ansoff Matrix - 4 STRATEGIES FOR GROWTH The Ansoff Growth matrix is a tool that helps businesses decide their product and market growth strategy. Ansoff’s product/market growth matrix suggests that a business’ attempts to grow depend on whether it markets new or existing products in new or existing markets. The output from the Ansoff product/market matrix is a series of suggested growth strategies for the business and helps them decide what direction the business wants to take. Ansoff used
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Maslow’s Hierarchy of Needs In the most basic sense‚ Maslow’s hierarchy identifies five primary areas of needs experienced by most humans. Beginning with physiological‚ or basic life survival‚ needs‚ the model progresses in subsequent steps through safety and security‚ love and belongingness‚ self-esteem and finally self-actualization. Maslow postulated that as man meets the needs at the first level‚ he moves toward the next‚ then the next and so on. More recent studies have added levels to the
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