Chapter Callaway Golf Company Rajiv lal Edith D. Prescott . Ely Callaway‚ Callaway Golf Company ’s (CGC) 80-year:old founder‚ chairman‚ and chief executive officer‚ sat in the conference room one sunny day in fall 1999 contemplating his company ’s remarkable story. He wondered how that story might continue in light of some recent internal and external challenges. In the span of a decade‚ Callaway had built CGC into the dominant player in the golf equipment business‚ despite charging premium
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Varun N Visawadia Callaway&Golf&Company&! Objec2ve:! Callaway!Golf!Company!(CGC)!faced!a!loses!of!17%!a6er!enjoying!50%!margin!for!10!years.!The! objecAve!here!is!to!analyze!reasons!for!losses!and!recommend!ways!and!means!to!overcome!it. Value&Proposi2on&of&CGC: High!Performance!products‚!High!Quality‚!Excellent!Customer!Service‚!Brand!Equity‚!Proven! technologically!advanced!working!equipment‚!One!Ame!investment!for!Average!golfers‚! PresAgious!for!Skilled!Professionals. Company Customer Collabatotars
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Callaway Golf Company LaToya Owens‚ Chris McMullin‚ Robb Spears and Crystal Shumpert Indiana Wesleyan University Key Success Factors Callaway Golf Company’s (CGC) had seven key success factors to include: the founder’s vision; product design; pricing; product development; sales; marketing and the media. The founder‚ Ely Callaway’s vision is: “If we make a truly more satisfying product for the average golfer‚ not the professionals‚ and make it pleasingly different form the competition
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Questions for Callaway Case 1) From the facts in the case‚ what were the trends and changes taking place in the market and environment that the Callaway Golf Company operates in? In undertaking this analysis‚ consider trends and changes in the areas of competition‚ market demand and product life cycle‚ consumer behaviour‚ and distribution channels. 2) Given these changes‚ does the Callaway Golf Company need a new strategy? If your answer is YES‚ then make recommendations for its overall strategy
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1. Callaway ’s strategy from 1988-1997 with respect to: A. Research and Development From its initial existence R&D and innovative products had been the lifeline of CGC. When Callaway bought into the company his first initiative was to develop original products. Innovation and superior performing products are important in golf because equipment is thought to have a significant impact on player performance. Moreover‚ innovation was important because CGC had to be the technological leader
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Callaway Golf Company (CGC) excelled in designing‚ development‚ manufacture and marketing of Golf clubs and accessories. Established in 1982‚ the publicly traded company recorded a steady growth in sales from $5million in 1988 to $800 million in 1997. This was possible due to clarity in vision of its CEO Ely Callaway‚ which was aimed at making a satisfying product which was uncommon and enjoyable for the average player rather than professionals. The revolutionary clubs were sold to professional as
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Callaway Golf (ELY)‚ Finish Line (FINL)‚ and Under Armour (UA) went up over the past few weeks. Even though‚ we finished 9th in the class ranking that is where we were at the beginning of the semester. Callaway Golf (ELY) price went from $11.89 to $12.09 because the golf company’s stock increased by nearly 14% in the third quarter. Finish Line (FINL) price went from $21.92 to $22.97 because the stock nearly increased by 2%. Under Armour (UA) price went from $31.66 to $32.21 because it went up
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Wayne Mallette‚ director of performance management for Callaway Golf Canada is asked by the golf company’s managing director Steve Kaufman‚ to measure the functioning of the Mobile Performance Team (MPT). He is also expected to implement an effective plan of action that would guarantee that Callaway Golf Canada stay superior to its competitors for the rapidly approaching 2008 golf season. Callaway Golf’s main goal is to be of assistance to every golfer to help them improve their golfing skills
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Case – Callaway Golf Canada Their goal: “To help every golfer become a better golfer”. The primary issue- I have come to the conclusion that the primary issue of Callaway Golf is: “ In order to maintain Callaway’s target customers of high performance‚ they must figure out how to perform better service to differentiate themselves from competitors moving forward”. Related Issues In my opinion some of the related issues for this case would be that being Callaway Canada was
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The key issues concerning Callaway Golf Company are: * Relationship with its retail partners * New product development * Marketing strategy Problem: Callaway has experienced its first loss of $ 27 million after 10 years of growth. Competitors had finally caught up to Callaway’s superior R & D capabilities and are flooding the market with new products and promotions‚ raising the bar for consumers on when to replace their equipment. Callaway’s strategic success in 1988 to 1997 is highly
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