In the ever expanding world of consumerism and advertising‚ companies are constantly looking for new ways to sell their products to youth by making their commercials and campaigns more memorable than the competition; thus having to reinvent themselves. The youth generation has become the prime target because they have more spending power than ever before; because of more disposabel income‚ and increased avenues at their disposal in which to spend their money. Therefore companies spend an enormous
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CASE REPORT NIKE & ITS PROBLEMATIC SITUATION Rise of Nike Nike was founded over 30 years ago by Bill Bowerman‚ a former college track coach‚ and Phil Knight‚ an entrepreneur. At the beginning the two men were selling shoes out of the back of their cars at track meets. In 1987‚ Nike reached a turning point‚ and it increased its marketing budget from $8 million to $48 million. Most of this advertising budget was to pay celebrities‚ such as Michael Jordan‚ to endorse Nike Products. The shoes
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EXECUTIVE SUMMARY The purpose of this report is to analyze Nike‚ Inc to assist the company increasing market share and sales through the product of Nike+ iPod Sport Kit and Nike+ shoes by the end of 2008. The key issues facing by Nike in marketing this product are narrow target segment and inappropriate buzz promotional strategy. There is also a minor issue of the kit’s limited functionality which hinders for product growth. As a result‚ the current target segment of elite runners should be redefined
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Kasky v. Nike‚ Inc The plaintiff in this case was Marck Kasky who filed a suit against Nike the defendant for what he believed to be false and misleading advertising. The appellant Mark Kasky filed an appeal against Nike the appellee. Trial court was won by Nike‚ At the lower appellate level the decision was for Kasky In the case neither Nike nor Kasky won. The law suit ended in a settlement although Nike had to pay. The plaintiff filed a suit against Nike because he objected to a campaign
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The company that has first 3 letters similar to mine is Adidas & the other company in the same sector was Nike. The Mission statement of Adidas is : “The Adidas Group strives to be the global leader in the sporting goods industry with sports brands built on a passion for sports and a sporting lifestyle. We are dedicated to consistently delivering outstanding financial results. We are innovation and design leaders who seek to help athletes of all skill levels achieve peak performance with every
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Nike’s pricing Strategies 20 Price versus Promotion Matrix 21 Price versus Quality Matrix 22 Place (Distribution) 23 Nike -Direct Marketing 24 Nike - Indirect Marketing (Wholesalers & Retailers) 25 Value added services – Intermediaries 25 Distribution strategies 25 Promotion 26 Nike’s promotional strategies 27 Communication Model 28 SWOT ANALYSIS OF NIKE INCORPORATED 30 Strengths: 30 Strong Brand Image 30 Supplier Diversity 30 High Growth 31 Weakness: 31 Recent Setbacks
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Brand : Nike Inc. Definition Of Internal Value: A unique combination of systems‚ processes and networks within the organization to provide a sustainable differentiating factor among competitors and customers. Introduction: Nike was founded in the year 1964 when it was called by the name ‘Blue Ribbon Sports’ ‚ by Bill Bowerman and Philip Knight ‚ and later became known as Nike Inc.‚ (derived from the Greek Goddess of victory)in 1978. Explanation: Nike is one of the biggest sports
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A Report on the Product/Services/Promotional Strategies Offered by Nike I visited the website of Nike‚ one of the most widely known sellers of athletic footwear‚ equipment and apparel in the world. The message that I got from Nike is “if you have a body‚ you are an athlete”. This is a very clever message because not only is the company trying to target athletes‚ they are targeting everyone in the whole entire world. Everyone has a body so everyone has the potential to be an athlete. This is
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When it comes to athletic apparel‚ the first company people think of is either Nike or Adidas. Why? Both Nike and Adidas have done an impressive job in marketing their products‚ with popular spokesperson like Kobe Bryant or Derrick Rose. Nike’s success is attributed to its products contributing to the success of the athletes who purchase them. Nike and Adidas seemed as though they had control on the athletic apparel oligopoly‚ but recently‚ Under Armour has become a serious competitor to the two
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| Nike: Building a Global Brand | MKTG 4082W | | 1. Nike’s brand image‚ a set of emotions‚ feelings‚ and experiences with the brand‚ developed over time through advertising campaigns and consumer experiences with Nike. The core attributes of Nike’s brand image include high performance‚ innovation‚ and aggressiveness. Nike positioned itself as a company that makes products for athletes‚ by athletes. They tailor their products for serious/winning athletes and also stress their point-of-difference
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