Market Analysis of Nike Julie Wilderman BUS330: Principles of Marketing Professor David Kalicharan August 08‚ 2011 Market Analysis of Nike One important issue marketers need to realize is that it is essential to have a heavy commitment and solid customer focus and to attempt to satisfy customer wants and needs. (Kotler & Armstrong‚ 2012) Companies need to be able to gauge their threats and opportunities to fully understand the different roles in the marketing environment. Environmental
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Introduction Nike‚ Inc. is a major publicly traded clothing‚ footwear‚ sportswear‚ and equipment supplier based in the United States. Nike started making history for sustainability in 1990 with the program Reuse-A-Shoe. They started to promote this by using advertisements which are still active today. The first line of this advertisement is an orange recycling symbol and next to it is an equal sign‚ with a Nike shoe. Under this line the advertisement states “what can your trash make?”. This advertisement
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1990’s Nike started facing criticism after several articles were released showing the poor labor conditions of its workers in sweatshops in places like China‚ Japan‚ and other Asian countries. As early as 1993 reports started being released about the poor working conditions. One such report was a CBS exposé by Roberta Baskin describing the working conditions of the Indonesian women working in the factories‚ explaining that they were making only $1.30 a day. During the report she criticized Nike and
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NIKE INC. 1. HISTORY 1960s Bill Bowerman and Phil Knight founded Nike Inc. as Blue Ribbon Sports with a handshake and only $1‚000 in capital in 1964. The partners first began their relationship at the University of Oregon where Bowerman was Knight’s track and field coach. While attending Stanford University‚ Knight wrote a paper about breaking Germany’s domination of the U.S. domestic athletic shoe industry by distributing low-cost‚ high-quality Japanese athletic shoes to American consumers.
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Report: The Travails of Nike INTRODUCTION Nike‚ Inc. is a world’s leading supplier and a major manufacturer of athletic shoes and sports apparel. It was founded on January 25th‚ 1964 as Blue Ribbon Sports by Philip Knight and Bill Bowerman. It officially became Nike‚ Inc. in 1978. Currently their brands include Nike Golf‚ Nike Pro‚ Nike+‚ Air Jordan and Nike Skateboarding‚ while their subsidiaries are Cole Haan‚ Hurley International‚ Umbro and Converse. During this stage‚ the Nike brand has become so
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Nike and Flying Fish Nike and Flying Fish is a 1998 artwork fathered by Ke Francis ;an art teacher‚ owner of Hoop snake Press‚ and manager of the university of central Florida’ publishing company‚ Flying Horse Press. A layered style supports the arrangement of items painted. “A rabbit trap layered under a funnel with a flying fish that’s face to face with a drawn image of Nike‚ the Winged Victory of Samothrace‚ a Greek pagan goddess. Francis’s work is a seventy-two and a forth by seventy-eight
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Nike has experienced many political and legal issues throughout its lifetime. From claims the company has used and continues to use sweatshops‚ to ties with terrorism‚ Nike has had a lot to overcome. These issues Nike has faced has shaped their current marketing strategies and led them to become one of the most recognizable brands in the world. The largest political issue Nike has faced was with regards to the sweatshop and child labor scandal. Nike began manufacturing in South Korea and Taiwan
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valuable resource for Nike. Cutting costs by employing workers at a reduced rate or paying less for plant operation allows Nike to invest the additional profits into other areas of the business such as advertising‚ thereby increasing the potential for company growth. In addition‚ decreased operational costs are more likely to attract and retain company investors because more money can go into increasing business profitability. Increases Competitiveness * Because Nike is able to more efficiently
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BACKGROUND OF THE PROBLEM Since the late 1980s‚ Business School marketing professor Itamar Simonson has looked for ways to understand how consumers make choices. Much of his work debunks the accepted theory that giving consumers what they want and making a profit are the most basic principles of marketing. Customers may not know what they want‚ and second-guessing them can be expensive‚ says the professor who teaches MBA and PhD marketing and consumer decision-making courses. In Simonson’s words
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In today’s world‚ Nike and Wal-Mart are two big corporations that play a vital role in many lives. They both started from humble beginnings and have become a big phenomenon not only in the United States‚ but globally as well. Through what I would call very smart business concepts both have been able to grow exponentially over the past few decades. Wal-Mart has been able to pretty much dominate retail while Nike has been able to pop up first in peoples mind when it comes to sports apparel. Wal-Mart’s
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