Best v Worst Brands From the statistics gathered from the research group and the surveys‚ we have concluded that Nike is the best brand and the Reebok is considered to be the worse brand. For the consumers‚ it was not the feel or the style of the shoe that was the reasoning for the dislike in the product‚ it was the lack of promotions and the lack of competition it gave the marketing giant known as Nike. Many felt that they never knew when new Reebok products were being released and they were not
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Nike vs. Reebok Questions 1. "The success of Nike was strictly fortuitous and had little to do with great decision making." Evaluate this statement. The important part of the success was due to the far-sight of Nike’s management team. Nike’s CEO‚ who was a marathoner and knew what runners wanted for their shoes‚ had made a very basic strategy work; "make the products that fit their consumers’ needs". Examples of great decision making are: Diversifying products (into sports wears and others)
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Company Overviews Nike In 1964 in Oregon‚ Phil Knight and Bill Bowerman join together to make a new enterprise; each contributed about $500 to the partnership. The company started bringing low priced and high tech athletic shoes from Japan to replace the German domination of athletic shoes in the industry. In 1971‚ a graphic design student created the Swoosh trademark for a $35 fee. In the same year Jeff Johnson‚ Blue Ribbon Sports ’ first employee‚ made his most durable contribution to the
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Swot analysis NIKE 1. Strenghts: -Low manufacturing cost since the manufacturing chain comes from south Asia were labor costs are low. -Since Nike does not own the physical factories‚ production can be switch to another location if necessary. -Nike wass worth 15 billion in 2011. They have a strong position in the shoe market. For example their gem ’’Just do it" has been recognized worldwide. - High return on equity up to 24.5 % in 1993. Although the return on equity was 21.41 %‚ it still
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1 About Reebok Founded by: Joseph William Foster‚ 1890 in UK. Sub Brands Reebok EasyTone •Toning and shaping Reebok ZigTech •training activities Reebok RealFlex •flexible movements Reebok Classic Collections 2 Brand Owning Organization Subsidiary of Adidas Group since 2006 Uli Becker – president of Reebok 8‚000 employees 2010 – revenue of € 1‚603 billion (19.3 % growth) 3 Overview of Reebok EasyTone 2007 – Run Easy & “There are two people in
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Brand Analysis Assignment Nike 1. What is the positioning strategy of the brand ¡V that is‚ how is it different from other brands in the market? How is it communicated through promotional materials? Nike is a brand that usually signs top athletes of every sport from across the world to lucrative deals so that the athletes can wear and represent Nike to its fullest. Nike‚ unlike its competitors‚ wants to be seen more as a symbol of strength‚ dedication‚ hard work‚ sweat‚ perseverance and the desire
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Nike Athletic Shoe Industry {draw:frame} ”It is one of the most recognized symbols in the world-The swoosh. Simple.Fluid.Fast.” (Nike.com) III. Overview of the Company and Brand A. Internal Analysis Company Overview: Marketing Strategy of Brand a. Brand description‚ product line overview classification Nike carries a wide selection of all kinds of athletic shoes. Running shoes‚ basketball shoes‚ casual shoes‚ trail shoes‚ and cross trainer shoes. Nike tends to be more on the expensive
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Competitive Analysis Parameters | | | | | Price | Medium to high300 – 700 DKK | Medium to high400 – 1000 DKK | Medium to high300 – 3500 DKK | Medium to high200 – 500 DKK | Promotion | * Online shop * New products * Events * Charity * Celebrities * Environmental – friendly products | * Online shop * Events * Donations * Environmental – friendly products * Celebrities | * Online shop * Events * APP’s on iPhone * Environmental – friendly products * Celebrities
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people hear the name Nike they think of great footwear‚ quality apparel and top of the line athletic merchandise. People wear the Nike swooshes with pride‚ thinking what they are wearing will improve their own personal athletic goals‚ or simply boost their self-confidence. People also purchase the Nike brand because they relate it with so many of the athletes who Nike endorses. People like LeBron James‚ Tiger Woods‚ Maria Sharapova‚ and Michael Jordan. These athletes wearing the Nike sign‚ was what really
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Case 6 Nike Celess Valk MKTG 4082 10/29/12 To answer question one it’s important to not that Nike has created a very powerful image in the minds of consumers in America. Nike wanted consumers to see it as an innovative brand that produces top of the line performance gear that was associated with very powerful and important athletes (mostly males). Their profile users are represented as famous athletes such as Michael Jordan or Tiger Woods. The athletes reflected the brand personalities such
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