Under Armour Team Developed Strategic Plan Executive Summary TEAM D MGMT 479 October 5‚ 2014 STRATEGIC ALTERNATIVES ALTERNATIVE ONE Changes in the way consumers spend and what they purchase provides a large opportunity for Under Armour to exploit new markets. Expanding widening product lines for women and exploring unexplored territories could jump start UA is looking for. By expanding into China UA may be able to maximize profit while gaining new business. Under Armour
Premium Marketing United States Economics
Introduction Under Armour is currently one of the leading companies in the sports apparel industry whose mission is to “Make all athletes better through passion‚ science‚ and the relentless pursuit of innovation”.1 When Under Armour first broke into the sports apparel industry it was a disruptive pioneer that initially made the two giants‚ Nike and Adidas‚ a little weary. Under Armour revolutionized the sports apparel industry by creating apparel that used synthetic materials as an alternative to
Premium Brand Under Armour
Background: Under Armour started out in 1996 by Kevin Plank‚ a football player and special teams captain at the University of Maryland. Plank hated constantly changed his sweat soaked clothes at the end of practices and set out to make a better solution. Kevin Plank did extensive research and developed a new kind of clothing that kept athletes cool and dry in even the most brutal conditions. Plank named
Premium Marketing Athletic shoe Brand
rise is Under Armour‚ Inc. Under Armour; the primary maker of performance athletic underwear and apparel has risen to the top with main competitor Nike. The company has also begun to become a factor in the footwear market as well. Recently‚ they have also become the official supplier of both the MLB and NHL. Under Armour’s specialty is sports specific garments‚ and completely dresses its customers from head to toe with both hot and cold gear for sports like football‚ baseball and hockey. Under Armour
Premium Balance sheet Generally Accepted Accounting Principles Accounts receivable
1 : Internship 1 Name of business/organization/institution: Under Armour Briefly describe the business/organization/institution: A successful maryland company founded and based on sporting goods and apparel. Is there an application process for this internship program? If so what is the process? (if you can apply online‚ include the link) Yes‚ there is a short application along with an interview. Beyond an application‚ what other requirements are there for applying to the internship (essay‚ transcript
Premium Management Academic degree College
Analysis of the financial data for Under Armour Inc. & Nike Inc. 1. Liquidity | Comparison between Nike & Under Armour | | 2010 | 2009 | Current Ratio | •Both companies have a ratio that is higher than the dangerous 1.0 current ratio.•The current Ratio of Under Armour is a bit higher than Nike`s which means that Under Armour is more efficient in terms of the operating cycle or in other words the ability to turn its products into cash. | •Both companies have a ratio that is higher
Premium Financial ratio Marketing Economics
crisis‚ Under Armour kept in mind what Kevin Plank‚ always described Under Armour as‚ he described it as brand that means performance. With the help of Adidas‚ Under Armor valiantly fought to keep their name by trying a multitude of ideas such as creating a brand new shoe with Adidas. This shoe never worked with the customer base because Under Armour had removed their focus from their original brand and the customers could see this; and it ultimately lead to the devaluation of their brand. Under Armour
Premium Under Armour Kevin Plank Clothing
In this case‚ I will provide my recommendations‚ analyze‚ and share my interpretation of this case. Under Armour( UA) is a distributor of athletic apparel‚ accessories and shoe wear. There strategic issued is to be able to compete in the sports apparel industry against big names such as Nike and Adidas. In order for them to be successful‚ they have to be able to meet their market share. UA needs to open up its industry to include more women apparel and shoe wear as well as reach other people globally
Premium Marketing Athletic shoe Brand
Sam Edward Spt 260 March 25‚ 2013 Under Armour History of the organization Under Armour was founded in 1996 by Kevin Plank ‚ a then 23-year old former special team’s captain of the University of Maryland football team. Plank initially began the business from his grandmother ’s basement in Washington‚ D.C. As a fullback at the University of Maryland ‚ Plank got tired of having to change out of the sweat-soaked T-shirts worn under his jersey; however‚ he noticed that his compression shorts
Premium Marketing Pricing
Organizational Strategy The rapid success of Under Armour is not a mistake. The company dominates the performance apparel category. According to Founder Kevin Plank‚ “The mission of Under Armour is to make technically advanced products that are engineered with superior fabric construction‚ to provide proven innovation available to the masses-aimed at making athletes perform better” (UnderArmour.com). Under Armour uses many marketing initiatives including athlete endorsement‚ product placement‚
Premium Management Organization Strategic management