This ppt shows numerous aspects of the very famous Nike brand. It talks about Nike's history or origin, marketing strategy, various segmentations, brand positioning, marketing mix, competitors, social media presence and Nike in covid-19 era.
This ppt shows numerous aspects of the very famous Nike brand. It talks about Nike's history or origin, marketing strategy, various segmentations, brand positioning, marketing mix, competitors, social media presence and Nike in covid-19 era.
Analyzing Nike's products and promotional strategies.
The presentation can be viewed with audio on Youtube. https://www.youtube.com/watch?v=vKVO8P7x7Bc
In our Strategic Management Class at the Monfort College of Business. We where assigned the taks to conduct an analysis of NIKES Strategic business plan. Here is the presentation that me and my teamates put together using many different reasearch platforms and also using Canva to design the look of our presentation.
Analyzing Nike's products and promotional strategies.
The presentation can be viewed with audio on Youtube. https://www.youtube.com/watch?v=vKVO8P7x7Bc
In our Strategic Management Class at the Monfort College of Business. We where assigned the taks to conduct an analysis of NIKES Strategic business plan. Here is the presentation that me and my teamates put together using many different reasearch platforms and also using Canva to design the look of our presentation.
Case study on Nike's Marketing strategy - Nike is the top athletic apparel and footwear manufacturer in the world. This presentation will give you an insight of how Nike changed the marketing scenario of the sports equipment industry. Started off as a small company which only made running shoes for athletes by athletes, in just a short span of time, it rose to become the leading competitor of the sports industry.
Marketing Excellence NikeNike hit the ground running in 1962. .docxtienboileau
Marketing Excellence Nike
Nike hit the ground running in 1962. Originally known as Blue Ribbon Sports, the company focused on providing high-quality running shoes designed for athletes by athletes. Founder Philip Knight believed high-tech shoes for runners could be manufactured at competitive prices if imported from abroad. Nike’s commitment to designing innovative footwear for serious athletes helped build a cult following among U.S. consumers.
Nike believed in a “pyramid of influence” where the preferences of a small percentage of top athletes influenced the product and brand choices of others. Nike’s marketing campaigns have always featured accomplished athletes. For example, runner Steve Prefontaine, the company’s first spokesperson, had an irreverent attitude that matched Nike’s spirit.
In 1985, Nike signed up then-rookie guard Michael Jordan as a spokesperson. Jordan was still an up-and-comer, but he personified superior performance. Nike’s bet paid off—the Air Jordan line of basketball shoes flew off the shelves and revenues hit more than $100 million in the first year alone. As one reporter stated, “Few marketers have so reliably been able to identify and sign athletes who transcend their sports to such great effect.”
In 1988, Nike aired the first ads in its $20 million “Just Do It” ad campaign. The campaign, which ultimately featured 12 TV spots in all, subtly challenged a generation of athletic enthusiasts to chase their goals. It was a natural manifestation of Nike’s attitude of self-empowerment through sports.
As Nike began expanding overseas, the company learned that its U.S.-style ads were seen as too aggressive in Europe, Asia, and South America. Nike realized it had to “authenticate” its brand in other countries, so it focused on soccer (called football outside the United States) and became active as a sponsor of youth leagues, local clubs, and national teams. However, for Nike to build authenticity among the soccer audience, consumers had to see professional athletes using its product, especially athletes who won.
Nike’s big break came in 1994 when the Brazilian team (the only national team for which Nike had any real sponsorship) won the World Cup. That victory transformed Nike’s international image from a sneaker company into a brand that represented emotion, allegiance, and identification. Nike’s new alliance with soccer helped propel the brand’s growth internationally. In 2003, overseas revenues surpassed U.S. revenues for the first time, and in 2007, Nike acquired Umbro, a British maker of soccer-related footwear, apparel, and equipment. The acquisition made Nike the sole supplier to more than 100 professional soccer teams around the world and boosted Nike’s international presence and authenticity in soccer. The company sold Umbro in 2012 for $225 million.
In recent years, Nike’s international efforts have been focused on emerging markets. During the 2008 Summer Olympics in Beijing, Nike honed in on China and deve.
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6. Constant Innovation
1. Their first products were track running shoes.
2. Nike has recently introduced cricket
shoes called Air Zoom Yorker,
designed to be 30% lighter than
their competitors.
3. In 2008, Nike introduced the Air Jordan XX3, a high-
performance basketball shoe designed with the environment
in mind.
7. NIKEiD
NIKEiD is a sub brand which allows customers to design and
personalize their Nike footwear, and is available online at
NIKEiD.com.
The NIKEID brand also has boutique stores in New York
City, London, Paris, Osaka, and Berlin. It has been reported
that the NIKEID business has more than tripled since 2004.
Presently, there are over 3,000,000 unique visitors at
NIKEiD.com per month.
8. Technology in Products(Nike+)
• Nike has historically had some of the most cutting-edge products on the market.
• Nike teamed up with Apple and launched the “Nike + iPod” line of products.
• This technology allows consumers to connect their iPod devices to sensors inside the shoes to record time,
distance, pace, and calories burned.
9. Strength of Patents
One of Nike’s most revolutionary technologies comes through its
footwear cushioning.
The cushioning systems in a shoe serve to distribute pressure evenly
among the foot, absorb shock, and deliver comfort to the user.
Nike has patents on four cushioning technologies:
Nike Air
Nike Zoom
Nike Air Max
Nike Shox
Although some of Nike’s earlier patents are beginning to expire, they
still hold patents on the newer technologies.
In the past, competitors have tried to match rival Nike’s cushioning
systems, but none have matched their success.
10. Under Armour Marketing
According to their Annual Report, their marketing and promotion
efforts begin with a strategy of selling their products to high
performing athletes and teams on the collegiate and professional
levels.
They implement this strategy through collegiate sponsorships,
individual athlete agreements, and by selling their products directly
to team equipment managers and to individual athletes.
As a result, their uniforms, batting gloves, socks and other items of
apparel are seen on the field, giving their products exposure to
various consumer audiences, through television, magazines and live
at sporting events.
This exposure to consumers helps them establish on-field
authenticity as consumers can see their products being worn by
high-performing athletes.
11. Nike Promotional Campaigns
•Without Using the words,
‘medal,' gold’ & ‘games’.
•No.1 with 4.5Mn
Views>Adidas(2.9Mn
Views)
•Nike garnered 23.6 Mn
views by the 4th day.
•Benefitted more than any
other brand.
12. The "Just Do It" campaign allowed Nike to further increase its share of the
domestic sport-shoe business to 43%, from 1988 and 1998.
Editor's Notes
Market location strategylocation could be classified as the role that organizations play in the target market and the type of Business tactics they adopt to play such a role. Market Leaders – Firms that enjoy the largest market share and generally leads others in new technology introduction, new product development, promotional practices etc. Such firms are likely to devise defense strategies to maintain its position and stay the leader.Creating new usesEncouraging more usage
changing target markets, repositioning products, or changing promotional focus.
Two different types of football shoes catering to different needs.
Think Nike's an Olympics sponsor? You wouldn't be the only one making that mistake. It's "Find Your Greatness" campaign manages to capture the Olympic spirit of competition without mentioning the Olympics, or words verboten in the UK like "medal," "gold" and "games." As the Olympic Games began last week, Nike's "Find Your Greatness" landed at No. 1 on the Viral Chart, with 4.5 million views (about 1.7 million paid). Compare that to Adidias, an Olympics sponsor, whose "Take the Stage" campaign, which arrived at No. 3 on the chart, with 2.9 million views, according to Visible Measures. Nike used similar tactics to ambush the World Cup two years ago with its "Write the Future" campaign. It garnered 23.6 million views by the fourth day of the tournament and stole buzz from Adidas in a similar fashion. A YouGov study at the time found that Nike benefitted more than any other brand -- including official sponsors like Adidas -- from the World Cup tournament.