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Nike success story.pptx

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Nike success story.pptx

  1. 1. NIKE Oksana Hrunyk AP-23b
  2. 2. Nike is successful because it has some of the best, if not the best, marketing in the world. The Nike business strategy is clear, invest in building your brand through emotional marketing and sports celebrity endorsements, develop products that have high-quality, market-leading technology and buy out competing sports brands. NIKE SUCCESS
  3. 3. Nike sells a lifestyle, it taps into an emotional part of the consumer that wants to aspire to live healthier and to find their own "greatness". It is noted that Bill Bowerman did not sell his shoes with his marketing strategy, but the emotional benefits of feeling good about jogging and healthy living. Nike mentions their product minimally in their advertisements, but focuses on the benefits of exercise. Nike Focuses on Selling the "Emotional Benefits" of their Product
  4. 4. Nike has a variety of sporting products for everyone. This includes sports equipment and apparel for baseball, ice hockey, track and field, soccer, surfing, yoga, tennis, basketball, skateboarding, cycling, volleyball, cheerleading, auto racing, aquatic activities, cricket, and golf. In addition to shoes and sport equipment, they also provide clothing (tracksuits, sport shorts, and casual clothes such as shirts, jeans, jackets, socks, hats), watches, apps, backpacks, purses, wallets, gloves, sunglasses, hair-bands, scarves, belts, etc. Not only does Nike have a variety of options of products, but Nike also owns Hurley, Converse, and Jordan brands. By offering more products to more people, in more markets than any other sports company, they are able to capture a far greater market share of the market than any other company. Nike Provides a Wide Variety of Products To A Large Number Of Sports
  5. 5. Nike Focuses on Product Quality and Creating Products that Help Athletes Perform Better Like most leaders in the market, Nike values the consumer and the importance of providing a quality product. Nike quality and durability is a critical part of their strategy to be able to command high prices for their products. Their brand is associated with providing top-notch product for athletes that help them perform better. One article notes how Nike has been consistent in their message to consumers that they stress the importance of their needs and preferences. The message to consumers is that Nike wants to make your life better at something you are passionate about (whether that is basketball, running, jogging, etc) and to improve your overall health.

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