the US which was founded in 1962 originally know as Blue Ribbon Sports. Nike is the world leader in the manufacturing of sportswear and gear with more than 47 market shares across the global Pros , Cons and Risks associated with Nike’s core marketing strategy : Most of the consumer of Nike's products is mainly athletic. Nike is the master of segmentation, their segmenting market typically target's athletes, both women and men “Nike +”Nike with apple consists of a pair of specially designed Nike+ shoes and a Nike+ ipad sport Kit. As a person runs, ipad tells the distance pace and calories burned via voice feedback that adjusts music volume as it plays Costly: Since Nike has implemented several marketing strategies, it had incurred high costs in promoting its products. The costs are increase among handling inventory, designing, advertising and production
One of the Nike's core marketing strategies is depend on a
group of athletes to promote its products.
it will attract the athlete's idolater to purchase the products
if Nike using a popular athlete as endorser. On the other hand, if the athlete were caught in drug addicted or any immoral attitude, it will affect the customers not to buy Nike's products, thus will affect Nike's sales Changes in Market Trends, Consumer Tastes and Preferences Expanding to the Overseas Ifyou were Adidas ,how would you compete with Nike ? >> Adidas will have to invest more money on advertising and create innovative means of advertising their product, having consumers in mind and following the trends of technologies, for example, Adidas can collaborate with IT to create innovative means of advertising their products. >>"Smart Shoe" With GPS system that enables runners to decide their accurate location, distance traveled, and speed from the shoe's GPS by wearing a small wireless GPS wrist strap. The shoes implanted memory can keep data about workouts such as average heart rate, body temperature, calories burnt Adidas should change its marketing strategies and products design to become more fashion and focus on the youth consumers Sponsoring with regional favorite sports and their favorite athlete