Essay on Nike Marketing Plan - 1729 Words

Austin Wang Dr. Sean Jasso Section 22 May 24, 2012 Marketing Plan Stage 2 Nike: Executive Summary: - Bill Bowerman and Phillip Knight found the company as Blue Ribbon Sports in 1964 - Changed the name to Nike in 1978 - Nike Headquarter is located in Beaverton Oregon - Global marketer of footwear, apparel, equipment and accessory products - Offers footwear and products to sports such as tennis,golf, baseball, football, bicycling, volleyball, wrestling, cheerleading, aquatic activities, hiking, outdoor activities and other athletic and recreational activities -Nike is the number 1 distributor of althletic footwear bringing in 20 Billion in 2011 -materials Nike flywire, Current Marketing Situation: Segmentation: - Nike†¦show more content†¦- consumer price sensitivity is a potential external threat to Nike Short-Term Objectives: - Nike Athletic Footwear recently release their new shoes like Nike Free Trainer 5.0, Nike Zoom Kobe VII, Lebron 9 PS Elite, Nike Zoom KD IV, Nike Shox Gamer, Nike Lunar Spider, etc. - All these shoes will significantly increase their revenue because of its brand value and their high price represents that they have the best quality shoes that is out there. - Nike should receive more sponsorship of tennis and running as they are not as popular as shoes from other sports. Long-Term Objectives: - As it is already the number distributor of athletic footwear, it is their job to maintain that position as long as they can - â€Å"Nike brand’s share among leading footwear brands in the U.S. athletic shoe market, its top market, has risen 1.6 percentage points this year through June 18 to 43.1%, according to SportScanInfo data compiled for Susquehanna Financial Group† (Market Watch). -Because of Nike innovation and athletic shoe trends in the industry and upcoming London Olympics and European Championships, the athletic shoes will continue to produce sales and will have a better promotion of the Nike brand. - â€Å" Nike’s future growth should continue in the double digits and remain solid in theShow MoreRelatedMarketing Plan Nike3380 Words   |  14 PagesINTERNATIONAL UNIVERSITY COLLEGE Sofia MARKETING PLAN Market entry/grow opportunity for Nike in Bulgaria INDIVIDUAL ASSIGNMENT Coursework in MARKETING Student registration No: 20019402 Program: MBA Lecturer: Dr. V. 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