Thus, conducting an economic analysis of a company helps a lot in understanding the positioning and performance of a firm with respect to economic variables. This essay provides an economics analysis of Nike; covering various economic factors, including price elasticity of demand, competitive advantage, supply and demand, substitute, market share, and market structure.
The company sells athletic apparel and athletic footwear across the globe. Nike sells its products to retail accounts, via their personally owned retail stores as well as online sales and using a blend of independent licensees and distributors. It sells its product in around countries across the globe. The firm focuses its product offerings in 7 major categories: In addition, Nike also markets the products designed for children and for other recreational and athletic uses, for example cricket, baseball, football, cricket, golf, lacrosse, tennis, volleyball, outdoor activities, wrestling and walking Nike - Company Portfolio, ; Reuters, Nike designs athletic footwear products mainly for particular athletic use.
The firm sells sports accessories as well as apparels, and athletic accessory items and bags. Nike also markets apparel with licensed college and professional teams. Besides, company also sells performance equipments such as timepiece, devices, eyewear, sports balls, and several others. Nike sells its products directly to customers via Nike Financial Plan www. Free research that covers company ownership nike Nike Functional Analysis www. Free research that covers introduction nike's Flyers did with the baby boom kids in the 's.
They attempt to convince consumers that simply by wearing their shoes you can run faster and jump higher and, whether you are wearing them for "padding around the house or driving to the local 7-eleven", you are "allied with those who spend hours a week honing their bodies".
Only they simplified that message by saying to those consumers: That is a very broad statement and one that most likely caught the attention of a lot of people. Nike was telling consumers just to do their own thing and be themselves and we would all find common ground as long as we were all wearing Nike sneakers.
Many of Nike's customers are young women. In fact, they have so many women customers that they, wisely, came out with a Nike Women line a few years back, in order to target those consumers more appropriately. I fit into their target market because I am a young, active, adult female, interested in health and fitness.
Also, growing up in the time that I did Nike's mission statement of inspiration and innovation could not be more appropriate. As I and others in my age group have matured we have watched technology mature as well. Computers went from black and green screens to become the world's information super highway, video games went from Atari to Sony Play station IIthe innovative, technological advances go on and on.
Why should the shoes we wear be any different? Since becoming an environmentally-friendly company, Nike has been using social responsibility as strategy. For instance, this fall, Nike was running a "re-use-a-shoe" program, "recycling athletic shoes for noble purposes". Another strategy they use is allowing customers to be creative and unique by designing their own shoes. Last Spring, Nike had a "shoe-building event" in Times Square.
People were invited to dial a phone number, linking them to the live Reuters sign. The product shown would be available in 60 seconds. Page 1 of 6. Read Full Essay Save. Only available on ReviewEssays.
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Free nike papers, essays, and research papers. Nike and Its Ethical Behavior - Phil Knight started his shoe company by selling shoes from the back of his car.
Free Essay: Nike Research Paper By, Mykle Rud The story of Nike and how it came about is remarkable in the sense of it was just a random idea that Phil. The free business research paper (Marketing analysis for Nike essay) presented on this page should not be viewed as a sample of our on-line writing service. If you need fresh and competent research / writing on business, use the professional writing service offered by our company.
Read this essay on Nike Research Paper. Come browse our large digital warehouse of free sample essays. Get the knowledge you need in order to pass your classes and more. Only at drossel.tk". Nike This Research Paper Nike and other 64,+ term papers, college essay examples and free essays are available now on drossel.tk Autor: review • February 5, • Research Paper • 1, Words (6 Pages) • Views5/5(1).