Monday, December 10, 2012

Business Marketing


Nike’s Global Procurement team manages the procurement process including selecting and contracting with the right suppliers for the right indirect (non-product) goods and services. Nike cooked up the shoes that made it the star of the $35 billion athletic footwear industry. In this think tank for sneakers. Nike's sponsored athletes hailed from all over the world. They took home a lot of hardware from Athens, including 50 gold medals and dozens more silver and bronze. If competitors want to get hung up on what exactly Nike's selling, that's O.K. It's all Nike to them. Nike sponsors many high-profile athletes and sports teams around the world, with the highly recognized trademarks of "Just Do It" and the Swoosh logo.

Sunday, December 9, 2012

Segmenting and Targeting Markets


Nike identifies the market and segment depending on the product that they are selling. Nike mainly utilizes Demographic Segmentation in order to sell their products. To do so Nike focuses on creating premium consumer experiences on product innovation, brand leadership and elevated retail presence. Nike is targeting further geographic expansion and farther marketing penetration in all regions. The company has been known to invest heavily in advertisements and brand promotion. Nike's big sport by all means has to be basketball which ever way you look it its where Nike builds its popularity although they do gain some credit for tennis and running but basketball by all means is Nike's key sport.

Developing and Managing Products


The company, with one of the world's most identifiable logos - the 'swoosh', is a leader in sports equipment research and development. For Nike to begin their product developing process for a new product they begin with comprehensive systems thinking around the domains of design, manufacturing and the life cycle of a product, including the possibilities for closing the loops on material, product use and end of life. The more it sells Nike builds a commercialization for a broader crowd and having a product life cycle (PLC). Their main goal is to get the best product at the best-cost point, and delivered on time.

Sunday, November 25, 2012

Integrated Marketing Communications


Their integrated approach includes traditional advertising such as, billboards, magazines, and television. Sponsoring sporting events and players, such as the super bowl and Tiger Woods. Nike engages in online marketing initiatives by allowing consumers to consumers to customize their shoes though Nike id. The ads not only got a lot of attention, they also worked. Sales went up: Mike Wilsky, Nike's vp of U.S. marketing, was quoted in Sports Illustrated as saying that the shoe, the Air Cross Trainer II, "immediately shot to No. 1 in Nike sales" after the ads debuted, outselling the second most-popular shoe by a 10-to-1 margin.