Upload
gaurav-bansal
View
216
Download
0
Embed Size (px)
Citation preview
When did Nike originate?Founded in 1964, as Blue Ribbon Sports, by Bill
Bowermann and Phil Knight and officially became Nike, Inc. on May 30, 1971.
Company’s main focus was on providing HIGH quality running shoes designed for
ATHLETES by ATHLETES
How and where did it taste it
first success?
Nike believed in a ‘pyramid of influence’ in which the preferences of a small percentage of top athletes influenced the product and brand choices of others.
First breakthrough came when they signed up then rookie Michael Jordon in 1985 and marketed its Air Jordon line of basketball shoes
• 1988 : Nike aired the first ads in its $20 million “Just Do It” campaign.
• Used segmentation strategies to promote its brand overseas in Europe.
• Nike tried to penetrate into the overseas markets by deeply involving with the target segments.
1. CampaignsNike teamed up with seven time Tour de Fance Champion to sell Nike products and help him with the campaign
Cons and Risks• Ever increasing
competition
• Huge number of fake products
• Huge expenditure in marketing of new products
• Target into areas in which Nike is weaker, for example, emerging markets and create high brand equity.
• Price compete directly with Nike, keep prices a bit lower than Nike for similar products
• Bring products diversity
• Effective use of ads and social media to market the products
Summary
• When and how Nike was established
• How did Nike capture the markets around the world
• The two important questions related to Nike