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What Are The Pros, Cons, and Risks Associated With Nike's Core Marketing Strategy? Ans: Pros
What Are The Pros, Cons, and Risks Associated With Nike's Core Marketing Strategy? Ans: Pros
PROS:
Nike put heavily proportion in their marketing strategies and products deign.
and loyalty.
The high premium products are given to a certain distributors while leaving the low
priced to be sold at highly discounted price at the retail stores such as Wal-Mart.
CONS:
ANS: I would create a new product that has the smart function that can compete with Nike.
This product could more stuff besides keeping the record of mileage. They can give the user
advice how to maintain their health, warning about their bad habit or health problem, and
also give some suggestion about running for user. Keep lower price than Nike with the same
quality to attract customer. Nowadays, brand is not the only thing that customer are looking
for. They looking for product that have low price with best quality, because their buying
power so if Adidas could use this to compete with Nike they will gain some advantage.
Instead of invest a lot of money in marketing like Nike. Adidas could spend money in some
campaign like running for the poor people in that they could offer their product with a
discount price, also most of the prof it from that campaign goes to the poor people. This will
make them build their brand image to compete with Nike. Adidas could let customer
customize their product on the website, and encourage customer by let them join the program
that their design will be select as the limited edition if they have the most creative customize.
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