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Nike's Core Competency: The Risky Business of Fairy Tales
Nike's Core Competency: The Risky Business of Fairy Tales
Competency
The Risky Business of Fairy tales
S I T U A T I O N
Opportunity
Strength
• Nike sponsored the super stars
• Nike is the undisputed leader in
and the rising stars to be known
the athletic shoes and apparel
to their fields.
industry.
• Nike got the Brazilian national
team in soccer
Weakness
Threat
• Nike's "heroes" become
• Nike's most celebrated heroes
unmasked as cheaters, frauds,
could damage the company's
and criminals.
reputation and lead to a loss of
• Nike alleged to have paid some
competitive advantage.
$30 million
P R O B L E M
OPERATIONS
TECHNOLOGICAL
POLITICAL
•Innovation of running shoes and
•Increase market share for running
adopting other sports-related
shoes in the United States
products (Ex. Rehydration drinks,
sports apparel)
ECONOMIC
E N V I R O N M E N TA L
•Annual revenues doubled SOCIAL
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•Sponsor athletes that succeeded
against the odds
•Usage of social media platforms to LEGAL
promote their product
•Alleged for bribing soccer officials
and politicians in Brazil
P O L I T I C A L •Increase market share
•Scandals of Nike's heroes
for running shoes in the United States
D E C I S I O N
MARKETING
1. Develop more marketing strategy rather than focusing all the promotion
budget on one marketing strategy.
Make new
endorsement Endorser’s They will get
with different & Marketing 3 months back the
persons
Marketing Department - 1 year customers
(artist, new
sport staffs loyalty again
superstars)