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Critical analysis of nike
Nike and its segmentation
Critical analysis of nike
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CAROLINE. Ever heard the name? A student advertising freelancer. (Still no clue). It was Caroline who designed Nike’s SWOOSH logo for $35 in 1971. (Today you will have to pay a little more than that to buy the swoosh on a pair of ordinary Nike sneakers.) Time ushers change and change requires the old to be replaced by the new. Business is no different; it has witnessed a fair share of evolution. Once upon a time, the quest was for everything tangible. Cash, real estate, machinery, inventory, investments were the means of defining the strength of a company.Today, wealth resides in the intangible. Companies spend millions to maintain their priceless goodwill, patents and most importantly, their irreplaceable BRANDS. You have just seen Nike’s humble beginning; now let us look at THE Nike which we are more familiar with. Today Nike’s brand value alone is more than 10 million dollars and without doubt its greatest asset is its logo. Scientifically it has been proven that the swoosh is more than just a feel good factor, it has the ability to light up your brain! ( had caroline known all this, would she have asked for a little more than the anonymity that she ultimately got.) How many of us aware of the people behind successful companies? While, how many of us cannot identify the big brands which make these companies important? The answers of these two questions in a subtle way state— Brands have become such a major economic force in the global economy that they have become more important than the very firms which sustain them. They have become the means of delivering market value, shareholder wealth, livelihood, prosperity and culture. You think I am overrating them? Read on. WOULD a woman who enters a Louis Vui... ... middle of paper ... ...the delusion of eternal happiness. I have brought you to the edge and have shown you whatever I was able to see. By now, I would almost seem like an advocator of some great movement against the marketing world. On the contrary, all that I have tried to do— is present facts and if I am allowed the luxury of opinion, then I personally find marketing a highly creative process with almost limitless potential to innovate. But then, when we do something—-we are always presented with a choice. We can do work the way it should be correctly done or the way we want it to be done. The decision almost always taken is obvious and yet, I do not lose hope because I sincerely believe in Newton’s third law of motion, which states that however elusive the truth (consequence) may seem, it never disappoints. “For every action, there is an equal and opposite reaction.”
Nike's Lance Armstrong, LaDainian Tomlinson, Brandi Chastain and Freddy Adu Share Thoughts on Revolutionary Nike FREE Shoes PR Newswire US
Those two running geeks are Bill Bowerman and Phil Knight. The long lived business partnership began in 1962 as Blue Ribbon Sports (BRS). Their first year sales were $8,000 and every year after proceeded to increase. In 1972 they changed their company name to Nike. The word Nike comes from the Greek winged goddess of victory. They have achieved victory over the past 30 years. Through those years Nike has remained focused on creating performance opportunities for everyone who would benefit and offered empowering messages for everyone who would listen. Nike has a great accomplishment of servicing human potential through sports.
Branding is defined as “the promot[ion] of a product or service by identifying it with a particular brand” (Merriam-Webster, 2015). Branding is also used to create a corporate image or brand by utilizing logos, corporate statements, and other images that will be associated with or displayed on all of that company’s products (Wolak, 2002). A brand is a valuable, enduring asset that is essential in creating and maintaining competitive advantage in an industry (Wolak, 2002; Murphy, 1988). This corporate asset can be just as important as the product or service behind it, because it carries name recognition and peace of mind to customers in the purchase decisions they make everyday (Hall, 2008). Brands essentially work as a “shorthand device” for consumers to evaluate product decisions by conveying a message of uniform quality, credibility, and experience
The name Nike is derived from the Greek goddess of victory which is exactly what Nike has over its competitors. Nike has been around for 53 years starting in 1964 and is the leading revenue sports goods company in the world with 34.35 billion US dollars in revenue in 2017. It is not only the biggest sports brand but also one of the three largest apparel companies in the world along with Christian Dior and Zara. It is such a prominent brand that almost everyone has used a Nike product in their lifetime. CEO Mark Parker wrote, “like athletes all over the globe, Nike’s future holds nothing but limitless potential”. Everyone is confident in Nike and their ability to continue creating and producing high quality products that everyone can enjoy.
The Swoosh logo was created by Caroline Davidson in 1971. Davidson was asked by Phil Knight, co-founder of Nike, to create a logo that could be placed on the side of the shoe. She gave him the Swoosh, and he in return gave her $35.00. When the Swoosh is inverted and placed next to the wing of The Nike of Samoth...
In order to understand Nike’s success one needs a brief history of the company. Two entrepreneur spirited men, Bill Bowerman and Phil Knight, established Nike, Inc. They met in 1950, where Bowerman was a track and field coach for the University of Oregon, and continually sought ways to “give his athletes a more competitive advantage.” There he met Knight while he attended the University of Oregon. Knight however obtained an MBA in finance later at Stanford. Knight persuaded the Onitsuka Co. in Japan, the manufacturer of Tiger shoes to make him a distributor of Tiger shoes in the United States. Knight sent Bowerman several pairs out of his first shipment in the hope Bowerman would buy some, instead, Bowerman offered to make Knight his partner and provided him with his footwear design ideas. (Nike, Inc. History, 2013)
Nike is one of the biggest footwear and apparel manufacturing companies in the word. The company came into existence in 1964 by Bill Boweman and Phil Knight and named it as the Blue Ribbon Sports. The company changed the name to Nike, which is Greek word meaning victory, in 1972 after producing a good brand of shoes that became popular among the athletes (NIKE, Inc., 2001). Since then, the company has been successful, dominating the world market of athletic shoes. The company’s products are sold in more than 170 countries across the world. The company also sponsors various sports events at national and international levels. The company slogan “just do it” is catchy and attract many people tom buying its products. This makes the company to grow continuously due to wide and stable customer base.
It’s because when I sport the Nike swoosh, I feel as if I representing the Nike brand and the beautiful, driven, fit women I see in their advertisements. Feeling this way gives me the inspiration and confidence to play my best. I feel as if I identify with the women in the advertisements by wearing Nike. “The relationship between persons and the product remains one of the most crucial signifiers within advertisements. Persons in advertisements supply the consumer with a certain identification frame—whether the person is presented as a user or is presented within a lifestyle setting, the viewer is invited to identify him/herself with the presented person.” 202 Brand Culture. The Nike brand does a great job at doing this to their consumers to create brand loyalty. Nike brand users, just like myself, see the athletes using the brands and feel a certain connection to them. Brand loyalty should not only be a goal for brands because of the benefit of having their logo advertised on consumers who fit within their target market, but also for PRICE SOMETHING ECONOMY
Branding is the talk of the town. Conglomerates spend millions on planning and implementing brand activities. New survey is published and contexts are developed on a daily basis in the effort to find the holy grail of brand management. Since the mid-80s, in general, researchers and specialists alike have explored the domain, scope and latent of the brand. Many different concepts, theoretical agendas and ideas have seen the light of day and, as a result, a wide band of different perspectives on how a brand ought to be conceptualized and managed is in play today
Nike is a company-- young and yet mature--developed and respected by popular athletes both past and present, whose icon remains a "swoosh" printed both large and small on many different forms of apparel. The "swoosh" constitutes a dream of being the best bec...
During my search for secondary sources, I discovered that Nike has two product lines in thecompany¹. Nike has ‘Nike Sportswear’ to focus on fashion and style, and most of the other product offerings are based on performance. Nike Sportswear has a logo that includes the signature swoosh and words ‘Nike’ under it. The regular Nike performance line has just the swoosh included
A company’s brand is one of its most valuable assets (Green and Smith 2002). Brands owners invest millions of dollars every year in advertising and promotion to raise awareness and create demand for their brands.
Nike is arguably the number 1 sports brand in the world and its famous ‘swoosh’ logo is easily recognized.
Bill Bowerman was a coach at the University of Oregon. During his time at the University of Oregon, he had the opportunity to coach numerous talented athletes, including several Olympic Gold Medalists: Dyrol Burleson, Otis Davis and Jim Grelle. The Nike “Swoosh” logo made its debut in the spring of 1972, when it was featured on the side of an athletic shoe. In 1995, it became a registered trademark and has since become the fashionable identity of the Nike Company.
It is more and more apparent for companies to start changing with society. This trend of “loss of identity” is a more common one than most realize. It has become strictly about quantity rather than most importantly, the company’s quality. Not to say that change is a bad thing, but more that the reason for change being the problem. Change can conflict with cultural means, or sometimes, moral means, causing strain to occur between companies and society. Thus leading to the repetitive cycle of a company having to reinvent itself every time a new social one cultural change occurs. Ultimately, modern