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Effects of globalisation on Nike
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Introduction
Sneakers are a kind of shoes which sole are flexible rubber, and the upper part is made of leather. These types of shoes were designed for outdoor activities mainly as sportswear, but over the recent years have seen changes and modifications and are worn modernly for functions that are not formal. They were worn during sporting activities such as tennis, basketball, baseball, athletics and other physical sports.
In England, these kinds of shoes are known as “trainers.” The names vary in different English-speaking countries in Africa, Australia, and Asia. In the old British English, they were referred as “plimsols” (Jones, 2006). This is because of their resemblance to the waterline of a ship. The waterline is used to mark up
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The name sneakers came by the fact that these shoes were quiet being made of rubber soles. The upper part of the shoe made of canvas was below the ankle, but as time went by, the top was made to reach the ankle or just above the ankle. The design started to vary depending on the use of the shoes, most of them that were gripped were used for sporting activities especially track events. There was massive development on the sneaker shoes due to competitions from various brands such as Nike and Adidas. The events include making the shoe lighter, appealing to the eye and comfortable hence can reduce the probability of occurrence of some diseases such as osteoarthritis (Kerrigan, D. C.et al, …show more content…
Sneakers have now become an art that attracts people like other arts such as photography and fashion. This has turned sneakers into an industry that is fast growing, and a sneaker culture is now on the rise. Like fashion, the sneaker is industry is growing each day with new designs each day from the different brands. When a store acquires a limited edition of sneakers, people camp outside on queues waiting for their time to be served.
To avoid queuing in lines of popular sneaker retailers, online marketing is also available. One can sell their sneakers anywhere on the globe. Hence, the online marketing has expanded the target market from a residential or a state to the whole world.
Availability of software that aids in this transaction has also reduced the risk of risks. An example of the software is called “Campless.” This software enables the seller to analyze data of how their stock is doing and their history. This data can be used to acquire insurance from banks. This software also obtains data from other websites to come up with an estimate of how much a particular sneaker should go
When you see this beautiful, comfortable, high-top black and white pair of sneakers, you see greatness. You can wear them in a suit, or play basketball games in them, or be like me, and just want them forever. The shoes are size 7, and weigh no more than three ounces. The stitching is so perfectly straight and pearly that it resembles models’ teeth. The laces are jet black like the eyes of a demon.
The blueprint of a Nike Shoe originates from the Nike Research Lab located at the Nike World Headquarters in Oregon. At the Nike Research Lab, researchers carry out various tests in biomechanics, physiology, sensory in order to customise the product to suit the best interest of the clients. In addition, various factors such as geography, age, gender are also taken into account in order to cater to appeal to the preferences and needs of different segments of the market. For example, according to the Lab, runners in the United States prefer hard surfaces while those in Europe prefer trails and thus this will affect the compositions of the footwear sold in different regions. The latest innovation of the Research Lab, the NikeFree Shoe enhanced overall athletic performance by stimulating the effect of running barefoot with added features which enabled the strengthening of muscles and lowering the risk of injuries.
While reading the De-Orbit Burn module book, I noticed that the origin of the modern midsole for athletic shoes originates from lunar boots used on Apollo missions (Texas, 2013). As a distance runner, I was interested to say the least, so I immediately looked up the correlation of lunar boots to athletic shoes for myself. It did not take long before I came across an article by Jim Sam entitled Technological Spinoffs: Spinoffs from the Space Program. According to this article, “Technology originally developed for the boots worn on the moon, has now been applied to athletic shoes in the mid-sole section. The technology improves shock absorption, stability, and motion control,” (n.d.). It was then that I realized that, thanks to athletic sneakers, we are all walking in the shoes of astronauts.
Product: As an athletic shoes producer, they try to provide better quality and more comfortable shoes that fit to the sport player through research and development. By claiming their shoes meet the physics need of different sports, which help the sport player to maximize their ability by protecting them and reduce the sport harm.
L.A. Gear is an athletic shoe manufacturer that is struggling in the athletic footwear industry. The company is ranked number three following Nike and Reebok. L.A. Gear is well known to its female customers due to their fashionable shoe line. To be able to gain some ground on the other shoe manufacturers L.A. Gear is going to have to develop a men's shoe line and capture some of the male buyers. This is not going to be an easy task since Nike and Reebok spend an extensive amount of money on their advertising campaigns including celebrity spokesmen. L.A. gear not only needs to capture the male buyers but they also need to maintain their female customers so a delicate balance is needed. An extensive research and marketing campaign will be necessary to penetrate this market and still maintain its loyal customers and brand recognition. Once the research is gathered a full scale marketing campaign will follow once the new direction of the company is determined.
SHORT CASE SUMMARY Nike, Inc. (503-671-6453, www.nike.com) is the worlds #1 athletic shoe and apparel seller. Nike currently employs 20,700 employees, with total sales of $8.78 billion. Nike and the athletic shoe industry have evolved into one of the most competitive market in recent years. But, analysts believe that athletic shoe sales will slow down over the next few years. The slowdown will come with the change in consumer trends. For instance, the younger market is beginning to buy more casual shoes and work boots. Another reason for the slowdown is that people are buying more medium priced athletic shoes and not going for the high price brand name shoes. As a result, this is bringing Nike a lot more competition to surpass. In order for Nike to remain on top of the athletic shoe industry they must establish an exceptional global strategy. If Nike penetrates the global market successfully than this will give the company an overall competitive advantage. Nike doesn't only sell athletic shoes, but a wide variety of sporting goods and clothing. They also design, develop, and market high quality active sports apparel, equipment, and accessory products. Their huge lines of products are designed for just about every sport in existence. Their products are made for men, women, and children of all ages. Nike has 20,000 retail accounts throughout the U. S. using independent distributors and also has contracts with 110 other countries. The company also has agreements with Internet companies and subsidiaries. Nike, Inc. has many retail outlets around the world, including their famous outlet "NIKETOWN" located in major cities. "NIKETOWN" gives customers the experience to become more educated on the company's goals and objectives for their products. The store educates its customer while at same time entertaining them too. This store gives customers a chance to become more brand loyal to Nike, Inc. Over the years Nike has gained an enormous amount of consumer awareness that they have eliminated the company name from all other products. The "swoosh" logo is automatically associated with the company name by just about anyone in the world. The meaning for Nike has lived up to the company's expectations. Nike means "the goddess of victory," which is exactly what the company has had since its creation. HISTORY A competitive runner, Ph...
Nike’s goal is to remain unique and different from others in terms of the items offered on the market. Arguably, Nike belongs to a monopolistically competitive market as there only a few organizations with the ability to regulate the amount charged for their product which means they cannot make their prices high as this is likely to make customers move on to other available choices (Nike, Inc., 2012). However, Nike can find a balance between the prices to charge for their products and remaining competitive with other companies in the industry. Nike has formed a distinction between the appearance and performance of their footwear and that of their competitors. Although products are differentiated from other companies, they still influence each other because they are items of the same
Today I will talk about the sneaker market and sneaker resell. Some people think that the sneaker market is rigged or overpriced, others think that it's fair and others don’t care how much the sneakers cost. I’m going to tell you whether you should care or not about how much shoes cost and How much it cost to make those 1000 dollar shoes cost that you have on right now.
Nike has the most uncomfortable shoe out there and that is the Jordan shoe. They’re so many complaints about it being the worst shoe to wear, because of the comfort of the shoe, the padding is just horrendous and you’re unable to wear the shoe for hours. Adidas on the other hand has boost technology which is hundreds of nuggets of super-springy thermoplastic polyurethane. What it basically does is it absorbs all the stress of your feet pounding against the pavement. Almost every shoe is made with boost technology, especially the yeezy shoe, which makes it one of the most comfortable designer shoe out there. “BOOST is adidas’ most innovative cushioning technology using a material called thermoplastic polyurethane (TPU) that compresses under pressure for better shock absorption and instantly bounces back to its original shape.”(What is Adidas BOOST technology.)
Inventories can also be depicted, and quantities listed. With the proper programming, once an item is ordered, it is subtracted from the inventory, thus showing the proper amount that is actually available for sale. The Internet and international business is an interesting topic- discussing an area of business that will probably be around for many years and possibly centuries to come. Since its earliest days, the Internet has been a means of communication, an essential tool in almost instant communication.
The Shoe Industry consists of a multitude of footwear categories, varying in utility, style and occasion. When overseeing the market for the shoe industry, we must look at the influence of all shoe trades universally to comprehensively understand how the disparities in sales relate to the needs of specific regions. The global retail market within the shoe industry currently represents $185 billion, driven primarily by Asian and Latin American economies and is expected to reach $211.5 billion by 2018. The growth rate globally was 6% between 2004 and 2008, contrasting to the 2% compound annual growth from 2008 to 2012. The United States holds over 24% of the overall industry size it projected over $48 billion in annual revenue in 2012. Domestically, the growth rate has been flat at 0.3%. On a unit volume basis, global footwear consumption for 2012 is approximately 11,421.3 million (in pairs), where the United States makes up roughly 2,741.1 million (in pairs). By 2018 the U.S. Census Bureau has forecasted a steady decline within demand domestically of 3% and an increase of 1% globally.
This project concentrates on the Nike Sports shoe; Nike is one of most significant shoe manufacturing company worldwide. Sportswear manufactured by Nike is known for quality and is most liked brand of athletes. (Daniel, 2011)
The very first pair of shoes was created many years ago. Its purpose was to protect the feet from rocks and debris and also to provide warmth. It was created in a very simple form. People used to make shoes by wrapping their feet in dried grasses, straws, cowhide and leathers. Later on, pieces were developed from an oval piece of leather which was bound by a piece of strong leather strings. This may have looked like one of today’s sandal...
What's in a shoe? Perhaps it was originally intended to protect one's feet from the elements but today the shoe has evolved from its practical origins to grandiose heights, and at the highest level is of course, the high heel. Heels are not something one simply wears on their feet, but a passion, hobby, personal expression, source of authority, sexual independence, staple of gendered feminine culture, mark of flaunted femininity, psychologically empowering, and joy. Women choose to wear high heels for many reasons; the key is that they indeed are the ones who proactively choose to endorse the high heel, often at the expense of their own physical com...
Athletic shoes are worn by many people of different sex, age, and size. Athletic shoes are something that is very comfortable to wear and have give people’s feet the right support. Athletic shoes also help people perform different activities better and at ease, an example is running shoes. Running shoes help people perform the activity of running better. People who do sports such as track wear running shoes so that they can get the right boost from their feet when running and to be able to run for a long amount of time without their foot getting a cramp or their soles not cooperating well with the track. Football and baseball players wear athletic shoes called cleats so that they can get the right amount of traction on the field when their running so that they don’t slip and fall on the slippery