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Business Marketing Analysis

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This paper aims to analyse the market position, competitive advantage, and marketing strategy of NIKE.











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Uploaded on
August 15, 2023
Number of pages
20
Written in
2019/2020
Type
Other
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Running head: NIKE MARKETING

MKT306 Marketing Strategy


Marketing Analysis


SIM336

Name


Student Registration




Module leader:


Workshop Tutor:


Due Date:


The Word Count: 3719.

,NIKE MARKETING


Executive summary

Nike, Inc. is the largest sportswear and equipment manufacturer and retailer in the
world with a revenue of 36.39 billion USD in 2018. This paper aims to analyse the
market position, competitive advantage, and marketing strategy. The report contains
two sections. The first is concerned with investigating the market position of the
company, and the second the launch of a new product. Political, economic, social,
technological, environmental, and legal factors affect the business operations of Nike.
Marketing analysis assesses how the customers, suppliers, and competitors affect the
business of Nike. The major competitors are Adidas, Puma, Under Armour, Asics,
Fila, and VF Corps. Part 2 of the report launches the FXBoost (not a real name)
product to the market. It analyses the STP framework and recommends how the
company can achieve its marketing objectives.

, NIKE MARKETING


Table of Contents
Executive summary..................................................................................... 2
Part 1........................................................................................................... 4
Introduction................................................................................................. 4
Macro-environment analysis........................................................................6
Political..................................................................................................... 6
Economic.................................................................................................. 6
Social........................................................................................................ 7
Technological........................................................................................... 7
Legal......................................................................................................... 8
Environmental.......................................................................................... 8
Marketing strategy analysis.........................................................................9
Customer.................................................................................................. 9
Supplier.................................................................................................... 9
Competitors.............................................................................................. 9
Evaluation of current marketing performance...........................................10
Nike/Adidas rivalry................................................................................. 11
Competitive advantages............................................................................12
Part 2......................................................................................................... 13
Product rationale....................................................................................... 13
Product specifications................................................................................14
Segmentation Targeting and Positioning...................................................14
Segmentation......................................................................................... 14
Targeting................................................................................................ 16
Positioning.............................................................................................. 16
Marketing objectives................................................................................. 17
Recommendations..................................................................................... 17
Conclusion................................................................................................. 18
References................................................................................................ 19
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