1.0 Executive Summary
BLG Athletic Apparel is a sports apparel retailer based in Worcester, Massachusetts. BLG offers the most comprehensive selection in town. By offering the most complete selection as well as a knowledgeable support staff, BLG will quickly gain attention in the market and grab a share of the market. Worcester was chosen because of its diverse, active population. Worcester is full of people who are looking to sport to better themselves and social interactions. BLG Athletic Apparel is a Massachusetts based L.L.C. primarily owned by Branden Greb.
Keys to Success
BLG Athletic has identified four keys to success that they believe will be influential in reaching profitability. The first is the need to meet the customer 's wants by offering the most wide-ranged selection and informed staff. The second key to success is to observe the competition in an effort to ensure distinction. The third is related to the fiscal systems of the organization, purchasing the right products and hiring the best employees will be instrumental. Lastly, expanding the company when able to while still maintaining our values.
Competitive Edge
BLG’s competitive edge is its unparalleled collection and staff understanding. This is significant because no other store in the area offers the extensiveness within multi-sports as BLG. The type of participants that partake in a variety of sports do so as a part of their lifestyle. As it being a part of their life, they look forward to enjoying
These firstly include Boosting the customer experiences. The company has wanted to create a simpler, faster, smarter and a safer experience possible, for its customers. This is then followed by being able to provide intuitive mobile experiences. This is by being able to be first to market these interactions across to the marketplace. Building new, compelling and unique sports products, is another factor of the strategy utilised by the company for its marketing. Finally, they want to be known by their customers for being fun, fast and fair. This is enabled by engaging and entertaining customers with their brand, and experiences (Williams,
The All-Star Footwear executive team worked well together to create a high-performing corporation, which excelled in competing in the athletic shoe global market. Due to the strong execution of each member, we secured first place in the BSG simulation and learned about competitive analysis in the process.
Lululemon Athletica Inc. thrived off its 5 key elements in their growth strategy which helped to acquire a stronger revenue base that enabled them to have a differentiated product line,design and culture. Trademarked fabric and technology helped their brand loyalty which enabled them to get products in and off the shelves in a 2 month period. Additionally 95% of its inventory was sold at regular price. This was attainable because of the strategic multi-channel approach used to enhance its market presence
Being ahead of other competitors is another strategy that JD Sports enclose to become more successful. A business keeping ahead of the competition can evidently show customers that this particular business offers excellent products as well as providing outstanding service to reach customer needs. To keep ahead of competition JD Sports employ large amount of staffs due to the fact that all customers get the attention from the business and get the exact performance of
The company must work on strengthening its position among gymnastic clubs to avoid losing its competitive advantage. Innovating and expanding the customer base is very important in such environment. Maintaining lasting relationships with existing customers and reaching out to potential new participants must continue to ensure
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Over the past twenty-five years we have had to reinvent ourselves many times. The first surge was with the Waffle Trainer and the running craze. When that slowed, we thought we ran out of market. We had another surge with basketball behind Michael Jordan, and cross-training with Bo Jackson. Then again, we Thought our growth was dead. Another surge came in 1995, when Nike became fashionable and athletic urban wear became king. But,that too ended in early 2008, as did the health of the Asian economy. There we were, with an over-extended brand. Each time we reinvented our company. In 1995, when we reached $3 billion in sales, we said $5 billion was the absolute limit. Three years later we were closing in on $10 billion. Each time we did succeed it was due, in part, to
PSG operates within the ‘Sporting Goods’ manufacturing industry. This industry can be characterized by low growth, low margins, and stiff competition. Due to fierce global competition based on brand, price, quality of products, and technology, the industry has experienced a difficult operating environment. Sales and profit levels have suffered due to the saturated domestic product market, coupled with high competition from global
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In order for Nike Go to be successful in the sports and energy drinks market,
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Business level strategies are plans that a firm forms to describe and project how it intends to build a sustainable competitive advantage, over its competitors in a discrete market (Furrer, 2010, p. 1). These strategies have changed the nature of competition in industries, and paved way for further developments in product quality and cost. Business level strategies employed by Nike work mainly in two forms, that is, competitive strategies and corporative strategies (Furner, 2010, p. 1). By looking at the different business level strategies Nike has employed, this essay will explain how it has had such a massive impact in the Sports and Apparel industry it now leads.
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The management of Sports Products Inc. should pursue maximization of shareholders’ wealth as its paramount goal. As far as we know, the stockholders are the owners of the firm and the ones bearing the most risk in running it. In line with this, the board of directors and/or the management is