MARKETING MANAGEMENT ICA 1
PROJECT TITLE:
Converse
Table of Content
Table of Content 1
Executive Summary 2
Company Profile 2
SWOT Analysis 3
Marketing Offer and Philosophy 4
Target Customer Segment(s) and their Needs / Demands 5
Competitors Analysis 5
Marketing Strategies (4Ps) 7
Strengths & Weakness of Marketing Strategies 8
Recommendations / Suggestions for Improvements 9
Conclusion 9
Appendices 11
Executive Summary
Included in the company profile is the information obtained with regards to organization.
Next, the SWOT analysis is done on the internal factors such as the strength, weaknesses, and external factors like the opportunities and threat faced by Converse.
There is also
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Many power lifters state the lack of elevation in the heel provides better support during squats and Dead lifts. Moreover, the lack of elevation reduces the range of motion during the dead lift; often allowing more weight to be lifted by shortening the distance the barbell must be moved. They are also popular among Kettle bell and Olympic weight lifters for the same reasons.
Weaknesses
Converse has fewer product lines as compared to their competitors, which means they are limited to only a small segment of customers.
Soccer can be considered one of the most popular sports in the world and so there is a great demand for soccer boots. Although Converse is a sports brand, it did not capitalize on this point hence losing a big market share to the others.
Opportunities
Fans of punk rock have adopted the sneakers as a fashion trend in the late 1970s and many popular punk rock bands have supported the trend by wearing them. Recently there has been a re-adoption of them in modern Punk Rock and ‘emo’ fashion. They have appeared in numerous films and videogames, as well as TV shows.
Originally seen as being worn by those in to a rock music scene, the market is growing to various, younger scenes,
Read Ch. 4 of Basic Marketing. Read Ch. 9 of Basic Marketing. Read Ch. 10 of Basic Marketing. Read Ch. 17 of Basic
sale of Nike’s high-margin products to high-end customers. Regardless of the low cost of the World Shoes, they
There are many subcultures around us but there is one that gets people's attention the most. This subcultures is mainly inspired or mainly used by “basketball players and young adults” (Martin). Sneakerheads culture impact on society by giving young adults respect for having “ the latest and limited sneakers” (Martin). The subculture sneakerheads started in the “early 70s and late 80s” (Martin). This trend was “part of Burgeoning B-boy and Hip-Hop movement of N.Y.” (Lammle).
Sportsman Shoes has been a leader in the shoe industry for more than thirty years. Sportsman manufactures and sells athletic shoes for all types of sports. The company has pursued a low-cost strategy in order to sustain their success. They sell a limited number of shoe designs and have held costs low through manufacturing efficiency and standardized operations. However, the past five years have been a struggle at Sportsman. The shoe market has seen a rise in the availability of low-cost imported shoes that has threatened Sportsman’s competitive position. As a result, company executives have decided it is time for a strategy shift.
Obviously, there is a big number of driving forces in the athletic footwear industry. Each of these driving forces has different impacts—some of them can have a more considerable effect than others on figuring out how much cross-company differences influence market shares and a number of units sold. The first line of most influential factors includes comparative prices, S/Q ratings, and a number of models offered among the footwear competitors. These three most important competitive forces affect customer decisions of which athletic footwear brand to choose. Furthermore, the decisions of customers whether to purchase one brand or another are also influenced by such forces as advertising, celebrity endorsements, the number of independent retail
Since the late 1970s, Hip-Hop fashion has changed significantly over the years. As the future approaches it has become a prominent part of the fashion world as a whole across the world and for all ethnicities. During the 1980s, fashion consisted of clothing items like large glasses; Kangol hats multi-finger rings and Adidas sneakers. These items were worn by the "big" hip-hop stars like
In SWOT analysis Strength and Weaknesses are depends on Internal factors and Opportunities and Threats Depends on External Factors of and Organization. SWOT analysis is useful in decision making about the organization going for any new or existing project.
Did you know that the converse was originally an athletic sneaker? According to “11 Facts about Converse Chucks” when converse debuted in 1917 they were athletic sneakers. History has changed where people wear converse because many things have been affected. For example, the reason people wear converse has changed from basketball to style, name change, and design change.
To begin, many sneakers are known history. Many years ago, a pair of shoes was only six dollars and that was technically considered expensive and only the wealthiest people could afford to buy them. According to the article “The History of Sneakers” , it says, “In 1868, sneakers cost six dollars a pair so only the wealthy people could afford to wear them…”. So back then, even the wealthiest people could afford a pair of shoes that cost
Please remember that Part 1 and Part 2 of the report are each worth 50% of the total
American hippie culture soon followed in the early 70’s with Sony & Cher. The hippie phase came and went then a more simple ‘boot cut’ trouser came back into play in the 90’s. The early 2000’s was all about the skinny jeans but in recent
Many of the big established shoe brands have seen consolidation and hence they have become bigger and more powerful in terms of competing with the rest.
SWOT analysis covers the strengths, weaknesses, opportunities & threats which a company is facing in its internal & external environment. Strengths & weaknesses fall under the internal environment of the company and opportunities & threats fall under the
SWOT stands for strengths, weaknesses, opportunities, and threats (Ferrell and Hartline, 2014, p. 39). A SWOT analysis evaluates both the internal factors (strengths and weaknesses) and external factors (opportunities and threats) that create advantages and disadvantages to a company when serving its customers (p. 39). A SWOT analysis is extremely beneficial in helping a company determine areas of improvement (p. 39). Internal factors examine the actual company being analyzed while external factors examine the external market (customers and competition) (p. 85).
Global Divisions for Converse and Brand Licensing: the first division is responsible for managing the worldwide operations of Converse and the second one is responsible for licensing the Nike brand. In this way Nike Inc. can control its brand licensing and the operations of