Sunday, March 15, 2009
Nike's (Shox) Target Markets
The Nike Shox is definitely directed to a particular age group or range of ages. The most targeted age group seems to be mid-teens to mid-thirties. The individuals in this age group tend to be more in tune and up-to-date with the fashion styles available and are more willing to spend the money on these current fashion trends. The shox are definitely eye-catching sneakers whether it is because of the shox design itself, or the bright and vibrant color schemes used. Whatever the case may be, the bold and innovative designs of this sneaker attracts the fashion-forward consumer who is in the market for a high-end athletic sneaker.
Another target market for the Nike Shox would be consumers living an active lifestyle. The individuals in this market segment are ones who enjoy physical activity, whether it be a specific sport, running, or just exercising in general. Nike is known for making products for athletes and the Nike Shox is now a distinct style of running sneakers that they offer. Although it comes down to personal preference on whether someone likes a Nike Shox or not, Nike does a great job at keeping up with the style and technology physically active consumers are looking for in an athletic sneaker.
The benefits of a Nike Shox running shoe is also another means of targeting consumers. The technology behind the shox is important when considering an active sneaker. The shox themselves act as impact absorbers. Instead of your joints, such as the knees, absorbing a majority of the impact from physical activity, the shox help alleviate some of that impact. When a customer can actually pick up a Nike Shox and hold it in their hand, they are able to see the slight spring action in the shox. An active individual has to take the technological aspect of their running shoes into consideration when searching for the best sneaker out there. Many people may think that the Shox look too heavy and bulky for an active shoe, but if you were to try them on, you would find this to be untrue. Most of the shox are made out of light, breathable mesh and the cushioning is air. But again, it is about personal preference. Another benefit about the Nike Shox, or Nike in general is that if a problem ever occurs with the structure or make of the shoe that is abnormal for the usual wear and tear, Nike will most likely replace the defected pair with a brand new pair if you contact and send them the defected shoe. These are just some of the important benefits a consumer would be looking for and taking into consideration when in the market for a pair of athletic sneakers.
These are a few of the major target markets that Nike Shox focuses on and they are always looking for new ways to improve their products to meet their consumers' demands and needs for an athletic sneaker.
Thursday, February 12, 2009
Nike's Environment(s)
Although Nike is a household name, and holds a strong stance in the market of athletic footwear, it still pays close attention to the needs of its customers. Customers are a major portion of the micro environment. Without customers, there would be no business. For example, Nike is always looking and researching ways to improve their most popular running shoe, the Shox. They even provide a program on the Internet where you can create your own running shoe by being able to choose the color layout of the shoe. Nike is known for its higher quality and therefore, higher pricing, but they are increasing their market share in the middle and lower price ranges to not exclude any potential customers. Nike also does a great job at making their products appeal to younger, fashion savvy market as well as remaining appealing to the more conservative and function-oriented market. They satisfy the needs of customers who repeatedly purchase the same products and those who are constantly searching for the newest product out there.
Nike holds the position as leader in athletic footwear so it is managing competing brands efficiently in order to remain on top. It always appears that Nike is two steps ahead of their competing brands like Adidas and New Balance.
Nike has a large impact on their macro environment, and in turn, it has a big impact on them as well. It is a known fact that Nike was in a little trouble with the working conditions of the factories overseas. They have publicly apologized and are making huge efforts to ensure the lives of the people working in these factories are given the chance to have the best quality of life. Nike is also big on using their brand power to invest money into grants and product donations as examples. They take corporate responsibility very seriously. They are also making efforts to Go Green and calling the process, The GreenXchange. An example of this is they have begun to use an environmentally friendly rubber on the soles of some of their running shoes and one of them happens to be the Nike Shox Experience.
Overall, Nike has a nice balance of dealing with its micro and macro environments. They are a very open-minded company and always willing to try new ways of doing business that will satisfy the needs of the employees, suppliers, and customers while keeping up with the Go Green attitude this country has so strongly taken part in.
Sunday, February 8, 2009
Nike's Position
Wednesday, February 4, 2009
Core Competencies
Mission Statement
*"To bring inspiration and innovation to every athlete in the world."*
*"If you have a body, you're an athlete."*
The innovation and inspiration first started with Bill Bowerman, the co-founder of Nike. This is the legacy the mission statement is referring to and the people at Nike strive to keep these important aspects of the company alive by following in Bowerman's footsteps.
I really feel Nike's mission statement accurately represents who they are as a company. First of all, their statement is short and to the point. This is how a mission statement should be.
As a major player in the business of athletic gear, they certainly are known for their different and loud designs. Nike's running shoes are a perfect example of the inspiration and innovation they state in their mission statement. I think it is safe to say that they probably have the most recognizable sneakers in the world.
