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Specific marketing goals of Nike
Nike's marketing objectives
Nike's marketing objectives
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There are a number of popular companies whose brand name and product lineup are interesting marketing strategies based off of elements of mythology. For example, Pandora Jewelry, is an international retailer which sells beautiful “gifts” in the form of jewelry. The brand name “Trident,” as in Trident Gum, may possibly be inspired by the Greek god Poseidon’s trident. Interestingly enough, the Greek word “trident” refers to a three-pronged or “three-toothed” instrument. There is also Gillette Venus, a popular women’s razor brand. Venus was the Greek goddess of beauty, and shaving has long been a part of women’s beauty routines. Though, one of the most successful examples is Nike, an American multinational corporation which has steadily dominated …show more content…
As a company whose brand name and concept are inspired by Greek mythology, Nike, Inc. has successfully capitalized on their goal to inspire athletic excellence, promote athleticism, and provide innovative products for their consumers.
The Nike corporation aspires to athletic excellence for the consumers who purchase their products. Non-coincidentally, “Nike,” was the name of the Greek goddess of “speed, strength, and victory” (“Nike-Facts and Information on the Goddess Nike”). Even Nike Inc.’s logo, the “swoosh”, is inspired by her large wings. The goddess is the daughter of Pallas the Titan and the Oceanid, Styx. She is most known for serving as the charioteer of Zeus during his battle for his father’s throne—and control of Mount Olympus—in the War of Titanomachy. After his success, Nike was subsequently rewarded residence on Mount Olympus and protection by Zeus (“The Goddess Nike in Greek Mythology”). She is often depicted next to Zeus (or Athena) in Grecian artwork. In Greek religion, Nike is regarded as having the ability to grant humans the almost-superhuman speed and strength that is required in fierce competition or battle. In a comparable manner, Nike, Inc. markets their products as being conducive to better athletic
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also places significance on promoting athleticism to their consumers. Though the goddess Nike’s service to Zeus in war(s) was her greatest service, “her functions not only referred to success in war, but in all other undertakings,” and she was “recognized as a…mediator of success between gods and men” (Editors, Britannica). Nike, Inc. emphasizes a similar dynamic between the professional athletes they promote/endorse and everyday people. Nike, Inc. states that their mission is to “bring inspiration and innovation to every athlete in the world,” furthermore stating that “if you have a body, you are an athlete” (“Read Nike's Mission Statement and Find Information about NIKE, Inc. Innovation, Sustainability, Community Impact and More”). The company strategically promotes themselves as a brand that is for everyone: men, women, and children. Even with their simple tagline “Just Do It,” Nike has compelled consumers through an inspirational phrase that resonates with millions of people, apparently. Nike’s aspirational vision of athleticism for everyone ranging from the beginner athlete to the Olympic athlete is arguably the most important aspect of their marketing strategy. Consequently, Nike, Inc. sells approximately 900 million products each year (Taylor). Nike even ranks among the most favored brands of the millennial cohort
"Nike." Columbia Electronic Encyclopedia, 6th Edition 1. Academic Search Premier, EBSCOhost (accessed November 6, 2009).
It is very important to differentiate from you competitors by a clear marketing strategy. Nike does this in one single act. Nike does not create different strategies that would imply more cost, less results and confusion in a globalizing world.
With "Just Do It” Nike has promised its audience that the company is committed to the competitive spirit. Nike emphasizes that it will help people feel empowered, successful and best equipped to tackle the challenges ahead. “In a recent survey, Nike was named the favorite brand among millennials, beating out names like Apple, Coca-Cola, and Nintendo. And teens are also wild about the brand, choosing it as their preferred clothing and footwear retailer in another recent survey” (Business Insider). Shoes in general have a symbolic significance, they represent authority and power.
Nike is one of the biggest footwear and apparel manufacturing companies in the word. The company came into existence in 1964 by Bill Boweman and Phil Knight and named it as the Blue Ribbon Sports. The company changed the name to Nike, which is Greek word meaning victory, in 1972 after producing a good brand of shoes that became popular among the athletes (NIKE, Inc., 2001). Since then, the company has been successful, dominating the world market of athletic shoes. The company’s products are sold in more than 170 countries across the world. The company also sponsors various sports events at national and international levels. The company slogan “just do it” is catchy and attract many people tom buying its products. This makes the company to grow continuously due to wide and stable customer base.
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
Ancient greeks worshiped Nike, they believed she could give them speed to victory and make them live longer.She would never leave zeus side during conflicts that were occurring in the Titanomachy, she was spotted next to zeus on mount olympus. As a reward for being chief charioteer zeus promised her to have her near and protector Nike.(“ nike-facts and information on the goddess nike”)
Many global companies like Nike, Inc. are seen as role models both in the market place as well as in society in large. That is why they are expected to act responsibly in their dealings with humanity and the natural world. Nike benefits from the global sourcing opportunities, therefore areas such as production and logistics have been outsourced to partner companies in low-wage countries like China, Vietnam, Indonesia and Thailand. As a result the company is limited nowadays to its core competencies of Design and Marketing.
It’s because when I sport the Nike swoosh, I feel as if I representing the Nike brand and the beautiful, driven, fit women I see in their advertisements. Feeling this way gives me the inspiration and confidence to play my best. I feel as if I identify with the women in the advertisements by wearing Nike. “The relationship between persons and the product remains one of the most crucial signifiers within advertisements. Persons in advertisements supply the consumer with a certain identification frame—whether the person is presented as a user or is presented within a lifestyle setting, the viewer is invited to identify him/herself with the presented person.” 202 Brand Culture. The Nike brand does a great job at doing this to their consumers to create brand loyalty. Nike brand users, just like myself, see the athletes using the brands and feel a certain connection to them. Brand loyalty should not only be a goal for brands because of the benefit of having their logo advertised on consumers who fit within their target market, but also for PRICE SOMETHING ECONOMY
A Greek would say, "When we go to battle and win, we say it is Nike." According to Greek Mythology, The Nike was the winged goddess of victory. Daughter of the titan Pallas and the river Styx, Nike sat at the side of the omnipotent Zeus for the duration of his plight with the titans. The goddess Nike came to be an everlasting symbol of victory and dominance on the battlefields of ancient Greece. In light of her conquests, a popular footwear company of the 20th century designed products in her name to push new levels of achievement in athletes worldwide. The Swoosh logo at the side of each shoe is intended to represent the wing of the Greek Goddess Nike. The vibrant spirit of this ancient goddess has bridged the gap between ancient mythology and modern technology, and manifested itself through the most successful shoe company of all time.
In mythology, Nike is best known as the Greek goddess of victory. She is known for her success in both sport and battle, presiding over history’s earliest battlefields and was often referred to by the Romans as Victoria (meaning victory). Although she was a triumphing goddess she does not have a mythological story of her own. Instead she is most often seen in the presence of other gods and goddesses such as Zeus (in the Great War against Typhon for control of Olympus) and Athena (the goddess of war and strategy).
From their marketing strategies to their selling philosophies, Nike has developed one of the most recognizable and demanded name and logo tandems ever created.
Nike is a worldwide known business that many people around the globe are attracted to purchase. They make a variety of products ranging from shoes and clothes to sports gear, sports products, and many different accessories. Nike is designed for everyone ranging from infants to elderly. Because of their range of age for products, this makes them a huge competitor. Being able to appeal to all ages and styles of people.
This is the best way by which Nike has used to convey its significance, because the target audience appreciates and relates to their idols. Nike uses inspirational stories that are related to sports and fitness to build its communication. They use pictures or verbally transmitted to deliver their story. Nike main aim is to broadcast as excitement and affection. For this sometimes Nike provides advertisements that are related to emotion that will reach the target audience. Nike use to print advertisement which performs the individualism of women, which helps them to convey
When I learned that I had to write this research paper, instead of procrastinating, I convinced myself to JUST DO IT. This phrase also happens to be one of the signature phrases of the leading athletic apparel company, Nike. The JUST DO IT campaign has been very successful for Nike, but it is not he sole reason for their success. Nike’s campaign has definitely persuaded me to go out and buy a few Nike products. So what exactly does Nike’s persuasive campaign consist of? This paper will discuss all aspects of Nike’s persuasive campaign. Some of the campaign’s strategies, goals, and techniques will be revealed. Some persuasive theories that can be applied to the Nike advertising campaign will be identified and explained. After discussing these theories, the specific arguments of the campaign will be validated. Overall, the entire campaign will be analyzed and it will be determined whether the campaign is a success or a failure.
Nike is the number one innovator in the world in athletic footwear, apparel, equipment, and accessories. This worldwide company operates in an extremely different organizational structure than other companies, such as Reebok and Adidas. Nike operates tremendous marketing strategies and develops inventive designs to inspire athletes around the world. This company is one of the largest suppliers in the world in athletic footwear and apparel, main producer of sports equipment, and making Nike the most valuable brand among sports companies. The task for Nike is to join diversity and inclusion to encourage ideas and innovation. Around the world, this company is a popular brand.