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Under Armour's strategic analysis
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“It all started in 1955 when Kevin Plank, then the special teams captain for the University of Maryland football team, noticed that the cotton T-Shirts he and his teammates wore underneath their pads were always soaked and heavy with sweat” (“Under Armour Incorporated”, 2015). From there he set out to New York’s garment factory to find a fabric that would not hold in the sweat. He gave his first prototype to his Maryland teammates and friends in the nfl to get their feedback. “With their feedback, he went back to work, quickly emerging with an revolutionary T-Shirt built from microfibers that wicked moisture and kept athletes cool, dry, and light” (“Under Armour Incorporated”, 2015). With his product almost perfect
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They treat their employee very good and make sure they know they are appreciated and they want to keep them competitive. They have multiple dinners and gatherings with their employees to get to know each other and to keep them motivated and competitive. They provide their employees with great discounts on all products and give them discounted tickets to sports events. They also give their employees free admission to their gym and other things in the gym like movie nights and other events (“Feitelberg”, …show more content…
“Their vision statement is “Empower athletes everywhere”. Their mission statement is to “Make all athletes better through passion, design, and the relentless pursuit of innovation. They also have Four Pillars of Greatness. 1. Make great product 2. Tell a great story 3. Provide great service and 4. Make a great tea.. Under Armour also has four wills 1. Act like a global citizen I Will 2. Think like an entrepreneur I Will 3. Create like an Innovator I Will and 4. Perform like a teammate I Will” (“Under Armour Incorporated”, 2015)”.
Under Armour helps support the fight against breast cancer with their Under Armour Power in Pink apparel. They also have Under Armour Freedom which is how they say thank you to all of the First Responders, Military Support Organizations, Law Enforcement Officers, and Veterans also they have Under Armour Win Global which they try to provide sports to kids that don't have any sports or anything and enhancing places where kids can learn and supporting coaches for their dedication. Under Armours clothing is what makes them a unique company. The way their clothes can keep you cool and warm and feel dry most other companies don’t have. They also give you a full payback if you do not like the products you buy. They also try to use recycled items to put into their products. Under Armour is overall a great company (“Maxfield”
Under Armour’s product is swim gear. They sell their product by doing what Adidas did, used motivation, emotion, and a message to connect with the audience. But, Under Armour used a famous celebrity named Michael Phelps. The audience starts to pay attention to the ad and either feels connected or wants to be a better athlete like Phelps. Under Armour finally manipulated their audience into buying their
Under Armour provides innovatively designed performance products that incorporated a variety of technologically advanced fabrics and specialized manufacturing techniques, all in attempt to make the wearer feel “drier, lighter, and more comfortable.” This is Under Armour’s core competitive strength.
Overall, Under Armor did an outstanding job targeting young, aspiring athletes to do what they want to do with their life. They used logic to show how hard the athletes work along with emotion to show how serious they take their training. Finally, Under Armor used the credibility of the athletes to sell their new training shoe. This commercial will make anyone want to purchase a pair of shoes and workout themselves. Since the commercial is on such a serious level, viewers emotionally connect with it which makes Under Armor seem like the best brand
In 1996 Kevin plank, the founder of Under Armour came up with the idea of moisture wicking fabric for shirts so that while playing sports you don't have to wear a sweat soaked shirt during the game. He gave the prototype shirt to a couple of his friends on the University Of Maryland’s football team to test and see if the shirt kept them dry,cool, and felt lightweight. As soon as the microfiber shirt was released Nike began to produce a similar shirt to compete with Under Armour,but it was too late, the Under ...
Under Armour’s target market is consumers that are involved in physical activities. The demographic age groups that they cater to varies from youth to adults. Their products can with stand any weather condition from cold weather to warm weather, which means their product can be used in any geographic location. These consumers can be either light user like walkers or heavy users like football players.
Nike’s mission Statement is to bring inspiration and innovation to every athlete* in the world *if you have a body, you are an athlete. The asterisk seems to be there for a reason, it directs us to co-founder of Nike Bill Bowerman’s statement. He had stated “if you have a body, you are an athlete”, this statement became part of Nike’s mission statement. Nike’s mission statement is customer orientated in a positive and inclusive way. It states that the human being has a body, while reinforcing that we all can be an athlete not just those who are born into sports. Nike satisfies customer’s needs and wants by having its focus on motivating each individual to use Nike while bringing new innovative products to consumers to bring fresh new ideas
Under Armour is a leading athletic clothing line directed towards the overall athlete who is looking for the most comfort during extracurricular activities. The mission of the company is, "to provide the world with technically advanced products engineered with exclusive fabric construction, supreme moisture management, and proven innovation. In short, every Under Armour product is doing something for you; it's making you better."
Through an inside-out perspective, Under Armour has been able to concentrate on the growth mission. Its mission is about building ...
Under Armour has a mission statement that clearly states what they wish to accomplish and how they will do it. “To make all athletes better through passion, design, and the relentless pursuit of innovation”, this is a powerful statement that makes consumers and the competition aware that this organization will strive to help athletes everywhere reach their potential (Mission, 08).
1.How strong are the competitive forces confronting Under Armour, Nike, and The Adidas Group? Do a five-forces analysis to support your answer. The Under Armour brand has seen a huge surge in popularity and recognition in recent years. This is a company that has been on a fast track: founded in 1996, it went public in 2005 and has been growing at 20% per year since.
There are as many brands as there is ants in the world, but the two brands that pop out are adidas and nike. Those two brands have been going head to head for ages to see who is the better brand. It’s been tested, compared, and debated which brand is better. Whether it’s the quality of the materials or the cost of it, the debate is ongoing. Both brands have been fighting for the top ever since they were both created and I don’t blame them it’d be fantastic to be the best brand in the world. When Nike and adidas are contrasted, it becomes clear that the Adidas brand are better for the overall consumer and enhances sport performance than Nike.
Nike’s focus for fashion forward women is the following: lead the athleisure trend, increase advertising, and the introduce the #BetterForIt social media campaign. We need to focus on the athleisure trend by increasing our portfolio for the women target market. Athleisure is already 20% of the firm’s revenue and we need to recognize that women are leading this fashion movement. Under Armor and Lululemon are already making headways in this fashion focused market. We need to emphasize our athletic technologies, promoting lighter fabrics and better performance, while still maintaining a level of comfort and fashionability. Increasing the portfolio means nothing if women don’t know we’ve done just that. Nike will need to increase advertising specifically with this target market in mind. The #BetterForIt campaign is one important aspect of these advertising efforts. Similar campaigns should promote and help “normalize” athletic wear in everyday
The first step is to identify influencers that can be used as spokesmen for the campaign. Under Armour should target individuals such as Melissa Stockwell; in 2004 “Stockwell was a First Lieutenant in the U.S. Army” when “she became the first female soldier to lose a limb when a roadside bomb exploded near her unarmored Humvee claiming her left leg.” Stockwell has become a world-class athlete competing in the Paralympics in 2008 and then winning three gold metals in the 2010 ITU Triathlon World Championships (Marie). Under Armour can create an ad campaign playing off of their 2003 “Protect this House” ad campaign with a “Protect this Country” message showing Stockwell and firefighters from around the country in Under Armour
They attempt to choose athletes who they want to reflect their brand, they are achievers, winner, determined and accomplishment orientated, which is what they also encourage their consumer to be. Another important source for brand equity from Nike is the high perceived quality of their products not only by athletes but the public as well. Although most consumers won’t be using their Nike products for high level athletic performance, Nike products are always designed to be able to be used with that
According to global industry analyst, the world sports clothing industry is anticipated to exceed $126 billion by 2015, Because of more active lifestyle, with older demographics and woman becoming more energetic, this drives the market. The entire sports clothing industry is highly filled with so many brands like Nike, Adidas, Umbro and Reebook all over the world competing, even the high leading brands have to work twice has hard in other to keep their share in the market because most of this small firm have quality products and also a very fine marketing style which has increased competing style in the industry. All over the world people demand more versatile wear, which indicates that’s retailers continue to produce new style of sports clothing for both men and women.