NIKEJust Do IT !

Group 4Name Roll No:

Shouvik Das FT13170Ishani Sircar FT13224Arjun Choudhry FT13312Namita Joshi FT13351Vikrant Vijay Mahajan FT13389Ruchika Salhotra FT13466

Introduction

• Est. in 1960 in Oregon.• Phil Knight and Bowerman - Founder• Nike has gone through many changes• Started small and now has covered the U.S.

and International market

Brand Image

• Conducting Press conferences & issuing press release

• Outlining the steps taken to ensure compliance with code of conduct

• Establishing & posting progress on improving labor conditions

• Responding to each enquiry.• Should take into account business

impact & desires of stakeholders

Brand Equity

• Nike sells feelings or emotions.• An aggressive and performance oriented

brand• Has always given priority to performance

and durability along with fashion• Always provides higher quality with higher

price.• One of major source is professional

athletes and signs top players of every sport.

Resonance with Customers

• United States: High level Resonance.− Appreciated innovation and performance of the product.− Influenced by the top athletes endorsements.− Occupied the mind space of the customers through mass advertising.

− Consumer Research to gauge customer response and plan accordingly.

• European Markets: Medium level Resonance− Developed cultural, geographical and personal relations and credibility

among European consumers.− Re-casted its brand image with regional tastes and cultural aspects.− Sponsored local clubs and national teams to gain grass root level

relevance.

• Asian Markets: Low-Medium level Resonance− Local heroes were brand ambassadors with mass advertising.− Implemented global labor standards to recover from Image crisis.− Created CRD to reflect its community involvement.

Sponsorships & Endorsements

• Vital to Nike’s business. Attributes to early success of Nike.

• Helped in building the initial customer base for Nike.• Gives a personality to brand – Michael Jordon

personified Nike’s basketball shoes with his stellar performance.

• Occupied a brand space in consumer mind: Nike means Performance

• Success of the brand ambassadors helped in the growth of both brand value (return on financial investments) and customer value (customer loyalty).

• These helped Nike reclaim its market share and emerge as market leader in US.

Customer’s perceptions to Sponsorships &Endorsements

• Consumers believe the brand has greater value. E.g. John McEnroe support to shoes led to sale of 1.5 million pairs in US and credibility among European consumers.

• Consumers believe the athletes' success is attributed to the brands they use. E.g. Sales crossed $ 3 billion when Michael Jordan-Chicago Bulls won the first of their six championships.

• Consumers don’t prefer aggressive brands. E.g. ‘Play Hard, Die Old’ was not well received. No offerings in middle market was perceived as aggressive, expensive American brand.

• Consumer’s attitude change over generations. E.g. Young generation felt Nike as cool brand while Older generation felt Adidas and Reebok to be better choice.

Fashion @ NIKE

• It is challenged to respond to a market demand for fashionable footwear and apparel.

• Fashion is an integral part of production.

• The company also opened first Nike Goddess store to sell fashionable sportswear for women.

• Fashion is important along with

Defensive Strategy

• More emphasize on female consumers.

• Service differentiation• Apparel and equipment

customization• Product differentiation• Follow latest trend and innovate• Can also offer low price range

products

THANK YOU !