Question
American company THOR engaged in the production of sports' socks. Thor faced drop in the company's sales and marketing share in the early 1990s. the
American company THOR engaged in the production of sports' socks. Thor faced drop in the
company's sales and marketing share in the early 1990s. the marketing department execute an
integrated market research, the study found that:
The total market for sports' socks up to $ 900 million
Socks in the market always white or colorful socks made of cotton. only a printed name and
some colorful lines
The weak elastic makes the socks slip on foot during sports
Most athletes suffer Sticking fingers' disease.
As a result of the study the company:
change a company's mission from sports socks production to "foot health products" through
an integrated effort between marketing, design, and R & D has taken several forms design
socks does not slip on the foot
Design new foot health socks with toes of the foot to prevent friction and sticking fingers.
Allocation of 20% of the profits for research& development
Procurement of new machinery and providing multiple designs.
Application of new segmentation policy in socks market, producing stockings for each
category such as football socks, tennis socks ,golf socks , volleyball socks, basketball socks,
socks for sport skiing.... etc, with emphasis on a set of high-level games.
Segmenting the market according to the gender by producing a set of stockings with beautiful
colors and lengths to suit the ladies. Socks men athletes with dimensions and colors that
reflect them.
Using outlets deal with higher social classes, and open branches in many clubs.
Using the pricing policy in accordance with the capabilities of the consumer to pay
using promotional efforts to illustrate developments were added to the product, and to justify
the high price and linked to the respect of the goods by using a set of distinguished world
champions in ad campaigns for young people.
Get support from the American Medical Association and a number of senior American
institutions adopted on stockings company primarily for its workers. With a number of reports
and published in medical journals.
The result: increasing company sales from $ 30 million per year to $ 150 million.
I need please to answer these question?
1 What is the impact of Saudi Market environmental changes to push company opportunities?
2..Assess growth opportunities of this Company in future
3.How do customers' new capabilities affect the way companies conduct their marketing> and how the company can deal with them?
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