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Company- Nike Marketing Mix Strategy use all the elements from Final Project Part 1 and your answers in above to complete the following: Product Assess

Company- Nike

  1. Marketing Mix Strategy use all the elements from Final Project Part 1 and your answers in above to complete the following:
    • Product
      • Assess the current product portfolio strategy (single product, line, multiple lines) and make a recommendation for next year.
      • Assess the current brand strategy and alignment with positioning. How should the brand continue to develop brand equity and loyalty?
    • Price
      • Does demand seem to be elastic or inelastic and why? What is the current pricing strategy in each targeted segment and should pricing be changed?
      • What competitors have similar strategies and what other possible threats should the company consider?
      • What impact to you believe your pricing decision will have on profitability and sales?
    • Place
      • What is the current distribution network strategy and what would you recommend for next year? What competitors have similar strategies and what other possible threats should the company consider?
    • Promotion
      • How is promotions used throughout the various stages of the purchase decision process? What recommendations do you have to improve efforts?
      • How is promotions used to suggest similarities and/or differences between brand and competitors? How do competitors promote?
      • What would you suggest be an appropriate measure of promotion effectiveness?
      • What percentage of the annual budget is used for IMC and what would your recommendation be for next year?

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