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Marketing Mix Strategies of Nike and Reebok in India - Essay Example

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Masters
Author : binshilda
Essay
Marketing
Pages 4 (1004 words)

Summary

This paper endeavors to examine the marketing strategies of Nike and Reebok. Both businesses are in the business of producing sportswear and lifestyle product. Both company opposed the strategy of targeting masses and instead went for targeting the elites of the society. …

Extract of sample
Marketing Mix Strategies of Nike and Reebok in India

The intention of this study is marketing mix as a very important part in crafting marketing strategy of a company. Many companies who do not focus on their marketing mix well enough face troubles. There are a lot of perils for a company that does not devise an excellent marketing mix strategy for its target customers. There are also a lot of examples of firms that despite of having a good product went out of business because their marketing mix efforts was not good. Many firms achieved great success from their average products because their marketing mix catered efficiently to the needs of the target customers. In the case of Nike and Reebok, it is also more about the marketing mix strategies of the two brands than their product offerings. Both companies were producing excellent products, but the differentiating factor between their success and failure had has been their marketing mix strategies. Reebok was a quick learner and it quickly shifted its focus on the marketing mix of its product, whereas it took several years for Nike to adjust its marketing mix in India. Indians are different from the other nations of the world, just like other nations are different from Indians, and hence every nation in the world has different preference in terms of prices they are paying for a category of product, the place they want to buy the product from, and the marketing efforts that would arouse them to make a purchase. ...
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