Nike's Marketing Environment

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Nike’s Marketing Environment Over the last 20 years, the marketing environment has been changing rapidly. It is important to have a sturdy focus on the customers and heavy dedications are indispensable. Besides, fulfilling customer’s needs and wants are crucial issues in any successful customer (Kotler & Armstrong 2005:p5). To be thoroughly familiar with all the different roles in the marketing environment such as producers, suppliers, intermediaries and competitors and also the environmental factors such as demographic environment, economic structural environment and technological environment, companies need to be capable to guide an organization to look at their opportunities and threats in the market. To point out the significance of the marketing environment, Nike is applied as an example in the retail business sector. Nike’s management examines its internal environment by making evaluations attributed to that examination, seeing what consumers would expect in their products which is also called their target market, and how the external environment assembles and reconstructs that. Because of this marketing analysis, the company has made the decision to revitalize its apparel division to be more fashionable, and they’re shoes to be designed more modernly and creatively. Nike creates and designs its products for all ages, people and both sexes No matter men, women or children. Running, cross- training and football is some of its top selling product categories. Nike’s marketing environment are affected by factors like social factor that deals with people's values, demographic factor which is people’s age an race, economic factor such as income and inflation and technological factor such as production effiency and product quality. Because of all these factors, Nike acquires information on how to improve current products, what could be changed and what

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