Nike Inc. is a leading brand in the sports entertainment. The company has rich history and prestige with a strong portfolio. It has now been years that Nike has been associated with various sports domains, but with more influence in football. The brand has the prestige to be associated with the top celebrities in the world who also serve as ambassadors for the brand (Nike Inc, 2011, pp. n.d) Nike has a great integrated marketing communication approach to communicate the brand to the world. The sponsorships of the brand have enhanced the brand equity and image with a vital role.
Nike holds a major share in the global market and can further capitalize from the effective marketing strategies implemented. The brand has been in collaboration with the corporate giants and has at regular intervals and special events launched strong marketing campaigns. There are some recommendation for implementing some more marketing strategies which can provide the brand with an increased market share and business.
Nike has potential rivals in its surroundings which are a great threat for the brand. Still, Nike has an edge over the rivals, due to its effective business differentiators. Innovation, customer focus and continuous technological adoptions have given the firm a competitive edge (Anonymous, 2006, pp. n.d). There are discussions about the contribution of sponsorships with the benefits. The exposure to brand, the improvisations, and strategies are the core highlights.
Nike - The Company
Nike is the world's leading sports brand with a brand value of $15 billion. Nike's headquarters are in Washington County, Oregon, United States. Nike specializes in athletic footwear and sports accessories with a global brand existence. The company currently has 38% of the global market share.
Nike - The Origin
The company was initiated by Philip Hampson "Phil" Knight and Bill Bowerman in 1964, under the name Blue Ribbon Sports. Both of these founders were athletes for the University of Oregon. It officially converted to Nike in the year 1971. The logo of the brand is a tick mark referred to as 'swoosh', which was designed by Carolyn Davidson (Nike Inc. 2011, ...