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Global Analysis of Sports Products

   

Added on  2023-04-22

1 Pages356 Words406 Views
Company Background
Founded in 1924, 2nd largest in sports field
Mission is to be the Global leader in sports
products industry with competitive edge
Vision is innovation, design leaders, consumer
focused and global organization
Values are performance, passion, integrity and
diversity
Strategic goals are achieving peak in market and
deliver excellent financial outcomes
Total revenue €21.218 billion and net income
€0.72 billion
Global Analysis
It influences in terms of risk regarding
terrorism, battle, communalism,
globalization and frequent change in
policies
These results both the waste of time and
money
Low labor costs are another big issues
Industry constantly strives for innovation in
products every month and huge customer
base.
Action Plan
Cost reduction in manufacturing as
per economies of scale
Redefining strategies
Advertisement campaigns and huge
promotional events
Increase its presence
Conclusion
The key findings are SWOT,
PESTLE and
Porter’s theory.
The action plan has been
executed
The monitoring system is also
evaluated
Current situational analysis
SWOT
Strength is innovation
Weakness is lack uniqueness
Threat is competitors
Opportunity is using own raw materials
PORTER’s THEORY
Power of suppliers is low of 2.6
Power of Buyers is 2.75 for professional athletes
and normal customers
Threat of substitutes is 3.2 relatively higher
Threat of new entrants is 2.5 which is significant
threat to Adidas
Rivalry is 3.8 the highest, competitors are Nike
and Puma
Monitoring system
Increase presence in market-
Clear visualizing of progress
through increasing customer
base, sales figure and huge
brand awareness worldwide
PESTLE
Political factors are quite challenging
Economic factors like, taxation, inflation, unemployment
and stock market not stable are the issues
Sociocultural issues like, language, culture, race, religion,
lifestyle and buying behaviour are affecting.
Technological factors are high in Adidas
Environmental factors are organized
Legal factors are all aligned with company policies and
strategies

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