Comprehensive SWOT Analysis of Nike Air Jordan's Market Position
VerifiedAdded on 2023/06/16
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Case Study
AI Summary
This assignment presents a SWOT analysis of Nike Air Jordan, a renowned basketball shoe and active clothing line first launched for Michael Jordan in 1984. The analysis identifies the product's strengths, including its association with Michael Jordan, recognizable logo, product quality, and resale value. Weaknesses include high price, quality issues from overseas manufacturing, competition from cheaper alternatives, and a shift in younger consumers' preferences towards newer NBA stars. Opportunities lie in signing new basketball stars, expanding into other athletic sports, domestic manufacturing for quality control, and leveraging social media for marketing and retail. Threats include dependence on basketball enthusiasts, competition from basketball stars launching their own brands, and competitors associating with newer, bigger stars while Nike remains tied to Michael Jordan.
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