Adidas And Reebok Core Competencies Marketing Essay

Adidas And Reebok Core Competencies Marketing Essay Introduction: This reported is presented with intent to draw would the comparison in the marketing communication strategies and mix adopted by the shoes brands Adidas and Reebok. The dual brands are functioning in a non-monopolistic global market environment which imposes the need to be market savvy and creative on the part of the business houses such as Adidas, Reebok and many other established brands to not only retain their existing market segment but also grow into new market on a local, national and international plane. There is a pre-existing need to modify strategies in context to pricing, advertising, product lines, product quality and marketing communication strategies. Failure to do so on the part of the business houses could adversely affect the sales of the product and lead the company and the product to an undesirable state of declination. The fact cannot be denied that the athletic shoe brand market has been emerging to be extremely competitive and a few brand names su ch as Adidas, Reebok, Nike, Puma have successfully captured certain market segments. These brands recognise the need to retain their market position and work towards market growth in the process. Adidas and Reebok, for the sake of exemplification have proven the fact that besides high quality products, a good market communication strategy and mix is vital for survival and simultaneous growth in a market which is constantly driven by a competitive atmosphere. I intent to utilize the following techniques to present a comparative analysis on the strategies adopted by Adidas and Reebok: Primary Research: Consumers would be interviewed and data compiled would be analyzed and inferences would be drawn on that basis. Secondary Research: Secondary Research would be gathering, analysing and segregation of data from websites, business journals and books. Business Analytical Tools: S.W.O.T. Analysis, Marketing Mix Market and Literature Review: Adidas: The German National Adolp Dassler could be credited with the creation of the phenomenal brand â€Å"Adidas†. His nickname â€Å"Adi† and the first syllable of his last name â€Å"Das† put together created the brand name â€Å"Adidas†. History states that Adolf was a shoe fanatic who spent several hours in his workshop designing shoes with intent to perfect it and to surpass anyone in this line of work. His dedication towards his cause led to the creation of this brand which in today’s day and age is the second best global athletic shoe brand commanding a market position of 33% internationally after Nike. This brand came in to limelight with the 1926 Olympic Games wherein the sport star of the Games Jesse Owens wore Adidas shoes which performing at the Olympics. This led to instant recognition of this brand and soon the sales was reported to have gained huge momentum. The Olympic Games was the most crucial turning point in the history of the brand Adidas. From then on, Adidas, the Business house has been essentially sponsoring Global Sports Events, Olympic Games and many such events and has amassed mass popularity for their product lines. This strategy of the organization has helped the brand gain great worldwide media coverage for their product lines and the sales have been reported to grow in continuity.