Nike has developed a brand personality defined by traits such as being progressive, precise, lively, tolerant, and sensitive. It aims to push boundaries in design while meeting customer needs. Nike was founded with a mission to advance human potential through community, sustainability, and access to sport. It uses innovative marketing strategies across social media and a global distribution network to engage customers and remain the most valuable apparel brand. Nike's strengths include its competitive spirit driving innovation in products and processes, allowing it to outperform rivals.
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Nike
Nike has developed a brand personality defined by traits such as being progressive, precise, lively, tolerant, and sensitive. It aims to push boundaries in design while meeting customer needs. Nike was founded with a mission to advance human potential through community, sustainability, and access to sport. It uses innovative marketing strategies across social media and a global distribution network to engage customers and remain the most valuable apparel brand. Nike's strengths include its competitive spirit driving innovation in products and processes, allowing it to outperform rivals.
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NAME LENA TIWONGE NDOVI PHIRI
STUDENT NUMBER 2021005582
BRAND PERSONALITY OF NIKE
Introduction Brand personality is a collection of human traits unique to a certain brand that may be communicated through voice tone and image. It aids in connecting with target audiences and making it simple to win over devoted customers, among other things. Nike Company Bill Borman and Phil Knight founded Nike in 1964 as "Blue Ribbon Sports," and the company formally changed its name to "Nike" in 1971. The sportswear company sells clothes and shoes for men, women, and children, as well as its iconic hallmark goods like the Air Max series, the Huarache, the Air Force 1, etc., with annual revenues of over $37 billion in 2020. Brand Personality Nike constantly develops goods sustainably via ground-breaking innovations and diverse workforce creativity with the goal of maximizing human potential. become the biggest sportsar producer in the world as a result. These traits define its brand personality. Progressive; Nike is seen as being progressive. It aims to startle the user and appeal to their sense of beauty and imagination. Precise; Nike may be described as being exact. It exudes deliberation, precision, and care. Overall, it gives the sense of being straightforward and consistent. Lively; Nike may be described as vibrant. It appears to find a balance between vibrancy and modesty in terms of look, and it lends itself nicely to usage both alone and in groups. Tolerant; Nike might be described as understanding. Its exterior strikes a mix between confidence and tenderness. It aims to both enforce its design on the user while also meeting their demands. Sensitive; Nike can be described as sensitive. Its look strikes a balance between independence and self-awareness. In reality, it must be able to satisfy both requested and unrequested demands. Despite the terrible crises, Nike, which developed its brand identity through the swoosh, remains one of the most valuable brands in the world. Nike was founded with the mission of advancing humankind through community development, environmental protection, and increased access to sport. Nike believes in doing everything possible to help people reach their full potential. To that end, they develop ground-breaking athletic innovations, increase the sustainability of their products, and have a positive social effect. The logo, tagline, print advertisements, and retail locations are among the visual components that Nike utilises in its branding approach. The market business is very competitive, but Nike has an advantage over its rivals thanks to a number of factors, including its distinctive design, excellent product quality, product and process innovation, and marketing. Social Media of Nike With 320 social media pages covering a variety of goods and places, Nike is one of the most popular companies online. Using Nike accounts on all of the main social networking sites, such as Facebook, Twitter, YouTube, Pinterest, and LinkedIn By developing distinct pages for each of its items that cater to various target markets, the firm increased its online presence. Distribution strategy It's crucial to get people talking about brands. Nike delivers memorable experiences that people speak about and spread among one another. Subsidiaries of Nike include Converse, Jordan, and Hurley. Different brands aid in their expansion. Another crucial element of Nike's digital marketing plan is its distribution strategy. Nike distributes its goods globally through a variety of channels, including stores, online marketplaces, resellers, and supermarkets. . Targeting strategy and mission Nike employs various and unique targeting tactics and campaigns to stay on top since it is a brand that extends beyond footwear and is present in sports equipment, clothing, and many other areas. Modern tools like Hyper Adapt are always used by the company. Their motto, "Just Do It," is well known and states that their goal is to "provide inspiration and innovation to every athlete on the globe." For client retention and to provide bundle items to them, they have a robust product portfolio in a number of connected business categories. Financial statistics Nike's internet marketing approach has succeeded. The most valuable apparel brand globally as of 2018 is Nike, with a 28-billion-dollar brand value. With 2.8 percent of the market, they had the biggest share that year. The business has a solid financial track record. Nike made more than $30 billion in sales over the course of the previous four years. As previously noted, Nike's digital marketing approach is being hindered by advertisements that are extremely creative and emotive. Nike Air Jordan and Facebook Messenger Bot Collaboration The first pick of Nike ads focuses on the collaboration between Nike Air Jordan and the Facebook Messenger bot. On this ad, Nike and conversational AI platform Snaps worked together. Users of the initiative receive weekly updates of news from Jordan News, Jordan.com, and the Air Jordan blog. Three divisions exist: Purchase, watch, and Air Jordan Nike’s initial product advertising efforts included professional athletes, which generated positive word-of- mouth and positive publicity. Due to fierce competition from Adidas and Reebok and to broaden its target demographic, Nike switched its focus from teens to older customers. Despite the recession, consumers are willing to pay more for Nike because of its superior quality, style, and dependability. Nike leads its competitors in terms of revenue because of its motto, "Just Do It," and top-notch products. (Deng, 2009) It now also incorporates e-commerce and digital sports as of the most recent year. The sports clothing business is now quite competitive, and Nike's top rivals include But Nike has a competitive advantage over its rivals because of a number of things. It has a significant competitive advantage because of its innovative designs, excellent product quality, product and process innovation, and marketing. Strength The biggest strength of Nike is that it is an extremely competitive organization, with its “Just Do It” slogan for its brand epitomizing its attitude towards business. This has helped the company focus on higher value-adding activities like design and research and development, and at the same time, it has saved on the high labor costs that are part of the traditional manufacturing sector. Low product costs