Willy Kappie BACKGROUND INFORMATION 30 percent market share worldwide Outstanding revenues of $19 billion a year Largest seller of athletic footwear, athletic apparel, and others athletic gear in the world. Products: Nike Golf, Nike Pro, Air Jordan, Team Starter etc. Subsidiaries brand: Bauer, Cole Haan, Hurley International, and Converse. Hometown & Headquarter: Oregon NEED FOR A MARKETING RESEARCH Opportunity of Market share extension Conduct a research to find out opportunities of market share extension while maintaining a positive image MANAGEMENT PROBLEM DEFINITION Expansion of the current market share on other products while maintaining a positive image and staying faithful to their mission statement and beliefs. PROBLEM DEFINITION Determine market extension opportunity through a well organized and conducted research. RESEARCH OBJECTIVES Identifying the factors that keeps Nike in the top of the market Determine the reason why customer sees Nike has the best in the market Collect data from customer and retailers that would help expand Nike market Determine the reason of previous increase of market share Determine some ways of improvement and innovation of products Determine if there is any products that customers would want Nike to carry Analyze the overall market, Strength, weakness, opportunities and threats.(SWOT) RESEARCH DESIGN Steps: Define the information needed Determine whether the research need exploratory, conclusive, descriptive and/or causal research Construct questionnaires Determine and use sample and finally determine the plan of data analysis
Conclusive research/Descriptive CHARACTERISTICS OF DESCRIPTIVE RESEARCH Produces clearly defined information, Formal and structured process Large sample and representative group Use quantitative research over qualitative research because quantitative research seeks to quantify the data. Conclusive evidence based on large, representative samples and involves some form of statistical analysis INFORMATION TYPES & SOURCES Secondary data and information - Current position in the market Customer databases Buying percentage Sales records, Products feedback Primary data - Determine opportunities Surveys Questionnaires Interviews etc. METHODS OF ACCESSING DATA Internal data Customer databases Data warehouses and data mining and CRM Database marketing External data Business or nongovernment Government syndicated services Social Media Facebook Twitter Youtube (Comments, discussion, post. Fan page etc.) DATA COLLECTIONS & FORMS Survey(physical and online survey) Audit services Purchases panels Media panels CAPI or Computer Assisted Personal Interviewing Retailing and distributors stores Agencies and Organizations SAMPLE QUESTIONNAIRE 1. How would you describe the brand Nike? 2. If you were to describe Nike with one word what would it be? 3. What do you think make Nike a successful company and market leader? Products offered Marketing and advertising campaign and endorsements, style of products Brand values Prices Variety of products Quality of products Innovation availability of products Others.. 4. Who do you think is the Nike main Nike competitors and explain the reason for the answer. 5. What do you think was the most innovative Nike products in the past years? 6. What are example of products improvement that would be successful for Nike in their market? SAMPLE PLAN & SIZE Broad sample size 2000 to 3000 along with a test-market audits 50 to 200 stores
Nike has time and money so they can afford a big sample size DATA COLLECTION Steps: selection of the fieldworkers Training of fieldworkers Supervision of fieldworkers Validation of fieldworkers Evaluation of fieldworkers
Design a site or server that would automatically collect all the answers from surveys and even classify them according to areas of interest Retailing and distributors stores Agencies, governments, organizations
DATA ANALYSIS Steps: Preliminary plan of data analysis Questionnaire checking Editing Coding Transcribing data cleaning variable respecification selection of data-analysis strategy. Final Hypotheses