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Adidas' Strategic Evaluation and Recommendation
Adidas is a multinational corporation that deals with sportswear. The company deals with the production, designs and the creation of sports clothing and accessories. The company has been able to develop to become one of the leading companies in the world with its products being sold across the globe (Mahdi, Abbas, Mazar, & George, 2015). The company faces a lot of competition from some of the leading companies in the market like Puma and Nike. However, the company has a competitive advantage as the brand is respected for its interests in making sure that the athlete wears what he wants. Besides, Adidas has a large market share in Europe and this enhances its prospects of profitability in competitive sport apparel industry.
Business Level Strategies
The business level strategies relate to implementing technology in various activities of the company just as other large companies do. The concept of improving on technology will help Adidas catch up with other companies like Nike, which appears to be capitalizing in this front. For example, Nike has placed gadgets inside their shoes meant to help or assist in measuring the heartbeat and the kilometers that an athlete covers. Adidas should develop its technology to compete effectively with the rest of the companies. Besides, Nike is one of the main competitors of the company when it comes to sports shoes (Deac & Stanescu, 2014). While seeking to deal with the issue of the prices, the company should make sure that its products are diversified enough to allow consumers to afford the shoes and have a selection of the products that they want to purchase. This will help the company in producing customer-specific products like those for high income, the medium earners....
and the low earning individuals (Mahdi, Abbas, Mazar, & George, 2015).
Corporate Level Strategies
In this strategy, the company can advertize in the available avenues showing the history of the company and its strengths to the market. This will help in enlarging the brand in the USA and others like China and India. The company has its core values being authenticity, inspiration, honesty and commitment. Adidas uses these values in measuring itself and its partners. Its corporate mission is to be a global leader in the sporting industry by producing goods built on passion and meant to compete effectively in the market due to the provision of a good sporting lifestyle. The best ways to realize this leadership in the global market is through the emphasis on brand strengthening and development. Brand strengthening can be achieved through advertising and promotion that will first create brand awareness (Rudolph, 2016).
Adidas also focuses on maximizing consumer impact and increasing the profitability of the company through having five different approaches. One of the strategies is matching the structure of the company to that of the consumers. In this case, Adidas anticipates and fulfills the desires and the needs of the consumer. Having to fulfill the needs of the consumers means that the company will not only attract new customers but will also retain those who have been buying from the organization (Mahdi, Abbas, Mazar, & George, 2015). As stated in the business level strategies, the company should have potential in the extension of the product design and the innovation. Innovation and product design mean that the company will develop products that can compete effectively in the market and fulfill the imaginations of the consumers. The other…
References
Deac, V., & Stanescu, A. (2014). Strategic Segmentation-The Preamble Of Developing A Company Strategy. Revista de Management Comparat International, 15(4), 461.
Mahdi, H. A. A., Abbas, M., Mazar, T. I., & George, S. (2015). A Comparative Analysis of Strategies and Business Models of Nike, Inc. and Adidas Group with special reference to Competitive Advantage in the context of a Dynamic and Competitive Environment. International Journal of Business Management and Economic Research, 6(3), 167-77.
Rudolph, M. (2016). A Financial Analysis of the Sportswear Company Adidas AG.
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