For
a brand to get global recognition there is a need to effectively position
itself in the mindset of the consumers so that people worldwide realize that
the brand is made for them. Nike, one of the leading brands of the world is an
ideal example of such brand positioning.
The company taps into the emotions of
the global audience by addressing themselves as an athletic-wear company that exists
with the belief that everyone in this world is an athlete. Its position itself
based on its product benefit of world class performance that the brand provides
to the energetic and enthusiastic athletes.
With the mindset that everyone is an athlete, Nike targets to
cater all the people around the world, belonging to any age group who wants to
live athletics’ lifestyle. These consumers belong to middle and high class who
has a positive attitude toward athletic apparel.
In case of competition the
brand faces both direct and indirect competition. Among its direct competitors,
its closest rival is Adidas followed by Reebok, Puma and Umbra. Since the brand
is catering the need for apparels and shoes it also faces indirect competition from
brands like Timberland, Lacoste and Polo.
Fig. Nike's Competitors
In
order to communicate the competitive frame of reference,Nike has established a
category
membership in the minds of customers that the brand sells quality,
durable and comfortable products by constantly innovating to produce the best
product in terms of style, performance, design and packaging.
In case of POPs and PODs, the brand has many. Nike exists
in an industry where many big competitors produce the same products and have similar
strategies. So no matter how much innovation the brand does, it sells similar
products that enhance performance and cater same need (POP: Category). At the
same time the brand uses athletes as ambassador (POP: Competitive) and follows
similar pricing strategy as its rivals. These are the POPs of the brand.
As for POD, the brand serves the need of all
types of sports effectively by maintaining its brand promises and quality. At
the same time, unlike others the brands has PODs when it comes to technology. Since
inception, the brand has went for various product development to come up with
innovative sportswear like customized boots and Nike+Ipod. Also, the brand
produces a lot more casual friendly products that allow people to wear Nike’s
product outside of sporting activities.
These PODs are made based on the
desirability, delivery and differentiating attributes. Customers want quality
and superior products for superior performance which the brand is effectively
providing with its cutting edge technology and unique features. By merging
performance with quality in its products, the brand is going for straddle
positing. Finally the brand mantra of Nike is authentic athletic performance by
maintain authenticity in all of its products and activities that must be
athletic.
Recommendation
Although the brand has an effective positioning strategy, it
will be wiser to tap into the values and beliefs attributes since consumers are
easier to connect through emotions. Also as market leader, Nike needs to focus
in coming up with more unique PODs because their current ones can be adapted by
the competitors. At the same time, it will be more effective if the brand
narrows down the target market because catering the need of a huge market is
very hard if the brand plans to maintain quality and performance with the
available resources.
Reference
1.(n.d.). Retrieved from Nike: http://www.nike.com/language_tunnel
2.(n.d.). Retrieved from
Wikipedia: http://en.wikipedia.org/wiki/Nike,_Inc.
3.Kevin Lane Keller, (2013). 'Customer-Based Brand Equity and
Brand Positioning'. In:Stephanie Wall (ed), Strategic Brand Management. 4th ed.
Edinburgh Gate, Harlow, Essex CM20 2JE, England: Pearson Education Limited.
pp.79-93
4.Grams, C. (n.d.). How to
test your brand positioning: is it desirable, deliverable, and differentiated?
Retrieved from http://darkmattermatters.com/tag/points-of-parity/
5.Points of parity and points of difference. (n.d.). Retrieved from citeman: http://www.citeman.com/990-points-of-parity-and-points-of-difference.html
6.SARKAR, A. (n.d.). Straddle Positioning? Be Careful.
Retrieved from http://www.afaqs.com/planning-room/article/140_Straddle-Positioning-Be-Careful