LI-NING limited company was found in 1980. At the beginning of its establishment, it cooperated with Olympic team of China to push the development of sports goods. At the same time, LI-NING spared no effort to sponsor all kinds of matches. In 1995, it became the leading sports brand of China. Through exploration over 20 years, it gradually becomes a famous international sports brand representing China. In this report, it makes a marketing plan for the next three years according to detailed analyse of internal and external environment of LI-NING, which is based on the model of Benchmarking, Product Lifecycle and PESTEL. At the same time, it finds the key issues of LI-NING facing through news. Afterwards, according to the key issues, build the feasible objectives. And then it detailed recommend target market segment, positioning and marketing mix and critical factors for LI-NING limited company. Introduction
Li-Ning Company Limited is one of the leading sports brand enterprises in the PRC, possessing brand marketing, research and development, design, manufacturing, distribution and retail capabilities. In addition, the mission of the company is that through sports to inspire people the desire and power to make breakthroughs. The vision is to be a world’s leading brand in the sports goods industry. At the same time, Breakthrough is the core values of LI-NING (LI-NING, 2010). There are a great number of products in LI-NING. However, Shoes of LI-NING is the aim of research in the report. Audit and analysis
A marketing audit is a comprehensive systematic, periodic evaluation of a company’s marketing capabilities. The audit examines the goals, policies, and strategies of the marketing function. Marketing audits are performed on a regular basis by an unbiased, independent company and are used to improve a company’s overall marketing performance or to establish new marketing plans. An effective audit include these six points, they are marketing environment audit; marketing strategy audit; marketing organisation audit; marketing systems audit; marketing productivity audit and the marketing functions audit. (Kotler, et al, 2009) Audit is divided into two parts to analyse including internal and external analysis. Firstly, internal analysis consists of two important points: the performance and determinates of strategic options. And two models will be adopted to make internal analysis, which are benchmarking process and product life cycle. In the performance, it is financial and marketing measures of past and current performance. Benchmarking process
Researching and looking for the best practices in leading companies, it could compare with own enterprise, so that improving to catch up the leading enterprise to enter and create a virtuous cycle of good performance. The key is learning from the best enterprise in the industry. In addition, through the study, the firm could rethink and improve the practices of business management, and then it could create their own best practice. Benchmarking focuses on practical experience and emphasis on specific links, interfaces and processes. (Kotler, et al, 2009) LI-NING regards NIKE and ADIDAS as its main competitors. At the same time, LI-NING is the leading sports brand in PRC. Actually, the product of LI-NING has advantage in the respect of sale, source and price. If it keeps remaining the advantage, it will have a good market share. If it loses the price advantage, although the advantage of brand and development of products still exist, the market share of LI-NING shoes will be decrease. At present, the main gap between LI-NING shoes and NIKE shoes is brand value. As for LI-NING, it is important to improve the value of shoes brand, so that it has the chance to increase market share, even catch up with NIKE and ADIDAS. Advantages and disadvantages of benchmarking
Benchmarking is an effective management tool because it overcomes ‘paradigm blindness’. It gives firms a new...