MARKETING PLAN FOR PUMA CURRENT MARKETING SITUATION Puma was founded in 1924 in Germany‚ by two brothers‚ and it’s first official ‘out’ was in the 1936 Olympic Games in Berlin. At that time all of the German athletic team was outfitted by the company. In November of 2005 PUMA announced that it will sponsor 8 countries in the 2006 World Soccer Championship. One of the countries that is not included is the US. The growing popularity of the brand has resulted in the worldwide sales gain of over
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Strengths Produces High Performance Shoes & gear Sports Fashion and Lifestyle Clothing & Shoes (New Colors & Designes ‚ Driving Shoes‚ Vintage Products‚ buisness travelers wordrobe) Customized Shoes Able to address dedicated market segment needs (eg. Unstealable Bicycle) Weaknesses High Cost Of production Marketing Strategy targets lifestyle eventhough it still makes high performance shoes & equipment Opportunities Untapped Markets in third world countries A Worldwide move towards
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The establishment of puma took place in 1948 by Rudolf Dassler and it became a published company in 1986. Puma’s head-quarters are in Germany. They distribute their products in more than 120 countries‚ employs more than 9000 people and generates revenue of 2.5 million dollars. The present CEO and Chairman of PUMA is Jochen Zertz. Puma has build a strong‚ global endorsement porofolio‚ one that has become the hottest team and star ensembles in the industry. In 1999‚ Puma demonstrated its uncanny
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development plan? • Integration of seven license markets into the PUMA Group – Japan‚ Taiwan‚ China‚ Hong Kong‚ Argentina‚ Mexico‚ and Canada • Worldwide brand sales climbed by over 16% to € 2.8 billion in financial year 2006. • Consolidated sales jumped over the 2 billion hurdle for the first time‚ growing by 34% to just under € 2.4 billion • Operating profit reached € 366 million and significantly exceeded original expectations. • The PUMA share closed the year at € 295.67‚ posting another value increase
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Why So Expensive? College is said to be some of the best years of your life. The parties‚ the freedom‚ and the new experience help you find new friends‚ hopefully a career and yourself‚ but rising college cost are having young adults stressing instead of enjoying the college experience. Every year less and less states are giving their college’s money and more and more students are asking for financial aid or taking out student loans. The more that college tuition continues to rise the more of
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Nike vs Puma Easily the biggest grudge match in Germany this month will not be between two of the countries competing‚ but between homegrown Adidas and‚ of course‚ American arch-rivals Nike. The business media is already hot on the Stripes versus the Swoosh‚ with the German brand reportedly splashing out double Nike’s estimated £60m World Cup marketing spend. But what about the shirts themselves? Which ones would you want to play in‚ and which should be left on the backs of the die-hards down the
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animals who bring nothing but misery and cruelty to the world. An education is one of the most important things one may ever receive in their lives. One can no longer gain any type of employment without a high school education and even college hours‚ so why would society care to hold anyone back from getting an education? Prisoners are having a hard time receiving education in the prison system today. No one seems to care or support prisoners in the challenging process it takes to change their lives
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Making sustainability profitable There is a clear aim of this article ‚which is showing to the readers that if we increase sustainability of a company‚ no matter if it is or without the intention of contributing to a better environment‚ could be somehow combined with increasing the bottom line of a company. In the article there were given six examples of companies that contributed to the environment while increasing their finances. The authors mainly focused on the fact that when increasing sustainability
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Morrison‚ Ysela Logan Company: PUMA Pumas Location: Würzburger Strasse 13‚ D-91074 Herzogenaurach‚ Germany Historical Back Drop: |YEAR |EVENT | |1924: |Rudolf and Adolf Dassler incorporate their first shoe company. | |1948: |Rudolf Dassler sets up his own company Puma Schuhfabrik Rudolf Dassler.
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Is Investing in CSR profitable to business? At any juncture when an organization goes past simply legitimate compliances and emphatically engages in activities that seem to more extensive social good which is for the most part outside the diversions of the firm and is more customized towards the more extensive social responsibility‚ the firm is said to have embraced the concept of Corporate Social Responsibility (CSR) (McWilliams et al.‚ 2006). The terms corporate social responsibility (CSR)‚ corporate
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