Compare and Contrast the Marketing Strategies of Li Ning Domestically and Internationally
Compare and contrast the marketing strategies of Li Ning domestically and internationally
With the development of Chinese economy, sports industry has become one of the new industries in china, which has large market size and high growth rate (Qinqin, n.d.). In Chinese sports area, Li Ning brand, built by famous gymnast Li Ning (Enright, 2012), is the market leader and owns about 8000 hypostatic shops domestically (Zhang,2011). Similar to some international famous brands like Nike and Adidas, Li Ning intends to enhance influence by exploring international market (Sauer, 2012). For this reason, the essay will compare and contrast the marketing strategies of Li Ning domestically and internationally. A close look at the sources available, it seems that the topic could be analyzed from the internal aspect such as sales methods, promotion and the external aspect such as consumption concept and competition. The essay will compare and analyze Li Ning’s marketing strategies by the internal and external aspects’ factors.
From the internal perspective, there are two main sales strategies should be considered as follows: sales methods and promotion. In regard to sales methods, Li Ning implements entity sales and e-commerce sales at home and abroad simultaneously (Anon, 2011a, Voight, 2012 and Zhang, 2011). Nevertheless, the focus of sales methods might be different considering the contrasting name reputation domestically and internationally. Li Ning, named after china’s gold-medaling gymnast, is very famous in china, especially after the 2008 Olympic Games in Beijing (Enright, 2012). As typical local brand with high name reputation, Li Ning chooses entity sales as its main way of sale domestically and there are almost 8000 hypostatic shops in china (Zhang, 2011). Whereas the name Li Ning perhaps unfamiliar in the West. For instance, the marketing firm tested the brand with U.S. customers and the result shows that brand awareness was almost 0% (Enright, 2012).
With the development of Chinese economy, sports industry has become one of the new industries in china, which has large market size and high growth rate (Qinqin, n.d.). In Chinese sports area, Li Ning brand, built by famous gymnast Li Ning (Enright, 2012), is the market leader and owns about 8000 hypostatic shops domestically (Zhang,2011). Similar to some international famous brands like Nike and Adidas, Li Ning intends to enhance influence by exploring international market (Sauer, 2012). For this reason, the essay will compare and contrast the marketing strategies of Li Ning domestically and internationally. A close look at the sources available, it seems that the topic could be analyzed from the internal aspect such as sales methods, promotion and the external aspect such as consumption concept and competition. The essay will compare and analyze Li Ning’s marketing strategies by the internal and external aspects’ factors.
From the internal perspective, there are two main sales strategies should be considered as follows: sales methods and promotion. In regard to sales methods, Li Ning implements entity sales and e-commerce sales at home and abroad simultaneously (Anon, 2011a, Voight, 2012 and Zhang, 2011). Nevertheless, the focus of sales methods might be different considering the contrasting name reputation domestically and internationally. Li Ning, named after china’s gold-medaling gymnast, is very famous in china, especially after the 2008 Olympic Games in Beijing (Enright, 2012). As typical local brand with high name reputation, Li Ning chooses entity sales as its main way of sale domestically and there are almost 8000 hypostatic shops in china (Zhang, 2011). Whereas the name Li Ning perhaps unfamiliar in the West. For instance, the marketing firm tested the brand with U.S. customers and the result shows that brand awareness was almost 0% (Enright, 2012).
References: Anon. (2011a) Li-Ning plans global push [online] London Warc. Available from: http://www.warc.com/Content/News/Li-Ning_plans_global_push.content?ID=e7907838-2cd7-4859-ae44-f1695abdbd52&q= (Accessed: 3 October 2012). Anon. (2011b) China 's Li-Ning Takes on Nike, Adidas With U.S. E-Commerce Site [online] New York Ad Age. Available from: http://adage.com/article/cmo-interviews/china-s-li-ning-takes-nike-u-s-e-commerce-site/231642/ (Accessed: 3 October 2012) Anon Enright, A. (2012) Li-Ning makes its U.S. debut [online] Chicago Internetretailer. Available from: http://www.internetretailer.com/2012/01/16/li-ning-makes-its-us-debut (Accessed: 3 October 2012). Ranasinghe, D. (2012) No Medals for China’s Sportswear Firms [online] US CNBC. Accessed from: http://www.cnbc.com/id/48454835/No_Medals_for_China_s_Sportswear_Firms (Accessed: 3 October 2012). Voight, J. (2012) Video Is Lifeblood of Li-Ning 's 'New China ' Sneaker Launch [online] New York Clickz. Available from: http://www.clickz.com/clickz/news/2166538/video-lifeblood-li-nings-china-sneaker-launch (Accessed: 3 October 2012). Wen, W. (2012) Li Ning rejoins race in children 's wear market [online] China Chinadaily. Available from: http://www.chinadaily.com.cn/business/2012-05/12/content_15276320.htm (Accessed: 3 October 2012). Zhang, D. (2011) Li-Ning sportswear looks to win overseas [online] London BBC. Available from: http://www.bbc.co.uk/news/business-12665597 (Accessed: 3 October 2012). Zhang, X. (2012) ‘Marketing Plan for Li-Ning Product Expansion in UK’, Lecture Notes in Information Technology, Vol(14), Wuhan, China: Dept. of Sports Economics ＆ Management, Wuhan Inst. of P.E.