Preview

Timberland

Good Essays
Open Document
Open Document
944 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Timberland
Savitha Bangalore
1. The iF was set with a vision for developing breakthrough products that will enhance and extend Timberland’s brand equity, foster business opportunities, and drive profitability over the long term. The iF, started with the concept that better ideas would be built through cross-functional product creation, combining design, development, and manufacturing. The “duct tape” approach lead to pure data collection, with this research iF team was able to put technologies together in a new way to solve an undefined problem. Innovation was definitely working. What the IF team lacked was innovation and integration process. Before launching the product iF team should have considered the optimal combination(s) of product components that appealed to the broadest number of consumers and How to price those packages to maximize revenue. They should have gotten the in-line team input on what sells best.
2. After the failure of travel gear, the iF team created a formal four phase innovation process: 1) Understand, 2) observe & visualize, 3) evaluate & implement, and 4) transition. This helped them concentrated on broad issue of improving shoe fit while reducing complexity in the shoe sizing process, which meant significant efficiency gains, service improvement, and enhanced margins. They did more statistical analyses and began to identify trends and relationships between the various data points that were collected. In parallel with their scientific research, iF also concentrated on marketing plan how the product could be launched, supply chain issues, and inventory management challenges. A pilot study was conducted before the launch and the in-line teams input were taken into consideration to reshape the original design to better meet the needs of their line.
3. Discovery-driven planning is a practical tool that acknowledges the difference between planning for a new venture and planning for a more conventional line of business. Conventional

You May Also Find These Documents Helpful

  • Powerful Essays

    JGT Task 3

    • 1072 Words
    • 4 Pages

    In this task, we were asked to decide which method Shuzworld should consider for the manufacturing of its sneakers at all possible volumes of output. The possible methods to be considered are:…

    • 1072 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    The following paper is the last step in the final marketing plan for Team C’s newly created product for an existing company, which in this case is Nike Corporation. The team was required to compile the last four weeks of assignments in which the team discussed the different aspects of marketing a new product. In this final phase of the five week long assignment, the team was to combine their Strategy and Positioning and Product, Pricing, and Channels papers along with their promotional strategy for the new running shoe into a single Marketing Plan.…

    • 4965 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    Holey Soles

    • 1331 Words
    • 6 Pages

    This case analysis will focus on the issues surround the lifestyle product company Holey Soles. Psychologist Ann Rosenberg founded the company in September 2002. She initially operated in her garage and backyard, until she recruited Joyce Groote (now current CEO of Holey Soles) and expanded the company into other parts of North America. Holey Soles focuses on creating innovative footwear made from their trademarked technology SmartCel and SoleTek, which is an injection-molded foam technology. As of July 2007, sales had grown at 300% in each of the last two years and the company was ranked number four in the 2006 Profit magazine ranking of Canada’s Emerging Growth Companies. However as they continue to operate, they find themselves getting pushed back by their number one competitor, Crocs. By mid-2007, Crocs sales were 33 times the sales of Holey Soles. Holey Soles has a revenue target of $40 million by 2009, and to achieve this target, they will need to focus on the issues surrounding their company and hindering its growth. We have decided that the core issue surround the company is how to reach the goal of $40 million. They need to address the possible alternatives of either expanding into other products besides footwear, implementing a more aggressive marketing strategy, changing their 2-year goals completely, or maintaining the status quo. These alternatives will depend on the assessment of the time frame, cost, and current and potential competition. Upon analyzing all situations and alternatives, we have decided that the best solution for Holey Soles would be to expand the company by creating other product lines made form their trademarked technology. Only through this method will they be able to generate enough revenue to meet their $40 million goal.…

    • 1331 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Shuzworld Analysis

    • 5851 Words
    • 19 Pages

    Introduction: Shuzworld is a national retailer based in Omaha, Nebraska that focuses on selling shoes, boots, and sandals. In addition, the company produces its own line of products that include work boots, sandals, rubber boots, and rainwear; along with sport and adventure footwear (MindEdge, 2014). The purpose of this report is to provide recommendations based on several analyses involving the company’s workflow, costs associated with a new product line, and the staffing plan at the Shanghai plant.…

    • 5851 Words
    • 19 Pages
    Powerful Essays
  • Good Essays

    Nyke Shoe Company has been in business for over 50 years. Over the last five years, the company has been undergoing some financial hardship due to an erratic market and an inability to understand what the consumer actually needs. In a last ditch effort to avoid bankruptcy, they have adopted a new business model which entails the development of only one shoe size. In order to achieve this goal, statistical data must be utilized and applied to make the best choice. The data used will be explained to the fullest and a conclusion will be then obtained.…

    • 940 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Case Study Damn Heels

    • 1045 Words
    • 4 Pages

    The Damn Heels case study is about a female business student form Ryerson University in Canada. She came up with the idea to turn heels into flat bottomed shoes. The reason behind this was to allow women to wears heels during the main events they were attending, and then when the events were over they could then transform the heels into heelless flat bottomed shoes. These shoes are planned on being issued at a lowered price point of $20 dollars compared to their competitors. There is no other product like there so it is important for Coleman to expand her brand name. She is currently focusing on the Chinese and North American retail markets. This case study goes further detail about her SWOT Analysis and other marketing strategies.…

    • 1045 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    Timberland Case

    • 994 Words
    • 4 Pages

    Please look up answers from Section IV of the course--the Historical Periods-- and listen to excerpts from the course for the listening questions below to be well-prepared for the Proctored Final Exam. Give yourself plenty of time to listen and to study.…

    • 994 Words
    • 4 Pages
    Good Essays
  • Better Essays

    In comparison with Patagonia, BG Group’s primary customer will be lowly educated, low income consumers of average quality outdoor apparel and equipment, but with a focus on fashionable apparel and dependable equipment. Patagonia is not a low cost provider, develops products for the “core user”, charges higher than the industry average, ignores fads and the next generation customer, and views things in psychographics rather than demographics. Yet globally, the younger population tends to be the most adventurous, fashion focused, has the least amount of funds to disburse towards purchases, and remains as loyal as older individuals to their most liked brand names. By charging less, BG Group will plan to sell more in bulk and mass produce, which will dramatically lower costs of production. “Hard core” followers, those persons who are extremely environmental conscious, are few and far between in this generation. Hence, Patagonia’s median customer age is forty-four. However, the next generation is more aggregate based rather than detail based, enjoys the never-ending challenge of conquering nature over the weekly athletic adventure, does not focus on environmental friendly equipment, and the professional backgrounds of a company. The next generation wants to be fashionable, but still have dependable, long lasting material and equipment. The VP of…

    • 1724 Words
    • 7 Pages
    Better Essays
  • Good Essays

    Mercury Athletic Footwear

    • 692 Words
    • 3 Pages

    Active Gear, Inc. is a privately held footwear company with $470.3 million in revenue in 2006, making it relatively small compared to big players in the athletic and casual footwear industry. Eyeing an opportunity for growth via a bolt-on acquisition, John Liedtke, head of business development for the company, is looking into acquiring a subdivision of West Cost Fashions, Inc., Mercury Athletic. With 2006 revenue of $431.1 million, Mercury Athletic represents a similar market share in the mature, highly competitive industry. Liedtke believes the acquisition would help nearly double Active Gear’s revenue, and is confident that West Coast Fashions will be approaching Active Gear soon with an offer. Preempting analyst calculations and the West Coast offer, Liedtke wants to perform his own analysis of the potential acquisition.…

    • 692 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Phil Knight bio

    • 1604 Words
    • 7 Pages

    The sports apparel and equipment industry is growing rapidly and is estimated to be worth over $126 billion by the year 2015 according to Global Industry Analysts. This industry has a growing market because people are becoming more health conscious. Thus, Sports apparel and equipment are in demand, which leads to a very highly competitive market. Demand refers to how much of a product or service is desired by consumers (Wise, 2012). Nowadays, even well established brands are forced to tweak and modify their products in order to maintain their market share. More and more consumers are demanding more versatile products with a wide range of functionality. Changing fashion trends, tough competition and more price-conscious shoppers are just a few of the many challenges faced by businesses in this industry.…

    • 1604 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Decision Analysis Task

    • 3292 Words
    • 14 Pages

    As I reached the Shanghai plant, I received a warm welcome by the plant’s operating director Mr. Alistair Wu. Wu is responsible for production at all the three facilities in China. His team was eagerly waiting for me for my help on finding the ways to improve efficiency and they were willing to put into effect any recommended improvements. After taking a tour of the plant, Wu introduced me to Catherine Pang, one of the line managers. Wu explained the assembly line issues in the production of Rugged Wear Work boot product. The plant is budget to produce 6 work boots per hour and operates 40 hour workweek. The Rugged Wear Work boot has been design as steel tipped boots and hence it takes longer than usual to make. The assembly process of these boots consist of 8 steps as part of the assembly of the boots and below is the schedule, performance time with sequence requirements.…

    • 3292 Words
    • 14 Pages
    Good Essays
  • Good Essays

    Toms Shoes

    • 1082 Words
    • 5 Pages

    The philanthropic for profit model allows for a sustainable continuous business to help children all over the world in need because of the profit it is able to turn. It also allows for interns to strengthen his or her resumes with an updated work summary of the experience they gained at TOMS. The interns are also provided with guidance on future development career goals. The philanthropic for profit model however, may make people in poor countries dependent upon the good will of others rather than creating opportunities for them to better themselves. As a for profit business, TOMS will constantly have to balance the financial aspects of its for-profit business with the humanitarian elements of its philanthropic organization. It will be necessary for TOMS to monitor business activities such as factory compliance, sustainability, finances, and even its Shoe Drop operations in order to maintain appropriate business conduct. The company will also need to innovate at a constant. With consumer tastes constantly changing, TOMS must remain vigilant regarding new designs and products. The risks of outdated styles and designs plague the fashion industry. Therefore, TOMS must remain proactive in managing these risks to…

    • 1082 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    High demand for quality and reduced lead times led the company to a self-sufficiency approach on streamlining its entire value chain from raw hides to finished shoes unlike its major competitors who only designed and marketed their products without in house manufacturing.…

    • 1722 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Marketing

    • 295 Words
    • 2 Pages

    The strategic implementation of Fresh Funky Feet will follow a cost leadership strategy, as we strive to gain significant market share in the North American and Asian Pacific regions. Our core strengths will be positioning our product differently than other competitors in the areas of production and cost. In the areas of manufacturing and human resources we plan to build and maintain steady growth as the company will spend significant resources in upgrading our production facilities and providing our staff with all the needed tools and knowledge to maximize efficiency at all level s of production. Although this will not be an easy task to achieve, we plan on reaching this goal by assessing all the risks that come with loans we take out, under and over production of products, and market demands. Unlike other company’s we plan on pursing steady growth and sustainability, therefore in the first few years our assets will be focused in the areas of plant upgrades, employee training and brand awareness/positioning. We strongly believe these factors are the key to our success and growth as a company. Furthermore the capital invested in production capabilities will allow us to later expand our product lines with new innovations and offer our customers a higher quality premium brand. The marketing plan of our company will focus on turning our current product into a cash cow, which will later fund other products and projects. In order to achieve this function the marketing of our current product will focus on the segments of both women and men between the ages of 14 to 35 who are active and enjoy quality footwear at a relatively low cost. Capturing a significant portion of this segment will greatly benefit our company due to this segments large disposable income…

    • 295 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    An analysis and evaluation of the critical success factors and marketing mix of TOMS Footwear Company…

    • 1713 Words
    • 6 Pages
    Better Essays