Preview

Under Armour: Business Analysis

Good Essays
Open Document
Open Document
499 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Under Armour: Business Analysis
Prepare to hire a young generation will help Under Armour save a lot of money and time in the future. According to Gayeski (2015), the most talented young people in high school and college today may not be interested in traditional jobs and it's going to take innovative communication and collaboration strategies to recruit and retain them. Therefore, the company needs to understand how to drive this generation to work efficiency for the company. Traditional jobs in youth’s perspective when there is no separation between “work” and “personal life” because in the past, everyone worked in the family or community of farming business so they were constantly contacted with their friends and everyone knew each other’s skills or unique contributes. …show more content…
They are much less likely to leave for other opportunities if they have friendships at work and affordable and pleasant housing situations. They’ve invested in their college educations. This is why they seem demanding and impatient for raises, promotions, and other types of recognition. Not only does life happen more quickly for them, they’re under greater pressure. Many of them face US$1,000 to $2,000 college loan payments each month and their parents have made huge sacrifices and put great pressures on them to succeed. Therefore, they crave personal and professional development even more than salary because they recognize how quickly knowledge and skills become outdated. And, they’re prepared to job-hop; in college we tell them they’ll likely have dozens of jobs in their lifetimes and probably change their entire career once or twice. So the company should give maternity or paternity leave aligns with this group’s desire for flexibility and availability to family. And also medical and dental benefit is another way to show young employees that they are valued and the company cares about

You May Also Find These Documents Helpful

  • Better Essays

    Under Armour is a company that started IN WHAT YEAR in the basement of former University of Maryland football player Kevin Plank, but is a now large and very well known company. Under Armour has grown to be one of the top selling brands of athletic wear and is rapidly growing.…

    • 806 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Lululemon Athletica Inc. was founded in Vancouver, BC (Lululemon Athletic Inc., 2016). The company designs, distributes, and sells athletic apparel for women and men (Lululemon Athletic Inc., 2016). At their January 31, 2016 fiscal year end, Lululemon earned $2.06 billion in revenue, which was a fifteen percent increase from the prior fiscal year end (Lululemon Athletic Inc., 2016). Lululemon operates 363 retail stores worldwide with locations in Canada, the United States, Australia, New Zealand, the United Kingdom, Singapore, Hong Kong, Germany, and Puerto Rico (Lululemon Athletic Inc., 2016). Of these stores, 61 were opened during the January 31, 2016 fiscal year end (Lululemon Athletic Inc., 2016). The company has plans of further expansion in the future.…

    • 388 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Lululemon was founded by Chip Wilson who took a commercial yoga class in Vancouver and was immediately drawn in to the concept. After spending many years in the surf, skate, and snowboarding business, he found yoga was performed using cotton clothing and this seemed inappropriate because it neither removed sweat adequately nor did it allow for maximum flexibility. Given his passion and expertise in technical athletic fabrics, he began a movement in yoga clothing where he relied on feedback from yoga instructors to optimize his apparel.…

    • 2016 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    Res 351

    • 3122 Words
    • 13 Pages

    Age discrimination is existent. Older employees are defined as members of the “mature” generation (58 or more years old); younger employees are members of three generations—the Baby Boom (post World War II or 38 – 57 year olds), Generation X (23 – 37 year olds), and Generation Y (18 – 22 year olds). “The key to a company’s future success will be its adaptability – its capacity to deploy resources quickly to seize competitive opportunities and to draw from a labor pool that features a mix of multi-skilled, full-time workers, and specifically-skilled, contingent employees who contribute on a part-time or temporary basis” (Hall and Mirvis, 1998). Research is conducted when individuals or businesses want to find out the connection, if any, between two or more things. This paper will discuss, “Will hiring younger employees to take the place of older employees increase the productivity of a business?”…

    • 3122 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    Under Armour’s accomplishment over the last ten years has been nothing but remarkable. However, serious threats to the company growth should be a concern. Under Armour is strongly overlooking the fierce competition in the sports apparel industry that has the potential to seriously hold back the continued success of the company. For instance, the marketing strategy of Under Armour should face severe scrutiny as the company delivers a particularly wide-range of products, still they only focus on their football apparel for male athletes. Their product offerings target a sizeable market and have the aptitude to appeal to a much greater target market. Under Armour produces products for many sports, everything from hunting to lacrosse, yet these products are generally unheard-of.…

    • 502 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Lululemon offers a diverse selection of premium-priced performance products for women, men, and female youths. Their “apparel assortment includes items such as pants, shorts, tops, and jackets designed for healthy lifestyle and athletic activities such as yoga, running, and training… they also offer fitness-related accessories, including an array of items such as bags, socks, underwear, yoga mats, and water bottles” . At the beginning, their products were specifically intended to target yoga practicing people; but now, Lululemon has broadened its product range to address the needs of other activities.…

    • 178 Words
    • 1 Page
    Good Essays
  • Good Essays

    Lululemon Athletica Inc. is one of the fastest growing retailers and designers of athletic apparel that serves primarily in the United States, Canada, Australia, New Zealand, the UK and Singapore. Lululemon is a Canadian based company whose head office is located in Vancouver, British Columbia. This company once had a goal of opening only one store but has now grown into an international yoga inspired athletic apparel company. Lululemon not only offers its customers a wide range of performance apparel but also a variety of fitness related accessories such as socks, underwear, bags, water bottles and yoga mats. They also own a young girl's active brand under the name Ivivva.…

    • 398 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Hiring a fresh graduate is becoming a new trend in the corporate world. Even though this generation has a comparable (also called as Generation Y or Millennia’s) lack of work experience and other management skills, to the previous generation X and baby boomers. The beginning of the Generation Y into the workplace is bringing new changes that need to be addressed. They are looking for a sustainable environment offering a social structure within both a physical and virtual environment. Hence companies are trying to ascertain their attitude and work habits that need to be incorporated into this existing culture. The characteristic of these generations are also defined as, tech savvy, racially diverse, socially more interconnected and collaborative. Bringing fresh and innovative skills to the work place. They have got lots of enthusiasm within them, meaning they are ready to work a more flexible schedule and can also keep a better work/life balance. As baby boomers are readying for their retirement stage, they have carried lot of work experience with them but the problem is “How do they pass on their skills and knowledge to these future generations?” The problem with baby boomers is their unwilling attitude to change their ways, they will always argue stating “this is how I prefer doing my work, or this is how we’ve always done it”.…

    • 3438 Words
    • 14 Pages
    Best Essays
  • Good Essays

    their industry. Dick's Sporting Goods was, and still is, the leading sports industry retailer in terms of revenue. They continue to provide outreach within the communities, and they have established financial prosperity with investors and their shareholders.…

    • 669 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Johnson, G. & Scholes, K., 2009, Exploring Corporate Strategy, London: FT Prentice Hall. (Various editions)…

    • 303 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    •The innovation of the rivets in the jeans differentiated Levi’s jeans from others because of its increased durability. •Over the years, Levi’s jeans have become more popular, initially due to its durability. Jean products expanded, targeting different consumers. •Levi Strauss & Co. eventually captures most of the denim jean market, becomes the largest manufacturer of jeans, and profits reach $1 billion by 1974.…

    • 2383 Words
    • 10 Pages
    Satisfactory Essays
  • Better Essays

    Generation Gap

    • 34329 Words
    • 138 Pages

    by Wipanut Venique Govitvatana A Research Paper Submitted in Partial Fulfillment of the Requirements for the Master of Science Degree in Training and Development Approved for Completion of 4 Semester Credits TRHRD-735 Field Problem in Training and Development…

    • 34329 Words
    • 138 Pages
    Better Essays
  • Good Essays

    Analysis Of Uniqlo

    • 842 Words
    • 4 Pages

    This 2016, Uniqlo introduce their first-ever global ad campaign showing how Uniqlo seriously into the clothing business. The theme for this ad is called “The Science of Lifewear”. This ad campaign showcases Uniqlo’s unique approach in terms of clothing and additionally its libertarian offer, with a dress it jumps at the chance to say is “made for everyone, everywhere.”…

    • 842 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The title of this journal is Essential elements for recruitment and retention: Generation Y. journal written by Jenna Luscombe from School of Psychology and Counseling, Queensland University of Technology, and Ioni Lewis and Herbert C.Biggs from Centre for Accident Research and Road Safety- Queensland (CARRS-Q), Queensland University of Technology, Kelvin Grove, Australia and Institute of Health and Biomedical Innovation, Queensland University of Technology, Kelvin Grove, Australia. Generation Y (Gen Y) is the newest and largest generation that entering the workforce. Gen Y may difference from previous generations in work- related characteristics which may have recruitment and retention repercussions. Limited theoretically based research exists regarding Gen Y work expectations and goals in relation to undergraduate students and graduate. The purpose for doing this research is to address the gap in the research between working and student Gen Y. Furthermore, the research objective for this research is to investigate a range of work-related issues for the extent to which they may represent the work expectations and goals of two groups of Gen Y working and student. The research question is what are the range of work-related issues that working and student Gen Y may represent in work expectations and goals?…

    • 837 Words
    • 4 Pages
    Good Essays
  • Good Essays

    China market is drastically growing at a rate of approximately 30 percent since the past recent years. Therefore, from a business standpoint it is logical and best for Nordstrom to expand in a country where the retail industry is developing; so, Nordstrom can get an opportunity to significantly contribute to the country’s economy and Gross Domestic Product (GDP). This opportunity seems promising and solid if planned work and decision-making are executed effectively. The government of China consists of business licenses and enrollment applications for International companies that wants to expand in China.…

    • 828 Words
    • 4 Pages
    Good Essays