Preview

A Research Report on Marketing of Sports Goods Products

Powerful Essays
Open Document
Open Document
1315 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
A Research Report on Marketing of Sports Goods Products
INTRODUCTION
The Indian sports goods industry has expended to include the areas of Meerut (Uttar Pradesh) and Gurgaon (haryana). Most of India’s sports goods are exported to the United Kingdom, the United States of America, Germany, France and Australia. The industry is mainly concentrated in ‘Jalandher’ and ‘Meerut’. The sports goods industries in India has witnessed a phenomenal growth over the past five decades and now occupies a place of prominence in the economy in view of its massive potential for employment, growth and exports. It is situated about 85 Kms. from Delhi. Sports manufacturing units are mainly concentrate in and around Meerut and Jalandher in India.

INTERNATIONAL TRADE
Mishra M.N. expressed his views about the history of foreign trade saying. “ India foreign trade had glorious past. It enjoyed favorable. Balance of payments since long. But the British destroyed its importance by their policies and practices. History can itself the role of India in the world trade. Before the intrusion by England, India was mainly an exporting country of manufactured goods.

SPORTS INDUSTRY The sports industry in India has witnessed a phenomenal growth over the five decades and now occupies a place of prominence in the Indian economy in view of its massive potential for employment growth and export. According to an article in Chamber Patrika, Shri Murasali Mmaram , Union Minister of Commerce and Industry, has announced the Medium Term Export strategy for a 5 years period from 2002-2007.

MARKETING Marketing is challenging and exciying. The solving of marketing problems requires insight, experience and analytical ability. Take the case of a company faced with the problem of increasing its sales. Increase in the sales at the expense of profits may not be a desirable objective. Again there are many ways in which sales can be increased e.g. by finding new customers or selling more to existing customers.

MARKETING STATEGY
The word “Strategy” has been

You May Also Find These Documents Helpful

  • Good Essays

    Sh3050 Unit 4

    • 4636 Words
    • 19 Pages

    Marketing is an essential part to the Organisations survival as we live in a customer driven environment that is possessed with endless aggressive competition. Thus the marketing process and effectiveness is important.…

    • 4636 Words
    • 19 Pages
    Good Essays
  • Good Essays

    Marketing is a function within in a business that has become increasingly important over the years. Long before the growth of the web , it was essential for businesses , if they were to compete successfully , to think about how their products would meet the needs of the people who might buy them. If they failed to do this , people would stop buying the products.…

    • 918 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Improving marketing has become a top priority of successful inventors and corporations. Most corporations’ research different groups and needs in the marketplace, satisfy the consumers in a superior way by targeting their wants and needs. All marketing strategies are built on segmentation, targeting, positioning, and then position its offering so that the target market recognizes the company’s image and terrific offerings. There are many different business areas which will sometimes play a huge factor such as, finance, accounting, information systems, marketing, and strategic management.…

    • 713 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Exam 2 Sports Marketing

    • 937 Words
    • 6 Pages

    3. Fans who attend sporting events primarily for the social interaction or entertainment benefit of the event are said to possess _____.…

    • 937 Words
    • 6 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The competition in a sports good industry will be high; it is easier for other companies to enter this industry. In such a situation, new entrants could change major determinants of the market environment (e.g. market shares, prices, customer loyalty) at any time.…

    • 326 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    3 PLUS 1 Splash | THE OFFICIAL SITE OF THE DETROIT PISTONS. (n.d.). 3 PLUS 1 Splash | THE OFFICIAL SITE OF THE DETROIT PISTONS. Retrieved January 10, 2014, from http://www.nba.com/pistons/…

    • 1163 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Marketing is extremely important when it comes to a product or service. If a business markets their product in the right manner, their business will skyrocket in yearly turnovers, making the business wealthy. If a business is able to do this, they may transform from a small, one location business, to a multi-nation franchise that is well known by the majority of retail shoppers.…

    • 1554 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Britain was a strong proponent in the trade ecosystem of Europe however, they always seemed to take advantage of their trade partners. Britain had large stakes in the trade environment in Europe which included India. If a graph of India’s GDP is matched up with British GDP it is clearly visible that there is a large gap between the two, Britain has almost 10 times the GDP of India. That disconnect is startling when you realize that India is the one supplying Britain with a large portion of their raw materials that they are turning into good and selling directly back to its colonies like the ones in India.…

    • 540 Words
    • 3 Pages
    Good Essays
  • Better Essays

    A sport marketing manager works for a sports marketing firm or for a sports organization directly. The primary role of the specialist is to think outside of the box in an effort to choose the right marketing tactics to promote specific sporting events and teams or even to promote products and services that are sold in retail stores or arenas. The sports organizations will use a good mix of both traditional and online marketing techniques to reach a target audience and increase merchandise and ticket sales. It will be the marketing manager job to research markets, determine the barriers and choose the appropriate channels for marketing that will keep costs down and generate revenue.…

    • 1328 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Over the past two decades marketing has seen various changes. These changes are mainly coming from the intervention in technology, especially with the application of information technology (IT). Yet, as more marketing changes, more it seems they are the same. It is still a dynamic, competitive and creative activity that is the part of our day to day life. Marketers always wanted to understand the need of the market and try to satisfy the consumer demand. For this, they create or modify products or services, communicate about the new products or services and their benefits, distribute and sell in such a manner so that customers can get the maximum value from the product/services. In this process, they have to understand the target segment, their willingness to buy and ability to buy, economic condition, communication strategy, competitors offering in the market, pricing strategy, supply chain network,…

    • 458 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    P1 Unit 3 Business Btec

    • 1364 Words
    • 6 Pages

    Marketing means sorting out customers’ needs as well as finding the right product or service to make sure the needs are met. In doing so it will make sure the levels of sale would go up.…

    • 1364 Words
    • 6 Pages
    Good Essays
  • Good Essays

    In particular marketing activities attempt to increase a firms' revenue base, by showing the importance of attracting potential customers in target markets to purchase the firms' products in order to satisfy their wants, rather than those of firm's competitors. Consequently, the marketing directly contributes to the attainment of the financial goals of the firm. Hence, the success of a firm is reliant upon the extent to which it is able to identify, and satisfy the customer's needs more effectively.…

    • 765 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Jd Sports and Oxfam Analysis

    • 3702 Words
    • 15 Pages

    Explain the points of view from different stakeholders seeking to influence the strategic aims and objectives of your two contrasting organisation?…

    • 3702 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Sports Marketing

    • 757 Words
    • 4 Pages

    Marketing has become a vital part of sporting events in our country. When market researches use the four P’s to marketing; product, price, place and promotion they are more likely to be successful. NASCAR is a good example of a sporting event that spends a lot of money in market segmentation and marketing research. By doing so, NASCAR is able to find their target market and design their advertising for that particular market.…

    • 757 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Marketing is an “essential department of an organization” (Jiang, 2009), therefore it is vital to place a certain type of individual in the management position to manage this functional area. Specific tasks that are completed in this department are research of current and future market prospects and developing of new ideas that turn into products and services (Jiang, 2009).…

    • 1013 Words
    • 5 Pages
    Good Essays

Related Topics