Nike Goddess: Redefining Women's Market
The Strengths of Nike Goddess
The Weaknesses of Nike Goddess
On the flip side, Nike Goddess faces challenges such as poor employee conditions in foreign nations, including low wages and unsafe labor practices. The business is also sensitive to price fluctuations, as retailers hold significant power. Furthermore, pending debts pose a financial threat, and heavy dependency on the US market can be risky.Opportunities for Nike Goddess
With emerging markets opening up, Nike Goddess has the potential to expand its presence globally. Additionally, in the innovative technology and fitness sectors, the company can tap into new opportunities for growth.Threats to Nike Goddess
The presence of fake products in the market poses a threat to Nike Goddess, potentially impacting their revenue and brand reputation. Intense competition from similar brands requires increased investment in marketing and advertising to maintain market share.What strategies can Nike Goddess implement to address the weaknesses identified in the SWOT analysis?
Nike Goddess can improve employee conditions in foreign nations by implementing fair wages and ensuring safe labor practices. To address the sensitivity to prices, the company could explore diversifying their product range to offer options at various price points. In terms of pending debts, Nike Goddess should focus on financial restructuring and debt management strategies to alleviate this risk. Additionally, expanding into new international markets and diversifying product offerings can help mitigate the dependency on the US market.