Monday, July 29, 2019
Writer's choice Essay Example | Topics and Well Written Essays - 250 words - 12
Writer's choice - Essay Example competitive advantage over a competitor, the company has employed various marketing strategies that help it in reaching out to its wide range of customers all over the place. Production of different sports wear for the different sports is among the strategies that the company uses in its market dominance. A marketing mix helps the company in producing sportswear that satisfies the different sports participants. SWOT analysis is also another concept that the company has been using in dealing with its business strategy. This involves analyzing a companyââ¬â¢s strength, weaknesses, opportunity and the threats that the business is prone. This helps in the growth and development of the companyââ¬â¢s strategic plans involving its marketing the goods and services. Lululemon is a clothing company that produces clothes of different models and fashions for running, yoga, working out as well as sweaty clothes. The company makes the clothes for different clients both male and females. The concept of capturing both the male and the female genders makes the company have a wide range of customers. This is a marketing mix that targets both genders thus having the maximum number of clients. This makes the company have a competitive edge over the other competitors. Having well distributed retail shops all over helps the company to reach out its extensive number of customers all over the world. This also brings out the customer satisfaction thus earning customer loyalty. This involves the satisfaction of different customers with different tastes of the goods and services. This is achieved through the production of goods with different styles and models. By having a wide range of products, the companies would have the wider range of customers to offer their services to (Paley, 2007). A marketing mix would greatly serve the different cohorts in the different
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