Marketing Strategies
The objectives have been set. Strategies have to be built to achieve these objectives.
Growth Strategy.
Ansoff Matrix:
Market Penetration: opening more retail outlets (increasing market penetration).
Product Development: continuing to invest in new product development especially focusing on
anti-shock footwear products.
Market Development: 1) enter new markets or segments with existing products. 2) Enter oversea
market. But marker development also involves moderate risk. There is a lack of familiarity with
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customers but at least the product is familiar. So market development in UK will require changes to
marketing strategy in China.
Diversification: develop different sport products, such as sports equipment or sport cars.