Under Armour By: Matt Bertone, Ally Liguori, Ryan Diamond and Cam Knights Outline • Company Overview • Company Organization Chart • Business Level Strategies • Goals • Multidomestic Strategy • Challenges in China • Management Policies • Employee Capacity • Keys to Success Company Overview • Focuses on sales of performance apparel • Important dates in history . . . – 1996 ‐ founded by Kevin Plank • College football teams began wearing his “T‐shirt” – 1998 – signed a deal with uniform provider @ WB – 2001 – MLB, NHL, NFL (products available in 2500 retail stores) – 2005 – expanded their product line for women Company Overview • Market more then just T‐shirts • Product Line . . . – Sweatshirts – Sweatpants – Socks You name it, they probably sell it! – Shorts – Hats – Spandex – Fleece Jacket – Long Sleeve T shirts – Sunglasses – Cleats Company Overview • CEO – Kevin Plank • CFO – Brad Dickerson • COO – Wayne Marino • Employee count 3,000 – Expected to see a 36.4% increase • Net Income for 2009 – $46.8 million which was a growth of 22.4% from previous years • Sales for ending fiscal period in Dec 2009 – $856.4 million Company Overview • Under Armour has initiated business internationally but we feel that moving the company into Beijing China will be extremely successful. – Huge population – Booming Economy – Chinese Love Great Deals • Must keep in mind competitors (Nike, Reebok,Adidas) • Our goal is to be the next NIKE Company Organization Chart PUMA New Balance Reebok Columbia Sportswear Basic Business‐Level Strategies • Differentiating‐ unique and superior product – “For us, the key driver is to offer products that are better than what is currently in the market, best in class.” • Core competencies‐ ability to innovate products – our mission: “to make all athletes better. Through passion, science and the relentless pursuit of new innovation.” • Distinctive competency‐ always manufacture long lasting quality products “best in class” Locations and competitiveness • Factor conditions: cheap labor and highly skilled workforce make for competitive production • Demand conditions: growing economy, desire for brand names, and goal of living healthy lifestyles. Locations and competitiveness • Related and supporting industries: There are now about 80 department stores in Beijing. A full range of local and imported brands are sold at specialty counters at Cuiwei Tower, Zhongyou Department Store, Blue Island Mansion, and Constellation Department Store. These stores can help us sell our product • Firm strategy, structure and rivalry: major competitors like Nike, Rebook and Adidas are sold in Beijing therefore our products need to be more unique and superior for an affordable price to compete with these companies
Description: