Enhancing the Marketing Plan Essay Example | Topics and Well Written Essays - 1250 words

Enhancing the Marketing Plan - Essay ExampleFurther, the macro environmental factors will also be considered in the paper to understand the significant trend which can extend to on the business of the company. Companys Competitor Genos Sports change state deals in athletic footwear and habit products and seeks to achieve higher sales and dandy dent reputation. The athletic footwear and apparel industry is considered as highly competitive as there are several big players in the mart where Genos Sports Apparel operates. The study competitor of Genos Sports Apparel in terms of athletic footwear products is culture Line which operates in the similar marketing segment. Besides close Line, Genos Sports Apparel also faces a direct competition from other athletic level-headeds providing organizations such as Payless ShoeSource, Dicks Sporting Goods among others. The major strengths of Finish Line, one of the biggest competitors is the ability to understand the preferences of custome rs and act accordingly. Thus, the company offers coupons and discounts to the customers to increase sales. Finish line is overmuch concerned about promoting latest products to the customers. The major weakness of Finish Line has been the upshot of retail outlets. The number of stores of Finish Line is less which creates difficulty for the company to distribute products effectively. Besides, providing newest products can also cost to a greater extent and are inefficient in this business environment as many customers can concentrate on saving money and purchasing inexpensive products due to economic downturn (Sweeney, 2009). The other competitors named Payless ShoeSource have good geographic location which provides the company a competitive advantage. Its business is expanded in almost 50 counties within the international market. Payless ShoeSource has great financial strength which helps to spread the business globally. Besides, the sales in womens shoe category are strong and the company has also strong position in the market of the USA. The major weakness of Payless ShoeSource is higher fixed cost which led to lower profit margin. Furthermore, the company experienced huge amount of loss due to surplus inventory. The business of Payless ShoeSource is highly reliant on terce party producers which make the company much vulnerable to survive in the competitive market (Cullin, 2007). preeminence of Products Differentiation is necessary in order to improve the business and develop a unique brand identity. The main differentiation of Genos Sports Apparel with respect to the other competitors is the innovative marketing strategy. Genos Sports Apparel will provide tailored retailing programs and develop exclusive store atmosphere which replicates a diaphanous retailing style than other rivals. The effective enactment of this strategy helps the company to increase the customer home base and preserve brand reliability. Genos Sports Apparel can also differentiates the brand from closest competitor Finish Line through providing customers with ranges of athletic attires which are designed according to their requirement. The company needs to offer focus collection of sports equipments to the customers which is the other differentiating factor (Sweeney, 2009). Through the advanced marketing communication strategies, such as implementing good customer service model, Geno