Prince Case Study Essay

Over the years Prince has proven themselves as an industry leader in tennis racquets and equipment that has transformed the game of tennis through their innovations. They have proven themselves as innovators through their development of the first synthetic gut string and many other things that have met the levels of all tennis players.

As the world of tennis changes and the number of participants increases, Prince is once again faced with a challenge to reinvent themselves to meet the demands of 21st century tennis players. The growth in tennis participation results in a change in the market environment and requires Prince to think of new ways to stay ahead of competition.

In the 21st century the presence of technology and social media are two major tools that can be used to Prince’s advantage. Prince’s first attempt to use technology in a new racket innovation was a failure.

They released aracket with “O Port” holes that was supposed to improve racquet speed. “The idea was to differentiate itself from the marketplace, but it wasn’t necessarily what the market wanted” (Rovell, 2012). Knowing the market demand when releasing a new product is one of the most important details to ensure success.

Another issue they faced in the release is they put all their faith into this new development and lost focus on the other products that made them who they are today. To reverse this mistake I feel it is the right time with the tennis market growing to release a new type of racquet. This must meet the demand of the new emerging market while still paying attention to their older market to continue growth without loosing consumers. They can achieve this by directly contacting consumers and seeing what they would like or feel they are missing in a tennis racquet.

Another idea to steer away from their last racquet release would be developing three new racquets that meet the need of each group. I don’t think its possible to develop a racquet that caters to all strokes and levels. I feel that using new technological developments to design a racquet based upon the three different strokes would meet the needs of all levels of their market.

Along with the growth of the tennis industry, Prince needs to continually market themselves and the industry to influence consumers to invest in their products. To accomplish this Prince could host local tennis tournaments in cities to get people playing the sport. As a result this would link tennis directly to their brand which markets themselves and the sport all in one to maximize profitability and gain consumer awareness.

To increase their market segment and reach a new audience to increase their market presence they could sponsor a school tennis team or donate racquets to a school to get kids into the sport at a young age. If the child enjoys the sport the odds are the parent will purchase their products from Prince which is a great way to get a younger audience into the sport and also use this as a social media opportunity.

They could start an after school tennis program with school where they donate equipment and teach kids the sport while keeping them active and out of trouble. This could certainly result in many opportunities for social media and increase brand awareness through their donations. Parents are always looking for ways to keep their children active and out of trouble so this serves as a great opportunity to do so and once again allows them to diversify their market and give them a competitive edge.

As Prince begins to grow their company in attempt to keep up with 21st century demands they will need a new way to market and promote themselves to keep ahead of competition. One way to do this is hosting a sponsorship for players that can be promoted through social media such as twitter and Facebook. It is important for Prince to reach a younger audience and their large presence on social networks makes it important for them to gain as much presence through social media as possible.

Read also  Principles for Implementing Duty of Care in Health, Social Care or Children's and Young People's Setting

Each market segment has a different way to be reached so it is important for Prince to understand each of those markets and then decide how they will promote themselves according to their demands.

The large number of distribution channels within Prince poses challenges but also holds many opportunities for growth. One of the most important distribution channel is mass merchants such as Wal-Mart. It is important that their presence within mass merchants is well received and this can be

done by setting up specific displays to promote their product in which the general consumer of these stores will relate to. The way a product is promoted in Wal-Mart may be very different than the way its promoted in a specialty store.

I feel that smaller store displays should be centered around the sponsored player linked to Prince. A store like Wal-Mart should have the display accessible and visible amongst the many products within the store. Wal-Mart is also known for their low prices so Prince should have a presence in the catalog and advertise discounts on their products within the catalog and in the the store.

Wal-Mart can carry the lower end racquets to allow this discount where as smaller shops can carry higher end racquets to cater to their audience. Understanding the audience of each distribution channel will allow Prince to properly promote and advertise their product within each store.

Another area that Prince relies on to generate revenue is the global market. Global success is extremely important in having a competitive advantage and constantly needs to be improved to meet global market demands. Being that tennis is played all over the world their global presence is just as important as it is in the US. Latin America has a large presence with professional tennis players and due to this the sport is continually growing in this area.

To enhance their global presence I feel it is important to sponsor players outside of the US to maintain their global presence. When a consumer sees a professional player from their country using a Prince racquet it will influence them to purchase it. Prince should use the origin of top players and target these markets. There is a great deal of pride that comes when someone reaches a level in sports from your home country. Prince can use this to their advantage and enhance their market presence in the countries of professional players.

Prince continues to be one of the leading companies in the world of tennis. They strive to continue their name as a top innovator in the field and maintain their global market presence. With the current growth in tennis participation there is no better time to re market themselves to stay ahead of competition and developing trends.

Their impressive track record with major inventions over the years have shaped the game of tennis and give them a competitive advantage. To accomplish the results they are after they need to create a new development that caters to their extensive market and increase their presence among youth by expanding their social media presence. The company has all of the tools for success and if implemented correctly they can solidify their spot as the top manufacturer in the world of tennis.

Rovell, D. (2012, August 28). Tennis Company Prince Eying a Comeback . Retrieved from

Read also  Use and Develop Systems That Promote Communication

Authentic brand group propels prince sports throughout the globe with key operating partners. (2012, August 16). Retrieved from

Glassel, L., & Skaly , N. (n.d.). Prince sports, inc. tennis racquets for every segment [Online forum comment]. Retrieved from

Kerin, R., Hartley, S., & Rudelius, W. (2011). Marketing. (11th ed.). New York, NY: McGraw-Hill-Irwin

More Essays

  • Health Care Challenges

    Our country is set to face a new way of managing health which could potentially change the environment on how nurses deliver care. As our nation prepares for the implementation of Patient Protection and Affordable Care Act, nursing as a healing profession has to be open to what the future of health...

  • Health History and Screening of an Adolescent or Youg Adult Client

    The population of the U.S. keeps increase to be a diversity nation. As they emerge to one nation, they share common concerns about life such as health and quality of life. Providing effective health care to diverse ethnic group, cultural minority group, need to have proper assessment tool for assessment...

  • Sdlc with Example

    Application of the Systems Development Life Cycle (SDLC) in 21st Century Health Care INTRODUCTION The systems development life cycle, in its variant forms, remains one of the oldest and yet still widely used methods of software development and acquisition methods in the information technology (IT) arena....

  • Improve End of Life Care

    Advocacy to improve end-of-life care and decision-making for patients over the past twenty-five years has frequently turned to the law as a source of protection and procedural innovation. There has been a deliberate strategy to use the legal system to improve the outcome for patients at the end of life by...

  • Use and Develop Systems That Promote Communication

    Within my role as Team Leader, I communicate with a variety of people for various different ways. This would involve speaking to resident's families and social workers (this could be in the form of a face –to –face service review which could also include the resident). Additionally, I converse with other...

  • What Is Health

    Introduction Health is important to each and every one of us. Everyone needs to be healthy and not only physically but also mentally and psychologically. The health of any given individuals will determine how he or she functions. The purpose of this writing is to inform people on the importance of their...

  • Compassion Fatigue

    The idea of caring for others is the motivating reason that draws most people into nursing. The concept of being a supportive part of a person's health care needs is exactly the cause of compassion fatigue. Compassion fatigue can hit the best of nurses. Nurses who are highly driven and detail oriented are...

  • Care Provided to Victims

    Crisis intervention is care provided to victims of a crisis to help them adapt to the new challenges facing them. It is an urgent action taken to assist people overcome trauma resulting from a crisis. A crisis results from disruption of life, as we are accustomed. These disruptions present huge challenges...

  • Regulatory Agency Paper

    The industry in healthcare requires that its foundation in leadership is to follow procedures, rules, and regulations, which will help an organization, succeed in their leadership role in healthcare. This paper will identify important aspects of governmental or other agency such as Joint Commission on the...

  • Safeguarding and Protection of Vulnerable Adults

    The Safeguarding and protection of vulnerable adults 1. Understand the legislation, regulations and policies that underpin the protection of vulnerable adults 1.1 Analyse the differences between the concept of safeguarding and the concept of protection in relation to vulnerable adults There is a difference...