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The Adidas Group

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The Adidas Group The Adidas Group has undergone several changes since its inception in 1926 as a simple shoemaking business in Herzogenaurach, Germany. As the business continued to flourish, Adidas began to focus primarily on the manufacturing and sale of sporting goods, sports footwear and sporting apparel (“Adidas Group AG”). Their overriding theme has always been sports and the sporting lifestyle (“Adidas Group AG”). In more recent years, the Adidas Company merged with Reebok International Incorporated including its sub-brands, Taylormade and Rockport, in an effort to challenge its competitors, Nike and Puma (“Adidas Group AG”). With the merger to Reebok, the company has now focused on their sport footwear and apparel operations as well as their Taylormade golf equipment division and its Maxfli line of golf balls, clubs and accessories (“Adidas Group AG”). With over 50,000 employees worldwide and revenues in excess of $19 billion, Adidas is a global organization, selling its brand in more than 160 countries (“Adidas Group AG”). In addition, after winning the rights to becoming the official sponsor and supplier of the 2008 Olympic Games in China, Adidas began expanding its market there with the goal of controlling the sports footwear industry worldwide. (“Adidas Group AG”). Two Growth Opportunity Strategies that Adidas could consider in order to expand their business over the next 5 years could be in product development and diversification. Product development is defined as, “new or improved products for present markets” (Perreault, Cannon, McCarthy 51). Adidas focuses on athletes and those who enjoy an active lifestyle. Unfortunately, this type of lifestyle can lead to stress and strain injuries. A natural progression in its product development plans could be the development of products geared toward the recovery and prevention of these

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