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Under Armour Case Analysis

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Under Armour Case Analysis
Introduction
Under Armour is currently one of the leading companies in the sports apparel industry whose mission is to “Make all athletes better through passion, science, and the relentless pursuit of innovation”.1 When Under Armour first broke into the sports apparel industry it was a disruptive pioneer that initially made the two giants, Nike and Adidas, a little weary. Under Armour revolutionized the sports apparel industry by creating apparel that used synthetic materials as an alternative to natural fibers, such as cotton, or other materials, such as polyester. This all-important switch to these materials resulted in a 2“shirt that provided compression and wicked perspiration off your skin rather than absorb it. A shirt that worked with your body to regulate temperature and enhance performance”. This promise to increase athletic performance distinguished Under Armour from the other competing sports apparel companies, however, such rival companies have since introduced synthetic materials into their product lines.

Under Armour was first conceived in 1996 by Kevin Plank, who at the time was the special teams captain for the University of Maryland football team. Plank, frustrated with having to repeatedly change his cotton shirt during practices, set out to create a shirt whose materials allowed the perspiration to dry quickly, causing the athlete to be quicker, faster, and stronger as a result of less burdensome water weight. He made it his mission to develop a shirt using synthetic materials that handled perspiration most efficiently than was previously expected. He developed a shirt that used said synthetic materials to handle perspiration and tested the prototype, aptly named 0039, with his own football team. After he graduated, Plank went to many different universities trying to find a buyer for his product. After some time, Plank found his big break when he managed to earn the football team of Georgia Technical University as a client.



References: Cheng, Andria. "Underdog Under Armour Still Has a Long Way to Go to Catch up with Nike." Behind the Storefront RSS. N.p., 24 Oct. 2013. Web. 15 Feb. 2014. . Dreier, Fred. "Under Armour Flexing Its Muscles Overseas." Forbes. Forbes Magazine, 04 Apr. 2012. Web. 14 Feb. 2014. . Rothaermal, Frank. Strategic Management: Concepts. "Mapping Strategic Groups." 1st Edition. McGraw Hill, 2013. 74-76. print. Thompson, Arthur A. "Chapter 7." COMPETITIVE STRATEGY. N.p.: McGraw-Hill Create, 2012. 78-94. Print. Trefis Team. "Under Armour Through The Lens Of Porter 's Five Forces." Trefis. Insight Guru Inc., 16 May 2013. Web. 10 Feb. 2014. "UA Competitors | Under Armour, Inc. Class A Comm Stock - Yahoo! Finance." UA Competitors | Under Armour, Inc. Class A Comm Stock - Yahoo! Finance. N.p., n.d. Web. 17 Feb. 2014. . "Under Armour, Inc. - Financial History." Under Armour, Inc. - Financial History. N.p., n.d. Web. 17 Feb. 2014. . Web. 17 Feb. 2014. . Wagner, Kurt (July 1, 2013). "Under Armour 's Crew". Fortune 168 (1): 17.

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