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The Geox Case Study Prof. A.Sinatra a.a. 2011/2012 Main aspects you have to analyze: THE IDEA OF BUSINESS HOW POLEGATO REALIZED HIS BUSINESS IDEA? DEFINE THE FIGURE OF THE ENTREPRENEUR THE IDEA OF BUSINESS IDENTIFY A COMMON NEED Solution from NASA astronauts Watertight breathing membrane Shoes THE NEEDS POLEGATO IDENTIFIED: FASHION : best Italian designers TECHNOLOGY: R&D internal laboratories (patented) HOW TO IMPLEMENT THE IDEA How Polegato satisfied the customer needs? PRODUCTION 5% internal production (Romania) 95% east Asia – South America Training technological skills Define and control the quality standards Assure production volumes on time CLEAR BRAND MARKETING : breathing shoes DISTRIBUTION Each country’s individual distribution structure & calibrated network of multibrand clients Oprimize market share & promote the Geox brand (77% franchises, 23% directs) POLEGATO’S STRATEGY The key entrepreneurial person is Mario Polegato - He had the business idea - He was very determined to implement it STRATEGY INNOVATION FLEXIBILITY FOCUS ON CLIENT’S NEEDS MARKET LEADERSHIP INTERNATIONAL EXPANSION HIGH PROFITABILITY Creativity, patents, scientific research Esternal production Specialize in human movement Distribution (2nd world producer) International competitors High discipline over operating costs and solid financial structure