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Case Study 10: 3M GREPTILE GRIP GOLF GLOVE: GREAT GRIPPING!

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Presentation on theme: "Case Study 10: 3M GREPTILE GRIP GOLF GLOVE: GREAT GRIPPING!"— Presentation transcript:

1 Case Study 10: 3M GREPTILE GRIP GOLF GLOVE: GREAT GRIPPING!
Brittany Lightheart, Adam Baker, Marvin Isaac, Matt Burnip

2 Places with warmer climate allowing for year round playing
Question 1: What are the characteristics of the target market for the 3M Greptile Grip glove? Targeted both to avid and professional golfers who want to improve their game Primary target market is mainly consistent of the baby boomers population, those born between the years Dual income couples Places with warmer climate allowing for year round playing

3 Micro replication helps to increase the grip of the club
Question 2: What are the key points of difference of the 3M Greptile Grip golf glove when compared with competitors’ products, such as Footjoy and Nike? Substitute products, such as golf grips? Micro replication helps to increase the grip of the club Thousands of micro-replication fingers An average of 6.8 yards (10.5 feet) farther Banned by usga for being too good Have to buy both the tape and glove for either to work

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5 3M’s three criteria for new products are:
Question 3: How does the Greptile Grip golf glove meet 3M’s three criteria for new products? 3M’s three criteria for new products are: Be a patentable or trademarked technology Offer a superior value of proposition to consumers Change the basis of competition by achieving a significant point of difference

6 Question 3: How does the Greptile Grip golf glove meet 3M’s three criteria for new products?
In the creation of the Greptile Grip golf glove, 3M used a seven-step process: Ideas Concept Feasibility Development Scale-up Launch Post-launch 3M packaging engineer, Travis Strom said, “After all, you only have a few seconds to capture the customer’s attention with the package and make a sale.”

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8 Being an unknown brand in golf
Question 4: Because 3M has no prior products for the golf market, what special promotion and distribution problems might 3M have? Not inherently have the distribution network to deliver product to new stores Problem getting the product into new stores that 3m does not have a business relationship with Being an unknown brand in golf

9 Introduced its product to a few new markets in Japan and Europe
Question 5: What would be some new markets and new applications of the greptile grip technology that 3M could pursue? Introduced its product to a few new markets in Japan and Europe Other ways to introduce their product is through their greptile tape in: Sports Tools (ie. hammers, drills) Construction tool industry

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