Lululemon CEO Says Brand Is in Control of Own Destiny

Lululemon CEO Says Brand Is in Control of Own Destiny

Assessment

Interactive Video

Business

University

Hard

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The video discusses the unique market position of a company that combines function and fashion, emphasizing its control over its destiny since creating the market in 1998. It highlights the growing trend of active, mindful lifestyles and the company's role in fostering this through its culture and products. The discussion also covers increased competition from major brands like Nike and the company's unique vertical model, which allows for innovation and profitability. The focus is on the company's ability to connect with consumers and provide value through its innovative products.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors contribute to Lululemon's unique position in the market?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does Lululemon address the needs of athletes through its products?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways has consumer behavior shifted regarding lifestyle choices?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges does Lululemon face from increased competition in the market?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How does Lululemon's vertical model impact its innovation and profitability?

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