Bally Total Fitness Case Study Example | Topics and Well Written Essays - 1500 words

Bally Total Fitness - subject Study ExampleBally had been capitalizing on a trend in the early 2000s where more than Americans were becoming devoted to fitness and were attempting to reduce their household or personal obesity levels. It was during this period where a large portion of American society proclaimed to be interested in fitness and understand its importance in physical health. Bally began to target this large segment of uninitiated believers as the primary feather market for potential growth in the firm (Wells, 2008, p.1). Bally quickly became successful, by changing its marketing premise and targeting objectives, to create a rather diverse user profile for its many facilities.By adding sore services that were in-line with the current needs of its vast consumer base, much(prenominal) as Pilates training, yoga, and other core systems, Bally run aground considerable success and growth. However, growth in much different public and private health clubs and organization s began to make full some of Ballys market share away by using celebrity endorsements or by appealing to niche market groups and then capitalizing on their personal needs to find success, such as with Curves. It was large growth in the competition that harmed Ballys market position.Bally well-kept many different barriers in terms of entering new markets since the equipment used for fitness cannot be slow converted into newly-marketable products or services. They are designed for physical fitness only. Under Porters quintet Forces Model, asset specificity is the extent to which a firms assets can be used to produce a different product (quickmba.com, 2010, p.4). Bally had incorporated specialized training in the firm from outsourced or in-house gift experts, such as Pilates and yoga instructors, whose knowledge and skills could not be transferred into new markets.