Bombas

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16 Terms

1
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One day in 2011, David Heath was scrolling through Facebook when he spotted a post stating that _____ were the number 1 most-requested item in homeless shelters.

2
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What is Bombas?

3
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What is their business model?

4
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The more Heath and Goldberg looked into the problem and how to solve it, they learned that…

5
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They discovered that many individuals experiencing homelessness did not take off their shoes for days at a time. Why?

6
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Further, what kind of concerns prevented shelters from accepting donations of used socks?

7
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Instead of rushing to manufacture a generic sock that could solve shelters’ supply problem…

8
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The sock market is pretty limited in terms of…

9
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What was their main priority?

Overall, their main priority was to create the best socks in the world rather than focusing too much on margins or pricing targets.

10
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Once Heath and Goldberg were satisfied with their product, they officially launched Bombas with…

11
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What was the founder’s strategy?

12
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Furthermore, as a mission-driven brand, they followed the need:

13
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It’s easy to see why a variety of brands and businesses would want to partner with Bombas—the company is wildly successful and rocketed to success over just a few short years. What Bombas quickly found, however, was that…

14
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Heath and Goldberg noted that people experiencing homelessness often need socks because ______.

their socks become soiled and overused because they do not remove their shoes often

15
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Overall, Heath and Goldberg’s main priority was to ______.

manufacture the best socks in the world

16
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How have Bombas’s founders determined which products to offer in addition to socks?

They stayed true to their mission and offered products needed by people in shelters.