Nike is a major American multinational corporation that designs, develops, manufactures, and sells athletic footwear, apparel, equipment, and accessories. Founded in 1964 as Blue Ribbon Sports by Bill Bowerman and Phil Knight, Nike is headquartered in Beaverton, Oregon and employs over 30,000 people worldwide. Nike has annual revenue of over $18 billion and is the largest seller of athletic footwear and apparel in the world.
Nike is a major American multinational corporation that designs, develops, manufactures, and sells athletic footwear, apparel, equipment, and accessories. Founded in 1964 as Blue Ribbon Sports by Bill Bowerman and Phil Knight, Nike is headquartered in Beaverton, Oregon and employs over 30,000 people worldwide. Nike has annual revenue of over $18 billion and is the largest seller of athletic footwear and apparel in the world.
Nike is a major American multinational corporation that designs, develops, manufactures, and sells athletic footwear, apparel, equipment, and accessories. Founded in 1964 as Blue Ribbon Sports by Bill Bowerman and Phil Knight, Nike is headquartered in Beaverton, Oregon and employs over 30,000 people worldwide. Nike has annual revenue of over $18 billion and is the largest seller of athletic footwear and apparel in the world.
shoes, apparel and sports equipment Annual revenue : more than $18billion Founders: Bill Bowerman, Philip Knight Year established: 1964 (as BRS) HQ: Beaverton, Oregon President/CEO: Mark Parker Staff: 30,200 Nike, named after the Greek Goddess of Victory
In 1978 BRS officially renamed itself as Nike.
Nikes 1 st National Television commercial ran in 1982 during the broadcast of the New York Marathon.
The famous slogan for Nike JUST DO IT was introduced in 1988
To bring inspiration and innovation to every athlete in the world (If you have a body, you are an athlete)
To lead in corporate citizenship through proactive programs that reflect caring for the world family of Nike, our teammates, our consumers, and those who provide services to Nike
Nike uses innovative strategies to always stay above to competition Always introducing new products such as Nike Shox, shoes with ipods, etc. Allow consumers to personalize their own apparel On Nike Website you can also build your own shoe
Adidas New Balance PUMA Sketches U.S Timberland Under Armour K-Swiss FILA
Nike spent $2.8 billion on advertising annually. The company focuses its marketing on celebrity endorsement, like athletes in basketball, golf, soccer, and tennis. Athletes like Michael Jordon, Tiger Woods & Serena Williams etc. Nike also sponsor big sporting events so as to create huge awareness of the brand. Nike targets an audience of active young adults who are looking for shoes that not only provide them with support to perform their favorite activities, but to look good as well.
Philip H. Knight is the Chairman of the Board of Directors.
The President and Chief Executive Officer of Nike is Mark G.
Parker whereas President of the Nike Brand is Charles D. Denson.
President for Direct Consumer Relationship is Jeanne P. Jackson and Vice President of the Global Human Resource Department is David J. Ayre
Nike requires suppliers to pay workers at least the locally- mandated minimum wage and benefits, and any additional benefits outlined in individual employee contracts or collective bargaining agreements.
Nike believes that local wage setting is best done by negotiations between workers, labor representatives, the employer and the government.
Nike increasingly sees the need for further regional and global discussions among suppliers, governments, NGOs and importantly workers, about the degree to which wages across the industry are meeting workers' needs.
Nike assess, safety and health management and compliance program performance to provide protection for workers, the surrounding community and the environment at contracted suppliers.
These assessments are conducted on site by Nike-certified compliance teams that review all available information
Nikes approach to lean includes worker empowerment, giving factory workers the skills and abilities needed to manage production and immediately address issues as they arise, such as quality or process improvements.
These changes put decisions closer to the worker, and require a high level of support to ensure they have the skills and confidence to consistently produce quality products.
We believe lean holds great promise for worker empowerment and provides opportunities for workers to increase their skills and contribute to continuous improvement.
Currently Nike is among the top 3 climate- friendly companies in the world. Nike also started a RE-USE-A-SHOE program in 1993 for recycling and reusing used shoes. The material that is created from recycled shoes is often used to create sports surfaces like basketball courts, running tracks, playgrounds, etc.
To summarize the presentation we could say that Nike has done pretty good in worlds current financial crises situation.
Providing excellent service in the foot wear industry.