Lesson 1 - Economic Globalization (2A)
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Nike has benefited from moving production to developing countries in several ways. First, production costs are dramatically reduced due to relatively low wages and rents in developing nations. Second, distributing production across multiple countries reduces investment risk because if problems arise at one factory, others can continue operating. This allows Nike's overall business to be maintained. Businessmen in developing countries gain opportunities by helping companies like Nike set up production bases. Workers also gain job opportunities at Nike's factories. And consumers benefit through lower prices made possible by decreased production costs.
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Lesson 4 - Allegations against Nike
- Nike has over 700 contract manufacturers in more than 50 countries employing over 500,000 workers who have faced allegations of rights violations since the 1980s.
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This document discusses Nike's use of sweatshops and poor treatment of overseas workers. It proposes researching this issue further using sources that discuss Nike's commitments to sustainability and workers' rights, analyses of whether their claims are truthful, and arguments around international labor standards and pressure to change harmful practices. The works cited section lists several relevant sources on these topics that could be used for further research.
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This document criticizes Nike for exploiting child labor and poor working conditions in sweatshops located in developing countries. It notes that Nike takes advantage of lax labor laws in places like China and Vietnam to open sweatshops and avoid organized labor. While Nike claims to oppose sweatshops, the reality is that children as young as 8 years old work long hours in its overseas factories under difficult conditions. Many groups protest Nike's practices and call for improved monitoring and enforcement of international labor standards.
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This document analyzes Nike, a major athletic footwear and apparel company. It discusses Nike's history and founding, its organizational structure, general business environment, resources, value chain, and Porter's five forces analysis. Criticisms around labor practices and recommendations for improving sustainability are also mentioned. The document considers alternatives for Nike such as partnerships, vertical integration, or using a balanced scorecard approach. It ultimately recommends the balanced scorecard as providing competitive advantage while maintaining control and flexibility.
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Nikes presentation
Nike was founded in 1964 and is headquartered in Oregon. It started as Blue Ribbon Sports and changed its name to Nike in 1978. In the 1970s, Nike's growth was aided by the rising popularity of running and new shoe technologies. However, in the 1980s Nike faced declining sales as competitors entered the market and Nike's styles became outdated. To recover, Nike focused on innovation, targeted different customer segments, and strengthened its global production and marketing. Today Nike has a large market share worldwide.
Nike - TNC case study
Nike is a large transnational corporation headquartered in Oregon that employs over 700,000 contract workers in 700 factories worldwide, more than 75% located in Asia where labor costs are lower. Nike subcontracts factories to produce its products then sells the shoes to retailers, marking them up 100% each time to cover costs and make a profit. While this model creates jobs and economic growth in host countries, it has also led to issues like abusive working conditions, suspected child labor, cultural impacts, and environmental strain.
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3) Relatos de experiências do autor expulsando demônios através da or
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- Nike has over 700 contract manufacturers in more than 50 countries employing over 500,000 workers who have faced allegations of rights violations since the 1980s.
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This document discusses Nike's use of sweatshops and poor treatment of overseas workers. It proposes researching this issue further using sources that discuss Nike's commitments to sustainability and workers' rights, analyses of whether their claims are truthful, and arguments around international labor standards and pressure to change harmful practices. The works cited section lists several relevant sources on these topics that could be used for further research.
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This document criticizes Nike for exploiting child labor and poor working conditions in sweatshops located in developing countries. It notes that Nike takes advantage of lax labor laws in places like China and Vietnam to open sweatshops and avoid organized labor. While Nike claims to oppose sweatshops, the reality is that children as young as 8 years old work long hours in its overseas factories under difficult conditions. Many groups protest Nike's practices and call for improved monitoring and enforcement of international labor standards.
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- Nike employs a vertical organizational structure where it contracts out production to companies in South Korea and Taiwan while focusing on design, marketing and development at its headquarters.
- While outsourcing creates jobs in countries like Vietnam and improves skills, there are concerns over the exploitation of cheap labor and poor working conditions at some factories.
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Nike was founded in 1964 and is headquartered in Oregon. It started as Blue Ribbon Sports and changed its name to Nike in 1978. In the 1970s, Nike's growth was aided by the rising popularity of running and new shoe technologies. However, in the 1980s Nike faced declining sales as competitors entered the market and Nike's styles became outdated. To recover, Nike focused on innovation, targeted different customer segments, and strengthened its global production and marketing. Today Nike has a large market share worldwide.
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International business
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NIKE 6
Week 6 Assignment 2
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Strayer University
BUS 499 Business Administration Capstone
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August 18, 2019
Found in the year 1954, Nike is an American multination company that specializes in the manufacture of athletic equipment, accessories, athletic wear, apparel, and providing footwear. The key goal of the company is to supply wearable and exceptional products that come in handy in enhancing better performance in sports (1). This paper will discuss the industry in which Nike operates in based the strategies it can use to build on its strengths and opportunities and those it can use to deal with the threats and weaknesses.
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The two segments of the general environment that would rank highest in their influence on Nike are threats of new entrants and the level of competitive rivalry.
Threat of new entrants
In case new firms come in the market, they are likely to disrupt the industry environment of Nike, especially due to the company high pricing strategy. With the current technological advancement, it is likely that new companies will be looking to venture in the apparel, sports shoes, and equipment market as a way of making profits (1). Most of these companies may decide to sell their products at a lower price, thus leaving customers with a favorable choice compare to how Nike sells its products. With the U.S. facing hard times in how it deals with other countries politically, other companies may jump in and take advantage. For instance, following the U.S. sanctions on Iran, Nike lost the chance of producing equipment for the Iranian football team, which was a huge deal (2).
Level of competitive rivalry
The company faces tough competition from different brands, especially from Adidas and Reebok. Both of these companies deal with similar goods like Nike, although they have different customers from different parts of the globe (1). In the sports industry, the level of competition is strong. Furthermore, the industry has grown with the current players engaging in tough competition and seek to snatch away the market share from each other.
Evaluation
In the recent past, Nike has successfully been able to deal with the two threats successfully, although much need to be done to deal with them completely. To address these forces, the company has engaged in extensive research and development, whereby it creates more unique products that aid in maintaining its brand image. The company keeps improving its product every year to ensure that it does not lag behind its competitors. Furthermore, Nike has continually engaged in social media marketing, which has worked on its favor, given that their products are well known to their customers (1). For instance, the company recently engaged in the 'Just Do It' campaign where different customers posted their photos with the caption and helping the company to increase its popularity among the consumers.
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T ...
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China has a three-level landscape of relief from west to east:
1) High plateaus and mountains in the western part of the country.
2) Lower plateaus and basins in the central region.
3) Plains and lowlands in the eastern part.
The major rivers flow from the highlands in the western part of China towards the lowlands and seas in the eastern part, corresponding to the decreasing average height of land from west to east.
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Lesson 15 - What you should learn?
1. Western multinational corporations spread western culture globally through mass media which increases the influence of western culture worldwide.
2. Companies like McDonald's and Nike help popularize American culture as they expand globally.
3. When cultures mix, new hybrid cultures can emerge as local cultures also influence western culture, such as with Chinese medicine incorporating western research methods.
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Lesson 1 - Economic Globalization (2A)
- 1. Miss Choi, Angel E-mail:angelchoi909@hotmail.com RM 210 Facebook: Missws Choi
- 3. Task 1 - The globalization of Nike (p.30-32)
Editor's Notes
- 2 mins to complete Q.1 (refer to p.30)