This ppt is about the manufacturing practices of Nike company. It also includes a vedio tat will tell how from waste plastic, nike t-shirts are manufactured.
Nike has been the most successful organizations which has excelled in the development of the sports good. Over the years it has been consistently maintained its brand and is regarded as the most innovative organization. Over the years, Nike has been producing new and advanced sports accessories and has consistently been the top choice of the sportspersons.
Nike has been the most successful organizations which has excelled in the development of the sports good. Over the years it has been consistently maintained its brand and is regarded as the most innovative organization. Over the years, Nike has been producing new and advanced sports accessories and has consistently been the top choice of the sportspersons.
Running head Nike Inc. 1Nike Inc.9Nik.docxglendar3
Running head: Nike Inc. 1
Nike Inc. 9
Nike Inc.
Strayer University-BUS 499
April Monk
02/24/2019
Introduction
Nike Inc. is one the largest footwear manufacturing company across the globe that deals with designing, developing footwear, equipment, service and accessories. Nike products are sold in approximately 110 countries with about 20,000 retail accounts. By the end of 2018, the multinational company operated 1,182 stores globally with 392 of them situated in the United States. Nike has incorporated various business and corporate level strategies to ensure that it continues being one of the most successful companies in the globe. Just like any other multinational company, Nike experiences a great extent of competition from other firms thus it is very important for it to develop new business strategies which will act as a competitive advantage to address the competition from other firms.
Business level strategies
Business level strategies are plans that a company develops to describe how it aims at building a sustainable competitive advantage. The nature of competition in various industries has been changed due to these strategies which have allowed further developments in products quality and cost. Nike uses a business level strategy that is similar to a differentiation strategy. When a company incorporates the differentiation strategy it aims at being unique by providing products and services that are greatly valued by customers (Petrie, 2016). The strategy is aimed at distinguishing products and services with other similar products offered by competitors in the market. The differentiation strategy entails paying key attention to various aspects of a product such as the design, features and brand image in order to successfully come up with a unique product. Nike has been able to build the image of their brand and differentiate themselves from their competitors through product innovation, development of technology and offering high quality products.
Nike does not utilize the cost leadership strategy to a great extent because the products that it produces are higher end prices that the customers are willing to pay for due to the value and uniqueness they see in them. A cost leadership strategy is aimed at maximizing the level of profits by decreasing the production costs. Through personalization procedures such as NikeID and college sponsorships, Nike has been able to convince customers that their products are one of a kind and have been able to greatly create value for the customer. However, the company has incorporated the strategy in various instances such as in the late 1990s whereby it decreased the cost of its athletic shoes and other sporting equipment’s. Nike does not also incorporate a focus strategy to a great extent because it has a wide market segment. They have various products ranging from shoes to sporting equipment that are sold worldwide. Instead of using a focus strategy, the company aims at being the best in.
Running head: Nike Inc. 1
Nike Inc. 9
Nike Inc.
Strayer University-BUS 499
April Monk
02/24/2019
Introduction
Nike Inc. is one the largest footwear manufacturing company across the globe that deals with designing, developing footwear, equipment, service and accessories. Nike products are sold in approximately 110 countries with about 20,000 retail accounts. By the end of 2018, the multinational company operated 1,182 stores globally with 392 of them situated in the United States. Nike has incorporated various business and corporate level strategies to ensure that it continues being one of the most successful companies in the globe. Just like any other multinational company, Nike experiences a great extent of competition from other firms thus it is very important for it to develop new business strategies which will act as a competitive advantage to address the competition from other firms.
Business level strategies
Business level strategies are plans that a company develops to describe how it aims at building a sustainable competitive advantage. The nature of competition in various industries has been changed due to these strategies which have allowed further developments in products quality and cost. Nike uses a business level strategy that is similar to a differentiation strategy. When a company incorporates the differentiation strategy it aims at being unique by providing products and services that are greatly valued by customers (Petrie, 2016). The strategy is aimed at distinguishing products and services with other similar products offered by competitors in the market. The differentiation strategy entails paying key attention to various aspects of a product such as the design, features and brand image in order to successfully come up with a unique product. Nike has been able to build the image of their brand and differentiate themselves from their competitors through product innovation, development of technology and offering high quality products.
Nike does not utilize the cost leadership strategy to a great extent because the products that it produces are higher end prices that the customers are willing to pay for due to the value and uniqueness they see in them. A cost leadership strategy is aimed at maximizing the level of profits by decreasing the production costs. Through personalization procedures such as NikeID and college sponsorships, Nike has been able to convince customers that their products are one of a kind and have been able to greatly create value for the customer. However, the company has incorporated the strategy in various instances such as in the late 1990s whereby it decreased the cost of its athletic shoes and other sporting equipment’s. Nike does not also incorporate a focus strategy to a great extent because it has a wide market segment. They have various products ranging from shoes to sporting equipment that are sold worldwide. Instead of using a focus strategy, the company aims at being the best in.
Project focusing on the distribution of the sports brand Nike understanding their various distribution channels and the selective paths that they choose for each country in order to benefit their business
Nike is a atheletic American shoe maker company,founded by Bill Bower man and Phil Knight as Blue ribbon support in 1962 and later in 2003 the name was changed to NIKE.
Havingits headquaters in Beaverton,Oregon in the Polan metropolitan area.Its one of the renowned,biggest as well as the leading supplier for trendy athletic shoes worlwide.Not only shoes its also manufacture clothes and apparels as well . And as it gives a sale of 3.7 billion $ which makes this manufacturer control 47% of the atheletic shoe market . It supplies its product in more than 100 countries worldwide .And I must say with its beautiful design and sporty look as well for its high quality material NIKE has achieved that legendary as well as remarkable place in the shoe industry. Nike has grown to be the industry largest sports and fitness industry. The motive of Nike is to bring inspiration and innovation to every athlete in the world Nike is been compared with the leading competitor which are Adidas, Reebok and as well as Puma etc. The report also gives a brief description about how the marketing analysis take place in the particular shoe brand by discussing its strength, weaknesses, opportunity and also focusing some of the market strategies
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This particular presentation is based on our research, findings and recommendations regarding building the global brand image for Nike.
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This presentation was uploaded with the author’s consent.
2. BACKGROUND
Shoe and Apparel company
$16.3 Billion in revenue in 2007
28,000 workers in 45 countries
500 manufacturing locations
Headquarters in Beaverton, Oregon
3. COMPANY HISTORY
Founded in 1965 as Blue Ribbon Sports at the University of Oregon
The Nike Waffle
1971-the Swoosh
1972-Nike the Greek goddess of victory
1979-A big year
1982-Advertising
1988-Just Do It
4. NIKE COMPANY PROFILE
American multinational manufacturing company
Core products include footwear & apparel
Unwavering commitment to advertising
Key Marketing Initiative
- Use of high profile athletic endorsements
Nike’s Brand portfolio
- Nike, Cole Haan, Converse, Hurley, Nike Golf and Umbro
- 75% of the growth is expected from the Nike brand.
5. NEW SUPPLIER FORMS
Suppliers should get in touch with their Nike contact and request a
New Supplier Invitation through Trade shift.
SUPPLIER DIVERSITY CAN HAVE A FAVORABLE IMPACT ON
OUR BUSINESS:
Creating more competition in the supply chain
Maintaining a connection to the consumer base
Providing economic stimulus to the community
Contributing to the enhancement of our brand
6. HOW NIKE MAKE GREAT ACHIEVEMENTS
From small one at the very start to the successful one nowadays, Nike
company has encountered kinds of difficulties. But anyway, Nike
company has achieved great success by using following strategies to
capture the market share:
Discount Nike shoes
Nike running Shoes on sale
Nike online store
Nike running clothing
Nike free Sneakers
7. MANUFACTURING PRACTICES OF NIKE
Enjoys currently 47% market share of the domestic footwear industry
Sales of $ 3.77 billion
Manufacturing throughout Asian region for over 25 years
Over 5,00,000 people directly engaged in the production
Utilize an outsourcing strategy by using only sub-contractors through
out the globe
Majority of their output today is produced in factories in Vietnam,
China, Indonesia, but also have factories in Italy, Taiwan & South
Korea
Factories are 100% owned by sub-contractors with majority of their
output consisting solely of Nike products
8. Cont…….
Nike does employ teams of four expatriates per each of the big three
countries (China, Indonesia, Vietnam)
Mainly focus on both quality of product & working conditions
Developed their code of conduct in 1992 & have implemented it
across the globe
Its goal is to set the standard for sub-contractors to follow to do
business with Nike
Faced numerous violations involving factory conditions & human
rights issues, have been publicized
Have responded these issues through Andrew Young Report, but are
still 2 years away from completely addressing the problems through
out the globe