In the following paper, several definitions will be explored as well as strategies of Nike, as being the most important corporate initiatives who played a major role and contributed to the prosperity of what is known today as the biggest Training Shoe Company. These initiatives consist of Realities of Globalization, Rapid Changes in Design & Technology, Increasing Competition, Changing Market & Economic Conditions and Outsourcing Strategies. The athletic footwear, apparel and equipment industry is keenly competitive on a worldwide basis. Nike is the most powerful brand name in the world today. It is the number one producer of sport shoes across the international market. Nike Inc. engages in design, development and marketing footwear, apparel, products for specific athletic use, casual or leisure purposes, accessories and other equipment designed for sports activities and uses. Nike has the largest market share of 43%, compared with competitors like Reebok, Adidas, Puma, Converse, K-Swiss and L.A.
Richard Foo, Collaboration Director, NIKE, Inc.
Nike + iPod Transmitter in Nike Training shoe
Black box, nice bevelled Nike Swoosh logo.Gear etc. Nike Inc. is listed 1st in the 'Sports Clothing & Footwear Industry' & 163rd in Fortune 500, for the year 2006, with over $ 137 billion in annual revenue and Profit of over $ 12 billion.
We will analyze the purpose of the paper, to explain the strategic ways, which Nike used to gain a significant market share in the sports wear industry. Nike in 1962, started as Blue Ribbon Sports, as its Founder member, Phil Knight thought there was a market for athletic shoes designed by athletes for athletes. In the year 1964, Bill Bowerman, Knight's track coach & Phil Knight joined hands together & NIKE Inc. was co-founded with headquarters in Beaverton, Oregon. Nike's grassroots strategy was born of low capital and necessity, but became one of the strengths of the company. The 80's and 90's yielded greater profits as Nike began to...