Many of the popular, well known brands including Nike, Adidas, Puma, Asics, FILA and Umbro are supposedly sweatshops. However, these companies do not like to admit to this. The migrants putting all the long hours into making the clothes don’t get recognised in any way for their contribution to the making of the designer clothes sold worldwide. While they’re getting paid an average of $2 - $3 per hour, taking roughly 2 hours per garment and being sold from anywhere between $100 - $1000.…
Nike publicizes itself as one of the leaders of corporate responsibility. However, they do not comply with several human rights obligations overseas in countries like Thailand, Pakistan, China, Vietnam and Indonesia. In these countries, production facilities called sweatshops have been running for almost 35 years employing workers as young as…
* Globalisation and trade have drawn millions of people in developing countries into paid work. Their labour is contributing to rising global prosperity and to the profits of some of the world's most powerful companies. But many of these workers are still living in poverty even though they have paid jobs. For example, workers producing for sports companies such as Nike often endure low wages and long hours in sweatshop conditions.…
1. What is the WACC and why is it important to estimate a firm’s cost of capital? Is the WACC set by investors or by managers?…
According to the case study, Nike is well-liked and popular shoe and athletic wear company, and carries a slogan of “Just Do It”. The case study indicates that, “Nike is now one of the leading marketers of athletic shoes and apparel on the planet. Nike does not manufacture its own product. Rather, it designs and markets its products, while contracting for their manufacture from global network of 600 factories scattered around the globe that employs some 650,000 people”, (Hill, 2013, p. 154). Nike Corporation’s success and billions of profits has affected hundreds of thousands of workers mainly in Asian countries. These workers, toiled in a cruel working conditions and environment with a slave pay. The production of Nike products are subcontracted to Asian countries such as China, Indonesia, Taiwan, and Vietnam. Nike products are produce overseas to avoid higher taxes in the United States and the benefit from hiring workers for very low wages.…
Children are working in very rough and abusive conditions, Nike, the worldwide famous shoe brand, has admitted to having fourteen year old children working in their factories with dangerous heavy materials. They have the children sewing 24 hours of the day with heavy rough materials. The children are stuck in these dangerous factories losing out on their childhood. The work includes solvents that cause the spread of toxic air (page1, paragraph5). This can cause major health issues that the children with have to deal with at an age as young as 14. This abusive work habitat is just the start of all the bad things about child labor.…
Johnson also opened the first retail store in California and is credited with providing Nike with its name. In 1971 the swoosh trademark was created for a minimal fee of only thirty five dollars by a graphic design student named Carolyn Davidson. By 1972, new athletic footwear was introduced by Blue Ribbon Sports and called Nike. The Blue Ribbon Sports Company had business relations with Onitsuka Tiger for nearly ten years and in 1972 the two hit a bump in the road. Due to a dispute over distribution there was an eventual sever in business dealings between the two companies. That same year the Nike line of footwear made its debut in February at a Chicago sporting goods show. At the 1972 Olympic trials Nike “moon shoes” were introduced featuring the new waffle sole. Along with these new shoes, t-shirts were also being worn bearing the Nike logo. This new brand began to spark an interest. Later that year, Nike signed its first endorsement contract with the Romanian tennis star, Ilie Nastase.…
Nike is the world’s single largest producer of sporting wear, clothing, shoes and accessories. An Oregon based company founded in 1972 by Phillip H. Knight and William J. Bowerman. Nike’s broad range of products is the key to it’s success, it’s range includes Nike Skateboarding, Nike Golf, Nike Pro, Nike +, Nike Air Jordan and owns other big names such as surf brand Hurley; shoe manufacturer Cole Haan; and two large sports companies – Converse and Umbro. Having such huge sponsorship contracts with many of the world’s biggest athletes and sports teams, these huge profiles are simply another outlet for Nike to promote their products. Nike currently employs over 31,000 people across more than 30 countries, Nike’s revenue for 2008 was a staggering $184 billion which is more than many small country’s GDP. However since this huge multi-national corporation has moved nearly all of it’s production to cheaper Asian countries there has been much concern brought forth about the legality and ethics of the company’s operations in these countries, many claiming exploitation of labour and human rights abuses are taking place.…
Nike was established in 1972 by a Oregon State University track star Phil Knight and for as long as I can remember Nike has had the slogan of “Just Do it”. Is that Nike’s mind frame when it comes to working too? Do they tell their employees to Just do it, and stop complaining is that how Nike got tangled up in the Sweatshop Debate. Nike is a huge organization known most for making popular, fashionable sports gear. Over time Nike managed to become one of the largest sellers of sporting goods around the world with United States origins. Like all large companies Nike has seen its share of bad publicity the most known bad fact of Nike is they have been accused of having sweats shops in poor developing countries.…
Nike shoes are endorsed by numerous professional athletes and are quite famous for their aerodynamic designs and the great comfort they provide. From famous tennis players like Serena Williams to NBA all-stars like Michael Jordan, many professional athletes, who have quite a significant influence on the public, can be seen on television advertisements endorsing Nike. Persuaded through these advertisements on television and social media, consumers line up daily in front of Nike stores worldwide, but most consumers do not even know how the shoes they buy are made. As of recently, Nike has been under the public’s speculation for “child labor at a Cambodian sweatshop” and has been criticized heavily by countless humanitarian activists because of their use of sweatshops (Mason). Generally, in these sweatshops, workers and machines are crammed into tight spaces with dust and almost no light (Powell). However, some may argue that sweatshops are advantageous because only a small group of people suffer for the benefit of others, which is an ideology…
As I walk in my comfortable well-fitted Nike shoe, I lack the knowledge behind the journey of the shoe’s existence. The Nike brand, better recognized as the swoosh logo or slogan of “Just Do It”, is also the violator of several labour practices. To begin, the creation of Nike shoes is accomplished in sweatshops in Indonesia, China, and Vietnam (Global Exchange, n.d.). On a typical day in Vietnam, Nike shoes are manufactured in a factory where human dignity is nonexistence. These violating practices are similar to the Dhaka factories, in which Vietnam sweatshops are forced to lock their doors despite the fire hazards associated with it (Global Exchange, n.d.). The workers must work at an inhuman pace for approximately 11 hours per day without…
“It’s [cheap labor] the fastest-growing criminal market in the world,” (Edmondson 149) Gail Edmondson writes in an article discussing cheap labor. Economic growth has always been a large interest for most countries. Due to many high unemployment rates, corporations take advantage of the lower classes by enforcing cheap labor. Cheap labor is the employment of people with very low wages, under poor or unsafe conditions. Since people in the lower class do not have much money, they are unable to get an education that allows them to gain a safe and well-paying career. Therefore, they turn to the cheap labor organizations that will hire thousands of untrained people at minimal costs. This practice is extremely harmful, often…
Would you buy something that a 10-year-old made? I know I wouldn’t. I wouldn’t buy it because I wouldn’t like to make it. Those kids in those hot, musty factories are only getting paid about $1 to $2 a day, according to The New York Times. Kids are having to work in horrible conditions. They are dying while working. They also have very heavy machinery in the factories. Along with many other companies, Nike took the pledge to End Child Labor. They also applied the rules abroad the United States.…
In this day and age, multinational corporations control the market, the time of the local taylor and mom-and pop stores are over. While these companies sell goods in 1st world countries, their produce comes from sweatshops primarily in developing nations. Sweatshops are not legal; they are defined by the US Department of Labor as factories that violates 2 or more labor laws. The government of these third world countries and the corporations are at fault. While they line their pockets, their workers toil for over twelve hours a day, earning roughly $5.00, barely enough to make meets end.…
While there are some companies such as Blackberry, that have struggled to keep up with the growing technology changes and advances, there are also companies like Nike, which has continually innovated and increased marketing to survive over time. Nike is an excellent corporation to study which has had continuous success over a lengthy period of time. Nike has outlasted rivals and maintained its position as the top athletic wear producer in the world.…