1. In the essay “Sweatshirts to Sweatshops‚” many of the universal intellectual standards are violated. To begin with‚ the speaker talks about the “little girl…working hour after hour…trying not to collapse from the heat…” and that violates the fairness of the argument. He is trying to manipulate the audience by appealing to their emotional side. This argument is not based in factual evidence‚ and therefore‚ could be dismissed by the audience. There may not be a little girl in this exact situation
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and the wage that is as low as 15 cents. People address such workplaces as sweatshops. More precisely‚ sweatshops are the workplaces where workers’ fundamental rights are not respected. We often show sympathy to the workers who work in the sweatshops. Sometimes people in the developed countries intend to ban consuming the sweatshop products. So‚ corporate giants who use sweatshops would raise the conditions for the sweatshop workers. However‚ sometimes well intended action has undesired consequences
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Nike (NKE) In the 1950’s‚ Bill Bowerman‚ a track and field coach at the University of Oregon‚ began cobbling shoes for his runners. Bowerman and one of his runners Phil Knight formed Blue Ribbon Sports and sold shoes for Tiger shoes in 1964. While Knight was selling the shoes‚ Bowerman was ripping them apart to see how he could make them lighter and made his runners test his improved shoes. Their first full-time employee‚ Jeff Johnson‚ was an early designer of shoes and came up with the name Nike
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provide suggestions to boost revenue. The targets provided by management included long-term revenue growth of 8-10% and earnings growth above 15%. Kimi Ford‚ a portfolio manager at NorthPoint Group has been tasked with analyzing Nike and coming up with a valuation for Nike so that her company can decide whether it is a good investment or not. She found that at a discount rate of 12% the company is overvalued‚ while with a slight decrease in the discount rate‚ to 11.7% the company is undervalued. In
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Executive Summary The company strategy that Nike uses is an ingenious one. A strategy that founder Phil Knight thought of while still in school at Stanford. Instead of paying Americans to put together Nike’s shoes‚ Knight thought that it would be a better idea to take manufacturing plants overseas to places where labor is much cheaper than in the U.S.‚ places like Taiwan and South Korea. With 86% of its products being produced in one of those two countries and Nike employing a large number of people who
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shoppers only knew that over 168 million children are making their clothes and other products in factories and clothing sweatshops‚ would they still buy the clothes? According to the U.S. Department of Labor‚ sweatshops are defined as factories that violate
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the workroom‚ try to touch and hug them and threaten to fire them if they refuse. We were told of the dehumanizing verbal and physical abuse; managers scream at workers…” (Feminists Against Sweatshops). Additionally‚ there are many cases of factory fires killing hundreds of workers due to locked doors. Sweatshops often violate two or more Universal Declaration of Human Rights‚ such as‚ the right to life and living in freedom and safety (3)‚ no slavery (4)‚ no torture‚ cruel‚ or degrading treatment
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man and Phil Knight‚] and officially became Nike‚ Inc. on May 30‚ 1971. The company takes its name from Nike (Greek Νίκη‚ pronounced the Greek goddess of victory. Nike markets its products under its own brand‚ as well as Nike Golf‚ Nike Pro‚ Nike+‚ Air Jordan‚ Nike Blazers‚ Air Force 1‚ Nike Dunk‚ Air Max‚ Foamposite‚ Nike Skateboarding‚ and subsidiaries including Brand Jordan‚ Hurley International and Converse. Nike also owned Bauer Hockey (later renamed Nike Bauer) between 1995 and 2008‚ and previously
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Globalisation a11d Nike GLOBALISATION Globalisation is the growing relations of international markets and it involves the economic activity in the production of goods and services among countries. It involves aspects such as growth and productivity‚ employment and skills wages and unequal distribution in wages both internationally as within a country. Hence‚ the belief that globalisation leads to growth is present all over both the works of Friedman and Norberg‚ but can be illustrated by a quote
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| NIKE‚ INC.: COST OF CAPITAL | | | | | | Introduction Our report aims to help Kimi Ford make a decision on her investment of Nike. We choose WACC as our method to estimate the cost of capital‚ which can be used as a discount rate to verify whether Nike is correctly valued in current market. We have mainly four steps to calculate WACC: I. Identify the type of cost of capital; II. Figure out the weights of debt and equity; III. Calculate the cost of debt and equity respectively;
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