Nike was formed by $1000 and the handshake of 2 men. Those 2 men were Bill Bowerman‚ the University of Oregon track coach and Phil Knight‚ a University of Oregon accounting student and a middle-distance runner under Coach Bowerman. Bill brought jogging to America‚ and then built an unrivaled track and field program at that university. Bowerman taught his athletes to seek the competitive advantage everywhere - in their bodies‚ their gear and their passion. In 1962 Knight had this you’re-crazy-it-will-never-work-
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are the four basic functions that make up the management process? How are they related to one another? The four basic functions that make up the management process are: planning & decision making‚ organizing‚ leading‚ and controlling. Planning is setting an organization’s goals and deciding the best way to carry them to fruition. Decision making‚ which is also apart of the planning process‚ involves choosing a course of action from a set of alternatives. Organizing involves
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ORGANIZING EFFECTIVE TEAM WORK IN THE MARKETING DEPARTMENT Prepared for Stephen Richardson‚ Chief Executive Officer Jan and John Smith Company Prepared by Daria Gutnik‚ Analyst Human Resource Department Jan and John Smith Company December 1‚ 2010 CONTENTS PAGE Executive Summary………………………………………………………………………………iii Introduction………………………………………………………………………………………..1 The Importance of Well-Organized Team Work………………………………………………….1 Causes of Unsuccessful Team Work of the Marketing
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Snell (2007) state that‚ "Management is the process of working with people and resources to accomplish organizational goals" (Chap.1‚ pg 16.) In order for this to work and run smoothly the four functions of management come into play; leading‚ controlling‚ organizing‚ and planning. The four functions are impacted by internal and external factors such as globalization‚ technology‚ innovation‚ ethics and diversity. The successful application of the four management functions when dealing with these factors
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basic function that a manager is responsible for is to focus the people of the organization in performing work activities to accomplish desired goals. No matter the size of the organization‚ a manager is responsible for the planning and executing of the efforts of its team members in achieving the necessary objectives of its mission. There are four primary functions of managers known to many as POLC. These very important functions are planning‚ organizing‚ leading‚ and controlling. These four functions
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sculpture is Nike of Samothrace‚ now located in the Louvre museum in Paris. It is a demonstrative‚ and powerful sculpture which encapsulates everything great about Ancient Greece. The sculpture is made of Rhodian marble‚ stands 2.45 meters tall and 2.35 meters wide including its wings (Burn‚ 2004‚ p. 89). Nike’s sculptor is not well known‚ however it is presumed to have been constructed by the sculptor Pythokritos (Pollitt‚ 1986‚ p. 114) during the early second century BC. Discovering Nike was discovered
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Roles and Functions Paper By: LaTreena Alexander HCS/325 November 26‚ 2012 Samuel Steinberg In many different types of health care settings there will be a chain of management and four major functions of management that will help the business flow smoothly in the right direction for the managed care of the patients that they will receive from the facility‚ and this structure will also allow the organization to grow as a team‚ and benefit the facility and the community at the same time in
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“Management is a practice that has to combine a good deal of craft‚ namely experience‚ with a certain amount of art as a vision and insight‚ and some science‚ particularly in the form of analysis and technique”-Henry Mintzberg. This quote stands out to me because it sums the role of a manager. In chapter 1 we have learned 8 managerial functions in which I believe are all a great approach to describing what manager do on a daily basis and what functions assist them to make wise “corporate” decisions
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LOGESWARI D/O SELVAN 016-4007921 Personal Details IC No : 930906-02-5820 Permanent Address : No. 90‚ Lorong 3‚ Taman Pahlawan 08000 Sungai Petani Kedah Darul Aman. Race : Indian Religion : Hindu Birth Date : 06 September 1993 Marital Status : Single Height/Weight : 1.69 m / 48 kg Nationality
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ignored.) C8: Using CAPM: KE’=3.2%+0.91*5.5%=8.21% C9: Using DGM formula: P’=D1/ (KE’-g) =1.06*(1+8%)/(8.21%-8%)=$545 In Nike’s case‚ when Joanna Cohen calculated the WACC of Nike‚ she made several mistakes and led to a wrong estimate of the cost of capital. The first mistake comes to the book value of equity used in calculating WD. Nike became a publicly traded company since December 2‚ 1980‚ the share price has changed significantly during 20-year’s time. So‚ the market value of equity should be used
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