Problem How can Nike continue to increase their sales and profitability‚ not only here in the U.S. but around the world? Nike also needs to improve their public image as well as their customer service to continue to be competitive in the apparel industry. Possible Action Alternatives 1) Continue expansion into global markets where competitors have been successful. There are huge opportunities for Nike to grow across multiple dimensions in terms of international expansion. Nike should take advantage
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different cultures. When the company wants to co-operate with international companies‚ one important point is‚ the company must understand the characteristics of the cultural differences. Cultural issues are key factors of company success and failure. Culture differences can have important effects on companies operating in another country. (Deresky‚ 2006) from this report will choice China‚ U.S. and Britain. Hofstede’s culture dimensions are basic framework to analyse the culture differences between
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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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Caring in Three Dimensions This paper will carefully elaborate three different theories‚ theory of transpersonal caring by Jean Watson (1979)‚ theory of culture care diversity and universality by Madeleine Leininger (2006) and the caring theory by Anne Boykin and Savina Schoenhofer (1993). All theorists delved on a common denominator‚ caring. The core concept will be interpreted in three different dimensions‚ following each of the theorists’ interpretation. Similarities and differences will be deliberated
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In chapter four‚ "The political dimension of globalization‚" Steger did a tremendous job in analyzing the intensification and expansion of political interrelations across the globe. Steger brought up two major issues‚ which I found intriguing‚ dealing with how globalization affects modern nation-state system‚ which traced back to 17th-century‚ and the demise of the nation-state that gave rise to a “borderless world.” On the other hand‚ Xiaohua Ma discoursed of reconciliation and forgiveness in her
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whether to buy Nike’s Stock Nike’s net income has fallen from $800 million to $580 million since 1997. Also its profit and market share have declines significantly from 48% to 42% (Shoe products market share) from 1997 to 2000 To counter this down fall Nike has decided to develop more athletic shoe products in mid-priced segment and also to push their apparel line. It has also decided to cut down expenses Analyst reactions are mixed – Lehman Brothers report a recommended “Strong Buy” whereas UBS Warburg
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Hitting the Wall: Nike & international labor practices How well and how responsibly do you think she has handled these issues to date? What advice would you give her about how she should now proceed? What principles should guide the company’s policies and practices? What opportunities‚ constraints‚ and risks does the firm face? What are the scope and limits of its social responsibilities? There are two aspects to look at how Nike has acted: 1) The intension with which it has acted:
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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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Geert Hofstede™ Cultural Dimensions * Average Hofstede Dimensions of all counties surveyed Power Distance Index (PDI) that is the extent to which the less powerful members of organizations and institutions (like the family) accept and expect that power is distributed unequally. This represents inequality (more versus less)‚ but defined from below‚ not from above. It suggests that a society ’s level of inequality is endorsed by the followers as much as by the leaders. Power and inequality‚ of
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