Nike Financial Analysis Nike is a company that has thoroughly embedded itself into the psyche of people around the world. It’s a company that started with humble origins from selling footwear in the basement to becoming the behemoth in the athletic industry. Bill Bowerman‚ University of Oregon track & field coach‚ and Phil Knight‚ middle-distance runner under Bowerman co-founded Nike. Nike was first established as Blue Ribbon Sports in 1964 as a partnership and the name Nike was officially adopted
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the future cost of debt. Joanna calculated the cost of debt by taking the interest expense for 2001 and dividing it by the average debt balance. The cost of debt for Nike is the effective rate that it pays on its current debt‚ meaning the yield to maturity of bonds should be used to make an estimate instead of the average debt balance. Through the use of past data‚ the average balance of debt‚ the 4.3% before-tax cost of debt does not accurately reflect Nike’s current or future cost of debt‚ and
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` case? 2. Why should Nike be held responsible for what happens in factories that it does not own? Does Nike have a responsibility to ensure that factory workers receive a “living wage”? Do the wage guidelines of FLA or WRC seem most appropriate to you? Why? 3. Is it ethical for Nike to pay endorsers millions while its factory employees receive a few dollars a day? 4. Is Nike’s responsibility to monitor its subcontracted factories a legal‚ economic‚ social‚ or philanthropic responsibility
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A. Brief Company Background: Brief History: Nike‚ Inc. was incorporated in 1968 when The University of Oregon’s track and field coach‚ Bill Bowerman‚ and his star runner‚ Phil Knight‚ thought they could better design and sell shoes to runners than what was available at the time. It is headquartered in Washington County‚ Oregon. Nike is many things – a product designer‚ a consumer goods manufacturer‚ a brand communicator‚ a leader in corporate responsibility‚ and a portfolio of authentic footwear
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Nike‚ Greek Goddess of Victory In Greek mythology‚ Nike was a goddess who personified victory. She was the beautiful goddess of strength. Her great speed enabled her to be victorious. This is why she is also known as the Winged Goddess of Victory. Nike is the daughter of Pallas‚ a Titan and Styx. She had three brothers‚ Kratos (Strength)‚ Bia (Force)‚ and Zelus (Zeal & Jealously). Nike is seen with wings in most statues and paintings. Her symbols include a wreath or sash to crown a victor‚
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The Temple of Athena Nike Greek Architecture is the most important and influential in Western history reaching a peak between 400 and 300 BC. Some examples of Ancient Greek architecture and sculptures were built primarily for religious purposes‚ to represent deities or to serve as temples‚ such as the Acropolis‚ the Parthenon‚ Erechtheum‚ Apollo Didyma‚ and the Temple of Athena Nike. The decision to build Athena Nike was an expression of Athens’ ambitions to defeat Sparta and become a world
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Nike‚ a very popular company‚ is a very creative and a wealth company. Nike is an amazing company. Starting out as a little company with little money and becoming one of the leading brands in the world. Making millions of dollars and coming out with new apparel and shoes every single day. Making many people happy. Too many people are in love with this company. “ I am just happy to be a part of the Nike family.”(Lebron James‚ 2016- BrainyQuote‚" n.d.). As you can see many people love this brand‚
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Nike transform into a market-oriented company after 1998. Prior to 1998 Nike gained market share based off of Nike name branding. Nike was not a company that looked towards the future‚ they failed recognized the wants and needs of their customer base and was totally insentive to the ethical issues of exploiting oversea workers. Nike created a new management team to in reinvent Nike. The company now uses its capabilities and matches them to their customer’s value. It appears the customers are the
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NIKE _______________ IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR STRATEGIC MANAGEMENT _______________ BY: Castronuevo‚ Jan Clark Meer‚ Regginald Young‚ Johnedel Quintero‚ Arvin Dioneda‚ Jefrick September 18‚ 2009 Section 1 - Executive Summary Back before the Swoosh logo and long before the days we were called Nike‚ there was Blue Ribbon Sports (BRS). It was the company Phil Knight‚ our founder‚ and legendary track coach Bill Bowerman created in 1964 to provide athletes with
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Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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