The Nike Corporation is the world’s leading supplier of athletic shoes and apparel. The company takes its name from the Greek goddess of victory‚ and has fulfilled its reputation of being victorious in the sporting good industry for over a decade. For several organizations Nike had become a symbol of the evils of globalization as the company became a target for accusations that products were manufactured in "sweatshops" using child labor‚ working excessive hours under hazardous conditions while being
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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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article I chose is called “Empty Promises‚ Empty Cradles”. This case involves fake adoptions. A family is promised a child‚ and when the time comes‚ there is no child given to the family. Shockingly enough‚ there were no children to begin with. The women who promised their unborn children to the people‚ who were interested in adopting‚ were not even pregnant. At least six couples in the Midwest were victimized by this adoption fraud scheme. For example‚ in a Florida case a woman contacted over a dozen
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NIKE CASE STUDY 1. Why is it important to estimate a firm’s cost of capital? What does it represent? Is the WACC set by investors or by managers? Weighted average cost of capital or WACC represents the overall cost of capital in the company. It takes into considerations cost of debt and cost of equity. As company’s value can grow by increasing its assets that could be financed either be debt or equity and cost of capital shows how much it costs to do that. Cost of capital is a very important component
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NO MORE PROMISES Synopsis The theme of this essay “A democracy that delivers” is an apt one coming in the wake of Nigeria’s emerging democracy. This essay titled “No more promises” discusses democracy and its operations in Nigeria where I live. It examines governance in Nigeria within the context of the challenges of returning to a democratic system of governance after many years of military rule. It looks at citizens’ expectations and how far they have been met in ten years of a new democratic
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The American Promise Throughout the world‚ the United States is infamous for its guaranteed freedom to its citizens. People travel from all around many different parts of the world to get a taste of the lifestyle and opportunity the United States citizen’s are offered everyday. This nation thrives on preserving our personal freedoms‚ property‚ and liberty; moreover‚ it is the nation’s promise to its citizens. These rights are binded in our coveted Bill of Rights and the Constitution‚ a document
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Throughout the book “The Promise of a pencil” by Adam Braun‚ the book gives an insight to the trial and tribulation that Braun went through to start his non-profit organization‚ Pencils of Promise and a little bit of his background. One theme that was displayed in the book that I related to was that Staying on track with your goals will help make a person’s dream into reality. This theme I could apply to my life experience and my transition to Florida International University. Indeed‚ this book talks
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Ethics For Nike‚ labor and human rights continues to be a top priority and corporate concern. Ethics is essential in crisis communication. Nike’s sweatshop labor crisis demonstrates the importance of ethics. To defend its practices and public reputation during this crisis‚ Nike responded to allegations in ethical ways‚ employing truthfulness and transparency‚ disclosing their corporate social responsibility statements‚ including a fair employee treatment and a labor report‚ and commissioning
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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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| 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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