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Nike's History and Marketing
Every box of Nike shoes states, “engineered and built to the exact specifications for championship athletes around the world.” Nike has become the measuring stick in the world of merchandising and endorsing. Top athletes around the world are often seen with a famous Nike swoosh on their shoes. It is not uncommon to see some form of Nike product everywhere you look. Nike “head honcho” Phil Knight wants to keep it that way, too.
In the spring of 1972, Phil Knight, a graduate of the University of Oregon, introduced the city of Beaverton, Oregon to the world of Nike. Phil decided that by selling shoes out of the trunk of his own car he would impact the world forever. Phil was right. First year sales for Phil Knight equaled $8,000. This meant that Phil made a $250 profit. Phil was a little down on his luck, so he decided to seek the expert advice of his head track coach in college. Bill Bowerman came up with an idea that forever changed the world of Nike. Bill Bowerman decided to put some rubber compound in a waffle maker and take the result of that experiment and glue them to the bottom of a shoe. Bill gave the shoes to a couple of his long distance runners to see what they thought. Results came back positive. Good traction mixed with extra cushioning proved to be a winning result (History).
Now if only the public could hear about the startling development. Who better to promote the Nike waffle trainer than tennis “bad boy” John McEnroe. The king of controversy himself was there to aid Phil Knight in his time of need. Phil Knight used a method of advertising that was unheard of. Controversy sold and there was no doubt about it. Nike figured that by people viewing the outrageous gestures made by John McEnroe they would soon catch onto what he was wearing, this included his shoes. Nike waffle trainers were flying off shelves and Phil Knight had hit a jackpot (History).
In 1984, Phil Knight had his hands full once again. Knight decided that by sponsoring a basketball player it would boost his sales of Nike even more, especially if the players were controversial. Knight had to decide between NBA stars such as Larry Bird and Magic Johnson. Both decided that Nike was not for them and picked the Converse shoe instead. Phil Knight decided that a scrappy ball player fresh out of North Carolina named Michael Jordan...
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... Nike’s newest lines of shoes, the Nike Shox. The “Boing” campaign has swept this nation of its feet in 2001. The shoe consists of spring representing units in the heel of every shoe. It is unique in its own way and basketball players around the world have adapted to the feel of it and love it.
With Nike well on its way to becoming the leading sports shoe industry for years to come, it is obvious that Phil Knight will never stop creating a controversy around his campaign ads. Look for Nike to be the only shoe company around in a hundred years because of the simple fact that as long as the world of sports never dies neither will Nike. Promoting and encouraging athletes has become a trademark for Nike. Nike sees greatness in sports as a way to not only make itself that much richer, but also assist a great athlete to become that much greater.
Works Cited
Nike, Inc. “Michael Jordan,” January 2001. May 2, 2001. http://www.jumpman23.com
Nike, Inc. “Player Profiles,” May 2001. May 2, 2001. http://www.nikebasketball.com
Nike, Inc. “Jordan retires,” June 1999. May 2, 2001. http://www.nikebiz.com
Nike, Inc. “History,” November 2000. May 9, 2001. http://www.nike.com
"Nike." Columbia Electronic Encyclopedia, 6th Edition 1. Academic Search Premier, EBSCOhost (accessed November 6, 2009).
Phil Knight was born in Portland in 1938 to Oregon's only billionaire, where he became interested in track in part because it "Allowed the people that trained the hardest to succeed." So in college, he studied shoe design while being coached by Bowerman. Knight was convinced that he could market the innovations developed by Bowerman. Knight successfully convinced star athletes to endorse his product, including Steve Prefontaine, a middle distance star racer, and four of the top seven American track Olympic qualifiers. This convinced other athletes to wear Nikes and it eventually trickled down to the ranks of Joe Jogger, who had just become part of the first running boom. Knight helped developed advertisements such as the famous Just Do It, and promoting the first ever cross-training shoe by getting famous two sport athlete Bo Jackson to endorse with the campaign “Bo Knows”. These slogans helped convince Americans to run and do other fitness activities.
Nike's Lance Armstrong, LaDainian Tomlinson, Brandi Chastain and Freddy Adu Share Thoughts on Revolutionary Nike FREE Shoes PR Newswire US
But what makes people buy the name brand Nike? They have great advertisement. I love to watch Nike commercials; they appeal to me as an athlete. The commercials show the inner fight in people, breaking records, becoming a stronger person, being the best you, and being the best athlete; you can be overcoming anything. I find their advertisement to be very inspiring and motivational. The Nike slogan ‘Just Do It’ plastered on so many products inspire others to get out and ‘Just Do It,' no hesitation. Nike tries to appeal to you to buy their products by placing their apparel on professional athletic. Everyone knows Lebron James he has many young athletes that look up to him and want to be just like him. What do they see Lebron James wearing? Nike apparel, for the kids that want to be just like him, they want what he has. So they want the Nike look. For me personally, I see Nike products and logos at just about all sporting events, which is a great strategy for the business.
Nike’s goal is to remain unique and different from others in terms of the items offered on the market. Arguably, Nike belongs to a monopolistically competitive market as there only a few organizations with the ability to regulate the amount charged for their product which means they cannot make their prices high as this is likely to make customers move on to other available choices (Nike, Inc., 2012). However, Nike can find a balance between the prices to charge for their products and remaining competitive with other companies in the industry. Nike has formed a distinction between the appearance and performance of their footwear and that of their competitors. Although products are differentiated from other companies, they still influence each other because they are items of the same
In 1965 two men by the names of Bill Bowerman and Phil Knight started Blue Ribbon Sports, now known as Nike, the business almost instantly became a top competitor. In 2012 Nike was said to have a net worth of 67 billion dollars, and co-founder Phil Knight a net worth of 18.7 billion dollars. The amount of profit Nike has attained is eye- opening, which made individuals that much more infuriated when they discovered Nike was accused of having sweatshops internationally. The accusations began in 1991 when activist Jeff Ballinger published a report, documenting the harsh conditions workers were forced to work in. Acknowledging the fact that Nike’s business plan was more about making profit than treating employees with any dignity. Nike’s strategy seemed to be to enter into poor nations where individuals were desperate for work. In 1996 it has been ...
Nike was first known as Blue Ribbon Sports, founded by University of Oregon track athlete Philip Knight and his coach Bill Bowerman in 1962. It officially became Nike, Inc. in 1978 while taking its name after the Greek goddess of victory. Mark Parker is the current CEO and Phil Knight still continues to hold a position at the top of the organization, as the company Chairman.
There are as many brands as there is ants in the world, but the two brands that pop out are adidas and nike. Those two brands have been going head to head for ages to see who is the better brand. It’s been tested, compared, and debated which brand is better. Whether it’s the quality of the materials or the cost of it, the debate is ongoing. Both brands have been fighting for the top ever since they were both created and I don’t blame them it’d be fantastic to be the best brand in the world. When Nike and adidas are contrasted, it becomes clear that the Adidas brand are better for the overall consumer and enhances sport performance than Nike.
From their marketing strategies to their selling philosophies, Nike has developed one of the most recognizable and demanded name and logo tandems ever created.
Nike Inc. was founded in 1962 by Bill Bowerman and Phil Knight as a partnership under the name, Blue Ribbon Sports. Our modest goal then was to distribute low-cost, high-quality Japanese athletic shoes to American consumers in an attempt to break Germany's domination of the domestic industry. In 2000 Nike Inc. not only manufactured and distributed athletic shoes at every marketable price point to a global market, but over 40% of our sales came from athletic apparel, sports equipment, and subsidiary ventures. Nike maintains traditional and non-traditional distribution channels in more than 100 countries targeting its primary market regions: United States, Europe, Asia Pacific, and the Americas (not including the United States).
...fected by print advertising even if they don’t realize it. Nike uses all different forms of advertising to appeal to all audiences.
Nike is the number one innovator in the world in athletic footwear, apparel, equipment, and accessories. This worldwide company operates in an extremely different organizational structure than other companies, such as Reebok and Adidas. Nike operates tremendous marketing strategies and develops inventive designs to inspire athletes around the world. This company is one of the largest suppliers in the world in athletic footwear and apparel, main producer of sports equipment, and making Nike the most valuable brand among sports companies. The task for Nike is to join diversity and inclusion to encourage ideas and innovation. Around the world, this company is a popular brand.
Nike, Inc is one of the leading companies in the world that is known for its brand of athletic footwear, apparel, equipment and accessories.
Nike is the world famous company. It is an American multinational corporation which is occupied in the design, development, manufacturing and worldwide marketing and selling of the footwear, equipment and many more other services. The Nike Company was founded on 25 January 1964. The first founder Bill Bower man and the second founder Phil Knight. The Nike name comes from the Greek word goddess of victory. The mission of the Nike Company is to bring inspiration and innovation to every athlete in the world. There are two sides to Nike: the public face and hidden misery. It is the number one shoe maker in the world. This Company creates designs for all age groups, for instance, for men, women and for Children.
This project concentrates on the Nike Sports shoe; Nike is one of most significant shoe manufacturing company worldwide. Sportswear manufactured by Nike is known for quality and is most liked brand of athletes. (Daniel, 2011)