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Essay on the globalization of Nike
Essay on the globalization of Nike
Essay on the globalization of Nike
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Reselling, what comes to mind when you hear reselling. The root word being “selling” gives us evidence to believe that something is being sold. “What if I told you that everything around you right now can be resold?” This statement would not be surprising to the average person. For the average person should know that items have value. There are many types of sub categories for reselling. Media today shows many examples. Through TV shows such as Flip or Flop, and Property brothers. All which are based on Reselling. Cambridge Dictionary defines “Reselling” as: “To sell something that you previously bought.” Google Dictionary uses its root word in a sentence. “Products can be resold on the black market for huge profits.” The fastest growing reselling business is Sneaker reselling. …show more content…
The Sneaker community is a reflection of different cultures pertaining to sneakers. The Influencers of the sneaker culture Includes Sports superstars such as Micheal Jordan, Bo jackson, and lebron James. All who have had Sneaker deals by Nike and changed the we play sports today. Next is Nike and Adidas the two mega Shoe endorsers and shoe sellers which have also heavily influence the sneaker community. Music genres, more specifically Hip- Hop. To Run DMC being one of the first hip- hop groups to have a major record deal with Adidas. Also releasing the song “My Adidas.” To Nelly’s hit song “Air Force Ones”. Which have driven Nike sales and made the air force one, one of the must well know shoe silhouette ever known to man. Fashion designers such as Jermy scott, Virgal Abloh, and others, are also looked upon to contributing to the culture. With the winged Jermy scott shoes, to the off white air force one with the zip tie, all which have impacted the sneaker culture Without some of these key ingredients the sneaker culture would not be what it
Perhaps Ryan hasn't stood on a city street corner, or in a suburban shopping centre, to see just how much Nike gear has become part of youth culture. This is in large part due to the "street cred" that comes from being associated with the likes of the larger-than-life Michael Jordan and the outrageous "dunk-punk" Dennis Rodman, US NBA basketball -- according to one poll, the most popular sport among Australian young people -- and, indirectly, African-American fashion and music.
From the socio-economic struggles of 1970's New York, a new kind of subculture emerged, and from this, a new style of music known as Hip-hop. The rap group Run DMC pioneered to some extent the transformation of hip hop from an underground phenomenon to a genre recognised as mainstream and a significant aspect of pop-culture. Run DMC produced the first rap album to go tripple platinum and produced the first rap song to be featured on the 24 hour music channel, MTV. The groups became increasingly popular throughout the ninteen eighties and through their popularity , the style of the subculture they were representing was sold to the mainstream not only through Music, but other form of Media too.
In today’s modern markets, what is not for sale? As Michael J. Sandel points out in What Money Can’t Buy, almost everything is a commodity for sale, from prison cell upgrades, to the right to emit carbon into the atmosphere and even the right to shoot an endangered animal. The unique markets for these commodities came as a result of faith in markets and subsequent deregulation as the primary means of achieving public good. The current financial crisis, which began in 2008, has cast doubt on that faith.
Since its creation, Nike has proven itself as a popular brand and it has created niches by selling products such as footwear, apparels and various types of sports equipment. This paper will attempt to trace the product development of Nike shoes from its origins in conception and design to the manufacturing and production process located in contract factories in developing countries to advertising and marketing of Nike as a cultural commodity and finally, the retailing of the footwear around the world.
"Getting and spending" has eclipsed family, ethnicity, even religion as a defining matrix. That doesn't mean that those other defining systems have disappeared, but that an increasing number of young people around the world will give more of their loyalty to Nike than to creeds of blood, race, or belief. This is not entirely a bad thing, since a lust for upscale branding isn't likely to drive many people to war, but it is, to say the least, far from inspiring.
Hip-hop as a musical form began among the youth of South Bronx, New York in the mid- 1970’s. Individuals such Kool Herc and Grandmaster Flash were some of the early pioneers of this art form.(Fernando 43) Through their performances at clubs and promotion of the music, hip-hop consistently gained in popularity throughout the rest of the 1970’s. The first commercial success for hip-hop was a song “Rapper's Delight” by the Sugar Hill Gang in 1979.(Potter 45) This helped bring hip-hop into the national spotlight. The 1980’s saw the continued success of hip-hop with many artists such as Run DMC (who had the first rap album to go gold in 1984), L.L. Cool J, Fat Boys, and west coast rappers Ice-T and N.W.A becoming popular. Today, in the late 1990’s rap music continues to be a prominent and important aspect of African- American culture.
One of the most influential groups to date who helped paved the way for the second coming generation of rap music in the 80’s was RUN-D.M.C. The group consisted of 3 members: Jay Mizell, also known as “Jam Master Jay”, Darryl McDaniels, and Joseph Simmons. From the years 1981 all the way through 2002, they were changing the game of rap and bringing in new ideas into the field. Rather than switching from one flow to the next on their verses, they finished each other's lines, something no other big group had done before. They were the first hip-hop artists to create entire albums, not just some mixes with singles and some nonsense. It was this same trio who also “introduced hats, gold chains, and untied sneakers” (“Rolling Stone”, para. 1, 2001)
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 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.
In the case of Nike footwear they have segmented into the following groups: Running shoes, Soccer, Basketball, Football, Hockey, Golf, Tennis, Skateboarding, men’s training and women’s training. Nike footwear has a lot of target markets but their main target market is athletes and fitness professionals. The second target market are people who train, work out and play sports as hobbies or who are semi-professional. Nike also targets the fashionable people. Nike footwear is has further segmented their market according to the people that endorse the products. For example: Jordan, Kobe, Lebron and Durant to name a few. The footwear segment has also been segmented on the bases of brands like Jordan and Converse. (Nike website). According to Svezia Nike will continue to use “premium channels of distribution to family and value channels, it will continue to segment and take market share wherever it presents itself.” (Canadian
Charles & Keith, a well-recognized women’s footwear brand was established in 1996 in Singapore Amara shopping centre by the two young brothers, Charles Wong and Keith Wong. The company began its foreign market venture in 2000. To date, Charles and Keith has a presence in more than 20 major cities around the world. The brand are well-known internationally today with the vision “to be the most admired fashion-forward company” and the mission “to offer high quality products and services, with a commitment to perfection” in mind all the time (Charles & Keith, 2013).
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)
the shoe industry has are making shoes that all people wear such as setting a
market unless they did one of three things. Firstly they could come up with a
Hip- hop is a standout amongst the most compelling musical sorts on the globe. There are rappers everywhere that know what amount of an impact their music can have. Some entertainers attempt to utilize that force of impact to do great (Ruiz INT).