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NIKE
AU
by
Aureliana Elena Ursu
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Updated Dec 13, 2022
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Chapters
00:00
Chapter 1
00:20
Chapter 2
00:56
Chapter 3
01:39
Chapter 4
01:40
Chapter 5
02:55
Chapter 6
03:46
Chapter 7
04:17
Chapter 8
04:39
Chapter 9
05:10
Chapter 10
05:40
Chapter 11
06:14
Chapter 12
06:58
Chapter 13
07:38
Chapter 14
08:10
Chapter 15
08:53
Chapter 16
09:36
Chapter 17
Audio Transcript
Auto-generated
00:01 - 00:02
My name is
00:02 - 00:07
Elena Elena also um student I. D. 18705.
00:08 - 00:13
You need business and business environment and I'm presented
00:13 - 00:19
um pastel and swat analyzing um For Nike company
00:20 - 00:28
night company it was founded in 1964 as blue ribbon sports and in 1971 become Nike
00:28 - 00:31
amongst poor businesses.
00:31 - 00:36
It's one of the greatest with 76,000 employees. World wild
00:37 - 00:39
in 2020 the revenue was
00:39 - 00:41
37.4
00:41 - 00:43
billion dollars.
00:43 - 00:49
Us and the culture of innovation and the mentality of team
00:49 - 00:54
first and the shared purpose in order to live adorable impact.
00:57 - 01:02
Now Nike Nike has 46,
01:02 - 01:06
of leadership positions are occupied by female and
01:06 - 01:10
by 2025 they want to increase this to 45%
01:10 - 01:11
as well.
01:11 - 01:16
Nike wants to maintain the 30% ethnic minorities and racial representatives,
01:16 - 01:19
a director level and above in us,
01:20 - 01:25
78% renewable energy from 48 in 2020 and
01:26 - 01:28
$1 billion
01:28 - 01:32
cumulative spend on diverse suppliers. By 2025
01:32 - 01:38
97.7 million Nike invested to have a positive impact in communities,
01:41 - 01:43
pastel analyzes. Um
01:44 - 01:45
It's um
01:47 - 01:48
it's um
01:49 - 01:58
analyzes of how external factors can influence a company pistol means political,
01:58 - 02:03
economical, social, technological, environmental and legal, political.
02:03 - 02:07
It's the intervention of government in the economy or certain
02:07 - 02:12
industry and impacts on on company present and future,
02:12 - 02:19
economical determines the economical growth, unemployed rates, exchange rates,
02:19 - 02:20
interest rates,
02:20 - 02:23
taxes, country's infrastructure,
02:23 - 02:27
social creating a customer profile as accurate
02:27 - 02:30
as possible by analyzing customers behavior,
02:31 - 02:35
technological implementing technology and devices, machines
02:35 - 02:37
in all departments of a company
02:38 - 02:39
environment.
02:39 - 02:41
The impact the company have
02:41 - 02:45
has on environment and the actions are expected to
02:45 - 02:48
be taken by companies to help improving the footprint,
02:48 - 02:50
carbon waste and pollution,
02:51 - 02:54
legal laws and regulation of the industry
02:56 - 03:00
on Nike. The political factor uh,
03:01 - 03:06
Was that in 2019 uh Nike was facing a challenge
03:06 - 03:09
due to the trade tension between us and China.
03:09 - 03:12
As President Donald Trump announced that it will
03:12 - 03:16
increase tariffs on all Chinese goods by 10%.
03:16 - 03:21
That will cost Americans customer an additional $7 billion dollars per year.
03:21 - 03:24
Nike goods at the time were produced only
03:24 - 03:28
10% in China and exported to American market.
03:28 - 03:33
Nike took the decision to diverse the supply chain including manufacturing site
03:33 - 03:36
in countries as talent. Vietnam Indonesia
03:37 - 03:40
was a very good business decision as made
03:40 - 03:43
the company to shield against the financial
03:43 - 03:46
consequences of political power.
03:47 - 03:52
The economical factor was that in 2008 would do to the economical crisis.
03:53 - 03:55
Nike needed to adapt to the new environment.
03:55 - 04:00
By restructuring 5% of workforce and cutting costs was the
04:00 - 04:03
biggest job reduction in the history of the company.
04:03 - 04:07
But Nike survived while all the companies went bankrupt.
04:08 - 04:12
Company stock lost 28% as people were struggled with job loss
04:12 - 04:17
and lower incomes which impact the sales by 12% drop.
04:17 - 04:19
Nike reflects your customer.
04:19 - 04:22
Nike says that reflects your customers values and beliefs
04:23 - 04:26
is having a partnership with basketball all time.
04:26 - 04:29
Star Michael Jordan's which helped to increase the sneak
04:30 - 04:33
Heard, culture and global development and
04:34 - 04:39
is estimated to reach $2 billion dollars on sneakers resale market.
04:40 - 04:46
The technological factor is that my Nike mission is to increase human potential
04:46 - 04:47
for achieving that.
04:47 - 04:52
Nike creating new products through game changing innovations.
04:52 - 04:55
The food scanning is the latest test innovation to
04:55 - 04:58
find the best feet designed for each individual customer.
04:58 - 05:03
Nike feet innovation uses a combination of artificial intelligence,
05:03 - 05:05
computer vision, data science,
05:05 - 05:10
machine learning and recommended algorithms to find the best fit.
05:11 - 05:17
The environmental factor is that Nike made a lot of changes over the last 20 years
05:17 - 05:20
to become environmentally conscious and friendly.
05:20 - 05:26
By end of 2021, Nike eradicate the single use plastic bags in all its stores.
05:27 - 05:33
By 2025, Nike announced that is committed to switch 100% to renewable energy.
05:34 - 05:36
Nike designed a line of sports clothes and
05:36 - 05:40
sneakers from recycled waste plastic as well.
05:41 - 05:43
The legal factor
05:44 - 05:51
Is that over the years, Nike has been a number of legal battles in 1980s. Nike
05:52 - 05:57
Nike has been taken to court for poor working conditions which fell to disclosure,
05:58 - 06:03
has a legal battle with adidas for patterns in front infringements.
06:03 - 06:04
And recently,
06:04 - 06:08
Nike started a legal battle with Skechers for copying desired pattern.
06:09 - 06:13
Nike as well. It's protecting its design patterns in court
06:16 - 06:24
if pastel was the external factor of um, what, how the company can be influenced.
06:24 - 06:31
What analyzing is the internal factor, um, which can influence the company.
06:31 - 06:36
Uh, the factors can be strengths, weaknesses, opportunities and threats,
06:36 - 06:39
evaluation of companies competitive position and
06:39 - 06:41
helps in developing a strategy plan.
06:42 - 06:46
The swat analyzing facilitate a realistic fact base
06:46 - 06:50
data driven in image and helps company to avoid
06:50 - 06:53
gray areas and instead focus on real life contest
06:54 - 06:57
should be used as a guide, not a prescription.
06:59 - 07:02
If we look at Nike, his trends are,
07:02 - 07:05
this is the strong brand awareness and brand value.
07:05 - 07:08
His brand value. It's
07:08 - 07:12
estimated at $42.5 billion.
07:12 - 07:15
It's easy to pronounce and unique and memorable as well.
07:15 - 07:19
Huge customers base market cup is now at
07:19 - 07:25
$232 billion lawyer customer who follow NYC's trends provide feedback,
07:25 - 07:27
participate in NYC events as well
07:28 - 07:30
and aim for sustainability.
07:30 - 07:34
Move to zero night journey to move forward towards zero waste
07:34 - 07:38
and zero carbon to help to protect the future of sport.
07:39 - 07:43
Nike weakness are that his dependency on the us market.
07:43 - 07:48
Still 39% of sales are coming from North America and Nike
07:48 - 07:53
depends for substantial growth and sales in the United States,
07:53 - 08:00
retailers have a stronger hold, 65% of Nike products are sold directly to well,
08:00 - 08:02
sailors or retailers
08:03 - 08:08
unsafe due to the consistently being target for poor working conditions.
08:08 - 08:10
In the last 20 years.
08:11 - 08:13
In our sport analyzes
08:14 - 08:16
opportunities online company.
08:16 - 08:18
Our innovative products,
08:18 - 08:23
wearable technology that monitor activity is the first step in
08:23 - 08:28
innovative technology products but in aspect of fashion industry that
08:28 - 08:33
wasn't explored much emerging markets like India china and brazil
08:33 - 08:37
are flourishing and are plenty opportunities for Nike to expand
08:38 - 08:40
efficient integration.
08:40 - 08:45
Independent manufacturers are the main supply and production of Nike products.
08:46 - 08:50
Nike will require a few of these or make some of its own
08:50 - 08:53
to be more efficient and organized supply chain.
08:55 - 08:58
Nike company threats are counterfeit
08:58 - 09:02
products can significantly affect the reputation and revenue of Nike
09:03 - 09:08
the low prices products to use low quality material, but still using Nike logo.
09:08 - 09:13
This can affect the image of the brand as customers might think. Nike
09:13 - 09:15
started to use low quality materials,
09:16 - 09:19
increased competitive pressure. Nike even if he does
09:19 - 09:25
The athletic industry competition and new brands are still a threat to the company.
09:25 - 09:28
Nike spent $3.5 billion dollars specifically on
09:28 - 09:32
marketing and Nike saved bet is to produce
09:32 - 09:36
innovative products according to athletes needs
09:38 - 09:44
as per swat and pastel analyzes will notice that even if you are the best
09:44 - 09:46
is still room enough for improvement at
09:46 - 09:49
customer behavior changes very often and rapidly.
09:50 - 09:53
Nike could improve the innovative products and to try more
09:53 - 09:57
to sell those on a higher percentage on the international markets
09:58 - 10:00
than us a market
10:01 - 10:01
as well.
10:01 - 10:06
Nike could use more the online marketing directly and not through the retailers,
10:06 - 10:09
which will have a huge impact on increasing the profit
10:09 - 10:10
overall.
10:10 - 10:12
Nike is trying to improve all the time and
10:12 - 10:16
to increase company's revenue on the international markets,
10:16 - 10:20
on athletic and leisure footwear, fashion and equipment.
10:21 - 10:21
Thank you.
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