NIKE

AU
by Aureliana Elena Ursu1 view·Updated Dec 13, 2022

Chapters

Audio TranscriptAuto-generated

  1. My name is
  2. Elena Elena also um student I. D. 18705.
  3. You need business and business environment and I'm presented
  4. um pastel and swat analyzing um For Nike company
  5. night company it was founded in 1964 as blue ribbon sports and in 1971 become Nike
  6. amongst poor businesses.
  7. It's one of the greatest with 76,000 employees. World wild
  8. in 2020 the revenue was
  9. 37.4
  10. billion dollars.
  11. Us and the culture of innovation and the mentality of team
  12. first and the shared purpose in order to live adorable impact.
  13. Now Nike Nike has 46,
  14. of leadership positions are occupied by female and
  15. by 2025 they want to increase this to 45%
  16. as well.
  17. Nike wants to maintain the 30% ethnic minorities and racial representatives,
  18. a director level and above in us,
  19. 78% renewable energy from 48 in 2020 and
  20. $1 billion
  21. cumulative spend on diverse suppliers. By 2025
  22. 97.7 million Nike invested to have a positive impact in communities,
  23. pastel analyzes. Um
  24. It's um
  25. it's um
  26. analyzes of how external factors can influence a company pistol means political,
  27. economical, social, technological, environmental and legal, political.
  28. It's the intervention of government in the economy or certain
  29. industry and impacts on on company present and future,
  30. economical determines the economical growth, unemployed rates, exchange rates,
  31. interest rates,
  32. taxes, country's infrastructure,
  33. social creating a customer profile as accurate
  34. as possible by analyzing customers behavior,
  35. technological implementing technology and devices, machines
  36. in all departments of a company
  37. environment.
  38. The impact the company have
  39. has on environment and the actions are expected to
  40. be taken by companies to help improving the footprint,
  41. carbon waste and pollution,
  42. legal laws and regulation of the industry
  43. on Nike. The political factor uh,
  44. Was that in 2019 uh Nike was facing a challenge
  45. due to the trade tension between us and China.
  46. As President Donald Trump announced that it will
  47. increase tariffs on all Chinese goods by 10%.
  48. That will cost Americans customer an additional $7 billion dollars per year.
  49. Nike goods at the time were produced only
  50. 10% in China and exported to American market.
  51. Nike took the decision to diverse the supply chain including manufacturing site
  52. in countries as talent. Vietnam Indonesia
  53. was a very good business decision as made
  54. the company to shield against the financial
  55. consequences of political power.
  56. The economical factor was that in 2008 would do to the economical crisis.
  57. Nike needed to adapt to the new environment.
  58. By restructuring 5% of workforce and cutting costs was the
  59. biggest job reduction in the history of the company.
  60. But Nike survived while all the companies went bankrupt.
  61. Company stock lost 28% as people were struggled with job loss
  62. and lower incomes which impact the sales by 12% drop.
  63. Nike reflects your customer.
  64. Nike says that reflects your customers values and beliefs
  65. is having a partnership with basketball all time.
  66. Star Michael Jordan's which helped to increase the sneak
  67. Heard, culture and global development and
  68. is estimated to reach $2 billion dollars on sneakers resale market.
  69. The technological factor is that my Nike mission is to increase human potential
  70. for achieving that.
  71. Nike creating new products through game changing innovations.
  72. The food scanning is the latest test innovation to
  73. find the best feet designed for each individual customer.
  74. Nike feet innovation uses a combination of artificial intelligence,
  75. computer vision, data science,
  76. machine learning and recommended algorithms to find the best fit.
  77. The environmental factor is that Nike made a lot of changes over the last 20 years
  78. to become environmentally conscious and friendly.
  79. By end of 2021, Nike eradicate the single use plastic bags in all its stores.
  80. By 2025, Nike announced that is committed to switch 100% to renewable energy.
  81. Nike designed a line of sports clothes and
  82. sneakers from recycled waste plastic as well.
  83. The legal factor
  84. Is that over the years, Nike has been a number of legal battles in 1980s. Nike
  85. Nike has been taken to court for poor working conditions which fell to disclosure,
  86. has a legal battle with adidas for patterns in front infringements.
  87. And recently,
  88. Nike started a legal battle with Skechers for copying desired pattern.
  89. Nike as well. It's protecting its design patterns in court
  90. if pastel was the external factor of um, what, how the company can be influenced.
  91. What analyzing is the internal factor, um, which can influence the company.
  92. Uh, the factors can be strengths, weaknesses, opportunities and threats,
  93. evaluation of companies competitive position and
  94. helps in developing a strategy plan.
  95. The swat analyzing facilitate a realistic fact base
  96. data driven in image and helps company to avoid
  97. gray areas and instead focus on real life contest
  98. should be used as a guide, not a prescription.
  99. If we look at Nike, his trends are,
  100. this is the strong brand awareness and brand value.
  101. His brand value. It's
  102. estimated at $42.5 billion.
  103. It's easy to pronounce and unique and memorable as well.
  104. Huge customers base market cup is now at
  105. $232 billion lawyer customer who follow NYC's trends provide feedback,
  106. participate in NYC events as well
  107. and aim for sustainability.
  108. Move to zero night journey to move forward towards zero waste
  109. and zero carbon to help to protect the future of sport.
  110. Nike weakness are that his dependency on the us market.
  111. Still 39% of sales are coming from North America and Nike
  112. depends for substantial growth and sales in the United States,
  113. retailers have a stronger hold, 65% of Nike products are sold directly to well,
  114. sailors or retailers
  115. unsafe due to the consistently being target for poor working conditions.
  116. In the last 20 years.
  117. In our sport analyzes
  118. opportunities online company.
  119. Our innovative products,
  120. wearable technology that monitor activity is the first step in
  121. innovative technology products but in aspect of fashion industry that
  122. wasn't explored much emerging markets like India china and brazil
  123. are flourishing and are plenty opportunities for Nike to expand
  124. efficient integration.
  125. Independent manufacturers are the main supply and production of Nike products.
  126. Nike will require a few of these or make some of its own
  127. to be more efficient and organized supply chain.
  128. Nike company threats are counterfeit
  129. products can significantly affect the reputation and revenue of Nike
  130. the low prices products to use low quality material, but still using Nike logo.
  131. This can affect the image of the brand as customers might think. Nike
  132. started to use low quality materials,
  133. increased competitive pressure. Nike even if he does
  134. The athletic industry competition and new brands are still a threat to the company.
  135. Nike spent $3.5 billion dollars specifically on
  136. marketing and Nike saved bet is to produce
  137. innovative products according to athletes needs
  138. as per swat and pastel analyzes will notice that even if you are the best
  139. is still room enough for improvement at
  140. customer behavior changes very often and rapidly.
  141. Nike could improve the innovative products and to try more
  142. to sell those on a higher percentage on the international markets
  143. than us a market
  144. as well.
  145. Nike could use more the online marketing directly and not through the retailers,
  146. which will have a huge impact on increasing the profit
  147. overall.
  148. Nike is trying to improve all the time and
  149. to increase company's revenue on the international markets,
  150. on athletic and leisure footwear, fashion and equipment.
  151. Thank you.