Nike Mncs

In: Business and Management

Submitted By hgross10
Words 261
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Nike Inc.

Company Profile * Founded in 1964 as Blue Ribbon but became official Nike in 1971. * Founders are Phillip Knight and Bill Bowerman * Headquartered in Beaverton, Oregon * Slogan “Just Do It” * Owns Jordan, Air Force One, Converse, Hurley and more

Products * Sneakers, Shoes, Jerseys, Shorts, Cleats, * Air Jordan * Sparq Training * Fly wire and Lunar light foam to reduce sneaker weight

Controversy * Sweatshops in Cambodia, Mexico, and Vietnam. Nike was accused of violating wage and overtime laws. Nike has stated that more than two thirds of its factories are yet up to their companies standards. * Child Labor Allegations in Cambodia and Pakistan where Nike manufactures soccer balls. Since the accusations Nike has tried to fix the issue but they still manufacture in Pakistan and Cambodia and those countries are difficult to regulate child labor. * Strike in Chinese Factory over Nike duping workers out of 250 Yuan per month. It had been in practice for over 20 years but has now been rectified.

Environmental Issues * Nike ranks in the top 3 out of 56 companies when it comes to the least environmental impact. Nike is truly a pioneer when it comes to cleaning up the environment. Examples of this are the reuse a shoe program and recycled material used for soles.

Finances * Nike Inc. will buy back 8 billion dollars worth of Nike stock over the next 4 years. Since 2012 Nike has bought back 10 billions dollars worth of stock. * 44,000 employees globally * 25.3 Billion Revenue * Operating Income of 3.04 Billion * Company is worth an estimated 10.381…...

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