How Nike started - WordPress.com
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Transcript of How Nike started - WordPress.com
About the Creator
❏ Birthday: Feb. 24, 1938 (80 yrs old)❏ Born in Portland, Or❏ Honor student in HS (Cleveland)❏ Graduated from U of O❏ Earned Business masters from Stanford❏ Wanted to be great
His “crazy idea”
❏ assigned research paper at Stanford❏ wrote about shoes ❏ Japanese cameras are making it big, maybe their shoes will too❏ Found info ❏ Kept thinking about going to Japan❏ Needed money and father’s approval
Oregon to Japan
❏ Visited Japanese shoe factory in Kobe
❏ Came up with company name on the spot
❏ Talked about his idea❏ Agreed to send Knight Tiger shoes
for him to sell
❏ Tiger shoes wasn’t known❏ No help❏ Sold out of the back of his car❏ Worked as an accountant to support
himself❏ Called former coach for help
Not easy at first
Confidential Customized for Lorem Ipsum LLC Version 1.0
People that helped
❏ Bowerman invents famous sole❏ 1965: able to get employee❏ Knight offered Jeff Johnson a job❏ Johnson joined as a salesperson
Bill Bowerman
Struggle continues
❏ Not much profit❏ Went back to Japan❏ Offered to extend contract to 3 yrs❏ Knight needed more time❏ needed venture capital to expand ❏ Had to ask friends and family for help
Nike is born
❏ Needed a new logo and name❏ Johnson came up with an idea in a dream❏ Nike became the name, after goddess of
victory❏ Adopted swoosh
Turning point
❏ Prefontaine sported the swoosh❏ Increase in sales❏ 1980’s was Nike’s turning point❏ Tennis players wearing Nikes❏ 10,000 pairs sold ❏ 1980- became publicly owned
Steve PrefontaineJohn McEnroe
❏ 1985- secured endorsement with Michael Jordan (rookie at the time)
❏ Air Max line became really popular❏ 1989- trademark slogan, Just do it,
introduced❏ By 1990, evolved into 3 billion
company
Rising up
09/02/15. "BILL BOWERMAN: NIKE’S ORIGINAL INNOVATOR." Nike, news.nike.com/news/bill-bowerman-nike-s-original-innovator.
“John McEnroe.” Esquire, 20 May 2015, www.esquire.com/style/mens-accessories/a35110/john-mcenroe-nike-air-trainer-1/.
“Just Do It.” Nike, news.nike.com/.
Lettieri, Enza. “Logo.” Shillington, 13 Aug. 2015, www.shillingtoneducation.com/blog/the-nike-logo-tbt/.
Light Bulb. www.iconfinder.com/icons/264195/brainstorming_business_idea_creativity_light_bulb_icon#size=128.
“Nike Cortez and Onitsuka Tiger Corsair.” The Olympians , 17 June 2017, theolympians.co/tag/blue-ribbon-sports/.
“Oregon Outline Rubber Stamp.” Stamptopia, www.stamptopia.com/products/oregon-outline-rubber-stamp.
“Prefontaine .” Nike, 1 June 2015, news.nike.com/news/40-years-of-prefontaine.
Retrieved May 20, 2018, from https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/profile/phil-knight/&refURL=https://www.google.com/&referrer=https://www.google.com/
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