A001426205 Bellamy Charles STMK
Masters of Business Administration
(not applicable for Distance Learning students)
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From the humble beginnings of car boot sales in 1964 under the company name Blue Ribbon Sports, to the high-tech 25 billion dollar enterprise Nike is today (Interbrand 2013) . Phil Knight and co-founder Bill Bowerman have offered technologically superior and stylish sport-orientated lifestyle apparel, accessories and equipment to the greater community. Interbrand charting Nike as the best of the sports-based companies, ranked 24th ‘Best Global Brands’ 2013, with increasing revenue across all categories’ and regions’ including various labels under Nike – Nike Golf, Nike+, Nike Pro, Nike SB (Skateboarding), Air Jordan, and Team Starter, with subsidiaries Cole Haan, Umbro (since 2007), Converse, and Hurley International – up 16% from the previous year (Persona 2009; Interbrand 2013).
In 1971, Nike was established branding a company named after the Greek goddess of victory Nike following an epiphany by Jeff Johnson and incorporating Carolyn Davidson’s graphic design logo commonly known as the ‘Swoosh’. Nike entered the market under a new name, logo, and design innovation that was set to revolutionise their inherent market with their still current strategic formula – technology and