Nike - A Company Vision That is Hard to Beat

Few sports equipment manufacturers havemarketable due to the high profile of the brand
created more trends than Nike. Established inname. What sets Nike apart is the willingness to
1964 as Blue Ribbon Sports, this public tradedexpand into related markets quickly. A simple ad
Fortune 500 Company became Nike, Inc in 1978.in print media in 1977 was so successful Nike
The name is from the Greek goddess of victoryimmediately created a poster featuring the ad.
which is an apt trademark for a company thatFeaturing a runner alone on a country road with
has won over the sports public and professionalsthe tagline "There is no finish line", that simple ad
as Nike has.led to a new poster business for Nike.
By sponsoring high profile athletes and sportsIn recent years, Nike has become the sponsor
teams, Nike has made its "Just do it" slogan afor many of the world's top athletes and sports
term recognized by sports enthusiasts around theteams. With a clothing line as well as footwear
world. The simple Swoosh logo was introducedand all of the sports equipment and gear to go
with the first Nike running shoes in 1972 and iswith them, Nike is a leader in promoting athletic
used to this day. For Nike products, the name isn'twith sales in over 160 countries. Products are sold
necessary as the simple Swoosh clearly statesdirectly from the manufacturer but also through
"this is a Nike product".independent distributors, subsidiary companies and
The growth of this powerful company has beenlicense agreements.
due to the expansion into various sports in aThe favorable public view of Nike as a company
targeted and effective way. By marketing itsis promoted by contributing to local and regional
products under its own brand name and alsosports teams, local distributors who sponsor
marketing through subsidiary companies, theevents in the Nike brand name and the award
reach of Nike extends worldwide from its USwinning commercials the company has produced
base in Oregon.over the years. Though there have been
The marketing strategy used by Nike positionscomplaints about working conditions in some
the brand products as premium quality withproduction facilities that might harm the public
superior design. Though once associated with veryimage of other companies, Nike has been able to
affordable products, the focus in recent years hasaddress the complaints without suffering harm to
moved toward higher end pricing which istheir image.