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1978-tenis "Bad Boy" John McEnroe está firmado por Nikepara un contrato de endoso.
2004-Phil Knight se desplazará como CEO y Presidente deNike, pero continúa como Presidente
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2008-Nike vende su división de equipos de hockey NikeBauer y compra Umbro.
"To bring inspiration and innovation to every
athlete in the world"
5
To lead in corporate citizenship through
proactive programs that reflect caring for the
world family of Nike, our teammates, our
consumers, and those who provide services
to Nike.
6
To equip every athlete with products that
combine performance, quality, and fashion.
7
At Nike, we desire to deliver superior products to customers and athletes
that are both safe and dependable (1, 2 and 6). Our well trained
employees and experienced executives will ensure a competitive
advantage for our markets, growth for the company, and profits for our
shareholders (5). Our commitment to social responsibility and the
communities in which we operate will ensure business relationships and
alliances for the future and a perception of concern with our stakeholders
(6, 8). We will continue to utilize innovation and technology to provide our
employees with the best possible work environment while adapting to the
many changes in the global market (3, 4, 7, and 9).
1. Customers
2. Products or services
3. Markets
4. Technology.
5. Concern for survival, growth, and
profitability
6. Philosophy
7. Self-concept
8. Concern for public image
9. Concern for employees 8
9
High Performance
Low Performance
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NIKE ADIDAS PUMA
Weighted Weighted Weighted
Critical Success factors Weights Rating Score Rating Score Rating Score
0.0 to 1.0 1 to 4 1 to 4 1 to 4
Advertising 0.10 3 0.30 4 0.40 3 0.20
Product Quality 0.08 4 0.32 3 0.24 2 0.16
Price Competitiveness 0.08 2 0.16 3 0.24 1 0.08
Management 0.06 3 0.18 4 0.24 2 0.12
Financial Position 0.08 4 0.32 3 0.24 1 0.08
Customer Loyalty 0.05 3 0.15 2 0.10 1 0.05
Global Expansion 0.05 3 0.15 4 0.20 2 0.10
Market Share 0.08 4 0.32 2 0.16 1 0.08
Brand 0.09 4 0.36 3 0.27 1 0.09
Endorsement Deals 0.10 4 0.40 3 0.30 3 0.30
Portfolio Diversification 0.08 3 0.24 4 0.32 2 0.16
Product Placement 0.09 3 0.27 2 0.18 1 0.09
Research & Development 0.06 3 0.18 4 0.24 1 0.06
Totals 1.00 3.35 3.13 1.57
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1. Creating sportswear that would incorporate recycled
materials from their own production lines and other
places.
2. Promotion as a fashionable wear, not just sportswear.
3. Growing segment of the female athletes.
4. International expansion into emerging markets – e.g..
India
5. Additional marketing of existing products to appeal to
new demographic groups.
6. Develop new alliances with companies that are
respected regarding social responsibility.
7. Brand reorganization by market regions
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1. High competitive industry
2. Failure to respond to market trends in timely
manner could greatly affect financial position.
3. Production of counterfeit goods, and generic
products.
4. Negative public perception created by
environmental, child labor, contracted
manufacturing issues, and sponsored athletes.
5. International currency changes could decrease
profits.
6. Federal Trade regulations in dealing with foreign
manufactures.
13
External Opportunities
1. Creating sportswear that would incorporate recycled
materials from their own production lines and other places. 0.05 3 0.15
2. Promotion as a fashionable wear, not just sportswear. 0.06 2 0.12
3. Growing segment of the female athletes. 0.08 3 0.24
4. International expansion into emerging markets – e.g. India 0.12 4 0.48
5. Additional marketing of existing products to appeal to new
demographic groups. 0.07 2 0.14
6. Develop new alliances with companies that are respected
regarding social responsibility. 0.06 1 0.06
7. Brand reorganization by market regions 0.07 2 0.14
External Threats
1. High competitive industry 0.14 4 0.56
2. Failure to respond to market trends in timely manner could
greatly affect financial position. 0.09 4 0.36
3. Production of counterfeit goods, and generic products. 0.06 2 0.12
4. Negative public perception created by environmental, child
labor, contracted manufacturing issues, and sponsored athletes. 0.09 3 0.27
5. International currency changes could decrease profits. 0.06 2 0.12
6. Federal Trade regulations in dealing with foreign
manufactures. 0.05 2 0.27
Mark G. Parker
CEO and President
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Year Ended May 31
Other (income) expense, net (Notes 17 and 18) $ (88.50) $ 7.9 $ (0.9)
Basic earnings per common share (Note 12) $ 3.07 $ 3.80 $ 2.96
Diluted earnings per common share (Note 12) $ 3.03 $ 3.74 $ 2.93
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May 31,
2009 2008
(In millions)
ASSETS
Current assets:
Cash and equivalents $ 2,291.10 $ 2,133.90
Short-term investments $ 1,164.00 $ 642.20
Accounts receivable, net (Note 1) $ 2,883.90 $ 2,795.30
Inventories (Notes 1 and 2) $ 2,357.00 $ 2,438.40
Deferred income taxes (Note 9) $ 272.40 $ 227.20
Prepaid expenses and other current assets $ 765.60 $ 602.30
Total current assets $ 9,734.00 $ 8,839.30
Property, plant and equipment, net (Note 3) $ 1,957.70 $ 1,891.10
Identifiable intangible assets, net (Note 4) $ 467.40 $ 743.10
Goodwill (Note 4) $ 193.50 $ 448.80
Deferred income taxes and other assets (Notes 9 and 18) $ 897.00 $ 520.40
Total assets $ 13,249.60 $ 12,442.70
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt (Note 8) $ 32.00 $ 6.30
Notes payable (Note 7) $ 342.90 $ 177.70
Accounts payable (Note 7) $ 1,031.90 $ 1,287.60
Accrued liabilities (Notes 5 and 18) $ 1,783.90 $ 1,761.90
Income taxes payable (Note 9) $ 86.30 $ 88.00
Total current liabilities $ 3,277.00 $ 3,321.50
Long-term debt (Note 8) $ 437.20 $ 441.10
Deferred income taxes and other liabilities (Note 9) $ 842.00 $ 854.50
Commitments and contingencies (Notes 15 and 18) $ - $ -
Redeemable Preferred Stock (Note 10) $ 0.3 $ 0.3
Shareholders’ equity:
Common stock at stated value (Note 11):
Class A convertible — 95.3 and 96.8 shares outstanding $ 0.1 $ 0.1
Class B— 390.2 and 394.3 shares outstanding $ 2.7 $ 2.7
Capital in excess of stated value $ 2,871.40 $ 2,497.80
Accumulated other comprehensive income (Note 14) $ 367.50 $ 251.40
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Retained earnings $ 5,451.40 $ 5,073.30
Total shareholders’ equity 8693.1 7825.3
Liquidity Ratios
Current 2.97
Quick 2.25
Leverage Ratios
Debt to total assets 0.06
Debt to equity 0.09
Long-term debt to equity 0.05
Times-interest-earned ratio 61.06
Activity Ratios
Fixed Assets Turnover 9.8
Total Assets Turnover 1.45
Inventory Turnover 8.14
Profitability Ratios
Gross profit margin 0.45
Operating profit margin 0.13
Net profit margin 0.08
Return on assets 0.11
Return on equity 0.17
Price-earnings ratio 18.83
EPS 3.03
May-09 19.18 Bill 1.96 Bill 347.00 Mill 1.49 Bill 437.20 Mill
May-08 18.63 Bill 2.50 Bill 312.80 Mill 1.88 Bill 441.10 Mill
May-07 16.33 Bill 2.20 Bill 279.60 Mill 1.49 Bill 409.90 Mill
May-06 14.95 Bill 2.14 Bill 291.80 Mill 1.39 Bill 410.70 Mill
May-05 13.74 Bill 1.86 Bill 266.50 Mill 1.21 Bill 687.30 Mill
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1. Recognized brand name – ‘Swoosh’ is ubiquitous
2. Strong in research and development – innovative
product development
3. Strong marketing campaign - sponsors top
athletes. Marketing practices enables them to
expand the athletic market.
4. Diverse portfolio
5. Successful advertising campaigns.
6. Customer loyalty
7. Strong financial position
8. Strong international presence
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1. Products are highly priced
2. Revenues are still mostly dependent upon
footwear sales
3. History for violations of minimum wages, child
labor and over times in its manufacturing
countries.
4. Little control over quality of products from 3rd
party contractors
5. Anti-globalization groups
6. Price sensitivity of products
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Internal Strengths
ST Strategy WT Strategy
- S3, S9, T1, T2: Nike is well known for some of - W3, W5, T4, T5: Due to Nike`s history of low
the athletes that it endorses, as well as its labor wages to the thousands of factory workers,
international presence, which will help maintain a recession may spell the end of many jobs and
and attract customers even if there are high prices the production of many more important products.
and challenging economic times, as long as it Improving the working conditions and pay of its
remains at the forefront of market trends. factory workers is an ideal strategy to prevent
- S6, S7, T3: The quality of material throughout such circumstances.
Nike`s diversified portfolio, may be able to help
combat counterfeit goods and generic products.
Especially now that many consumers associate
cost with quality.
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Financial Strength rating is 1 (worst) to 6 (best) Ratings
1 Liquidity 6.0
2 Leverage 6.0 ES average -1.29
3 Working capital 6.0 CA average -1.43
4 Return on assets 4.0 IS average 5.29
5 Return on equity 4.0 FS average 5.29
6 Price per earnings 6.0
7 Earnings per share 5.0 X Coordinate 3.86
Industry Strength rating is 1 (worst) to 6 (best) FS Total 37.0 Y Coordinate 4.00
1 Profit potential 6.0
2 Extent Leveraged 5.0
3 Economies of scale 5.0 Strategy ->>>> Aggressive
4 Growth potential 5.0
5 Financial stability 6.0
6 Resource utilization 5.0
7 Diverse Portfolio 5.0
Environmental Stability rating is -1 (best) to -6 (worst) IS Total 37.0
1 Price range of competing products -2.0
2 Competitive pressure -2.0
3 Ease of exit from market -1.0
4 Successful and recognized advertising -1.0
5 Endorsement agreements -1.0
6 Price elasticity of demand -1.0
7 Risk involved in business -1.0
Competitive advantage rating is -1 (best) to -6 (worst) ES Total -9.0
1 Market share -1.0
2 Global presence -1.0
3 Strong investor reputation -1.0
4 Technological innovation -1.0
5 Product life cycle -2.0
6 Customer loyalty -1.0
7 Control over suppliers and distributors -3.0
CS total -10.0
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Rapid Market Growth
Quadrant II
Quadrant I
Weak
Competitive Strong
Market Competitive
Market
Quadrant III
(1) 35%
IGR 0
(2) 37%
-5
Cash Cow Dogs
-15
III IV
-20
-25
Low
Divisions Revenue % Revenue Profits % Profits RMSP IG Rate%
E
F Medium 2-2.99
Low 1-1.99
IFE
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Alternative Strategies IE SPACE GRAND BCG Count
Forward Integration x x x x 4
Backward Integration x x x x 4
Horizontal Integration x x x x 4
Market Penetration x x x x 4
Market Development x x x x 4
Product Development x x x x 4
Related Diversification x x 2
Unrelated Diversification x 1
Horizontal Diversification
Joint Venture
Retrenchment x 1
Divestiture x 1
Liquidation x 1
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Market Expansion Prod/Recycle/Materials Add. Sports Accessories
Key factors Weight AS TAS AS TAS AS TAS
External 1 to 4 1 to 4 1 to 4
Create products from recycled materials 0.1 3 0.3 2 0.2 4 0.4
Promotion as a fashionable wear, not just sportswear. 0.07 3 0.21 1 0.07 2 0.14
Growing segment of the female athletes 0.08 - - - - - -
International expansion into emerging markets - India 0.12 4 0.48 2 0.24 1 0.12
Add. marketing of existing prod - appeal to new groups 0.1 3 0.3 2 0.2 4 0.4
New alliances with co. respected for social responsibility 0.06 3 0.18 2 0.12 1 0.06
Brand reorganization by market regions 0.06 4 0.24 1 0.06 2 0.12
High competitive industry 0.08 4 0.32 3 0.24 2 0.16
Failure to respond to market trends in timely manner 0.06 - - - - - -
Negative public perception 0.06 - - - - - -
Federal Trade regulations with foreign manufactures 0.08 4 0.32 3 0.32 2 0.16
International currency changes could decrease profits 0.07 2 0.14 4 0.32 3 0.21
Production of counterfeit goods, and generic products 0.06 3 0.18 2 0.12 1 0.06
total should be 1.0 1
Internal 1 to 4 1 to 4 1 to 4
Recognized brand name – Swoosh is ubiquitous 0.1 4 0.4 3 0.3 2 0.2
Strong in research and development/innovation 0.09 4 0.36 2 0.18 3 0.27
Strong marketing campaign/sponsors top athletes 0.08 2 0.16 1 0.08 3 0.24
Diverse portfolio 0.09 1 0.09 3 0.27 2 0.18
Successful advertising campaigns 0.07 1 0.07 2 0.14 3 0.21
Customer loyalty 0.07 3 0.21 2 0.14 1 0.07
Strong financial position 0.08 2 0.16 3 0.24 4 0.32
Strong international presence 0.08 4 0.32 3 0.24 1 0.08
Products are highly priced 0.06 1 0.06 2 0.12 3 0.18
Revenues still mostly dependent upon footwear sales 0.05 3 0.15 2 0.1 1 0.05
Violations for wages and child labor in manuf. countries 0.06 - - - - - -
Little control over quality of prod. from 3rd party contract. 0.06 2 0.12 3 0.18 1 0.06
Anti-globalization groups 0.05 - - - - - -
Price sensitivity of products 0.06 3 0.18 2 0.12 1 0.06
total should be 1.0 1 0
4.95 4 31
3.75
Open a new Nike
Super store in
each of India’s
largest cities:
Mumbai, Delhi,
and Bangalore at
$5 million per
store.
Sign an endorsement
bat sponsorship deal
with Sachin Tendulkar, Invest $500 million in India that
India’s biggest cricket will increase revenue by 4.5% Invest $235 million in
star to a multi-year through product development, R&D and
contract. The terms manufacturing
include apparel, market development, and contracts over the
footwear, and his own market penetration in the next next 3 years.
name brand. The deal 3 years.
is worth $30 million
over 3 years.
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Year Ended May 31 Projected
2009 2010
(In millions, except per share data)
Forecasted 1.5%
Revenues $ 19,176.10 $ 19,463.74 revenue increase.
Based on 24%
Income taxes (Note 9) $ 469.80 $ 583.08 from 2009
Net income $ 1,486.70 $ 1,846.43
Basic earnings per common share (Note 12) $ 3.07 $ 3.20
Diluted earnings per common share (Note 12) $ 3.03 $ 3.16
Dividends declared per common share $ 0.98 $ 1.00
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Year Ended May 31, Projected
2009 2010
ASSETS
Current assets:
Cash and equivalents $ 2,291.10 $ 2,163.80 Minus $161.67 in investment.
Short-term investments $ 1,164.00 $ 1,164.00
Accounts receivable, net (Note 1) $ 2,883.90 $ 2,976.18 3.2% previous
Property, plant and equipment, net (Note 3) $ 1,957.70 $ 1,972.70 Plus $15 million for three new stores.
Identifiable intangible assets, net (Note 4) $ 467.40 $ 467.40
Goodwill (Note 4) $ 193.50 $ 95.00
Deferred income taxes and other assets (Notes 9 and 18) $ 897.00 $ 977.56
Total assets $ 13,249.60 $ 13,617.04
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt (Note 8) $ 32.00 $ 6.90
Notes payable (Note 7) $ 342.90 $ 375.00
Accounts payable (Note 7) $ 1,031.90 $ 1,051.50
Accrued liabilities (Notes 5 and 18) $ 1,783.90 $ 1,783.90
Income taxes payable (Note 9) $ 86.30 $ 90.00
Total current liabilities $ 3,277.00 $ 3,307.30
Long-term debt (Note 8) $ 437.20 $ 405.20 Less portion of $32.0
Deferred income taxes and other liabilities (Note 9) $ 842.00 $ 872.71
Commitments and contingencies (Notes 15 and 18) $ -
Redeemable Preferred Stock (Note 10) $ 0.30 $ 0.30
Shareholders’ equity:
Common stock at stated value (Note 11):
Class A convertible — 95.3 and 96.8 shares outstanding $ 0.10 $ 0.10
Class B— 390.2 and 394.3 shares outstanding $ 2.70 $ 2.70
Capital in excess of stated value $ 2,871.40 $ 2,995.40
Accumulated other comprehensive income (Note 14) $ 367.50 $ 367.50
Retained earnings $ 5,451.40 $ 5,665.83
Total shareholders’ equity $ 8,693.10 $ 9,031.53
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Total liabilities and shareholders’ equity $ 13,249.60 $ 13,617.04
2009 Projected 2010
Liquidity Ratios
Current 2.97 3.06
Quick 2.25 2.26
Leverage Ratios
Debt to total assets 0.06 0.06
Debt to equity 0.09 0.09
Long-term debt to equity 0.05 0.04
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• http://investors.nikeinc.com/Investors/Financial-Reports-and-Filings/Annual-Reports/default.aspx
• http://investors.nikeinc.com/Theme/Nike/files/doc_financials/AnnualReports/2009/docs/Nike_2009
_10-K.pdf
• http://investors.nikeinc.com/Theme/Nike/files/doc_financials/AnnualReports/2006/docs/10k.pdf
• http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=NKE:US&data
set=incomeStatement&period=A¤cy=native
• http://finance.yahoo.com/q/is?s=NKE+Income+Statement&annual
• http://www.nike.com/nikeos/p/nike/en_US/?&ref
• Datamonitor.com – UMFK library sites
• http://en.wikipedia.org/wiki/List_of_most_populous_cities_in_India
• www.yahoofinance.com
• https://materials.proxyvote.com/Approved/654106/20090724/AR_44240/HTML2/default.htm
• http://en.wikipedia.org/wiki/Nike_timeline
• http://nikeinc.com/pages/history-heritage
• http://investing.money.msn.com/investments/financial-statements?symbol=NKE
• http://www.nike.com/nikeos/p/nike/en_IN/store_locator
• Strategic Management Concepts and Cases 13th Edition. Fred R. David.
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