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Advantage Of Nike

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Nike is a multinational corporation that specializes in developing designs, manufacturing and distribution of accessories, footwear and sport apparels. With its headquarters in Oregon, the company has invested in the business to become among the leading suppliers of shoes for athletes. Additionally, diversification in the production of sports apparel has made it to be one of the leading supplier sport equipment in the world. Accordingly, the company recorded an estimated US $ 24 billion in 2012 and it had more than 40, 000 employees in the same year. Currently, the business employs over 70, 000 in its scope of business and the number continues to increase with significant growth over the years. Since its inception in 1964, the company has made significant strides in the production of Nike brand, which is among the leading products in its portfolio (Droms and Jay, 3). Ideally, the company is lucrative in that it has competitive advantage in distinct markets, distributes its products through various chains in various regions and ventures into different businesses. Additionally, the company has prospects in …show more content…

Through its celebrity endorsements, the company has leverage against its competitors such as Adidas. While some of the companies in the industry sponsor games to expound brand recognition, it is noted that Nike concentrates on individuals that can enhance their prevalence in the market (Wilson, 42). Thus, there increase in valuable coverage as opposed to the other institutions. Additionally, the distinct designs and distribution strategy is effective in that many people feel the need to use the products in different frontiers. For instance, tennis, volleyball and football players have designs of the products that they can use in different stages. Due to the availability of varieties, the company has leverage in that it can trounce its

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