Essay on Financing the Enterprise: Nike

Essay on Financing the Enterprise: Nike

Length: 1342 words (3.8 double-spaced pages)

Rating: Term Papers

Open Document

Essay Preview

Introduction:
Financing and accounting is a major part of any business without proper financing it will kill your business having good accounting, is crucial to all businesses. Nike has financed their ideas from the beginning with almost nothing. Oregon natives Phil Knight and Bill Bowerman took an idea and five hundred dollars and an idea became the biggest shoemaker ever. They have athletic footwear, apparel, and accessories for a variety of sports and fitness activities. Nikes subsidiaries are Converse, which designs, markets, distributes athletic lifestyle footwear, apparel and accessories also Hurley International LLC, which designs, markets, and distribute surf and youth lifestyle footwear, and apparel. The accounting used then were just them two and this idea today they bring in enough cash flow to finance all of their ideas and internally they have their own accounting department that controls and takes care of their financials.
Nikes Financial Position:
There is only one way to describe Nikes financial position, that is strong and grew from a five hundred dollar idea to a billion dollar industry. Nike is known everywhere and its products are distributed worldwide, its geographies include North America, Western Europe, and Japan, NIKE expects to generate average annual growth at a high single digit rate for the four-year period from fiscal 2014. The Company expects North America and Western Europe to reach over $14 billion and $6 billion, respectively, by fiscal year 2017. In its developing geographies in Greater China, Central & Eastern Europe, and Emerging Markets, the Company stated it expects to grow at a low double-digit average annual growth rate. For the Company’s Emerging Markets geography, it expects to grow at ...


... middle of paper ...


... other opportunities in this area. NIKE Golf – play a significant role in Nikes future growth plans. As of Q1 FY14, Converse is reported as separate segment while Hurley and Nike Golf are included in the overall financial results for the NIKE Brand (Nike 2013)
Conclusion:
Nike is a major power structure in the global economy, a financial land marketing powerhouse. On every level, they practice diversity, they are socially responsible, and Nike gives back to those who are less fortunate. Nike seems to keep improving on every level of business there innovative and never seem to stop looking for new ideas to keep the consumer excited waiting to see what next. Financially Nike has come from nothing five hundred dollars and an idea. This is what America is made of entrepreneurial-minded individual, which believes in an idea and make it come true with just a few dollars.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Nike RT Management Arranges Financing Essay

- Nike RT management can arrange different sources of financing through internal or external sources or either long term or short term finance also. As a sporting goods company Nike that can give rise to financial sources of long-term or short-term through external sources. The needs of short-term financing from where they are less than once a year, but in the field of long-term energy needs longer time funding. And finance, can be short-term bases Nike RT bank use overdraft. The company needed to funds for the next five years, and therefore the source of short-term is not suitable....   [tags: shareholder, money, assets]

Term Papers
1275 words (3.6 pages)

Essay on Lack of Business Ethics at NIKE

- Materialistic things consume today’s society, whether it is cars, clothing, or jewelry, in a sense we rely on these objects for our happiness. Companies such as Nike, Gap, and Toms, have all had major success do to their loyal customers, who seek the name brand logo of their company. These companies have continued to grow tremendously, making billions of dollars; the companies strive to find ways to outsourcing its manufacturing, in hopes of making more and more profit. Profit is not the only thing that rises, many questions and investigations have occurred, exposing the poor ethical choices these businesses have made....   [tags: NIKE CSR]

Term Papers
1043 words (3 pages)

Small or Medium-Sized Enterprise (SME) Essay

- BACKGROUND Small or medium-sized enterprise (SME), of which definition varies in different countries and different economic development levels, normally is known as relatively small business unit in terms of employees, capital and operations scale in compared with large enterprises in the same industry. In spite of the diversity of its definition, SME plays a crucial role in almost every economy, tremendously contributes to economic development, job creation, and social stability. According to Popa (2012), it becomes a common place to speak of SMEs as an engine of economic growth for any European Union country....   [tags: financing, economy, development, investment]

Term Papers
1818 words (5.2 pages)

Nike 's Marketing Plan For Nike Essay

- Nike is multinational company that is occupied in the design, development, and manufacturing of worldwide and sales of footwear, apparel, accessories and service. Nike was originally founded as Blue Ribbon Sports in May 30, 1971 The name was converted over to Nike by Bill Bowerman and Phil Knight. This is a brand that has been around for a very long time. As years progress, Nike have expanded their business in other countries. Nike has 858 retail store locations worldwide. With most of those locations being in other countries, Nike had to develop a way to advertise to different countries in other languages....   [tags: Advertising, Marketing, Nike, Inc.]

Term Papers
1231 words (3.5 pages)

Nike 's Marketing Plan For Nike Essay

- Nike is a multinational company that is occupied in the design, development, and manufacturing of worldwide and sales of footwear, apparel, accessories and service. Nike was originally founded as Blue Ribbon Sports in May 30, 1971 The name was converted over to Nike by Bill Bowerman and Phil Knight. This is a brand that has been around for a very long time. As the years progress, Nike has expanded their business in other countries. Nike has 858 retail store locations worldwide. With most of those locations being in other countries, Nike had to develop a way to advertise to different countries in other languages....   [tags: Marketing, Advertising, Nike, Inc.]

Term Papers
1163 words (3.3 pages)

Analysis of Nike Corporation Essays

- Analysis of Nike Corporation Financial Analysis Description of Company History Nike Corporation has become one of the most competitive sports and fitness companies worldwide. Two runners, Bill Bowerman and Phil Knight, from a small town in Oregon embarked upon the business with a handshake agreement. The enterprise began in January of 1964 with the introduction of Blue Ribbon Sports. In 1966 the handshake between Bowerman and Knight was made official with a formal written partnership. While the company was still young there were others who were imperative participants in the growth of the corporation....   [tags: Business Analysis Nike Finance]

Term Papers
1741 words (5 pages)

Comparing Debt Financing and Equity Financing Essay

- There are two basic ways of financing for a business: Debt financing and equity financing. Debt financing is defined as 'borrowing money that is to be repaid over a period of time, usually with interest" (Financing Basics, 1). The lender does not gain any ownership in the business that is borrowing. Equity financing is described as "an exchange of money for a share of business ownership" (Financing Basics, 1). This form of financing allows the business to obtain funds without having to repay a specific amount of money at any particular time....   [tags: Financing Finances Accounting Marketing Essays]

Term Papers
1367 words (3.9 pages)

Nike's Plan for China Essay

- Nike's Plan for China Nike is already a global power house, however the potential to increase sales in China was the topic of the most recent annual investor meeting. One may question Nike’s preoccupation with China. After all, Nike China is dominant. They are currently the number one brand with the number one market share while competitors Reebok and Adidas are in 4th and 5th places respectively. They have tripled revenue in the last two years. With 2000 points of sale, 400 stores in the top three cities (Beijing, Shanghai, Guangzhou) and 50 cities with 3 or more stores, Nike is primed to begin pushing into the second tier cities....   [tags: Nike Sales Retail Business Marketing Essays]

Term Papers
934 words (2.7 pages)

Nike Report Essay

- Nike Inc. was founded in 1962 by Bill Bowerman and Phil Knight as a partnership under the name, Blue Ribbon Sports. Our modest goal then was to distribute low-cost, high-quality Japanese athletic shoes to American consumers in an attempt to break Germany's domination of the domestic industry. In 2000 Nike Inc. not only manufactured and distributed athletic shoes at every marketable price point to a global market, but over 40% of our sales came from athletic apparel, sports equipment, and subsidiary ventures....   [tags: Nike Athletic Brand Business]

Free Essays
962 words (2.7 pages)

Nike Essay

- Case Study: Nike, Inc. International Business and Trade Unit II (Prof. Sosland) Vera Tillmanns 1. Company Ethics: Nike Inc. in Cooperation with its suppliers Many global companies like Nike, Inc. are seen as role models both in the market place as well as in society in large. That is why they are expected to act responsibly in their dealings with humanity and the natural world. Nike benefits from the global sourcing opportunities, therefore areas such as production and logistics have been outsourced to partner companies in low-wage countries like China, Vietnam, Indonesia and Thailand....   [tags: Nike Sweat Shop Case Study Analysis Ethics]

Free Essays
1371 words (3.9 pages)