Essay Thrift Shop

Submitted By Buckets24
Words: 399
Pages: 2

NIKE was created in 1972, by co-founder Bill Bowerman & his University of Oregon runner Phil Knight. Together, with the people they hired, the company was able to grow and expand from a U.S. based footwear distributor to a global marketer of athletic footwear, apparel & equipment that is unrivaled in the world today (www.nikeinc.com). Operations strategy is the development of a long term plan for using the major resources of the firm for a high degree of compatibility between these resources & the firm’s long term corporate strategy (Schroeder & Rungusanatham, 2011). On May 5, 2010 NIKE unveiled one of its strategies & key initiatives to achieve sustainable, long term growth across its global portfolio of brands & businesses (www.nikemedia.com) their plan consists of a revenue target of 27 billion by the end of 2015 and over 12 billion of free cash flow from operations through 2015. NIKE also uses an outsourcing strategy, where they have subcontractors scattered throughout the globe. The cross functional decisions associated with a company of this magnitude is enormous & would involve a multitude of people and departments. NIKE’s main cross functional decision making process involved that of Dennis Dwyer, Senior Manager Footwear Division; Vice President & CFO, Donald W. Blair; President, Mark G. Parker; Divisional V.P. & General Manager, Craig Zanon; V.P. of New Business Development, Clare L. Hamill; GM, Kirk Richardson and Director of Communications, Jack Gould (www.lifestagingblog.com).
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