To install StudyMoose App tap and then “Add to Home Screen”
Save to my list
Remove from my list
In the realm of operational strategy, one exemplary model is embodied by the dynamic trajectory of the renowned Nike organization. Established in 1972 by co-founder Bill Bowerman and his University of Oregon protégé, Phil Knight, Nike has evolved from a U.S.-centric footwear distributor to an unparalleled global powerhouse in athletic footwear, apparel, and equipment.
At its core, operational strategy entails the formulation of a long-term plan to optimize a firm's major resources in alignment with its overarching corporate strategy (Schroeder & Rungusanatham, 2011).
Nike, on May 5, 2010, unveiled a comprehensive strategy and key initiatives designed to secure sustainable, long-term growth across its extensive portfolio of brands and businesses. This strategic blueprint outlined an ambitious revenue target of $27 billion by the close of 2015 and a remarkable goal of generating over $12 billion in free cash flow from operations during the same period.
Nike's operational prowess is evident in its adept use of an outsourcing strategy, leveraging subcontractors strategically positioned worldwide.
Verified writer
Proficient in: Nike
5 (876)
“ Have been using her for a while and please believe when I tell you, she never fail. Thanks Writer Lyla you are indeed awesome ”
The cross-functional decision-making processes required for a company of such magnitude involve a myriad of individuals and departments. Key figures in Nike's decision-making echelons include Dennis Dwyer, Senior Manager of the Footwear Division; Vice President and CFO, Donald W. Blair; President, Mark G. Parker; Divisional Vice President and General Manager, Craig Zanon; Vice President of New Business Development, Clare L. Hamill; General Manager, Kirk Richardson, and Director of Communications, Jack Gould.
Within the realm of supply chain strategy, two distinct approaches emerge: imitative and innovative (Schroeder & Rungusanatham, 2011). Imitative strategies involve the emulation of other companies, typically suitable for situations with predictable demand, efficiency, and a low-cost supply chain. On the other hand, innovative strategies set a company apart, introducing uniqueness even while incorporating elements of imitation. This approach is often conducive to unpredictable demand, flexibility, and a swift supply chain.
Nike's journey exemplifies the significance of a well-crafted operational strategy. From its humble beginnings, the company has strategically adapted to the dynamic landscape of the athletic apparel industry. By aligning its operational decisions with overarching corporate goals, Nike has not only achieved its revenue targets but has also emerged as a symbol of innovation, resilience, and global dominance.
In conclusion, Nike's operational strategy serves as a beacon in the realm of global business. Through meticulous planning, cross-functional collaboration, and astute supply chain strategies, Nike has navigated the intricate landscape of the athletic apparel industry. As we reflect on Nike's journey, it becomes evident that a well-defined operational strategy is not merely a plan but a dynamic force that propels an organization toward sustained growth and global prominence.
Strategic Operations at Nike: A Global Success Story. (2017, Jan 25). Retrieved from https://studymoose.com/operational-strategy-within-nike-organization-essay
👋 Hi! I’m your smart assistant Amy!
Don’t know where to start? Type your requirements and I’ll connect you to an academic expert within 3 minutes.
get help with your assignment
