nike

A detailed Summary of nike


Nike is a huge supplier if athletic shoes for the world these days. Philip H. Knight, the founder of this corporation came up with an idea of an athletic shoe at the track field of the University of Oregon.

Now it has become a leader in the global economy. Nike has helped the economy by employing more than 500,000 people, worldwide. The company has contributed in finding a positive policy for minimum wage. Minimum wage laws usually don't help who they're originally set out to. Now with Nikes' minimum age requirements it helps those it was naturally set up for. The minimum age requirement also prevents teenagers from dropping out and taking on full time jobs at Nike.

Philip H. Knight knows people respond to incentives, principle 4 of economics. So he established loan programs, continuing education for employees and increased wages. These incentives are good for a company to give their employees. If the employees continue with


The University of Oregon is threatening to join the Workers Rights Consortium. Knight, a believer in the labors Fair Labor Associations against the University joining the WRC and plans to contribute nothing if they go ahead with it. Both parties need to weigh the opportunity costs of their decisions. The University of Oregon is looking at a 50 million dollar opportunity cost if they join the WRC. This is a huge extranality to the students of Oregon. To give up on receiving that kind of donation really hurts the students. If the University of Oregon and some other schools decide to join the WRC the impact could be one of hurting the economy. There will be less need for employees because the donations of athletic wear will decrease significantly. The equilibrium will change resulting in a revenue loss to the corporation and to the employees that will no longer be needed.

their education's and still decide to work for the comp

Some common words found in the essay are:
University Oregon, Philip Knight, Students University, Tommy Hilfiger, Nike Adidas, Associations University, Nike Nike, , university oregon, Consortium Knight, Nike Universities, join wrc, minimum age, minimum wage, students university, philip knight,

Approximate Word count = 635
Approximate Pages = 3 (250 words per page double spaced)

Category: Miscellaneous

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