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Nike Inc was ranked 204 in the 2002 Fortune 500 with over 9 billion in annual revenues The founders went from selling shoes from the back of a van to 10000 Nike stores all over the world That is a success story Each and every athlete has a different way of performing and Nike provides a variety of products make model and body style allowing athletes to perform to their fullest and best performance I strongly agree that the success of Nike is based on a business model that leverages factors and trends in the operating environment Nike was started when Phil Knight and Bill Bowerman met at the University of Oregon and had the vision to start a shoe company They first called it Blue Ribbon Sports At first they designed the shoe and a Japanese company called Tiger manufactured them In 1972 Blue Ribbon and Tiger have a dispute so Blue Ribbon decides to go on their own despite the huge risk Blue Ribbon launches the Nike campaign at the Olympics that year Track athlete Steve Prefontaine was the first major athlete to wear Nike shoes In 1978 tennis player John McEnroe signs with Nike This was a huge boost for Nike because in 1979 Nike is finally the number one shoe in America In 1985 basketball star Micheal Jordan signed with Nike This proved to be the biggest and most successful shoe signing probably ever The Air Jordan is launched and sky rockets to number one A campaign that started out as just shoes has now grown to all basketball apparel Why the Air Jordan was so successful was because it was something new It looked flashy it felt comfortable and if Michael Jordan could dunk in NBA well you could too That is why Nike is so successful They knew that if they could find the right person to sign with them they could and would be number one It
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