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Then Mr. Knight spent just $ 35 Ask a student designed a Nike logo, the famous hook symbol is now worth more than 10 billion US dollars. 40 years of development, Nike has become a business legend, its success is well known, it is the virtual production business model, Nike with excellent product design and excellent marketing practices to control the market, but will outsource prod air jordan 11 space jam for sale uction processes. Many companies are imitating Nike's virtual production, but very few winners. Why? It should be said, is not a virtual production what puzzling mystery, but because everyone knows that the production processes in the "smile curve" of most low-end profits thinnest, want to curve toward the high-end development, design and marketing itself a very particular creative field, we want to remain a competitive advantage, companies must maintain a sustained, outstanding ability to innovate. Behind Nike's virtual production, it is respected by the two founders of the innovative spirit. The story is well-known:? Mr. Bill Bowerman inspiration from his wife's waffles pan, and ultimately design a new sports shoe soles. Today, Nike's product design office is still called the "Innovation Kitchen" (Innovation Kitchen). Innovation Kitchen to most of the visiting guests, even the most Nike employees are restricted, company with a tone of banter in the nameplate on the door, wrote: "Kitchen powerhouse, No Admittance." In this work center with sports shoes as a think-tank, the designers find inspiration from all areas, from the Irish-style building, the arc line on Stradivari violin family made, all-encompassing . On the walls of the office shows the company has made Nike Jordan basketball shoes, each pair, while in the workplace is filled with new sports shoe design drawings. more profound innovation comes from is known as the father of Nike's Phil? Knight, a recognized master of marketing. An American sports industry consultant, said with emotion: Mr. Knight can be said to have the power, creating a new industry. He makes athletes to become a star, rich, is he makes sportswear fashion merchandise, is he makes a small business into an international big companies. Nike is the first celebrity to take a firm reputation that way, back in 1973, he hired long-distance athlete Steve? Puri square Ting endor jordans on sale mens sement of its sports shoes. 1985 Jordan hired as a spokesperson, but Nike fame, performance long red. And Nike is also the first to pop music and sports marketing firms combined, in 1987 it is the first to take the Beatles music in the Nike sports shoes in the ad, it caused a sensation. change marketing organization In the past few years, Nike greatly expand the product line, and added a new brand. Nike's main commodity original basketball shoes, mainly in recent years, the introduction of golf supplies series, and Tiger Woods as a spokesperson, while strengthening the promotion of soccer shoes to meet the football population increase. Soccer Sporting Goods Series is currently the turnover has been as high as $ 1 billion, a 25% share of the global market, as much as 35% of the market share in Europe. Nike has acquired advanced casual shoes brand COLEHAAN, hockey brand BAUER, first name brand sports shoes CONVERSE and slippery board brand HURLY, and let alone the brand-name business, and achieved good results. Nike's success in sports marketing is unquestionable, but Nike marketing has never stopped questioning. Nike also had to have a few comments to consider: First, with the expansion of the brand, Nike brand is no longer "cool"; the second is spending billions of dollars at every turn Nike style in marketing, exposed the vulnerability of marketing management; Third, Nike in emerging markets, marketing localization is not enough, the marketing is not ideal. June according to the latest financial report, the annual revenues of Nike's reached $ 16.3 billion, up 9%, net income of $ 1.5 billion, an increase of 7%, earnings per share reached 2.93 US dollars, up 11 percent, this is a record result. But the public company as a publicly traded stock, the growth is always pressure, Wall Street only concerned about your future growth come from. ? Nike's chairman and chief executive Mike Parker (Mark Parker jordan 3 katrina 2018 ) confident: Nike is now facing unprecedented opportunities for development, we have the insight on consumer products into advantage the unique ability, which is becoming Nike important causes of global industry leaders. Parker's confidence comes from Nike's marketing organizational change. Nike brand president Charlie Denson announced that Nike will be marketing organization and management changes to strengthen the Nike brand and the emerging markets, core products, and consumer market segments contact. The implementation of this change, so that the Nike brand innovation as the support from a product-driven business model, and gradually transformed into the form of a consumer-focused organization, through the key market segments worldwide category management, cost-effective rapid growth. Charlie Denson believe that this is a consumer era in power, any company must shift to consumer-centric. This consumer-centric model has begun to play a role, such as in the Nike store now has Nike + iPod sales mix to meet the fashion-conscious young consumers. To this end, Nike strengthen the four regional operations center, newly established five core products operations center. Four regional operations centers are: the United States, Europe, Asia-Pacific, Middle East and Africa. Five core product operations centers are: running sports, football, basketball, men's training, women health. This is a matrix-style management, the goal is to enterprise resources to critical areas, the core product focus, to seize the largest market business opportunities. Different from traditional matrix management, the key is to realize cross-regional, cross-sector collaboration. In fact, Nike has experienced success, it is the use of this synergistic matrix management approach, Nike set up a special team, soccer equipment company will market turnover expanded from $ 40 million in 1994 to today of more than 10 billion dollars. Charlie Cheap air jordans for sale Denson said: In this way, we can better serve the athletes, better deepen ties with consumers to better expand our market share and achieve profitable growth, enhance our global competitiveness. For example, China's basketball market, to develop synergies by the Asia Pacific operations center and global basketball operations center.With the new season approaching, the players will continue to receive sports manufacturers for its new personal signature shoes, Jordan's Brand Paul launched the ninth generation of Jordan CP3.9 on the first release of a spy. 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