Strategy Implementation - NIKE Essay Example | Topics and Well Written Essays - 750 words

Strategy Implementation - NIKE - Essay ExampleFor a large capital company, these continued gains argon an amazing performance. This paper is a strategy implementation for Nike. (Nike Inc., 2012) While the statistics above shows strength in Nikes strategy, this ratio has several limitations. It does not account for the moneys time-value, in addition to the risk associated, with an enthronisation or stock (Harper, 2012). The ratio also overvalues investments as the equation overlooks long-term costs in favour of short-term savings. Finally, since they can be calculated using different criteria, these ratios have a problem with consistency. The account Turnover of a company, in accounting, is a measure of the frequency at which inventory is used or change in a set period, for example, a year (Ozyasar, 2012). The equation for its calculation involves dividing the cost of goods sold by average inventory. It is also referred to as stock disorder or inventory turns. For Nike, the inve ntory turnover has been dropping, although not drastically. These ratios show that while Nike does well with money collection, it has much slower in selling or using inventory in the past three years. (Nike Inc., 2012) This ratio has several limitations. ... Finally, low inventory levels could leave to lost sales. The inventory turnover ratio fails to tell the organization if it could have sold extra if it had high stocks. Nike intends to move its global organization into organizational learning and sustainable practices with an aim to increase sales (Balch, 2012). These strategies are also aimed at spreading the appreciation of sustainability through the entire organization, as well as introduce value to customers and business. In the 21st century, successful integration of corporate responsibility with the heart of the business is mandatory. Nike is adopting environmental efforts aimed at being part of its wider sustainability program. Nike is striving to minimize the negative impacts, which their processes have on the environment during the intersection life cycle from design all the way to manufacturing. They are also extending this to the products post-consumer use, as well as the products ultimate disposal. They have instituted a program called NEAT that strives to recycle manufacturing waste go forth over from shoes (Balch, 2012). The solid waste from Nike shoes, especially cured rubber used for the manufacture of soles, is today converted into new soles This is expected to create value addition to the consumer since they are environmentally friendly, which is now a major global issue. This builds on one of the companys core values doing things with a release as standing still is seen as dangerous while failure to take risks is seen as more(prenominal) dangerous. For Nike, collaboration is vital if they are to stay ahead with innovation (Balch, 2012). They are thus continually seeking insight from regular athletes and partners from inside and out side the industry, with an aim to improve