Question

Explain how Nike is a publicly trade company? in 300 words and in own words

Answer 1

Before proceeding to main question, we should first know what Publicly traded companies are. Publicly traded companies are those that have auctioned or sold their shares on a public stock exchange through the beginning of public offering to the common public. This authorizes any person to buy or sell proprietorship shares of the firm. In the year 1976, the firm hired John Brown and Partners who were based out of Seattle, as its initial advertising organization. That same year, the organization created the introductory advertisement of brand for Nike, called There is no finish line, in which any of the Nike product was not displayed. In year 1980, Nike had accomplished a 50% of market share in the United States athletic shoe market, and the company became public in December of that year. By the end of 1980 Nike, Inc. completed its initial public offering and became a publicly traded company. Nike became publicly traded company because of various strategies and marketing tactics like Nike utilized to rise up to the top of their industry. Nike's strategy to become the leader in their market comes from various factors like excellent marketing, Nike has established their Brand and Logo through extensive marketing investment. Nike converges more on selling the infatuated product. Nike welcomes latest technologies. Nike come up with a large new portion of articles to a huge section of Sports To gather larger market share. Nike pivots on articles quality and manufacturing products that helps athletes represent nicely. Nike thrives and excels because of existing competition. Nike stays ahead of their competitors in terms of technology & marketing. In a present day, Nike is persistent to go for latest and most innovative ideas to develop topmost quality athletic products and their designs, and innovative ways to communicate straightly with our customers.