Nike’s Code of Conduct lays out the minimum standards we expect each factory or facility to meet. Our Code includes standards related to hiring practices, wages, freedom of association and health and safety.
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What is Nike’s ethical code?
NIKE’s good name and reputation result in large part from our collective actions. That means the work-related activities of every employee must reflect standards of honesty, loyalty, trustworthiness, fairness, concern for others and accountability.
What are Nike values?
Nike’s core values include “inspiration, innovation, every athlete in the world, authentic, connected, and distinctive.” These values define what Nike holds dear in its quest to become the best there is.
What is the main purpose of Nike?
“Our purpose is to unite the world through sport to create a healthy planet, active communities, and an equal playing field for all.” Here is our analysis of Nike’s purpose : Progress Sport.
What is Nike supplier responsibility?
Nike’s supply chain functions around three core organizational principles: outsourcing, to save costs; diversification, to minimize risk; and corporate social responsibility, to manage its impact on the world it works in.
What are the code of ethics?
A code of ethics is a set of principles and rules used by individuals and organizations to govern their decision-making process, as well as to distinguish right from wrong. They provide a general idea of the ethical standards of a business or organization.
What are the five codes of ethics?
What are the five codes of ethics?
- Integrity.
- Objectivity.
- Professional competence.
- Confidentiality.
- Professional behavior.
What makes Nike unique?
Nike quality and durability is a critical part of their strategy to be able to command high prices for their products. Their brand is associated with providing top-notch product for athletes that help them perform better.
Who is Nike owned by?
4 The co-founder of Nike, Phil Knight, and his son Travis Knight, along with the holding companies and trusts they control, own more than 97% of outstanding Class A shares. 5 This allows the Knight family to exercise effective control of Nike even though it is a publicly traded business.
How much is the Nike logo worth?
$26 billion
The Swoosh is the logo of American sportswear designer and retailer Nike. Today, it has become one of the most recognizable brand logos in the world, and the most valuable, having a worth of $26 billion alone.
Is Nike a god or goddess?
Nike, in ancient Greek religion, the goddess of victory, daughter of the giant Pallas and of the infernal River Styx.
Who is Nike’s target market?
Although with apparel and sports the market can be broad, for the most part Nike primarily targets consumers who are between the ages of 15-40. The company caters to both men and women athletes equally, and is placing an increasing focus on tweens and teens to build long-term brand loyalty.
What does Nike brand represent?
In Greek mythology, Nike is the Winged Goddess of Victory. The logo is derived from goddess’ wing,’swoosh’, which symbolises the sound of speed, movement, power and motivation.
Where does Nike get their supplies?
Nike gets most of its cotton from suppliers in China, India, Turkey, and the United state Of America.
How Nike sells its products?
Nike relies heavily on advertisements to promote their products, especially those featuring high-profile athletes and celebrities. Additionally, Nike makes use of sales promotion strategies like discount codes to entice potential customers to buy their products.
What factories does Nike use?
You can certainly find their manufacturing sites in countries like Vietnam, China, Japan, Indonesia, Thailand, and Italy. But China wins this competition with a total of 112 factories, and 156 THOUSAND workers (those are some huge factories right!).
What are the 7 codes of ethics?
Seven golden ethical principles
- Be an ethical leader.
- Use moral courage.
- Consider personal and professional reputation.
- Set the right tone at the top.
- Maintain an enquiring mindset.
- Consider the public interest.
- Consider ‘the right, the good and the virtuous’ actions”
Why is code of ethics important?
A code of ethics is important because it clearly lays out the rules for behavior and provides the groundwork for a preemptive warning. While a code of ethics is often not required, many firms and organizations choose to adopt one, which helps to identify and characterize a business to stakeholders.
What are the four codes of ethics?
The four Principles of Ethics form the underlying philosophical basis for the Code of Ethics and are reflected in the following areas: (I) responsibility to persons served professionally and to research participants, both human and animal; (II) responsibility for one’s professional competence; (III) responsibility to
What is code of professional ethics?
A code of professional ethics is a set of customs that outline an organisation’s mission and values. A page on an employee handbook will often list rules for behaviour to help employees conduct their business with honesty and integrity.
What is an example of code of conduct?
A code of conduct in practice can range from big picture ideals to specific rules. For example, a code of conduct can outline how employees should behave to reflect the organization’s wider mission, but it can also define fixed regulations related to internal practices such as dress code or break policy.