Nike has the following stakeholders, arranged according to the firm’s prioritization: Customers (top priority) Communities. Employees.
In this post
Do Nike have stakeholders?
NIKE engages with a broad range of stakeholders on an ongoing basis, including individuals in civil society organizations, industry and government, as well as consumers and shareholders.
How do Nike engage with stakeholders?
Nike’s commitment to the Global Compact is mentioned throughout its website, in select backgrounders and in its 2001 Corporate Responsibility Report. Nike also engages stakeholders directly through one-on-one meetings and other forms of collaboration. Nike held its first formal stakeholder forum in February 2004.
Nike’s Community Support Program. As part of their community outreach program, Nike spent more than $89 million in 2020 to help over 17 million kids around the world get active in sports and exercise. Nike also committed to training nearly 100,000 coaches to help communities most in need.
Are stakeholders?
A stakeholder is a party that has an interest in a company and can either affect or be affected by the business. The primary stakeholders in a typical corporation are its investors, employees, customers, and suppliers.
Who are Nike’s main stakeholders?
Nike has the following stakeholders, arranged according to the firm’s prioritization:
- Customers (top priority)
- Communities.
- Employees.
- Governments.
- Interest Groups.
What are external stakeholders?
External stakeholders include clients or customers, investors and shareholders, suppliers, government agencies and the wider community. They want the company to perform well for a multitude of reasons. Customers want to receive the best possible product or service.
Are suppliers internal stakeholders?
Internal stakeholders include employees, owners, shareholders, and managers. They are simply anyone within the organization. By contrast, external stakeholders include suppliers, governments, customers, trade unions, and creditors.
Who owns Nike now?
He is the co-founder and chairman emeritus of Nike, Inc., and was previously chairman and CEO of the company. As of July 23, 2020, Knight was ranked by Forbes as the 24th richest person in the world, with an estimated net worth of US$54.5 billion.
| Phil Knight | |
|---|---|
| Parent(s) | William W. Knight Lota Hatfield Knight |
Who are Nike’s suppliers?
Key Takeaways
- Nike is the largest seller of athletic apparel and footwear, generating nearly $37.5 billion in sales.
- Most of its products are sourced from China, Vietnam, Indonesia, and Thailand.
- Major suppliers include Pou Chen, PT Pan Brothers, Fulgent Sun International, Delta Galil, and Eagle Nice.
What is Nike’s Corporate Social Responsibility strategy?
Nike is focusing corporate responsibility efforts in the areas in which they can have the greatest impact and create the most value: Through the materials they design into products, through the process of making those materials and products, and in the world of sport where products are used.
Is Nike still using child labor?
Nike has admitted it cannot guarantee that its products will not be made using child labour in a report designed to address the accusations that have plagued the company.
What is Nike’s global impact?
Nike’s globalization is also affected by the local economy where their stores are located and develop resources from the area. It contributes to the economy with its fees and taxes and with a good economy, eradicating poverty is possible.
Who are the 5 main stakeholders in a business?
Types of Stakeholders
- #1 Customers. Stake: Product/service quality and value.
- #2 Employees. Stake: Employment income and safety.
- #3 Investors. Stake: Financial returns.
- #4 Suppliers and Vendors. Stake: Revenues and safety.
- #5 Communities. Stake: Health, safety, economic development.
- #6 Governments. Stake: Taxes and GDP.
Who are the main stakeholders in a business?
The 10 different types of stakeholders:
- Suppliers.
- Owners.
- Investors.
- Creditors.
- Communities.
- Trade unions.
- Employees.
- Government agencies.
What are stakeholders and examples?
A stakeholder can be a wide variety of people impacted or invested in the project. For example, a stakeholder can be the owner or even the shareholder. But stakeholders can also be employees, bondholders, customers, suppliers and vendors. A shareholder can be a stakeholder.
The top shareholders of Nike are Phil Knight, Mark Parker, Andrew Campion, Swoosh LLC, Vanguard Group Inc., and BlackRock Inc. (BLK). Below, we take a closer look at the top six shareholders of Nike. Note that Nike has two classes of stock.
Is Nike a black owned company?
Most majorly popular sneaker brands are not Black-owned, juggernaut sneaker companies like Converse, Nike, Adidas, and New Balance attract millions of Black customers worldwide but have non-Black founders.
What does Nike stand for?
the Greek goddess of victory
Definition of Nike
: the Greek goddess of victory.
How are stakeholders affected?
Stakeholders can affect or be affected by the organization’s actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources.
What are some examples of internal and external stakeholders?
Parties included. Internal stakeholders include the owners, managers, employees and investors of a company. External stakeholders comprise of the customers, competitors, suppliers, creditors, public and the government.