Nike's Purpose Statement: Who are we? What do we do? (Essay Sample)
Most of us are aware of the term “purpose statement” but are unsure of its real meaning within an organization. It is a statement describing the organization’s purpose, or the reason for its existence. The purpose of an organization reflects a desired position in the marketplace. It should accurately answer to the questions below. The purpose statement is the written summary of those answers.
Who are we?
What do we do?
For whom do we do this?
How do we know when we are getting it done?
The purpose statement is the written summary of those answers. The most effective purpose statements are short, concise, and direct. A good purpose statement is between 2-3 sentences.
Review the purpose statement given to you by the interviewee and analyze the strength of the statement based on your findings from the interview. Submit your analysis to your instructor for review. Recommended length of analysis is 250-300 words.
Nike's Purpose Statement
Name
Institution of Affiliation
Instructor
Date
NIKE'S PURPOSE STATEMENT
As we were interviewing the manager of the Nike brand in our region, this was the purpose statement which he gave to us. It read like, “We will provide branded products and services of superior quality and value that improves the lives of the world's consumers, now and for the generation to come. As a result, consumers will reward with leadership sales, profit and value creation allowing our people, our shareholders and the communities in which we live and work to prosper†CITATION NIK16 \l 1033 (NIKE Company, 2016)
Nike is known to be one of the greatest producers in wear product. From Nike Company statistics, is can be clearly observed that they are attaining their set goals and achievements as they purport in their purpose statement. Their purpose statement is very key as it declares their determination in offering society with quality products and they achieve this. Their existence is motivated by their instinct that they need to provide products for the present society and for the society to come. Thus it is a clear indication that they are there to excel, and they will work innovatively to maintain their trust with the consumers.
It is clear from the statistics that the worldwide net income for the Nike company keeps increasing from year to year which justifies that their purpose statement is being achieved. Their products keep on changing depending on the demand of the society. Comparing the t...
Other Topics:
- Discuss Data Breach: Its Types, Vulnerabilities and ThreatsDescription: Data breach is an incident of security whereby confidential data, protected data, and sensitive data is stolen, used, viewed, or transmitted by individuals...4 pages/≈1100 words| 5 Sources | APA | Business & Marketing | Essay |
- Human Resource Management Case StudyDescription: Human Resource Management Case Study Business and Marketing Essay...2 pages/≈550 words| 2 Sources | APA | Business & Marketing | Essay |
- Corporate Life cycle and Strategic ImplementationDescription: Corporate Life cycle and Strategic Implementation Business and Marketing Essay...1 page/≈275 words| 3 Sources | APA | Business & Marketing | Essay |