
I have chosen the American multinational corporation Nike as the Fortune 500 company I will be doing my final project on. I am choosing Nike because it is a brand I am very familiar with and am interested in learning more about the company. Nike is famous for creating high performance athletic gear designed for sporting play. Nike is an industry leader in the market and have set the standard for athletic clothing and shoe apparel. Founded in 1964 out of Portland, Oregon and originally known as Blue Ribbon Sports, Nike has turned into a company valued at over $30 billion dollars. Nike is one of the world’s most recognized brands thanks to the iconic check mark (swoosh), along with countless high profile athletes repping the brand. When a customer purchases a Nike product, the expectation is to receive a high quality, long lasting, good looking product that feels even better to wear.
The new product I am suggesting for Nike to launch is shoes that gives the wearer the ability to fly! Marketing research has shown that people want more than anything, the ability to fly. These shoes will literally fly off the shelves the moment they become available for purchase. This product needs to be developed in a product-oriented factory so that there are no miscalculations or mistakes. The scientific method must be taken very seriously when developing this product because a poor final result would be disastrous. However, if this product can be successfully made, I believe that very little advertising and promotion will be required for these shoes because word of mouth will provide more than enough exposure for this outstanding product. This product should probably be only available to people over the age of 18 due to the risk of crashing involved. The world has been waiting for shoes that give the user the ability to fly and I think this product would be a huge hit and successful product for Nike.