Question
Discuss the finance, legal, and accounting departments of Nike specific duties in implementation of this strategy.... then using SMART format How are you going to
Discuss the finance, legal, and accounting departments of Nike specific duties in implementation of this strategy.... then using SMART format How are you going to monitor the strategy implementation? How will you know if it is working? What will you do if it does not work?
If instead of implementing Considered across their existing product lines, Nike instead could have diversified their offerings and created a Considered line, which would offer sustainably created shoes only, Nike could leverage economies of scale as they increased production, which would solve both sub-problems of eroded profit margins and supply chain issues. If Nike took a ground-up approach to their Considered initiatives and created a product line specifically based on sustainable sourcing, their costs would be determined before the product launch, allow Nike to set a price that was appropriate to maintain their expected profit margins. Additionally, materials for the separate Considered line would be sourced from vetted suppliers, ensuring that sustainability expectations were being met. Since these suppliers would have a purchase volume expectation from Nike, lower prices could be negotiated, rather than Nike attempting to renegotiate prices from existing, non-sustainable suppliers who do not have a guarantee that their investment into sustainable materials will be fulfilled by their sales to Nike.
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