A speech by billionaire, author of recent Shoe Dog, and founder of Nike, Phil Knight. In this speech Phil recounts his journey through business and life, from traveling to japan to buy Tiger athletic shoes, to finally creating his own shoe under his own brand, Nike. Phil also tells a story of Nikes battle against US Customs and how it succeeded.
0:38 Changes in 50 years
2:02 The rounding of the circle/ time at Stanford
3:26 Travelling around the world
4:40 Japan and Tiger athletic shoes
7:41 Starting the business part time
9:14 Going full time
10:21 Starting Nike
12:31 US Customs/ Fighting Washington
18:26 Going Public
19:08 Lessons learned
22:22 The only time you must not fail, is the last time you try
Interview Date: 14th June, 2014
Event: 89th Stanford Graduate School of Business diploma ceremony
Original Image Source: http://bit.ly/PKnightPic
n this candid and riveting memoir, for the first time ever, Nike founder and CEO Phil Knight shares the inside story of the company’s early days as an intrepid start-up and its evolution into one of the world’s most iconic, game-changing, and profitable brands.
In 1962, fresh out of business school, Phil Knight borrowed fifty dollars from his father and created a company with a simple mission: import high-quality, low-cost athletic shoes from Japan. Selling the shoes from the trunk of his lime-green Plymouth Valiant, Knight grossed $8,000 his first year. Today, Nike’s annual sales top $30 billion. In an age of start-ups, Nike is the ne plus ultra of all start-ups, and the swoosh has become a revolutionary, globe-spanning icon, one of the most ubiquitous and recognizable symbols in the world today.
But Knight, the man behind the swoosh, has always remained a mystery. Now, for the first time, in a memoir that is candid, humble, gutsy, and wry, he tells his story, beginning with his crossroads moment. At 24, after backpacking around the world, he decided to take the unconventional path to start his own business – a business that would be dynamic, different.
Knight details the many risks and daunting setbacks that stood between him and his dream – along with his early triumphs. Above all, he recalls the formative relationships with his first partners and employees, a ragtag group of misfits and seekers who became a tight-knit band of brothers. Together, harnessing the transcendent power of a shared mission and a deep belief in the spirit of sport, they built a brand that changed everything.