Once work tasks have been defined, they must be grouped together in some way through a process called Departmentalization. It is a current trend that groups individuals who are experts in various specialties and who work together to come up with new products or improve on existing ones. Another disadvantage is that these managers may feel isolated from other organizational areas because their expertise is needed most at their current area and do not leave their area much. 2.3. Nike’s Revolutionary Support Sports Bra (described by the magazine as “a piece of apparel worthy of the Title 9 generation”), the Considered 2K5 shoe (“Green doesn’t have to be ugly”) and Nike+ Air Zoom Moire (“as a reflection of an active digital lifestyle, this has no equal”) were selected. ( Log Out /  In addition to placing first in innovation in Apparel, Nike also topped the industry in social responsibility – up from third a year ago – as well as financial soundness and long-term investment. In 2016, the company still continues to work on this. To be effective, standards must be stated clearly and related logically to objectives. 31 in 2005. Innovest identified 100 Most Sustainable Companies in the globe and Nike made the list. philosophy. WORD COUNT: 3498 (excluding executive summary, references and relevant appendices) 7Ps 8 Nike executives considered the need to improve the effectiveness of the interviewing process by implementing a new computer-assisted interviewing process.   B. Will 5G Impact Our Cell Phone Plans (or Our Health?! objective?S.M.A.R.T. These individual applicants may be very talented, skilled, and perfect for these retail positions but were cut off the list by the computer-assisted interview responses. A highly qualified, talented pool of applicants may be ‘turned off’ by this machine-like approach to finding applicants by the company even if he or she does answer the questions correctl. Nike scored 100% on HRC’s Corporate Equality Index for workplace practices, National Congress of American Indians Leadership Awards – 2002, http://www.nikebiz.com/company_overview/images/NT5K_Logo.jpg, Nike 5K for Kids Recognized As Youth Program of the Year, On February 12, 2008, Running USA and YouthRunner.com named the Nike 5K for Kids Series the Youth Program Contributor of the Year. Our academic experts are ready and waiting to assist with any writing project you may have. In 2016, the company still continues to work on this. Nike Named for Apparel & Innovation on Fortune’s 2008 Most Admired Companies. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. For an exempt staff member… Not SMART “Create our 2008 strategic plan.” SMART “Create our 2008 strategic plan, obtain final approval from the Budget Committee, and discuss it with our department so individuals can begin setting their performance objectives by 8-29-07.” Not SMART “Improve project management skills.” The most common reason for this screening was that they were not available when needed or didn’t have any retail experience. Perceptions and Learning in Organizations Students gave us even higher marks ranking us #14 based on a survey of 44,000 undergraduates. Sela is responsive, which means it adapts to any screen, providing your visitors with a great browsing experience on any device. Nike Named to Fast Company’s “Fast 50” Most Innovative Companies List. Dr. Laura Pogue Nike earned the same ranking last year and rose from No. It is important for all managers to understand the objectives, policies, and practices used for selection. • Developing partners: These factories are located mostly in Thailand, Indonesia, and China. SWOT Analysis 5 It started with a handshake between two visionary Oregonians – Bower man and his University of Oregon runner Phil Knight. Another advantage is shortening the hire cycle. • Specific They manage five key elements to achieve an effective goal setting. Copyright © 2003 - 2020 - UKEssays is a trading name of All Answers Ltd, a company registered in England and Wales. (1). functions and management objectives, such as energy Another type of miss is when selecting a person who fails on the job. As said by Mark Parker, Nike’s President and CEO, “we see corporate responsibility as a catalyst for growth and innovation.” As stated, Nike’s goal is to create change. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Team Dynamics Despite healthy profits, the company became blind to changes in the market. They manage five key elements to achieve an effective goal setting. Nike’s management understands that the control function involves implementing methods that provide answers to three basic questions: (1) what are the planned and expected results? Marketing is a key element in the success of any business. • Attainable One of its qualities is embedded in Nike 's piece of the pie. 3.1 SMART objectives SMART objectives are a great tool to help the company keep the directions of its goals.