1. Shoe Dog: A Memoir by the Creator of
Nike by Phil Knight
- What
surprised me most:
I was surprised the level to which Knight
became a pioneer in the shoe industry before Nike was even created, as he was
the most forward-thinking on importing Japanese shoes and trying to disturb the
market by offering a low-cost similar performance alternative to German-based
Adidas and Puma.
- What
about Phil Knight did I most admire:
I most admired Phil Knight’s commitment
and loyalty to his connection to sports throughout his entire journey. When
things were hard, he believed in the process and never wavered and when he was
on top of the sports world, he kept the same attitude and aimed higher.
- What
about Phil Knight did I least admire:
The only off-putting part of the book was
his reflection about the first employees he hired. When explaining these
people, he arrogantly explains how it’s hard to believe they made it as far as
they did, and in a certain way credits himself completely. While he deserves a
lot of credit, the way he explained it was harsh.
- Did
Knight encounter adversity? If so, what did he do about it?:
At the beginning of Knight’s shoe-selling
career as Blue Ribbon Sports, he routinely would be short on company funds and
would beg for lines of credit to continue importing Japanese athletic shoes. He
also encountered bumps in the road with his partners and shoe supplier in
Japan, so he decided to go out on his own and create Nike.
2. Competencies he exhibited:
Knight,
a former college track athlete at the University of Oregon, was able to view
athletic shoes through the lens of athletes, and even took it upon himself to
test out any new shoe materials and potential tweaks or improvements as the
best way to know if the performance for the athletes was increased. He used
this vision throughout the growth of Nike, and credits this viewpoint with the
strides in athletic ware and their branding with athletes such as Michael
Jordan.
3. One part of the reading that was
confusing to me:
Although
I understood the section after I re-read it a couple of times, the section
connecting Knight’s business paper at Stanford about Japanese cameras invading
the German-controlled market and the idea to then do the same with athletic
shoes, which then lead to the leasing Onitsuka-made Tiger shoes was confusing
at first. I wondered the motivation behind such actions and why those
connections between shoes and cameras were made, but I know understand.
4. If I was able to ask two questions
what would I ask and why:
I
would love to ask Phil Knight two questions:
1. Even
as large as Nike is today, in what areas does he see potential growth for to
crossover into different revenue streams?
2. What
modern coach would he compare to his track coach at the University of Oregon, Bill
Bowerman?
After
reading Shoe Dog, I believe that the
entrepreneurial spirit runs deep within Phil Knight and that was the fuel that
drove him to make Nike and the swoosh a multi-billion dollar megacorporation
and recognized across the globe. Therefore, although he is now separate from
Nike in an official capacity, I believe he has ideas of potential growth that
cross beyond their current standings, whether it be media or completely running
sporting events. In the book, Bowerman stands as an inspirational statue of
what made Phil Knight realize proper ways of managing his employees, both with
tough love and total freedom within decision making. As a sports fan myself, I
wonder who he would compare Bowerman to in the modern landscape of coaches (Coach
K/Belichick…etc).
5. What is Knight’s opinion of hard work
and do I agree with it:
Knight’s
opinion of hard work is connected with his fascination of doing what you care
about. When someone is completely committed to an idea or thought, they become
a portion of that idea’s success, and the motivation to continue developing and
grow becomes addicting. Hard work, in the view of Knight, is well worth the due
diligence when the work pays off with happiness and a certain level of success.
As a premise, I would argue that success can be merely financial to some, as it
all depends the way one views achievement. However, I could not agree more with
Knight’s view of hard work, and in a similar way try to live my life in a
similar manner.
I liked the aspect of the Phil Knight story that explained how true of an entrepreneur he really was. He was an athlete that discovered an opportunity for a higher quality shoe, simple as that. I agree with you that Phil Knight's care and fascination with running allowed him to be so successful. It is much easier to find success when you are passionate about what you are doing.
ReplyDeleteHi Andrew,
ReplyDeleteReading these stories about famous entrepreneurs and people who are famous who struggle at some point in their life really puts my life in perspective and gives me motivation to keep pushing. Especially now in college, there are times when it can get hard, but thinking of past people who have kept pushing and kept motivated and have turned out successful, has been a great motivation tool. I also agree with you, that I liked Knights opinion on hard work, that once you find something you are passionate about, it makes the "hard work" go away.