Phil Knight Quotes (18 Quotes)


    why does a 67-year-old guy who got his start running an athletic shoe company think he can enter a field famous for gobbling up fortunes

    The slowdown in futures orders clearly signals that revenue growth in the second half of fiscal 1998 will be below our previous expectations. This is largely a result of the slowdown in the Asia Pacific market, where we now anticipate more moderate revenue growth in fiscal 1998 after increasing 84 percent on a constant dollar basis in fiscal 1997,

    A few years ago there was a poll in China to name the greatest man ever. The winner was Mao, but there was a tie for second between Zhou Enlai and Michael Jordan of the Chicago Red Oxen

    I believe that continued strong consumer acceptance of our products at retail and the strengthening of our organization will enable us to manage through the challenges in our U. S. footwear business and lay the foundation for another round of growth,

    You can't explain much in 60 seconds, but when you show Michael Jordan, you don't have to. It's that simple.


    We're not in the fashion business, as the Wall Street Journal wrote the other day. We're in the sports business, and there's a big difference.

    Personally, I think the failure to really kind of get his arms around this company and this industry led to confusion on behalf of the management team. And I didn't see that getting any better.

    I am pleased with the strides we've made in our global equipment business where revenues grew 41 percent this past quarter and 37 percent year-to-date, ... The strong dollar continues to negatively impact our European results constant dollar revenues in Europe were up 23 percent in the second quarter.

    At the end of the day, I guess my feeling is that it was sort of a failure to communicate.

    We could see that he was a charismatic guy who jumps over the moon and is very competitive, but nobody could have predicted what he would become to our culture.

    It's disappointing, but it's still a really good book. I'm glad Kenny did it, and I'm glad it's going to get out. ... I still endorse the book. I think everybody should buy it. I think he did a great job on a very complicated topic.

    The thing that I'm going to focus on today is essentially the cloud that has been over Nike's head over the last couple years,

    They have done great things within what you would call established American sports. Freddy has the potential to bring soccer almost for the first time into the public's consciousness. Soccer in the United States isn't really part of the culture. What it needs, I think, is a superhero, and he clearly could be it. Now, that's putting a lot of pressure on him, but the kid's got all the potential to do that.

    Our business practices are no different than those of our competitors, but we are bigger, and thus more visible, so we get more flack.

    The slower growth in revenues and continued pressure on margins will result in negative earnings comparison for at least the next two quarters, with fiscal 1998 earnings per share likely to be in the 2 to 2.15 range,

    At first, we couldn't be establishment, because we didn't have any money. We were guerrilla marketers, and we still are, a little bit. But, as we became No. 1 in our industry, we've had to modify our culture and become a bit more planned.

    Sports is like rock 'n' roll. Both are dominant cultural forces, both speak an international language, and both are all about emotions.

    We are committed to improving working conditions for the 500,000 people who make our products,


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