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Nike CEO Cites Remote Work for Innovation Slowdown and Embraces Wholesale Retailers

Nike CEO John Donahoe attributed the company's innovation slowdown to remote work, stating that it's challenging to develop disruptive products while working from home. He highlighted the impact of factory closures in Vietnam and emphasized the difficulty of creating bold innovations over Zoom. Donahoe reassured that Nike's innovation pipeline is now stronger, with plans for new product releases and compelling storytelling. Despite criticism and market share loss to competitors like On Running and Hoka, Donahoe affirmed Nike's leadership in running and commitment to driving innovation in the industry.

1 year ago•Source: CNBC

"Imagination: The Key to Innovative Breakthroughs"

businessinnovation

1.735 min•1 year ago

"Imagination: The Key to Innovative Breakthroughs"

As companies face challenges in finding growth through traditional means, the authors present a six-step cycle for fostering creative thinking and driving innovation, emphasizing the importance of imaginative products and offerings in expanding demand. Their analysis of over 2,000 large companies reveals that sales growth plays a significant role in long-term value creation, with the majority of total shareholder return attributed to it over both five and ten-year periods.

via HBR.org Daily

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Nike CEO Cites Remote Work for Innovation Slowdown and Embraces Wholesale Retailers

"Imagination: The Key to Innovative Breakthroughs"

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