Imagine if we worked on improving sales instead of laying people off to improve profits. Just imagine having leadership that would take that approach.
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Imagine being so thoughtless that you’d think improving sales will fix the issue. P-o p-o thinking such as this is part of the problem.
Maybe focus some on being efficient. Make cool stuff, great, but doesn’t mean Nike can’t be at least average at basic logistics functions like shipping & billing data, picking orders, maintaining accurate inventory, taking in an order without losing it, etc. Is a lot of saving to be had just being average at things other consumer goods companies do way better than Nike. Maybe there wouldn’t be such a bullwhip effect as the market swings if basic order-to-cash processes were at least minimally competent. The ‘throw people at it approach’ clearly doesn’t work, maybe it’s time to actually be better at the basics. Losing millions every quarter in compliance charges, times two with the cost of handling them - seems like going after $ being wasted should be a priority. It’s not. Nobody is accountable.
@xug+1qgRUWem Interesting. I was reading the comment section on Linkedin in response to recent news of Nike layoff. A lot of business analysts commented about how layoff would be atemporary fix to mask reduced sale and that Nike lost its sale because they collected products from retail stores and pushed for online shopping. Not every one is a fan of buying a shoe online! Also there were comments about how customers are hesitant to buy Nike shoes online because size varies by Nike models. Which I can confirm! I have heard it from a few colleagues as well they are hesitant to but from Van online as sizes seem to be different across Nike models.
Well reducing points of distribution was really smart strategy. Sales went down. It turns out customers won’t go to another store to buy Nike but buy what is on the shelf. Who would have thought?
Yeah it's a bit ironic when, "Always do the right thing" is plastered everywhere, and as an employee you can literally expect every 2/3 years, a whole new approach to doing business, your job being wiped, or a new manager put in charge of your team that has no business being there.
Just give next years Maxim Awards to the people at Bain. (or whoever the consultants are) since you only really care about they tell you is the "Right thing"