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Masters of Scale

Nike’s Phil Knight: How to sell without selling

Masters of Scale

WaitWhat

Diversity & Inclusion, Jeff Berman, Bob Safian, Startups, Business, Management, Entrepreneurship, Mindset, Reid Hoffman

4.64.4K Ratings

🗓️ 10 November 2020

⏱️ 40 minutes

🧾️ Download transcript

Summary

Great branding is about identity – and it’s about matchmaking too. No one knows this better than the legendary co-founder of Nike, Phil Knight. When he and his partner, Hall of Fame track coach Bill Bowerman, started the sneaker company, they never tried to force-feed customers a product just to drive up the bottom line. They focused on one thing: making an excellent product for people who believed in the edgy Nike ethos. Because they knew, when there’s a mismatch between product and market, the bottom usually drops out. Instead, they told the world who the are, and then did everything they could to find their ideal customers. And made history. Cameo appearance: Eddy Lu (GOAT).

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Transcript

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0:00.0

Hi, it's Bob Safian. You've been hearing me as the host of rapid response in this feed for a few years now,

0:07.8

with short newsy interviews alongside the deeper dives of Masters of Scale. Well, I'm excited to share that rapid response is expanding into its own feed.

0:17.0

We'll be putting out shows twice a week, focusing on the urgent issues that business leaders are dealing with in real time.

0:24.7

So search for rapid response in your podcast player and subscribe to make sure you get all our episodes.

0:31.2

I'll see you on the other side.

0:33.0

Hi listeners, it's Reed.

0:35.0

As we head into the busiest retail season of the year,

0:39.0

entrepreneurs and business leaders

0:40.0

are thinking about how to market their brand

0:42.0

and sprint ahead of the competition.

0:44.0

That's why we're re-erring our episode with Nike's co-founder, Phil Knight.

0:49.0

It covers Phil's astounding scale journey from handcrafting running shoes with Hall of

0:54.6

of Fame track coach Bill Bowerman to Nike becoming one of the most recognizable brands

0:58.9

in the world. Along the way there are lessons on how to sell without selling and how to tap into your

1:06.5

customer's sense of identity.

1:08.8

I hope you enjoy it.

1:11.8

I grew up in the 80s and that was when Michael Jordan was in his prime.

1:17.0

All the commercials and the visual imagery of Michael Jordan dunking,

1:27.0

shattering backboards and criss-crossing over people.

1:35.0

That was my impression, of course.

1:38.0

What shoes was he wearing, he was wearing his Jordans

1:40.0

and, you know, his Nike's.

...

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