Shoe Dog: A Memoir by the Creator of NIKE
Shoe Dog is a term used in the footwear industry to describe individuals passionate about shoemaking. It is a roller coaster journey of one of the most extroverted and extravagant companies, Nike, which was shaped by its rather introverted founder, Phil Knight. True to his name, Knight built and guarded the company’s moat, ensuring that Nike raced to new heights of dominance.
The book starts with the founder, Phil Knight, running around his hometown and then the world in a quest to quench his existential crisis. He lies about a company when there is none, teams up with the legendary coach Mr. Bill Bowerman, which he couldn’t have dreamt of, distributes for Japanese juggernaut Onitsuka Tiger, competes with them when things go south, and amidst many such bumpy rides, Knight and his uniquely unusual team scrape and march forward to the top of the world. It is a hero’s journey and a journey worth reading and reflecting on.
At the heart of why Nike succeeded, while it seemed that it just sold shoes, there was something much more to it. Nike honoured great athletes and it honoured great athletics. That is the soul of Nike and that’s what has made it so timeless and iconic!
Following insights struck a chord with me:
Don’t put your eggs in one basket: Nike was overly dependent on Onitsuka Tiger as its supplier. It risked extinction when Onitsuka decided to terminate its contract and find a new distributor. Nike had to start from scratch by selling its own shoes.
Misfits or Mavericks? An inordinate amount of energy and focus are spent on hiring the “best.” While a degree is a great filter, it’s not the end of the world. At the same time, there is disdain for non-work-related eccentricities such as being too extravagant or too arrogant. The key is chemistry, not individual islands of excellence. Nike had a team that would have looked nondescript on paper but was solid in execution. The chemistry and roles of each member were impeccable. Jeff Johnson, the passionate problem solver; Del Hayes, the accounting genius; Rob Strasser, the king of negotiations; and Bob Woodell, paralyzed from the waist down but galvanized the company as the operations head. 1+1=11.
Perseverance: Nike could have folded many times. Banks were unwilling to sanction loans, Onitsuka terminated its deal, Bill Bowerman retired, and the list goes on. Yet Nike kept chugging along. Just by surviving, it found its breakout moments, like signing superstar Michael Jordan, and kept building on its success. Never complacent, never satisfied. In athletic terminology – never “retired.” That is the secret of its success.
Innovate or Die: The world is ruthless. One who adapts lives to see tomorrow. Nike lived by the adage that the best way to predict the future is to create it. As Shoe Dogs, they used to and continue to innovate on behalf of their customers. Whether it was the waffle trainers or Air Jordans, they were totally devoted to the craft of making better shoes.
What sets Shoe Dog apart is Knight’s unflinching honesty and desire to be victorious. He doesn’t cry over the hardships; instead, he delves into the financial struggles, legal battles, and personal sacrifices that marked Nike’s early years, seeking solutions all the time. This candidness makes the book incredibly relatable and inspiring, as it underscores the reality that even the most successful ventures are built on a foundation of perseverance and grit, having to fight tooth and nail for survival.
Phil Knight’s deeply moving memoir is a shining example of dreaming big and winning big no matter the odds. The cowards never started, the weak fell along the way; that leaves us. So, keep trying and keep fighting. The world needs many more Nikes and Knights in shining armour. Just do it!
Jainam Vora
September 2024