ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -He is also the owner of the stop motion film production company Laika. Knight is a graduate of the University of Oregon and the Stanford Graduate School of Business. He was in track and field club under coach Bill Bowerman at the University of Oregon, with whom he would co-found Nike.

Detailed explanation-2: -Knight ran track at the University of Oregon and created Nike shoes with his former track coach, Bill Bowerman. In 1964, they each put up $500 to start what would become Nike, then called Blue Ribbon Sports.

Detailed explanation-3: -After he graduated from college, he sought the advice of his track and field coach at Oregon, Bill Bowerman. Knight knew that Bowerman would have valuable advice when it came to building a sneaker that perfectly met the needs of a runner. Knight and Bowerman worked so well together that they decided to become partners.

Detailed explanation-4: -In 1958, Phil Knight, a business major at the University of Oregon and a miler on the track team, shared with his coach, Bill Bowerman, a dissatisfaction with the clumsiness of American running shoes. They formed a company in 1964 to market a lighter and more comfortable shoe designed by Bowerman.

Detailed explanation-5: -As the company struggled to grow, Knight worked as a certified public accountant and taught at Portland State University. Over the next few years BRS retail stores opened in Santa Monica, California, and Eugene, Oregon, and the company began to assemble employees who would later take on key roles at Nike.