LEADERSHIP LIBRARY

Shoe Dog.png

Shoe Dog

Phil Knight

 

IN BRIEF

In this memoir, Phil Knight recounts the founding and growth of Nike until its IPO.

Quotables

 

“So that morning in 1962 I told myself: Let everyone else call your idea crazy . . . just keep going. Don’t stop. Don’t even think about stopping until you get there, and don’t give much thought to where “there” is. Whatever comes, just don’t stop.” (p. 6)

“Life is growth,” I said. “Business is growth. You grow or you die.” (p. 77)

“Bowerman was forever griping that people make the mistake of thinking only elite Olympians are athletes. But everyone’s an athlete, he said. If you have a body, you’re an athlete.” (p. 88)

“War is the most extreme of conditions. But business has its warlike parallels. Someone somewhere once said that business is war without bullets, and I tended to agree.” (p. 90)

“Heck, it was the sixties, I’d have had a beard down to my chin. But I was constantly needing to go to the bank and ask for money. I couldn’t look like a bum when I presented myself to Wallace. A clean shave was one of my few concessions to The Man.” (p. 149)

“If 1967 had been the Summer of Love, 1970 was the Summer of Liquidity, and I had none. I spent most of every day thinking about liquidity, talking about liquidity, looking to the heavens and pleading for liquidity. My kingdom for liquidity. An even more loathsome word than ‘equity.’” (p. 160)

“Yes, I thought. Confidence. More than equity, more than liquidity, that’s what a man needs.” (p. 164)

“Another person would have quit right then. But Bowerman’s brain also didn’t have a releasing agent.” (p. 196)

“Sometimes I thought the secret to Pre’s appeal was his passion. He didn’t care if he died crossing the finish line, so long as he crossed first. No matter what Bowerman told him, no matter what his body told him, Pre refused to slow down, ease off. He pushed himself to the brink and beyond.” (p. 210)

“No brilliant idea was ever born in a conference room,” he assured the Dane. “But a lot of silly ideas have died there,” said Stahr. —F. Scott Fitzgerald, The Last Tycoon (p. 276)

“JOHNSON COINED THE phrase, we think. At one of our earliest retreats he muttered: “How many multimillion-dollar companies can you yell out, ‘Hey, Buttface,’ and the entire management team turns around?” It got a laugh. And then it stuck. And then it became a key part of our vernacular. Buttface referred to both the retreat and the retreaters, and it not only captured the informal mood of those retreats, where no idea was too sacred to be mocked, and no person was too important to be ridiculed, it also summed up the company spirit, mission and ethos.” (p. 297)

“Time and again I’d vow to change. Time and again I’d tell myself: I will spend more time with the boys. Time and again I’d keep that promise—for a while. Then I’d fall back to my former routine, the only way I knew. Not hands-off. But not hands-on.” (p. 304)

“I didn’t understand what was happening, in the moment, but now I do. The years of stress were taking their toll. When you see only problems, you’re not seeing clearly. At just the moment I needed to be my sharpest, I was approaching burnout.” (p. 327)

“We’d learned a valuable lesson. Don’t put twelve innovations into one shoe. It asks too much of the shoe, to say nothing of the design team. We reminded each other that there was honor in saying, ‘Back to the drawing board.’ We reminded each other of the many waffle irons Bowerman had ruined.” (p. 332)

“I redefined winning, expanded it beyond my original definition of not losing, of merely staying alive. That was no longer enough to sustain me, or my company. We wanted, as all great businesses do, to create, to contribute, and we dared to say so aloud. When you make something, when you improve something, when you deliver something, when you add some new thing or service to the lives of strangers, making them happier, or healthier, or safer, or better, and when you do it all crisply and efficiently, smartly, the way everything should be done but so seldom is—you’re participating more fully in the whole grand human drama. More than simply alive, you’re helping others to live more fully, and if that’s business, all right, call me a businessman.” (p. 353)

“I fell asleep for a few hours. When I woke it was cold and rainy. I went to the window. The trees were dripping water. Everything was mist and fog. The world was the same as it had been the day before, as it had always been. Nothing had changed, least of all me. And yet I was worth $178 million. I showered, ate breakfast, drove to work. I was at my desk before anyone else.” (p. 359)

“I’d tell men and women in their midtwenties not to settle for a job or a profession or even a career. Seek a calling. Even if you don’t know what that means, seek it. If you’re following your calling, the fatigue will be easier to bear, the disappointments will be fuel, the highs will be like nothing you’ve ever felt.” (p. 381)

“I’d like to warn the best of them, the iconoclasts, the innovators, the rebels, that they will always have a bull’s-eye on their backs. The better they get, the bigger the bull’s-eye. It’s not one man’s opinion; it’s a law of nature.” (p. 382)