Phil Knight and Kevin Plank
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Companies Currently

Companies Currently | Phil Knight and Kevin Plank | Scoop.it
Kevin Woodyard's insight:

Both Nike and Under Armour are currently leaders in the sporting goods industry. Nike is currently worth $18.4 billion dollars and Under Armour is worth $1.04 billion. They currently show no signs of slowing down

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Differences

Differences | Phil Knight and Kevin Plank | Scoop.it
Kevin Woodyard's insight:

Although there are many similarities with these two entrepreneurs, there are also many differences. One of the major differences between these two is their age. Kevin Plank of Under Armour is only 41 years old. Phil Knight of Nike, however, is 76 years old. Kevin Plank has a net worth of $2.2 billion while Phil Knight has a net worth of $18.2 billion. Phil Knight has clearly been in the game longer and has had more success than Kevin Plank. This shows that Plank still has the potential to be as great as Phil Knight, but he has got a long way to go

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Kevin Plank

Kevin Plank | Phil Knight and Kevin Plank | Scoop.it
Kevin Woodyard's insight:

Kevin Plank was born on August 13, 1972 in Kensington, Maryland. He is the youngest of five brothers. His father was a rather popular land developer and his mother was the mayor of Kensington and also worked under Ronald Reagan. While in high school he attended St. John's College High School. He then later on attended the University of Maryland. While at the university he opened many businesses in order to find a successful one. He finally found a business that would be one of the most successful in the history of sporting goods. When he was on the football team, his friends would always make fun of him because he sweat so much. He set out to find a material that wick aways the sweat and make an athlete faster and cooler. He eventually found this and has turned Under Armour into an extremely successful business.

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Benefits To Society

Benefits To Society | Phil Knight and Kevin Plank | Scoop.it
Kevin Woodyard's insight:

Both Phil Knight and Kevin Plank have had a huge societal impact. Not only are they about making millions of dollars, but they are also about giving back to the community. Phil Knight has given millions of dollars to his alma mater, the University of Oregon. He actually has recently given a donation of $500 million dollars to the University. Not only has he helped out the University of Oregon but also many other places. He has also recently pledged to give $100 million to cancer research and has also donated $120 million to the Stanford School of Business. Similarly, Kevin Plank is a huge believer in giving back to the community. Just live Phil Knight, Kevin Plank has given hundreds of millions of dollars back to his alma mater, the University of Maryland. He is also a board member for many  different Organizations across the Baltimore area. Philanthropy is a huge deal for both of these entrepreneurs and it is one reason it makes them so great. 

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Similarities

Similarities | Phil Knight and Kevin Plank | Scoop.it
Kevin Woodyard's insight:

The similarities of Kevin Plank and Phil Knight are actually quite similar. They both found a problem in something they were passionate about and they made it better. Phil Knight saw a problem with shoes in the running world. Kevin Plank took his own problem with being the sweatiest guy on the team and found a moisture wicking material. Both of these entrepreneurs' products have changed the sporting goods world and have had a huge impact on this world. These brands are recognized world wide no matter where you are. When both of these companies started out, they were basically started from scratch. When Kevin Plank first started Under Armour, he was selling shirts in the basement of his grandmother's house. Similarly, Phil Knight started selling his Japanese made running shoes in the trunk of his car. From there both of these companies shot of like rockets and have turned into a huge success world wide.

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Phil Knight

Phil Knight | Phil Knight and Kevin Plank | Scoop.it
Kevin Woodyard's insight:

Phil Knight was born on February 24, 1938 in Portland, Oregon. He was the son of a lawyer turned newspaper writer. When Knight was a child, his father refused to let him work for his newspaper. In turn, Knight went and worked for the rival newspaper. Knight continued his education at the University of Oregon. While he was there he was a sports reporter for the Oregon Daily Emerald. He would end up receiving a degree in journalism from the University of Oregon. After college, he enlisted in the Army and served one year on active duty and then seven more years in the Army Reserve. Finally, he attended the Stanford Graduate School of Business and figured out that he was an entrepreneur. He had an interest in having his own company that specialized in athletics. He then founded Blue Ribbon Sports on January 25, 1964 which then later became Nike.

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