Using the information below, create a Business Model Canvas Template

Here is the template to use. Please list the assumptions by numbers

$1$ Key Partners

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$2$ Key Activities

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$3$ Value Proposition

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$4$ customer Relationship

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$5$ Customer Segments

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$6$ Key Resources

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$7$ Channels

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$8$ Cost Structure

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$9$ Revenue Streams

The Plan for Nike

Nike has articulated a robust strategy to uphold its leading position in the sportswear market, with a strong emphasis on innovation, sustainability, and personalization. The introduction of Custom Nike tennis shoes is a testament to Nike's commitment to Declarative Branding, offering customers a unique, tailored experience that resonates with Nike's core values.

The Inspiration and Innovation for Every Athlete

The recently released Custom Nike tennis shoes are ready to be worn. They give clients the freedom to customize their shoes to fit their needs and preferences perfectly. This customer$-$centric approach not only offers customers a choice in the appearance, feel, and functionality of their shoes but also introduces fresh consumer$-$level innovation to the market. Nike's customized approach fosters a greater sense of empathy with its customers, who appreciate having their unique demands met. Customers feel as though they are wearing clothes that are specially tailored to fit them, which strengthens their brand loyalty and showcases Nike's deep understanding of its customers and their needs.

Innovation and Research and Development $($R&D$)$

Nike's commitment to innovation is unwavering, as evidenced by its significant investments in research and development. However, to stay ahead in the sportswear market, Nike must continue to push the boundaries of innovation and technology.

Nike's commitment to innovation is further demonstrated through its investment in the development of new materials and composites. The Fibre$-$Reinforced Polymer Composite Crossarms are a prime example of Nike's engineering prowess in the sports apparel industry, showcasing the company's technical capabilities and dedication to product excellence.

One way Nike ensures that providing highly customized products doesn't imply compromising on functionality is through custom Nike tennis. This cutting$-$edge technology strengthens Nike's competitive advantage due to the expanding desire for personalization.

The company's strategic plan involves connecting its mission to bring inspiration and innovation to every athlete with product types like Custom Tennis Shoes. The result is a personalized shoe where customers can co$-$design their premium performance footwear, increasing customer loyalty and brand affinity. This relies heavily on the considerable R&D and development $($R&D$)$ costs that Nike supplies in their R&D$,$ which enable innovation through tech like Flyknit. The desire to have even customized products with existing high$-$performance standards is a testament to Nike's impeccable quality and cutting$-$edge technology.

Data Analytics and Personalization

Nike uses data analytics to refine its product offerings and better understand its customers. By analyzing purchasing patterns, customer feedback, and other insights, Nike has created a system that truly understands and caters to customer preferences, making them feel valued and heard.

Nike leverages consumer data to provide more individualized options through customization through insights. Nike uses information regarding size, color preferences, and popular features to customize product lines, such as the Custom Nike tennis shoes.

Changing with Consumer Trends: Nike's agility in responding to changing consumer tastes is a major competitive advantage. Nike can remain ahead of market trends and produce goods that suit customers' needs at any given time by providing personalization based on real$-$time data.

Customers get a more interactive and exciting experience when digital tools for personalization are used. Their ability to directly impact the product's design gives them a sense of empowerment and fosters deeper consumer loyalty and brand promotion.

Financial Implications

From a financial perspective, Nike's decision to invest in personalized products like Custom Nike tennis shoes is well$-$aligned with market trends. Here is a detailed analysis of the economic aspects of this strategy:

Market Growth: According to MarketLine, the global sportswear market experienced a $7\mathrm{.}5\%$ Compound Annual Growth Rate $($CAGR$)$ in $2017,$ with the personalized product segment gaining significant momentum. This indicates a strong market demand for personalized, high$-$performance products.

Revenue Projections: Nike's financial reports show that in fiscal year $2019,$ the company generated nearly $$46$ billion in reven