Nike, the renowned sportswear giant, has recently announced a strategic shift in its business approach. This decision comes as a response to the slowing innovation pace and the increasing competition from rival brands. Over the past year, Nike has faced challenges in maintaining its market leadership, with other companies successfully carving out their niches and capturing a significant share of the sportswear industry. In an effort to regain its competitive edge, Nike is focusing on accelerating its product innovation and development. The company aims to rejuvenate its product lines by introducing cutting-edge technologies and designs that cater to the evolving needs and preferences of its consumers. Additionally, Nike is investing in research and development to ensure it stays ahead of the curve and continues to set industry standards. To counter the growing threat from its rivals, Nike is also revamping its marketing strategies. The company plans to strengthen its online presence an...