Entrepreneurship
Influencer Marketing: How One Athlete Brought Nike Back to the Top
Nike, once facing a downturn, was revitalized by the power of a single influencer—basketball legend Michael Jordan—and his iconic ad campaign.
Although Influencer Marketing might seem like a relatively modern term, often associated with social media personalities, its roots run deep. The principle of using public figures to endorse products has been a tried-and-true method for decades, long before Instagram stars and YouTubers took center stage.
The strategy remains the same: leveraging a well-known personality to connect with a wider audience and stimulate sales. And when it comes to influencer marketing, the partnership between Michael Jordan and Nike is one of the most famous case studies of all time.
Nike’s Tough Times
In the mid-1980s, specifically in 1984, Nike—a brand now synonymous with global sportswear dominance—was struggling. Despite 20 years in business, Nike was grappling with its first-ever quarterly losses, a sharp contrast to the consistent growth it had enjoyed in the previous decade.
That same year, Nike placed its hopes on a shining moment in the sports world: Carl Lewis, a track and field star, who won four gold medals at the 1984 Los Angeles Olympics wearing Nike shoes. However, this athletic achievement failed to translate into a surge in sales.
Meanwhile, Reebok, a fierce competitor, was gaining significant market share, thanks to a successful campaign targeting women’s fitness, particularly with their new running shoes. Reebok’s ascent was a clear threat to Nike’s reign, and the brand needed a game-changing solution—fast.
The Solution: A New Shoe and a Rising Star
Nike found its answer in a fresh face: Michael Jordan. At the time, Jordan was an up-and-coming player in the NBA. He had shown promise but had yet to achieve the legendary status he would later enjoy. Nike, however, saw potential in Jordan that others had missed and made a bold bet: they signed him to endorse their new sneaker, the Air Jordan.
The move was a gamble, especially since Jordan had expressed a preference for Adidas shoes. But Nike’s lucrative offer convinced him to sign on, and in late 1984, Nike introduced the Air Jordan sneaker at a price of $65.
What happened next changed everything.
From Struggles to Success
Within just two months, Nike generated $70 million in sales from the Air Jordan. As Jordan’s star rose throughout the 1980s and 1990s, so did the popularity of the sneaker. What began as a risky marketing move turned into a multi-billion-dollar phenomenon, bringing in over $2 billion annually at its peak.
Reebok, once a formidable competitor, began to falter as Nike continued to dominate the market, not just with Jordan but by aligning itself with more basketball stars in the years that followed. Nike’s aggressive and innovative marketing strategies ultimately led to Reebok’s decline, culminating in Adidas acquiring Reebok for $3.8 billion in 2005.
Meanwhile, Nike soared higher, continuing to leverage star athletes to market their ever-evolving versions of the Air Jordan—a product line that remains highly successful to this day.
The Lesson
The story of Michael Jordan and Nike is a masterclass in influencer marketing. The key takeaway? To achieve extraordinary results, you need a winning combination: an exceptional product and innovative marketing. Pairing a great product with creative strategies and influential figures can propel your brand to new heights.
Entrepreneurship
New Study Highlights Top 10 In-Demand Skills in Bahrain’s Labour Market
Employers prioritize bilingual communication, digital literacy, and leadership as Bahrain advances toward a diversified, knowledge-based economy
A new study conducted by Quality Code Consulting in collaboration with the Bahrain Society of the Private Training Institutes (BSPTI) has identified the top 10 skills most in demand across the Kingdom’s job market, providing fresh insight into what employers are looking for as the country pushes toward a knowledge-driven economy.
The research—based on input from 309 stakeholders, including employers, job seekers, educators, and recent graduates—reveals a strong emphasis on bilingual communication, teamwork, and digital adaptability.
Communication and Collaboration Take the Lead
At the top of the list is proficiency in communication, particularly fluency in both Arabic and English. These skills are seen as essential across nearly every sector in Bahrain’s economy, including services, banking, technology, and tourism.
Closely following are teamwork and collaboration abilities, which are increasingly essential in a landscape where cross-functional and multidisciplinary teams are becoming the norm. These skills are seen not just as functional but critical to boosting problem-solving, execution, and innovation.
Digital Fluency, Critical Thinking, and Customer-Centricity
The study also underscores the growing need for digital literacy—defined as the ability to efficiently use digital platforms and IT tools—as well as the importance of adaptability and flexibility in a fast-evolving, tech-driven marketplace.
Also ranking high were:
- Problem solving and critical thinking
- Customer relationship management
Both are viewed as foundational in service-oriented industries, which remain a key part of Bahrain’s economic makeup.
Innovation, Leadership, and the Entrepreneurial Mindset
Employers across sectors also placed a premium on leadership and initiative, especially in roles focused on transformation, change management, and innovation. Creativity and emotional intelligence were cited as equally important, particularly in high-pressure, customer-facing roles where interpersonal awareness is vital.
Rounding out the list is the entrepreneurial mindset—the ability to identify, pursue, and implement new opportunities. This skill is increasingly seen as critical for driving economic diversification, a cornerstone of Bahrain’s Vision 2030 goals.
Empowering Bahrain’s Workforce for the Future
“This study represents a critical milestone in understanding the real-world needs of Bahrain’s employers,” said Nawaf Al-Jishi, Chairman of BSPTI. “By aligning training programs with these core skills, we can enhance the employability of Bahraini talent and contribute meaningfully to the Kingdom’s economic transformation.”
Dr. Chris Coates, Senior Researcher at Quality Code Consulting, added that the study tracked recovery trends across 17 key sectors, including trade, finance, tourism, and logistics. Participating organisations ranged from industry leaders to high-growth ventures.
“There is a clear synergy between these skills,” said Dr. Coates. “For example, effective communication enhances collaboration and reinforces leadership capabilities. Bahrain’s future workforce will be built on professionals who master both technical and human-centric competencies.”
Entrepreneurship
The ‘Fatal Mistake’ That Kills Startups Before They Start, According to Stanford Professor and Serial Founder
Steve Blank, who co-founded four tech startups and teaches entrepreneurship at Stanford, reveals the critical error founders keep making — and how to avoid it.
When it comes to launching a startup, Steve Blank has seen it all. As a seasoned entrepreneur, having co-founded four tech companies and written multiple books on entrepreneurship, Blank’s insights carry the weight of hard-earned experience. Today, as an adjunct professor at Stanford University, he shares a warning for every aspiring founder: most startups are doomed before they even begin, thanks to a simple but devastating mistake.
That mistake? Building a product before understanding the customer.
“I’ve seen this a million times,” Blank says, reflecting on his decades in Silicon Valley. Founders get captivated by their own ideas, pouring time and resources into building solutions that no one has asked for. They become so enamored with their vision that they forget the most fundamental question: Who is my customer, and what do they actually want?
The Dangerous Trap of ‘Build First, Sell Later’
Too often, Steve Blank explains, entrepreneurs come up with a business idea, race to develop a product, and only then start thinking about how to sell it. This backward approach is what Blank calls the “fatal mistake.”
“It’s not: ‘Here’s what I’m building. Can I sell it to someone?’” he emphasizes. Instead, successful founders start by deeply understanding their target customers. “The most important [question] is: ‘Who are my customers?’ And the second is: ‘What do they want?’”
Blank’s philosophy is backed by other successful entrepreneurs. Alberto Perlman, co-founder and CEO of Zumba Fitness, echoes this sentiment: “You have to always be listening, and listening between the lines, to your customer.”
Investor and Shark Tank star Robert Herjavec agrees, noting that failure to understand customer needs can spell disaster: “It’s natural to get attached to your product or service, but success hinges on seeing its value through the customer’s eyes.”
Lessons From Personal Failure
Steve Blank speaks from personal experience. In the early 1990s, he co-founded Rocket Science Games, raising an impressive $35 million and earning a feature in Wired magazine. On paper, the company looked like the next big thing. Talented engineers? Check. Polished game trailers? Check. Buzzworthy marketing? Check.
But there was a problem: the customers didn’t care.
“The games sucked,” Blank admits. They failed to resonate with gamers, and sales never took off. The company folded in 1997 in one of Silicon Valley’s most high-profile startup failures.
“The biggest killer for me, and the biggest failure, was hubris,” he reflects. “Don’t believe your own bulls—. It’s really easy to get convinced about your passion and your vision.”
Had he sought early customer feedback, Blank believes Rocket Science Games could have either pivoted or avoided the failure altogether. It’s a lesson that has shaped his teaching ever since.
Get Out of the Building
Blank champions a practice he calls “getting out of the building.”
This means stepping away from your desk, abandoning spreadsheets, and having real conversations with potential customers. Listen not only to what they say, but also to what they don’t say. Explore their frustrations, needs, and desires. Observe how they currently solve the problem you’re trying to address.
“The best insights come from direct, unfiltered customer feedback,” Blank insists. He teaches students and startup founders alike to embrace this proactive approach, using it to validate their assumptions long before they invest heavily in building a product.
Avoiding the Hubris Trap
Perhaps the most dangerous pitfall for founders is falling in love with their idea at the expense of reality. Blank calls this the “hubris trap.” Passion is important, but unchecked enthusiasm can blind even the smartest entrepreneurs to warning signs.
“Success comes from humility and curiosity,” Blank explains. “Assume you know nothing, and let your customers teach you.”
He points to the lean startup methodology as a way to mitigate this risk: start small, test assumptions, iterate based on feedback, and only scale once product-market fit is clearly established.
Building With Customers, Not For Them
Ultimately, Blank’s advice is simple but profound: don’t build in isolation. Involve your customers in the process from day one. Let them help shape your product, and your chances of success will skyrocket.
“It’s not about building the perfect product in a vacuum,” he says. “It’s about building the right product with your customers.”
For aspiring founders, this mindset shift could make the difference between startup success and failure. Take it from someone who has seen both sides of the journey—and who now dedicates his career to helping others avoid the same pitfalls.
Entrepreneurship
GoDaddy Study: 63% of Egyptian Women Entrepreneurs Are the Primary Breadwinners for Their Families
GoDaddy’s 2025 Global Entrepreneurship Survey highlights the growing role of Egyptian women in business and their adoption of AI to streamline operations.
A recent study by GoDaddy, the 2025 Global Entrepreneurship Survey, has revealed that 63% of Egyptian women entrepreneurs serve as the primary financial providers for their families. The report underscores how these women are embracing technology and artificial intelligence (AI) to enhance business efficiency and unlock new opportunities in the post-pandemic economic landscape.
Women’s Growing Role in Egypt’s Entrepreneurship Scene
The study found that 53% of small businesses surveyed in Egypt are owned by women, with 27% of them launched in the past five years. This reflects the resilience and adaptability of female entrepreneurs, particularly in navigating the economic challenges that followed the COVID-19 pandemic.
AI Adoption Driving Business Growth
Egyptian women entrepreneurs are not only managing businesses but are also leading in AI adoption to scale operations. The survey found that:
- 93% of respondents expressed confidence in their business skills.
- 96% believe AI will enable their small businesses to compete with larger firms in the coming year.
- AI tools save them an average of 19 hours per week, equivalent to two full workdays.
Entrepreneurs are leveraging this saved time for:
- Learning new skills (51%)
- Analyzing business performance (50%)
- Managing day-to-day operations (48%)
Financial Independence and Business Confidence
The study highlights that women-led businesses are contributing significantly to the local economy, not just by generating income but also by creating jobs. 62% of female entrepreneurs in Egypt feel optimistic about their business prospects, while 74% believe their ventures will expand within the next three to five years.
Women entrepreneurs also reported high satisfaction levels with their ventures, particularly in:
- Introducing new products or filling market gaps (48%)
- Developing management skills (40%)
- Creating job opportunities for others (40%)
The Role of AI in Women-Led Businesses
AI-powered solutions such as GoDaddy Airo® have played a key role in helping entrepreneurs simplify complex business tasks. This tool enables small business owners to:
- Build websites and logos effortlessly
- Develop digital marketing strategies
- Enhance online visibility through AI-driven SEO optimization
Selina Bieber, Vice President of International Markets at GoDaddy, commented:
“AI-driven tools like GoDaddy Airo® empower women entrepreneurs by saving them time, allowing them to focus on business growth, personal development, or family responsibilities. The success of Egyptian women in business is inspiring a new generation of female entrepreneurs.”
The survey also revealed that 93% of women entrepreneurs believe their businesses have improved their quality of life, providing a sense of fulfillment and empowerment.
GoDaddy’s Commitment to Women Entrepreneurs
GoDaddy continues to support millions of entrepreneurs globally by offering business-building tools, including AI-powered solutions for digital branding, e-commerce, and customer engagement. The company’s 24/7 expert support ensures small business owners have the guidance they need to succeed.
About the 2025 GoDaddy Global Entrepreneurship Survey
Conducted by Advantis Research in January 2025, the GoDaddy Global Entrepreneurship Survey examined small business owners across 12 countries, including Egypt, Saudi Arabia, the UAE, India, Germany, and Brazil. The study surveyed 3,504 business owners, with 500 respondents from the MENA region, all operating businesses with 1-49 employees.
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