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It is important that the sports business would protect its employees, and even help them find work elsewhere. The sports business will also often have number of ties in the community, and these will also need to be unwound. In particular, breaking relationships with charitable organizations is something that will be a challenge for management. However, the business will soon need to move onto the business of liquidating the assets, which could include stadiums.
If there are fixed assets involved in either an unwinding of a business or restructuring of the business, the company needs to take into account the disposal of these assets. Sometimes, a fixed asset like an arena or stadium can be sold. This is likely to be the case if there was any government funding for constructing the building. However, it is not responsible to leave such a fixed asset unsold, even if it is a…… [Read More]
Consortiums and collaborations
Harvard is part of the original Ivy League sporting conference, encompassing Yale, Princeton, Brown, the University of Pennsylvania, Cornell, and Dartmouth. Harvard students are also able, with permission, to take classes at MIT and at Harvard graduate institutions. Harvard offers extensive study abroad options.
Harvard has 41 Division I intercollegiate varsity sports teams for women and men, more than any other Division I college in the country. Harvard is also a proud member of the Ivy League, which is a sporting conference of some of the nation's finest academic institutions (Athletics, 2009, Harvard College).
Harvard has an extensive network of student-directed community service organizations: "Students direct over 120 different programs in and around the Greater Boston area" (Community outreach, 2009, Harvard College). Student-lead groups include afterschool tutoring programs for the disadvantaged members of the community, health awareness and drug abuse prevention programs, mentoring…… [Read More]
Lawrence Sports Simulation
Lawrence Sports are facing a challenge; they have a single buyer for their goods and deal with two main suppliers. he firm is facing delays in collecting the accounts receivable from the buyer; Mayo, while the payments for the suppliers; Garner Products and Murray Leather Works remain due. he strategy suggested is to readjust the credit terms with Lawrence and the suppliers to reduce the pressure o the cash flow and decrease the requirement for borrowing. he strategy requires the balancing of the different stakeholders needs in order to retain the good business relationships. he strategy of tightening the credit policy is to be accompanied by the use of the balanced scorecard which will help the firm focus on the overall performance and Cash Conversion Cycle
he cash conversion cycle measures the time between a firm spending cash and collect cash from the sales. he longer…… [Read More]
If the owner agrees, it discharges the debt under accord and satisfaction, as long as he takes the funds (cashes the check) knowing or with reason to know that it's consideration for discharging the debt. Even though it seems there's no new consideration here, there actually is; because it's a new promise to pay, given the fact that the owner would probably not be able to collect any funds otherwise.
As for the interest, if Mrs. Green disagrees with the calculation, she can recover under contract theory if she is proven correct. Unilateral mistake can be corrected in this fashion. If however, she knew of the error, then she would not be able to collect after the fact. Of course, she has to prove in a court that the calculation was incorrect.
Mary had contracted away her right to sue. A contract must have offer, acceptance and consideration (i.e., some…… [Read More]
A partnership firm would be the best choice for Lou and Jose sports bar and restaurant business. To form a partnership, four criteria must be fulfilled: partnership must have two or more persons; the same persons must be caring the business, business must be for profit, and all persons must be co-owners. Lou, Jose, and Miriam will be co-owners for-profit business and Lou and Jose will be caring daily duties of a sports bar and restaurant. However, in a partnership control is shared by all the partners. Every decision is made on the understanding and agreement between all the partners. Lou and Jose will have general partnership while Miriam as an investor partner will not control business activities.
The reason a partnership firm would be the best choice is because neither of them have much money and Miriam is willing to be the investor who will not participate…… [Read More]
minimum academic references, text. Integrate literature essay. Remember introduction a conclusion. Avoid casual language, informal language, biased language. rite academic style.
Leadership in sports
Professional sport has experienced much progress across time, as individuals involved in the domain got actively engaged in implementing reform processes meant to improve it in general. Many people are likely to think about one thing when coming across the idea of leadership in sport: coach. Coaches have been traditionally accustomed to performing all sorts of activities related to sport, regardless of their complexity. Even with this, as the world of sport also experienced advancements, society came to observe the need for a series of other professionals that would deal with leadership in sport.
Taking into account the magnitude of the contemporary sport industry, it would be safe to say it is one of the most successful domains. In the past sports were provided with lesser…… [Read More]
Stories detailing the rise and fall of the Egyptians, the Roman Empire and other great nations proved mesmerizing and intriguing.
My interests in other areas have also been diversified; I have pursued many adventures, participated as president of many clubs, and won many competitions in music, sports, dance and more. My strength has always been academics however. During high school I was presented the unique opportunity to come to the United States and continue my education. It was here that I decided to study history initially. Though my parents pressured me to study finance or business, I found such work tedious at least initially. I did however entertain my parents and begin taking more classes in finance. This was probably the best decision I have ever made and helped create the professional I am today.
The more I learned the more I came to understand that finance was more than…… [Read More]
To remind viewers of the many unique action films offered by the channel, handing out bumper stickers at places where F/X watchers are likely to buy products is one possibility. These stickers could read "F/X Digital -- My Other Car is a Stunt Car." This would offer a humorous, ironic message to draw the attention not just of the driver displaying the sticker, but everyone who saw the sticker. Creating idents, or short video promotions showing very ordinary-looking actors portraying viewers of the F/X channel turning on the channel in digital and suddenly becoming part of one of the shows or the films featured on the channel in the upcoming month would underline the message of: "F/X digital -- watch if you dare." This would show how watching in digital creates a new risky, and thrilling dimension to the television-watching experience.
Advertisements regarding the new dimension digital viewing will bring…… [Read More]
The Wimbledon Tennis tournament as a hallmark-sporting event creates these social and cultural impact of the community. This is because according to theory transient and recurring events act as important methods of collecting identification of host communities. They present opportunities of asserting, reproducing, reinforcing, and contesting prevailing cultural values and beliefs and social norms (Quinn 2009). Hallmark events are identified as functions that support and reinforce the image of established social and cultural norms.
PR Newswire (2012) indicates the unpredictability of the effects of Olympics as its impact may be difficult to evaluate. However, in the case of London's 2012 Olympics, the games left a lasting impression on the socio-cultural context of ritain. According to Dhar (2012), the games led to the unification and social spirit of unity among the ritish during 2012, as compared to the divided and lawlessness associated with urban riots in 2011. The games increased the…… [Read More]
he answer to the prayers of sport fans seemed to have come in 1982, with the implementation of the Action Sport program. It stood as the first official proposal related to sports development in the country. he program brought significant improvements to the sports scene in England and in several other countries neighboring it, considering that it made it possible for numerous people to get jobs and for more professionals to get actively involved in promoting sports.
he Sports Development Continuum plan came as a method to elaborate the concept of sports development. Derek Casey introduced theories relating to Foundation, Participation, Performance, and Excellence, influencing individuals engaged in sports to gain a better understanding of what sport development meant. he plan was later modified so as for people to comprehend the level to which they could participate and assist the domain. It became obvious that none of the principles put…… [Read More]
Also noted by Piard is that once a new stadium is constructed the necessity to construct additional parking facilities is dealt with by the community. The city of Auckland Australia conducted an assessment of the costs and benefits associated with building a waterfront stadium and in its reports stated that the projected costs of construction initially stated at $500 million would in the end actually cost $1 billion and that this amount would construct eight high schools and simultaneously Auckland opted out of the stadium construction proposal.
SUMMARY and CONCLUSION
Construction of a new stadium is a serious issue and there are a great many factors that must be taken into consideration and those factors have been noted in this study. Unless there is no stadium existing in the city in which a new stadium is being considered and there is no other option but to build a stadium then…… [Read More]
Improving Competition and Community Engagement
Sports experts, analysts, and observers agree that club football, especially in Europe, is characterized by increased prosperity and popularity. Football has experienced tremendous prosperity and success over the past decade. The increased popularity and prosperity of football clubs has been characterized by the emergence of numerous commercial opportunities and more involvement of fans in the management/running of football clubs. Sports clubs are increasingly exploiting the commercial opportunities through lucrative sponsorship and television deals. Therefore, the success of football clubs in the current sports environment requires increasing capacities to compete with better funded clubs and enhanced community engagement.
Competing with Better Funded Clubs
As the sports industry has become more prosperous and popular, clubs have attracted lucrative sponsorship and television deals as well as other kinds of funding. Currently, there are better funded clubs in the league, which have the money to attract and keep the…… [Read More]
This would considerably simplify matters for Lawrence Sports. Such financing methods are best suited for alimenting short-term objectives.
The reason behind implementing an electronic payments system relies on the fact that the company would count on receiving and making timely payments. This alternative is also designed for simplifying the cash flow.
Preparing and effective cash budget is another alternative solution that must be taken into consideration by the company's managers. The reason that sustains this alternative consists in the fact that companies prefer not to keep big amounts of cash available, but, at the same time, companies are also afraid of keeping amounts of money that are too small for whatever unexpected issues might emerge. Handling large inventories of cash is a strategy that his its advantages and its disadvantages (Brealy, Myers & Allen, 2005).
Another alternative solution mentioned above consists in implementing a factoring system. This financial tool is…… [Read More]
Joe's Sports, a 50-year-old sporting-goods retailer with stores in Washington, Oregon and Idaho, who filed for bankruptcy protection recently. The company began when "Edward Orkney, a World War II veteran, began selling Army surplus sleeping bags from the back of a station wagon in Portland" (Martinez, 2009). It grew to a chain of 30 stores with over 1,600 employees, and was considered successful until the economic downturn that began in 2008.
The company claims up to $500 million in debt, and there are several of its creditors who are uninsured and facing steep losses, such as Columbia Sportswear, another Washington company, who is owed about $888,300. They owe about $12.8 in total to all their creditors. The company did secure some funding from Wells Fargo etail Finance so it can continue to operate and pay its employees as it attempts to reorganize and again become profitable. The President and CEO…… [Read More]
Lawrence Sports Working Capital Management
Lawrence Sports is a manufacturer of sporting goods facing a fiscal dilemma in the early spring of 2011. Between the months of March and April, the company would experience an impasse within the context of its Current Cash Conversion Cycle. Here, an improved strategy for working capital management is called for.
First, with respect to the cash conversion cycle, Lawrence Sports largely draws is working capital from two sources. The first of these is its partnership with Mayo, the largest retailer in the world and buyer of 95% of all goods from Lawrence. The second of these is the Central Bank, which maintains the company's account balance at $50,000 through a system of automatic loans that are invoked any time the company's cash availability slips beneath this margin. Historically, Lawrence has employed an Aggressive approach to its capital management by relying on a wealth of…… [Read More]
Foremost, unlike the previous alternative solution, the profitability of the sports equipment manufacturer would not be negatively affected by problems in the vendor-supplier relationship.
A b) Supplier-vendor relationship
Unlike changes in the priority of payments, the contracting of a bank loan would not affect the relationship between Lawrence Sports Inc. And its purveyors. The suppliers would still receive their payments at regular dates and would therefore continue delivering high quality commodities in a timely and efficient manner. If something, the relationship would improve as more orders would be made and the company would have a better possibility of honouring its obligations to the suppliers.
A c) Ability to resolve the problem now and in the future
The immediate future could pose some threats as the company would also have to pay the bank loan. However, the additional financial resources would allow the company to further invest in their human resource…… [Read More]
City Town eimaging Using Sports Strategies
A common challenge that has been impacting a number of cities throughout the UK is shifts in the local economy. This is because many industrial centers have been facing a decline in the manufacturing base. As employers, are seeking out locations overseas, where they can perform these functions cheaper. This has been causing various regions to begin to have image problems from these economic issues. (Gratton 2001)
To deal with these challenges, a number of cities have been focusing on using sports strategies to rebrand themselves. This is when they are creating large arenas that can serve as a location for various events. Moreover, many of these regions are concentrating on improving the brand image of the local teams to have a positive impact on the community. The combination of these factors is showing how various cities have been aggressively working to change the…… [Read More]
The budgeting process requires the university to have a clear sense of its core values: What is more important -- a new athletic facility or maintaining high salaries for faculty? The way that a university education is transmitted to students will also be impacted by the budgetary process. Providing more online courses may cut facilities expenditures, but students will be deprived of the benefits of peer and professor interaction. These classes may be taught by adjuncts and non-tenured faculty -- is it right to create a culture of poorly paid teachers who do not receive benefits?
The most important lesson is that no institution can be all things to all people -- the institution must set priorities and strive to achieve its goals. By trying to do everything, given the limited resources at its disposal, the university will inevitably fail.… [Read More]
student aid programs.
Student finance aid can be described as funds given to the student to make it easy for them to fix cost of education such as fee and tuition, room and board, supplies and books where the students are undertaking their education like in universities, colleges or private schools.The funds which is being given out to public educations by government in general is known as financial aid meaning that it is being given to particular students, Financial aid can also be referred to as scholarship, although scholarship has some other components like students loans and grants.Loans are finance that one lend and must be paid back with an intrest after a period of time.In the case of student loan the money will be taken back after graduating.Aid is the help one is given.
All the U.S. states governments and The United States government offer loans, grants and work…… [Read More]
5% of total liabilities. Their retained earnings, on the other hand, total $5.073 billion. The heavy use of retained earnings is partially explained by their view of themselves as a growth company. hile they pay a dividend, Nike prefers to re-invest much of its profits back into expansion. They do not feel that the market has matured sufficiently to stop their aggressive growth strategy. Another consideration in their capital structure is the cost of capital. On account of its low volatility, Nike has a low cost of debt, approximately 6.8% using CAPM. Their long-term debt is primarily a revolving credit facility. The rate, based on their a+ rating, is LIBOR + 0.15%, which would equate to 4.12% based on the October 15th price of the 1-year LIBOR. If anything, Nike could become more financially efficient by increasing their use of debt financing.
Nike places strong emphasis on human resources. They…… [Read More]
Major: Sport Management Minor: Business
Financed 100% of tuition with merit-based scholarships
Bank of America
Executive Development Program (Sales Manager)
Dec 2011- Present
Managed a $10 mortgage collections business by leading and coaching a team of 31 associates
Exceeded sales plan 9 out of 12 months as manager.
Increased same store sales by 4.2% within the Mortgage Collections business
Helped develop the community service initiative "Bag Hunger," generating $2,900 to feed low income families in the South Florida area
Personal Training Intern (30 hours per week)
Jan 2010- May 2010
Pioneered a successful corporate fitness program for over 60 employees designed to increase productivity and overall efficiency within the work environment.
Generated over $9,000 dollars of revenue through successful implementation of corporate fitness programs
Sears Holdings Co
Executive Management Intern
May 2009-Aug 2009
Learned successful operation and management…… [Read More]
Country Study: China
International trade and finance
China Economic Issues with Trade
Suggestions for improving trading practices
COUNTY STUDY: CHINA
COUNTY STUDY: CHINA
COUNTY STUDY: CHINA
China, officially the People's epublic of China (PC), is considered to be a sovereign state located in East Asia. It is the world's most populous country, with a population that has over 1.35 billion. The People epublic of China is a single-party state which is supervised by the Communist Party, with its seat of government in the capital city of Beijing (Naughton, 2012). It handles a regions that is over some 22 provinces, five of them are autonomous districts, four are direct-regulated cities (Beijing, Tianjin, Shanghai, and Chongqing), and two typically self-governing special administrative districts (Macau and Hong Kong ). (Snyder, 2011)The PC People epublic of China likewise makes the claim that Taiwan -- which is mostly controlled by the epublic of…… [Read More]
The first calculation is the cost of debt. This is done on an after-tax basis. The before-tax cost of debt is 4% and the tax rate is 35%. So the after-tax cost of debt is 65% of the before-tax cost of debt, thus 2.6%. The cost of retained earnings is calculated by dividing the current stock price by the expected dividend. This gives a value of 3.85%, to which the 3% growth rate is added, giving a cost of retained earnings of 6.85%.
The cost of equity is calculated using the capital asset pricing model. The market risk premium (12-3.25) is multiplied by the beta to get 14%, and then the risk free rate of 3.25% is added to this to give a cost of equity of 17.25%.
The same calculation is done for this one, but different numbers are used. The market risk premium is (5-2) =…… [Read More]
The final decision will be made at the IOC general assembly in eptember in Buenos Aires, Argentina.
Politics may also have played a part in pushing out the sport. Modern pentathlon, for instance is even less popular than wrestling, but it remains largely due to the fact that its sport was invented by Baron Pierre de Coubertin, the founder of the modern Games and that it is supported by Juan Antonio amaranch Jr., son of a former I.O.C. president and a member of its executive board.
The IOC is correct: Olympic style wrestling does not have the same luster as the other events possess. It lacks the celebrities and, in the U..A., is suppressed by the staged allure of professional wrestling. Other more contemporary sports such as rock climbing, rollerblading and wakeboarding have also climbed in to demote it.
On the other hand, wrestling also has its advocates. And many…… [Read More]
client of an MO, or the in-house marketing research manager, generally has a budget available to finance a variety of studies and he or she will usually have to determine whether it is worth conducting a particular survey or study. This is frequently a subjective decision based on their previous experience of commissioning and conducting research (Swain and Jones, 2002). The choice made usually depends on the circumstances of the research project, its objectives and how much is already known about the management problem from either past research or experience. If there is little pre- understanding of the management problem faced, the researcher may wish to explore the problem further before attempting to research a possible solution.
Since every research project is unique, because of its objectives, each can be tackled in different ways, utilizing different techniques and combinations of techniques. Quantitative research methods (e.g., the ubiquitous survey questionnaire) are…… [Read More]
American Higher Education
Higher Education is ading in Deep ater in 2014
Is there anything to celebrate about higher education in the 21st century? hat are the most troubling issues facing America's campuses that have emerged in particular over the past twenty years? These questions cry out for thoughtful, scholarly answers. On the one hand, there are crises related to university finances, student financial programs are bogged down by endless congressional haggling, federal financial backing for important research and development has withered away to a significant extent, and scholarships and grants from the National Institutes of Health (NIH) have not been able to meet the demand of qualified scholars (Thelin, 2013). On the other hand, according to the Knight Foundation Commission, many university presidents (if not most) are admitting that they no longer have control of their NCAA-governed athletics programs, and moreover, deans in medical schools are being urged to…… [Read More]
rite to the heads of BCS schools, and to their athletic directors. rite to Fox Sports, who controls $100 million a year television contract for BCS.
Voice your concerns so that all of us are heard. Let it be known that this particular system is no longer an acceptable, tolerable nor fair method in determining bowl matchups or a national champion in NCAA Division-I football.
No author. "Congress to Look Into 'Deeply Flawed' BCS System" ESPN (2005) http://sports.espn.go.com/ncf/news/story?id=2245440 (Accessed October 28, 2008)
Barnhart, Tony. "How the BCS orks Now" Atlanta Journal-Constitution. (2008) http://www.ajc.com/sports/content/sports/uga/stories/2008/04/25/bcsworks_0427.html (Accessed October 28, 2008)
Dodd, Dennis. "inners and Losers: BCS Adds a Fifth Bowl" CBS Sports (2004) http://www.sportsline.com/collegefootball/story/7131253 (Accessed October 28, 2008)
Callaghan, Thomas; Mucha, Peter J.; Porter, Mason a. "The Bowl Championship Series: A Mathematical Review" Notices of the AMS, Volume 51, No. 8. (2004) pp. 887-893
http://www.ams.org/notices/200408/fea-mucha.pdf (Accessed October 24, 2008)
Rich, Chas.…… [Read More]
Specifically reported by Coy is that the "recent launch of a black Disney princess may be an indicator of greater cultural diversity, but in terms of the 'girl power' values it carries the view that it is 'a great step . . . [and] could help black children see themselves more positively' (Adesioye, 2009) fails to address how it will reinforce messages of sexualization for black girls." (2009) to excel in the music industry, it is expected and even required that women become sexualized because this is a primary point of the success realized in the music industry as the music industry is highly sexualized overall. A study reported in the work of Stankiewitz and osselli (2008) states that the study examined the way that women were depicted in 1,988 advertisements "from popular U.S. magazines." The advertisements were coded in relation to whether women were presented as sex objects of…… [Read More]
As a small business owner determine the financial ratios that are important to the business, and compare them with those that are important to a manager of a larger corporation.
For a small business, the most important financial ratios are those in the profitability and efficiency classes. These include profit margin, return on assets, asset turnover, and fixed asset turnover. For the most part, small businesses are able to be more efficient and have higher profitability ratios than larger companies (Upneja, Kim, & Singh, 2000, p.28). Small businesses would be especially concerned with profit margin and return on assets, while a larger corporation would focus more on earnings per share and return on equity, which are concerned with shareholder equity, something that does not concern many small businesses.
Small business owners would also be interested in the liquidity ratios that measure the cash available to pay off debt,…… [Read More]
On the other hand, we might be able to "incubate" a cable network by playing a Thursday night series of cable games, and such a network could be a long-run success that would strengthen our product as well." (Tagliabue, 2004)
Tagliabue states that prior to proceeding with a new package it is necessary to ensure that this new package is based on "sound television premises and that it is structured to complement our other television packages rather than to cannibalize our Sunday and Monday night audiences and move us down the road to commoditization. As previously mentioned, commoditization is ultimately very negative in a 400-channel universe, and the challenge we face is how to balance the need for revenue and viewers to ensure the long-run success of our sport. In theory, greater revenues are available from cable television, which is both advertiser and subscriber supported, than from broadcast television, which…… [Read More]
5% and 2.35% over that period but opposite the trend of fluctuation in overall spending
The result is approximately $23.5 billion spend each year in the U.S. attending sporting events like the 82 games per year at the Boston Garden
Average U.S. households spent more attending sports events while incomes fell after 2007, and less as incomes increased since then
Households in the Northeast region including Boston spend higher on "apparel and services" and more or the same compared to all other regions and the national average for complementary local amenities "fees and admissions" (the Garden) and "food away from home" and "alcoholic beverages" (neighboring sports bar)
Bostonians spend higher than the region on entertainment and less on apparel and alcohol than the regional average, for the most recent years available, 2007-2008
Bruins season tickets are already sold out, which suggests weak 2010 economic fundamentals may take second place to…… [Read More]
management, in particular the management of mega events. It also delves deeply into the positives and negatives of the London Olympic Games and the 2006 orld Cup events in Germany. Those who manage mega events have an enormous task and an almost impossible responsibility to the public, to those participating in the events, and to the countries where mega events take place. Those issues and more are covered in this paper.
Theoretically review the key aspects of event management
Form and Function
Theoretically an event is a kind of convergence, according to Professor Donald Getz (School of Tourism, The University of Queensland); it is a blending of forms and functions, and those in turn converge into a worthwhile experience for the tourist / participant. Getz uses two huge events to illustrate how form and function come together to produce a grand experience for the attendee. He points to the 2012…… [Read More]
CADWAE: Case Study
Did CADWAE have genuine BFOQs (Bona Fide Occupational Job Qualifications) in its ad?
Do not forget to review the company's slogan as given in the above facts.
Be sure to discuss Petunia's point-of-view as well as CADWAE's position and defenses.
Use legal authority to support your position as well.
In general, it is illegal to discriminate against a job applicant based upon characteristics pertaining to "race, religion, gender, national origin, age or other protected status" ("BFOQ," 2015). However, in certain limited circumstances, if an employer can demonstrate that "no member of the group" he or she is discriminating against could perform the job, he or she may do so, under an exception known as Bona Fide Occupational Job Qualifications ("BFOQ," 2015). For example, airlines may have mandatory retirement ages for pilots because of safety concerns; religious institutions may favor candidates of a particular religion; and modeling and…… [Read More]
The effectiveness of promotional strategies is highly dependent on their ability to resonate and be relevant to the target audiences over time (Reference). This is the basis of the research being undertaken; to determine which promotional tools and strategies are the most effective in attracting, training and retaining the most talented and motivated volunteers for the London 2012 Olympic Games.
The following are the aims and objectives of this analysis. The primary objective of this study is to determine which promotional tools are the most effective in recruiting and retaining volunteers. In support of this objective, the following goals are defined:
a. To understand and segment the volunteer population in westernized nations including the UK, and determine the characteristics of these markets as they relate to volunteering for events.
b. To determine the psychographic attributes of each group as they relate to propensity to participate, contribute and assist in keeping…… [Read More]
Game theory is a critical form of decision making that is used in various subjects like economy and political science. Its relevance is becoming prominent in the success rates that have come out in gambling and sports betting. The theory is basically an amalgamation of different models of cooperation and conflict between various decision makers (Myerson, 1991) Thus, it can be safely stated that the theory itself is not just one piece of information solidly put out there yet it's a combination of different authors and experts. As mentioned earlier, the game theory has been linked to economic models, science, gambling like poker or sports betting and social situations as well. In the game theory the simplest way of putting it is analyzing the number of players and the moves that they are likely to take. Using this information, a person can guess and figure out the number of choices…… [Read More]
The impact of the UEFA implementation of the Fair Play Financial egulations could have a ripple effect that hurts soccer teams around the globe.
The Zimbalist article entitled, "Sport as Business" (2003) also brings up a good point about the socialization of sports leagues. Before the UEFA regulations take effect, the league operates in a relatively capitalist manner. Certainly many of the monetary imbalances that exist are not readily apparent when officials audit the books of the different teams, but as a business model, the new UEFA regulations may very well hurt the revenues of the entire league, not just certain teams specifically (Zimbalist, 2003). This would occur as club owners looking to turn a profit would be severely limited by financial restrictions put in place that force owners to stay debt-free. Owners will have less opportunity to attract talented players, especially owners of teams whose revenue is rather small.…… [Read More]
Because of the rapid depreciation rate it is virtually impossible for a middle-class individual to afford a race horse. Because the recent decades have not brought forward a certain winner, people have started to feel that the sport will never regain its glory. The individuals who were mainly interested in the gambling feature have come across more moderns methods of gambling and have lost interest in what seems to be a dying sport (Hereth & Talbott, 1993).
Horse racing truly is a glorious sport, but because of the lack of support it got in the last few decades it is unlikely to ever recover from the sphere of anonymity it entered. hile animal care was not a matter of extreme importance in the first half of the twentieth century, it does not seem illogical that race horses from the period broke record after record, as most were probably forced to…… [Read More]
Sports Illustrated proposed a thorough, if summary, compromise with regard to many of the issues that players and owners could not agree on: the elimination of arbitration in exchange for unrestricted free agency for 3-year veterans, establishing a middle ground between the owners' demand of free agency only after four years and the player's dislike of arbitration; also in the SI proposal were stipulations such as giving a luxury tax a three-year trial period for all parties to decide if it was in their best interest to keep.
Even solutions such as those proposed by the everyday baseball fan, such as "split profits 50/50" or other simplistic ideas could have been considered as options; instead, owners and players held fast to their positions and did not introduce new ideas to the negotiating arena, effectively ensuring that no progress would be made unless one side was a clear loser and one…… [Read More]
I'm here today to discuss a topic many of you may be passionate about, and the rest of you probably have no interest in. hat's the bad news. he good news is; I'm going to try to help you get a little excited about hockey, even if you don't know the difference between a stick and a puck. In May 2009, the Phoenix Coyotes of the National Hockey League, claimed bankruptcy. As a result, two competitive offers to finance the team emerged. One was from a Canadian businessman, the other from the NHL itself. his month, a judge ruled against both parties, leaving the hockey team in limbo, and outrage in the hockey fan community. (Yes, there is such a thing, and not just in Canada.) Here's what happened.
he sources of the conflict were the inability of the Coyotes to maintain operating costs and continue playing with…… [Read More]
Personal Trainer, Inc. is a full-service athletic facility and membership club, and with its new supercenter will finally offer all of its services -- athletic equipment, a swimming pool, childcare and child fitness program, a snack bar, and various lessons -- all under one roof. There are numerous processes carried out by the business to achieve these ends in an efficient and productive manner, including membership enrollment and maintenance, ongoing program development, and facilities management. The addition of 24/7 online access can provide members with more opportunities to track progress and engage with Personal Trainer, Inc.'s program offerings an advice.
Gray is clearly not in full support of adopting a new information management system; though he is not entirely opposed to such a development, he does not seem to find any necessity or even any advantage in making this move. Susan responds vey effectively, however, making it clear…… [Read More]
Personal Statement -- Oct.
My life story thus far has not been the kind of existence most people my age have had to experience. From a very young age, I had to be the man of the family, supportive to those around me and a rock that others could rest their emotions on. When I was little, everyone who knew my father would remark how much I reminded them of him, particularly because of the blue eyes that I inherited from him. When I was eight years old, my father passed away and often it would hurt the people around me to look into my eyes. They would too often see him reflected on my face. So not only was I put into a difficult position by having lost my father, in a way I had to make up for his absence.
This taught me to be strong and to…… [Read More]
Once they begin this journey, many young adults have their first encounters with true stress and the damage it can do to the unwary college student. Lack of sleep, social expectations, and important examinations all increase this level of stress, but luckily, there are practical ways that students can relax, making their college experience more pleasant and rewarding. Students can practice doctor-recommended mental and physical exercises to relieve their stress.
Mental exercise is the first step to achieving relaxation from stress. ith hours of homework, studying, and classes, students may find it difficult to disengage their brain and relax. According to a recent study, taking a mental break from homework or studying several times per hour could decrease your level of stress and actually allow you to perform better ("5 Exercises"). There are several ways you can take a mental break, but one exercise is to "Count slowly…… [Read More]
Sarbanes -- Oxley Act of 2002 (SOX)
In the year 2002, the U.S. Congress passed the Sarbanes-Oxley Act (www.sarbanesoxley.com), which, together with later regulations adopted in the two successive years following its enactment, impacted auditors', company manager' and directors' responsibilities with regard to their companies' financial reporting. Furthermore, the PCAOB (Public Companies Accounting Oversight Board) was established as part of this Act; the board is in charge of overseeing publicly-traded companies' audit of financial statements, and establishing American auditing standards. The Act's key purpose was increasing the confidence of shareholders in companies' financial reports. For achieving this goal, the Board was set up, for supervising issues of corporate governance and external auditing, which can impact financial report reliability. Moreover, the Act increased company managers' responsibility to produce dependable financial reports, while also specifying constraints for external auditors' activities, for enhancing auditors' independence from client companies (Shakespeare, 2008).
Benefits for Businesses…… [Read More]
healthcare services, many people could encounter some form of discrimination on the basis of their race, gender, or even sexual orientation. Discrimination in healthcare may seem like it is not something that is a major issue. However, it absolutely does come up in many situations, states and environments. hether based on gender, religion, race or sexuality, discrimination happens at overt or implied levels all of the time. In other situations, there are huge disparities in healthcare outcomes from one group to another and many experts say that this can only come from systemic or sporadic instance of racism from the healthcare sphere, from society in general or a combination of the two. hile most people get very good care, there are situations where the healthcare and/or government sectors fall short. It is important to note that although people are not always aware of this; there are various laws that seek…… [Read More]
The following till take a look at Foreign Corrupt Practice Act or in other words the FCPA.
Discovering the corporate payments difficulty in the middle of the 70s from a blend of work by the Watergate Special Prosecutor office, this includes related additional work and inquiry by SEC-Security and Exchange Commission and the Multinational Corporations Subcommittee by Senator Frank Church. In 1975, within four months, separate hearings were held by the Church Committee on Gulf Oil, Mobil Oil, Northrop, and Lockheed (Koehler). Every one of these corporations became the main subjects of allegations, concerning uncertain payments made either directly or indirectly to officials of foreign government or foreign political parties bearing a business purpose in mind. For example, the Gulf Oil primarily involved the contributions made to political campaigns of the epublic of Korea President. Northrop was mainly involved in making payments to a general in Saudi Arabia. Principally,…… [Read More]
The United States of America's PATIOT Act (formally the Uniting and Strengthening America by Providing Appropriate Tools equired to Interpret and Obstruct Terrorism Act) was a hurriedly created legislation against terrorism reacting to the terror attack on September 11, 2001. Little debate and oversight was given to the large, complex law by the Congress and President George W. Bush signed it into law on October 26, 2001. PATIOT offers sweeping surveillance, and search to both domestic officers and foreign intelligence agencies and removes many checks and balances that initially gave the courts the chance to make sure that the powers were never abused. The developing PATIOT and follow-up legislation (Gouvin, 2003) threaten the basic rights of most Americans.
The United States of America PATIOT Act, also known as USAPA brought in several legislative amendments that had a significant increase on the investigative and surveillance powers of…… [Read More]
Like alcohol and tobacco, marijuana has been consumed in human societies for thousands of years, and likely since before recorded history. Also like alcohol and tobacco products, marijuana is associated with certain dangers that warrant appropriate government paternalism in the form of legislation prohibiting its use by minors, regulating its manufacture and sale to ensure its relative safety and quality, and preventing the use of any substances capable of altering human perception in connection with the operation of motor vehicles. However, there is no logical basis whatsoever for distinguishing between alcohol and marijuana in terms of criminal legislation, and both substances are considerably less harmful to human health in the manner of their typical consumption than tobacco products.
Instead of subjecting marijuana users to criminal prosecution, government authorities should simply apply the same approach to marijuana as has been traditionally applied to alcohol and tobacco. The Prohibition era…… [Read More]
In the cinema, women were often sexual, powerful vamps and flappers, portrayed by actresses like Louise Brooks and Clara Bow. Flappers cut off their long hair and shed their long skirts for a more athletic and empowered appearance. However, although the flapper was culturally significant in terms of her image and power, her time in the limelight was relatively brief. Born of the prosperity of the Roaring 20s, during the Great Depression, women faced more sober circumstances. Still, many women continued to work, often because they were now the primary breadwinners for impoverished households. But working away from the home and female independence was less idealized. Films such as The Gold Diggers of 1933 showed women looking to marriage as a way of relieving their economic despair.
Katherine Hepburn: The Next New oman
hile some of the stars to emerge during the 1930s were decorous and feminine, others, such as…… [Read More]
Non-Governmental Organization Placement: Examination of the Experience of Students In NGO Placement
The objective of this work is to examine the experience of students on the NGO placement in Nigeria. The NGO at focus is that of St. Joseph Orphanage and Women Development Center. The writer of this work was provided with an excellent opportunity to exam the organization chart and policy of the non-governmental and non-profit organization. In addition, the writer of this work was provided with insight on how the organization raises money to finance and sustain its diverse projects in Nigeria. During the course of job placement of this researcher with this NGO organization, and specifically St. Joseph Women Development and orphanage center it was amazing to realize that Media and Communication organizations play a significant role in the promotion and creation of community awareness and awareness on the national level. Consideration of the barriers…… [Read More]
The report also shows that some changes must be made in order to make student financial assistance more affordable, by reducing loan interest rates for example.
Denis Herard also stated for the Edmonton Journal reporters: "We're on track to implementing the new tuition fee policy that will be in place and working for the students in the fall of 2007."
However, the new policy must be approved by the cabinet and other levels of government. Last year, premier alph Klein unveiled a tuition freeze as a "centennial gift" and promised to come up with the most "affordable" tuition policy in Canada.
These recommendations simply reinforce the status quo," said David Cournoyer, chairman of the Council of Alberta University Students and a vice-president of the University of Alberta Students' Union, about the proposals and recommendations in the steering committee's report.
Both the Advanced Education Minister, Denis Herard, and the Premier, alph…… [Read More]
Value of the Future Stream of Cash Flows Equals Value of the Discounted Amounts of These Cash Flows
If the bank is paying 4% annual interest rate on the banking account, the present value of the future $1,250 in one years is worth today
PV = FV/(1 + r)
And thus future value of $1,250 with the discount rate of 4% is approximately $1,202.
Account A is earning 6% interest yearly and will be worth $3,000 in one year, employing the mentioned above formula, the present worth of this account is $2,830. Account B. is earning the same 6% yearly interest rate and will be worth $4,000 in two years. Present value of this future payment can be calculated employing the following formula:
PV = FV/(1 + r)^
Future value is discounted by the 6% interest rate foregone by two years and that is why it is necessary to use…… [Read More]
There were certain moments in my life which did not allow me to pursue my study programs as desired; yet it was precisely this set of obstacles which consisted a challenge for me and determined me ever more strongly to pursue my goal. Therefore, I am due to graduate in May 2008 with a presentation entitled "Have Central Banks and Private Agents Become Wiser?" conducted under the supervision of Dr. Dennis Novy who has also offered me considerable support in trying to address issues such as inflation, the role of central banks, and their relation with private agents. His precious advice has led me to follow lines of thought different from the ones already addressed by the literature and has opened new research directions I intend to analyze in my future studies.
Aside from the traditional academic environment created by the universities I attended, another important input represented the experience…… [Read More]
So doing the right thing and being an ethical company would be the best choice for Sports Products, Inc. To make. Making the right choice will in the end will help the company to be more successful.
D. Does the firm appear to have an effective corporate governance structure?
No, it does not appear that Sports Products, Inc. has an effective governance structure. If the stakeholders are the owners of the corporation and have the power to elect a board of directors to run the company, then the company should be running in the shareholders' best interests. During the 20 years that this company has never paid out a dividend to its shareholders. This raises a large red flag that points to the mismanagement that is going on.
The profits of the company are increasing while the stock prices continue to fall. This leads one to question whether the stakeholders…… [Read More]
Identify and describe a&F's greatest organizational strengths.
The biggest strength of the company is its ability to control debt. This is important because during times of economic prosperity, many companies will often finance their growth through debt. Instead, a & F. has been focused on delivering consistent results, and the using the additional profits that they have made to improve the overall financial strength of the company. As a result, the operations and departments of a & F. function more effectively because the management has focused on prudent growth strategies. A good example of this can be seen by looking no further than current cash to debt levels. Where, the company has $712 million in cash and $111 million in debt. ("Abercrombie & Fitch," 2010)
Identify and describe the company's greatest weaknesses.
The biggest weakness that the company is facing is a slowdown in consumer spending. This can take place…… [Read More]
If the bond issues do not pass, it is still possible to request for private donations to build the stadium. With the help of local and national businesses, raising the additional $375 million would not be impossible, although it may take longer than those who believe the stadium is required for the Olympic bid may support. However, even if the Olympic committee decides that New York is not the place for the 2012 Olympic games, the private funding could still be used for the stadium, and could still result in an increase in jobs and tax revenue for the state.
Whether or not the stadium is ever built, there can be no doubt that the fight over the issue will continue. While those against the project see it as a waste of taxpayer money, those for the project see it as a minimum public investment to gain a maximum private-sector…… [Read More]
Industrialization in America
The process of industrialization can be categorized as the first step towards a social and economic transformation which affected the whole world in ways beyond comprehension. In a nutshell, the world we live in today was nowhere near what it is today before industrialization changed the face of the world. America too greatly adapted to this change and saw itself changing and advancing in the face of the new inventions and advancements. However, with the benefits of the phenomenon came some drawbacks which could not be ignored. The next sections focus on two ways in which industrialization proved to be a blessing for the Americans as well as two ways that it created problems (Alonso, 1994).
One industry that saw phenomenal changes after industrialization came about was the American agricultural industry. The farming techniques became greatly advanced and mechanization made things much easier and reduced the…… [Read More]
Terrorist Attacks on New York City
Consumer ehavior and Risk
Terrorism and Consumerism in the Melting Pot
How has September 11 Impacted Americans
Economic Impact of terrorism
Outlook for the New York Economy
Examination of the Effects on usiness
Regaining Consumer Confidence
Recommendations for Further Studies
Survey of Consumer Patterns After The September 11 attacks on the World Trade Towers
Survey Results presented Graphically
Store Owner Interviews
The Impact of the Terrorist Attacks on New York City: One Year Later Chapter 1
The attacks on the World Trade Towers on September 11, 2001 threatened the American People's sense of security in a way that had not been felt since the attack on Pearl Harbor. To say that the attacks changed the lives of many people would be an understatement. The attacks literally brought the country to a halt for nearly three days. It can…… [Read More]
While the superintendent may feel or even firmly believe that they have covered all of the bases on expenditures and other relevant issues in school budgeting, the failure to connect to other stakeholders throughout the district, who may or may not add to the data that the superintendent has prepared for presentation, is likely to result in some among those stakeholders feeling slighted or ignored and often lead to complicated budgeting which could have been avoided through simply opening the communication channels during this critical process of school administration.
SUMMARY & CONCLUSION
This work in writing has related the various aspects of the school budgeting process which are the responsibility of the school superintendent as well as relating the various concerns of school budgeting and the importance of staying connected to the stakeholders in the community of the school district throughout the entire process of school budgeting. This work has…… [Read More]
hen GM gave up control to Cerberus, they got in a pickle...It [Cerberus through GMAC] has taken away flexibility from dealers" (elch 2008). "GMAC also said it will suspend bonuses to dealers who earned the lender's Platinum designation for bringing the firm strong buyer volume" (elch 2008). This essentially discourages dealers who engage in hard-sell tactics, and encourages consumers to take on 'more car' than they can afford. But the belt-tightening comes at a time when GM desperately needs to raise its sales: "GM is burning through at least $1 billion a month. It had access to about $21 billion cash and $5 billion in available credit at the end of June but an analyst Friday said the automaker will probably need $10.3 billion in fresh cash through next year to maintain a minimum liquidity of $14 billion (Snell & Tierney 2008)
Cerberus is likely to play an increasingly critical…… [Read More]
benefit-Costs of pursuing an MA
Even though each of us has his/her own perspective of happiness and sense of life, we all agree that the integral part of these are the financial stability complemented by personal professional success. That is why we all strive very hard to achieve ambitious financial and professional goals and choose our own paths to them. ut through historical and empirical evidence it has become clear that on average, the better education one has, the better are one's chances of fulfilling the boldest dreams.
We, Americans, spend millions of dollars on our education, which we consider as investment in our human capital. According to the public opinion research conducted by the Educational Testing Service: "Nearly all (96%) adults believe that a college education is a good investment, including 72% who say it is a very good investment."
I have achelor of Sciences degree from Hampton University…… [Read More]