Leadership/Mgmt
Define Scientific Management
Workers should not be doing the same job different ways, but instead in the “one best way” - more focused on the process
What country is considered the birthplace of modern sport?
England
What are the four Ps of sport marketing?
Product, price, place, promotion
The biggest difference between ethics and morals is that ethics is ________ and morals are _________.
Individualized or personal
Public expectation/societal norm
What does ROI stand for?
Return on investment
Human Relations Movement
What was the earliest example of the club management system?
Thoroughbred racing
Sport marketing includes the marketing of what four things?
Products, services, entities, staff
What are the four steps in Rests' ethical decision-making process?
1. Recognition
2. Judgement
3. Intent
4. Act
What does profit mean?
When you have more revenues than expenses
What are the four functional areas of management?
Planning, organizing, leading, evaluating
Who founded the modern Olympic Games?
Pierre de Coubertin
What is a target market?
A specific group of consumers to whom a product or service is marketed.
When defining consequences, they must by _________ and ________?
Define debt
The amount of money an organization borrows
from banks or other lenders in the market
What are the three elements to weigh when considering a leadership style?
The leader, the subordinate, the situation
Who provided stability and structure to baseball?
William Hulbert
Who was the earliest pioneer of sport sponsorship?
Albert G. Spaulding
What is the difference between relativism and absolutism?
Absolutism - Argues that moral precepts are universal – that they are applicable to all circumstances
Relativism - Argues that what is moral depends on the situation
What are the two primary functions of an organization?
1) How an organization generates the funds that flow into that organization
2) How these funds are allocated and spent once they are in the organization
Which form of leadership is viewed as the "old" approach and which form is viewed as the "new" approach?
Old - Transactional
New - Transformational
What are the three different kinds of league structures we discussed?
Oligopoly, hierarchical, and single-entity
What were Bill Veeck's two philosophies when it came to product promotion?
1. Fans came to the ballpark to be entertained
2. To build a loyal fan base, the experience of attending a game had to be pleasurable
What is critical to decrease corruption and resolve ethical dilemmas?
Communication
What is a balance sheet?
A financial statement that summarizes an
organization’s assets, liabilities, and owner’s equity at any given point in time