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
What does D.I.M. stand for?
Develop, Implement, Manage
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
Title IX prohibits the discrimination on the basis of what?
Gender
What does profit mean?
When you have more revenues than expenses
What is one key skill to management?
People skills, communication, managing diversity, managing technology, decision making, organizational politics, managing change, motivation, taking initiative
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.
What is the difference between a plaintiff and a defendant?
The plaintiff is the person who is suing and the defendant is the person being sued.
Define debt
The amount of money an organization borrows
from banks or other lenders in the market
What are the four functional areas of management?
Planning, organizing, leading, evaluating
Who provided stability and structure to baseball?
William Hulbert
Who was the earliest pioneer of sport sponsorship?
Albert G. Spaulding
What are the four elements of a valid contract?
1) Offer and acceptance
2) Consideration
3) Legality
4) Capacity
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
Define planning
Defining organizational goals and determining the
appropriate means by which to achieve these desired goals
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 are the three defenses to vicarious liability?
1) Employee was not negligent
2) Employee was not acting within scope of employment
3) Employee was an independent contractor
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