We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Economics and business strategies - Research Paper Example

Comments (0) Cite this document
Essay Question: 1. Using not more than 2500 words, explain the contributions of key authors in TWO (out of three) of the precise topic areas noted below. In each case demonstrate a critical appreciation of the author’s analysis. • Kirzner’s (1997) conception of entrepreneurship in the conduct of new strategies • Zimbalist’s (2003) explanation of different owner motivations of sports teams…
Download full paperFile format: .doc, available for editing
Polish This Essay95.8% of users find it useful
Economics and business strategies
Read TextPreview

Extract of sample
"Economics and business strategies"

Download file to see previous pages Practically, the objective of the team owners differs depending on the nation, league and the team. Further, the objective of the team members is significantly affected by the relation of the team to additional assets of the team owner. Consequently, Zimbalist presents that there is no league, which has all the members with equal motivations as well as objectives; therefore, the generalization that leagues can have members with similar motivations and objectives is inconsistent and imperfect.i On the other hand, a corporate-guided market is a form of a dominant market through which abundance is achieved. Through corporate guided markets, aggregate spending is also conducted. In order to understand how this market works, it is crucial to put into consideration how corporations succeed at providing a new market for a branded product. Discussion Zimbalist’s Explanation of Different Owner Motivations of Sports Teams Concept of Competitive Balance and Different Owner Motivations Zimbalist illustrates various concepts that motivate team owners in their business. First, he states that the team owners are not primarily motivated by the quest to make profits. Certain team owners are motivated by the social prestige so that they seek to be associated and identified with well-liked and successful sports team. Media publicity accounts for the reasons the team owners are motivated to invest in sport teams.ii Even though profit making is part of the business objectives, it does not count as the leading motivation behind such kind of businesses. The push for power, aspiration for prestige, predisposition to team identification and associated feeling of team loyalty drive and motivate the team owners to invest in league business. In addition, the other motivational reasons for team owners that equate to social prestige include personal fulfillment and enjoyment, commitment to professional sports and satisfaction found in sports.iii Second, a part of the team owners is motivated by the pursuit of profits in sports business. Team owners may be motivated to invest in teams for nonprofit making reasons, making such team owners to be perceived as philanthropists. In contrast, some team owners are primarily motivated to achieve profits out of their investments in the teams. The behaviors revealed by the team owners in pricing regulations and the player salaries demonstrate that profit maximization also accounts for team owner motivations in sport teams. Nevertheless, the ownership motivation involving profit maximization has various inconclusive dimensions to support the hypothesis.iv Third, team ownership is motivated by the need for successful business tycoons to advertise the business products and seek approval of the community in the business they operate. The sports teams are used by these businesspersons to commercialize their ventures in sports sphere.v Furthermore, Zimbalist asserts that team ownership is motivated by the need to publicize business ventures and seek refuge in the federal tax legislation’s development.vi The ownership of teams offers business tycoons tax sheltering opportunities unavailable to other types of ventures. Generally, the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Economics and business strategies Research Paper”, n.d.)
Economics and business strategies Research Paper. Retrieved from https://studentshare.org/business/1400082-economics-and-business-strategies
(Economics and Business Strategies Research Paper)
Economics and Business Strategies Research Paper. https://studentshare.org/business/1400082-economics-and-business-strategies.
“Economics and Business Strategies Research Paper”, n.d. https://studentshare.org/business/1400082-economics-and-business-strategies.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Behavioral economics & game theory in managerial microeconomics
Managerial economics is based on the assumption that formulation of logical managerial decision is possible. Managers are enabled to make rational decisions, their decisions become imperative component of organization success. Concepts of the game theory and behavioral theory, that facilitate process of decision-making is considered in the paper.
10 Pages(2500 words)Research Paper
Business Economics
National income accounting is an aggregate measure of the outcome of economic activities. The most commonly used measure is the gross domestic product (GDP) which represents the aggregate production of goods and services at market value. There are some serious limitations in how it represents our standard of living.
3 Pages(750 words)Research Paper
Economics for Business: Individual Portfolio
tion of price and output? There are two methods of determining where a company’s profit is maximized: 1) One method is to calculate the maximum total profit by subtracting Total Costs from Total Revenues for each level of unit output in order to determine at what level of production maximum profit occurs.
8 Pages(2000 words)Research Paper
Business Strategies Paper
Organizations have increasingly realized the importance of competitive advantage and how it comes with intangible, knowledge and capabilities, and the relationships created and generated by employees within the organization and rather from making investments in physical assets and access to capital.
9 Pages(2250 words)Research Paper
Business Strategies
Now company wants to expand its business in western and southern part of United States, which requires a proper understanding of the changing needs of its customer group. Kohl’s Corporation has adopted a selective approach for its store location; that is always located in the heart of soccer mom country.
6 Pages(1500 words)Assignment
Labor Economics
The knowledge that an employee possesses originates from either classroom or on-job-training and more often both. In the recent past, there has been a great controversy as to whether on-job-training or school education is more effective in equipping an employee with effective working knowledge.
3 Pages(750 words)Research Paper
Economics for Business Research Paper
Currently, Oqo has gained popularity and wide acceptance in the market where it operates by its commitment in product innovation which highlights the importance of offering new features within its line. Since its establishment, the main goal of Oqo has always been to "transform personal computing in the same way that mobile phones revolutionized telecommunications" (About Us 2007).
6 Pages(1500 words)Research Paper
Business Environment and Economics
However, if one charges 10, whilst the other charges 11, the lower priced outlet sells 1600 per month and higher priced outlet sells only 360. In the given instance, which represents a classic example of "prisoner's dilemma, the dominant strategy for say player Hiphop is to price his product in such a way that he maximizes his profits irrespective of what Gerries does.
12 Pages(3000 words)Research Paper
Much effort is dedicated in tracking movements in competitive balance over time. It is debatable that the degree of competitive balance has its shadows over the uncertainty in results in sports leagues which in turn have its effects on the support or
6 Pages(1500 words)Essay
rity faced by countries and businesses, and organizations should fend off the present information security risks that arise from disgruntled workers who release sensitive information, cybercriminals or people who engage in online fraud (Peltier, 2005). Even though the
3 Pages(750 words)Research Paper
Let us find you another Research Paper on topic Economics and business strategies for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us