Cause/Effect - Essay Example

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The businesses of the world rely on a constant flurry of activity and exchange of monetary considerations in order to remain effective and beneficial to all the parties concerned. In order to keep the money machine rolling, certain concessions and agreements must be reached by…
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Download file to see previous pages Such disagreements are common in the world of business. However, these type of management problems get magnified a thousand fold when it happens in the world of sports because of the way sports seasons have become a part of and a way of life for the avid fans of the games. Therefore, such problems have a profound effect on the sports in terms of lost manpower / player hours and economic revenue for the sports team and stadium owners.
In order to understand how these sports labor disputes occur, one must first become familiar with the term Collective Bargaining Agreement and what it stands for. In any area of business wherein there are large numbers of employees who have common interests at stake, they are forced to form unions whose sole job it is to represent these varied employee beneficial goals with management. As a collective group, it becomes much easier to lay their needs on the table and present a unified solution to the problem to the representatives of the management side. A bargaining procedure is then enacted wherein the two parties must find a way to reach their economic earning goal without being unfair to their party. The end of these series of negotiations results in an agreement that the employees and employers sign a legal document for in order to formalize their meeting of minds and interests. This is what becomes known as the Collective Bargaining Agreement or CBA.
It is important for sports teams to have a CBA in place in order to insure the smooth flow and number of games played during a regular season. Without an effective CBA in place, the players may choose to go on strike, better known as a lock-out in sports lingo, in order to gain better benefits for themselves as employees. However, such situations have an adverse effect on the popularity of the sport overall because avid sports fans who get disgruntled by the lack of play time during what should have a regular season ...Download file to see next pagesRead More
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