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Management in sport industry - Essay Example

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In the paper “Management in sport industry” the author analyzes new perception of management. In sports management business, the method for success is to create authority and make decision with possible involvement of all members in the organization…
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Management in sport industry
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Download file to see previous pages And, vertical acquisition takes place when any sports organization purchases the distributors or suppliers. It is more beneficial as it can provide supreme control over products of the organization.
Stability Strategy: The stability strategy in sports organizations includes raising the cash flow from the business entity by extracting the assets and directing to the fields such as maintenance, research and advertising.
Defensive Strategy: Defensive strategy is at times expressed as ‘decline strategy’. An organization employs this strategy when the demand of products or services of a particular sports organization starts to decline. Sports organizations attempt to resurrect the condition and revive.
Combination Strategy: Combination strategy is the most renowned strategy in sports industry. In this strategy, an organization attempts to grow certain divisions of their business and simultaneously decline the contribution in other fields.   
Sports companies can use several strategies for business expansion. It can be accomplished by merger, conquest and joint venture.
Business Level Strategy
Business level strategy focuses on competing within specific business. In sports business, every division frames its own strategy. The following picture demonstrates the connection between the corporate level and the business level strategy.
Business level strategy is applied for accomplishing competitive advantage for any service. According to Porter, an organization can select three business level strategies which are. ...Download file to see next pagesRead More
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