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Making Decisions for Strategic Advantage - Assignment Example

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The author of this assignment "Making Decisions for Strategic Advantage" touches upon the idea explained by Zimbalist who argued that the objective of members of sports teams is essential because of the influence it has on the behavior of the team members and the performance of the league…
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Making Decisions for Strategic Advantage
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Extract of sample "Making Decisions for Strategic Advantage"

Download file to see previous pages 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 in providing a new market for a branded product.
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 a well-liked and successful sports team. Media publicity accounts for the reasons the team owners are motivated to invest in sports 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 an 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 sports 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 the 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 various concepts of team ownership motivations discussed above critically imply that the motives and objectives behind team ownership may shift with time, specifically when the values of authorization hit high. The different motivation concepts also advance the notion that the ownership motivations and objectives of teams within a particular league may differ.
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