...Real Madrid Club de Futbol Real Madrid Club de Futbol Case Study by Kurt Eschbacher Abstract The case study is about one of the best known and best playing soccer team in the world, Real Madrid. It tries to backlight the myth of soccer and the tremendous merchandising system behind soccer. Especially the era of Florentino Pérez, who brought a new dimension in managing and merchandising soccer clubs to Spain, will be analyzed in detail. soccer The game What makes a team like Real Madrid so interesting for sponsors and fans worldwide? What makes soccer so interesting for us? Soccer is the world’s most popular sport. Nearly every child kicked a soccer ball once in his live. More than 240 million people play at least once a week. Such a big sport needs a big parent organization in its background. This job is done by the Fédération Internationale de Football Association (FIFA). The FIFA which was founded 1904 in Paris established a unified set of rules. This rules are easy to understand and are of course one of the reasons why soccer is so popular all over the world. Also the time a soccer game lasts is defined by the FIFA, its two halves of 45 minutes split by a 15 minute brake. In elimination games an overtime of two times 15 minutes and also a penalty shoot-out at the end of overtime is possible. This is a big advantage for sponsors and TV broadcasts compared to other sports like American football or boxing...
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...Unit 3 Managing the economy Steve Margetts CONTENTS Aggregate Demand (AD) Aggregate Supply Equilibrium Between Aggregate Demand And Aggregate Supply Consumption And Savings Investment Government Spending Exports and Imports Objectives Of Government Macroeconomic Policy Inflation Unemployment Economic Growth Balance of Payments Conflicts Between Macro Economic Objectives Demand Management or Supply Side? 2 4 9 11 17 25 29 31 34 50 71 80 84 87 Page 1 Unit 3 Managing the economy Steve Margetts AGGREGATE DEMAND (AD) Aggregate demand (AD) is the total demand for goods and services produced in the economy over a period of time. DEFINING AGGREGATE DEMAND Aggregate planned expenditure for goods and services in the economy = C + I + G + (X-M) C Consumers' expenditure on goods and services: This includes demand for durables & non-durable goods. I Gross Domestic Fixed Capital Formation - i.e. investment spending by companies on capital goods. Investment also includes spending on working capital such as stocks of finished goods and work in progress. G General Government Final Consumption. i.e. Government spending on publicly provided goods and services including public and merit goods. Transfer payments in the form of social security benefits (pensions, jobseekers allowance etc.) are not included as they are not a payment to a factor of production for output produced. A substantial increase in government spending would be classified as an expansionary fiscal policy...
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...styles assessments that Ashley completed showed that she has a multimodal learning preference. This means that she can use multiple learning strategies to her benefit when learning. Although she is a multimodal learner, some of her strengths include linguistic, kinesthetic, tactile, and intrapersonal. To strengthen her learning and studying habits to meet the demands of college, she should apply her strengths when preparing notes, making real-world connections to better understand topics, and when managing time to study. Preparing notes is the first step to student success. Taking notes during instructional time taps into Ashley’s linguistic style of learning. According to www.edutopia.org (2015), verbal-linguistic intelligence...
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...scheduled performance (refer to exhibit 2). Explain why the “significant” (ex. top 3) variances occurred. 4) Resources What was your strategy for resource selection? Did the strategy change over the duration of the simulation? (if so, how?). How would you rate / assess your project team (overall, top performers, worst performers)? 5) Managerial Actions / Training You had various training courses and a menu of managerial actions available during the simulation. Comment on your use of each, how much money was spent on each, and the results of each (you can speculate if you cannot identify direct results). Discuss if you wished you had used these options differently. 6) Simulation vs. Real World Discuss three similarities and three differences between managing real-world projects and playing the SimProject simulation. 7) Lessons Learned Discuss your “top 5 lessons learned” from SimProject. Structure these as “key tips for future students playing SimProject”. At least one of...
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...Riordan Manufacturing Corporate Compliance Plan Riordan Manufacturing has three operating sites; Georgia, Michigan and California. Riordan Manufacturing was founded by Dr. Riordan. With a background in chemistry; Dr. Riordan acquired numerous patents pertaining to creating plastic goods. This paper will focus on a corporate plan for Riordan Manufacturing. Riordan Manufacturing Corporate Compliance Plan will include managing the legal liability of officers and directors of Riordan Manufacturing. Also The Corporate Compliance Plan will address the laws pertaining to Riordan Manufacturing, the rights Riordan Manufacturing employees have and how and who to turn to in case a lawsuit is brought against Riordan Manufacturing. In order for Riordan Manufacturing to be in compliance; Riordan Manufacturing must adhere to all laws set by the government. An Internal controls and corporate governance system will help Riordan Manufacturing executives make sure that all employees working for Riordan Manufacturing obey all government laws and industry practices when conducting company assigned duties. An Internal controls and a corporate governance system ensures that Riordan Manufacturing policies, procedures, and government laws are followed. An effective enterprise liability starts with Riordan Manufacturing take responsibility for wrong doings that happen within Riordan Manufacturing. In order to prevent any wrong doings Riordan Manufacturing must ensure all company workplace...
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...Computer Technician? Being a computer technician is fun, but it also have its own side effects. A computer technician is dealing with tons of problem at the same time in his head, which can make him go crazy, but it could also make him rich. A student also undergoes a series of tension throughout his academic career, which can also make him crazy, but wouldn't give him a dime. Thus, students and computer technicians have some similarities and differences between them. In order to avoid the tension, they both needs to be time managing, hardworking and also generate a sense of responsibility within them. Time management is a required skill for both students and computer technicians. As of students, they need to sign up for classes on time, submit assignments on the due date, and also attend the classes on time. A student also needs to have a balance between his job and school agenda. In order to be a computer technician, one needs to be time managing because they go to different locations on the same day, and they don't want to arrive late for their work. If by chance, the technician gets late in one place, then the rest of his assignments will be late too. A computer technician shouldn't be late because there could be a lot of lives who are depending on his job for living, whereas a student mustn't be late because it might ruin his own life by not giving importance to the skill of time management. Both students and computer technician should be hard working in order to achieve...
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...MANAGING FOR STAKEHOLDERS: TRADE-OFFS OR VALUE CREATION1 One of the central uses of stakeholder theory, in its original form, was as a counterpoint to the idea that corporations should be managed in the interests of shareholders. As the theory developed the debate was often framed in terms of “shareholders vs. stakeholders.” While developing “theories of the firm” is an interesting and useful project, focusing solely on “theory of the firm” obscures a more important contribution of stakeholder theory. The purpose of this brief essay is to set forth what I consider to be the central insight of stakeholder theory: the jointness of stakeholder interests. The Basic Idea The basic idea of “managing for stakeholders,” as I now see it, is quite simple, and I believe it is closer to the origins of the idea from Eric Rhenman and the Tavistock thinkers. In fact, Juha Nasi was correct in his assessment of the Scandinavian origins of the stakeholder idea that focus on what holds stakeholder interests together. Nasi originally suggested that we focus on “intressent” in Swedish. “In Finnish this term was modified as “intressentti” or “sidosryhma” which could be translated as an “interest group” or even as a “linkage” or “bonding” or “binding” group.” (Nasi, 1995 at 98) It is this bonding or binding idea that is most interesting to explore. Managing for stakeholders asks us to see stakeholders as “bound together by the jointness of their interests.” So, the basic idea goes like this. Business...
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...Introduction This report is engendered to analyze the functions, procedures and operations that Canadian Freightways participate in order to sustain synergy between CF and its customers, its views on outsourcing, as well as the efficiency of its operations. However the real question is; is CF taking all possible measures to fully satisfy their customer’s requirements? Are there areas within CF’s internal controls that could be altered in order to improve and provide a better experience for their customers? If not, what are the externa factors and how could outsourcing be used to capitalize on these areas of structural weakness? In addition to establishing possible solutions an examination of Canadian Freightways practices will be analyzed to determine what steps are taken to resolve all barriers of customer fulfillment, and in addition a breakdown of a make or buy analysis will define Canadian Freightways approach to outsourcing. This report will also include an evaluation of the approaches CF takes to ensure effective and efficient operations and how these activities deliver customer value. Finally a few suggested recommendations will be produced to help improve the organization’s customer fulfillment and overall success. Canadian Freightways and Outsourcing Why must Canadian Freightways outsource and what are benefits to having work operations and product production completed “in-house” (Make or buy decisions Investopia) rather than by another company? When analyzing...
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...Management Information Systems: Managing the Digital Firm, (12th Edition), by Kenneth C. Laudon and Jane P. Laudon. The case studies are varied and entitled, “Reality Gets Better”, Chap. 11, p, 429; “The Flash Crash: Machines Gone Wild?”, Chap. 11, p. 439; and “Piloting Valero with Real-Time Management”, Chap. 12., p. 476. Business and Support Systems Case Studies Reality Gets Better 1.1. The differences between virtual and augmented realities are very distinctive. With virtual reality the person experiencing the alteration often wears some type of head gear or device to facilitate the change in realities from normal to virtual. With augmented reality (AR) they have a cognitive presence in the real world while experiencing and enhanced perception of reality so the view of the surrounding “reality” is augmented, to become interactive with and improving it (Laudon & Laudon, 2012). 1.2. Marketers actively embracing AR as an “icing on the cake” as it were, to their media advertisements and articles by attaching interactive print and designs to magazines Laudon & Laudon, 2012). For example, such as Sports Illustrated did with its annual swimsuit issue enabling readers to scan editorial pages and thereby being able to access behind-the-scenes videos (Tode, C., 2012). 1.3. AR is so attractive to marketers primarily for its video streaming capabilities particularly in areas such as real estate for virtual real-time home tours rather than...
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...Explain giving reasons, which is more important, applied or basic research PG 14 # 5 Research Methods * By totoqais * Oct 17, 2012 * 516 Words * 207 Views Chapter 1 : Q1. Why should a manager know about research when the job entails managing people, product, events, environments, and the like? Q2 .For What specific purposes is basic research important? Q3.When is applied research, as distinct from basic research, useful? Q4.Why is it important to be adept in handling the manager-researcher relationship? Q5.Explain, giving reasons, which is more important, applied or basic research. Q6.Give two specific instances where an external research team would be useful and two other scenarios when an internal research team will be deployed, with adequate explanations as to why each scenarios is justified for an external or internal team. Q7.Describe a situation where research will help you as a manager to make a good decision. Chapter 2 Q1 describe the hallmarks of scientific research. Q2 What are the steps in hypothetico -deductive research ? explain them, using an example not in the book. Q3 One hears the word research being mention by several groups such as research organization, college and university professors, doctoral students, graduate assistants working for faculty, graduate and undergraduate students doing their term papers, research departments in industries, newspaper reporters, journalists, lawyers, doctors, and many other professionals and nonprofessionals...
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...Classnote Prof. Gordon Bodnar Techniques for Managing Exchange Rate Exposure A firm's economic exposure to the exchange rate is the impact on net cash flow effects of a change in the exchange rate. It consists of the combination of transaction exposure and operating exposure. Having determined whether the firm should hedge its exposure, this note will discuss the various things that a firm can do to reduce its economic exposure. Our discussion will consider two different approaches to handling these exposures: real operating hedges and financial hedges. Transaction Exposure Financial Techniques of Managing Transaction Exposure Transaction exposure hedging should have been discussed in some detail in the previous international finance course; however, we will briefly go over the standard financial methods available for hedging this exposure. The main distinction between transaction exposure and operating exposure is the ease with which one can identify the size of a transaction exposure. This, combined with the fact that it has a well-defined time interval associated with it makes it extremely suitable for hedging with financial instruments. Among the more standard methods for hedging transaction exposure are: i) Forward Contracts - When a firm has an agreement to pay (receive) a fixed amount of foreign currency at some date in the future, in most currencies it can obtain a contract today that specifies a price at which it can buy (sell) the foreign currency at the specified...
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...ii) Are there some things relevant to management which you’re already good at that you’d like to build on? a) Your hopes and ambitions i) Is there a career move that you would like to make? ii) Are there some things to do with managing which you’d just like to be better at? Area I summary: You Area II: Thinking about your work or practice context II) a) Your role, current challenges and ideas for improvement i) What are you currently responsible for? ii) Where are there ‘pinches’, problems or opportunities for improvement? iii) What wider issues in your workplace do you think require attention? How might you be involved? a) Things you may be asked to do over the next 30 or so weeks i) Have you got a project coming up that will challenge your managing skills? ii) Has your own manager specified any particular areas that they would like you to develop? b) Your authority to manage things i) Where do you have most autonomy and authority? ii) Where are there real constraints on your scope for doing things differently? c) People...
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...How well does the simulation actually simulate real life? What types of things are included that you would not have thought of? What sorts of things are important in cities that are omitted in the situation? At the start of the game, I am allowed to choose the type of terrain for my city by adjusting the number of water bodies and how hilly or flat the land is. This would suit the type of city that I would want to construct, as hilly terrains would not allow the construction of certain types of infrastructure. In real life, this cannot be done as the location is fixed and cannot be altered easily. Humans have to adapt to their environment around them and not the other way round. Also, the city that I construct is in isolation and is not minutely affected by neighbouring cities or global economies. Resources and people transfer from city to city and an individual city will be affected and plays a role in the larger regional sphere. This is not simulated in the game, which takes away a vital component of running a city in real life. Also, there is a pause button, which allows you to halt the progress of the game so as to allow you to solve various problems and continue once they have been fixed. The real world does not stop for a single moment, and problems and conflicts may arise at any time. Nevertheless, the game also included many things that try to simulate real life, such as natural disasters to create chaos or problems within the city. Thus, the game allows one to have...
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...Introduction In general, the role and duties of corporate directors are to manage company affairs, holding the board of directors meeting, and selecting the managing director or CEO to operate the company. Yet, in real world, the directors will abuse their power to exclude minority of directors, or make selfish decision with their own sakes of interests in the expense of company interests. For example, managing directors will maximize their director fees without the paying of dividends, or excluding the minority of directors by voting. Because of that, the legal system allows shareholders to take “derivative actions” to balance the power of directors. Derivative actions are the effective tools to solve this problem. However, it is not well proven in the real world. The purpose of protection and effect on company of derivative actions in practice will be discussed. Derivative Actions There are two types of derivative actions, common law derivative actions and statutory ones. For common law derivative action, it is taken based on case laws such as Foss and Harbottle case. In this case, two shareholders, Richard Foss and Edward Starkie Turton claimed the board of directors decided to misuse the land in Manchester of company which made company wasted many on the mortgage. Then, they sued the five directors because of their misbehavior, on behalf of company to claim the remedy. Finally, the case is dismissed. Thus, there are proper plaintiff rules and majority rules applied...
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...The Virtual Employee For Orange Business Services Jonathan Golby Session: March 2010 Professor: Frank Castanon TABLE OF CONTENTS The Telecommuter 2 Introduction 2 Definition of Telecommuting 2 Overview of Orange Business Services 3 Company Background 3 Operations Background 3 Current Issues 4 Managing Employees Virtually 4 Managing Real Estate Costs 5 Investments in Technology 5 Increase Work Productivity and Family Balance 6 Proposed Solution 6 Voice over IP 7 Laptop Computers 7 Multifunction Devices 8 Video Conferencing 9 Network Security 9 Reccomendations 10 Conclusions 10 Implementation Schedule 12 The Telecommuter Today’s office environment is constantly evolving. Employers are always looking for ways to cut costs as well as at the same time increase employee moral by improving the work life balance. There are many benefits of having employees telecommute; these items include real estate cost savings, improved motivation, increased productivity and skill retention. Along the same lines, there are many advantages for the employee such as flexible hours along with reduced travel time and commuting costs. With any business situation there also disadvantages, for both the employee, and the employer. Some of these disadvantages include, how to manage employee’s virtually, and costly investments in technology. In order for the executive committee to fully understand telecommuting we must define what the concept of telecommuting is. ...
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