...Pay for Play: An Ethical Analysis of the Student-Athlete Compensation Dilemma Group 2: Julie Burnett Christopher Fincham Revati Kailasam Catherine Kondo Teresa Seim Ethics and Professionalism in Accounting Andrew Dill ACG 6835 Fall 2013 Introduction The college sports industry is a large industry in America which is estimated to produce $797 million dollars for the 2012-13 season (NCAA). Of these millions, not one penny will go to any of the 400,000 plus college athletes under NCAA rules (NCAA). This however, was not always the case. Prior to the formation of the National Collegiate Athletic Association (NCAA) in 1906, student groups frequently hired players without the stipulation that they must also be students at the university (NCAA). Due to these circumstances and poorly regulated play that often led to injuries, the NCAA was established to provide a safe and fair ‘playing field’ for student-athletes. However, today this regulatory board is not seen as beneficial by all members of society, and is especially negatively scrutinized by top performing student-athletes. In 2005, NCAA Football had an estimated total attendance of over 43 million compared to the NFL of over 17 million, while NCAA Basketball had estimated total attendance of over 30 million compared to the NBA of over 21 million (Humphys, 2008). Despite having more viewers, college athletes received no pay while professional players earned millions. This has prompted college athletes to argue...
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...Organizations make decisions every day, but how the solution comes about is most important. When making a decision, it should be sound, because it can affect day-to-day operations of business or even something major. Does the decision reflect solutions to problems? It can depend on the methods used to deal with the problem. This paper will discuss three styles, collective participative, logic, and persuasive and how using each one of them can assist with problem formation and identification. Once a good definition of what the problem is established, the process toward its eventual elimination can begin. (Krippendroff, n.d) Each organization is unique, but all have a common goal; to have a process in which problems are handled. Compare and contrast Logical style, collective participative style, and persuasive style are all commonly used methods in the decision making process. Logical style decision- making involves the use of facts and also logical reasoning. It involves a step by step process that thoroughly evaluates possible solutions to the problem, but in the end, the manager or whoever is in charge evaluates these possible solutions and chooses the one that he or she believes is the best solution to the problem at hand. Collective participative style involves all members of the organization during the decision making process. This style takes longer for a solution to be implemented than the other styles, but like logical style, the final decision is made by the person...
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...Decision Making Process MGT/230 February 18, 2013 Matthew C. Jordan Decision Making Process The next few paragraphs will walk through my decision making process used to purchased my home. The first step was devout myself to the process, I knew it would not be something that I could do in a matter of hours. My first step in buying my home was to select a realtor that could help me find the right home. I had to study the market and decide when would be the best time to buy. Selecting a home was not easy, after getting pre-approved for a loan; my next thing was to find a home that was a good fit. I was able to find four homes that had something that I needed. I made a list with the pros and cons of each home. I had to pick the home, which was going to be the most convenient to my job, children schools, doctors, and shopping. I was able to narrow the choice down to just two homes. The final decision was down to the area the home was located in, the price and the home that needed the least amount of work to be done. I was able to get the home, which had the most checkmarks on my list with the price that was below my budget. In the text, the process was more detail that what I used but was somewhat the same. I recognized the problem of needing to purchase a home. I did not generate alternatives to purchasing a home, such as buying a condo or townhome. I did take implantation on the decision by making securing financing before I started the search and saving money....
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...negate the certain demise of GC due to a lack support from stakeholders, insuring that the company does not have to shut down completely. Such an overall will demand careful attention to all stakeholders involved. Global Communications must take the time needed to get to the root of the problem. Recovering from the current state of destruction will mean making decisions that may not be supported initially by all parties involved. It is in these areas that GC must strive to maximize the communication process of transmitting an effective message that the company understands the concerns and questions of each stakeholder. Furthermore, GC must strive to minimize the amount of noise that will act as barrier blocking the desired communication from achieving the goal of smooth transition and plan acceptance by all. (McShane,Von Glinow, 2005) Situation Analysis Issue and Opportunity Identification The decision to outsource work to India and Ireland has been made my Global Communications as an attempt to produce a better product, decrease expenses for labor, and increase overall market value. This decision though requires effective time management for releasing of information. The company must recognize that is stands to lose all support of stakeholders because of questions that will arise as a result of deciding to move the company aboard. At this stage buy-in to the move is very important so each use of the...
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...Mini Project #1 Ci: Conscientious Innovation is a Sustainability Research Consulting Business based in Vancouver, Portland, and New York. Their objective focus is on relationships between the consumer, brands, and sustainability, in order to direct a creative and positive shift into today’s business world. Conscientious Innovation has created what is called “The Shift Report,” which is an ongoing research idea, primarily focused on psychological influences on market behavior North America. From The Shift Report, came the Sustainability Passion Index, which is a market segmented into five specified segments that relate to ones own values, beliefs, and attitudes towards sustainability. The five segments include, The Vocal Globalist, The Causal Spectator, The Pragmatic Believer, The Hyper Local, and The Self Serving Non Believer. After reviewing the Sustainability Passion Index, I am convinced that I would fall into the segment, “The Self Serving Non Believer.” The most important aspect in my life is my relationships with my family, and friends. I grew up in a culture where I inherited the idea that family and friends are of the up-most importance. They are your support and direction. Although there are times when you will be disappointed and resentful towards these individuals, it is they who are at your side to laugh and cry; to support and encourage; and to keep you grounded during times of hardship, and joyfulness. Due to the quality of my relations I find that...
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...lack of income, she was not able to see lots of the world like some of her friends. She dreams to live in New York City, which pushed her to apply to Pace University. Knowing all of this about Elizabeth, it is know surprise to find out that she has gotten accepted into four colleges; University of California, Los Angeles, Pace University in New York City, Towson University and University of Maryland. Overwhelmed by choices, Elizabeth decides look at what is most important to her about college. She knows she wants to move away from her parents to get the full affect of college, but she does not want to leave college regretting her decision, because of the amount of debt she may put herself in. Given her rational thinking, she first decides to think about the cost, distance and class size of each university. Elizabeth’s first part in her decision making process, is to calculate the cost of each school. This is...
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...day-to-day lives, we, both as people and consumers, make tons and tons of decisions. Some of them come naturally to us, like, “should I stop at the red signal?” or “should I turn off the TV before I leave the house?” Others, however, require a little bit more thought process behind them. Understanding how people arrive at their choices/decisions is an area that has received a lot of attention. Theories have been generated to explain how people make decisions, and what types of factors influence decision making in the present and future. There are several factors that also influence decision making. These may include “past experiences, cognitive biases, age and individual differences, belief in personal relevance, and an escalation of commitment” (Dietrich, n.d.). Understanding these factors may help us understand their impact on the decision’s outcome. One of the recent, most significant, decision making process that went awry for me was related to the car that I currently drive. About three years ago, my wife and I decided to purchase a new car. However, like most people, we were immediately faced with a tough choice of weather to finance or lease our purchase. Not having had an opportunity to purchase a brand new car in the past, I lacked the proper knowledge behind the concept of leasing a car. Historically I only had an option of financing, or right out buying the used car. In a typical decision making process there are five general steps; identify your goal, gather information...
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...Various sources of power were first introduced in an organised way by French and Raven (1959) which are legitimate, reward, coercive, expert and referent powers. Hersey and Blanchard (1982) further expanded it with additional two bases: connection and information. Till todays powers are separated into two groups which are personal power that stems from personal characteristics (expertise, personal attraction, effort and legitimacy) and position power obtained from the nature of one’s position (centrality, flexibility, visibility and relevance) (Whetten & Cameron, 2011). From the team setting provided, the six roles can be divided into two groups; surgeon, general practitioner and radiographer in one (high-ranking) and theater nurse, ward nurse and ward clerk in another group (low-ranking). Generally high-ranking personnel have more authority (formal power) than lower-ranking personnel (Mechanic, 1962). As such sources of power for surgeon, general practitioner and radiographer are mainly coming from the personal power group; their professional qualification background-expertise power, effort power where they have to be responsible on patients’ condition and expectations from others, plus legitimate power that they possess to save lives which is congruent with health care system objectives. Oppositely, the lower-ranking group (theater nurse, ward nurse and ward clerk) obtains much of its power in the form of positional power. The group’s broad network of both vertically and...
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...Business Decisions Risk I think can be measured. Uncertainty there is not a guaranteed outcome. I believe the business portion of a company does mold it's strategy to be competitive based more on risk. They need to be concerned with payroll, stock, production, location, distribution and anything else that effects price and appeal. They know this risk by market research. If this was a small business, then it would act as the corporate level and also be concerned with uncertainty. The corporate level of a large corporation would deal with diversity, design and implement the mission and polices to be handed down to the business of it's corporation. These are risk but they are know by development of the business plans. The corporate level (also know as the top level) could also be concerned with the competition in order to give direction to the the businesses under the corporation. If a company is located in a certain region that has "X" as the competitor, and another business that sells the same thing but has "Y" as a competitor, corporation could devise a marketing plan for the business to compete against their specific competitors. For instance if Coke's biggest competitor in the US was Pepsi and in Japan it was Jolt, the corporation could devise a marketing plan in order to address the business branch competitors. The top level determines what business we will be in. The middle and lower develop plans to support the top level. What are these called? The business on the...
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...Decision Making Paper There has been many times throughout my life that I have had to make a decision that would affect me and my family, but there is one change specifically that I will focus on in this paper and talk about the outcome of my decision and how it has affected my life today. A few years ago I lost my job which caused me to fall into a depression because no other job offers were coming through and while having a conversation with a good friend she suggested that I enroll in college being that I only had my GED and it possibly open more doors for me by having a type of some type. At the time I thought she was losing her mind because I was 39 at the time and felt like I was too old to return to school. After several conversations with her finally in September of 2012 I decided to call University of Phoenix to speak with a counselor to see what they offered and what my options were. The counselor that I spoke with was very informative and went over all my options, explained how their programs worked, and discussed financial choices as well that I would also have to think about should I decide to enroll in their school. In order to make up my mind, careful thought and decision making would have to take place. In efforts of making this possible I had to evaluate my situation and consider how the change would affect me and my household. I needed to be aware of these things so that I could make sure this was the right decision. I wanted to make sure it would not interfere...
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...Bjorn Borg Regarding: Easton management and production As a team, explore the factors that Easton management should consider before making their final decision. Write a 1-page memo to Bjorn Borg describing the analysis that the company should perform. Be sure to address the following in your analysis: What role might contribution margin per unit of limited resource play in this decision? The equation for the contribution margin per unit is: unit sales price- unit variable cost this is basically used to solve the equation when there is an unknown. For example if you have a cost structure and estimation of the sales volume for the up coming period the equation therefore predicts the profits for that period and another example would be if the firms cost structure and the equation indicates the required sales volume to achieve a targeted level of profit it the targeted profits are zero then the equation would be Q (sales volume) = FC/ Unit contribution margin. Should the marketing department be involved in the decision-making process? How important is consumer demand? Yes its very important that the marketing department be involved in the decision making process because they are involved in the forgoing of a plan for the firms marketing activities and it could pertain to one item or many throughout the business. It is important to consumer demand because they conduct the research to where this product would be most successful and useful and who will be able to afford...
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...Starting up a new business can be both demanding and rewarding, and for those looking to establish themselves in the world of retail, the choice can present unique challenges. There is the initial decision over whether to establish the business as either a bricks-and- mortar operation, or whether to go completely online. Then there is the competition - the retail sector is tough and it is worth bearing in mind that any business no matter how unique, is going to have to compete, not just with similar retailers but with a wide variety of different shops for the consumer spend. For this task you are required to develop a report which will guide the audience through the process of setting up a business. The first part of your report should include the following: 1.1: Discuss the range of decisions to be taken. AC 1.1. 1.2: Examine the information and knowledge needed to ensure effective decision taking AC 1.2. 1.3: List internal and external sources of information and understanding. Assess these sources and justify their suitability and reliability in relation to the business start up. AC 1.3 1.4: Recommend any improvements in the methods used in the selection and analysis of information needed for the business start ups. Justify your answer. AC 1.4 For the second part of the report you are required to develop strategies to increase your personal networking skills and your involvement in the decision making process. 1.5: Identify stakeholders for a decision-making process in...
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...Decision-Making Process Decision making is a significant part of everyday life as every action is a reflection of any and all decisions. Life in itself demands for various decisions to be made, therefore decision making becomes a key element to all aspects of one’s life. Such decisions that do bring critical attention to the conscious mind are; career, school, managerial, financial, and family decisions. These decisions play a critical role in ones’ future just as much as in their past and present. Waking up in the morning, brushing your teeth and walking out the door or staying in for the day are some of the smaller decision made, however are just as important. Without decisions there is no action, and without action what is life? Purchasing a car is one of the grander decisions to be made as an adult. Not every adult finds themselves in this position but majority do reach this one point of their life. In some cases life obligates you to make this difficult decision in order to keep the sanction of your lively hood. For example: Ted’s current car has blown its engine and now he is without a car. Currently he has saved enough money to build some type of financial cushion and the thought of utilizing the majority of this financial cushion is not sitting with his conscious to well. On the other hand, Ted knows that he needs a vehicle to get to work every day, to pick his kids up from school, and for personal errands and weekend family time. Ted realizes that a car is not a want...
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...Decision-Making: Guillermo Furniture Store Scenario Decision-Making: Guillermo Furniture Store Scenario Located in Sonora, Mexico, Guillermo Furniture has been successful and reputable in the region as a provider of premium handcrafted products. Decisions must now be made by Guillermo Navallez as to whether he should adopt computer technology, transition from a manufacturer to a distributor for a Norwegian company, or change his furniture market line to include flame retardant finish. This involves a detailed analysis of the operating budget and analysis of market performance. Navallez will need to consider ethical issues he may face within the organization. Finally, Navallez will examine the business tools most pertinent toward making an informed business decision. Budgets and Performance in Decision-Making Authors Horngren, Sundem, Stratton, Burgstahler, and Schatzberg (2008) identify a budget as a method for a company to employ when it is estimating revenue, expenditure and profitability. Navallez is in the process of exploring the decision to cut workers and use mechanical devices. While the initial cost of the high tech equipment would be significant, with the aid of a budget report, Navallez can compare net revenue and decide the best option. A performance report will also assist Navallez as it will help to assess risk, cost, and industry comparisons. Navallez will be able to use income statements to compare and estimate profitability. In...
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...Phoenix 07/31/11 The primary tools provided in the critical thinking and decision-making simulation included research analysis provided by the organization and a decision-making matrix. Although these tools provided the framework for applying critical thinking activities they did not provide the additional tools to support long-term goals. Starting with assessing the problem, the research provided several issues with varying levels of urgency and critical nature. The simulation uses importance weighing to formulate the problem based on identifying the most urgent and critical issues. Although the tools provide support in identifying the most critical issues, they did not help establish whether the issues were affects of another problem. For instance, low sales at the Creedenhill location are an urgent and critical issue, but is only a result of the product mix and customer desire. Alternative tools such as flow charts and cause and effect diagrams work well for establishing problems that need to be addressed. The decision-making process in the simulation provided solution elements to choose from in order to create a comprehensive solution that addresses all of the key issues. The research provided great considerations to support the possible solutions. Logical approaches that combine solution elements to formulate a comprehensive solution assist the decision-maker to make thorough decisions based on the potential choices. As with the problem identification exercises,...
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