...Governance in Sport and the corruption of the IAAF (International Association of Athletics Federation) Introduction This report is going to analyse the corruption of the international association of athletics Federation, and will evaluate the practice that this sporting organisation carries out. The best practice in other organisations will be compared to the IAAF and will make recommendations for the future from other organisations in order for this company to improve. The IAAF have faced challenging, governing and integrity issues since the end of 2014, throughout 2015, and now even into 2016. Decades of doping scandals and conspiracy charges have been made public and the IAAF have a lot to answer to in order for operations to return back to normal. The article in which I will be evaluating is titled; Athletics Doping Scandal: Blood experts criticise IAAF Claims. It was published on the 28th November 2015, and gives an insight into the corruption of the IAAF and if misconduct is taking place over the world; it can be accessed via http://www.bbc.co.uk/sport/athletics/34953362 Governance in a sporting Organisation Governance plays a key role in all sporting organisations, it promotes ethical principles of conduct and helps to allow companies to work in regulations of the correct code of practice. International sporting organisations and leaders see governance as somewhat a critical challenge, this is because of the increasing repetition of corruption, match fixing, and doping...
Words: 1675 - Pages: 7
...Assignment 5 In this chapter it talks about professional sport. Professional sport industry creates events and exhibitions games for athletes to compete. Professional sports also create leagues and tours in the sport industry. Owners that own professional teams they make a lot of revenue. The reason is they have a fan base and if they have that they are going to buy merchandise and tickets to come to the game. In North America sports have very popular. The sport industry is a billion dollars business. The corporate governance model owners act board of directors and the commissioner act as the chief executive officer (CEO). This system was created by Lentze in 1995. Because back than many teams organized themselves into a self-governance. The first professional league was the National League in North America it was created by Jennings. Being a Commissioner does not mean that you are control of a team or owners. The Commissioner has direct supervision and control the corporate board. Also his job is to make rules and regulations for the league. A commissioner must able to make decisions and sometimes they can be tough. Being a commissioner is a hard task because you’re dealing with all the teams in your league. The single-entity structure a model of league ownership in which the league is considered as a single entity to avoid antitrust liability and to create centralized fiscal control. I think it is a good structure because it allows players negotiate with teams. Also it protects...
Words: 394 - Pages: 2
...Assessing the Goal of Sports Products, Inc. Lance Langdon University of Phoenix FIN/419 J. Jesse Conques, Facilitator March 15, 2009 Introduction Sports Products Inc. is an important manufacturer of boating gear and accessories. The textbook case under consideration centers on the clerical assistant - Loren Seguara employed by the company’s accounting department. Another personality in the case is Mr. Dale Johnson employed in the company’s shipping department in the position of packager. The dilemma in the case concerns the complaints of Dale and Loren’s discussion during their lunch break concerning profits and stock dividends. Dale grumbled that even though he was working hard to keep overhead costs down in his department; he did not feel the company was recognizing his efforts. While performing his duties Dale feels he is putting his best efforts toward his perception of cost control by not wasting packing supplies and as well as using company property in an efficient and in a cost-effective manner. However, even though Dale feels he is carrying out his work with full efficiency as is his group of co workers in his department, the result is a downturn in the company stock price by almost $2 a share over the last nine months. What should the management of Sports Products, Inc. pursue as its overriding goal? Why? The overriding objective of the company management of Sports Products needs to focus on how to maximize the assets of the...
Words: 1239 - Pages: 5
...1. Introduction 2 Types of strategy Corporate strategy Diversification Vertical Integration Takeover Entry into new business segments Disinvestments Role of headquarter Competitive strategy Product strategy Advertising measures Price strategy Make of buy Innovation strategy Building up market entry barriers Usage of economies of scale Building up alliances Competitive advantages 1. Company 2. Competitor 3. Customer Unique Selling Proposition The unique feature of a product, which enables to have a competitive advantage over other providers. The marketing concept of the unique selling proposition facilitates the successful promotion of products. Highlighting of an outstanding product feature supports the company in positioning their products and helps to convince consumers of its benefits. Different ways of value of the headquarter 1. Stand-alone Influence Separate influence on the strategies and the performance of the particular business fields 2. Linkage Influence Creating synergies by taking advantages of existing relations between business fields 3. Central Functions and Services Avoidance of redundancies by providing cost-efficient centralised services 4. Corporate Development Design of the business portfolio through purchase, sale and restructuring of business fields Business design The totality of how a company selects its costumers, defines and differentiates its offerings, defines the tasks it will perform itself and those it will outsource, configures its resources, goes to market,...
Words: 2100 - Pages: 9
...Contents Chapter 1…………………………………………………………………...….3 Introduction…….………………………………………………………………...4 Nike’s Journey…….……………………………………………………………...5 Financial Overview…….…………………………………………..……………...6 Chapter 2…………………………………………………………………...….7 Internal & External Environment Analysis…………..……………………………….8 SWOT Analysis………………………………………………………….…….….9 Challenges faced by Nike………………………………………………………….11 Strategic Implemented for Rectification………………………………………….….13 Chapter 3…………………………………………………………………..….16 Leadership Hierarchy……………………………………………………..…...….17 Chapter 4…………………………………………………………….…….….21 Nike Core Competencies…………………………………………………..………22 Value Chain Analysis……………………………………………….…………….24 Chapter 5………………………………………………………………….…..26 Cooperate Governance……………………………………………………………27 BIBLIOGRAPHY……………………………..………………………….….30 C C hapter hapter 1 1 Introduction “Everything you need is already inside. Just do it” * Bill Bowerman (Fabrega, n.d.) “NIKE”, one of the most synonymous names with the sporting world, was initially established as Blue Ribbon Shoes in 1964. The brand was started by Bill Bowerman and Phil Knight at the University of Oregon; where the former was the latter’s track and field coach. (10 things you did not know about Nike, 2011) During Phil Knight’s time at Stanford University, he wrote a paper on ending German dominance...
Words: 5966 - Pages: 24
...TOUR19020 - Destination Management Assignment 2 Research Report on Australian Destination Management Student Name: Tianrou Zhou & Amy Zeng Lecturer: David Ponton Table of Contents 1.0 Introduction 3 2.0 Product development 3 3.0 Partnerships, community and tourism stakeholder relations 6 3.1 Partnerships 6 3.2 Community and tourism stakeholder relations 7 4.0 Governance and leadership 8 5.0 Communications and relevant promotions 10 5.1 Integrated marketing communications 10 5.2 Branding and technology application 10 6.0 Comments & Recommendations 11 6.1 Conclusions 11 6.2 Recommendations 12 7.0 Reference List 13 1.0 Introduction This report aims to explore relevant tourism issues of Australia in a more in-depth extent, based on the analyzed results of previous report. The analysis process is conducted in perspectives of product development, partnerships and team building, community and tourism stakeholder relations, governance and leadership as well as communications and relevant promotions, respectively. At the end of this report, comments and recommendations will be drawn according to the analyzed results. This report consists of following five parts: independent discussions from above four dimensions and comments & recommendations at the end. 2.0 Product development After decades of development, tourism has already become the fastest and most prosperous industry in Australia, with a proportion of 2.5% in terms...
Words: 3120 - Pages: 13
...1.0 Strategic Management Process It is a process that describes the responsibilities a particular firm undertakes in order to attain strategic competitiveness over other companies and acquire more than the expected average return. (Ireland, Hoskisson and Hitt, 2010) Figure 2.1.1 The External Environment Strategic Entrepreneurship Strategic Leadership Organizational Structure and Controls Corporate Governance Cooperate Strategy Corporate Level Strategy International Strategy Merger and Acquisition Strategies Competitive rivalry and competitive Dynamics Business Level strategy Strategic Inputs Vision Mission The Internal Organization Strategic Actions Source: The management of Strategy Concept and Cases, Ireland, Hoskisson, Hitt, 9th Edition Feedback Strategic Outcomes Competitiveness Above average Returns Strategy Implementation Strategy Formulation Above is the diagram which summarizes the three main types of strategic management processes that are Strategic Analysis, Strategic Formulation and Strategic Implementation. It also shows how the three components are combined together and the contribution of the three components to the strategic management process. 2.0 Strategic Analysis The strategic analysis comprises of the internal and external environment of the company. Internal analysis of the company identifies the strength and weakness of a company while the external analysis identifies the opportunities and threats for a company...
Words: 6907 - Pages: 28
...Table of Contents 1. TITLE PAGE 4 EXECUTIVE SUMMARY 6 3. INTRODUCTION: 6 4. CONTEXT OF THE COMPANY: 7 5. WHAT IS CORPORATE GOVERNANCE: 8 6. THE PURPOSE AND BENEFIT OF GOOD GOVERNANCE: 8 7. GUIDING PRINCIPLES OF GOOD GOVERANCE: 9 8. REVIEW OF REPUBLIC BANK LIMITED’S CORPORATE GOVERNANCE: 9 8.1 Organisation Structure: 10 8.2 Republic Bank Limited’s Core Values: 11 8.3 Republic Bank Limited’s Code of Conduct and Ethics: 12 8.4 Corporate Social Responsibility (CSR) in Republic Bank Limited: 12 8.5 Policies and Procedures in Republic Bank Limited: 13 9. CONCLUSION: 13 10. RECOMMENDATION: 14 -15 11. REFERENCES: 16 12. APPENDICES: 17 Appendix I 17 Appendix II 18 Appendix III 19 - 20 Appendix IV 21 - 22 Appendix V 23 TO: THE CHAIRMAN, REPUBLIC BANK LIMITED FROM: CONSULTANT DATE: 03RD MARCH, 2014 SUBJECT: IMPROVING CORPORATE GOVERANCE IN REPUBLIC BANK LIMITED 2. EXECUTIVE SUMMARY It has been established that Organisations need to have a Competitive Advantage to remain viable and profitable. In order to accomplish this, one (1) essential tool is good Corporate Governance. This paper first identifies what good Corporate Governance entails then reviews the Corporate Governance process of Republic Bank Limited (a local banking organisation) utilising the tools, concepts and theories of the governance process identified. Some recommendations have been made to further enhance what the bank currently practices. 3. INTRODUCTION: The extent...
Words: 4276 - Pages: 18
...UNIT 33: THE SPORT AND LEISURE SECTOR Get assignment help for this unit at assignmenthelpuk@yahoo.com LO1 Understand the growth and influence of the sport and leisure sector Sport and leisure sector: facilities and activities; outdoor and indoor; minority sports; professional clubs; entertainment; hospitality and exhibitions; fashionable sports and leisure activities and trends in sport and leisure; commercial and private providers; professional sport; cinemas and theatres; exhibitions; health clubs and spas; sports merchandise; voluntary eg local sports clubs, drama groups; public eg local authority leisure centres, national stadia, venues, parks and events; schools and specialist sports/drama colleges, further education centres of excellence, government organisations; other agencies and providers Growth and expansion: related to age, gender, socio-economic group, lifestyle, geographical location, disability/health status, governmental imperatives; improved choice; health clubs, specialist activities, purpose-built facilities; educational eg new sports/drama colleges and centres of excellence; events management; recreation, arts and entertainment; outdoor activities; adventure tourism; special interest tourism; sports development policy and planning; consumption; lifestyle; national governing bodies; sector skills councils; sports councils to reflect national government policy on sport and associated areas eg fitness; elite training facilities and services eg growth of youth...
Words: 1231 - Pages: 5
...They consider themselves masters of scientific knowledge and are by-products of priestly classes. The leisure class decides the structure of the schools and colleges. In modern society, state funded schools are given extra funds for teaching abstinence from sex. The extra funding given is a way of control to exemplify and reinforce the obedience to follow the guidelines set forth. Although, where abstinence is taught there leads a higher pregnancy and poverty rate. This cripples society and thus allows the leisure class to obtain more control and governance over the populations. Unfortunately, civilian rights that were prevalently reviewed are not taught in elementary schools. To become the leisure class you must be well endowed with inherited riches or be willing to work harder to obtain a greater level of knowledge and freedoms. Higher learning is considered to be at least a bachelor's degree and lower learning is considered to be a technical school of certificate. However, the lower learning colleges carry the traditional cap and gown graduations. The leisure class finds any way possible for any type of extra spending and activity like college sports. The marking of college sports is also extreme in the ‘conspicuous waste’ of marketing t-shirts, games, bets, food, stickers, memorabilia, and tailgate parties. They also consumed in their attention to the need for wars and warfare. Women...
Words: 1163 - Pages: 5
... Management and organization Major milestones Structure and capitalization Financial plan Executive summary GENERAL COMPANY DESCRIPTION PRODUCTS AND SERVICES -building construction, design and planning : provides professional services in the areas of engineering, construction and maintenance of various infrastructures. The company designs and builds administration, commercial and industrial buildings, hotels, hospitals, airport terminals, sports facilities and entire residential districts....
Words: 552 - Pages: 3
...Parmalat, Italy's giant dairy foods producer, was founded in 1961 by Calisto Tanzi, a 22 year-old college dropout and Italian food industry heir . The company was named for Parma (“the food valley” in Italian) and lat (an abbreviation of la tte, Italian for milk). Parmalat's major innovation allowed it to produce the first shelf-stable milk through an Ultra Heat Treatment (UHT) process developed in Sweden, enabling proc essors to produce milk that c ould be stored for long periods without refrigeration. The product was a hit, benef iting from its associations with and advertising through sports, including Formula One Racing an d Alpine Ski Championships. Parmalat was a European pioneer in brand advertising. Sale s rapidly expanded throughout Europe, Latin America and, in total, in over 30 countries. The firm rapidly grew into a family empire, the largest food company in Italy, the fourth la rgest food company in Europe, with over 36,000 employees in 139 plants and branching into a variety of industries including beverages, television, tourism, cookies and f ootball. In 1997, Parmalat initiat ed an aggressive campaign to acquire other firms, particularly in the Americas . One of its large purchases in 1997 was Beatrice Foods, a large U.S. producer. Many of these acqui sitions were huge money losers. Most of the acquisitions were financed with debt and the firm's debt ratings gradually deteriorated. 4 Nonetheless, Parmalat appeared...
Words: 1666 - Pages: 7
...Assignments from the Readings Write a 700- to 1,050-word paper in which you respond to the questions at the end of the case study. 1. P5-3 Sharon Smith, the financial manager for Barnett Corporation, wishes to evaluate three prospective investments: X, Y, and Z. Sharon will evaluate each of these investments to decide whether they are superior to investments that her company already has in place, which have an expected return of 12% and a standard deviation of 6%. The expected returns and standard deviations of the investments are as follows: Investment Expected Return Standard deviation X 14% 7% Y 12% 8% Z 10% 9% a. If Sharon were risk neutral, which investments would she select? Explain why. She should accept Investments X and Y because these have higher returns than the 12% required return and the risk wouldn’t matter. b. If she were risk averse, which investments would she select? Why? She would then accept Investment X. It provides the highest return and has the least amount of risk. Investment X offers an increase in return this is because you are taking on more risk than what the organization earns. c. If she were risk seeking, which investments would she select? Why She would accept Investments Y and...
Words: 2115 - Pages: 9
...1 | | It is the bible for local government administration in the Philippines.Signed into law by the President of the Ph on Oct 10 1991 and took effect on Jan 1 1992The code does not apply in the ARMM, being an autonomous region, it has its own local government code.Consists of 536 sections divided into 4 books: Book 1 – policy statements, principles, processes and mechanisms for effective local governance Book 2 – taxing powers and other revenue raising powers and the corresponding administrative structures and processes necessary in the exercise of such powers Book 3 – details the local government structure and powers and duties of elective officials Book 4 – contains the transitory provisions that will effect the smooth implementation of the CodeIt sought to decentralized the Phil State. Decentralization is the transfer of power and authority from the central institution to the lower or local levels of a government system. Three main forms of Decentralization: Devolution refers to political or territorial decentralization wherein local governments are empowered for self- governance. Deconcentration is administrative decentralization and involves the delegation of responsibility of the central government agencies to the provincial, city and municipality governments and regional bodies. Debureaucratization is also the transfer of public functions and responsibilities but the transfer is made to the private sector and non-government organizations, not to local government...
Words: 1223 - Pages: 5
...LADBROKES By Course Professor’s Name University City Date TABLE OF CONTENT Executive summary ………………………………………………………3 Introduction ………………………………………………………………4 Company background …………………………………………………….5 Benefits of investing in the business ……………………………………..5 Dangers of investing in a Betting Corporation ……………………………7 Recommendations………………………………………………………….9 Conclusions…………………………………………………………………10 References…………………………………………………………………..12 Executive Summary Gambling is often considered an activity of probability that an individual is willing to participate so as they can quickly earn an extra amount of money. Such practices are often connected to series of games that offer chances for people to make money. Betting is often practiced in areas like the casino or the sporting villas. Similarly, the actions of betting have numerous benefits and disadvantages that are attached to it. Based on the pieces of information presented by various researchers, the effects of gambling are however addictive spending much of an individual’s time instead of paying more attention to activities that may add some value to the various kinds of jobs. On the other hand, gambling can be applied so as an individual can increase the levels of income to be used to run his/her business. Introduction Betting is a form of business that often entices people to participate so as they can get a quick turnover of their money. It is an activity that is often practiced in the urban centers in areas like the casino...
Words: 2756 - Pages: 12
