...The New Yankee Stadium: A Visual Analysis When walking into Gate 4 of the new Yankee Stadium, a true fan of the blue and white pin strips experiences déjà vu. When building the new stadium the architects designed the new Gate 4 to mirror the Gate 4 of the old stadium right next door. When the initial design plans began, the organization had to think about not only the history of the team, but also how the die-hard fans would react when first walk into the stadium. Including mirroring the old stadium, the outside walls of the new stadium closely resembled the old stadium as well. When you first step into the new facility every idea that you had about what it was going to be like was destroyed except for the field itself. There is a much heavier emphasis on taking a more modern approach when they thought about the design. Everything from food vendors, to team stores, to even the bathrooms were brought from the 20th to the 21st century. Though there are some drastic differences, some aspects of the stadium did stay more along the lines of the original stadium. The seating is generally the same with regard to layout. But the major difference between old and new is the price of a seat. An even more outrageous price is how much it cost to build this monstrosity of a stadium. The average cost to build a stadium is about eight hundred million dollars; the new Yankee Stadium cost 1.5 million dollars to erect. The field has essentially the same look, but the dimensions were changed just...
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...In the story A Connecticut Yankee in King Arthurs’s Court by Mark Twain, we are shown that slavery and equality were not things that existed in the times that time traveling Hank Morgan visits. Hank is a Yankee born in Connecticut who finds himself in the Court of King Arthur in the year 528, time traveling to many years before his time after being hit in the head. Hank Morgan is an ingenious, resourceful man, filled with realism and common sense, believing in complete democracy, contrasting to the Catholic Church. Hank Morgan demonstrates nineteenth-century equality, progress, and science, placed in a society that is controlled by inheritance, nobility and a dictatorial church with laws, and inhumanity. Throughout his journey, Hank...
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...Yankee is a company that produces garden tools that are sold in four different product lines ranging from top-of-the-line to economy and the tools they produce ranges from mortar pans, wheelbarrows, shovels, rakes, trowels to hand trucks. The garden tools market is very competitive and mature as the products have very simple designs and there are many competitors in the market. Furthermore, substitutes are (power-generated tools) are available in the market. Yankee needs to keep prices low while focusing on reliable delivery and high quality to keep its position as a leading producer. Yankee has no formal method to forecast demand. The marketing team forecasts demand by month for the following year and the numbers they give to the operations side is said to be inflated, and they will reduce the forecasted numbers by approximately 10%. This shows that there is no collaboration and trust between the marketing and operations teams in forecasting demand which leads to delays in shipment to customers. Furthermore, the marketing team uses “shipping data” from the past year to discuss about promotions, changes in the economy and shortage problems from the past year and based on these, they will come up with the demand forecast for next year. This will not be an accurate and reliable forecast as compared to using the actual demand numbers. The operations team does not keep any inventory at hand because they are concerned about the high costs that comes with it, but there is no safety...
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...In the 17th century, the development of the Chesapeake and New England were distinctively different. In the early 1600s, England was faced with population increase and religious hostilities. The increase of the population led to competition to limited resources such as, food, clothing, land for settlement, and religious conflicts. These led the English men to look for newer ways to improve their living standards. Consequently, leaving England was the only remedy to their worries. The immigrants who tried to pursue a better life ended up establishing New England and Chesapeake colonies. However, these two colonies had the distinction between freedom “from” and freedom “for". New England’s colony was largely puritan, religion playing a key role. They believed in God and they looked upon Him for everything they did. Religion was the backbone and source of inspiration for the New Englanders to live in the new world. The colony’s religion was family-based and with extreme piety. This notion shared by the New Englanders is attributed from the feeling that, they had to appease their God since they had escaped from religious persecutions. In contrast, the Chesapeake region was not deeply rooted in religion. Its religious tone was low-church. Therefore, they pursued economic freedom rather than religious freedom. Political freedom in New England was based on pure religion, whereas, the Chesapeake created a society for economic purposes. New England’s officials...
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...1. I believe that what is next for Yankee Holding Company is to simply continue to grow and to lift the company up from the financial slump it encountered in 2007. Nowadays, customers are watching what they are spending their money on more. Therefore, being the leader in the market, Yankee Candle must establish their brand, expand retail and wholesale networks and introduce new fragrances. The company has a strong foundation and with its innovation, the only way to continue is by expanding. Opening more stores is a good idea for the company to continue building its brand recognition. Possibly appealing to a new target market could also be a route to take. Designing a line of products that would appeal to a younger market would be my suggestion. Perhaps even making the candles flameless, but not losing the uniqueness of the scents. Younger generations tend to like the innovation of flameless scents. Also, college dorms often do not allow candles because of fire hazards. Manufacturing flameless candles with the signature scents of YCC can eliminate this issue. Also, Aroma Naturals operates primarily as an online retailer; a good idea would be to open stores for this brand as well. I checked out their website and it is a very interesting theory of aromatherapy. “The therapeutic use of pure plant essential oils to bring well-being to both mind and body”, is an invigorating aspect to pursue. Many loyal customers of Yankee Candle value the authenticity of the product and the innovation...
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...Situation A: In evaluating the internal control over cash payments of Yankee Manufacturing, an auditor learns that the purchasing agent is responsible for purchasing diamonds for use in the company’s manufacturing process, approving the invoices for payment, and signing the checks. No supervisor reviews the purchasing agent’s work. The missing internal control characteristic for the Yankee Manufacturing company is separation of duties. There are many things that can happen to this business since there is only one person who is the purchaser of the diamonds, approving the invoices, and signing the checks. Also, there is no supervisor checking over this employee’s work. The problem with having one person doing many jobs within Yankee Manufacturing is that fraud could take place or the diamonds could be stolen. When there is only the one employee who purchases the diamonds, approves invoices for payment, and signs the checks, that same employee could take the diamonds without anyone knowing because no one is checking his work. This employee could have diamonds taken to a certain location and the supervisors may not even know before it is too late. A way to keep theft and fraud from happening is to have three different employees doing the duties that the one employee is doing now. For example, there should be one person who is the sole person for purchasing the diamonds. There should be a second person who is in charge of approving invoices for payments. Lastly, there should...
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...1. The problem with the forecasting system used by Yankee is split in two. There is no communication between production and marketing and therefore they are creating their own forecasting demands. Marketing meets only once a year to determine demand for the whole year. It looks like marketing creates its forecast using shipping data and not actual demand data. This could be the reason they are coming up short toward the end of the year. They are using past shipping information that isn’t reflecting actual demand but can be reflecting the shipping shortages of last year. This will cause the past problems to bleed into the future forecast. Then production gets the marketing demand numbers and drops the demand by 10% because they believe marketing has inflated the numbers. Then they come up short with the production and there’s never enough time for the forgers of steel to work to catch up. To solve this issue, they need to work together to create one, actual demand based; forecast that the whole company can agree on. They cannot work separately on the forecast because this is definitely causing shortages and inventory problems. 2. It can be seen that there is a seasonal effect on the demand for the bow rakes, therefore to create a forecast for year five I used the multiplicative seasonal method. There is also an upward trend annually in the demand for the rakes. Using the Multiplicative seasonal method takes both the seasonal and upward trend into account when creating a future...
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...forecasts are overinflated compared to the actual customer demandMarketing’s technique for forecasting is based on actual shipments and not the actual demand.Forecast are done based on a judgmental basis instead of using quantitative methodsCost for the company need to be reduced and inventory levels need to be accurate | This is an important problem because… New sales will not be acquired, it will become hard to retain loyal customers, thus net income will be lower than where it could be. | The key question(s) that needs to be answered to solve this problem is… What method of inventory should be usedWho should do the forecastingHow can Yankee Fork increase profits while decreasing cost while ensuring that the company has the adequate amount of inventoryWhat inventory should Yankee Fork promote and when should it be promotedHow can Yankee Fork become more competitive | Step 2: Obtain information. The following information is needed to answer this question… Interview Phil Stanton (ask him about delivery service use, machinery usage, and the accuracy of the inventory)Interview Ron (ask him about regional sales, promotions and non-adjusted items) Observe the production layoutNeed to find out what promotions are being run and how often and which location are they being run.Yankee Fork need to find...
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...“The city that never sleeps” Kida Delacruz Composition 1 04/22/13 New York City the city that never sleep. It is known for its malls, lights, and crowded streets. To me it is much more than that, its where I was born, first went to school, and went to my first baseball with my dad. As we were pulling up to Yankee Stadium for the first time I remember the smell of peanuts and ho dogs. The entrance was flooded with people. After what seemed an eternity we finally got in the stadium. The sound of people chanting “Yankees, Yankees, Yankees” Still goes through my head every time I think of Yankee Stadium. To my left was the entrance to an endless amount of food stands, and to my right was the gift shop and restrooms. We walked straight ahead through a tunnel that led to the field. When we got to the end all you could see is the field, thousands and thousands of people. The Jumbotron was focused on Derek Jeter, and all I could think was that I wanted to be on that field one day. People chanting and you could the feel the energy flowing through your blood. My face lit up like a kid's when they see their presents Christmas morning. In front of me all I could see was an a continuous row of seat filled with people. We walked down all the way down to the first row right on top of the dug out. The players were on the field some were stretching, other were running, and a few were throwing. You could smell the sunflower seed in the dug out. We watched the whole game the Yankees...
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...Forecasting is a critical component of balancing supply in order to meet customer needs while ensuring costs are kept low. Without proper forecasting, companies can see a direct hit to their bottom line by keeping too much inventory resulting in capacity issues, as well as by losing customers due to not having enough inventory. In the case of Yankee Fork and Hoe Company there are several issues with the forecasting system used in each department and these issues need to be rectified in order to improve cross-functionality and customer service for the company. The Marketing Department When Sharon Place is tasked with figuring out the issues in forecasting within the company, one of the people she sees is Ron Adams, the marketing manager. Adams explains that he meets with several managers from each sales region and goes over the shipping data from the prior year as well as upcoming promotions, economic conditions, and shortages from the prior year. He then creates a monthly forecast for the following year. This process is clearly not working, and since the production department relies heavily on the forecasting from marketing, adjustments must be made. Recommendation: Adams needs to find a quantitative method to create a forecast as opposed to the qualitative one he is currently using. He is also using the shipping data to make his suggestions as opposed the actual demand data. This is a problem since the company has had issues meeting the demand, therefore relying on the shipping...
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...it. That means the rest of the $620 million was paid for by citizens. How was it paid for? A new food and beverage tax was imposed on residents of counties surrounding Indianapolis. 3. That seems fair right? Poor and middle-class people pay more in taxes so a billionaire can have a bigger toy and make more profit. I hope you picked up on the sarcasm. 4. This is not just an Indianapolis problem. The average pro sports facility in the U.S. is paid for by 78% percent public money and only 22% private money. 1. Argument #3 and supporting evidence. Though teams may not want to finance their own stadium, they have the ability to and should. 1. Prior to 1960, many teams had privately financed stadiums. Historic venues like the Old Yankee Stadium were financed 100% by their owner. This was before giant television contracts as well. 2. It is feasible to build a stadium free of taxpayer money in modern times. The Staples Center, where the Los Angeles Clippers, Lakers and Kings play was built with no money public money. 3. With record revenues, professional sports teams can fit the bill for their own stadiums. Transition to Step#3 III. SATISFACTION: 1. Solution A possible solution for be for owners of teams in the cities to combine their money to finance a stadium. An owner of a baseball team and a football team could combine their money, and the owner of a hockey team and basketball team could do likewise. A lot of stadiums are used for other events such as concerts...
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...Price: The New York Yankees pricing strategy is largely constructed around the tickets offered to their games due to the simple fact that revenues generated from tickets contribute to over half of the New York Yankees annual revenue (Bloomberg, 2013). The Yankees offer four general types of tickets for sale; these are regular season single tickets, premium tickets and season tickets. Each one varies in price and product/service provided, and even within each subset there are variations in price. Regular Single Season Ticket Price for New York Yankees: (TeamMarketingReport, 2014) Average - $51.55 (2nd highest in the league) Most Expensive - $1600.00 Least Expensive - $15.00 MLB Average - $27.93 The high cost of the tickets can be attributable to the Yankees success on the field, quality of product, large demand and move to a new stadium. From the 90’s to 2008 the Yankees were able to keep ticket prices within modest range, though still on the higher end of the spectrum the prices were closer to the league average(Emanuele, 2011). However with the Yankees moving into a brand new stadium in 2009 with nicer amenities, the prices in tickets changed to reflect that. (Getz, 2012) Premium tickets are regular single season tickets that come with at least one added amenity or classified by a team as premium due to occasions such as a big rival coming to town or special commemoration. The New York Yankees after their move into the new...
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...THE NEW YANKEE STADIUM LOOKS TO THE FUTURE Athough baseball is a sport, it’s also big business, requiring revenue from tickets to games, television broadcasts, and other sources to pay for teams. Salaries for top players have ballooned, as have ticket prices. Many fans now watch games on television rather than attending them in person or choose other forms of entertainment, such as electronic games. One way to keep stadiums full of fans, and to keep fans at home happy as well, is to enrich the fan experience by offering more video and services based on technology. When the New York Yankees built the new Yankee Stadium, they did just that. The new Yankee Stadium, which opened on April 2, 2009, isn’t just another ballpark: It’s the stadium of the future. It is the most wired, connected, and video-enabled stadium in all of baseball. Although the new stadium is similar in design to the original Yankee Stadium, built in 1923, the interior has more space and amenities, including more intensive use of video and computer technology. Baseball fans love video. According to Ron Ricci, co-chairman of Cisco Systems’ sports and entertainment division, “It’s what fans want to see, to see more angles and do it on their terms.” Cisco Systems supplied the computer and networking technology for the new stadium. Throughout the stadium, including the Great Hall, the Yankees Museum, and in-stadium restaurants and concession areas, 1,200 flat-panel high-definition HDTV monitors display live game...
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...Stadiums and Taxpayer Abuse Five Works Cited There seems to be a domino effect through out the U.S., new stadiums are being built, teams are demanding that their city build them a new stadium to play in but it is not necessary to build these stadiums. The most obvious change in new stadiums is coming from baseball. In the last 10-15 years many new baseball stadiums have been built, but who is paying for these stadiums? The teams and the owners that are demanding the stadiums, or the taxpayers? The answer is that taxpayers are picking up a huge amount of the cost to build a new stadium. Before the Depression stadiums were built by using private funds, some of these stadiums include: Wrigley Field, Tiger Stadium, Yankee Stadium, and Fenway Park ("Sports Pork", 3). All of these parks are very memorable for lots of reasons, mostly the players that played and or play there. Why when these stadiums were built were they a fraction of the cost that it is to build a stadium today? In the 1980's America was spending about 1.5 billion on new stadiums; in the 1990's it spent 11 billion ("Walls Come", 2). Furthermore, in 1967 the cost to build the Kingdome was 67 million, in 1999 the cost to build Safeco Field was 517.6 million. On top of the cost difference, not only was the Kingdome multi purpose but also it held more people. The capacity of the Kingdome for baseball seating was 59,166; the seating at the new Safeco Field is 46,621. Although the Kingdome was starting...
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...when it was constructed in 1964 and opened in 1965. As the world’s first indoor, air conditioned domed stadium. The Dome hosted a variety of activities like sports and events. It has a lot of history for example it had famous celebrities performed there. The Astrodome has been declared the National Register of Historic Places both for its architectural and cultural significance. It became the most important, distinctive and influential stadium ever built in the United States. This is why I believe the Astrodome should not be demolished as they are planning to do. James Glassman, a Houston preservationist, calls the Astrodome the city’s Eiffel Tower and the “physical manifestation of Houston’s soul.” New York could afford to tear down old Yankee Stadium, Glassman said, because the city had hundreds of other signature landmarks. “There was a confluence of space-age, Camelot-era optimism, and we were right there,” said Glassman, founder of the Web site Houstorian.org “It really set us on the road for a go-go future.” Mickey Mantle hit the first home run at the Astrodome in an exhibition game, causing the scoreboard to flash “Tilt.” Judy Garland, the Supremes, Bob Dylan, the Rolling Stones, Elvis Presley and Michael Jackson played concerts there. Muhammad Ali retained his heavyweight title. Evel Knievel jumped 13 cars on his motorcycle. The Republicans nominated President George H. W. Bush for re-election there in 1992. Robert Altman directed a movie called “Brewster McCloud” in...
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