Contract Dispute Essay - 550 Words

Contract Dispute (Essay Sample) Content: Contract DisputeName:Institution:Contract Dispute: The Case of the NFL Lockout of 2011From time to time, contract disputes arise in the professional sports and the entertainment industries both of which are unionized. At times, this may lead to strikes or lockouts resulting in work stoppage. This paper will present analysis of a contract dispute in the professional sports industry, highlighting its major points, as well as its impacts on the various industry stakeholders. Specifically, the paper will draw on the National Football League (NFL) lockout which lasted for 136 days beginning March 12, 2011 and ending July 25, 2011.The Lockout began after failure by the NFL players and NFL teams owners to agree on a new Collective Bargaining Agreement (CBA), following the expiry of the existing CBA (CBS Sports, 2011). The major elements of the dispute included the decertification of the National Football League Players Association (NFLPA), the union that represents the playe rs, and various aspects of the CBA which include salary cap and floor, revenue sharing, the opt-out clause, wage scale for rookies, free agency rules, health and safety benefits, and retirement benefits (CNN 2011 ESPN 2012).The leagueà ¢Ã¢â€š ¬s annual revenue which stood at $9 billon was one of the areas sharply disputed (Escobedo Welch, 2011). Based on the earlier CBA, owners would receive $1 billion and of the remaining $8 billion, players would receive 60% while the owners would receive 40% ( Mao, Quach, Tay, 2011). The owners wanted this amended while the players insisted that the revenue sharing ratio should remain unaltered. The owners wanted an increase of $1.4 billion dollars in their share to reflect increased overhead costs (Dansbury, Mao, Quach, Tay, 2011). This matter was solved with the adoption of an "all revenue system" under which the playersà ¢Ã¢â€š ¬ floor share was set at 47% (CNN 2011).The stronger capacity by the NFLPA to fight for better terms for player s by way of decertifying or suing the league through antitrust laws gives credit to the Radovich v. National Football League, 352 U.S. 445 (1957). The United States Supreme Court determined that the NFL should be treated as separate teams, rather than a single entity and thus antitrust laws were binding. It is on this basis that several NFL players filed the suit against NFL (Dansbury, Mao, Quach, Tay, 2011). Under the new CBA, the key dispute areas were addressed and the agreement reached runs through to 2020. Minimum salaries for players were raised by $55,000 and agreements were put in place for continued increments; a more satisfactory revenue sharing system was adopted; substantial improvements in playersà ¢Ã¢â€š ¬ safety and health benefits were made; and free agency would no longer be restricted (Judge 2011).The impacts of the contract dispute were not limited to players only as other stakeholders were also significantly impacted. Advertisers and sponsors of NFL who rely on the broadcasts of NFL to sell their products were hurt through dropped consumption (Horrow Swatek). Advertisers and sponsors, take advantage of the NFL to pass information about new products to a wide audience. This means, with work stoppage and reduced NFL activity, advertisers and sponsors would have to seek other platforms that might not be up to the effectiveness required. Merchandisers who rely on the Leagueà ¢Ã¢â€š ¬s good standing and continuous activity in order to realize meaningful sales of Jerseys were also affected by declined sales (Roberts, 2011). Bars and restaurants, and fantasy footbal...

Free Essay Topics To Increase Your Understanding Of The Process

Free Essay Topics To Increase Your Understanding Of The ProcessFor an introduction to the educational process, you can select informative process analysis essay topics to understand. These topics are free of artificial techniques and methods that a teacher might use to enhance the essay. You will be able to enhance your skills as a writer by using free resources that explain writing process.I remember learning this interesting skill when I was a teenager. It was a way for me to learn more about the topic at hand. Unfortunately, I did not follow it correctly. After all, I was not trying to make the process analysis essay topics interesting.The idea behind these essay topics is to break down the process that happens during the writing process. The writing process is an important part of the essay and it should be analyzed by the author. It is done so that the essays are easier to read and interpret. It also prevents the essay from becoming complicated because the process becomes clear. This is how a student will easily read the topic he is writing.By using the process analysis essay topics, you will be able to add value to the essay. If you can add something to the topic, you can make the topic stronger and will earn your entry to the college or university. You should also understand that some processes are not straight forward to understand. That is why essay topics should be free of difficulties.The list of process analysis essay topics include analyzing the thesis statement, analyzing the introduction, analyzing the thesis, analyzing the conclusion, analyzing the main points and the research methods. Each of these topics gives you something to add to the topic that you are writing. The examples given in each topic will guide you to write something interesting. It is best to do this exercise so that you can improve your skills as a writer.As you read the process analysis essay topics, you will find that there are a lot of them that you will be able to identify. You can choose among them, if you would like to have a specific one. It will depend on the types of topics that you would like to focus on.Another thing that you will need to do if you want to understand the process analysis essay topics is to research the topic. Look up the literature that will give you ideas about the process that occurs during the writing process. Reading it will give you a better understanding about the process. With the information that you gather, you will be able to make the process analysis essay topics interesting.These process analysis essay topics are great if you want to earn good grades at the university or college. You must try to improve your skills as a writer and you should also be able to understand what the process is. You should also learn the process analysis process so that you can write good topics. Once you know the process, you will be able to understand and analyze the essays you write.

Management Defn - 1024 Words

1). Define Organisation and Management from different Authors or Management Gurus-5 pages The definition of management is not static due to usage and practices by those in managerial positions. Thus the meaning can change This means that it is good if we can keep abreast of new development in this area. It is enough if you have an adequate understanding of the definition of management. The better approach is to know the how to and whether the way you manage things effectively accomplish the targets of the tasks at hand. And thus helping, at the end of the day, to achieve the overall objectives of your organization. It is very difficult to give a precise definition of the term management. Different scholars from different†¦show more content†¦This approach may be referred to Henry Fayol, who classified management activities into the following categories: †¢ Technical - referred to production department. †¢ Commercial - relates to buying, selling and exchange. †¢ Financial concerned with maximum utilization of capital. †¢ Security concurred with protection of property and person. †¢ According concerned with maintenance of accounts, presentation and statistics and †¢ Management concerned to planning, organizing, commanding, coordinating and controlling. †¢ Henri Fayol †¢ talks of management as consisting of seven functions: †¢ 1. planning; 2. organizing; 3. leading; 4. coordinating; 5. controlling; 6. staffing, and 7. motivating. †¢ F.W. Taylor: Management as a group of personnel According to F.W. Taylor, Management is the art of knowing what you want to do and then seeing that they do it in the best and the cheapest may. According to this approach human factor plays an important role in accomplishing business objectives. management is concerned with those who have been managing the affairs of the business. Managers are assigned duties and are also granted requisite authority to perform their duties efficiently and thus, management is effective direction, coordination and control of individual and group efforts toShow MoreRelatedTibco Admin46376 Words   |  186 Pages . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Using TIBCO Hawk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Using TIBCO Enterprise Management Advisor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Chapter 2 Administration Tutorial . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Read MoreRsm260 Sample Midterm with Answer Essay2328 Words   |  10 PagesUniversity of Toronto Faculty of Arts and Science and Rotman School of Management RSM 260H1S – Organizational Behaviour Duration: 110 minutes Aids allowed: one aid sheet (front side only of an 8.5†x11† piece of paper) Paper foreign language dictionary for international students Please answer all questions in this exam. Answers to the multiple choice questions need to be filled in on the scantron sheets (remember to use pencil to fill in the circles) and also circled on the examRead MoreSupporting Good Practice in Managing Employee Relations Essay2853 Words   |  12 PagesEmployment relationship – defn. â€Å"the relationship that exists between employers and employees in the workplace† When an employee starts a new company there may be many internal and external factors that impact on the employment relationship. One external factor is the state of the economy, in recent years the economy has experienced a recession. This has impacted businesses in many ways; e.g. redundancies - less capital means companies can no longer afford to keep all staff. A second externalRead MoreSolution Manual For Management Leading And Collaborating In A Competitive World 11th Edition Bateman Snell8749 Words   |  35 Pageseffectively. The first question is best addressed with examples, and students often find it useful to go through an example or two for a specific company. Start by discussing the high tech industry, using the information in the text and the â€Å"Management Connection† section called â€Å"Apple’s Rocky Relationships.† Next, ask students to name a company with which they are familiar, and have them identify examples of each of the different environmental factors for that organization. If your students

Competitive Strategy and Business Model Innovation

Question: Discuss about the Competitive Strategy and Business Model Innovation. Answer: Introduction: Strategy is a method in an organization that improves and implements various plans to achieve the objectives and aims. Strategic management is a continuous process. According to Lasserre (2012), strategic management helps to identify the target customers and their preference. Strategy needs goals, mission statement, objectives, guide and values to check the opportunities. Goal setting help the manager to make strategic decisions like how the target can be met and larger the revenue. Goal setting helps to identify the plans to compete in the competitive and international business market (YouTube. 2016). Before applying strategy, it is necessary to know about the strength and weakness of the organization. The organization needs to analysis both the internal and external factors like competition and implementing technologies. Strategy formation The concept of strategy formation develops particular actions to enable an organization to achieve the goals. Strategy formation requires information from analysis, priorities and decision making to point out issues of the organization (Ward and Peppard 2016). Strategy implementation puts the specific strategy to meet the organizational aims. The concept is to bring together all necessary resources to bring strategic plan. The organizations should put strategies via developing programs, policies and budgets to achieve financial, HRM resources and operational aims. After implementation of strategies, it is necessary to monitor the organizational strategies. Strategy monitoring develops the determination of strategies. It is necessary to monitor the plans of working areas to measure and compare the predictable results (Lasserre 2012). By monitoring, the organizational managers are able to know that when and how they have to implement the plan to change their strategies to change the trends. Application of Key ideas: Biopharm is a renowned pharmaceutical company in Australia that is now the leading pharmaceutical organization of the world. To achieve the position in the global market, Biopharm has implemented strategies. As Biopharm is a pharmaceutical company, it is a part of health care and very profitable company in Australia. The strategic management of Biopharm helped the citizen and government of Australia. The goal of the Biopharm was to achieve the fame in international pharmaceutical market. According to Keshavan et al. (2016), the mission statement and objectives of Biopharm was very clear and the guidance provided them opportunities to achieve the goal. The goal setting helped the manger of Biopharm to create the strategic decision. The strategic management helped to meet the target and gain more profit. Strategic management helped Biopharm to identify the competitors and competitive market in global market. Before applying strategic changes, the management of Biopharm has identified t he internal and external factors to enter into the international market. The strategic management helped Biopharm to develop specific actions of the company to grab the aims. The concept of strategy implementation brought the strategic plans to an action. Biopharm achieved the strategic plan by various programs and implementation of policies. Biopharm has strong strategic management that helped the company to develop the productivity, quality and service (Lasserre 2012). Business model innovation helps to develop new concepts that support the financial viability of an organization. Financial viability includes mission, bringing process of the concepts to achievement. Key ideas of Business Model Innovation: The goal of business model is to improve product value and deliver to the particular customers. Business model innovation helps to the target customers and the offering products to the customers (YouTube, 2016). It also helps to know the creation of value proposition and the generated revenues. The four steps of Business model innovation are initiation, ideation, integration and implementation. At the initiation steps, the company needs to analyze the recent Business model to identify the target customers and offering products. Ideation steps provide idea about the product creation. The third step helps assume the basic logic of the industry and to generate idea of the result like revenues. In the last step, the company needs to implement business model innovation to get effective outcomes. As opined by Afuah (2014), an organization can take idea of business model innovation from other organization but should not copy the same model innovation. Coping business model innovation of ano ther organization can give profit but that will be temporary. Massa and Tucci (2013) suggested that when an organization plans to apply business model innovation, they need to observe the other companies that are already using the model. The company management needs to remember the soft factors of the company before applying business model innovation (YouTube. 2016). Application of Key ideas: At the beginning of 2000, Apple made changes by applying business model innovation successfully. Business model innovation gave competitive advantages to Apple. However, business model innovative has several systemic risks. This helped to stay in the competitive business market and influence the growth. Apple is the number one international innovative company that has launched the touch pad phones for the first time. Apple has various innovation strategy including stylish new products, services and features. Apple introduces the products like iPod, iTunes and iPhones. Before 2000, Apple offered just computer desktops in market. According to Massa and Tucci (2013), iPod and iTunes are music devices, which can be used to download music. iPhone was another device that made huge profit for Apple. Apple gained huge profit by innovation of iTunes and iPods. iPhone had a huge acceptation in the mobile phone market globally. It was an innovative idea to launch smart phones with touch pad. Af ter implementation of business model, the financial state of Apple also increased. It took the leading position of smart phone in the mobile market. Apple has invented new software that has strong business model. As stated by Slack (2015), new product innovation and business model innovation provided a brand new market that is 30 times bigger than the original market to Apple. Business model innovation raised the traditional shares of Apple in the computer market. Apple has successfully achieved the customer loyalty. New generation customers became attracted to iPods, iPhones and iTunes, which is very profitable to Apple. References: Afuah, A., 2014.Business model innovation: concepts, analysis, and cases. Routledge. Keshavan, M.S., Lawler, A.N., Nasrallah, H.A. and Tandon, R., 2016. New drug developments in psychosis: Challenges, opportunities and strategies.Progress in Neurobiology. Lasserre, P., 2012.Global strategic management. Palgrave Macmillan. Massa, L. and Tucci, C.L., 2013. Business model innovation.The Oxford Handbook of Innovafion Management, pp.420-441. Slack, N., 2015.Operations strategy. John Wiley Sons, Ltd. Ward, J. and Peppard, J., 2016.The Strategic Management of Information Systems: Building a Digital Strategy. John Wiley Sons. YouTube. (2016). Business Model Innovation. [online] Available at: https://www.youtube.com/watch?v=B4ZSGQW0UMI [Accessed 20 Dec. 2016]. YouTube. (2016). What is Strategy?. [online] Available at: https://www.youtube.com/watch?v=TD7WSLeQtVw [Accessed 20 Dec. 2016].