Sport Management Final Exam

What are the aspects of Sport Management that demand that it should stand alone as a unique discipline?

Sport Marketing

Financial Structure

Career Paths

Social Institution

Sport Marketing

Unlike a business that can promise you the product they sell you. A team can not promise you a win.

Financial Structure

Sport organizations depend on getting their money from things like TV Deals, Sponsorships, Merchandises, and etc.

Careers

Unlike traditional jobs where anyone can get hired. In the sport world Networking matters, internships matter, and who you know matters.

Society

Unlike normal jobs where what you do does not really effect anyone besides your company. Sport can influence culture, education, and society.

Three Major Dimensions of Organizational Structure

Specialization

Formalization

Centralization

Specialization

This affects how narrow or broad your job will be

Formalization

This affects how many rules and procedures you must follow at work

Centralization

This affects how much decision-making power you will have.

What are the five management functions

1. Planning

2. Organizing

3. Staffing

4. Directing

5. Controlling and Evaluating

Planning

Deciding in advance what goals the organization wants to accomplish and how to achieve them.

Organizing

Arranging tasks, resources, and people to carry out the plans.

Staffing

Hiring, Training, and maintaining employees.

Directing

Leading and motivating employees to preform their jobs

Controlling and Evaluating

Measuring performances to make sure goals are met and correcting problems if needed.

Seven Characteristics of Leaders

1. Vision

2. Integrity

3. Confidence

4. Communication Skills

5. Emotional Intelligence

6. Decision-Making Ability

7. Motivation and Inspiration

Eight Sources of Power

1. Legitimate Power

2. Reward Power

3. Coercive Power

4. Expert Power

5. Referent Power

6. Connection Power

7. Information Power

8. Persuasive Power

Why is power important for sport leaders to know

Understanding each power helps leaders motivate, guide, and manage effectively.

Five aspects of labor-management relations that are unique to professional sport

1. Baseball’s Antitrust Exemption

2. Collective Bargaining Agreements

3. Free Agency

4. Salary Caps

5. Player Drafts

. What are the four primary sources of revenue for professional sport teams? List five other sources of revenue. 

1. Media Rights

2. Ticket Sales

3. Merchandising

4. Sponsorships

Baseball’s Antitrust Exemption

MLB is exempt from the Sherman Antitrust Act, meaning it is not treated like other professional sport leagues in legal matters.

Collective Bargaining Agreement

All profesional sport leagues besides the MLB are governed by CBAs, which are negotiated contracts between the players union and team owners that cover things like salaries and working conditions.

Four Benefits of Community Sport Participation

1. Physical Health Benefits

2. Improved Family Well-Being

3. Sense of Community

4. Social Capital

 Give five reasons how marketing sport as a product differs from other goods and services.

1. Intangibility

2. Emotional Attachment

3. Subjectivity

4. Social Consumption

5. Inconsistency

Identify one example of AI, VR, and AR technologies being used in sport.

1. AI Analytics Software

2. VR QB Training Systems

3. AR Apps in Arenas

Discuss five factors that have redefined international sport.

1. Changes to the Olympic Games

2. Expanded Opportunities for Women

3. The Redefinition of International Sport

4. Increased Recruitment

5. Increased Participation

Changes to the Olympic Games

The Olympics has evolved a lot like adding new sports and emphasizing global participation

Expanded Opportunities for Women

We have increased women’s participation and visibility in international sport

The redefinition of International sport

What constitutes international sport broadening.

Increased Recruitment

Lots of sport coaches are now looking more at international athletes than they would before

Increased Participation

Nations with growing economies are now investing more in sports.