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Sport Manager
Responsible for achieving the sport organization's objectives through efficient and effective use of resources.
Human Resources
Refers to people in the organization, who are considered the most valuable asset because of their skills, creativity, teamwork, and effort drive the success of the business. Examples include employees, amateur athletes, professional athletes, managers, and creative individuals.
Financial Resources
Refers to budgeting/funding that are available to plan, operate & grow sports organizations & teams. Examples include financial decisions related to salaries, equipment, facilities, travel, marketing, and event operations.
Physical Resources
Refers to the physical tools and spaces needed to train, compete, and operate efficiently. Examples include sports facilities & venues, training/game equipment, transportation, and stores like Dick's Sporting Goods (such as price tags, hangers, & charge slips).
Informational Resources
Refers to data, knowledge, & communication systems that help managers make decisions, plan strategies, & run operations effectively. Examples include statistics, scouting reports, schedules, rules, technology systems, and any other information that supports the performance and administration of a sports organization.
Integrity
Being honest, trustworthy, and ethical in all actions and decisions. Examples include admitting mistakes and taking responsibility.
Industriousness
Being hardworking, dedicated, and persistent. Examples include spending extra time preparing for games or events.
Ability to Get Along with People
Communicating and cooperating well with others. Examples are listening to team members and solving conflicts respectfully.
Technical Skills
Using specific knowledge or tools for the job. Examples include designing training drills or using sports software.
People Skills
Working well with others and building relationships. Examples include resolving team conflicts or motivating players.
Communication Skills
Clearly giving and receiving information. Examples include explaining team strategy or listening to staff feedback.
Conceptual Skills
Understanding the big picture and planning strategically. Examples include creating a long-term vision for the team.
Decision-Making Skills
Analyzing situations and making smart choices. Examples include choosing the right lineup or investment for team success.
Planning
The process of setting objectives and determining in advance exactly how the objectives will be met.
Organizing
The process of delegating and coordinating tasks and resources to achieve objectives.
Leading
The process of influencing employees to work to achieve objectives.
Controlling
The process of creating and implementing mechanisms to ensure their objectives are achieved.
Interpersonal Roles
Include figurehead, leader, and liaison. When managers are acting in this role, they use people and communication skills.
Informational Roles
Include monitor, disseminator, and spokesperson. When managers are acting in an informational role, they need people and communication skills.
Decisional Roles
Include entrepreneur, disturbance handler, resource allocator, and negotiator.
Management
The individuals and groups responsible for coordinating resources, making decisions, and guiding the organization toward its objectives.
Mission
The organization's purpose or reason for existing; it explains who the organization is, what it does, and why it exists.
Resources
The assets the organization uses to operate effectively, which include human (people), financial (money), physical (facilities/equipment), and informational (data/technology) resources.
Systems process
The method organizations use to transform inputs (resources) into outputs (products or services).
Structure
The way an organization arranges its jobs, authority, and communication.
Quality
Needed within the system process to ensure successful outcomes.
Customer value
The benefits that customers obtain if they buy a service or product.
Competition
Other organizations that provide similar products/services.
Suppliers
Organizations that provide resources needed to produce goods/services.
Workforce/labor
Availability, skills, and demographics of employees.
Customers
Buyers whose needs and preferences drive demand.
Shareholders
Owners or investors who expect returns.
Society
Societal values, community expectations, and corporate responsibilities.
Technology
Innovations that affect efficiency, communication, or products.
Economy
Overall economic conditions (inflation, unemployment, interest rates).
Government
Laws, regulations, and policies impacting operations.
Problem-solving
The process of taking corrective action to meet objectives.
Decision-making
The process of selecting a course of action that will solve a problem.
Decision-making model
A model that includes steps such as defining the problem, setting objectives, generating alternatives, selecting alternatives, implementing the decision, and controlling results.
Reflexive decision-making style
Making snap decisions without taking the time to get all info needed and without considering alternatives.
Reflective decision-making style
Taking time to gather information and consider alternatives before making a decision.
Consistent decision-making style
A balanced approach that involves a moderate amount of information gathering and consideration of alternatives.
Strategic planning
When management develops a mission and long-term objectives and determines in advance how they will be accomplished.
Operational planning
When management sets short-term objectives and determines in advance how they will be accomplished.
Time frame difference
Strategic and operational planning differ primarily by time frame and by the management level involved.
Strategic plans
Typically developed for 5 years and done by top level managers.
Operational plans
Developed for time frames for a year or less and done by middle managers or first-line managers.
5 steps in the strategic process
1. Developing the mission: defining the purpose of the organization and why it exists. 2. Analyzing the environment: SWOT analysis. 3. Setting objectives: establishing long-term goals aligned with the mission. 4. Developing strategies: creating action plans to achieve objectives. 5. Implementing and controlling strategies: executing strategies, monitoring progress, and adjusting as needed.
Corporate level strategy
The organization's plan for managing multiple lines of business. (e.g. Adidas)
Business-level strategy
The organization's plan for managing one line of business. (e.g. Reebok (subsidiary of Adidas))
Functional level
Organization's plan for managing one area of business (e.g. marketing department at Reebok).
Corporate Growth Strategies
1. Concentration: grow existing line of business aggressively. 2. Integration: forward is the line of business is closer to the final customer and backwards is further. 3. Diversify: add related or unrelated product lines. 4. M&A: buying and selling companies.
Boston Consulting Group's (BCG) growth share matrix
1. Cash cow: good selling products that generate lots of revenue. 2. Stars: emerging businesses with a rapidly growing market share. 3. Question marks: new lines of businesses with a low market share in an expanding market, believed to be future stars. 4. Dogs: low returns.
Business Level-Strategy
1. Prospect: aggressively offering new products or entering new markets seeking growth opportunities. 2. Defend: implement strategies to defend the current place with market share. 3. Analyze: move into new markets cautiously and deliberately or seek new opportunities to offer a core product group.
Competitive strategies
1. Product differentiation: logos. 2. Cost leadership: low prices to attract customers. 3. Focus: target a specific regional market, product line or buyer group.
Product life cycle stages
Introduction, Growth, Maturity, Decline.
Corporate-Level Strategy
Growth, Stability, Turnaround and retrenchment.