Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

2-2 Short Paper Issues in Sports Finance

2-2 Short Paper Issues in Sports Finance

Q Sport managers can face many challenges in sport business. For this short paper, you will have an opportunity to consider a financial issue from the perspective of a sport manager and suggest ideas to improve the finances of an organization. To complete this assignment, review the Module Two Short Paper Guidelines and Rubric document. SPT 200 Module Two Short Paper Guidelines and Rubric Overview: Sport managers can face many challenges in sport business. For this short paper, you will have an opportunity to consider a financial issue from the perspective of a sport manager and suggest ideas to improve the finances of your organization. Prompt: Choose a SportsBusiness Journal article that focuses on sports finance. (Preferred topics are new revenue generation or cost savings, but you could also choose an article on reuse/recycling programs, facility fundraising, and so on.) What challenges are the sport managers facing? What are they doing about them? If you were in this position, would you do the same thing, or is there something you would do differently or something you would add? Use properly cited sources and evidence to support your thinking. Specifically, you should address the following: • Choose an article that specifically focuses on a sports finance topic. • Identify financial challenges that the sport managers are facing, and substantiate your explanation with specific details and scholarly evidence (using APA-style citations). • Explain what sport managers are doing to find solutions to the challenges, and substantiate your explanation with specific details and scholarly evidence (using APA-style citations). • Suggest ways to improve the challenges, and substantiate your explanation with specific details and scholarly evidence (using APA-style citations). • Make sure your submission has no major errors related to citations, grammar, spelling, syntax, or organization. Rubric Guidelines for Submission: Your paper must be submitted as a 2- to 3-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to APA style. Critical Elements Exemplary (100%) Proficient (85%) Needs Improvement (55%) Not Evident (0%) Value Article Selection Chooses an article that specifically focuses on a sports finance topic Does not choose an article that specifically focuses on a sports finance topic 15 Identification of Financial Challenges Meets “Proficient” criteria, and the explanation is substantiated with specific details and scholarly evidence Correctly identifies appropriate financial challenges that the sport managers are facing Identifies challenges that the sport managers are facing, but challenges are inaccurate Does not identify challenges that the sport managers are facing 25 Solutions to Challenges Meets “Proficient” criteria, and the explanation is substantiated with specific details and scholarly evidence Accurately explains what sport managers are doing to find solutions to challenges and uses details in explanation Explains what sport managers are doing to find solutions to challenges but explanation is inaccurate or lacks details Does not explain what sport managers are doing to find solutions to challenges 25 Suggestions Meets “Proficient” criteria, and the explanation is substantiated with specific details and scholarly evidence Suggests ways to improve challenges and uses details in explanation Suggests ways to improve challenges, but explanation lacks details Does not suggest ways to improve challenges 25 Articulation of Response Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy-to-read format Submission has no major errors related to citations, grammar, spelling, syntax, or organization Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas 10 Total 100%.

View Related Questions

Solution Preview

The challenges faced by sports managers in the modern situation of sports management are identifying the sources of earning revenue, generating revenue from existing sources by sports organizations, increasing of costs of operations of sports organizations, rising costs of sports events, rising costs of raw materials of sports equipment, rising costs of sports equipment, rising level of competition among sports organizations, etc. (McEvoy et al., 2013). There are different departments in sports organizations which generally earn diversified percentages of revenue in sports organizations. When the differences among the percentages of revenue earned by different departments is low, the sports organizations can consider the overall revenue to be positive and substantial. However, when the differences among the percentages of revenue earned by different departments is high, the sports organizations cannot consider the overall revenue to be positive or substantial. In case of revenues earned by Division I Football Bowl Subdivision (FBS), the variance calculated via regression has been 76.7 percent for revenues earned annually (McEvoy et al., 2013). This implies that there is lot of inconsistency in the rate of revenue earnings by different departments in sports organizations. There is requirement of uniformity to be built among different departments in sports organizations to ensure that the variance can be reduced as much as possible. The issues faced by sports managers can keep being generated and continued with no changes in the trends of variance in revenues earned by different departments of sports organizations. There can be times when the percentages of revenues earned by sports can be higher than expected but there can be an expected fall in the percentages of revenues in the next year or after two years of operations (McEvoy et al., 2013). The consistency is something which is not present in sports organizations while earning revenues annually. There are special teams being delegated among existing organizational members in sports organizations to ensure that challenges and issues related to revenue generation and