KRLS 105 - Introduction to Management
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Questions and Answers

What is a primary revenue source for professional sports teams?

  • Gate receipts from ticket sales (correct)
  • Revenue from social media endorsements
  • Player salaries from management
  • Merchandising discounts

    • Which of the following is considered a challenge for professional sports in the future?

  • Finding traditional revenue sources
  • Maintaining Labor-Management Harmony (correct)
  • Reducing media contract expenses
  • Decreasing international fan engagement

    • What is one way teams are innovating to generate new revenue streams?

  • Introducing new player health protocols
  • Eliminating sponsorship deals
  • Implementing stadium series events (correct)
  • Reducing ticket prices for families

    • How do sponsorships benefit professional sports teams?

    <p>By offering partnerships and brand visibility</p> Signup and view all the answers

    What is a potential issue arising from globalization in professional sports?

    <p>Complications in managing foreign athletes</p> Signup and view all the answers

    What is a critical aspect that sport management professionals need to develop for success?

    <p>Critical thinking skills</p> Signup and view all the answers

    Which of the following is considered a critical thinking question in sport management?

    <p>What are the value conflicts and assumptions?</p> Signup and view all the answers

    What are 'descriptive assumptions' in the context of critical thinking?

    <p>Assumptions about future events</p> Signup and view all the answers

    Which type of organization is primarily focused on public service?

    <p>Public organizations</p> Signup and view all the answers

    What factor is NOT part of the general environment affecting sports organizations?

    <p>Consumer preferences</p> Signup and view all the answers

    Which of the following represents a future challenge for sport management?

    <p>COVID-19 pandemic impacts</p> Signup and view all the answers

    What is a key component in evaluating the effectiveness of a sport organization?

    <p>Quality of supporting evidence</p> Signup and view all the answers

    What type of organization aims to achieve objectives without making a profit?

    <p>Nonprofit organizations</p> Signup and view all the answers

    What is the primary purpose of territorial rights in professional sports?

    <p>To ensure teams have exclusive control over geographic areas</p> Signup and view all the answers

    What is a key characteristic of collective bargaining in sports?

    <p>Players collaborate to negotiate working conditions and salaries</p> Signup and view all the answers

    Which of the following mechanisms helps maintain competitive balance in sports leagues?

    <p>Salary cap and luxury tax</p> Signup and view all the answers

    What is the role of free agency in a competitive labor market for players?

    <p>Players can negotiate with any team after their contracts end</p> Signup and view all the answers

    Why is television important for professional sports?

    <p>It generates visibility and significant revenue</p> Signup and view all the answers

    What does the player draft system achieve in professional sports?

    <p>It allows the worst teams to select the best new talent</p> Signup and view all the answers

    What is the main benefit of the sport/media complex?

    <p>Each benefits from the other's growth and visibility</p> Signup and view all the answers

    What happens when a team exceeds the salary cap?

    <p>They must pay a luxury tax to help weaker teams</p> Signup and view all the answers

    What is the primary goal of the Edmonton Oil Kings practicum assignment?

    <p>Sell 75 tickets</p> Signup and view all the answers

    What is one topic you could write about for the term paper option?

    <p>Defining Sport and Leisure Management</p> Signup and view all the answers

    Which of the following best describes the nature of 'personal training' as stated in the content?

    <p>Social interactions, knowledge, and experience</p> Signup and view all the answers

    What is an example of a segment within the public category of the sport industry?

    <p>Collegiate athletics</p> Signup and view all the answers

    Which statement best reflects the concept of sport as a social institution?

    <p>Sports shape social and cultural norms.</p> Signup and view all the answers

    Which task cluster is associated with understanding financial systems in sports organizations?

    <p>Sport Enterprise Financial Structures</p> Signup and view all the answers

    What is essential for success in understanding the sport industry?

    <p>Knowledge of both traditional and new sports</p> Signup and view all the answers

    Which of the following aspects is NOT identified as a competency in sport management?

    <p>Negotiation Skills</p> Signup and view all the answers

    What is intrinsic motivation in the context of cultural change?

    <p>Employees being motivated by the new culture</p> Signup and view all the answers

    Which of the following is NOT one of the three tests for cultural change?

    <p>External motivation</p> Signup and view all the answers

    What role do professional athletes play in the industry?

    <p>Labor providing the talent</p> Signup and view all the answers

    What does the term 'shamateur' refer to in sports history?

    <p>Athletes who appear amateur but are paid</p> Signup and view all the answers

    Which of these is a key principle of the professional sport industry?

    <p>Management involving owners and executives</p> Signup and view all the answers

    How do professional sports teams generally benefit from each other?

    <p>By competing against one another</p> Signup and view all the answers

    Which factor significantly influences the governance of professional sports?

    <p>Regulatory bodies</p> Signup and view all the answers

    What is a primary challenge facing professional sports moving forward?

    <p>Sustaining revenue sources</p> Signup and view all the answers

    Study Notes

    KRLS 105 - Introduction to Management: Sport, Physical Activity, and Recreation

    • Practicum Options: Students can choose between a ticket sales practicum for the Edmonton Oil Kings, a practicum with Marty Nedjelski at the Centre for Recreation Research, or a term paper focusing on defining sport and leisure management.
    • Sport Industry Value: The global sport industry is estimated to be worth $620 billion.
    • Sport Industry Segments: The industry includes both public (federal, provincial, regional, and local non-profit organizations) and commercial (professional, commercial sports, sporting goods, media, and corporations) organizations.
    • Sport Management Task Clusters: Refer to Slide 12 for a detailed description of task clusters in sport management.
    • Sport Management Competencies: Critical thinking skills are essential for success in sport management.
    • Critical Thinking Defined: Requires asking relevant and critical questions, rather than simply thinking, negative thinking, or creative thinking.
    • Critical Thinking Questions:
      • Identify the main problems and conclusions in any situation.
      • Understand the reasoning behind decisions or events.
      • Identify terms like "performance," "code," or "injury" that could be unclear.
      • Uncover the underlying conflicts and assumptions influencing decisions.
      • Consider assumptions about what might happen.
      • Look for flawed reasoning in arguments or decisions.
      • Evaluate the quality of the supporting evidence.
      • Identify any missing information that could affect the outcome.
    • Future Challenges and Opportunities:
      • The impact of COVID-19 on sports events, management, and access.
      • The increasing role of technology in making sports more accessible.
      • Ensuring organizations uphold ethical standards and engage in social responsibility.
    • Types of Sport Organizations: Include public (government-based), non-profit (not government-controlled, focus on objectives without profit), and commercial (operate for profit) organizations.
    • Organizational Environment: Composed of the general environment (factors like interest rates, oil prices, the economy, and technology that affect sports organizations) and the specific environment (stakeholders internal and external to organizations, including consumers, suppliers, and competition).
    • Evaluating Organizational Effectiveness: Reward allocation is a significant factor influencing organizational culture.
    • Changing Culture:
      • Cultural change is challenging and can be either incremental or sudden.
      • Three tests for cultural change:
        • Intrinsic motivation: Employees are motivated by the new culture, not external pressures.
        • Behavior alignment: Employees naturally act according to the new culture.
        • Breaking old norms: Employees act against old norms to support new cultural values.

    Nature and Emergence of Professional Sport

    • Professional Sport's Powerful Role in Society: Professional sports significantly influence social, cultural, and economic aspects of society.
    • Three Key Principles of the Industry:
      • Labor: The athletes who provide the talent.
      • Management: Team owners, executives, and managers who run the organizations.
      • Governance: The bodies that regulate and control the operations of professional sports.
    • Historical Developments:
      • Early professional sports were marked by boosters (people promoting the sport) and ringers (highly skilled individuals seeking to improve team performance).
      • The concept of "shamateur" refers to athletes who were paid while maintaining the appearance of being amateurs.
    • Territorial Rights: Teams have exclusive control over specific geographic areas to reduce competition within their league.
    • Intra-League Competition: The practice of violating territorial rights to reduce competition within a league.

    Labor-Management Relations

    • Antitrust and Labor Exemptions: Professional sports are governed by unique legal frameworks that impact competition and labor.
    • Collective Bargaining: Negotiations between players and management to determine working conditions, salaries, and other aspects of employment.
    • Competitive Labor Market: Players seek more freedom in choosing teams, leading to free agency and player drafts.
    • Free Agency: Players negotiate with any team after their contract ends.
    • Player Draft: Teams select new players from a pool of eligible athletes, with the worst teams getting the best picks.
    • Restrictions on Management:
      • Salary Cap: Limits on how much teams can spend on player salaries.
      • Luxury Tax: Teams that exceed the salary cap pay additional penalties.

    Role of Electronic and New Media

    • Importance of Television: TV is crucial for professional sports, increasing visibility and generating revenue.
    • Sport/Media Complex: The relationship between sports and media is symbiotic, with each benefiting from the other.
    • Emerging Media: Digital platforms and social media are becoming new sources for expanding the reach of professional sports.

    Revenue Sources for Professional Sports Teams

    • Media Contracts: Deals with TV networks and digital platforms provide a significant portion of team income.
    • Gate Receipts: Revenue from ticket sales at games.
    • Licensing and Merchandising: Profits from the sale of team-branded merchandise and licensing deals.
    • Sponsorship: Companies pay for partnerships, brand visibility, and endorsements.
    • Public Subsidies for Facilities: Governments often contribute to the construction or renovation of sports stadiums and arenas.

    Future Challenges and Opportunities in Professional Sports

    • Maintaining Labor-Management Harmony: Ensuring peaceful and productive relations between players end management.
    • Developing New Revenue Streams: Innovation in generating income beyond traditional sources.
    • Meeting Technology Challenges: The rise of new technologies presents both opportunities and challenges for professional sports.
    • Managing Globalization: Adapting to global markets and fans.

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    Related Documents

    KRLS 105 Intro to Management, Sport, and Recreation (PDF)

    Description

    This quiz covers key concepts from KRLS 105, focusing on sport, physical activity, and recreation management. Students will explore practicum options, the value of the sport industry, and essential competencies needed for success in this field. Test your understanding of sport management principles and critical thinking skills.

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