ipl-logo

Jeb And Josh Arcadia Sports Business Case Study

742 Words3 Pages

Jeb and Josh Arcadia Sports business seemed like a good idea until Jane a customer of Josh's white river rafting suffers a concussion while damaging her spine and Jeb's wind farm shut down due to government regulations. Seemingly, in such instances, friends should not go into business with one another. That is because two friends beginning a business surpasses the sole proprietorship with one owner or a married couple to a general partnership with two or more individuals that share equal profits, debt, and liability of the terms of the contract (Kubasek, Brown, Dhooge, Herron & Barkacs, 2017). The drawbacks to the general partnership compared to the sole proprietorship are that one business owner could lose monies and reputation due to the failure of performance from the other business owner. …show more content…

In turn, Travelers neglected to maintain finances, and Weill fired Dimon as a result of such competition (Hitt, Ireland & Hoskisson, 2012). Therefore, the Traveler's suffered a business loss with the outcome of Weill's firing of Dimon. Although, there are positive advantages to a general partnership like the buy and sell relationship which benefits the purchasing of stocks and purchasing methods for the business (Peterson & White, 2000). In other words, the value of stocks according to the business shares costs between partners when beginning a business. Despite the benefits of general partnership Jeb and Josh would have benefited with either a limited partnership or tenets in common, so both could share in the profits but have limits in liability to one another's

Show More
Related

  • Nt1330 Unit 3 Assignment 1

    485 Words  | 2 Pages

    Partners are the agent for each other with respect to the conduct of the business which means an individual partner can incur an obligation for which all the other partners are also responsible; 2.

    Read More

  • Advise Shania On Which Of The Business Forms Under Consideration Best Accomplishes Her Business Goals

    1139 Words  | 5 Pages

    I believe a limited liability company would be best since it is not difficult to set up, isolates your own advantages from business and less authoritative obligations related with it (Johnson, 2015). A limited liability company is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation (Silvia, 2013). Anyone can be a partner in a limited partnership (Hay, 2008, p.1). Since Shania’s husband doesn’t want to be a managing partner, Shania would be sole owner and proprietor.

    Read More

  • Why I Want To Pursue A Sports Management Degree At Wingate University

    409 Words  | 2 Pages

    During the beginning of this essay of intent for Graduate School admission there at Wingate University-Charlotte, I will have to first state that it was at South Aiken High School where my passion for assisting in the area of basketball began. As a student at South Aiken High School, I became the women’s basketball manager where I managed the team for four years. In those four years of managing the women’s basketball team I assisted the players by having their uniforms clean, filling water bottles, and keeping score during scrimmages and home games. Furthermore, in 2013, I had the honor and privilege of volunteering with the Winthrop University men’s baseball team.

    Read More

  • Why Athletes Go Broke Analysis

    541 Words  | 3 Pages

    Like everything else in life, money comes with choices. The choice to build an emergency fund, the choice to spend it all in one place, the choice to invest, the choice to use diversification and spread your money into different places, etc. However, many of these choices most people make aren’t good ones and have a lasting negative impact on the rest of their lives. For example, in the beginning of ESPN’s 30 For 30, they stated the statistic of, “By the time they have been retired for two years, 78 percent of former NFL players have gone bankrupt or are under financial stress; within five years of retirement, an estimated 60 percent of former NBA players are broke.”

    Read More

  • Mark Cuban Definition Of Sports Marketing Essay

    677 Words  | 3 Pages

    Sports marketing is much more unique than other businesses because of the emotional connection people create with the organization. Mark Cuban provided examples of this through his video when he said fans would reach out him and send him emails to thank him for the Mavericks success and he would respond to them which would also help create this connection. These email would come from parents or children who were sick, this shows how dedicated and loyal fans can truly become. Another example is how parades would be thrown after the Dallas Mavericks had won the NBA championship which shows how invested these fans are into the organization. Cuban even goes deeper to explain how there is a different type of energy in the air whenever the Dallas Mavericks win versus when they lose.

    Read More

  • Overview And History Of Charlotte Sport's Sports Industry Impact

    778 Words  | 4 Pages

    This paper details the economic impact that the sports industry has on Charlotte in driving economic vitality and assets surrounding sport. While the NFL has clear and specific criteria for cities hosting the Super Bowl, a review of the impact of sport suggests that Charlotte, North Carolina continues to compete in hosting major events to be a future host. I. Introduction i. Overview and History of Charlotte Sport’s Industry Impact America’s premier sporting event is the Super Bowl. Charlotte, North Carolina is one of few NFL cities that has yet to host the big game.

    Read More

  • Sports Information Director

    1461 Words  | 6 Pages

    The job of a Sports Information Director, or an SID, can be challenging, yet rewarding. A sports information director is basically a public relations specialist for their respective professional team or college’s athletic program. They are responsible for all of the information that is associated with that athletic program. They make the media’s job easier by being very organized, and are responsible for attending the games and taking notes before sending them to the media outlets (Amico 1). This occupation has many responsibilities and there are many skills needed to be able to handle all of them.

    Read More

  • New England Colonies Vs Southern Colonies Essay

    658 Words  | 3 Pages

    It had a few advantages over other businesses. The Joint-Stock Company helped out by not dissolving the death of the main owner and by limiting their liability, in which

    Read More

  • Taking A Look At Non-Profit Organizations

    770 Words  | 4 Pages

    Thus, it is designed to provide a corporation with tax efficiencies and flexibility of operating in a partnership which is a feature of limited liability. It is now usable in most states because of the new structure of a type of hybrid business (Megginson et al.,

    Read More

  • Dynamic Duo Case Summary

    801 Words  | 4 Pages

    Background Analysis Dynamic duo, is a manufacturing plant established several months ago by two industrious young energetic business students, Drew Saline and Jack Richer, of Poedunk University in Poedunk, U.S.A. Dynamic Duo, Incorporated, has only one supervisor in charge, who appears to be somewhat concerned with safety, however, practically all of the facility owners (Drew Saline and Jack Richer), appear totally devoid of having any remote knowledge about safety and compliance with OSHA standards. (Banardin & Russell, 2013). Although these venturesome business students-owners are currently making their rounds on the business track, as it relates to the study of business as students, the necessary knowledge needed for successfully operating

    Read More

  • Jamba Juice Case Study Solution

    962 Words  | 4 Pages

    Jamba Juice is a smoothie and juice café that is known for their healthy alternatives to sugar packed meals and drinks. When they opened the doors to their first store in 1990 under the name of Juice Club, they were the only free standing healthy juice and smoothie café, similar to what was offered only in small, local health food stores at the time. In 2008 James D. White was hired as the new CEO of Jamba Juice. Bringing his experience from major US food and drug retailer, Safeway, White hoped to come up with a new strategic plan and direction for the company. However, the company faced many difficulties at the time: they had recently entered an area that was in direct competition with the likes of Starbucks and McDonalds, without the financial backing that those restaurants had.

    Read More

  • Sport Obermeyer Case Study Solution

    1436 Words  | 6 Pages

    SPORT OBERMEYER, Ltd. EMBA – SEPT 15 – ENG-BL – S2 TEAM A 1. Using the sample data given in Exhibit 10, make a recommendation for how many units of each style Wally Obermeyer should order during the initial phase of production. Assume that all ten styles in the sample problem are made in Hong Kong, and that Obermeyer 's initial production commitment must be at least 10,000 units. (Ignore price differences among styles in your initial analysis.)

    Read More

  • Operations Management Case Study: American Connector Company

    2441 Words  | 10 Pages

    OPERATIONS MANAGEMENT CASE STUDY AMERICAN CONNECTOR COMPANY Submitted to: Professor Jishnu Hazra Submitted by: GROUP 2 (SECTION B) Itee Aggarwal 1411095 Preetam Das 1411117 Siddharth Nayak 1411129 Abhishek Singh 1411072 Ashish Pawar 1411084 Nakul Sehgal 1411106  INTRODUCTION American Connector Corporation (ACC) is a supplier of electrical connectors based out of Sunnyvale, California since 1961. ACC relied on its ability to produce high quality customized products for its users. In USA, 1991 had seen sales fall by 3.9% over the last year and the industry was seeing a decline since 1987. ACC was struggling with increasing costs and deteriorating quality In line with the industry trends.

    Read More

  • A Personal Perspective Of Competition In The Sports Industry

    549 Words  | 3 Pages

    Sporting events have shaped the way modern entertainment is perceived and celebrated in households around the world, thus making department stores for sports essential in this rapid growing economic field. As an employee of Sports Authority the Marxism perspective of competition is present when small local businesses sell merchandise from the same manufacture as major corporations but for a more expensive price. For example the Shrewsbury Running Store sells a pair of Asics Gel Kayano 21 running sneakers for $215, while Sports Authority sells the Kayano’s for $150 and often with weekly sales they drop to $100. Local businesses struggle with supply and demand while major corporations with multi millionaires backing them can get endorsements and restock inventory at a mass rate thus making them more appealing to the normal consumer and ultimately putting the local businesses out of competition. That also makes major corporations apart of the macro perspective or the bigger picture, unlike small businesses major sporting good stores garner large crowds and ultimately gain income that

    Read More

  • Athlete's Warehouse Case Study

    1080 Words  | 5 Pages

    Provide three strengths, weaknesses, opportunities, and threats (each) for Athlete’s Warehouse. Provide a brief, overall evaluation of this organization based on your findings: The Athlete’s ware house Strengths Athletic background: The power brothers have an Athlete background, Colin Power, 30, was educated as a Physical Education teacher, and Ed, 46, was also athletic having played goal for the Grand Falls ANDCOS in the Newfoundland Senior Hockey league to start an athlete business; I believe they are supposed to know who to attract and what to attract them. Experience: Colin and his brother were expertise already in the business as they already had prior experiences, working as the Executive Director of the Grand Falls YMCA, opening their first store called Athlete's Warehouse and 'The Fitness Factory.

    Read More

More about Jeb And Josh Arcadia Sports Business Case Study

Open Document