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General Manager
A General Manager is an executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known as profit & loss (P&L) responsibility. A General Manager usually oversees most or all of the firm's marketing and sales functions as well as the day-to-day operations of the business. Frequently, the General Manager is responsible for effective planning, delegating, coordinating, staffing, organizing, and decision making to attain desirable profit making results for an organization (Sayles 1979).[1] In many cases, the General Manager of a business is given a different formal title or titles. Most corporate managers holding the titles of chief executive officer (CEO) or president, for example, are the General Managers of their respective businesses
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Revenue
In accounting, revenue is the income that a business has from its normal business activities, usually from the sale of goods and services to customers. Revenue
Revenue
is also referred to as sales or turnover. Some companies receive revenue from interest, royalties, or other fees.[1] Revenue
Revenue
may refer to business income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profits or net income generally imply total revenue minus total expenses in a given period. In accounting, in the balance statement it is a subsection of the Equity section and revenue increases equity, it is often referred to as the "top line" due to its position on the income statement at the very top
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Sports Draft
A draft is a process used in some countries and sports to allocate certain players to teams. In a draft, teams take turns selecting from a pool of eligible players. When a team selects a player, the team receives exclusive rights to sign that player to a contract, and no other team in the league may sign the player. The best-known type of draft is the entry draft, which is used to allocate players who have recently become eligible to play in a league. Depending on the sport, the players may come from college, high school or junior teams or teams in other countries. An entry draft is intended to prevent expensive bidding wars for young talent and to ensure that no one team can sign contracts with all of the best young players and make the league uncompetitive
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Cost
In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer
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Public Relations
Public relations
Public relations
(PR) is the practice of managing the spread of information between an individual or an organization (such as a business, government agency, or a nonprofit organization) and the public.[1] Public relations
Public relations
may include an organization or individual gaining exposure to their audiences using topics of public interest and news items that do not require direct payment.[2] This differentiates it from advertising as a form of marketing communications. Public relations
Public relations
is the idea of creating coverage for clients for free, rather than marketing or advertising
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Labor Relations
Labor relations is a field of study that can have different meanings depending on the context in which it is used. In an international context, it is a subfield of labor history that studies the human relations with regard to work – in its broadest sense – and how this connects to questions of social inequality. It explicitly encompasses unregulated, historical, and non-Western forms of labor. Here, labor relations define "for or with whom one works and under what rules. These rules (implicit or explicit, written or unwritten) determine the type of work, type and amount of remuneration, working hours, degrees of physical and psychological strain, as well as the degree of freedom and autonomy associated with the work."[1] More specifically in an American and strictly modern context, labor relations is the study and practice of managing unionized employment situations
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Sports Management
Sport management is the field of business dealing with sports and recreation. Some examples of sport managers include the front office system in professional sports, college sports managers, recreational sport managers, sports marketing, event management, facility management, sports economics, sport finance, and sports information. Bachelor's and master's degrees in sport management are offered by many colleges and universities.[1][2] A number of classes outside sport management may be relevant to the field, including; classes in management, marketing, business administration, economics, and accounting
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Professional Sports
Professional sports, as opposed to amateur sports, are sports in which athletes receive payment for their performance. Professional athleticism has come to the fore through a combination of developments
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Contracts
A contract is a voluntary arrangement between two or more parties that is enforceable by law as a binding legal agreement. Contract
Contract
law recognises and governs the rights and duties arising from agreements.[1] Within jurisdictions of the civil law tradition, contract law is a branch of the law of obligations. At common law, formation of a contract generally requires an offer, acceptance, consideration, and a mutual intent to be bound
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Coach (sport)
In sports, a coach is a person involved in the direction, instruction and training of the operations of a sports team or of individual sportspeople. A coach may also be a teacher.Contents1 History 2 Support staff 3 Association football 4 Baseball 5 American football 6 United Kingdom 7 United States 8 Emotions in Coaching 9 Preparation 10 Game plan 11 See also 12 Notes 13 ReferencesHistory[edit] The original sense of the word coach is that of a horse-drawn carriage, deriving ultimately from the Hungarian city of Kocs
Kocs
where such vehicles were first made. Students at the University of Oxford
University of Oxford
in the early nineteenth century used the slang word to refer to a private tutor who would drive a less able student through his examinations just like horse driving.[citation needed] Britain took the lead in upgrading the status of sports in the 19th century
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Sports Agent
A sports agent is a legal representative hence agent for professional sports figures like athletes and coaches and procures and negotiates employment and endorsement contracts for the athlete or coach whom they represent. Because of the unique characteristics of the sports industry, sports agents are responsible for communications with team owners, managers, and other individuals. Primarily, agents are used to broker and negotiate contracts for their clients. Also, they are responsible for making recommendations in regard to the athlete's options. In addition to finding income sources, agents often handle public relations matters for their clients
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Scout (sport)
In professional sports, scouts are experienced talent evaluators who travel extensively for the purposes of watching athletes play their chosen sports and determining whether their set of skills and talents represent what is needed by the scout's organization. Some scouts are interested primarily in the selection of prospects, younger players who may require further development by the acquiring team but who are judged to be worthy of that effort and expense for the potential future payoff that it could bring, while others concentrate on players who are already polished professionals whose rights may be available soon, either through free agency or trading, and who are seen as filling a team's specific need at a certain position. Advance scouts watch the teams that their teams are going to play in order to help determine strategy. Many scouts are former coaches or retired players, while others have made a career just of being scouts
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Revenue Management
Revenue
Revenue
management is the application of disciplined analytics that predict consumer behaviour at the micro-market level and optimize product availability and price to maximize revenue growth. The primary aim of revenue management is selling the right product to the right customer at the right time for the right price and with the right pack
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Minor League
Minor leagues are professional sports leagues which are not regarded as the premier leagues in those sports. Minor league teams tend to play in smaller, less elaborate venues, often competing in smaller cities. This term is used in North America
North America
with regard to several organizations competing in various sports. They generally have lesser fan bases and smaller budgets. The minor league concept is a manifestation of the franchise system used in North American sports, whereby the group of major league teams in each sport is fixed for long periods between expansions or other adjustments, which only take place with the consent of the major league owners. In Europe, and many other parts of the world, the football leagues have many divisions below the top-flight as part of the football pyramid
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Association Football
Association football, more commonly known as football or soccer,[a] is a team sport played between two teams of eleven players with a spherical ball. It is played by 250 million players in over 200 countries and dependencies, making it the world's most popular sport.[3][4][5][6] The game is played on a rectangular field with a goal at each end. The object of the game is to score by moving the ball beyond the goal line into the opposing goal. Players are not allowed to touch the ball with outstretched hands or arms while it is in play, unless they are goalkeepers within their penalty area. Other players mainly use their feet to strike or pass the ball, but may also use any other part of their body except the hands and the arms. The team that scores the most goals by the end of the match wins. If the score is level at the end of the game, either a draw is declared or the game goes into extra time or a penalty shootout depending on the format of the competition
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Manager (association Football)
In association football, a manager is an occupation of head coach in the United Kingdom
United Kingdom
responsible for running a football club or a national team
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