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General Manager (ice Hockey)
A general manager (GM) 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. 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. More rarely, the chief financial officer (CFO), chief operating officer (COO), or chief marketing officer (CMO) will act as the general manager of the business. Depending on the company, individu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revenue
In accounting, revenue is the total amount of income generated by the sale of product (business), goods and services related to the primary operations of a business. Commercial revenue may also be referred to as sales or as turnover. Some company, companies receive revenue from interest, royalties, or other fees. This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to 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". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, revenue is a subsection of the equity section of the balance statement, since it increases equity. It is often referred to as the "top line" due to its position at the very top of the income statement. This is to be contrasted with the "bottom line" which denotes net income (gross reve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scout (sport)
In professional sports, scouts are experienced talent evaluators who travel extensively for the purposes of watching athletes play their chosen sports, and they determine 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. Skilled scouts who help to det ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Draft (sports)
A draft is a process used in some countries (especially in North America) and sports (especially in closed leagues) 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 process is similar to round-robin item allocation. 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 sports, 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 team can sign contracts with all of the best young players and make the league uncompetitive. To encourage parity (sports), parity, teams that do poorly in the previous season usually get ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sports Agent
A sports agent is a legal representative (hence agent (law), agent) for professional sports figures such as athletes and coaches. They procure and negotiate employment and Testimonial, endorsement contracts for the principal (commercial law), athlete or coach whom they represent. In addition to contract negotiations, sports agents may also help their clients with financial planning, legal issues, and marketing. They may work closely with financial advisors, lawyers, and marketing professionals on behalf of their clients. Description Because of the unique characteristics of the sports industry, sports agents are responsible for communications with team owners, managers, and other individuals. In addition to finding income sources, agents often handle public relations matters for their clients. In some large sports agencies, such as International Management Group, IMG, Creative Artists Agency, Roc Nation Sports and Octagon (Sports Agency), Octagon, agents deal with all aspects of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coach (sport)
An athletic coach is a person coaching in sport, involved in the direction, instruction, and training of a sports team or athlete. History The original sense of the word ''Coach'' is that of a Coach (carriage), horse-drawn carriage, deriving ultimately from the Hungarian city of Kocs where such vehicles were first made. Students at the 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. Britain took the lead in upgrading the status of sports in the 19th century. For sports to become professionalized, "coacher" had to become established. It gradually professionalized in the Victorian era and the role was well established by 1914. In the First World War, military units sought out the coaches to supervise physical conditioning and develop morale-building teams. Effectiveness John Wooden had a philosophy of coaching that encouraged planning, organ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contracts
A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent to transfer of goods, services, money, or promise to transfer any of those at a future date. The activities and intentions of the parties entering into a contract may be referred to as contracting. In the event of a breach of contract, the injured party may seek judicial remedies such as damages or equitable remedies such as specific performance or rescission. A binding agreement between actors in international law is known as a treaty. Contract law, the field of the law of obligations concerned with contracts, is based on the principle that agreements must be honoured. Like other areas of private law, contract law varies between jurisdictions. In general, contract law is exercised and governed either under common law jurisdictions, civil law jurisdictions, or mixed-law jurisdictions that combine el ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Professional Sports
In professional sports, as opposed to amateur sports, participants receive payment for their performance. Professionalism in sport has come to the fore through a combination of developments. Mass media and increased leisure have brought larger audiences, so that sports organizations or teams can command large incomes. As a result, more sportspeople can afford to make sport their primary career, devoting the training time necessary to increase skills, physical condition, and experience to modern levels of achievement. This proficiency has also helped boost the popularity of sports.Andy Miah Sport & the Extreme Spectacle: Technological Dependence and Human Limits' (PDF) Unpublished manuscript, 1998 In most sports played professionally there are many more amateur than professional players, though amateurs and professionals do not usually compete. History American football American football (commonly known as football in the United States) was professionalized in the 1890s as a s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Relations
Labour relations in practice is a subarea within human resource management, and the main components of it include collective bargaining, application and oversight of collective agreement obligations, and dispute resolution. Academically, employee relations, another related term, is considered a subarea of labour relations, and both taxonomically fall under the broader field of industrial relations. Labour relations is defined as "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." Labour relations is also known as labour studies in liberal arts and is a multidisciplinary field that draws from economics, sociology, history, law, and political science. Scholars in this field examine labour unions and labour movements. In an interdiscipli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Relations
Public relations (PR) is the practice of managing and disseminating information from an individual or an organization (such as a business, government agency, or a nonprofit organization) to the public in order to influence their perception. Public relations and publicity differ in that PR is controlled internally, whereas publicity is not controlled and contributed by external parties. 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. The exposure is mostly media-based, and this differentiates it from advertising as a form of marketing communications. Public relations often aims to create or obtain coverage for clients for free, also known as earned media, rather than paying for marketing or advertising also known as paid media. However, advertising, especially of the type that focuses on distributing information or core PR messages, is also a part ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project Management
Project management is the process of supervising the work of a Project team, team to achieve all project goals within the given constraints. This information is usually described in project initiation documentation, project documentation, created at the beginning of the development process. The primary constraints are Scope (project management), scope, time and budget. The secondary challenge is to operations research, optimize the Resource allocation, allocation of necessary inputs and apply them to meet predefined objectives. The objective of project management is to produce a complete project which complies with the client's objectives. In many cases, the objective of project management is also to shape or reform the client's brief to feasibly address the client's objectives. Once the client's objectives are established, they should influence all decisions made by other people involved in the project– for example, project managers, designers, contractors and subcontractors ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
