Free Essay

Sports Partnerships in Action

In:

Submitted By GeorgeForman
Words 2358
Pages 10
1.0 Introduction
In the modern sports industry, there is a need, more than ever before for UK sports organisations to take the partnership approach. This is important because there is no way one organisation can achieve all of its aims and goals on their own, and so this strategy is increasingly being recognised, and will need to be increasingly integrated into the industry.
The main method that partnerships approach funding is usually by the government. Organisations such as Sports England are a good example that is funded by the DCMS, which are primarily funded by the government. Within sports, National Governing Bodies (NGB’s) are funding organisations such as Sports England as a strategy to grow, sustain and excel networks of community clubs, coaches and volunteers (Sport England, 2011). NGB’s are an important factor in how a sports partnership will run. Like all other organizations these national governing bodies (NGBs) operate in an ever changing environment and require effective systems of governing to defend against any unfairly allocated funds, as well as ensuring the long-term sustainability and strength of their sport (Taylor, M. O’Sullivan, N., 2009).
There is always an importance in sport for there to be strong and productive grassroots and school participation. Although, recently there have been reductions in funding, on a national and an international level. Grassroots sports and young communities are primarily financed by local authorities. The trend in some countries is that local authorities reduce their efforts to support local clubs, to finance sport facilities and other recreations, they tend to cancel or postpone expenses, because they have other priorities. In grassroots sports it is a common trend for all sport organisations at international level for the withdrawal of private partners. National governments sometimes have to cut down budget devoted to sport, which is problematic for countries where involvement of local funding is very high (Fonteneau, M. 2010).
Apart from the problems with funding, there are also other barriers to participation within sports. There are different factors which act as a barrier to someone participating in sport, most commonly being a person’s age group; young children are generally the easiest age group to get involved in sport. This is because of the parental support and guidance which they receive, whether it is well received or not.
The aim of this essay is to analyse a partnership case study (The Sporting Chance Project, Cheshire, England) in order to identify the problems and benefits associated with it, and suggest an improvement that would be of benefit to the partnership.
2.0 Main body
In Cheshire, the county sports partnership developed working relations with a wide range of partners including the Connexions Service, Sports Network North West, Voluntary Organisations and Community Groups. This programme linked young people with opportunities in sports leadership, coaching and volunteering opportunities. The aims of this partnership was to increase the sport and leisure opportunities available to young persons, to develop their personal skills with reference to their self-image, awareness, building confidence, improving communication skills, personal development and citizenship. In the case study they state “Our aim is to create a “single system” whereby all agencies work together more effectively to widen access, increase participation, create clear pathways and improve levels of performance in sport and physical activity” (Cheshire and Warrington Sport Partnership 2009).
2.1 Organisations, their sectors and their aims
As explained before, this is a very difficult objective for one organisation to achieve on its own, and shows the need for partnerships in order to for this to happen. In accordance to this the Cheshire county sports partnership decided to use an organisation called the Connexions Service. This was part of a government strategy to reduce social exclusion among young people. The key aims of the Service are to enable all young people to participate effectively in appropriate learning, by raising their aspirations so that they reach their full potential. The service plays a central role in helping to deal with problems experienced by young people, removing any wider barriers to effective engagement in learning that young people are suffering. It does this by providing high quality support and guidance, and by brokering access for young people to a range of more specialist services (infed, 2011).
This partnership also includes input from Voluntary Organisations which are non-profit organisations and are non-governmental which operate in the public sector, although the funding of these organisations is usually provided by the local government and the local council which can be applied for. In some circumstances they can be privately funded.
Another partner in this project is Community groups; these are non-profit organisations that operate within a single local community in the public sector. They are essentially a subset of the wider group of non-profits. Like other non-profits they are often run on a voluntary basis and are self-funded. Within a community there can be many variations in terms of size and organisational structure. With these two non-profit organisations, their aims and objectives are led by the beliefs they stand for, for the benefit of others.
2.2 Existing partnership
An important goal for this partnership was to increase the sport and leisure opportunities available to young persons and to actively support them and give them what they need to be the best that they can be. As a main objective, creating opportunities for young people aged 13 – 19 years with sports leadership, coaching and volunteering opportunities, is an important part to achieving this goal. This is where the role of the volunteering and community groups comes in to increase social inclusion, as they guide the young people and help them to understand how volunteering is an effective way to build up and gain skills for the long term, which the disadvantaged and excluded people would not otherwise be able to achieve. There are many partnerships across the UK trying to achieve the same goals as The Sporting Chance Project using such organisations as voluntary and community groups.
An example of this is an organisation called Speaking Out. Speaking Out is a partnership between the National Council of Voluntary Child Care Organisations (NCVCCO) and the National Council of Voluntary Youth Services (NCVYS) to build a voice for the children and young people’s voluntary and community sector across Government. The project develops closer links between Government departments and the voluntary and community sector in delivering cross departmental plans such as Every Child Matters and the direct implementation of initiatives which affect children and young people. The project aims to support children, young people and family voluntary and community organisations to better understanding the aims and impact on their users of a wider range of government policies and provide routes to influence them. They are funded by the Office of the Third Sector part of the Cabinet Office (Childrenengland, 2007). This shows a clear need across the UK for a change, and an ever present push to the government for more of these types of opportunities to be created to improve social inclusion.
Another main objective to the partnership was to develop personal and leadership skills for young people. Not skills just related to sport, but skills that they could use throughout life, in many circumstances and as a way to develop their character and understanding. This is where the Connexions service comes in to provide help to young people by improving their self-image, awareness, confidence, communication skills, personal development and citizenship. They would do this by providing guidance and an actual opportunity to a coherent, appropriate, high quality pathway to adult and working life for an every young person, offering the widest possible individual choice. They would provide the means to equip young people with the higher skill levels they will need to operate effectively in the rapidly changing jobs market of the future. And to develop targeted systems of support for those who need it and when they need it, linking all aspects of young people’s lives.
2.3 Social inclusion
Social inclusion is primarily making sure that all of society is able to participate as valued, respected and contributing members of society. It is a value based concept, and gives us a way of understanding where we want to be in society and how to get there in the best possible way. Social inclusion is a proactive, human development approach to a good society that needs more than the removal of barriers or risks to work, but requires an investment and things to be done to make it possible for inclusion.
To achieve social inclusion there are many different dimensions which need to be considered. One concept of social inclusion is valued recognition, which basically means a recognition and respect for different cultures and genders of people. Another dimension is human development, this is a way of developing the talents, skills, capacities and choices of society, to live in a way that they feel they are valued and are able to make a contribution. These dimensions link in with the Sporting Chance Project, as one of their main aims was to develop personal skills and increase citizenship, which would have been a role of the Connexions service. This was all part of a government strategy which largely intended to tackle social-exclusion. This is why the Connexions service was an integral part of this partnership as it gave a clear guidance to young people, who otherwise would not be able to get involved in the activities that this project offers, and only for the reason that they did not have the opportunity and the knowledge that these types of activity took place, and offered them the guidance to a better life.
Thirdly, involvement and engagement is an important factor to social inclusion. These means knowing that you have the right, and are supported in your decisions to be involved in outcomes affecting yourself, your family and your community, and to be more involved in the community. Proximity is another dimension to social inclusion; this is basically sharing spaces which allow opportunities for interaction between people who live in the same area, go to the same school, or work in the same place. And lastly material well-being, this is making sure people have the facilities and resources to allow them to fully participate within their community. These three dimensions link in to the Sporting Chance Project as they are all examples of how the volunteering and community groups can help to bring a community together, and gives young people the opportunity to see how volunteering and working in a community atmosphere can affect people positively, and thus make them feel like they have been involved in something which they would not have been able to before (Donnelly, P. Coakley, J. 2002).
2.4 Suggested improvements
I think that this project turned out to be a partial success, as they managed to get seven programmes running weekly across the county. But, they only had up to 80 people taking part. I think that this could be addressed by accessing schools in the area and I think that this would expand to more young people. An example of something that they could have taken part in is Sports England’s ‘School Games’. The School Games is a four level competition for school children in England. It consists of an intra school, inter school, county festivals and national finals stages. This whole event has been funded £128m by the government and the Lottery (Sports England, 2011). The Sports Chance Project could have done something that resembled the ‘School Games’ with schools from within the county. They could have applied for funding through a few different options. Firstly, they could have been funded through a programme such as Sports Unlimited, which share the same objectives as the Sporting Chance Project, as it targeted young people who may have an interest in sport, but aren’t involved with the community or a club (Sports England, 2011). Alternatively they could have looked for sponsorship from a local business that they were closely linked to.
3.0 Summery
This assignment has identified qualitative understandings of the reasons why the Sporting Chance Project took place, how the partnership worked, and the overall objectives that they intended to achieve, with a suggestion to how it could improve. The partnership of these organisations to create the Sporting Chance Project was formed primarily to create opportunities for young people, and to develop personal skills. Social inclusion was one of the main aims of the partnership; this shows a need from the government in getting young people doing more in the community, and feeling more involved, useful and accepted in their community. Although this project was done well and the outcomes it achieved were positive for their local community, I feel that if it had been pursued and had grown and been extended with more activities and opportunities it could have been even more beneficial.

4.0 References
Sport England, (2011)
Funding [Online]
Available at (http://www.sportengland.org/funding.aspx)
Accessed on [18/10/2011]

Taylor, M. O’Sullivan, N. (2009)
Corporate Governance: An International Review
How Should National Governing Bodies of Sport Be Governed in the UK? An Exploratory Study of Board Structure
17 (6) 681–693

Fonteneau, M. (2010)
From the Olympics to Grassroots “Financing of grassroots sports: the views of the Olympic and Sports Movement.” [Online]
Available at (http://ec.europa.eu/internal_market/services/docs/sport/conference20100216/5-funding_of_grassroots_sports-the_olympic_sport_movement_en.pdf)
Accessed on [20/10/2011]

Infed, (2011)
The Connexions Service in England [Online]
Available at (http://www.infed.org/personaladvisers/connexions.htm)
Accessed on [26/10/11]

Childrenengland, (2007)
Speaking Out, Supporting the Sector to Influence Policy
Available at (http://www.childrenengland.org.uk/upload/No%203%20DEFRA.pdf)
Accessed on [28/10/11]

Donnelly, P. Coakley, J. (2002)
The Role of Recreation in Promoting Social Inclusion
Perspectives on Social Inclusion
10 – 11

Sports England (2011)
School Games [Online]
Available at (http://www.sportengland.org/support__advice/children_and_young_people/school_games.aspx)
Accessed on [31/10/11]

Sports England (2011)
Sports Unlimited [Online]
Available at (http://www.sportengland.org/support__advice/children_and_young_people/sport_unlimited.aspx)
Accessed on [31/10/11]

Similar Documents

Free Essay

Roscommon Sports Partnership

...Roscommon Sports Partnership (RSP) The Local Sports Partnership Initiative was developed by the Irish Sports Council in order to create a national structure to co-ordinate and promote the development of sport and physical activity at local level. The initiative was created following widespread consultation with other agencies and organisations with an interest in the development of sport. The objectives of the program are to: 1. Enhanced planning of sport at local level. 2. Increased levels of local participation, especially amongst specific target groups such as older people, girls and women, people with disabilities, unemployed people and those who live in identified disadvantaged communities. 3. Enhanced local coach deployment. 4. Club development. 5. Volunteer training. 6. Local directories of sports bodies and facilities. 7. Better use of existing facilities. 8. Clear priorities for local facility provision and improvement, with related quality management initiatives. 9. School/club/community. 10. Local sports event. Roscommon Sports Partnership focuses on the following Strategic Aims for 2012-2014: 1. Participation Pathways: To increase participation in Sports/Physical Activity for all of the citizens of County Roscommon through their life stages. 2. Training & Development: To promote Training & Development, both for all involved in Sports/Physical Activity and their clubs throughout County Roscommon. ...

Words: 1333 - Pages: 6

Premium Essay

Business Law

...Sports Bar and Restaurant Lou and Jose would like to open up a sports bar and restaurant to enable their customers to sit down, order food and drinks, and watch the big game on large screen TVs surrounding the restaurant. As many Americans, Loud and Jose have big dreams they want to see fulfilled. Lucky for them they have Miriam, who is a wealthy investor wanting to invest in their dream. Miriam will provide the capital with minimal participation in the business, but is wanting to profit from the business. Business Entity, Control, Taxation, Liability Since there are three individuals wanting to gain and contribute to this sports bar and restaurant the best suitable entity would be as a general partnership. A general partnership is recognized as being one in the same as its owners. Lou and Jose will be constituted as the general partnership, whereas Miriam would be known as partnership by estoppel. An estoppel is classified as one who is not permitted to deny the partnership. Control in a general partnership is based on the agreement by all partners. A general partnership only has one level of taxation, and is considered a tax-reporting entity and not a tax-paying entity. The profits that will be acquired from the sports bar and restaurant, each partner will be granted their share. Since each individual gets their amount as agreed upon, it goes into an individual account meaning that each need to report their earnings on tax forms individually. The liability that exists...

Words: 835 - Pages: 4

Free Essay

Application - Limited Liability Partnership

...A partnership is considered to be a legal relationship between two or more persons who carry on a business with the objective of making a profit and sharing it between or among themselves; however, the persons are equally liable for its debts. A Limited Liability Partnership (LLP) is a form of partnership that protects its members from being personally liable for negligent acts conducted by other partners or employees under their supervision. It is a popular business structure given that the partnership is not taxed and the onus is on each partner to file individual tax returns. However, a LLP is primarily designed for professionals for example lawyers, doctors, engineers and accountants. Based on the definition of a LLP and the information presented in the case, one has to question whether the form of partnership intended among Kobe, Dwayne and Lebron was the most suitable for the manufacturing and marketing of sports merchandise. Powerade V KDL, LLP Powerade will indicate that an exclusive agreement to only use and display Powerade products was formed with KDL through their partner Dwayne. Irrespective of KDL’s internal challenges or communication issues, the contract was breached as Kobe on behalf KDL also entered in an exclusive relationship with Gatorade which severed the exclusive arrangement established with Powerade. Given that Gatorade is a competitor, Powerade will be concerned that information regarding their operations could be paased on to Gatorade and...

Words: 1216 - Pages: 5

Premium Essay

Stub Hub Case Management Study

...MGMT 3311 StubHub Case Management Study StubHub, Inc. operates as an online ticket marketplace for fans to buy and sell tickets for sports, concerts, theater, and other live entertainment events. Jeff Fluhr and Eric Baker founded the company in 2000. It is headquartered in San Francisco, California. As of February 13, 2007, StubHub, Inc. operates as a subsidiary of eBay Inc. StubHub reinvented the ticket resale market in 2000 and continues to lead it through innovation. The company's unique online marketplace, dedicated solely to tickets, provides all fans the choice to buy or sell their tickets in a safe, convenient and highly reliable environment. Despite the competition, StubHub managed to attract 2.1 million unique visitors per month and generate over $100 million in revenue. [1] The adjustments made over time to its business model have proven to be effective. StubHub consistently ranks #1 and remains the nation's leading secondary ticketing Web site, according to exclusive industry rankings by TicketNews. However, a new strategy is required to create additional growth and profit. A situational analysis (SWOT analysis) is an assessment of the strengths and weaknesses in an organization’s internal environment and the opportunities and threats in its external environment. StubHub’s strengths include its basic strategy and unique transaction capabilities. Their system is well developed and unique. It is comprised of ticket exchange, event information, and guaranteed delivery...

Words: 3206 - Pages: 13

Premium Essay

Red Bull Research Paper

...Slater White STR 356 Sports Promotion Professor Walpole 5/2/12 The World of Red Bull Red Bull is a sugary, caffeinated drink intended to give consumers a boost of energy. Available in cans ranging from, 8, 12, 16 and 20oz cans. Founded in 1984 by Austrian businessman Dietrich Mateschitz, Red Bull has become the worlds leading energy drink, a staple in many young, and active people’s lives. Much of Red Bull’s triumph in the industry comes from its ability to market itself within the sports industry. The approach is aggressive and exceeds simple sponsorship. Red Bull focuses much of its time on brand management, and ownership allows it to completely control how its brand is connected with a given sport. The drink claims to improve some of the most important attributes of successful sports people – fast reactions, concentration and endurance. Priding itself on these attributes, Red Bull realized how effective the drink would be within the sports industry. As soon as Mateschitz realized the possible profitability Red Bull could generate within the sports industry there was nothing stopping him. Red Bull began supporting approximately 500 extreme sports athletes and hosting exclusive parties for these amazing competitors. By 1997, Red Bull’s buzz marketing strategy proved successful. Brandon Steiner, of Steiner Sports Marketing says, "It's a good relationship with what the drink stands for and what the sport stands for. It doesn't surprise me to see that kind of synergy....

Words: 1640 - Pages: 7

Premium Essay

Business Entitles Laws and Regulations

...into a sports bar and restaurant business. They need an investor, so that’s when Miriam came into the picture. She will just be a silent partner and will get a percentage of the profits. When having two or more business partners, they can form a LLLP. Limited Liability Limited Partnership (LLLP) is ”a special type of limited partnership that has both general partners and limited partners, where both the general and limited partners have limited liability and are not personally liable for the debts of the LLLP.” (Cheeseman, 2010) This is also a form of a general partnership. For example if I go into a business with one or more partners to make a profit on whatever the business it is. That will be a general partnership. Miriam wants to get in on the business, but don’t have the time to put in at the bar. She would be in a limited partnership. Limited partnership comes in two types, general partners and limited partners. Miriam would fall under the limited partners because Miriam doesn’t have the time to deal with the business aspect of the sports bar and restaurant. It also states that limited partners are “partners in a limited partnership who invest capital but do not participate in management and are not personally liable for partnership debts beyond their capital contributions.” (Cheeseman, 2010) Taking control of a business takes a few different steps and with those steps is called a formation of a general partnership. In the formation of a general partnership the business...

Words: 607 - Pages: 3

Free Essay

Austraian Destination Management

...TOUR19020 - Destination Management Assignment 2 Research Report on Australian Destination Management Student Name: Tianrou Zhou & Amy Zeng Lecturer: David Ponton Table of Contents 1.0 Introduction 3 2.0 Product development 3 3.0 Partnerships, community and tourism stakeholder relations 6 3.1 Partnerships 6 3.2 Community and tourism stakeholder relations 7 4.0 Governance and leadership 8 5.0 Communications and relevant promotions 10 5.1 Integrated marketing communications 10 5.2 Branding and technology application 10 6.0 Comments & Recommendations 11 6.1 Conclusions 11 6.2 Recommendations 12 7.0 Reference List 13 1.0 Introduction This report aims to explore relevant tourism issues of Australia in a more in-depth extent, based on the analyzed results of previous report. The analysis process is conducted in perspectives of product development, partnerships and team building, community and tourism stakeholder relations, governance and leadership as well as communications and relevant promotions, respectively. At the end of this report, comments and recommendations will be drawn according to the analyzed results. This report consists of following five parts: independent discussions from above four dimensions and comments & recommendations at the end. 2.0 Product development After decades of development, tourism has already become the fastest and most prosperous industry in Australia, with a proportion of 2.5% in terms...

Words: 3120 - Pages: 13

Free Essay

Casey Waserman

...This Person in Sports: Casey Wasserman Casey Wasserman, grandson to Hollywood mogul Lew Wasserman, grew up with an entrepreneurial spirit and a knack for business like his grandfather. After graduating from UCLA with a Political Science degree, Wasserman got into the world of investment banking and realized it was not for him. At age 25, he became the youngest person to ever own a professional sports team when he purchased the LA Avengers of the Arena Football League. Helping to negotiate the AFL’s national TV partnership with NBC, as well as playing an integral part in the collective bargaining agreement with the players, Wasserman was later elected chairman of the league. His love of football, despite the termination of the LA Avengers in 2009, has not faded. Wasserman is currently working with LA Live and the Staples Center to build a $1 billion dollar stadium, which he hopes will be the new home of an NFL franchise in Los Angeles. Alongside his work with the AFL, Wasserman simultaneously founded Wasserman Media Group (WMG), which encompasses athlete management, corporate consulting, media rights and partnerships; he remains Chairman and CEO. Competing with some of the world’s largest talent management agencies, WMG has an extensive clientele (over 1,200 clients and close to $3 Billion in sponsorships) in all of the major sports, action sports, and the Olympic games. Big deals done by WMG include the naming rights agreement on the recently built Met Life Stadium in New...

Words: 335 - Pages: 2

Free Essay

Law 415

...needs. Found within that long list of options are two business entities that have met the needs of many entrepreneurs as well as professional. These two business entities, known as Limited Liability Company (LLC) and Limited Liability Partnership (LLP), have forming, control, taxation, and liability components, which must be fully understood in an effort to identify their advantages as well as their disadvantages. The Restaurant and Sports Bar Lou and Jose are entrepreneurs that want to open an establishment that will offers its patrons a place to dine, while they watch their favorite sports teams in action. Although Lou and Jose have an abundance of drive and ambition, they lack the required capital to open the business. Miriam, a wealthy investor, is interested in providing that needed capital in return for a percent of ownership in the business. Since Lou and Jose are more than willing to take on the day-to-day issues of running a business, a limited liability company (LLC) might just proof to be the best type of business entity for the three of them. Limited Liability Company A limited liability company (LLC) “is an unincorporated business entity that combines the most favorable attributes of general partnerships, limited partnerships, and corporations” (Cheeseman, 2010, p. 267). For Lou, Juan, and Miriam the depth and scope of these favorable attribute will depend on the state statute that govern their LLC. In other words, because LLCs are “creatures of state law”...

Words: 1487 - Pages: 6

Premium Essay

What Does Title IX Means Of Equality?

...Title IX of the Education Amendments of 1972 states equality in education must be enforced regardless of one’s sex or gender orientation. If Title IX claims that equality has to be enforced in school, why are the female student athletes still not being treated as equals to male student athletes? In an article, the schools and adminstrators in charged of regulating the funds for sports argues, “the National Collegiate Athletic Association (NCAA) and high school administrators complained that boys' sports would suffer if girls' sports had to be funded equally.” Their claim of boys’ sports suffering of loss of athletic opportunities in fact is false, “Overall, men’s athletic opportunities since Title IX’s passage have increased. Title IX has...

Words: 386 - Pages: 2

Free Essay

Applied Business Project

...Acknowledgements “Criticism, like rain, should be gentle enough to nourish a men’s growth without destroying his roots” Frank A. Clark I would like to thank my academic advisor, Gordon Holyer for his patience and kind guidance through various stages of the project. Through his suggestions and valuable advice the project grew in scope, gained necessary clarity and professional delivery. The benefit and help provided by Gordon Holyer is best summarized in the opening quote above for which I thank him wholeheartedly. Furthermore, I would like to show my appreciation for Vancouver Island University faculty for seamless transition from classroom to work settings. To my Internship Coordinator Nattallie Tessier my sincere gratitude for your tireless commitment and unwavering support. Last but not least, I would like to show appreciation to my Internship Mentor Carrie Linegar for giving me this internship opportunity at BC Wheelchair Basketball Society. I will always remember the experience as wonderful and it was genuine pleasure learning from you. Without of the collective support of all individuals involved I would not have completed this project. Milan Azanjac 565 582 699 Table of Contents Acknowledgements i List of Acronyms iv EXECUTIVE SUMMARY vii SECTION 1 – INTRODUCTION 1 1-1. Company Profile 1 1-2. Goals and Objectives of the Applied Project 1 SECTION 2 – SITUATIONAL ANALYSIS 3 2-1 Environmental Analysis 3 2-1-1. Economic segment 3 2-1-2...

Words: 12225 - Pages: 49

Free Essay

Business Model

...PSG outlines multi-sport future Paris Saint-Germain (PSG) has signalled its intention to create a sporting empire modelled on FC Barcelona and Real Madrid in the latest demonstration of its growing ambition. The Ligue 1 giant on Tuesday announced the relaunch of the city’s handball team, which has existed in various forms since 1941 and has been associated with the club since the 1990s. The move is the initial phase of a bid to develop a multi-sport entity around the PSG brand, and could also see the launch of a basketball club. Barcelona and Real Madrid, along with a host of Europe’s leading clubs, have traditionally employed this model. “The idea is to rapidly create a large multi-sport club to promote the global project of Paris Saint-Germain,” said PSG director general Jean-Claude Blanc, according to Eurosport. “We will not stop at handball even if, for now, there is no specific list or timeframe of sports and deadlines.” The new strategy reflects the latest move by the club’s new owners in an era of great change. Qatar Sports Investment (QSI) in March acquired the remaining 30% stake in PSG in a deal that valued the club at Eur100 million. QSI had originally acquired a 70% stake from US investment firm Colony Capital in June 2011. Following the bitter disappointment of losing out on the 2011-12 Ligue 1 title to Montpellier on the final day of last season, QSI has signalled its intention to make an even stronger challenge at home and in Europe by embarking on a spending...

Words: 386 - Pages: 2

Premium Essay

Business Entities, Laws, and Regulations Paper

...for my business and below are the various options available to choose from. Sole proprietorship The owner of the company has the absolute power, and the business is not a legal separate entity. He or she has the rights to profits earned from the business, unlimited liability for debt incurred, has minimal liability protection, and can easily sell or transfer his or her business without any additional approvals. General partnership/Limited liabilities partnership Occurs when two or more people decide to go into business together as co-owners for a profit. When entering into a partnership there are certain rights and duties included in the partnership agreement as well as by the law. General partners are also personally liable for debts/obligations associated with the business as well as have rights in how to carry out the business. General partners invest his or her capital, help manage the company, and are also personally liable for debt. Limited partners invest his or her capital and are not personally liable for any of the partnership debt nor the management of the business. Corporations Privately owned for profit is a company that various owners that hold shares of stock in the company. The shareholders elect a board of directors to direct the corporation and hire the upper management staff. It is also seen as an individual...

Words: 1588 - Pages: 7

Premium Essay

Coca Cola

...striving for growth in this Pacific region. A core objective of the company is to become the supplier of choice for carbonated and non-carbonated beverages. The company has also set a goal to expand in the health and wellbeing segment, or market category. The non-alcoholic drink market consists of different product categories, the main ones being carbonated beverages (both sugared and sugar-free), water, sports drinks, energy drinks, juices and fruit drinks. Over the past two decades the growth in the market share in Australia of diet drinks, bottled waters, sports drinks, energy and lifestyle drinks and other sugar-free, non alcoholic drinks has been steadily increasing. In particular sales of bottled water have increased markedly over the last ten years while the proportional share of carbonated sugared drinks has been falling. In Australia in 2006, CCA enjoyed a 58 percent market share of carbonated beverages through its key brands, Coke, Fanta and Sprite, a 27 percent market share in the water category via Mount Franklin and Pump and a 57 percent market share in the Sports category, primarily through Powerade A Growing Market: As little as 20 years ago the market share of bottled water in Australia was almost zero. Save for a few imported high-end European brands and some sales of...

Words: 1514 - Pages: 7

Free Essay

Market Position

...on are The Sport Authority and Dicks sporting goods. All of the companies specialize in outdoor and apparel and all three companies has retail stores and Dicks is the largest. Dicks was founded in 1948 and operates in about 690 stores in 45- plus states. The stores usually contain five smaller shops(stores within store) that feature sporting goods, apparel, and footwear for leisure pursuits. Dicks also operates more than 75 golf galaxy stores in 30 states as well as 10 field and stream and three true runner stores. Dicks annual revenue is about 6,814.479. Sport Authority was founded in 1928 and operates in about 450 stores in 41 states and sells a full line of sports and fitness equipment, bikes, athletic shoes, and apparel with a focus on premium brands. Sport Authority also operates an online store and has shops in Japan through a partnership with Aeon, Co and operates about 10 stores under SA Elite a high end performance apparel and footwear. Sport Authority annual revenue is about 2,478.823. REI was founded in 1938 with more than 5 million members and about 138 outlets in more than 30 states. selling high- end gear, clothing and footwear for outdoor activities and it annual revenue is about 2,217,131. REI offers a large range of outdoor gear followed by sport authority and Dicks which carry about the same of outdoor gear. All three stores sales camping gear the product that i looked up was camping tents. REI camping tents range from $69.99- 839.93, Sport Authority camping...

Words: 465 - Pages: 2