...least 5 years of higher education and when you are done, you are considered a professional. I also believe that these jobs require a lot of responsibility because sometimes you have other people’s lives under your care. And a person that goes to a hospital doesn’t want anyone who isn’t a professional and undergone lot of learning and studying to take care of the surgery or chemotherapy. MDs in the US receive between 2 and 5 times as much in salary in comparison with most European countries and Canada. One explanation is that the numbers of medical schools in the US are relatively low compared to other industrialized countries and it restricts the number of medical students the country has, and ultimately the number of physicians. The number of law schools in the US has increased with about 50% since 1963 to 200 today. And the opposite has happened with medical schools. Today there are around 130 medical schools in the US which is 22% fewer than what they had 100 years ago. They used to have 166 even though the population has increased by 300%. While the number of medical students has more or less remained constant at 67,000 during 1994 until 2005. Now consider the factors that shift the demand curve – evaluate them for the market for recently graduated medical students. In general, would you expect the demand for medical students to be increasing? Why/why not? The biggest factor for a shift in demand of medical students is technology, I believe. Many helpful tools for doctors...
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...Justification of the huge salaries paid to some top athletes; an economic perspective. Over the last century there has been much research into the area of Labour Economics, and hence the determinants of supply, demand and wages for labour. In this essay, I will be looking at the unique example of the Sports Labour Market with specific focus on the European Football Market, and use various economic models to justify the huge salaries currently offered to top athletes within this field. The wages of professional footballers have risen dramatically since the Bosman ruling in December 1995, in which EU football players were given the right to a free transfer at the end of their contracts, with the provision that they were transferring from a club within one EU Association to a club within another EU Association (European Commission, 2012).This has been supported by various studies, including (Simmons, 1997), who argued that the move towards a free agency had the consequent impact of increasing players’ salaries, as the forgone transfer fees translate into increased salaries, since the bargaining power is transferred to the player. This was reinforced by (Downward, 2000) who found that post-Bosman, the wages within the United Kingdom’s Premier League rose considerably. However, these findings conflict with other studies conducted, including (Szymanski, 1999), who argued that the new ruling only lead to increased wages for superstar players who have the greatest bargaining power...
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...Inequality Between Sports and Society Sports play a very important role in the lives of people and society itself. People, cities, countries all cheer and rejoice when their team wins a championship or cry and weep when their team looses in the final of a big tournament. Athletes get very well compensated for their efforts when playing for their football, basketball, soccer teams or any other sports. But is it wrong for someone to want to make more money and live comfortably? What one football player makes in one year in income, some construction worker will work all his life and never get close to achieving that sort of money. “Tiger Woods is still the highest-paid athlete in the world–and it isn’t even a close call. Woods earned $75 million over the past 12 months, easily outdistancing second-ranked Kobe Bryant, who made $53 million”(Forbes). Many people think that athletes are well over paid. Those athletes are just entertainers and not anything outside of this world to be able to make that kind of money. Yes, athletes put their health, physically and mentally, on the line every time they go onto the field for a game but is it fair to an everyday member of society like a police officer that only makes $42,000 a year. Some people do think that the millions athletes earn is acceptable. The feeling that the Packers gave the city of Green Bay last year or the feeling that the Bruins gave the city of Boston last year was priceless. Sports has gone to new level over the...
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...4-3 Scenario: Prince Sports. A Study on How Marketing Activities and Targeted Marketing can be used to the Benefit of a Company. AJ MKT-113-X2738 Introduction to Marketing 14EW2 Professor Traci Anderson In recent years there has been a dramatic growth in tennis participation in the United States. This growth has led to a larger market for the tennis industry to promote their products to and increasing research into how to appropriately market said products so that they can reach the maximum audience. With the increase in tennis participation, industry leaders like Prince Sports have used targeted marketing to address the needs of separate portions of the prospective market. As well as utilizing technological innovations and advances in research to devise new ways to market their products. It has become increasingly important that Prince Sports continues with their current promotional activates but also expands them into new areas. Currently Prince Sports uses a variety of marketing techniques to encourage the sales of their products. These promotional activities range from television advertisements promoting the brand, personally interacting with their distributors to insure that they have the advertising they need, using social media such as Facebook and Twitter to connect to their customers, sponsoring professional players and a Teaching Pro Program where the teachers receive free demo goods as well as participating in local “Prince Demo Events”. By using social...
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...…………….…………………………...3 III. SWOT Analysis...………………………………..…………….……….……………………6 IV. Marketing Objectives..…………..…….….……………………………….…..………………..7 V. Marketing Strategies...……………………………………………………..…………………...8 VI. Marketing Implementation.………………………….…….….…….…….……………...……10 VII. Performance Evaluation…………….………..…………………………….......................…….11 References..…………………………………...………………….………........….12 I. EXECUTIVE SUMMARY: Suunto is a world leader in designing and manufacturing sports precision instruments. Since 1936, Suunto has been at the vanguard of innovation and design of sport watches, dive computers, and sports instruments engineered for training, hiking, mountaineering, hiking, skiing, and sailing. Suunto enjoys an esteemed reputation because it delivers intuitive design, accuracy and dependability combining aesthetics and functionality that allows athletes analyze and improve their performance. The demand for fitness products and the rise of wearable technology is a prospect that Suunto must look into. Suunto must look into the feasibility of expanding its product line to produce products that will fill the needs of other users in aviation, and the military for example. This expansion in product offerings has the potential of increasing market share and revenue. Suunto will have to overcome challenges to expand its product offerings and increase its market share. This marketing plan presents a possible way for...
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...Why professional athletes deserve what they are being paid Professional Athletes Salaries I have developed a love for baseball and have done a lot of research to understand and to defend my position on the topic of their salaries. I have engaged in surveys with sports fans and non sports fans. I have had extensive conversations with people that I consider experts on the subject of sports and salaries, in addition to an enormous amount of web surfing. I am not here to change your mind and get you to believe only me, but to entice you to make a new decision based on new information. I completely understand the position that individuals take on the enormous salaries that professional athletes make. However, I ask a few minutes of your time to “walk a mile in their shoes” (Kirby/Goodpaster, 2007) from my perspective and that of many others. I would like to talk with you what is takes to become a major leaguer, the logic behind their enormous salaries and where that money is generated and about the personal dedication and contribution to society that these players provide on a daily basis. Let’s discover the whole story and see where this leads us. Let me ask you a couple of questions to ponder first as you listen to my story. If your child had a natural ability whether it was sports, numbers, or debating would you do all that you could do to inspire and encourage a pursuit in that career field or put a cap on potential earnings? As a professional Sports player...
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...Nike Marketing Analysis Nike: Maintaining a Promotional Edge Nike’s initial product advertising strategy of using professional athletes for raising demand through word-of-mouth provided good publicity. However, its selective-demand advertising was mainly focused on high-priced shoes for traditional sports, and ignored newly developed market segments such as aerobics and extreme sports, and new trends such as brown shoes and casual footwear (Etzel, Walker, and Stanton). Nike launched a successful advertising campaign around its "Just Do It" catch phrase and "swoosh" logo. Nike increased its visibility through vertical cooperative advertising; expanding its product line to include apparel, equipment, and accessories, which led retailers to use the Nike brand to attract customers to their stores. Nike gained a high level of publicity and increased its appeal to both men and women when it signed famous athletes like Michael Jordan and Venus Williams (Etzel, Walker, and Stanton). Further exposure was gained when Nike promoted its brand near major events, giving the impression that it partly sponsored the events. It also increased its sales promotion through the sponsorship of sporting events and collegiate teams. It gained exposure in extreme sports through cooperative advertising when it partnered with a skateboard manufacturer for the purpose of developing skate shoes (Etzel, Walker, and Stanton). Public relations were negatively affected by allegations...
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...For many cities in the United States and Canada, having a professional or college sports team is highly coveted. Different cities value different sports and certain regions hold different sports in higher regard than others. Many people think that having a sport teams in their city or region is a gigantic source of revenue. However, that’s not always true. Time and time again we have seen sports franchises fold or relocate because their overall presence didn’t fit their location. For example we have seen Atlanta fail to support a National Hockey League (NHL) team twice, the Flames and Thrashers. Both teams relocated to Canada. This has happened in all of the major sports leagues. But, is a city or region necessarily dependent on these sports franchises to boost their economy? Has Atlanta’s economy declined since the Thrashers left? No. Also, let’s make sure that we don’t leave division one college football and basketball programs out of the discussion. Now, we’ll take a deeper look to see if college and professional sports teams make as big of an impact on their regions economy as we might think they do. The National Football League (NFL) is the biggest sporting draw in the United States. There is activity related to the NFL going on in fifteen cities around the United States on a Sunday at any given time during the season (30 teams play each other). Monday night is also a large draw for the NFL. Because of the massive attendance numbers and money that is spent...
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...SUPPLY CHAIN MANAGEMENT DESIGNATION PROGRAM MODULE THREE Logistics and Transportation ©Supply Chain Management Association Supply Chain Management Professional Designation Program Copyright © 2013 by the Supply Chain Management Association No part of this material in this manual may be reproduced without the prior written consent of the Supply Chain Management Association. 777 Bay Street, Suite 2701, P.O. Box 112, Toronto, Ontario M5G 2C8 Tel: (416) 977-7111 Fax: (416) 977-8886 Web Site: www.scmanational.ca. Use of this material is restricted to SCMA and its Provincial/Territorial Institutes for the express purpose of delivering the Supply Chain Management Designation Program. No other use is authorized, expressed, or implied. This material must be used in its entirety. © Supply Chain Management Association Supply Chain Management Professional Designation Program Module Three Logistics and Transportation Information and Overview .................................................................................................... IO – 1 General Information ........................................................................................................ IO – 2 Module Overview ........................................................................................................... IO – 4 Module Readings ............................................................................................................ IO – 7 Session and Reading...
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...Highlights Introduction Economic and Labour Market Outlook Occupation Outlook Conclusions Appendix 1 Appendix 2 Appendix 3 02 03 05 05 07 09 10 12 13 British Columbia Labour Market Outlook: 2010-2020 [1] Labour Market OutlookL { } B.C. Labour Market Outlook, 2010 - 2020 Preface The Ministry of Jobs, Tourism and Innovation is pleased to present the second edition of the B.C. Labour Market Outlook in partnership with BC Stats and the Ministry of Finance. This edition provides labour market demand and supply forecasts for B.C. and its regions from 2010 to 2020, based on output from the B.C. Labour Market Scenario Model. Over one million job openings are expected in B.C. from 2010 to 2020 The B.C. Labour Market Scenario Model is a tool that helps us understand the likely future of regional and provincial labour markets. Developed by the Province in 2009, the information the Model provides helps citizens, employers and government to accurately forecast future demand and supply for a range of occupations. The Outlook seeks to identify significant trends for the labour market of the future that can inform decisionmaking, based on statistical data, assumptions, and consultation with industry and other stakeholders. However, within particular occupations and regions there may be unique conditions that are not captured in this analysis. Assumptions and conditions may also change over time. Thus, despite best efforts, actual conditions may differ from those presented in the...
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...UNIT 36: SPORT AND LEISURE TOURISM IN THE UK Get assignment help for this unit at assignmenthelpuk@yahoo.com LO1 Understand the structure of the sport- and leisure-related tourism sector in the UK Concept of tourism: models and approaches; definitions of tourism and tourists; tourism motivators and barriers; classification of tourism types; tourism sectors including products and services Historical developments: introduction of paid holidays; role of transport; mass tourism; ecotourism; technological developments in sport and leisure-related tourism Role of public sector: government legislation; tourism authorities; national and regional tourist boards; local government; amenity agencies; public sector initiatives; comparative government structures Role of private and voluntary sectors: private sector organisations eg tourist attractions and accommodation providers; voluntary sector organisations eg hostel; partnerships, national and international professional organisations Tourism law: effects of EU and international legislation; tourist movement law eg passports; passenger carriage law; consumer protection law eg Package Holidays Act; planning regulations; laws relating to tourist attractions and sports stadia https://www.blogger.com/blogger.g?blogID=5649485182751853952#editor/src=sidebar LO2 Understand the trends and demands for sport and leisure tourism Sources of tourism data and statistics: international sources; National Training Organisations; regional tourist...
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...Mission Statement My career mission is to become a practicing physical therapist in an outpatient clinic. By doing this I will help rehab people back to health after an injury. Vocational Objectives Some vocational objectives I have are to obtain a clinical position in a Physical Therapy facility that emphasizes Orthopedics and Sports Medicine. Another objective that I have is to work for a professional sports team as their physical therapist. The final objective is to have a private office to run my own therapy business. Strengths My StrengthsQuest results were strategic, ideation, maximizer, individualization, and intellection. Strategic means I am especially talented in the Strategic theme and create alternative ways to proceed. Faced with any given scenario, I can quickly spot the relevant patterns and issues. Ideation means I am especially talented in the Ideation theme and I am fascinated by ideas. I am able to find connections between seemingly disparate phenomena. Maximizer means I am especially talented in the Maximizer theme and focus on strengths as a way to stimulate personal and group excellence. I seek to transform something strong into something superb. Individualization means I am especially talented in the Individualization theme and am intrigued with the unique qualities of each person. I have a gift for figuring out how people who are different can work together productively. Intellection means I am especially talented in the Intellection theme and...
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...innovative inventory management techniques, and numerous technological improvements. They growth had been very carefully planned, taking advantage of the core strengths that they had developed in the areas of information and distribution systems focusing on the convenience retail business as an operating company, devoted to responding to changes in expectations and demands from customers without deferring delivery. Seven-Eleven Japan stores differ totally from the U.S. in that it served as a convenient food center for busy professionals displaying an array of inexpensive, high quality food deliver daily. Seven-Eleven Japan has been able to put into practice a system name Tanpin Kanri as the core of their management framework. Tanpin Kanri is a marketing administration exercise dedicated on filling buyer demand through a store-by-store approach to shelf management that uses store-level human understanding and information sharing about products, for the purpose of well knowing how certain surroundings affect demand on a product-by-product basis, and then tracing a cycle of product gaining and delivery that suits the demand. It empowers retail clerks to tweak suggested assortments. These front lines workers are in a position...
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...Are Professional Athletes Overpaid? Have you ever considered how much money does an average person need to be able to have food three times a day, have a house, be able to send their children to school to get an education and even have a car? Realistically, all of this plus a little more can be done with an income of between $45,000 and $55,000 easily. For some reason, it was decided by us, people who labor is harder than the most, like janitors, factory workers, and even factory workers, should be paid less than someone that sits on a desk all day or someone that gets paid to play a game for living. Athletes today are the highest paid people in the world, with the exclusion of Donald Trump and Bill Gates. If you think about it, it is absurd to believe that someone is really worth millions of dollars and all they do is play a sport. Millions of people would do this for free if they had the chance. For that reason, I believe professional athletes are overpaid for many reasons. In USA Today Magazine, under section Your Life it says, “Although many professional athletes apparently still feel underpaid, just two percent of the public agrees, according to a survey conducted by Roper Starch Worldwide. In fact, the vast majority of Americans think athletes are overpaid.”(USA Today) This is ridiculous to hear for these athletes already making millions of dollars which is way more than they deserve. Also, in this article it states that professional athletes get paid what...
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...1)The following function describes the demand condition for a company that makes caps featuring names of college and professional teams in a variety of sports. Q=2,000-100p Where Q is cap sales and P is price. a.How many caps could be sold at $12 each? b. what should the price be in order for the company to sell 1,000 caps? c. At what price would cap sales equal zero? 2). Consider the following supply and demand curves for a certain product. Qs=25,000P Qd=50,000-10,000P a.Plot the demand and supply curves. b. what are the equilibrium price and equilibrium quantity for the industry? Determine the answer both algebraically and graphically. 3) The following relations describe the supply and demand for posters. Qd=65,000-10,000P Qs=-35,000+15,000P Where Q is the quantity and P is the price of a poster, in rupees. a. Complete the following table. Price | Qs | Qd | Surplus or shortage | 6.00 | | | | 5.00 | | | | 4.00 | | | | 3.00 | | | | 2.00 | | | | 1.00 | | | | b. What is the equilibrium price? 4). The following relations describe monthly demand and supply for a computer support service catering to small business. Qd=3,000-10P Qs=-1,000+10P Where Q is the number of businesses that need services and P is the monthly fee in rupees. a) At what average monthly fee would demand equal zero? b) At what average monthly fee would supply equal zero? c) Plot the supply and demand curves. d) What is the equilibrium...
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