...Yankee Fork and Hoe Company Case Questions 1. Comment on the forecasting system being used by Yankee. Suggest changes or improvements that you believe are justified. It seems as if Ron Adams is forecasting his figures by meeting managers from various sale regions to go over shipping data from last year. He did not use an calculations in order to explain his forecast. Ron has been using only qualitative analysis as opposed to quantitative analysis. By using quantitative analysis, Ron could gain some advantages of quick forecast and experiences from managers. He could also come across disadvantages in qualitative analysis such as group thinking and the forecasts usually tends to be overly inflated. This is especially related to Phil Stanton the production manager since he said that forecasts are usually inflated and he usually reduces the forecast by 10%. The quantitative method should be used in this forecast. The quantitative analysis is suitable for the existing products that have stable demand and historical data. Looking at the demand from the last 4 years, the product tends to fall in seasonal pattern and not much has been changed in each year. A suggestion for Ron is to use the seasonality technique with linear trend equation to calculate the future demand for the following fifth year. In doing so, Ron could be exposed to more accurate forecast in regards to the difference in demand for each month. The forecasting technique used by the marketing department is based...
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...In the 17th century, the development of the Chesapeake and New England were distinctively different. In the early 1600s, England was faced with population increase and religious hostilities. The increase of the population led to competition to limited resources such as, food, clothing, land for settlement, and religious conflicts. These led the English men to look for newer ways to improve their living standards. Consequently, leaving England was the only remedy to their worries. The immigrants who tried to pursue a better life ended up establishing New England and Chesapeake colonies. However, these two colonies had the distinction between freedom “from” and freedom “for". New England’s colony was largely puritan, religion playing a key role. They believed in God and they looked upon Him for everything they did. Religion was the backbone and source of inspiration for the New Englanders to live in the new world. The colony’s religion was family-based and with extreme piety. This notion shared by the New Englanders is attributed from the feeling that, they had to appease their God since they had escaped from religious persecutions. In contrast, the Chesapeake region was not deeply rooted in religion. Its religious tone was low-church. Therefore, they pursued economic freedom rather than religious freedom. Political freedom in New England was based on pure religion, whereas, the Chesapeake created a society for economic purposes. New England’s officials...
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...Stadiums and Taxpayer Abuse Five Works Cited There seems to be a domino effect through out the U.S., new stadiums are being built, teams are demanding that their city build them a new stadium to play in but it is not necessary to build these stadiums. The most obvious change in new stadiums is coming from baseball. In the last 10-15 years many new baseball stadiums have been built, but who is paying for these stadiums? The teams and the owners that are demanding the stadiums, or the taxpayers? The answer is that taxpayers are picking up a huge amount of the cost to build a new stadium. Before the Depression stadiums were built by using private funds, some of these stadiums include: Wrigley Field, Tiger Stadium, Yankee Stadium, and Fenway Park ("Sports Pork", 3). All of these parks are very memorable for lots of reasons, mostly the players that played and or play there. Why when these stadiums were built were they a fraction of the cost that it is to build a stadium today? In the 1980's America was spending about 1.5 billion on new stadiums; in the 1990's it spent 11 billion ("Walls Come", 2). Furthermore, in 1967 the cost to build the Kingdome was 67 million, in 1999 the cost to build Safeco Field was 517.6 million. On top of the cost difference, not only was the Kingdome multi purpose but also it held more people. The capacity of the Kingdome for baseball seating was 59,166; the seating at the new Safeco Field is 46,621. Although the Kingdome was starting...
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...THE NEW YANKEE STADIUM LOOKS TO THE FUTURE Athough baseball is a sport, it’s also big business, requiring revenue from tickets to games, television broadcasts, and other sources to pay for teams. Salaries for top players have ballooned, as have ticket prices. Many fans now watch games on television rather than attending them in person or choose other forms of entertainment, such as electronic games. One way to keep stadiums full of fans, and to keep fans at home happy as well, is to enrich the fan experience by offering more video and services based on technology. When the New York Yankees built the new Yankee Stadium, they did just that. The new Yankee Stadium, which opened on April 2, 2009, isn’t just another ballpark: It’s the stadium of the future. It is the most wired, connected, and video-enabled stadium in all of baseball. Although the new stadium is similar in design to the original Yankee Stadium, built in 1923, the interior has more space and amenities, including more intensive use of video and computer technology. Baseball fans love video. According to Ron Ricci, co-chairman of Cisco Systems’ sports and entertainment division, “It’s what fans want to see, to see more angles and do it on their terms.” Cisco Systems supplied the computer and networking technology for the new stadium. Throughout the stadium, including the Great Hall, the Yankees Museum, and in-stadium restaurants and concession areas, 1,200 flat-panel high-definition HDTV monitors display live game...
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...“The city that never sleeps” Kida Delacruz Composition 1 04/22/13 New York City the city that never sleep. It is known for its malls, lights, and crowded streets. To me it is much more than that, its where I was born, first went to school, and went to my first baseball with my dad. As we were pulling up to Yankee Stadium for the first time I remember the smell of peanuts and ho dogs. The entrance was flooded with people. After what seemed an eternity we finally got in the stadium. The sound of people chanting “Yankees, Yankees, Yankees” Still goes through my head every time I think of Yankee Stadium. To my left was the entrance to an endless amount of food stands, and to my right was the gift shop and restrooms. We walked straight ahead through a tunnel that led to the field. When we got to the end all you could see is the field, thousands and thousands of people. The Jumbotron was focused on Derek Jeter, and all I could think was that I wanted to be on that field one day. People chanting and you could the feel the energy flowing through your blood. My face lit up like a kid's when they see their presents Christmas morning. In front of me all I could see was an a continuous row of seat filled with people. We walked down all the way down to the first row right on top of the dug out. The players were on the field some were stretching, other were running, and a few were throwing. You could smell the sunflower seed in the dug out. We watched the whole game the Yankees...
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...Greendale Stadium Case Jeanette Willis Liberty University Dr. David G. Duby July 08, 2016 The Greendale Stadium project will be completed before the expected time deadline of May 20, 2014 enabling G&E Company to avoid any penalties; however, if any single or combined project activities are delayed for a substantial amount of time, G&E Company will begin to incur a penalty of $100,000 for each day delay. This means that the critical pathway and predecessor activities are even more crucial to be completed in order to meet the time estimate. Any delay in these activities could delay the entire project timeline and result in the devastating penalty. Based upon the critical pathway, this project will take approximately 695 days to be completed . It is a high probability that activities will not materialize 100% as planned; however, contingencies were not factored into the time estimates for the project but should be factored into the overall decision of pursuing the project. According to Larson & Gray (2014), a critical pathway is “the longest path(s) with the longest duration through the network; if an activity on the pathway is delayed, the project is delayed the same amount of time. (pg. 164)” In the case of the baseball stadium, the critical pathway is a list of eight job activities. The critical pathway for the Greendale stadium would be Activity’s 2, 5, 6, 7 & 9, 10, 14, 15 and 20 and will take approximately 695 days to complete...
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...Why is it that Lou Gehrig it only known for his disease and not for his career? Lou Gehrig is only known for his disease and it seems no one knew he played 17 seasons of baseball with the New York Yankees. Life was simple for Lou. Growing up in Yorkville, Manhattan, New York, on June 19, 1903. His dad, Heinrich, was a sheet metal worker, but was frequently unemployed due to alcoholism. His mom, Christina, was a maid and since Heinrich was out of the house a lot, Christina was the head of the household. In 1921, Lou received a scholarship to play football, of all things, at Columbia University. After two years at Columbia, Lou was spotted by scouts, and began his professional career when he signed a contract with the New York Yankees that included a $1,500 signing bonus. After a few years of being a pinch runner, Lou finally was placed in the starting line up. His first breakout season was in 1926, when he achieved a batting average of .313, hit 16 home runs, and batted in 112 RBI’s. In 1933, Lou married the love of his life, Eleanor Twichell. The couple were never able to have children. No one is quite sure why but some speculate it was due to Eleanor’s medical history. The triple crown is one of baseball’s highest honors and Lou Gehrig was awarded that honor in 1934. During his lengthy 17 year career, Lou was always in the shadow of Babe Ruth and Joe Dimaggio, but he constantly put up impressive numbers. During the spring training of 1939, Lou didn’t feel himself. Even though...
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...Who is the only Milwaukee pitcher to win four games of a pro baseball championship series? Warren Spahn? Pete Vuckovich? Connie Wisniewski? Connie Wisniewski? She’s the right answer—the star right-hander who led the Milwaukee Chicks to the 1944 title of the All-American Girls’ Professional Ball League and an athlete who left her male counterparts in the dust. The most games Spahn won in a single series was one. Vuke didn’t get any while a Brewer. Even Wisniewski’s searing fastball couldn’t save her team from its ultimate jam: It played its season in anonymity and red ink, then moved immediately to Grand Rapids. This year marks the fiftieth anniversary of perhaps the most successful, least loved team in Milwaukee history. Chewing gum mogul Philip Wrigley started the league—the same one depicted in A League of Their Own—in 1943 because World War II had siphoned off more than half of the existing major-leaguers. Buoyed by good attendance in towns like Kenosha and Rockford, he added teams the next year in Milwaukee and Minneapolis. Wrigley apparently gave little thought, though, to naming the new teams. The Milwaukee Journal dubbed the team the “Schnits,” German for “little beer.” After another drawing board session, the team came up with the Chicks nickname, inspired by its Hall of Fame manager, Max Carey, and a popular kids’ book, Mother Carey’s Chickens. Undaunted, The Journal insisted on calling the team Schnits. “I thought Chicks was a nice name,” says Wisniewski...
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...On July 4, 1939, the fans for the New York Yankees watched Lou Gehrig deliver one of sport's historical moments by reading his speech as he was recently found to be diagnosed with Amyotrophic Lateral Sclerosis (ALS). When Gehrig stood in front his large crowd, he did not once emphasizes on his dwelling on his diagnosis, instead, he displayed gratitude and thanks for his audience during his speech time. His speech firstly acknowledges the fans, shortly after emphasizes on him to be the luckiest man on earth. His speech eventually develops into series of structured thanks mentioned for those that supported him throughout his career (Teammates, New York Yankees association, New York Giants) which displays a strong case of Ethos. Also, simultaneously...
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...Tax policy topics are important to everyone. Hopefully, this discussion will give you an opportunity to deliberate on a topic that often generates a lot of comment as government balances it role with community and business interests. When the City of Philadelphia first proposed helping the Phillies build a new facility, two center city sites were proposed. The current South Philadelphia location was finally chosen after much debate over the center city sites. Read both chapters and come to class prepared to discuss the tax policy topic. Week 1 - Public tax policy is an important topic for all of us. At some time you may be asked to provide your comments on a tax issue. Let's discuss the following question. Revenue bonds are municipal bonds that are secured by specific income of the issuer. Furthermore, states, cities, and municipal subdivisions issue municipal bonds and their purpose is to fund municipal projects, such as housing, hospitals, lighting systems, parking ramps, stadiums, factories, sewer systems, and dozens of other community enterprises. Revenue bonds are municipal bonds that finance income-producing projects. The income generated by these projects pays revenue bondholders their interest and principal. Projects funded by revenue bonds serve only those in the community who pay for their services. (Morning star) From the perspective of the mayor of Philadelphia. PROS * Sports serve as a municipal amenity that can create social capital and improve...
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...it. That means the rest of the $620 million was paid for by citizens. How was it paid for? A new food and beverage tax was imposed on residents of counties surrounding Indianapolis. 3. That seems fair right? Poor and middle-class people pay more in taxes so a billionaire can have a bigger toy and make more profit. I hope you picked up on the sarcasm. 4. This is not just an Indianapolis problem. The average pro sports facility in the U.S. is paid for by 78% percent public money and only 22% private money. 1. Argument #3 and supporting evidence. Though teams may not want to finance their own stadium, they have the ability to and should. 1. Prior to 1960, many teams had privately financed stadiums. Historic venues like the Old Yankee Stadium were financed 100% by their owner. This was before giant television contracts as well. 2. It is feasible to build a stadium free of taxpayer money in modern times. The Staples Center, where the Los Angeles Clippers, Lakers and Kings play was built with no money public money. 3. With record revenues, professional sports teams can fit the bill for their own stadiums. Transition to Step#3 III. SATISFACTION: 1. Solution A possible solution for be for owners of teams in the cities to combine their money to finance a stadium. An owner of a baseball team and a football team could combine their money, and the owner of a hockey team and basketball team could do likewise. A lot of stadiums are used for other events such as concerts...
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...Roger Noll often speaks out against sport stadium construction and the negative impact these projects have on local economies. Sport organizations usually threaten relocation as a means to get public funding for their new stadiums. However, according to Noll, “NFL stadiums do not generate significant local economic growth, and the incremental tax revenue is not sufficient to cover any significant financial contribution by the city” (Parker). Noll argues that football stadiums do not necessarily bring in that much revenue, because of the short ten game season and maybe a playoff game or two per season. The rest of the year that space is empty or utilized in a different way. Noll believes that sport arenas are more beneficial to local economy...
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...Root, Root, Pay for the Home Team? Taxpayers Funding Professional Sports Stadiums Kayla Thompson MBA 578 SB FT Managerial Economics April 13, 2013 ABSTRACT The purpose of this paper is to address the issue of the public (taxpayers) funding the construction and/or renovation of privately owned sports stadiums. The use of public funds has skyrocketed since the early 1980s. Why has there been an increase in the trend and what is really going on behind the scenes? Through my research, I have found six articles that deal with many questions surrounding this hot topic issue. First, I will examine how the sports teams and the local governments deal with the public when proposing the funding of the sports teams’ stadiums. After the public agrees to back the construction of a stadium, the next step is to find out where those funds are coming from. I will take a look at how the increase in taxes are being implemented and just exactly how much debt these taxes are trying to pay off. Once all of this information is determined, it is easy to get to the real question of this research paper: Is funding the construction of a new sports stadium worth it for the taxpayers of that city? Does the revenue outweigh the debts, or will it never pay off? The answer to this might just change the readers’ minds next time they are sitting at their home stadium watching their favorite team play. INTRODUCTION Taxpayers funding sports stadiums has become more and more prominent since...
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...Case 2.1 How a Stadium Becomes Part of a Marketing Strategy February 26, 2012 Abstract Jane Smith A sports stadium plays an important role in the marketing of sport’s teams. The stadium develops and displays that teams image and reputation. The team must play well, along with having a good home stadium. If Team A’s stadium is dirty and rundown with broken equipment and poor selections of food, then fans will be less likely to spend money to attend the games at the stadium. In order to have a successful stadium, you must invest time and money into it to make it enjoyable. Team B’s stadium has new and clean equipment and gourmet menu items. The prices are higher but they still have more fans because the experience is more enjoyable. Fans do not mind spending more money when they are getting a better experience for their money. A sports team will also need to play well in order for fans to be willing to spend money and travel to see their games. The appearance and feel of the stadium is almost as important as how well the team plays. Question 1: "How would you describe the target market for the Dallas Cowboys’ new stadium? Do you think marketers are targeting the right consumers? Why or Why not?" The cowboys are marketing football fans and their families. The new stadium makes it appealing for the whole family to spend the day at the game. The Cowboys’ are offering a variety of choices in good food and entertainment options. I think that they are doing a...
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...Price: The New York Yankees pricing strategy is largely constructed around the tickets offered to their games due to the simple fact that revenues generated from tickets contribute to over half of the New York Yankees annual revenue (Bloomberg, 2013). The Yankees offer four general types of tickets for sale; these are regular season single tickets, premium tickets and season tickets. Each one varies in price and product/service provided, and even within each subset there are variations in price. Regular Single Season Ticket Price for New York Yankees: (TeamMarketingReport, 2014) Average - $51.55 (2nd highest in the league) Most Expensive - $1600.00 Least Expensive - $15.00 MLB Average - $27.93 The high cost of the tickets can be attributable to the Yankees success on the field, quality of product, large demand and move to a new stadium. From the 90’s to 2008 the Yankees were able to keep ticket prices within modest range, though still on the higher end of the spectrum the prices were closer to the league average(Emanuele, 2011). However with the Yankees moving into a brand new stadium in 2009 with nicer amenities, the prices in tickets changed to reflect that. (Getz, 2012) Premium tickets are regular single season tickets that come with at least one added amenity or classified by a team as premium due to occasions such as a big rival coming to town or special commemoration. The New York Yankees after their move into the new...
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