Econ Essay Example | Topics and Well Written Essays - 500 words

Econ - Essay Example The current salary distribution formula gives the player 57% of the revenues. Another problem with the system is that the NBA salary cap is a soft cap. A soft cap allows teams with greater resources such as the L.A. Lakers and the N.Y. Knicks the ability to pay go over the cap and pay additional salaries paid by the owners. The small market teams are seeking a hard cap at a much lower salary base. The owners want a 40% reduction is player salaries. A hard cap would force all teams to spend up to the amount of salary cap. The current salary cap is $58 million dollars. The prices of the salaries are determined by the deal that the player’s union and owners negotiate. The prices of the players are negotiated similarly to what occurs in the corporate world when labor unions negotiate worker compensation with the managers of the firm. The NBA has to reach an agreement by the summer of 2011 in order to ensure there is not a lockout of the season. A lockout would have catastrophic ec onomic effects on the NBA. Players would lose their salaries, the owners would incur in operating losses since fixed cost must be paid without any revenues coming in. The television networks would also lose because they would not have a product to offer to the advertisers.

Expanding small business Essay Example | Topics and Well Written Essays - 750 words

Expanding small business - Essay Example Sam was told that the company should have adopted change management methods and planned change policies prior to bringing about change. According to Nelson and Winter (1982) routine interactions within the working environment forms the basis of organizational culture and a predictive pattern emerges. Deal and Kennedy 19820 describe it as â€Å"the way we do things here†. The importance of this routine is gaining importance as has been acknowledged by Cohen et al (1972) and Hedberg et al (1976. Topmost in handling change is to motivate the people to achieve the purpose of the change. This means highlighting the glorious future and contrasting it with the disgraceful past. However it has to be conveyed positively with rewards accompanying results. Effective communication will be required to generate support and participation at all levels. Teamwork and togetherness is the core issue here. To bring about active involvements in the procedure the employees have to be given a vision of the future. The vision requires standing up for fair practices with genuine efforts backed by world class products and to inform the customers that they could depend upon the company to be competitive and more efficient. The objectives are the values the vision creates and the value features are the consistent commitment to quality and service to be provided to the customers. For the change to be effective and for the realization of the company vision it is imperative that all the stakeholders support the various steps all along the way. The attempts have to be genuine and in common interest for benefits all round. The primary requirement is to have the knowledge of all sources of power in the company and to harness them and motivate them to work for a common goal. The ideal is to get them to agree on and obtain a consensus to avoid sudden conflicts of interest midway between any initiatives. It is often