Securing a title sponsor for a new professional sports stadium
in 150-250 answer the following question with references Considering the current economic climate, how would you go about securing a title sponsor for a new professional sports stadium? Research recent stadium deals to determine if you can get similar money or if you will have to lower your expectations. Explain your rationale.
Sample Solution
business entities. This financial or the economic crisis put many financial institutions and banks at stake whereby the businesses, stock markets, the currency dropped and could have killed businesses and organizations. All markets suffered huge losses resulting closures and periods of unemployment. Such crisis takes up a significant role and is beyond the control of the organization. This is the time where the adaptability of the organization comes to use. To make through this threatening crisis, the organization should come up with ideas and measures to stabilize itself and others. As customers’ demands drops, the supply drops correspondingly but the business should also be smart enough to come up with ideas of new products with lower prices, lower volume and efficient measures. This external factor is beneficial to the organization because it further strengthens it and invites a lot of changes. Take an example of an external change factors to an Ownership structure of a big companies and financial institutions, where it controlled stakes in one another, offering mutual protection from hostile takeovers and outside pressures. This stability helped many countries to rebuild shattered industries. Likewise, in a management of a labor relations too, a center-right government is likely to assume power and try to curtail unions, weakening ties between labor and management. So supervisory boards are giving Chief Executive Officers more decision-making power where it led to organizational change. In an outside Capital also, there is some foreign investors who have little or no say in running companies or forcing management changes. So the cross-border mergers were rare and after putting pressure on companies to restructure, everything put-off or shutdowns can accelerate. It is seen as a key performance indicator within business. In the business organization, customers are the king. In order to provide customer satisfaction, every company must introduce new products, attractive packing, adopting new technology, attractive schemes, provide special offers etc. when a customer is looking for a new technology and high quality products, company can update their technology. In these reasons customer satisfaction has a powerful external driving force of an organization.>
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