Consider a professional sports team such as the Miami Heat, the Chicago Cubs, or the Colorado Avalanche.

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Consider a professional sports team such as the Miami Heat, the Chicago Cubs, or the Colorado Avalanche. The team comprises many individuals, each of whom is a gifted athlete and is well paid. As a multimillion dollar business, the team also has several layers of management staff in addition to the usual complement of coaches and trainers. Professional sports teams are often owned by partnerships and corporations, with a wealthy individual having controlling interest.

Required:
a. What are the goals of a team's owners? Do these goals mesh with the goals of the coaching staff and the individual players?
b. What methods do owners use to align the goals of individual players with the goals of the team?

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Managerial accounting

ISBN: 978-0471467854

1st edition

Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin

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