Sources of Revenues and Expenses for Sport Organizations Essay

Sources of Revenues and Expenses for Sport Organizations - Essay Example Other source of revenue that they have in common includes contributions from individuals, associations, corporations, foundations, or clubs. Being national organizations, the National Collegiate Athletic Association and the National Collegiate Table Tennis Association have grants from schools in the form of support from the university. Such school funds include both indirect and direct support from the university, for instance state funds and federal Work Study amounts for the athletes. In addition, it includes university-provided support, for instance, facility and grounds maintenance, administrative costs, security, utilities and risk management. The National Collegiate Athletic Association raises revenue from Game guarantees and game programs, National Collegiate Table Tennis Association from royalties while USA Triathlon Collegiate National Association from local media. Not-for-profit organizations like the National Collegiate Athletic Association and the National Collegiate Table Tennis Association also sells items for profit and ploughs it back into the organization. They also generated revenue in the form of sales of assets and inventory. In terms of expenses, all the three organizations pay salaries to their coaches and staffs, they have sponsorship programs, team expenses, purchase equipment and uniforms and general and administrative expenses. Sponsorship programs are sport-related aids. All of them contribute towards maintaining buildings, grounds and facilities (Masteralexis, 2014). In addition, they have medical expense/insurance in common for all of their stakeholders, coaching, staff and players. both the National Collegiate Athletic Association and the National Collegiate Table Tennis Association pays guarantees to other schools, pays game day and camp expenses and renders severance payments to their past staff and coaches. However, USA Triathlon Collegiate National Association has expenses such as incentive awards, essay

Organization of the Olympic Games in London Essay

Organization of the Olympic Games in London - Essay Example Operations are the processes by which an organization puts in effort regarding the inputs i.e. the strategies to generate the required output namely, the services, with increased quality. Management is the process that unites and renovates various resources implemented in the operations to derive value-added services in a controlled manner based on the policies of the organization. Furthermore, the interrelated managerial activities, those are required for service management, is also referred as the operations manager. The Operations Management literature states that the activities related to the organizational operations must focus on the strategies that are consistent with the organizational aims and with other functionalities related to marketing and human resource. Olympics have been one of the largest events in the sports segment that involves almost all the countries of the world. Since its commencement, the event is being organized every 4 years in different countries inviting players from various nationalities and categories. During the Olympics, it has often been observed that citizens from various parts of the world attempt to visit the hosting country for experiencing the greatest sport of events. Furthermore, it has been noticed that there is a wide range of facilities required to be developed before the sporting event is being commenced. Certainly, the development of these facilities requires huge capital funds which eventually will boost up the success of the upcoming event.... Management is the process that unites and renovates various resources implemented in the operations to derive value added services in a controlled manner based on the policies of the organisation. Furthermore, the interrelated managerial activities, those are required for service management, is also referred as the operations management. The Operations Management literature states that the activities related to the organisational operations must focus on the strategies that are consistent with the organisational aims and with other functionalities related to marketing and human resource (Kumar & Suresh, 2009). Olympics have been one of the largest events in the sports segment that involves almost all the countries of the world. Since its commencement, the event is being organised every 4 years in different countries inviting players from various nationalities and categories. For instance, in the current year, i.e. 2012, the Olympics are planned to be held in London. During the Olympi cs, it has often been observed that citizens from various parts of the world attempt to visit the hosting country for experiencing the greatest sport of events. Furthermore, it has been noticed that there are a wide range of facilities required to be developed before the sporting event is being commenced. Certainly, the development of these facilities requires huge capital funds which eventually will boost up the success of the upcoming event. The objective of the paper is to evaluate the strategic processes involved in the execution of operations when conducting Olympics 2012. Furthermore, the problems that could arise in operating the event will also be identified along with the evaluation of reasons