Sports & Business
by Brandon T. Moore
Agenda
Sports Overview Business/Sport Correlation Business Men in Sport Sports Owners & Stories
Sports Overview
Sports Business Industry
– $213,000,000,000 – 2x the car industry – 7x the movie industry
Key Component Categories
– – – – Advertising Endorsements Sporting goods Spectator Spending
source: Street & Smith’s Sports Business Journal
Business/Sports Correlation
Modeling the Way – best players are typically the best leaders Inspire a Shared Vision – vision towards championships & achievement Challenge the Process - new strategies, players etc… Enable Others to Act – unsung and heroes and underdogs Encourage the Heart – talent does not always equal success
Businessmen in Sport
Not only do business leadership skills correlate to sports leadership but many businessmen take their business knowledge to conquer the sports world.
Charles Howard
Moved to San Francisco at 26 with 21 cents in his pocket Eventually began to fix the unreliable automobile Saw the future and went to Detroit to set up Buick dealerships in the West Eventually was in control of all distributorships in the West Own rags to riches stories was paralleled by the rags to riches story of his famous horse Seabiscuit
– Winner of the “Race of the Century” v.s. War Admiral in 1938
George Steinbrenner
Took over struggling American Shipbuilding Company in 1957 Bought the New York Yankees in 1973 Has won 6 World Series Championships
"Winning is the most important thing in my life, after breathing. Breathing first, winning next."
Mark Cuban
Microsolutions – formed 1982, Dallas (sold for 6 million, 1990) Broadcast.com – live games through the internet (sold for 5.7 billion, 1999) Bought the Dallas Mavericks in 2000 Current 2nd best record in the NBA and championship contender
William Davidson
Chairman of Guardian Industries Corp. – fabricated glass (president since 1957) Brought the firm from a local Michigan windshield maker to an international, billion dollar company Net worth of 2 billion Bought the Detroit Pistons in 1974, Bought the Tampa Bay Lightning in 1999 Won the NBA Championship in 89, 90, 04 and the Stanley Cup also in 04
Summation
Numerous parallels between the business success and sporting success that they each have achieved. The entrepreneurial and rebuilding spirit for each manifested itself also in their sports endeavors. Leadership skills can be applicable in settings other than an office