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What Can The Late George Steinbrenner and the New York Yankees Teach Us About Economies and Diseconomies of Scale? From 1972-1976 the Oakland A's and Cincinnati Reds won all five of baseball's World Series Championships. Despite this amazing success, only 5 of those players went on to the baseball Hall of Fame. These teams dominated baseball. That is a total of 660+ possible players with less than 1% of them making it to the Hall of Fame as part of baseball's elite. When George Steinbrenner took over the Yankees in the early 1970's he wanted to have the best players at every position. In 1977-1978 it worked - they won 2 straight World Series titles - only two of players on that team (both former Oakland A's) made it to the baseball Hall of Fame. Most of the other players on the team came through the Yankees minor league farm system or were received in trades. Despite all the NYY successes since George initially purchased the team, they have had only one player elected to the Baseball Hall of Fame in the Steinbrenner Era. In the 1980's George pushed for better players and he got them - stacking his teams with perennial All-Star caliber players, paying them untold millions of dollars in salary. What did He get for that? He got the Yankees to perform as one of the worst teams in baseball from 1982-1991....What happened? What did George S. not understand about Economies of Scale and Dis-economies of Scale? Same rules as always. You may, and are encouraged to, bring in other examples outside the NY Yankees and sports - especially from your workplace or school.
Analyze marketing strategies in reaching markets with their products or services. Continue with a detailed description of marketing management strategies used in the implementation of the marketing plan.
Bob's preferences over consumption is defined by the following utility function: u(c1,c2) = c1^2/3c2^1/3. Note, c1 is Bob's consumption in period 1 and c2 is Bob's consumption in period 2. Calculate Bob's present value and future values of income for..
The US auto industry is characterized by a high degree of unionization. What would happen to unemployment in the US auto industry if the firms in the US auto industry were no longer unionized?
Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium price. Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q...
According to the Government (in 1998 suit) what actions did Microsoft use to unreasonably restraint trade and maintain its OS monopoly? Discuss.
What are the defining characteristics of the luxury goods industry? What is the industry like? (Describe market size and growth rate, scope of rivalry, consumer characteristics, degree of product differentiation, etc.) How is the market for luxury ha..
Between 2013 and 2014 in a particular nation, the value of the consumer price index—for which the base year is 2010—rose by 9.091 percent, to a value of 120 in 2014. What was the value of the price index in 2013?
It is priced at only $400. Suppose your opportunity cost of funds is 5 percent , which refrigerator should you purchase.
Consider the following two probability distributions: Sales (thousands of units) Distribution 1 probability (%) Distribution 2 probability (%) 50 10 10 60 20 15 70 40 20 80 20 30 90 10 25 a. Graph the two distributions shown in the table. What are th..
If Professor Mamuns contract pays $100,000 every year for next 6 years, what is future value of this contract at 5% discount rate. What is present value of contract.
In each of the situations described, state which component of aggregate demand (C, I, G, or NX) of the United States is affected and whether aggregate demand will increase or decrease as a result. The recent hike in the federal-funds rate target incr..
Critically examine the impact of WTO on US industry since its inception?
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