By Neil Longley
This e-book takes a multi-disciplinary method of reading the character of ‘competition’ and ‘competitive virtue’ in the U.S. professional game undefined. via many measures, the 4 significant seasoned activities leagues within the U.S. – the nationwide soccer League (NFL), nationwide Basketball organization (NBA), nationwide Hockey League (NHL), and significant League Baseball (MLB) – at the moment are one of the most profitable company entities within the nation. whereas those validated leagues have in general been hugely ecocnomic all through their respective existences, the previous 20 years were quite profitable, with franchise values in all 4 leagues turning out to be swiftly, and at degrees well past industry premiums of go back. inside this context, the ebook seeks to discover the character of the aggressive virtue that those leagues it sounds as if own. the aim is to spot not just how those leagues were in a position to get to the place they're this present day, but additionally to envision the aggressive threats and possibilities that those leagues face as they circulation ahead. A key contribution of the e-book is that it analyzes those concerns from a multi-disciplinary method together with a conventional economics standpoint, public coverage and public selection conception and strategic administration, to supply a parallel reason for the good fortune of every of the 4 significant leagues. It argues that no unmarried conceptual process can, in itself, competently clarify the whole richness of the difficulty. Its stresses that those quite a few methods may still in most cases be considered as enhances, instead of as being collectively specific, and complete knowing of the problem calls for one to undertake a multi-disciplinary standpoint, making it of curiosity to students in strategic administration, activity administration, and economics. it may well function a good educating instrument in either graduate and upper-level undergraduate classes for college students in those fields, and is especially important for colleges trying to emphasize to their scholars the significance of a multi-disciplinary, integrative, technique whilst reading company and administration matters. The ebook can also be of curiosity to leaders in the activity itself, and may aid to supply perception and point of view as leagues search to reinforce their aggressive virtue within the marketplace.
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Extra resources for An Absence of Competition: The Sustained Competitive Advantage of the Monopoly Sports Leagues
As importantly, the external environment at the time seemed favorable. Market demand for football was strong. By the early 1980s, football had long overtaken baseball as America’s most popular spectator sport, with interest and TV ratings for both the NFL and college football continuing to rise. However, at the same time, and to the potential benefit of the USFL, the NFL was in the midst of several significant problems. In 1982, 1 year before the start of the USFL, Al Davis had moved his Oakland Raiders franchise to Los Angeles, a move strongly opposed by the NFL.
It is only through the formation of an entire rival league that individual clubs in the established league can face competition. , that it is leagues, and not individual teams, that are the critical entity in the North American sport business, and that it is leagues upon which one must focus in order to better understand the nature of business competition in the industry. 4 Defining Competition An argument sometimes heard is that, while teams and leagues face no direct competition from a rival league, they still face competition in the broader sport and entertainment market.
While Trump was the original owner of the New Jersey franchise, he sold it to Oklahoma oilman Walter Duncan before the USFL’s inaugural season, although Trump would infamously become re-involved with the USFL when he would buy the New Jersey franchise back from Duncan less than 2 years later. 28 3 The USFL as a Case Study The remainder of the ownership group included individuals from a variety of backgrounds. The Chicago Blitz franchise was owned by Ted Dietrich, a Phoenix cardiovascular surgeon.