Business and Sports Management

Advisors	Financial and business counselors
Agent	An athlete's legal representative
Assets	Things of value that a business owns
Autocratic	Manager making all the decisions
Bankruptcy	Legal process that allows selling assets to pay off debt
Board Of Directors	The ruling body
Brainstorming	A group problem-solving technique in which members sit around a let fly with ideas and possible solutions to the problem
Brand Marketing	Creating a perception that separates an organization from its competitors- recognition of brand
Budget	Specific financial plan that assists managers in determining the best way to use available FINANCIAL resources
Business Plan	Written guide used during business startup
Capital	General term used for stock
Ceo	Top executive of a corporation
Charter	The certificate of Incorporation
Code Of Ethics	Rules of conduct that set standards for what is valued as right or wrong
Communication	Sharing of info which results in a high level of understanding
Conflict	Situation where one person interferes with the achievement of another person's goals
Consultative	Manager calls upon others to share in the decision
Convenience	Inexpensive items
Cooperative	Owned and operated by its user-members
Copyright	Agreement given for literary and artistic
Corporate Culture	Shared values, beliefs, and behavior in an organization
Corporation	Type of organizations that are few in # but large in size
Creditors	To whom $ is owed
Decision Making	Creating and choosing alternatives to reach a goal
Decline	Profits no longer appealing
Delphi	Questionnaires are used