July 2nd, 2011
Competitive Advantage in the World of Professional Sports
In today’s world the place you will see the essence of competitive advantage, is no other than the world of professional sports. Manchester United is one of the most famous English soccer teams in the world. The reason that this English soccer team has been able to capture the attention of the world is their ability to consistently maintain a competitive advantage, that keeps them on top of the league. Manchester United has been around since 1902; unofficially they have had a team since 1878, but were known as Newton Heath LYR Football Club, which was changed to Manchester United in 1902. The reason for the change in name was due to the poor financial condition the team was in and after agreeing to allow four investors that agreed to provide the funds for full control of the team is when their name was changed to Manchester United. Now with new investors are the head, and a new name
Professional sports teams strongly focus upon competitive advantage. As one of the most popular baseball teams, the New York Yankees have built and kept a sustainable competitive advantage. The New York Yankees began Manhattan in 1903; they were founded by Frank Farrell and Bill Devery, and played in a stadium called Hilltop Park. Being that the Yankees started with the name Highlanders they were not welcomed by the New York Giants or the Brooklyn Dodgers. It became quite difficult for founders to deal with this difficulty. Farrell and Devery knew that winning games would help to sustain competitive advantage. After the Highlanders were renames the Yankees they, purchased a contract in 1920 and became the best baseball player ever, Babe Ruth. At that point, the Yankees were known to be the best and understood how to maintain competitive advantage....