http://www.forbes.com/2009/09/29/tiger-woods-billion-business-sports-tiger.html
This article summarizes the financial accomplishments of Tiger Woods over his career. What I found interesting about this article was the variety of ways Tiger Woods makes his money. First and most obvious, Tiger is a professional athlete. Golf however, is different than many professional sports because of the way salaries are done. In the NFL, NBA and most other professional sports players are given a set salary. Todd Helton for example, will make his salary regardless if the Rockies make it to the World Series or not. Yes, he will make more money depending on how far his team goes in the playoffs, but there is never a threat of him making nothing. In the world of Golf you only make money if you win. There are plenty of professional golfers that can go months without making a dime because they are not playing as well as other golfers. The amount of money Tiger has made shows how truly dominant he is at his craft. Outside of golf Tiger makes the rest of his money through endorsements. Tiger has deals with Nike, Pepsi, Gillette, Electronic Arts, Accenture and AT&T. When watching a sporting event it is also impossible not to see an ad featuring Mr. Woods. Through Nike Tiger has his own brand of golf clubs (TW Victory Red Blade Series), Pepsi gave Tiger his own brand of Gatorade (Gatorade Tiger) and he currently is the star of the #1 selling golf video game on the market (Tiger Woods PGA TOUR). His revenue stream comes from so many different sources, that it is a wonder he did not eclipse this mark sooner.
Wednesday, September 30, 2009
Business Publication #2 Denver Post
http://www.denverpost.com/technology/ci_13362212
This article reported on the Rocky Mountain Life Science Investor Conference. This is an event where many smaller medical companies can come and pitch there ideas to 25 venture capitalist companies. What I found interesting about this article was, all the different ideas these companies had. One company, Beacon Biotechnology, is developing a microchip that would totally change the way medical doctors look for diseases. By pouring a drop of blood on the chip, it is able to identify up to 100 different diseases. With this piece of technology doctors would not have to worry about guessing what type of disease a patient has, it would be shown on the chip. Another idea I found interesting came from a company called BiOptix. There project is to develop a biomedical scanner that can detect various amounts of viruses and bacteria. There product can be used to find the early stages of cancer. This day in age anything we can do to give us the edge over cancer imperative. It was documented that in total the companies are looking for $150 million in financing. Each of the companies that I read about in this article were asking for, on average, $5 million in financing. This amount may seem high, but if these companies can do what they intend on doing it save a lot of lives and generate a big pay day for investors.
This article reported on the Rocky Mountain Life Science Investor Conference. This is an event where many smaller medical companies can come and pitch there ideas to 25 venture capitalist companies. What I found interesting about this article was, all the different ideas these companies had. One company, Beacon Biotechnology, is developing a microchip that would totally change the way medical doctors look for diseases. By pouring a drop of blood on the chip, it is able to identify up to 100 different diseases. With this piece of technology doctors would not have to worry about guessing what type of disease a patient has, it would be shown on the chip. Another idea I found interesting came from a company called BiOptix. There project is to develop a biomedical scanner that can detect various amounts of viruses and bacteria. There product can be used to find the early stages of cancer. This day in age anything we can do to give us the edge over cancer imperative. It was documented that in total the companies are looking for $150 million in financing. Each of the companies that I read about in this article were asking for, on average, $5 million in financing. This amount may seem high, but if these companies can do what they intend on doing it save a lot of lives and generate a big pay day for investors.
Wednesday, September 16, 2009
Career Fair Assignment
1. I went to the fair on Wednesday, Sept. 16
Ameristar Casino
Capital Financial Strategies Group
2. Ameristar:
Q What kind of extra activities do you look for in your applicants?
A Customer service is one of the major aspects of our industry so we want someone who can be social. Any type of team organization, whether it's a sports team, environmental club, anything that you can say you participated group work.
Q What type of GPA do you look for in your applicants?
A Anything above a 3.0 will get you noticed, but what we really look for are interpersonal skills. So basically your grades get you in the door, but your interview has to set you apart from the rest of the group.
Capital Financial Strategies Group
Q Is there any specific concentration you are looking for with your applicants?
A We tend to look at the business and economic majors for our positions. As far as concentrations go we tend to look for management, accounting or finance. Our applicants all start out in the same pool and then they are filtered into one of two groups, finances or management. Your concentration doesn't necessarily indicate which group you will go in, it just comes down to which area the company feels you would do the most good in.
Q When do you start doing internships?
A Most of our internships are directed at juniors and seniors.
3.The hardest part of the career fair would have to be, the fact this was a new experience for me. I had never been to a career fair before, so I had no idea what to expect. I was a little flustered at the beginning, but as I talked to more companies I became more comfortable with the new atmosphere.
4. The next time I go to the career fair I will try and ask questions more personal to me. Instead of just asking, "what kind of extra activities do you look for in your applicants?" I will ask, "I am a member of the Sigma Phi Epsilion fraternity, do you look at fraternities as an extra-curricular?" When talking about GPA I will say I have X.XX GPA how do I stack up against most applicants?"
5. From the companies I asked questions to, I learned that grades are very important, but not always the most important thing. Considering the fields I want to go into, I will need to participate in activities that show companies I can be personal to their customers. When going into an interview I will need to be prepared. This is because it seems companies base the majority of their decision on how you present yourself. Overall I thought the career fair was a great experience, it gave me an idea of what I need to do over the course of my college career to be competitive in the job market.
Ameristar Casino
Capital Financial Strategies Group
2. Ameristar:
Q What kind of extra activities do you look for in your applicants?
A Customer service is one of the major aspects of our industry so we want someone who can be social. Any type of team organization, whether it's a sports team, environmental club, anything that you can say you participated group work.
Q What type of GPA do you look for in your applicants?
A Anything above a 3.0 will get you noticed, but what we really look for are interpersonal skills. So basically your grades get you in the door, but your interview has to set you apart from the rest of the group.
Capital Financial Strategies Group
Q Is there any specific concentration you are looking for with your applicants?
A We tend to look at the business and economic majors for our positions. As far as concentrations go we tend to look for management, accounting or finance. Our applicants all start out in the same pool and then they are filtered into one of two groups, finances or management. Your concentration doesn't necessarily indicate which group you will go in, it just comes down to which area the company feels you would do the most good in.
Q When do you start doing internships?
A Most of our internships are directed at juniors and seniors.
3.The hardest part of the career fair would have to be, the fact this was a new experience for me. I had never been to a career fair before, so I had no idea what to expect. I was a little flustered at the beginning, but as I talked to more companies I became more comfortable with the new atmosphere.
4. The next time I go to the career fair I will try and ask questions more personal to me. Instead of just asking, "what kind of extra activities do you look for in your applicants?" I will ask, "I am a member of the Sigma Phi Epsilion fraternity, do you look at fraternities as an extra-curricular?" When talking about GPA I will say I have X.XX GPA how do I stack up against most applicants?"
5. From the companies I asked questions to, I learned that grades are very important, but not always the most important thing. Considering the fields I want to go into, I will need to participate in activities that show companies I can be personal to their customers. When going into an interview I will need to be prepared. This is because it seems companies base the majority of their decision on how you present yourself. Overall I thought the career fair was a great experience, it gave me an idea of what I need to do over the course of my college career to be competitive in the job market.
Business Publication #1 BBC news
http://news.bbc.co.uk/2/hi/business/8257032.stm
This article reported on the effectiveness the "Cash for Clunkers" program has had on US auto sales in the last few months. After reporting that the "Cash for Clunkers" scheme did bolster the auto industry temporarily, many analysts are now reporting that the US auto industry is in store for a "V curve" pattern. This statement makes a lot of sense, and that is what I found interesting about this article. A "V curve" is another way of saying the auto industry reached its peak during the "Cash for Clunkers" program. This means that since the program has ended, the auto industry is liable to fall just as quickly as it rose during "Cash for Clunkers". I agree with this statement, because anyone that wanted to sell their old car did it during the "Cash for Clunkers" sale. Since the sale is over no one will be bringing in their old car looking to buy a newer, more fuel efficient car. Without the "Cash of Clunkers" customers coming onto dealership lots, there will not be enough sales to keep the auto industry at the current level of sales it is at. This will inevitably cause dealerships to lose money and possibly put us right back where we started. I hope the "Cash for Clunkers" program was the extra push we needed to get the US auto industry back on track, but according to this and several other reports I have read it hardly seem likely.
This article reported on the effectiveness the "Cash for Clunkers" program has had on US auto sales in the last few months. After reporting that the "Cash for Clunkers" scheme did bolster the auto industry temporarily, many analysts are now reporting that the US auto industry is in store for a "V curve" pattern. This statement makes a lot of sense, and that is what I found interesting about this article. A "V curve" is another way of saying the auto industry reached its peak during the "Cash for Clunkers" program. This means that since the program has ended, the auto industry is liable to fall just as quickly as it rose during "Cash for Clunkers". I agree with this statement, because anyone that wanted to sell their old car did it during the "Cash for Clunkers" sale. Since the sale is over no one will be bringing in their old car looking to buy a newer, more fuel efficient car. Without the "Cash of Clunkers" customers coming onto dealership lots, there will not be enough sales to keep the auto industry at the current level of sales it is at. This will inevitably cause dealerships to lose money and possibly put us right back where we started. I hope the "Cash for Clunkers" program was the extra push we needed to get the US auto industry back on track, but according to this and several other reports I have read it hardly seem likely.
Business Publication #1 The Australian
http://www.theaustralian.news.com.au/business/story/0,28124,26083609-643,00.html
This article was an informative piece following up on the statement that Federal Chairman Ben Bernake made yesterday. Bernake told Washington that, "the recession is very likely over at this point." The response this has generated from investors is incredible. As of today all markets are up, some have reached points higher than they have reached in months. The response by investors, over one man's statement is what I found so interesting about this article. I understand that this man is very high up in terms of economic knowledge, but how can one man's opinion generate this kind of response? After his statement he was quick to state that even though the recession is ending, many people's lifestyles will not change. If there are no new jobs and employment statuses are not changing, how can people go out and spend money if there is no promise of new income? Overall I am glad that this statement has sparked some upward movement in terms of the stock market. What worries me however, is how he came upon this theory. If in his statement, Bernake supported his claim with statistical evidence or stock reports I could be sure that this recession is truly over. Now, he may have went into more detail about this in another report, but by reading this report alone I am not sold that the recession is over.
This article was an informative piece following up on the statement that Federal Chairman Ben Bernake made yesterday. Bernake told Washington that, "the recession is very likely over at this point." The response this has generated from investors is incredible. As of today all markets are up, some have reached points higher than they have reached in months. The response by investors, over one man's statement is what I found so interesting about this article. I understand that this man is very high up in terms of economic knowledge, but how can one man's opinion generate this kind of response? After his statement he was quick to state that even though the recession is ending, many people's lifestyles will not change. If there are no new jobs and employment statuses are not changing, how can people go out and spend money if there is no promise of new income? Overall I am glad that this statement has sparked some upward movement in terms of the stock market. What worries me however, is how he came upon this theory. If in his statement, Bernake supported his claim with statistical evidence or stock reports I could be sure that this recession is truly over. Now, he may have went into more detail about this in another report, but by reading this report alone I am not sold that the recession is over.
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