Rabaasso, C., Briars, M. & Rabasso, J. (2015). Royal family business in Qatar and the Emirates through sports club management: Green washing or a sustainable model? The cases of FC Barcelona and Manchester City. IJES Vol. 23 (2) 5.
This paper explores a couple of concepts. The authors look at two examples of sports teams -- FC Barcelona and Manchester City -- that are owned by royal families, one in Qatar and the other in Abu Dhabi. The first premise is that the authors contend these sporting clubs engage in "sustainable" and "responsible" activities. The second element of the article ponders whether those activities will affect a culture shift in these home nations, with the royal families essentially learning things about these concepts from the West and then applying them to their own nations.
On the first point, the author does not do a particularly good job at outlining the term "responsible," but rather simply repeats that these organizations have "responsible practices," yet never elaborating on what these actually are. It is certainly not sustainable to jet teams and players around the world, and expend tremendous resources for the sake of ephemeral entertainment. The authors would have strengthened their case considerably by referencing exactly what these responsible practices at the heart of their study are.
The authors begin with a discussion about culture in Qatar, including some of the different things that the royal family is doing with regards to buying art and promoting education. On an unrelated tangent, the authors write about building Qatar's brand as a nation, whatever that means. As fascinating as a full recounting of the royal family's art purchases might be to some, it has nothing to do with the topic of this paper.
The author delves into some of the labor practices in Qatar, including the issues that the country faces with respect to gender discrimination. There has been external pressure placed on Qatar for human resources reform, as the country moves into the modern world. There is a lot of talk about Qatar Airways, for some reason. There is then some discussion about the foreign migrant workers in the country, estimated to be 1.2 million. Most come from poor countries, but face issues such as being unable to leave the country. There have been accusations of labor exploitation directed at foreign workers in Qatar. These are the two key issues of note in the discussion that frames the ways in which re-patriating Western values might change Qatari society.
The next section of the paper provides an overview of the Abu Dhabi situation, where City Football Group owns several football clubs worldwide, with Manchester City as its flagship, but also teams in New York, Melbourne and Yokohama. This is followed by an overview of some of the ethical issues that have been associated with Abu Dhabi, again pertaining mainly to the treatment of the migrant foreign work force. There have been accusations on a lot of different levels, including long hours, lack of drinking water, housing, heavy debt and people having their passports held.
The author then makes the assertion that these teams are building some sort of "globally responsible" brand image, without providing evidence that they are doing so, or that responsibility (however defined) is even part of their marketing efforts at all. The authors then toss out the term "green-washing," again offering up no evidence nor case that there is even an attempt by either sports club to portray itself as an environmental champion or to misrepresent its ethics. The authors actually reference a science fiction novel and a Michael Moore film at this point, having completely abandoned all pretense of professionalism.
They discuss what greenwashing is, cite a selection of their favorite dystopian novels. So there is some sloppy work trying to outline what the basic concepts are that the authors wish to discuss -- what is sustainability, for example -- but there are never linked back to the sports organizations being studied. Then they go back to talking about how kids like their football heroes. They do note that FCB participates in some sports development programs in its native Catalonia. The thing is, these programs have existed for a long time, and they are not associated with any "greenwashing " effort --just because a profitable company donates some time in the community does not mean it is trying to deliberately mislead consumers about its environmental record. The two are not even connected.
The authors after outlining some of the work the Barcelona Foundation does turn their attentions to some of the work that Manchester City does. They quickly make the leap, without even remotely substantiating...
The cyclicality of Choice, evidenced by their beta, and the intense competitive pressures, means that the firm is at risk for periods of difficulty. If they are too highly-leveraged, these periods could cause irreparable harm to the company. Ideally, Choice would limit the downside damage caused by the inevitable turbulent times. The medium debt ratio achieves this. The ideal capital structure for Dell Computers is a high debt ratio. Dell's
Although advertising costs can be substantial, it is essential that companies place significant amounts of funding into advertising. Such funding is necessary because it provides companies with a competitive advantage. According to Doraszelski & Markovich, (2007) "Practitioners know very well the value of advertising to achieving their long-term market share and profitability goals. A survey of senior executives in 1999 reveals that 82.9% somewhat or strongly agree that good advertising can
The company finances foreign operations with debt from a number of different countries. It does this on the basis of the parent company's credit rating, which illustrates that the implicit understanding with respect to the parent company default guarantee of subsidiary debt holds across different debt markets (Stern & Chew, 2003, 394). There are also times when the capital structure is determined more by strategic considerations than any other. Many
Capital Structure Avenues that can Impact the ValueHow capital structure affects worth is depended on the debt effect on the weighted average cost of capital and or free cash flow. A series of steps must be followed to the capital structure understudy to get the weighted average cost of money. First, evaluate the lowered beta and cost of equity. The second step is to estimate the interest rate and cost
Question Berk and DeMarzo (2020) exemplify the variances between the three key approaches companies utilize for capital budgeting with leverage and within imperfect markets. These approaches comprise the Weighted Average Cost of Capital (WACC) method, the Adjusted Present Value (APV) Method, and the Flow-to-Equity (FTE) Method.The Weighted Average Cost of Capital methodWACC refers to a weighted average of the cost of debt, the cost of equity, and also the cost
Community development is concerned with tackling inequities, and with understanding the interconnections and pathways between the various determinants of health for particular communities. The effectiveness of community development in health is enhanced by partnerships between health and other sectors such as education, housing, arts or sport, or in programs such as community building and neighborhood renewal. Community development approaches to health promotion are generally poorly identified in planning and practice.
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now