Want to 10x a multi-million dollar investment? Hire well!

How important is finding and retaining the right team member? Steve Jobs said “Hiring best is your most important task” and it’s a lesson the Golden State Warriors exemplify and they have reaped the rewards because of it. In 2010 – a group led by Peter Guber and Joe Lacob purchased the Warriors for $450Continue reading “Want to 10x a multi-million dollar investment? Hire well!”

Formula 1 and the North American Market

Did you watch the Formula 1 race last weekend? It’s not a question that was asked around many North American water coolers before the pandemic. However, the popularity of Formula 1 on this continent has grown tremendously over the last couple years…which is great for business. In looking at ways to expand their business – LibertyContinue reading “Formula 1 and the North American Market”

The multi-billion dollar marketing campaign

The Toronto Raptors are the most valuable franchise in Canada. Think about that for a second. Sportsbet compiled data from Forbes and Transfermarkt and found the Raptors to be worth $2.2 billion, a growth of 400% in 2012. We the North indeed In 2011, the Raptors set up relaunching their brand to the world and Canada and identifiedContinue reading “The multi-billion dollar marketing campaign”

Hiring Lessons from the NFL Draft

Move over Amazon Job Fair, the NFL Draft is the most watched and analyzed hiring event in North America. Analysts spend a year speaking with hundreds of stakeholders for the ability to podcast, write articles and build mock drafts to be consumed by fans of the NFL. But at the end of the day, the NFLContinue reading “Hiring Lessons from the NFL Draft”

The Rays and the art of building a team

The 2020 World Series is tied 1-1 and to say that the teams have different resources at their disposal is an understatement. A look at the graph below shows you how much each time paid for their starting lineups. The Dodgers hold a 3-1 spending advantage when looking at these numbers. The Rays make theContinue reading “The Rays and the art of building a team”

Nick Nurse’s Rapture

I was able to get my hands on an advanced copy of Nick Nurse’s new book, Rapture. The book recounts Nurse’s improbable journey to becoming the head coach of a World Champion NBA team. 🏀This was a great read combining sports, coaching/leadership and the lessons of hard work and persistence. Nurse globe-trotted his way aroundContinue reading “Nick Nurse’s Rapture”

Business Lessons from the Golden Knights’ success – Preparation + Opportunity = Success

In the third part of my look at the Golden Knights’ first year success and the lessons business professionals could extract I’m going to look at one organization’s mistakes and how general manager George McPhee & staff utilized them to their advantage. I’m sorry to pick on a team in particular but in this case, theContinue reading “Business Lessons from the Golden Knights’ success – Preparation + Opportunity = Success”

Business Lessons from the Golden Knights’ success – Employee Motivation, Loss Aversion and Competitive Advantage

I wanted to write about how the Golden Knights’ utilized the deadline to motivate their team and block their opposition.  Maybe their deadline actions can serve as lessons for you in your professional life, as well. With the Golden Knights having a fantastic regular season, the pressure was on General Manager George McPhee to add to their current roster, withoutContinue reading “Business Lessons from the Golden Knights’ success – Employee Motivation, Loss Aversion and Competitive Advantage”

Business Lessons from the Golden Knights’ success – Loss Aversion and Competitive Advantage

My interest in expansion teams probably began with the arrival of my hometown Senators in 1992 and continued into University when I wrote a thesis comparing the team construction of the Tampa Bay Devil Rays and Arizona Diamondbacks. Needless to say, I was following the arrival of the Vegas Golden Knights and their inaugural expansionContinue reading “Business Lessons from the Golden Knights’ success – Loss Aversion and Competitive Advantage”