Three Business Lessons from the NFL Lockout

Now that National Football League and players have reached an agreement on a new 10-year labor deal that officially ends the lockout, at least one person thinks the four-month-long negotiation process offers lessons for small-business owners.

"What the NFL has done here, is to keep focus first on the fan experience, with the belief that everything else that's good [about the business of football] will fall into line after that," says Roger L. Martin, author of Fixing the Game: Bubbles, Crashes, and What Capitalism Can Learn From the NFL(Harvard Business Press, 2011). Martin is a co-founder of Cambridge, Mass.-based strategy consulting firm Monitor and serves as dean of the Rotman School of Management at Canada's University of Toronto.

"That's a recipe for success for any business," says Martin.

An executive committee of players and team representatives voted today in favor of a version of a proposal that was agreed on by the owners last week. Issues that were ironed out in the new collective-bargaining agreement include a new revenue split between owners and players, a $120 million annual salary and bonuses cap per team, plus new salary rules for first-round draft picks.

A number of teams are expected to open for preseason workouts as early as Wednesday.

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* Article is courtesy of Entrepreneur Magazine

Author: Jersey Girl Sports

Jersey Girl Sports is a lifestyle brand dedicated to the millions of women who like to watch sports. We present sports from the female perspective--the way we see it, how we talk about it and what we have to say about it. It's sports on OUR terms. We can enjoy sports as much as any man, just with better shoes.

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