sábado, 13 de febrero de 2010

T.O.T.B! - Money or sport? What's the real value of strategic decisions?

Trying to readjust to the European time, back from my trip to Santo Domingo, I can’t stop obsessing over the disjunctive situation that confronts strategic decisions and economic decisions in sports.

Where’s the point over which a decision maker decides to forego a specific amount of money over an opportunity where his sport, and as in many cases, his National Team will benefit from the best sporting opportunity?

So far the thought of the lack of objective character by some is overwhelming, although doesn’t deprive me of sleep.

I think more than ever, and specially in the Caribbean countries as Dominican Republic, is time for really prepared professionals taking over decision making positions in the sport organizing bodies and also in private initiatives.

Not always an “X” amount of money is the best deal. There are parallel benefits alongside monetary retributions, and in all cases there’s the opportunity cost (which is, for those who don’t have a clear sense of what it is, the value of the next-best choice available to someone who has picked between several mutually exclusive choices).

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Rayde Luis Báez

B.Sc. in Economics, Master's in Banking and Finance, in Sports Management, and in Sports Marketing and Communication.