The business world of sports management received a shock when it was announced that the Los Angeles Clippers, which were recently put up for sale after the racist comments made by owner Donald Sterling, were sold to former Microsoft CEO Steve Ballmer. The purchase price is reportedly $2 billion, making the impending sale the largest for an NBA franchise. In fact, the sale dwarfs the $550 million sale of the Milwaukee Bucks, made only several weeks ago.
May 2014 Archives
When you think of the most valuable brands in the world, it may not be surprising that you think of a tech company. According to the market research firm Millard Brown, Google is the most valuable brand. The tech giant’s name recognition is worth an estimated $158.8 billion. Also significant is the fact that Google has leapfrogged Apple for the top spot. It is estimated that the value of Apple’s brand has fallen 20 percent.
As more companies rely on consumer statements on social media, the more that consumers forget that their comments can land them in hot water. A negative rant about a product on Amazon.com has raised the ire of a company that sells products on the site. A man in Florida was so dissatisfied with an Internet router he purchased that he took to Reddit.com to complain about it. Through his post, he asked for legal advice on how to resolve his problem. A law firm from Philadelphia replied, but it was not what the man expected.
Avoiding litigation may be more than just common sense for up and coming businesses and established enterprises alike. However, many businesses do not take genuine steps to avoid this despite the nature of litigation in today’s business climate. It’s no secret that legal disputes can be costly and disruptive, so business owners must be aware of the obvious, as well as the innocuous things, that could lead to a lawsuit. With that, we offer several tips that can help businesses avoid lawsuits.
Business leaders may seem like they are born with all the attributes that make a successful entrepreneur: leadership skills, public speaking gifts and above all else, confidence. However, the reality is that these skills are actually developed over time. So what should small business owners focus on in order to hone these skills? This post will highlight a few steps.