Moneyball Companies

In: Other Topics

Submitted By MelissaVazquez24
Words 768
Pages 4
Melissa Vazquez
Journal #2/ Article #2
“Managers tend to pick a strategy that is the least likely to fail, rather than to pick a strategy that is more efficient,” said Palmer. “The pain of looking bad is worse than the gain of making the best move.” – Michael Lewis, Money ball: The Art of Winning an Unfair Game. That was the quote that came to my mind when and while I was reading this article. But before reading this article, I had no idea how marketing can just like baseball in many ways. Let alone, did I think or believe that you can use the “Moneyball,” method within marketing. But just like baseball, I think you can use that method because at the end you are trying save tons of money while trying to market your product the best out in the field.
In order to have your marketing team use a “Moneyball” method you need to able to trust your team, trust your gut and trust your data. I personally believe now after reading the article and seeing the movie marketing and baseball are so likely in many ways. In baseball and marketing, you got to be able to trust your team with the decisions that you guys make. As well as that in both you have to be able to trust your gut with either what player you decide to sign or what you want to market. As well as in both you have to trust your data that you have on either players or what the market tells you about the products that are being marketed out there.
In Moneyball, Beane was success in what he did because he trusted his team. He put the right people on his staff and allowed each one of them to develop themselves within the organization that ends up helping him out in the long run. Just in marketing, the most successful marketers are teaming up with IT counterparts. So what these successful markets need to do is be able to trust their team which means that have to trust these IT counterparts on their team. They have trust…...

Similar Documents


...Sandra Baah Business Statistics Dale Matheny February 29 2012 The book Moneyball by Michael Lewis is about a former major league baseball player who became the manager of the Oakland A’s. It tells the story of how he led the team to success despite their low budget by using computer based analytics to draft players. With the help of Bill James, the Oakland A’s came up with a new plan based on statistics to draft players. He went after players nobody wanted due to their low budget and his new plan. Billy led the Oakland Athletics to a successive win seasons by changing the way he measured players. He abandoned the traditional 5 “tool” the other scouts used and adopted empirical analytics. The abandonment of the traditional assessment of players for the analytical approach led to high victory for the Oakland A’s despite their low budget. By applying sabermetrics to baseball the Oakland Athletics found a way to defeat rich teams. Billy Beane had a different approach, he had metrics he used particular metrics to evaluate and pick players. Those metrics are, on base plus slugging, walks and hits per innings pitched, and base runs. James thought the statistics for baseball were inaccurate. James stated that “statistics were not merely inadequate; they lied. And the lies they told led the people who ran major league baseball teams to misjudge their players and mismanage their games” (Lewis 67). By recognizing this, it helped the Oakland A’s find undervalued players because the......

Words: 662 - Pages: 3


...GMAN 311 – Moneyball Writeup What was the organizational goal? -The goal of the organization was to build a successful/competitive baseball team with the very limited payroll the executive staff had to work with. What was the decision criteria in the opening scene? The decision criteria in the opening scene of Moneyball was to formulate a team using more of a traditional system of qualifying players by there batting average, RBIs, etc. What was the conviction that haunted the general manager? -Billy Beane Loved the game of baseball and would do anything to stay involved with the sport. He was considered to be one of the best baseball players coming out of high school and decided play professional baseball instead of developing his skills in college. He was haunted by the fact that his ability was hyped and his playing career ultimately became a bust. What did the economist from Yale say should be the criteria? -The economist recommended taking a “sabermetric” approach. This was considered to be an unconventional way of prospecting players at the time because it focused on statistics that were though of as pointless to consider by many scouts at the time. How did the gm implement it? -Amongst much resistance, Beane forced this new method on Art Howe by trading away their really good players. This left Howe with no choice but to play the newly signed, inexperienced players. Was it perfect? -The system was most certainly not perfect, but did prove to be......

Words: 333 - Pages: 2


...Moneyball: The Art of Winning an Unfair Game Michael Lewis For Billy Fitzgerald I can still hear him shouting at me Lately in a wreck of a Californian ship, one of the passengers fastened a belt about him with two hundred pounds of gold in it, with which he was found afterwards at the bottom. Now, as he was sinking-had he the gold? or the gold him? —John Ruskin, Unto This Last Preface I wrote this book because I fell in love with a story. The story concerned a small group of undervalued professional baseball players and executives, many of whom had been rejected as unfit for the big leagues, who had turned themselves into one of the most successful franchises in Major League Baseball. But the idea for the book came well before I had good reason to write it—before I had a story to fall in love with. It began, really, with an innocent question: how did one of the poorest teams in baseball, the Oakland Athletics, win so many games? For more than a decade the people who run professional baseball have argued that the game was ceasing to be an athletic competition and becoming a financial one. The gap between rich and poor in baseball was far greater than in any other professional sport, and widening rapidly. At the opening of the 2002 season, the richest team, the New York Yankees, had a payroll of $126 million while the two poorest teams, the Oakland A's and the Tampa Bay Devil Rays, had payrolls of less than a third of that, about $40 million. A decade before, the highest......

Words: 101165 - Pages: 405

Be Company

...income statements, balance sheets, and cash budgets based on sales increases of 500 units per month and 30-day advanced production for January through September. See attached income statements, balance sheets and cash budgets. When will the company need extra funds? How much will be needed? When can a short-term loan to cover the need be repaid? The company needs extra funds in April to keep from going into a negative bank balance by the end of April. If nothing changes the ending bank balance for April will be -$2500. A short term loan of $2500 will allow the company to continue operating through April. Unfortunately if nothing changes, they will need another short term loan of $25000 to operate through May, $37500 to operate through June, $40000 to operate through July, and $32500 to operate through August. If the business plan is not changed or customers made to pay within the net 30 terms, a short term loan cannot be repaid with the current sales and production schedule. 2. How is it possible that a company starts with $250,000 in capital and has profitable sales for a period of six months and still ends up with a zero bank balance? Why did Medieval Adventures need money in April? How could this need have been avoided? The company runs out of cash because the aggressive growth schedule cannot be sustained while the customers are allowed to pay invoiced 30 days late. Medieval Adventures needs money in April because the cost to produce the June inventory. Aaron......

Words: 1247 - Pages: 5


...Contents Introduction - 5 - Leadership - 6 - Transformation - 8 - Innovation - 9 - 3-Bias Theory - 10 - Conclusion - 13 - References - 14 - Introduction ❖ Book (Non-Fiction) – Moneyball: The Art of Winning an Unfair Game ❖ Author - Michael Lewis ❖ Publication Year - 2003 ❖ Key Learnings – Leadership, Innovation, Change Management, Organizational Culture, Risk-taking, Transformation, Strategising ❖ Synopsis – The book is about a US baseball team, Oakland Athletics and its performance in the year 2002. It is a real-life account of how despite financial constraints, the protagonist, Billy Beane assembles a strong baseball team using innovative techniques and strategies. It is the story of how Billy Beane changed the organizational culture of his organization, and influenced that of his competitors’. He re-invented a system that was working for years. Beane and his assistant concluded that by hiring under-valued players, it was possible to win with less than 40% of the budget of their competitors. They applied analytical, evidence-based, sabermetric approach and thus selected a competitive team. As a result, in the 2001-02 season, the team struck an all-time record with a 20 game-winning streak. Exposing himself and his team to ridicule, how he ignored his detractors and went ahead with his unorthodox strategies to ultimately achieve the winning......

Words: 3304 - Pages: 14


...5/8/2014 Most important document in constitution of a company is Memorandum | Law Teacher Need help? ☎ 0115 966 7966 Enter your search terms... Search Home Services Prices Order Quality About Us Law Help Contact Us My Account You are here: Law Teacher » Company Law » Essays » Most Important Document In Constitution Of A Company Is Memorandum Of Association Company Law Essay Most important document in constitution of a company is Memorandum Search all our free law essays... These essays have been written by students for you to use to help you with your studies. If you need your own custom law essay then we can help.... Get a quote for your own law essay... 0 Translate this page Select Language ​ ▼ Order Your Law Essay Search Share & Download Like 0 Print Download Email Order your custom law essay today to help you achieve the grade you need. Tw eet 0 Order Now Introduction The most important document in the constitution of a company is the Memorandum of Association of the company. The Articles of Association is the second most important document that needs to be registered by any company for its incorporation, registration and subsequent operation. It is a public document laying down the rules for the internal management of the company and it does not have the force of ‘law’. The provisions of the article amount to public notice, known as constructive notice. This is the doctrine of constructive notice.......

Words: 2872 - Pages: 12


...incorporation is the creation of two independent bodies; the company and its membership. The membership of a limited company takes shares in a company. The shares held represent a member’s interest in the company. The nature and extent of this interest will determine the member’s right to participate in dividend payments as well as a member’s right to participate in the decision making policy of the company. Subject to any prohibition contained in the company’s constitution, a shareholder may freely sell or dispose of his shareholding interest. In respect of the company’s existence, it is quite irrelevant that the identity of its shareholder may change. A company’s legal existence is not dependent upon the survival of individual shareholders. Accordingly, a company is said to have perpetual succession. Although one person may in effect control and execute the affairs of a company by occupying several positions in the corporate structure – for example, an individual may be the majority shareholder, the company’s managing director and at the same time the company’s sole employee – such a person is not regarded as the company. The company has a separate legal entity. While a company holds its property and assets for the ultimate benefit of the associated tights of its membership, a member of a company may still be convicted A company’s board of directors is comprised of the individually appointed directors of the company. The board is the ultimate decision-making body and......

Words: 313 - Pages: 2

Moneyball Critique

...Moneyball Critique YJean Ligon Argosy University, Tampa October 17, 2014 Sabermetric-Based Player Evaluation Shock In the movie Moneyball, the use of sabermetric-based player evaluation was a shock to other executives in baseball because it was not the rule of thumb for evaluating player performance at the time. The executives where accustom to using their personal biases, human rationale, gut instinct and tying things to performance that made no sense such as an ugly player’s girlfriend. Beane relied on objective evidence, explicitly ignoring anything that could be dismissed as "subjective” (Thaler and Sunstein, 2003). They also treat mere coincidences as facts in which a high probability was applied. According to Belkin (2002), the true meaning of the word, coincidence is "a surprising concurrence of events, perceived as meaningfully related, with no apparent causal connection." In other words, pure happenstance. Yet by merely noticing a coincidence, we elevate it to something that transcends its definition as pure chance. We are discomforted by the idea of a random universe. Beane’s effectiveness in His Success Beane was more effective in his success because he abandoned the baseball heuristics of his day. He applied a non-conventional method that was not widely used. Since his methodology was not popular he was looked upon as being crazy because he was not using the same old method of that time. He valued winning. Therefore he was always evaluating......

Words: 1081 - Pages: 5

Comparing and Contrasting Moneyball - Film and Novel

...Chris Uhle 11-17-2014 Global Sports Business Moneyball When Michael Lewis’ Moneyball was released it officially announced Billy Beane’s new way of thinking to the rest of the world. Before the book was written, only a small group of people really had a full understanding of how analytics were changing the evaluation process in the sport of baseball. Billy Beane had always been using unconventional ways in finding undervalued players, but Lewis’ book brought his in depth strategy to the forefront of the sport. In 2011, Brad Pitt and Jonah Hill starred in the film Moneyball. The movie did keep the same basic storyline as the book, however there were many differences between the two. One of the biggest disparities between the book and the film that I saw was in the way the film portrayed how the idea of Moneyball started. One of the first scenes in the movie has Billy Beane in Cleveland to discuss trade possibilities with the Indians. Beane notices that one of Shapiro’s (Cleveland GM) assistants is dictating who is tradable and confronts him after the meeting. The movie says this is the first time Beane is introduced to the world of sabermetrics and advanced analytics. While this makes for a good storyline, Billy Beane actually got the idea from former A’s GM, Sandy Alderson, not Peter Brand like in movie. This is a great exaggeration from the book as Brand is basically credited with the entire idea. In fact, Peter Brand was not even the real name of Beane’s assistant......

Words: 1214 - Pages: 5


...English Mini-Assignment Theme | Elements of Fiction/Film Techniques | “In the right circumstances, the underdogs can also be the winner.” | * Theme, Characterization * Lighting, Audio, Setting, Editing | Thesis: The film version of the multi-award winning novel, Moneyball, is a strong adaptation of the story. The director, Bennett Miller, has succeeded in matching author Michael Lewis’ style by using a great sense of lighting, audio, characterisation, setting and editing to help capture the theme; underdogs can be winners in the right circumstances. Just like the book, the movie symbolized hope, unfairness and to never give up. List of 10 Passages: 1. ISU Novel Passage: " There was the bias toward what people saw with their own eyes, or thought they had seen... There was a lot you couldn't see when you watched a baseball game.” (Lewis 19) Elements of Fiction: Setting, Characterization and Conflict between what baseball managers see in baseball players. Film Adaptation: Billy and Paul (his name is Peter in the movie) are in the garage of the Cleveland Indians baseball team and they are both wearing a suit, and there are cars in the background. (Time: 0:20:39) Film Techniques: - Medium-Bright lighting to show enthusiasm - Over-the-shoulder shots - Inspirational music in the background to show inspiration of what Paul (Peter) is saying Analysis/Connection to Thesis: This passage and movie scene relates to the thesis because the thesis is about......

Words: 2172 - Pages: 9


...“MONEYBALL” SINOPSIS “Moneyball” mengisahkan tentang seorang manajer klub baseball dari tim Oakland Athletics, Billy Beane (Brad Pitt). Film ini dibuat berdasarkan kisah nyata yang dialami oleh klub Oakland Athletics pada tahun 2002 yang menggemparkan negeri Paman Sam. Kala itu klub A’s (julukan Oakland) telah ditinggal beberapa pemain bintangnya ke klub yang lebih memiliki reputasi tinggi dan A's kewalahan untuk mencari pengganti pemain bintangnya karena klub tersebut sedang mengalami krisis keuangan, Beane melakukan berbagai usaha untuk bisa membuat tim binaannya bangkit sampai-sampai Beane rela harus berhutang untuk membeli pemain-pemain bintang demi mendongkrak prestasi tim. Di tengah perjuangannya itu, pertemuan tak disengaja dengan Peter Brand (Jonah Hill), sarjana ekonomi yang saat itu masih bekerja di tim saingannya, membuka mata Beane akan sebuah cara baru dalam merekrut pemain. Sebuah cara baru dengan menggunakan pendekatan yang belum pernah dipakai tim lain, statistika. Tak perlu pemain bintang, asal data statistiknya bagus, pemain tersebut layak direkrut. Akhirnya Billy dan Peter berduet untuk merombak manajemen di tim Oackland Athletics. Alhasil, sistem ini membuat para senior tim geram dengan perombakan ini salah satunya kepala pelatih Art Howe (Philip Seymour Hoffman). Billy berani mengambil langkah tersebut walaupun tidak pernah tau persentasi keberhasilannya dan membuat hubungannya dengan kepala pelatih menjadi dingin. Tim baru yang di......

Words: 565 - Pages: 3


...Moneyball: The Art of Winning an Unfair Game The Oakland A's, under the management of Billy Beane, found a gap in the baseball skills market that existed because most baseball scouts and managers used traditional methods of selecting players that were outdated and had little relationship with skills that brought success to teams. Traditionally, baseball scouts mainly used batting averages (BA) and Runs batted in (RBI) to sign new players. On-base percentage (OBP) was used too, but it was not given as much premium as RBI and BA. Thus, when looking for players, almost all scouts went for players that scored highly on BA and RBI while ignoring those that scored highly on OBP but had low scores in BA and RBI. However, through analysis of massive amounts of data and reading Bill James’ series of baseball books Baseball Abstracts, Beane and his assistant, Paul DePodesta, found that OBP was the most important factor that determined a team’s success and not BA or RBI. Since OBP was not valued highly in players by most baseball scouts, Beane and DePodesta discovered that they could build a successful team of players with high OBP score but whom, because most top baseball teams had ignored them, could be paid much lower salaries than their counterparts could in big teams such as New York Yankees. Therefore, they could create a successful team on a much smaller budget than their competitors. Thus, the opportunity that Oakland A discovered was set up by scouts placing less premium......

Words: 1139 - Pages: 5


...Moneyball Katy Hansen Argosy University Management Decision Models B6025 Dr. Mathew Kuofie May 11, 2016 Moneyball In the article, “Who’s On First by Richard H. Thaler and Cass Rosenstein”, they examine why sabermetric-based player evaluation is such a shock to other executives in baseball. Billy Beane’s effectiveness is evaluated by constructing a matrix of pitfalls and practicalities that highlight the differences between Beane’s team and other executives. In addition, a personal decision that highlights a partiality resulting in loss will be discussed. The authors examine Michael Lewis’s new book: Moneyball: The Art of Winning an Unfair Game. They scrutinize the charming General Manager Billy Beane of the Oakland Athletics baseball club, and explain how he turns his baseball team around primarily by using statistics instead of relying on baseball’s conventional wisdom to win. (Thaler & Sunstein, 2003). Lewis’s book points out the extraordinary success of Beane’s baseball team despite the fact that the payroll for the team is consistently in the bottom two or three spots in the league. (Thaler & Sunstein, 2003) Thaler and Sunstein make the case that “the limits on human rationality and efficiency of labor markets” make for blunders and confusion with those who run baseball teams and ultimately correlates to similar blunders and confusions in many other fields. (Thaler & Sunstein, 2003) Lewis describes how Beane is heavily recruited ......

Words: 845 - Pages: 4


...Money Ball Essay In today’s business world, any decision made by a manager can have serious implications on the progress of the organization. In addition to the intense pressure, the manager is also under constant scrutiny from his peers and supervisors. Keeping all this in mind, any soon-to-be business manager needs to be fully prepared to defend his decision making abilities. The book Moneyball gives a fair idea of this process, as the manager of the featured baseball team is faced with similar kinds of challenges. Q) With the limited resources in hand, how can a manger make the most effective decision? Every manager in modern world is faced with the limitation of resources. Organizations expect the manager to make effective decisions with a limited amount of resources on hand. This was the case with Billy, the manager of Oakland A’s baseball team. He had to select the best possible players for the club with only a limited amount of money at his disposal. It is very important for a manager to think outside the box in these situations. The manager has to understand that all his competitors have access to the same information and therefore, in order to outperform his competitors, the manager needs to be creative. By thinking outside of the box a manager is engaging in integrative thinking. As in the case of Billy, the manager needs to understand that market perception is not always right. The manager also has to learn from the experience of others. People learn with......

Words: 1752 - Pages: 8


... Riordan Manufacturing Company is expanding the infrastructure by reducing the cost of their raw materials and entire finished products. The company has an old MRP Information System (IS) and this project we will provide an opportunity to upgrade the infrastructure that will be cost efficient in the way they track their inventory. Goal of the Project: The company would like to develop a new MRP to track and manage their raw material and finished products. This will reduce their cost throughout all companies and their plants. Business Objectives: * Accurately track and manage raw and finished products * Reduce inventory cost of raw and finished products * Improve MRP infrastructure The company would like to make sure that is feasible in developing a new MRP II System to ensure the company can track and manage their products and reduce the cost of materials. We will upgrade the company communication infrastructure. Limitation: * Financial – The project should not to exceed $750.000 * Time – Both systems need to be running at the same time until all the kinks are out of the system, so we will have 12 months to get it online. * Resources – The Company will bring in a third party technical analysis team to provide the expertise needed for the project. * Policies - They will provide new polices on the new system. Information Technology Requirement: The company will use a third party group to make sure...

Words: 557 - Pages: 3