Get the best returns from the least possible price. IPL leaders Rajasthan Royals, Punjab XI have the lowest costs.
Build strong teams and hire motivational leaders. Applies to business as well as sports.
First impressions are crucial; in fact, very essential to get the product launch right. A losing team will result in negative fallout on the mother brand.
Decentralise and empower the business division. Owners shouldn't meddle in day-to-day performance.
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...And That Which Won't
Listen to your customer, and react quickly to negative feedback. Catering to the popular voice may not work for team performance.
Constant evaluation of success or failure in reaching targets. Evaluation in sports is governed by intangibles, is more intuitive.
Ensure the business meshes with overall group branding initiatives. Treat sports as an independent business, not a brand promotion exercise.
Reward successful performers with performance incentives. Players have to be motivated by more than just money.