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Entrentrepreneurship lessons to be learned from Miami Heat

Nice article in the Miami Herald about the management team of the Miami Heat. The article points out that not only will the teams acquisition of top talent (LeBron, Dwyane Wade and,Chris Bosh) bring in a lot of dollars for merchants in the Miami Area, there are also entrepreneurship lessons to be learned. The teams management set long term goals knowing years ago it wanted to assemble this cast of players. They carefully worked the salary cap to position themselves in front of their competition.

In the article, Jan Bell, director of the sports administration program at St. Thomas University.

“Since [the Heat] won the championship in 2006, they have been looking toward the next one, and trying to figure out a way that they could build another championship team,” she said. “Rome wasn’t built in a day, and you’ve really got to plan how you’re going to do it.” Read the article here.

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