iNM Volume 7 | Page 43

iNM Magazine Volume 7 | August 2015 Music and Sports and keep them on board,” he adds.. When it comes to the successful creation of a football team, Mr. Houllier eschews the classic business maxim that achievement is 80% effort and 20% talent and points to a 95/5 ratio — 95% being effort and the 5% talent. Just like any other business, a football club has a business model and a business strategy. e aim of all football clubs is to increase their revenue and profitability by expanding their high growth business that leverages the global community and marketing infrastructure. e key elements of the strategy being: Ÿ Expanding portfolio of global and regional sponsors Ÿ Enhancing the reach and distribution of broadcasting rights Ÿ Further developing retail, merchandising, apparel and product licensing business Ÿ Exploiting new media and mobile opportunities Ÿ Diversify revenue and improve margins. e business models of all football clubs are more or less the same. Manchester United Football Club focusses on managing and operating as a single reporting segmentthe management of a professional football team. ey review their revenue through three key sectors: commercial, broadcasting and match-day. Sir Alex Ferguson, one of the most legendary managers of all time, who managed Manchester United, had a clear vision. He delineated, what we call are, exceptional leadership and management skills. It is because of this that people call him the greatest manager in the history of football. Ÿ Focus on building the foundation: From the moment he got to Manchester United, he thought of only one thing: building a football club. He wanted to build right from the bottom. at was in order to create fluency and a continuity of supply to the first team. With this approach, the players all grow up together, producing a bond that, in turn, created a spirit. Ÿ Dare to rebuild your team: He identified three levels of players: 30 and older, those roughly 23 to 30, and the younger ones coming in. e idea was that the younger players were developing and would meet the standards that the older ones had set. Although he was always trying to disprove it, he believed that the cycle of a successful team lasts maybe four to five years, and then some change is needed. So he tried to visualize the team three or four years ahead and made decisions accordingly. Because he was at United for such a long time, he could afford to plan ahead—no one expected him to go anywhere. Analysing player transfer data reveals Ferguson to be a uniquely effective “portfolio manager” of talent. He was strategic, rational, and systematic. Ÿ Set high standards & hold everyone to them: Everything Sir Alex did was about maintaining the standards he had set as a football club—this applied to all his team building and all his team preparation, motivational talks, and tactical talks. For example, he never allowed a bad training session. He believed what we see in training manifests itself on the game field. So every training session was about quality. He didn't allow a lack of focus. It was about intensity, concentration, speed—a high level of performance. at, he hoped, made the players improve with each session. He had to lift players' expectations. He said that to them all the time: “If you give in once, you'll give in twice.” Ÿ Don't, ever lose control: Before Sir Alex came to United, he told himself he wasn't going to allow anyone to be stronger than he was. “Your personality has to be bigger than theirs. at is vital. ere are occasions when you have to ask yourself whether certain players are affecting the dressing-room atmosphere, the performance of the team, and your control of the players and staff. If they are, you have to cut the cord” he said. e long-term view of the club is more important than any individual, and the manager has to be the most important one in the club. You have to achieve a position of comprehensive control. It's important to have confidence in yourself to make a Before retiring in May 2013 he spent 26 ͕