Management of Sport Facilities and Major Sport Events
Table of Contents
- Abstract
- Management of Sport Facilities and Major Sport Events
- Application of Feasibility Research in Sport Management
- Management of Sport Facilities and Major Sport Events with Use of Feasibility Research
- Conclusion
- References
Abstract
Management of sport facilities and sport events is frequently utilizing the support of feasibility research. Sport managers pay significant amount of attention to such type of research as the price of their decision mistake can be equal to millions of dollars. In order to keep up-to-date with all the changes in the contemporary market, a venue manager should take scientific research as the support for his leadership decisions, which would benefit particularly from feasibility researches, assessing possibilities of certain measures. Feasibility research is absolutely necessary for venue managers to support their strategic decisions. Such issues as submitting a bid, building facility renovation or building new retailing site need to be investigated to help sport management make a leadership decision whether to initiate them or not.
Management of Sport Facilities and Major Sport Events
The market of sport industry changes every year. These changes influence all the aspects of sport industry activities introducing new challenges to sport management. Management of facilities and major sport events has also changed, especially during two recent decades as argued by Smith (2006). Before the change in the industry managers of newly establishes sport facilities were performing their duties according to the belief that people will inevitable visit the facility as soon as it is built. However, this approach cannot be used any more in the management of sport facilities and sport events. .The market of the sport facilities has shifted according to the development of new needs by old and new customers. The functionality of contemporary venues need to by aligned with the new demand of the customers in the increasingly competitive market, which is expending each year. The activities of a venue manager are very important for the overall success of a certain sport facility operation. In order to keep up-to-date with all the changes in the contemporary market, a venue manager should take scientific research as the support for his leadership decisions, which would benefit particularly from feasibility researches, assessing possibilities of certain measures.
Application of Feasibility Research in Sport Management
Feasibility research is a type of scientific investigation focusing on the possibility of manufacturing a certain product, build a certain facility, host a certain event or provide a certain service. As argued by Cuneen andTobar, sport managers normally display a significant interest to such type of research as the price of their decision mistake can be equal to millions of dollars (2015). Thus, it is very important to know whether the planned project has a potential to be accomplished. The feasibility research is based on analysis of every phase of production, construction, supply chain management, …
