Sport Industry
Large, short-term, high-profile events capable of having significant impact on the host communities or countries
What are mega-events?
A short statement of why an organization exists, what its overall goal is, identifying the goal of its operations: what kind of product or service it provides, its primary customers or market, and its geographical region of operation.
What is a mission statement?
Typically nonprofit or government entities, these organizations are designed to attract or assist sporting events.
What are sports commissions?
A sound framework to minimize the potential and severity of the risk.
What is risk management?
This type of sport tourism includes mega-events such as the Olympics or Super Bowl.
What are event sports?
These types of events such as fan expos, music festivals, contests, youth clinics, and interactive activities are often planned to further the organizers’ objectives, promote the event, add value for participants, and contribute to the community.
What are ancillary events?
This type of budget is developed during the early phase of the event planning process.
What is a preliminary budget?
Business interruptions, including cancellations due to the Covid-19 pandemic, contractual issues, or employee health are examples of this type of risk.
What are business operations?
This type of sport tourism includes resorts and other segments of the hospitality industry such as golf courses and ski resorts.
What is active sport tourism?
Application of processes, methods, knowledge, skills and experience to achieve the project objectives.
What is project management?
This type of budget is updated as revenues and expense categories are realized.
What is a working budget?
Natural disasters, fire, vandalism, terrorism, and theft are examples of this type of risk.
What are property exposures?
This type of sport tourism includes sport museums, halls of fame, and stadiums.
What is nostalgia-based sport tourism?
This stage of event planning includes event organizers envisioning an event and championing the intention to hold an event.
What is conceptual planning?
These involve detailed forecasting and analysis of the pros and cons of hosting an event.
What are feasibility studies?
Facility or event managers failing to provide a reasonably safe environment, including warning signs, security, medical/emergency care, etc. is this type of risk.
What is public liability caused by negligence?
Organizations charged with representing a specific destination, such as sport commissions or chambers of commerce.
What are destination marketing organizations (DMOs)?
Detailed plans are developed in order to turn the planners' vision into reality in this stage of event planning.
What is operational planning?
This provides information about the events, provides specifications on the event, and outlines the event's minimum expectations.
What is a request for proposal?
Individuals affected by the practices, including discrimination and sexual harassment, of the personnel within the facility is this type of risk.
What is public liability excluding negligence?