Sport Management Flashcards, test questions and answers

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What is Sport Management?

Sport Management is a field of study that focuses on the business aspects of sports organizations, teams, and events. It involves the management and coordination of various elements involved in sporting events, such as finance, marketing, operations, sponsorship and human resources. Sport Managers are responsible for ensuring that all facets of an event run smoothly from start to finish. They are also responsible for the financial success of their organization or team.The primary goal of Sport Management is to maximize profits while minimizing costs. To do this successfully requires an understanding of the business side of sports; including but not limited to economics, finance, accounting and marketing. A successful Sport Manager has excellent communication skills and must be able to effectively manage personnel in order to ensure efficiency within their organization or team. They must also have a good knowledge base regarding legal issues pertaining to sports organizations as well as being familiar with safety regulations related to sporting events. Another important aspect in Sport Management is developing relationships with sponsorships and other stakeholders involved in sporting events; such as television networks, media outlets and other external partners who can help promote an event or organization’s brand identity globally. In addition to managing relationships with sponsorships and other external stakeholders; sport managers need to be adept at understanding fan behavior so that they can create strategies for generating revenue through ticket sales and merchandise purchases among other things. The job market for those interested in sport management is competitive due to its growing popularity over recent years; however there are numerous opportunities available for those looking for employment after graduating from college/university programs related to this field such as: Sports Marketing & Communications Specialist; Event Planner/Coordinator; Facility Manager/Operations Manager ; Sports Information Director ; Athletic Director etc No matter where you decide on working within this industry it is important that you have a passion for it along with having the required knowledge base necessary so that you can make wise decisions which will benefit your organization or team while maximizing profits while minimizing costs.