Basically, the economic impact model, and the sport level

Basically, in Chapter1, the word “sport” is broadlyidentified as all forms of physical activity which is through organized participation.It’s supposed to be articulating or cultivating physical and mental fitness formingsocial relationships, obtaining results in competition at all levels, gainingthe knowledge, locking in on the how much fitness it really entails, athletics,and leisure.

The sport industry is conceived based on: the setting in which thesport occurs, the industry aspect of which various sports industries or administrationscould be considered, and the type of sporting events that exist. The threemodels that describe the sport industry are the product type model, the economicimpact model, and the sport level model. The four unique aspects of sportmanagement are sport marketing, sport innovative financial structure, careerpaths, and the power of “sport” as a social establishment. I believe sportmanagers should obtain general, transferrable proficiencies to a specific organizationmanagement, information management, and the ability to think critically. Thefour unique aspects of a professional sport are Interdependence, Structure andGovernance, Labor-management relations, and role of electronics and new media.

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Interdependence is teams competing and cooperating simultaneously, revenuesharing, and the league “think” meaning teams recognizing the importance of competitionand making sure their competitors stay strong. Structure and Governance is the commissioner,has Board of Governors, and they have central administrative unit. Labor-managementrelations are free agency, the salary cap, drafting, and collective bargaining.The role of new media is allowing teams to add revenue due to the newopportunities at hand.

 As far as the nextgeneration sport managers, they will face numerous challenges associated with technology,ethnic accountability, social accountability, and globalization. Sport managersof the future will be knowledgeable in the technical aspect of their job andwill be agents of change, challenging both in the management of sports and lagerhumanity. What stood out to me is discovering how rapidly the sport industry isgrowing.  The growth in the world ofsport is not only many new sports but is also in the increasing amount of chancesto participate in sports and activities, an upsurge number in a variety ofsport-related periodicals and social media platforms, enhanced mass media acquaintanceand source advertising of sporting activities, and growth in the number andtypes of sport services and events. What also stood out to me is that I know asprofessional teams in all sports move to the future, they will be face a lot ofadversity and opportunities that fall into four major categories such asreasonable labor-management relations, developing new revenue, managing moderntechnology, and dealing with globalization.