The Formula One Australian Grand Prix: Exploring the triple bottom line

Sheranne Fairley, B. David Tyler, Pamm Kellett and Kari D’Elia

Sport Management Review, 2011, vol. 14, issue 2, 141-152

Abstract: This case highlights issues associated with the Formula One (F1) Australian Grand Prix held in the city of Melbourne, Victoria. The event receives substantial government funding and therefore the worth of the event receives consistent public scrutiny. Jim Kranger, CEO of the Victorian Major Events Corporation, is put in charge of assessing the value of the event to the State of Victoria. The results of Kranger's report will determine whether the government will continue to financially support the event. Kranger realizes that he must consider economic, social, political, and environmental issues. The case highlights the challenges that Major Events Corporations, and by extension, the government face in providing public funding to a sport event. The case also highlights the problems with economic impact studies and the need to focus on the triple bottom line approach by examining the economic, social, and environmental issues associated with the event. Further, the case highlights issues relating to the use of secondary data sources to make decisions. The case encourages students to consider the theoretical and practical issues at the cross-section of sport event, destination, and stakeholder management.

Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://hdl.handle.net/10.1016/j.smr.2010.07.001 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:rsmrxx:v:14:y:2011:i:2:p:141-152

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rsmr20

DOI: 10.1016/j.smr.2010.07.001

Access Statistics for this article

Sport Management Review is currently edited by Sheranne Fairley

More articles in Sport Management Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().