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

Fairley, Sheranne, Tyler, B. David, Kellett, Pamm and D'Elia, Kari (2011) The Formula One Australian Grand Prix: exploring the triple bottom line. Sport Management Review, 14 2: 141-152. doi:10.1016/j.smr.2010.07.001


Author Fairley, Sheranne
Tyler, B. David
Kellett, Pamm
D'Elia, Kari
Title The Formula One Australian Grand Prix: exploring the triple bottom line
Journal name Sport Management Review   Check publisher's open access policy
ISSN 1441-3523
1839-2083
Publication date 2011-05-01
Sub-type Critical review of research, literature review, critical commentary
DOI 10.1016/j.smr.2010.07.001
Volume 14
Issue 2
Start page 141
End page 152
Total pages 12
Place of publication Oxford, United Kingdom
Publisher Elsevier
Language eng
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.
Keyword Event management
Sport tourism
Triple bottom line
Sustainability
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Critical review of research, literature review, critical commentary
Collection: UQ Business School Publications
 
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Citation counts: TR Web of Science Citation Count  Cited 14 times in Thomson Reuters Web of Science Article | Citations
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Created: Mon, 16 Jun 2014, 23:52:44 EST by Susan Peeters on behalf of UQ Business School