SPM 205 Exam 1 Study Guide With
Complete Solutions
Magnitude of Sports - ANSWER -A dominant influence in American Society
-Receives an unparalleled amount of media attention, including television, newspapers,
magazines, and radio for various sports events (Youth, College, Professional, Amateur,
Recreational, etc.)
-The world of sports includes NOT ONLY professional and college events but also, youth,
high school, and recreation
Largest segment of sports participation - ANSWER Amateur
Worth of industry - ANSWER -Worth over $324 billion
-11th largest industry
Implications of growth of sport industry - ANSWER -Increasing number of sport
spectators
-Growth of new leagues and sports
-Growth of media coverage (cable networks, internet websites, etc.)
-Increase in sport participation
-Rising employment opportunities
-Growth of sport internationally (influx of foreign athletes in hockey, NBA, MLB, college,
playing regular season games outside US; promotional tours)
, Definition of Sport Management - ANSWER -the study of all people, activities,
organizations, and businesses involved in producing, facilitating, promoting, or
organizing any sport product or service
-It's the business of sports, everything that goes on behind the scenes, it is literally the
management of sports, we control everything but the athletes
Facets within sport management industry - ANSWER -Business administration
-Management functions (planning, organizing, directing, and controlling)
-Accounting
-Finance
-Sales
-Marketing
-Law
-Communication
-Hospitality
-E sports
-Spectator industry
-Analytics
-Wagering
Passionate Consumers - ANSWER -Sport industry's core asset is "customers who care"
Complete Solutions
Magnitude of Sports - ANSWER -A dominant influence in American Society
-Receives an unparalleled amount of media attention, including television, newspapers,
magazines, and radio for various sports events (Youth, College, Professional, Amateur,
Recreational, etc.)
-The world of sports includes NOT ONLY professional and college events but also, youth,
high school, and recreation
Largest segment of sports participation - ANSWER Amateur
Worth of industry - ANSWER -Worth over $324 billion
-11th largest industry
Implications of growth of sport industry - ANSWER -Increasing number of sport
spectators
-Growth of new leagues and sports
-Growth of media coverage (cable networks, internet websites, etc.)
-Increase in sport participation
-Rising employment opportunities
-Growth of sport internationally (influx of foreign athletes in hockey, NBA, MLB, college,
playing regular season games outside US; promotional tours)
, Definition of Sport Management - ANSWER -the study of all people, activities,
organizations, and businesses involved in producing, facilitating, promoting, or
organizing any sport product or service
-It's the business of sports, everything that goes on behind the scenes, it is literally the
management of sports, we control everything but the athletes
Facets within sport management industry - ANSWER -Business administration
-Management functions (planning, organizing, directing, and controlling)
-Accounting
-Finance
-Sales
-Marketing
-Law
-Communication
-Hospitality
-E sports
-Spectator industry
-Analytics
-Wagering
Passionate Consumers - ANSWER -Sport industry's core asset is "customers who care"
