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Technology The rate of technological change will continue to increase. Few organizations operate today as they did even a decade ago. Products not envisioned a few years ago are now fixtures in our lives. The computer has changed the way sport organizations conduct and transact business, and computers are a major part of every firm’s systems process. Sports by their very nature are interactive, and fans (by their very nature) want to be part of the action. 27 Professional athletes use Twitter to communicate directly with Time-out Give an example of how technology has affected several different their fans.

Owners are entitled to take profits out of the firm. Organizations are mission driven; as in all businesses, profits are the objective. However, any excess revenue remains in the organization. There are no individual owners. Organizations are mission driven; profits are not the goal. Ownership is an entity of a function of government. Revenues Money comes into the business primarily through sales. Money often is raised through Money is raised through taxes, fees, and sales. donations, grants, memberships, and investments, as well as sales or fees.

Project managers coordinate employees and other resources across several functional departments to accomplish a specific task. 8. Explain how skills and functions differ by management level. Top managers have a greater need for conceptual and decision-making skills. Middle managers need a balance of all skills. First-line managers need better technical skills. Review and Discussion Questions 1. What is sport management? Name some possible career opportunities available to sport management majors.

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