Introduction
The report we are writing about is based on the protection of the interest of the stakeholders who are interacted with the sports league either directly or indirectly because the mostly sports league in which the competitive matches between the multiple teams take place and the major purpose of the matches is to generate the profit for the team owners that is why the team owners normally invest on the teams. The purpose of the research is to define the problem statement that sometimes in the league, the interest of all stakeholders are not properly identified and that is unethical so we will define the framework to overcome that issue. Sometimes the events are not that much successful so that the team management do not take care about the interest of the stakeholders and still there is no proper framework for the stakeholders which can protect the interest of stakeholders instead of jeopardizing the environment of the leagues (Comeaux, 2013).
When we run a sports league or competition, there should be appropriate principles and the strategies so that the event would be more smooth and there will be no difficulties in the entire event and that principles should be defined by the core government management of the country. The sports competition is basically an opportunity for the specific game to make the interest of the fans and the promotions by the existing media. The leagues contain extensive broadcasting all over the country that means that there would be a huge amount of investment in those events. The best events can be identified in which the rights of the stakeholders are defined initially so that the flow of the work in the sports event will be more smooth and no difficulties can take place in that scenario. But now days, the team owners only think about the profit and they do not care about the interests and the rights about the other stakeholder which would never be a good step because only the team owners are not interacted with the league but all stakeholders like media and the ground management are involved in that. So the basic purpose of the research is to find the major reason of that kind of issues so that we can provide the entire solution for that (Flagestad, 2002).
We will briefly discuss about the issue and we will also discuss that what step a government should take so that the flow of sports events can be better in term of business and the analysis. The stakeholders are the main part of the league because the whole backend setup is completed by the entire stakeholders which are involved in the event so that they can get their interests and rights as well.
Background
The sports league take places all across the world now a day and the sports are very important factor in the term of revenue because people are having interest in several games that is why the people visit the grounds so that they can access the sports league as spectators. For the better setting of the events all stakeholders should be performing their activities so that they can have idea about the entire sports event such as we take an example of the broadcasters as we know that the broadcasters are playing important role in the industry of the sports but the teams owners and the players sometime want to make more and more profit so that the interests of the other stakeholders may get loose into the sports event and that factor will affect the rating of that competitive match or a tournament. We all know about the FIFA events are the most successful events in the world the reason behind the success of that events actually based on the core satisfaction of the stakeholders (Esteve, 2011).
The reason behind the issue exists is that about some negative people who want to make some illegal money by not paying the amount to the entire stakeholders which are involved in the development of the sports league either directly or indirectly in the events so that most of the events are not that much successful. The government should take the appropriate steps for the rights of the stakeholders such the sports clubs and the management but unfortunately there is no proper framework for that kind of issues. Sports are always the main factors in the success of the countries so that we can have appropriate knowledge about the information of the sports.Sometimes the events are not that much successful so that the team management do not take care about the interest of the stakeholders and still there is no proper framework for the stakeholders which can protect the interest of stakeholders instead of jeopardizing the environment of the leagues. The researches have described that for the complete and the successful events, the organization should take care of the stakeholders at level so that the events will be more and more successful. The successful events also affect the reputation of the country so that the issues should be resolved in the industry of sports. So that only team interest or the sports team owner’s interest are not only affect but the interests of all stakeholders would be effective for the sports events (Friedman, 2004).
Key Issues
The stakeholder’s identification is not very easy to define so that when we run a proper system for the stakeholders in the market of sports we need to identify the core stakeholders so that we can define the rights for those stakeholders. The definition of the stakeholder is based on the person who is either interacting directly or indirectly with the sports. On other hand some stakeholders invest on the leagues to get the profit while the other stakeholders are basically workers of the league but the team owners only think about their own profit which is not a good sign for the complete and the core implementation of the events.The government should take the appropriate steps for the rights of the stakeholders such the sports clubs and the management but unfortunately there is no proper framework for that kind of issues. Sports are always the main factors in the success of the countries so that we can have appropriate knowledge about the information of the sports. The researches have described that for the complete and the successful events, the organization should take care of the stakeholders at level so that the events will be more and more successful. The successful events also affect the reputation of the country so that the issues should be resolved in the industry of sports. So that only team interest or the sports team owner’s interest are not only affect but the interests of all stakeholders would be effective for the sports events.Some noble scholars has described about the mindset of the entrepreneur that the entrepreneur is basically a personality which must have the abilities to innovate new inventions such as in recent times , the implementation on the technology has optimized by the ideas of the entrepreneurs in the market as well as the entrepreneurs should have to aware about the mindset of the people because , for being a successful entrepreneur , the services should meet the needs and the desires of the people which will help the entrepreneurs to groom their business in a very authentic way.Entreprenuer personality should be collaborative with the employees of the business so that the outcome will be more positive in the term of business and the administration. Sometimes for being a successful, the entrepreneur should not give the priority to the profit so that they can optimized the services they are providing to the market instead of only thinking about the money, the entrepreneur should think about the new ideas and their realization so that they would be more successful .All we need to do is to set the appropriate mindset for the business and the administration.Entreprenuers should have the extensive knowledge about the needs of the market so that they would provide the optimized ideas for filling the gaps in the environment by generating the new ideas into the market.
The successful leagues are becoming more famous all across the world because they are performing all the activities by satisfying all the stakeholders which are involved in the events.The sports competition is basically an opportunity for the specific game to make the interest of the fans and the promotions by the existing media. The leagues contain extensive broadcasting all over the country that means that there would be a huge amount of investment in those events. The best events can be identified in which the rights of the stakeholders are defined initially so that the flow of the work in the sports event will be more smooth and no difficulties can take place in that scenario. But now days, the team owners only think about the profit and they do not care about the interests and the rights about the other stakeholder which would never be a good step because only the team owners are not interacted with the league but all stakeholders like media and the ground management are involved in that. So the basic purpose of the research is to find the major reason of that kind of issues so that we can provide the entire solution for that.For the better setting of the events all stakeholders should be performing their activities so that they can have idea about the entire sports event such as we take an example of the broadcasters as we know that the broadcasters are playing important role in the industry of the sports but the teams owners and the players sometime want to make more and more profit so that the interests of the other stakeholders may get loose into the sports event and that factor will affect the rating of that competitive match or a tournament (Jensen, 2013).
The government should define the policy that they would take the responsibility of the core stakeholder’s rights so that they would work with more interest in the event. A proper policy should be designed by the government for the rights of the stakeholders so that the sports events will be more successful instead of jeopardizing those specific events.
Outcomes
If the government take the appropriate steps for the rights of the stakeholders such as the ground management and the media rights , the outcomes will be more positive in that kind of events. Such as ICC (International Cricket Council) considered as the best event organizer all across the world because they take care of the rights of all stakeholders which are involved in the events that is why their events helps the stakeholders to generate the good revenue. On other hand some organizations only think about the profit of their own that is why the event become jeopardizes which is the most negative factor in the entire event organization. The stakeholders are the important role in any organization so that their rights should be the first priority for the event organizations. So the outcomes of the events depend on the management and the policies of the government.
Conclusion
We have discussed the whole issue and the reason behind the issues that the government should take the appropriate steps for the rights of the stakeholders such the sports clubs and the management but unfortunately there is no proper framework for that kind of issues. Sports are always the main factors in the success of the countries so that we can have appropriate knowledge about the information of the sports.Sometimes the events are not that much successful so that the team management do not take care about the interest of the stakeholders and still there is no proper framework for the stakeholders which can protect the interest of stakeholders instead of jeopardizing the environment of the leagues.The stakeholders are the important role in any organization so that their rights should be the first priority for the event organizations. So the outcomes of the events depend on the management and the policies of the government.
References
Comeaux, E. (2013). Rethinking academic reform and encouraging organizational innovation: Implications for stakeholder management in college sports. Innovative Higher Education.
Esteve, M. D. (2011). Empirical evidence of stakeholder management in sports clubs: the impact of the board of directors. European sport management quarterly.
Flagestad, A. (2002). Strategic Success and Organisational Structure in Winter Sport Destinations: a multiple stakeholder approach to measuring organisational performance in Scandinavian and Swiss case studies. ETOUR.
Friedman, M. T. (2004). A stakeholder approach to understanding economic development decision making: Public subsidies for professional sport facilities. . Economic Development Quarterly.
Jensen, M. C. (2013). Value maximization, stakeholder theory, and the corporate objective function. Journal of applied corporate finance.
