Term Paper: Athletic Facility Management

Pages: 1 (408 words)  ·  Style: APA  ·  Bibliography Sources: 1  ·  Level: College Senior  ·  Topic: Sports  ·  Buy This Paper

Risk Management

Through effective Risk Management potential and existing risks may be identified"

(Cotton & Wolohan, 2003, p. 78).

Sport constitutes one of the top ten industries in the United States (U.S.), Doyice Cotton and John T. Wolohan (2003) asserts. As a result of the prominent status of sport, the need exists for effective risk management by managers of athletic facilities. The organization needs to create an environment with minimal inherent risks within activities and services without generating any change in the activity itself.

Risk management does not attempt to eliminate each and every risk, Cotton and Wolohan (2003) stress, but instead serves as "a management strategy to maintain greater control over the legal uncertainty that may 'wreak havoc on a sport business'" (p. 268). In Chapter 5 of the book, Law for Recreation and Sport Managers, Cotton and Wolohan (2003) introduce the recreation or sport manager to the basics components of the risk management process. According to Cotton and Wolohan risk management may be defined as "controlling the financial and personal injury losses from sudden, unforeseen, unusual accidents and intentional torts" (Ibid.). Risk management has also been noted to include the way to manage financial and human resources wisely, while making sound decisions.… [END OF PREVIEW]

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Athletic Facility Management.  (2009, July 25).  Retrieved August 22, 2019, from https://www.essaytown.com/subjects/paper/athletic-facility-management/32200

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"Athletic Facility Management."  Essaytown.com.  July 25, 2009.  Accessed August 22, 2019.