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

Author

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  • Fairley, Sheranne
  • Tyler, B. David
  • Kellett, Pamm
  • D'Elia, Kari

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.

Suggested Citation

  • Fairley, Sheranne & Tyler, B. David & Kellett, Pamm & D'Elia, Kari, 2011. "The Formula One Australian Grand Prix: Exploring the triple bottom line," Sport Management Review, Elsevier, vol. 14(2), pages 141-152, May.
    • Handle: RePEc:eee:spomar:v:14:y:2011:i:2:p:141-152
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    Citations

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    Cited by:

    1. Rasmus K. Storm & Tor Georg Jakobsen & Christian Gjersing Nielsen, 2020. "The impact of Formula 1 on regional economies in Europe," Regional Studies, Taylor & Francis Journals, vol. 54(6), pages 827-837, June.
    2. Kobe Helsen & Marijke Taks & Jeroen Scheerder, 2022. "Involvement, Social Impact Experiences, and Event Support of Host Residents Before, during, and after the 2021 UCI Road World Championships," Sustainability, MDPI, vol. 14(15), pages 1-22, August.
    3. Gulijiazi Yeerkenbieke & Chunci Chen & Guizhen He, 2021. "Public Perceived Effects of 2022 Winter Olympics on Host City Sustainability," Sustainability, MDPI, vol. 13(7), pages 1-20, March.
    4. Onur Burak Celik, 2020. "Survival of Formula One Drivers," Social Science Quarterly, Southwestern Social Science Association, vol. 101(4), pages 1271-1281, July.
    5. Hans Erik Næss, 2019. "Investment Ethics and the Global Economy of Sports: The Norwegian Oil Fund, Formula 1 and the 2014 Russian Grand Prix," Journal of Business Ethics, Springer, vol. 158(2), pages 535-546, August.
    6. Nicholas Wise, 2020. "Urban and Rural Event Tourism and Sustainability: Exploring Economic, Social and Environmental Impacts," Sustainability, MDPI, vol. 12(14), pages 1-5, July.
    7. Kai-Michael Griese & Kim Werner & Johannes Hogg, 2017. "Avoiding Greenwashing in Event Marketing: An Exploration of Concepts, Literature and Methods," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 7(4), pages 1-15, December.
    8. Sergi Cerezo-Esteve & Eduard Inglés & Jordi Segui-Urbaneja & Francesc Solanellas, 2022. "The Environmental Impact of Major Sport Events (Giga, Mega and Major): A Systematic Review from 2000 to 2021," Sustainability, MDPI, vol. 14(20), pages 1-15, October.
    9. Ester Gutiérrez & Sebastián Lozano, 2020. "Benchmarking Formula One auto racing circuits: a two stage DEA approach," Operational Research, Springer, vol. 20(4), pages 2059-2083, December.
    10. Mallen, Cheryl & Chard, Chris, 2012. "“What could be” in Canadian sport facility environmental sustainability," Sport Management Review, Elsevier, vol. 15(2), pages 230-243.

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