Publication:
Case Study-Formula 1: Unleashing the Greatest Spectacle on the Planet
Case Study-Formula 1: Unleashing the Greatest Spectacle on the Planet
| datacite.subject.fos | oecd::Social sciences::Economics and Business | |
| dc.contributor.author | Ben Shields, Cate Reavis | |
| dc.date.accessioned | 2023-10-25T04:19:43Z | |
| dc.date.available | 2023-10-25T04:19:43Z | |
| dc.date.issued | 2021 | |
| dc.description | Courses: Quản trị chiến lược ; Included Materials: Case Study ; Source: https://mitsloan.mit.edu/teaching-resources-library/formula-1-unleashing-greatest-spectacle-planet ; Language: English ; Publisher: MIT Management Sloan School | |
| dc.description.abstract | In 2017, U.S.- based Liberty Media, owner of the Atlanta Braves baseball team and streaming music provider SiriusXM among other properties, purchased Formula 1, the commercial organization behind the motorsport of F1 from CVC, a Luxembourg private equity firm. The well-seasoned management team that took over inherited a sport that, while profitable, had only a small business organization supporting it. In addition to building out a business infrastructure, the team’s goal was to evolve F1 from a motorsport into a global entertainment brand, akin to the National Basketball Association (NBA). In short, they wanted to create the greatest spectacle on the planet. The question was how to do this? On the sporting side, races had become predictable and lacked consistent wheel-to-wheel action. On the commercial side, the sport needed a younger, more diverse fan base which would inevitably engage with the sport differently than generations past. In addition to its sporting and commercial obligations, F1 played a critically important role as a technology leader for the automotive industry. Would Formula 1’s new management be able to find the right balance between these three important albeit, at times conflicting, roles | |
| dc.identifier.uri | http://repository.vlu.edu.vn:443/handle/123456789/9246 | |
| dc.language.iso | en_US | |
| dc.title | Case Study-Formula 1: Unleashing the Greatest Spectacle on the Planet | |
| dc.type | Resource Types::text::lecture | |
| dspace.entity.type | Publication | |
| oairecerif.author.affiliation | #PLACEHOLDER_PARENT_METADATA_VALUE# |
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