Sports Business and Innovation: Leadership Strategies in the Digital Age
Study Course Implementer
LSPA, Brīvības gatve 333, Riga, LV-1006
About Study Course
Objective
Develop students’ theoretical knowledge and practical competences in the management of sports business and innovation in the digital age by developing the ability to analyse, plan and implement effective strategies of sports organisations using financial, economic, marketing and business intelligence tools, as well as innovation and technology solutions. The course prepares students to critically evaluate the development dynamics of the sports sector, apply digital technologies in strategic management and promote an innovative approach to sustainable development of sports entrepreneurship.
Preliminary Knowledge
Ethical knowledge is required.
Learning Outcomes
Knowledge
1.In-depth knowledge of the principles of sports business and innovation management in the digital age is learnt, covering aspects of strategic management, finance, economics, marketing and digital transformation of sports organisations. Understanding of the use of business intelligence tools and innovation platforms in the development of sports entrepreneurship and industry dynamics in a global environment has been gained.
Business model and management specificities of the sports organisation: analysis and proposals for development • Questions in essay form • Analysis and optimisation of sports event data
Skills
1.Able to analyse the business environment of sport and identify key management challenges; planning and implementing strategies for the development of sports organisations; use financial and economic instruments to ensure effective governance; use digital and data analysis tools to implement marketing and communication strategies; develop sports innovation and start-up ideas by understanding the process of MVP building and the innovation ecosystem.
Sports start-up platforms: from idea to MVP • Questions in essay form • Business model and management specificities of the sports organisation: analysis and proposals for development • “How do sports organizations and public bodies develop effective financial strategies that ensure sustainable development of sport, taking into account different sources of funding, cooperation with sponsors, and risk management? • Digital campaign idea “marketing and communication of sports organisations”
Competences
1.Able to independently analyse and evaluate the financial and strategic activities of sports organisations, make informed decisions based on data and business intelligence tools. Is able to plan and implement sporting events taking into account economic, social and environmental impacts. Able to develop and implement marketing and innovation strategies, develop sports start-ups’ ideas to MVP level, as well as attract partners and funding for sports business development.
Digital campaign idea “marketing and communication of sports organisations” • “How do sports organizations and public bodies develop effective financial strategies that ensure sustainable development of sport, taking into account different sources of funding, cooperation with sponsors, and risk management? • Questions in essay form • Sports start-up platforms: from idea to MVP • Analysis and optimisation of sports event data
Assessment
Individual work
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Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Business model and management specificities of the sports organisation: analysis and proposals for development |
10.00% from total grade
|
10 points
|
|
The student chooses one sports organization (e.g., soccer club, basketball team, sports federation) and produces a 10-12 slide presentation in which:
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||
|
2.
“How do sports organizations and public bodies develop effective financial strategies that ensure sustainable development of sport, taking into account different sources of funding, cooperation with sponsors, and risk management? |
20.00% from total grade
|
10 points
|
|
The report calls on students to analyze: The importance of diversifying funding sources for the development of sport; The role of sponsorship and other private financing in the sustainability of sports projects; Financial risk prevention measures and their impact on the sustainability of sports organizations; The importance of cooperation between different stakeholders in the planning and use of funding. |
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|
3.
Analysis of the economic impact of a particular sporting mega event or the economic justification of a project to construct sports infrastructure |
10.00% from total grade
|
10 points
|
|
The presentation should include:
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|
4.
Digital campaign idea “marketing and communication of sports organisations” |
10.00% from total grade
|
10 points
|
|
In groups of 2 students develop a marketing campaign concept (text, visual elements or mock-up) and a brief reflection on audience and communication choices. Evaluates the quality, validity and creativity of content. |
||
|
5.
Analysis and optimisation of sports event data |
10.00% from total grade
|
10 points
|
|
Students choose a specific sporting event and analyze its data (number of visitors, revenue, social media engagement, market segments). What data is most relevant to improve planning and marketing for a future event? Develop a data evaluation strategy and recommendations to increase the effectiveness of the measure. |
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|
6.
Sports start-up platforms: from idea to MVP |
10.00% from total grade
|
10 points
|
|
Students in groups of 2 develop the idea of a sports start-up and present its business model, value proposition and innovation potential. Evaluates the originality, validity and quality of cooperation of the idea. |
||
Examination
|
Title
|
% from total grade
|
Grade
|
|---|---|---|
|
1.
Questions in essay form |
30.00% from total grade
|
10 points
|
|
The exam consists of several essay-type questions covering the main themes discussed in the lecture course. For each question, students must provide an analytical, structured essay |
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Study Course Theme Plan
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Lecture
|
Modality
|
Location
|
Contact hours
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|---|---|---|
|
On site
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Study room
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2
|
Topics
|
Sports business environment and special features of sports management
Description
This lecture offers a general analysis of the structure of the sport’s governing industry and its specific features. The dynamic multifaceted approach of the sport sector covers professional and amateur sport. This lecture looks at the uniqueness of sports management, the dual goals and their challenges, globalisation and technological change. Purpose of the lecture: students understand the specificities of sports management, the principles of sports business and the unique dynamics of sports. Students understand the functions of the sports business, digital transformation and challenges of the future. |
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Study room
|
2
|
Topics
|
Financial management in the sports sector
Description
This lecture looks at the principles and practices of financial management in the dynamic and competitive sports sector, taking into account the unique features of sport. Using case studies, industry data and practical tasks, the lecture looks at key financial concepts such as financial decision-making processes, budgeting, revenue generation and revenue streams, cost control, risk management and investment strategies pertaining to sports organisations, teams, events and facilities. Purpose of the lecture: to provide students with knowledge of financial management concepts in the sports sector. Students will be able to understand the budgeting and budget of sports organisations and events, assess funding sources including sponsorship, ticketing, broadcasting and merchandising, and use financial instruments to support strategic planning and sustainable growth. The student has prepared a written case study with an analysis of the budget of a real or simulated sports club and strategic financial decisions. |
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Study room
|
2
|
Topics
|
Sports economy
Description
This lecture explores economic principles and their application in the sports sector. Key topics include labour markets in professional sport, competitive balance, outcome uncertainty hypotheses (UOHS), league structures, pricing strategies, stadia public funding and the economic impact of major sporting events. The lecture also explores the role of media law, sponsorship and globalization in shaping today’s sports economy. The lecture explores how economic theories explain the actions of sports organizations, athletes, fans and governing bodies, and how market forces shape the structure and outcomes of sports competitions. Purpose of the lecture: The lecture provides students with knowledge of economic principles and their application in the sports sector. Students learn to apply microeconomic and macroeconomic concepts to analyze sports-related issues. Students will be able to evaluate league formats and revenue-sharing models, assess the economic rationale of the sports industry. Student individually prepares a task with a small dataset (e.g. the economic impact of a sporting event). |
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Study room
|
2
|
Topics
|
Sources of funding in sport
Description
This lecture looks at the diverse and changing environment of funding sources in the sports sector. Students will study how sports organisations - from local clubs to elite professional teams - provide financial resources to support operations, development and growth. Topics include public-private funding mechanisms, sponsorship and partnership models, broadcast and media rights, ticket and merchandising revenue, crowd funding, philanthropy and government subsidies. The course also looks at financial sustainability, ethical considerations and strategic decision-making in getting funding. Purpose of the lecture: This lecture provides students with knowledge of sources of funding in the sports sector. Key sources of funding available to sports organisations will be identified and evaluated. Students learn to analyse the financial impact of different funding models, and understand the student group is developing a realistic funding plan (public, private, sponsorship) and presenting it to investors in the game. |
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Study room
|
2
|
Topics
|
Organisation of sporting events and infrastructure problems
|
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Study room
|
2
|
Topics
|
Marketing and communication of sports organisations in the digital age
Description
This lecture provides detailed insights into sports marketing (organizations and events), including marketing planning and implementation. This lecture focuses on building marketing campaigns, creating content, building a brand, using modern digital communication, exploring fan engagement and experience, and recognizing the brand alongside the use of influencers and athletes as brand messengers. The lecture will look at digital tools such as short story videos, social platform and the use of augmented and virtual reality (AR/VR). Lecture purpose: Students understand the power of digital communication and learn how to execute a comprehensive marketing plan and how to build personalized and data-driven marketing campaigns using today’s technology and digital tools. Students develop a marketing campaign concept (text, visual elements, or mock-up) and a brief reflection on audience and communication choices. |
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Study room
|
2
|
Topics
|
Data-based sports management and business intelligence
Description
The lecture gives students an in-depth understanding of the use of data analysis and Business Intelligence tools in sports management and business. The role of knowledge-based leadership in strategic planning, efficiency and decision-making of sports organizations will be looked at. Students will analyze different data sources - from player performance statistics and fan engagement metrics to market studies and financial indicators - and learn how KPIs (key performance indicators) help assess the performance of sports organizations. The lecture will highlight in particular a practical approach to data interpretation to support innovative and sustainable management solutions in sport. Lecture purpose: Develop students’ understanding of the role of data-driven management and business intelligence in sports organizations, as well as develop skills to analyze, interpret and apply different data indicators in strategic and innovation-oriented decision-making. Students draw up written reports on the use of data in the management of sports organizations (without technical data processing). |
-
Lecture
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Study room
|
2
|
Topics
|
Sports start-up platforms: from idea to MVP
Description
In this lecture, students will learn about new business models and innovation platforms in the sports industry that promote the development of start-ups and the integration of technology into sport. Sports technology incubators and accelerators will be looked at: organisations that support start-ups. What you need to do to attract funding for start-up ideas and how to build partnerships with IT companies. Examples of how sports clubs and tech companies work together. Purpose of the lecture: The lecture will provide students with an understanding of the structure of the sports innovation ecosystem and business development opportunities for sports start-ups. Students in groups of 5 develop the idea of a sports start-up and present its business model, value proposition and innovation potential. |
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Study room
|
2
|
Topics
|
Sports business environment and special features of sports management
Description
This lecture offers a general analysis of the structure of the sport’s governing industry and its specific features. The dynamic multifaceted approach of the sport sector covers professional and amateur sport. This lecture looks at the uniqueness of sports management, the dual goals and their challenges, globalisation and technological change. Purpose of the lecture: students understand the specificities of sports management, the principles of sports business and the unique dynamics of sports. Students understand the functions of the sports business, digital transformation and challenges of the future. |
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Study room
|
2
|
Topics
|
Financial management in the sports sector
Description
This lecture looks at the principles and practices of financial management in the dynamic and competitive sports sector, taking into account the unique features of sport. Using case studies, industry data and practical tasks, the lecture looks at key financial concepts such as financial decision-making processes, budgeting, revenue generation and revenue streams, cost control, risk management and investment strategies pertaining to sports organisations, teams, events and facilities. Purpose of the lecture: to provide students with knowledge of financial management concepts in the sports sector. Students will be able to understand the budgeting and budget of sports organisations and events, assess funding sources including sponsorship, ticketing, broadcasting and merchandising, and use financial instruments to support strategic planning and sustainable growth. The student has prepared a written case study with an analysis of the budget of a real or simulated sports club and strategic financial decisions. |
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Study room
|
2
|
Topics
|
Sports economy
Description
This lecture explores economic principles and their application in the sports sector. Key topics include labour markets in professional sport, competitive balance, outcome uncertainty hypotheses (UOHS), league structures, pricing strategies, stadia public funding and the economic impact of major sporting events. The lecture also explores the role of media law, sponsorship and globalization in shaping today’s sports economy. The lecture explores how economic theories explain the actions of sports organizations, athletes, fans and governing bodies, and how market forces shape the structure and outcomes of sports competitions. Purpose of the lecture: The lecture provides students with knowledge of economic principles and their application in the sports sector. Students learn to apply microeconomic and macroeconomic concepts to analyze sports-related issues. Students will be able to evaluate league formats and revenue-sharing models, assess the economic rationale of the sports industry. Student individually prepares a task with a small dataset (e.g. the economic impact of a sporting event). |
|
Sources of funding in sport
Description
This lecture looks at the diverse and changing environment of funding sources in the sports sector. Students will study how sports organisations - from local clubs to elite professional teams - provide financial resources to support operations, development and growth. Topics include public-private funding mechanisms, sponsorship and partnership models, broadcast and media rights, ticket and merchandising revenue, crowd funding, philanthropy and government subsidies. The course also looks at financial sustainability, ethical considerations and strategic decision-making in getting funding. Purpose of the lecture: This lecture provides students with knowledge of sources of funding in the sports sector. Key sources of funding available to sports organisations will be identified and evaluated. Students learn to analyse the financial impact of different funding models, and understand the student group is developing a realistic funding plan (public, private, sponsorship) and presenting it to investors in the game. |
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Study room
|
2
|
Topics
|
Organisation of sporting events and infrastructure problems
|
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Study room
|
2
|
Topics
|
Marketing and communication of sports organisations in the digital age
Description
This lecture provides detailed insights into sports marketing (organizations and events), including marketing planning and implementation. This lecture focuses on building marketing campaigns, creating content, building a brand, using modern digital communication, exploring fan engagement and experience, and recognizing the brand alongside the use of influencers and athletes as brand messengers. The lecture will look at digital tools such as short story videos, social platform and the use of augmented and virtual reality (AR/VR). Lecture purpose: Students understand the power of digital communication and learn how to execute a comprehensive marketing plan and how to build personalized and data-driven marketing campaigns using today’s technology and digital tools. Students develop a marketing campaign concept (text, visual elements, or mock-up) and a brief reflection on audience and communication choices. |
-
Class/Seminar
|
Modality
|
Location
|
Contact hours
|
|---|---|---|
|
On site
|
Study room
|
2
|
Topics
|
Sports start-up platforms: from idea to MVP
Description
In this lecture, students will learn about new business models and innovation platforms in the sports industry that promote the development of start-ups and the integration of technology into sport. Sports technology incubators and accelerators will be looked at: organisations that support start-ups. What you need to do to attract funding for start-up ideas and how to build partnerships with IT companies. Examples of how sports clubs and tech companies work together. Purpose of the lecture: The lecture will provide students with an understanding of the structure of the sports innovation ecosystem and business development opportunities for sports start-ups. Students in groups of 5 develop the idea of a sports start-up and present its business model, value proposition and innovation potential. |
Bibliography
Required Reading
Hoye, R., Misener, K., Naraine, M. & Ordway, K. (2022) Sport Management: Principles and ApplicationsSuitable for English stream
Dodds, M., Heisey, K. & Ahonen, A. (2018). Routledge Handbook of International Sport Business. New York, N.Y.: Routledge.Suitable for English stream
Additional Reading
Woratschek, H., Horbel, C., & Popp, B. (2014). The sport value framework - a new fundamental logic for analyses in sport management. European sport management quarterly, 14(1), 6-24.Suitable for English stream
Slack, T. (2014). The social and commercial impact of sport, the role of sport management. European sport management quarterly, 14(5), 454-463.Suitable for English stream
Brown, M.T., Rascher, D.A., Nagel, M.S. & McEvoy, C.D. (2021). Financial management in the sport industry. Routledge. 3rd edition.Suitable for English stream
Plumley, D. & Wilson, R. (2023) The Economics and Finance of Professsional Team Sports. Routledge, 1st edition.
Winfree, J.A., Rosentraub, M.S., Mills, B.M. & Zondlak, M. (2019). Sports finance and management: real estate, media and the new business of sport. Taylor & Francis. 2nd edition.Suitable for English stream
Michael A. Leeds, Peter von Allmen, Victor A. Matheson (2023). The economics of sport. 7th edition. Routledge.Suitable for English stream
Arne, H., Storm, R.K., and Swart, K. (2024) Research Handbook on Major Sporting Events. Cheltenham, UK: Edward Elgar.Suitable for English stream
Knott, B., Fyall, A. & Jones, I. (2015). The nation branding opportunities provided by a sport mega-event: South Africa and the 2010 FIFA World Cup. Journal of Destination Marketing and Management, 4: 46-56.
Agha, N. & Taks, M. (2025) Economic Impact, Fiscal Loss, and Redistribution of Wealth in Sport Events Journal of Sport Management, 1-12Suitable for English stream
Karg, A., Shilbury, D., Westerbeek, H., Funk, D., Naraine, M. (2022) Strategic Sport Marketing. London: Routledge.Suitable for English stream
Funk, D., Alexandris, K., McDonald, H. (2022) Sport consumer behaviour: marketing strategies. London: Routledge.Suitable for English stream
Breitbarth, T., Walzel, S., & van Eekeren, F. (2019) ‘European-ness’ in social responsibility and sport management research: Anchors and avenues. European sport management quarterly, 19(1), 1-14.Suitable for English stream
Trail, G., Kim, A., Bang, H., & Braunstein-Minkove, J. R. (2024) Ethics in quantitative sport management research: The impact of AI. International journal of sports marketing & sponsorship, 25(5), 1147-1162.Suitable for English stream
Guppy, F., Muniz-Pardos, B., Angeloudis, K., et al. (2023) Technology innovation and guardrails in elite sport: The future is now. Sports Med, 53(Suppl 1), 97–113.Suitable for English stream
Stegmann, P., Nagel, S., & Ströbel, T. (2021) The digital transformation of value co-creation: a scoping review towards an agenda for sport marketing research. European Sport Management Quarterly, 23(4), 1221–1248.Suitable for English stream
Hammerschmidt, J., González-Serrano, M.H., Puumalainen, K. et al. (2024) Sport entrepreneurship: the role of innovation and creativity in sport management. Rev Manag Sci 18, 3173–3202Suitable for English stream