How Fear, Exogeneous Shocks and Leadership Impact Change: The Case of Economic Models of the French Men's Professional Basketball Clubs

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Version: Final published version
License: CC BY 4.0
Serval ID
serval:BIB_E1CF4AF00367
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
How Fear, Exogeneous Shocks and Leadership Impact Change: The Case of Economic Models of the French Men's Professional Basketball Clubs
Journal
Sustainability
Author(s)
Terrien Mickaël, Terrettaz Loris, Carin Yann
ISSN
2071-1050
Publication state
Published
Issued date
09/03/2023
Peer-reviewed
Oui
Volume
15
Number
6
Pages
4910
Language
english
Abstract
The financial situation of clubs is a major issue in professional sports. Their vulnerability can be explained by the structure of income (not diversified enough) or by the breakdown of expenditure (too much investment in sports talent). This state of affairs has prompted an interest in their economic models, specifically in the context of French clubs from 2008/2009 to 2019/2020. How did these clubs evolve over time, and how were they able (or not) to transform their economic model? Principal components and k-means analyses of financial data reveal four main types of economic models. Even if some clubs kept the same model over this period, many clubs also substantially changed their economic models. Interviews with professional clubs were performed to understand the factors underlying change and stasis as appropriate. Although visionary leadership partly explains the changes at certain clubs, exogeneous shock played at least as great a role. However, such external factors are not sufficient to overcome some clubs’ organizational inertia, often due to a fear of change that clubs rationalize in terms of their limited local potential. This paper could be helpful in assisting clubs to fight against attribution biases and to understand how to transform their economic models to become less vulnerable.
Keywords
Management, Monitoring, Policy and Law, Renewable Energy, Sustainability and the Environment, Geography, Planning and Development, Building and Construction
Web of science
Open Access
Yes
Create date
05/05/2023 8:53
Last modification date
10/05/2023 6:16
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