How do International Olympic Sport Federations innovate? The use of crowdfunding and the impact of COVID-19
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View abstract on PubMed
Summary
This summary is machine-generated.International Olympic Sport Federations (IFs) with less funding showed more innovation. COVID-19
Area Of Science
- Sports Management
- Innovation Studies
- Organizational Behavior
Background
- International Olympic Sport Federations (IFs) are crucial global sports governing bodies.
- Understanding IFs' innovation and crowdfunding strategies is vital for sports development.
- The study addresses the impact of recent global events on IFs' operational strategies.
Purpose Of The Study
- To explore innovation program implementation by IFs (2016-2020).
- To assess the impact of COVID-19 on IFs' innovation capabilities.
- To investigate the crowdfunding strategies employed by IFs.
Main Methods
- A mixed-methods approach combining qualitative and quantitative data.
- Online semi-structured questionnaires administered to IF executives (n=22).
- Content analysis of information provided by IFs from various sources.
Main Results
- IFs with lower funding demonstrated more innovative approaches.
- Perceptions of COVID-19's impact on innovation varied among IFs.
- Sport-specific programs were identified as highly innovative during the pandemic.
- Crowdfunding was utilized, primarily at individual and local levels within sports.
Conclusions
- This is the first study examining innovation and crowdfunding in IFs.
- Future research should include national and regional federations.
- IFs should prioritize innovative programs and explore crowdfunding for stakeholder engagement and funding diversification.
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