Week 16 (Final) Flashcards
Facility Management
The art and science of managing a facility to
help meet the facility’s objectives, goals, and
mission
Triangle Frame
s
4 Responsibilities of Sport Facility Managment
Philanthropic
Economic
Legal
Ethical
Economic
To produce goods and services that society desires and to sell them at a profit
» Profit maximization
» Strong competitive position
» High level of operating efficiency
Legal
To perform in a manner consistent with expectations of government and law
» Comply with various federal, state, and local regulations
» Be a law‐abiding corporate citizen (at least meet minimal legal requirements)
Ethical
To perform in a manner consistent with expectations of societal mores and ethical norms.
» respect new or evolving ethical moral norms adopted by society
» go beyond mere compliance with laws and regulations
Philanthropic
To perform in a manner consistent with the philanthropic and charitable expectations of society.
» assist voluntarily those projects that enhance a community’s “quality of life.“
» be a good corporate citizen
Difference between Philanthropic and Ethical
Philanthropic is to perform in a manner consistent with the philanthropic and charitable expectations of society
Ethical is to perform in a manner consistent with expectations of societal mores and ethical norms