Motorsports is one of the most popular sports in the U.S. (Hughes, 2007). According to Fielden (2015), stock car racing is the largest category of auto racing in the U.S., especially in regards to sponsorship, attendance, and media exposure. Motorsport is a type of automobile racing that is prominent in Canada, New Zealand, Australia, and the United States, and it involves the auto racing of various forms of stock cars. The races are largely performed on oval trucks and are governed by the American NASCAR (Fielden, 2015). The history of stock car racing can be traced back to the ...
Essays on Car Racing
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Abstract
Motorsports or motorsport which involves motorized vehicles is considered fun on wheels. However, the sport is more than meets the eye. Motorsport and hill climbing are the riskiest pursuits, and require the highest degree of courage and conviction to pursue this sport. This paper defined and described motorsports, and dwelled at length on the developmental history of motorsports, particularly auto racing or car racing. Starting from the manufacture of the first gasoline-fueled automobiles, and first organized contest on 28th April 1887, every stage of development such as the period up to 1950, and thereafter till date has been included. ...
F1 race in Beijing, China is one of the popular businesses. It is gaining its popularity day by day. Business houses involved in this kind of deals, earn revenue of over $1 billion. Starting from car manufactures to the drivers, many people are part of this business. This business may look lucrative and entertaining; however there are certain kinds of risk in it. Henceforth, the strategic management of F1 racing should be planned accordingly.
What do you mean by Strategy?
Strategy means something which is planned or designed in order to achieve a long term goal. It is changed and improved depending on a company’s products ...