References
[1]. Markopoulos, Evangelos, et al.: Virtual and augmented reality gamification technology on reinventing the F1 sponsorship model not purely focused on the team’s and car’s performance. Advances in Human Factors in Wearable Technologies and Game Design: Proceedings of the AHFE 2019 International Conference on Human Factors and Wearable Technologies, and the AHFE International Conference on Game Design and Virtual Environments, Springer International Publishing, Washington DC, (2020).
[2]. Мустафаев, Джейхун.: The impact of formula one in Azerbaijan. Bədən Tərbiyəsi və İdman Akademiyasının Elmi Xəbərləri 1, 51-53(2019).
[3]. Kim, M. K., et al.: Measuring the economic impacts of major sports events: the case of Formula One Grand Prix (F1). Asia Pacific Journal of Tourism Research 22(1), 64-73 (2017).
[4]. Kovtun, Ivan Alexandrovich.: Study of the decline in the audience for Formula 1. Наука и молодежь. (2021).
[5]. Cobbs, J., Mark D., Groza, Pruitt., Stephen W.: Warning flags on the race track: The global markets' verdict on Formula One sponsorship. Journal of Advertising Research 52(1), 74-86 (2012).
[6]. Anika Müller‐Kock., Budzinski, O.: Is the revenue allocation scheme of Formula One motor racing a case for European competition policy? Contemporary Economic Policy 36(1), 215-233 (2018).
[7]. Chan, K., Cobbs, J., Jensen, A. J., Tyler, B. D.: Prioritizing sponsorship resources in Formula One Racing: A longitudinal analysis. Journal of Sport Management 31(1), 96-110 (2017).
[8]. Cabantous, L., Haefliger, S., Paolo, A.: When decision support systems fail: Insights for strategic information systems from Formula 1. The Journal of Strategic Information Systems 27(3), 221-236 (2018).
[9]. Zhang, L., et al.: Discussion on F1 team production efficiency with random boundary method. (2011).
[10]. Christopher, D. N.: Race to net zero: Redesigning Formula One tracks for the betterment of communities. University of Maryland, College Park, (2022).
Cite this article
Ma,Y. (2023). Challenges and Opportunities in the Business Model of Formula 1. Advances in Economics, Management and Political Sciences,26,108-114.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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References
[1]. Markopoulos, Evangelos, et al.: Virtual and augmented reality gamification technology on reinventing the F1 sponsorship model not purely focused on the team’s and car’s performance. Advances in Human Factors in Wearable Technologies and Game Design: Proceedings of the AHFE 2019 International Conference on Human Factors and Wearable Technologies, and the AHFE International Conference on Game Design and Virtual Environments, Springer International Publishing, Washington DC, (2020).
[2]. Мустафаев, Джейхун.: The impact of formula one in Azerbaijan. Bədən Tərbiyəsi və İdman Akademiyasının Elmi Xəbərləri 1, 51-53(2019).
[3]. Kim, M. K., et al.: Measuring the economic impacts of major sports events: the case of Formula One Grand Prix (F1). Asia Pacific Journal of Tourism Research 22(1), 64-73 (2017).
[4]. Kovtun, Ivan Alexandrovich.: Study of the decline in the audience for Formula 1. Наука и молодежь. (2021).
[5]. Cobbs, J., Mark D., Groza, Pruitt., Stephen W.: Warning flags on the race track: The global markets' verdict on Formula One sponsorship. Journal of Advertising Research 52(1), 74-86 (2012).
[6]. Anika Müller‐Kock., Budzinski, O.: Is the revenue allocation scheme of Formula One motor racing a case for European competition policy? Contemporary Economic Policy 36(1), 215-233 (2018).
[7]. Chan, K., Cobbs, J., Jensen, A. J., Tyler, B. D.: Prioritizing sponsorship resources in Formula One Racing: A longitudinal analysis. Journal of Sport Management 31(1), 96-110 (2017).
[8]. Cabantous, L., Haefliger, S., Paolo, A.: When decision support systems fail: Insights for strategic information systems from Formula 1. The Journal of Strategic Information Systems 27(3), 221-236 (2018).
[9]. Zhang, L., et al.: Discussion on F1 team production efficiency with random boundary method. (2011).
[10]. Christopher, D. N.: Race to net zero: Redesigning Formula One tracks for the betterment of communities. University of Maryland, College Park, (2022).