Entrepreneurs attempt to effectively develop, organize, and manage a business venture along with any of its risks in order to make a profit. In some instances, athletic administrators become entrepreneurs in order to identify opportunities to earn revenue (i. e. , revenue streams) for a sport organization. If funding is available and laws (e. g. , Title IX) are satisfied, as an athletic director, what types of revenue generating activities or additional sports would you propose to the institution's executive board members (e. g. , President, Board of Trustees) be created within the athletic department you supervise? Please provide a brief explanation to support your response to this inquiry.
a) Introduction of new sports programs to attract more students and increase participation fees.
b) Hosting sports tournaments and events to generate ticket sales and sponsorship revenue.
c) Offering sports camps and clinics during the off-season to generate additional income from participant fees.
d) Establishing partnerships with local businesses for sponsorships, advertising, and promotions to increase revenue streams.