Answer:
GARP, which stands for Governance, Accountability, Risk Management, and Performance, encompasses key principles and practices that can greatly impact the management and success of a sports organization. Here are the ways in which GARP can influence and the roles and functions it should play within a sports organization:
1. Governance:
- GARP emphasizes the importance of having effective governance structures and processes in place within the sports organization.
- It involves establishing clear lines of authority, decision-making frameworks, and transparent communication channels.
- GARP ensures that the organization has a well-defined governance structure, including a board of directors or management committee responsible for setting strategic direction, overseeing operations, and ensuring compliance with regulations.
- The role of GARP in governance is to provide guidance on ethical conduct, promote transparency, and ensure accountability at all levels of the organization.
2. Accountability:
- GARP emphasizes the need for accountability within a sports organization, holding individuals and teams responsible for their actions and decisions.
- It involves implementing systems and processes to track performance, measure results, and report on progress.
- GARP ensures that the organization sets clear goals and objectives, establishes key performance indicators (KPIs), and holds individuals accountable for achieving them.
- The role of GARP in accountability is to provide frameworks for performance measurement, establish reporting mechanisms, and foster a culture of responsibility and ownership within the organization.
3. Risk Management:
- GARP highlights the importance of identifying and managing risks that can impact the sports organization's operations, reputation, and financial stability.
- It involves assessing potential risks, developing mitigation strategies, and implementing controls to minimize the likelihood and impact of adverse events.
- GARP ensures that the organization has a robust risk management framework in place, including policies, procedures, and monitoring mechanisms.
- The role of GARP in risk management is to provide guidance on risk identification, analysis, and mitigation, as well as ensuring compliance with legal and regulatory requirements.
4. Performance:
- GARP emphasizes the need for measuring and improving performance within a sports organization to achieve strategic objectives.
- It involves setting performance targets, regularly evaluating progress, and implementing strategies to enhance performance.
- GARP ensures that the organization establishes performance metrics aligned with its mission and strategic goals.
- The role of GARP in performance management is to provide frameworks for performance evaluation, facilitate continuous improvement, and align individual and team efforts with organizational objectives.
Overall, GARP plays a crucial role in shaping the management and success of a sports organization by establishing effective governance structures, promoting accountability, managing risks, and driving performance. It provides guidance and frameworks to ensure that the organization operates ethically, transparently, and efficiently, ultimately contributing to its long-term sustainability and achievements.