About Cricket in Australia
Discuss about the Australian Cricket Playing Policies And Guidelines.
Sports are playing very important role in the growth of the economy and the youth and it focuses almost every aspect of the human being. In the world, there are a lot of games exists, but cricket is the most famous and popular games in Australia. There are lot of risks involved for the cricket while playing in the field such as on field injuries, fractures, broken jaws and many other physical injuries. In this report, we are going to analyze all the risks associated with the cricket sport in the Australia and how to manage all these risks are also discussed in this report. Basically this report talks about the previous studies and determines the gaps. There are many clubs and associations established in Australia to attract the diverse population and to manage the game by attracting more members. Moreover, cricket also focus on the indigenous communities and people with some disabilities. In the previous studies, there are many types of the sports risk has been found in the different games like football, Cricket, hockey. According to the various researchers, most of the ports activities involve a chain of the risks at certain level even if the organizations still implemented risk management policies. At the end of the report, some of the suggestions are also provided.
Cricket is the most popular game in Australia and it is highly participated game. In this research, the main focus will be on the risk faced by the cricket sports in Australia and how to manage that risk in Australia. The objective of the report is to analyze the risk associated with this game and how to mitigate those risks. The vision of the Australian cricket is to become the favorite sport for all the Australian people and to achieve this vision, it is important to contact the Australia’s diverse society by attracting a new fans and players to the game. The culture of the Australia is very influential as it welcomes everyone to bring some common change in the Australian cricket team. On the basis of the reports, there are 43.1% of people having at least one overseas born parent and one fourth group members were born overseas. Therefore, cricket is the most important of the culture of Australia. Moreover, it is seen that the Cricket maintain its automatic place with the rise in the multicultural population in the Australian culture. Cricket is the leading sport in Australia that attracts people of different ages, gender, countries and cultural background. There are many clubs and associations established in Australia to attract the diverse population and to manage the game by attracting more members. Moreover, cricket also focus on the indigenous communities and people with some disabilities. This can range from disability teams competing at an international level, or the Imperia Cup – a tournament for Indigenous Australians (Treagus, Cover, & Beasley, 2011).
Objectives of Project Report
The main objective of this review is to conduct the literature review on the Australian cricket. The main focus of the report is on the below mentioned points:
- To determine the benefits of the Australian cricket
- To analyze the risk associated with the Australian cricket
- To find out how to manage the risks associated in the Australian cricket.
According to the Australian cricket policies and guidelines, there are many benefits of participating in the match as well as many risks also involved in this game. Talking about the benefits, then it can be physical, social and psychological. The physical benefits of the cricket are that it improves the physical health of the people by controlling heart rates, muscle growth and also improves bone density. Also, the problems such as obesity and weight problems can be reduced by participating in the cricket match. However, social benefits of participating in cricket are that, it helps in meeting a new people and developing a new friendship group. The best part of Australian Cricket team is that it helps the human beings to work in a team and develop the sense of responsibility and communication skills in the individuals. Lastly, the psychological points are increased in self esteem, development of the strategies, building confidence and concentration skills. Stakeholders are the persons or individuals who can or affected by the policies, actions of the organization and objectives. A stakeholder in the organization can be internal and external to the business. These stakeholders are in the vice versa situation where they can affect the business and also can affected by the business (Australia, 2015).
In the previous studies, there are many types of the sports risk has been found in the different games like football, Cricket, hockey. According to the various researchers, most of the ports activities involve a chain of the risks at certain level even if the organizations still implemented the precautions. It is found that the risk management is the process where the governing bodies need to access the risks as well as implement the adequate measures to control these risks. The researchers and authors identified the five main steps of risk management. The risk management plan involves various tasks and activities. Risk identification is the first step involved in the process is to identify the risk in the organization that might affect the operations of the organizations. Risk analysis is the next step to analyze the consequences of the risks that are identified in the organizational performance. Evaluation of the risk means on the basis of the risk magnitude; it is important to rank the risks to understand whether it is acceptable to the organization or it needs some actions to minimize their effect. Risk response planning involves the treatment of the risk. The organization needs to build the risk mitigation strategies and preventive plans at this step. Review and monitor the risk is the last step in the process. This review and monitoring of the risks are important for the successful implementation of the plans in the organization (Gamage, Fortington, & Finch, 2017).
Literature review on the Australian Cricket
Risk context is like a background of the story which is very important within the organization. The risk context will help the organizations in creating the appropriate risk action plans. Basically, risk context helps in identifying the risks within the organization and it provides the basis for the risk management process. There are two types of the risk contexts. One is operational context which involves into the different operations in the business. Second one is the strategic context that determines the risk associated with the environment. Strategic risk context determines the external factors that affect the working of the business. The risks identified under the strategic context are like organizational relationships, laws, rules, procedures and policies that exist within the organization. All these external factors like legal structure cannot be controlled by the organization. However, the establishment of the risk context is important in the management of the operational risks (AFL Community Club, 2012).
The report also reviews the previous literature that is related to the role of the corporate governance in the risk management of the Australian Cricket. In the previous studies or literature, the main focus is given on the theoretical framework of the corporate governance as well as identified some of the related theories on the corporate governance in the sports organizations. From the organizational point of view, the main focus is given on the agency theory, stakeholder theory and the stewardship theory which reflects the framework of the corporate governance in the context of the Cricket teams and other sports teams (Insurance Council of Australia, 2016).
Many authors and researchers revealed that managing the risk in the sports organization is very difficult and complex because the physical health of every team member is very important. The Australian cricket clubs and associations also need to plan, organize and manage all the risks associated with the organization with a purpose to achieve the goals and objectives and play safely. According to the scholars, the process of the risk management involves the number of activities such as the framing of risk, risk assessment, responding to those risks and in the end controlling and monitoring those risks. The simple process of the risk management has been shown in the below picture.(Brukner, Gara , & Fortington, 2018).
The main problem faced by the sports clubs and organization is that they found it difficult to manage the large volume of information and data. However, managing this large amount of data is the first step of the risk management process as it helps in the identification of the risks. This is the common viewpoint of all the researchers that, before managing the risks, identification of the risks is must. Risk management would not be possible without the identification of the risks. The reason behind this is that process of the risk identification involves the key activities such as the source of risk, nature of risk, time period, expected outcomes and occurrence area. Every detail of the risk is the basis for the risk mitigation strategies. According to the viewpoint of the Zheng, risk identification is possible through number of ways such as organizational policies, training and information systems and the arrangement of the relevant information from the past experiences, people and skills (Ho, Zheng, & Talluri, 2015).
Moreover, on the basis of the integrity and confidentiality, all the threats and impacts of these risk associated with the sports organizations can be categorized in four different groups. These four different groups are the processes, systems, human factors and the external environment factors. Also, various tools and techniques are designed for the risk controlling actions. After the identification of the risk in the sports organizations it is very important then to assess those risks to understand the nature and impact of those risks on the performance of the sports organizations and clubs. For example, the security of the players can be positive or negative, so it is important to calculate the level of the risks and then build some strategies and policies according the risk levels.
According to the previous researches, three methods for the risk analysis has been found such as qualitative, semi-quantitative and quantitative methods. Qualitative method is used to define the probability level for the occurrence of wrongful incidents such as injuries to the players and the impact of these risk on the performance of the team members. Different levels in the qualitative methods are divided into rare, unlikely, likely and most certain. The combination of the probability level and its impact can be identified on the basis of the low, medium and high level of risks. Second method is the semi quantitative is analyzed through the range of scale 1 to 4 in terms of very unlikely, improbable, probable and very probable. The last method may perform the simulation methods when the large information is available from the past experiences.(Fuller & Drawer, 2004).
In every sport organization, there should be a risk executive who can play the functional roles in order to manage all the risks. risk executive will act as a resource for the seniors to manage and monitor the risks through the risk management strategies. According to the guidelines of the Australian cricket, it is important to assign and delegate the roles and responsibilities in the management of risk. it is also essential to build and implement the strategies by considering all the factors in the management of risks. It is also suggested that the organizations consider all the factors and different sources of risks in order to take the effective decisions. Also, all the activities on which the decision are based, need to be performed in an effective way such as the risk framing risk assessment and risk monitoring. Risk context is playing important role also as it helps in creating risk and appropriate risk management plans. This risk context is like a background of the story and helpful in identifying the risks within the sports organizations. All the sports organizations especially, cricket teams need this as a basis for the risk management processes (Niralia, 2017).
The process of the management of the risks involves the identification, assessment, risk prioritization of the risks. These are defined as the effect of the uncertainty on the objectives as per the ISO 31000, which is followed in order to avoid, monitor and reduce the impact of the uncertain events and to maximize the productivity in the organizations.
In the previous studies, there is no particular study that depicts the different risks faced by the Australian cricket as they have discussed very generally about the risk management of the sports organizations. However, there is also a communication gap between the researchers and the information they conveying to the people about the Australian cricket. There is no particular risk in the Australian Cricket is found by the researcher. However, we are going to focus only on the Australian cricket and the risks that they are facing. The previous studies focus on the overall growth of the sports organizations whereas we need to find out the Cricket game in Australia. The studies mainly emphasize on the risk management process instead of focusing on the Cricket game.
There are many risks are faced by the cricketers related to health, safety and security inconsistencies. The different types of risk associated with the Australian Cricketers are explained in below:
- Critical risk of Ball impact
In November 2014, from the reports of the FICA, it is clear that the Australia opener died two days after being struck on the top of the neck by a ball while paying a domestic match. However, there are many players who stuck because of the risk of injury on field by hitting of the ball. Also, the wicketkeeper of South Africa retired in 2012 after having the injury on his eye during the tour of England. There is a high risk of the injury through a ball in the Australian cricket team.
- On field injuries
There are lot of risks involved for the cricket while playing in the field such as on field injuries, fractures, broken jaws and many other physical injuries. Most of the time, when two people run to catch the ball, then they collided with each other and fall badly and also struck by the fractures.
- High risk of Sun and Heat related conditions
Because of the uncertain weather conditions, there are many players in the Australian team facing diseases such as cancer, skin problems and migraine. Australia Captain, Mr. Michael Clark, have been treated for the skin cancer. Also, former captain of Australian team Richie Benaud also died in April because of the skin cancer (Leopkey & Parent, 2009).
- Tour and event security
There is always a threat of terrorist attacks on the Australian teams. In the year of 2009, cricket team was attacked by gunmen when they were on the way to Pakistani city of Lahore and in this incident around 7 cricketers were died and coach was injured. Also, England team also faced terror attacks in Mumbai while they were coming back to the tour of India in the year 2008.
- Mental illness
It is observed that there is a lot of stress while playing the matches. These stress related also leads to mental illness and many psychological problems for the cricketers. The use of the insurance cover means that organization accepting the loss of the players but mitigate the risk by covering the loss also. With the help of this approach, players of the Australian cricket team accept the fact that if they suffer from any injury during the match. It will definitely be covered by the insurance company and they will provide the full compensation incentives and the principle amount that leads to reduction in the level of the risks to themselves and other associated with Australian Cricket team.
- Public related risks
Australian cricketers may also face the off field incidents such as travel accidents and injuries sustained are seemed to have the moderate risks where medical conditions are at high risk. Long term health issues and other physical illnesses carry very moderate risks.
As above it is analyzed that, cricketers faced a number of risks and it is very essential to manage the risks and the risk management process include the various techniques such as risk assessment, risk identification, risk evaluation, risk mitigation and risk communication. The main aim of the risk management is to manage the health, risk and the situations of the organizations. The main purpose of the risk management is to manage the risk and develop the plans. The risk management techniques are very essential for managing the risks. The risk management plan involves various tasks and activities. Risk identification is the first step involved in the process is to identify the risk in the organization that might affect the operations of the organizations. Risk analysis is the next step to analyze the consequences of the risks that are identified in the organizational performance. Evaluation of the risk means on the basis of the risk magnitude; it is important to rank the risks to understand whether it is acceptable to the organization or it needs some actions to minimize their effect. Risk response planning involves the treatment of the risk. The organization needs to build the risk mitigation strategies and preventive plans at this step. Review and monitor the risk is the last step in the process. This review and monitoring of the risks are important for the successful implementation of the plans in the organization. Risk management plan is the document prepared by the managers that includes the risks, their impact and the definition of the responses to issues. This is the clear fact that risks cannot be eradicated completely, as they can be mitigated, reduced or accepted by the sports organizations (Mun, 2004).
It is clear from the above review of the literature that the risk management is a very difficult process. The risk related to the health of the players cannot be ignored and it is quite difficult to deal with these risks and eliminate them completely. However, risk mitigation is the only way to reduce the effect of the risks on the players by implementing some of the strategies or recommendations. Moving further, it is also very essential that while implementing the strategies for the risk management, the organizations should take care of the corporate values and its social responsibilities. The brand value is the main reason because most of the clubs and cricket organizations and their brand image is dependent on the corporate policies and the its social responsibilities. Most of the researchers and scholars, agreed on that policies for the risk management should be implemented in a proper way, so that the negative impact of the risk can be reduced. The sports organizations should spend a lot of money to provide the great facilities for their physical health of the players as well as stadium and pitch of the cricket ground
Moving ahead, this research also revealed some of the important factors which can be considered in order to manage all the risks. These important factors are the accountability, fairness and transparency. The accountability factors are used to manage the legal and formal elements in relation to the cricket and other sport clubs. The fairness feature stands for treating all the players equally and providing equal rights to all in an effective way. The last important factors is the transparency which is related to the transparent laws and legal decisions for the players in order to mitigate the risks (Belopol, 2012).
The first stage in the risk assessment is the identification of the risk and various factors associated with it. Next is the determination of the impact of these factors on the stakeholders as the stakeholders include officials, spectators and media. As above discussed the different type of risks associated with the Australian cricket team. Risk factors can arise from the various factors such as balling impact, weather impact and the location factors. These risks can be divided into two categories situational as well as event based risks. Situational risk arises on- field of the game and the event based arises at very specific point in time. Situational risks include all the injuries, health and safety of the players.
One of the most important parts of the Risk management is to find out the effect of identified risk on the other person. Risk factors in the case of the cricket also divided into parts such as intrinsic and extrinsic factors. Intrinsic risk factors are those factors which are specific to the individual participant of the game such as their muscle strength, age, joint stability etc. If the risk arises from the external resources, then it will include the rules and laws for the cricket game, pitch conditions, stadium locations. These both type of factors however leads to modify the likelihood of the players a by protecting them from injuries. The final stage of the risk assessment is to evaluate the level of risks for every group of participant and the risk can be rates as the high, moderate and low. It is not necessary that the quantifying the level of risk does not define that whether this risk is acceptable or not. It is observed from the previous studies that the process of the risk management and assessment determines what the risk factors are within a sport and who is affected by these risks and how to compare these risks with the standards of the risk. The process of the risk assessment is very useful in reducing the risk or the injury to the participants (Lekka, Webster, & Corbett, 2012).
There are many approaches that can be followed by the governing bodies in order to mitigate the risks. First approach is that the Australian cricket club and organizations could determine the worst case scenarios in order to find the experience and the outcomes of those scenarios and then try to implement the control measures in order to mitigate the risks associated with it. Another approach is that, the governing bodies like, Australian cricket team could adopt the scenario of the average participant that has the reasonable level of knowledge, skill and experience and again implement the controlling measures in order to manage and mitigates the risks associated with the game.
The compromise approach is the approach which is used to in the cricket team to identify the various groups of people such as the identification of the different type of the participants or players in the team on the basis of their age, gender and disability and all these participants’ needs controlling measures on the basis of the certain circumstances. All of these approaches provide the flexibility in a way to the cricket sport. Moreover, there are two different types of the controlling approaches which can be used to mitigate the risks, first one is the risk acceptance and another one is the risk reduction.
- Risk Acceptance: This is the first controlling option to mitigate the risk that implies that an informal decision has been made to accept the risk and its outcomes or we can say the likelihood of an injury. For example, to accept the risk and mitigate the risk through the insurance cover. The use of the insurance cover means that organization accepting the loss of the players but mitigate the risk by covering the loss also. with the help of this approach, players of the Australian cricket team accept the fact that if they suffer from any injury during the match then it will definitely get covered by the insurance company and they will provide the full compensation incentives and the principle amount that leads to reduction in the level of the risks to themselves and other associated with Australian Cricket team (Sacha & Brent, 2011).
- Risk Reduction: This option of the controlling measures involves the application of the appropriate control measures in order to improve and modify the risk factors. Some of the strategies can be implemented to reduce the level of risks and it is necessary to identify the different areas that cause the injuries to the players. The identification of the casual factors is important to reduce the risk level. There are two methods of the identifying the casual factors such as qualitative and quantitative in nature. Quantitative methods mean to analyze the casual factors through the use of tree analysis. The various factors can be analyzed through the physical, management and human factors that cause injuries to the players.
There are two components involved in the overall perception of the individual namely physical perception and the cognitive perception. Physical perception is related to the factual information which can be perceived through the sensory system. On the other hand, cognitive perception is based on the mental processes that help to recognize how the individual should react to the information perceived. Physical perceptions are perceived to be more quickly that enables all the cricket players to respond immediately to the changing situations at the time of the sport activities. On the other hand, the cognitive approaches are perceived over a time and it changes with the experience and knowledge of the players. Moving further, the theories of the risk perception also based on the number of the issues such as the physical, environmental and health.
The main focus of the risk communication is to communicate and change the views or concerns information. Also, all the stakeholders show the concern towards the fear of injury and impact of the risks. It is very essential to communicate with the people about the information related to the risk. Player won’t be able to appreciate the level of risk as it involves the lack of information about the level of injury and ill health issues. There are three approaches which can be used to communicate about the risk information and these three approaches are the technical, pubic and multidisciplinary. The technical approach relies on the presentation of the factual information about the level of risks and, public approaches concerns about the delivery of important message rather than trying to justify the information. The risk communication also takes place through the multi-disciplinary approach as it shows the favorable information and supporting the message with the technical support or information.
Risk mitigation is a strategy used to reduce the impact of the risks on the Australian Cricket players in different ways. Risk acceptance refers to the strategy used to accept the risk and work on it to reduce its impact. There are many risks which are acceptable by the people very easily, for example, death is the risk to the human life about which people already plan to have the insurance policies in order to compensate the loss. Similarly, all the team players should be physically insured by the sports clubs. Also, risk avoidance is the strategy used to avoid the risks by making some contingency plans. It will be better to avoid those risks having a great impact on the Australian sports organizations. to add more, the risk limitation refers to the plan that limits the bad impact of the risk through the adoption of some alternatives. The last parameter is the risk transfer which is used to reduce the risk by transferring to the third parties. For example, people transfer their risks to the third party through insurance products.
There are many benefits of the Australian cricket clubs and associations. The physical benefits of the cricket are that it improves the physical health of the people by controlling heart rates, muscle growth and also improves bone density. Also, the problems such as obesity and weight problems can be reduced by participating in the cricket match. However, social benefits of participating in cricket are that, it helps in meeting a new people and developing a new friendship group. The best part of Australian Cricket team is that it helps the human beings to work in a team and develop the sense of responsibility and communication skills in the individuals. Lastly, the psychological points are increased in self esteem, development of the strategies, building confidence and concentration skills. The below picture show the hierarchy of the team members which need to be controlled in order to avail the benefits (Fuller, Junge, & Dvorak, Risk management: FIFA’s approach for protecting the health of football players, 2012).
One of the most important parts of the risk management is to find out the effect of identified risk on the other person. Risk factors in the case of the cricket also divided into parts such as intrinsic and extrinsic factors. Intrinsic risk factors are those factors which are specific to the individual participant of the game such as their muscle strength, age, joint stability etc. If the risk arises from the external resources, then it will include the rules and laws for the cricket game, pitch conditions, stadium locations. These both type of factors however leads to modify the likelihood of the players a by protecting them from injuries. The final stage of the risk assessment is to evaluate the level of risks for every group of participant and the risk can be rates as the high, moderate and low. It is not necessary that the quantifying the level of risk does not define that whether this risk is acceptable or not. It is observed from the previous studies that the process of the risk management and assessment determines what the risk factors are within a sport and who is affected by these risks and how to compare these risks with the standards of the risk. The process of the risk assessment is very useful in reducing the risk or the injury to the participants. There are many approaches that can be followed by the governing bodies in order to mitigate the risks. First approach is that the Australian cricket club and organizations could determine the worst case scenarios in order to find the experience and the outcomes of those scenarios and then try to implement the control measures in order to mitigate the risks associated with it. Another approach is that, the governing bodies like, Australian cricket team could adopt the scenario of the average participant that has the reasonable level of knowledge, skill and experience and again implement the controlling measures in order to manage and mitigates the risks associated with the game. Risk acceptance is the first controlling option to mitigate the risk that implies that an informal decision has been made to accept the risk and its outcomes or we can say the likelihood of an injury (Lhotsky, 2006). For example, players accept the risk and mitigate the risk through the insurance cover. The use of the insurance cover means that organization accepting the loss of the players but mitigate the risk by covering the loss also. with the help of this approach, players of the Australian cricket team accept the fact that if they suffer from any injury during the match then it will definitely be covered by the insurance company and they will provide the full compensation incentives and the principle amount that leads to reduction in the level of the risks to themselves and other associated with Australian Cricket team. This option of the controlling measures involves the application of the appropriate control measures in order to improve and modify the risk factors. Some of the strategies can be implemented to reduce the level of risks and it is necessary to identify the different areas that cause the injuries to the players. The identification of the casual factors is important to reduce the risk level. There are two methods of the identifying the casual factors such as qualitative and quantitative in nature. Quantitative method means to analyze the casual factors through the use of tree analysis. The various factors can be analyzed through the physical, management and human factors that cause injuries to the players.
According to the Australian cricket policies and guidelines, there are many benefits of participating in the match as well as many risks also involved in this game. Talking about the benefits, then it can be physical, social and psychological. The physical benefits of the cricket are that it improves the physical health of the people by controlling heart rates, muscle growth and also improves bone density. Also, the problems such as obesity and weight problems can be reduced by participating in the cricket match. However, social benefits of participating in cricket are that, it helps in meeting a new people and developing a new friendship group. The best part of Australian Cricket team is that it helps the human beings to work in a team and develop the sense of responsibility and communication skills in the individuals. Lastly, the psychological points are increased in self esteem, development of the strategies, building confidence and concentration skills.
In the previous studies, there are many types of the sports risk has been found in the different games like football, Cricket, hockey. According to the various researchers, most of the ports activities involve a chain of the risks at certain level even if the organizations still implemented the precautions. It is found that the risk management is the process where the governing bodies need to access the risks as well as implement the adequate measures to control these risks. The researchers and authors identified the five main steps of risk management. The risk management plan involves various tasks and activities. Risk identification is the first step involved in the process is to identify the risk in the organization that might affect the operations of the organizations (Robson, 2009).
According to the new information obtained through research is about the PUMP Process that include the seven different phases to manage the risks. This approach is about the definition of risk, choosing the processes, identification of the resources and uncertainties and also the evaluation of the risks in any sports event. All these steps should be kept in mind while handling the risks and analyzing the uncertainties. It is observed from the review of literature that this phase of analysis of uncertainties is important to minimize the risks. Also, this research is useful to execute the risk management approaches to mitigate the risks.
It is seen that the Cricket maintain its automatic place with the rise in the multicultural population in the Australian culture. Cricket is the leading sport in Australia that attracts people of different ages, gender, countries and cultural background. There are many clubs and associations established in Australia to attract the diverse population and to manage the game by attracting more members. Moreover, cricket also focus on the indigenous communities and people with some disabilities. This can range from disability teams competing at an international level, or the Imperia Cup – a tournament for Indigenous Australians.
Therefore, it is seen that the Cricket maintain its automatic place with the rise in the multicultural population in the Australian culture. Cricket is the leading sport in Australia that attracts people of different ages, gender, countries and cultural background. There are many clubs and associations established in Australia to attract the diverse population and to manage the game by attracting more members. Moreover, cricket also focus on the indigenous communities and people with some disabilities. This can range from disability teams competing at an international level, or the Imperia Cup – a tournament for Indigenous Australians (Rascher & Brown, 2012).
According to the guidelines of the Australian cricket, , there should be a risk executive who can play the functional roles in order to manage all the risks. risk executive will act as a resource for the seniors to manage and monitor the risks through the risk management strategies. According to the guidelines of the Australian cricket, it is important to assign and delegate the roles and responsibilities in the management of risk. it is also essential to build and implement the strategies by considering all the factors in the management of risks. It is also suggested that the organizations consider all the factors and different sources of risks in order to take the effective decisions. Also, all the activities on which the decision are based, need to be performed in an effective way such as the risk framing risk assessment and risk monitoring. Risk context is playing important role also as it helps in creating risk and appropriate risk management plans. This risk context is like a background of the story and helpful in identifying the risks within the sports organizations. All the sports organizations especially, cricket teams need this as a basis for the risk management processes. Some of the suggestions on the basis of the research repot are given as below:
- It is essential to manage all the risks by implementing appropriate policies related to the corporate governance.
- Australian cricket organization needs to implement the risk management policies in an accurate way.
- Safety of the players is the most important element and all the Australian cricket clubs need to provide the helmets, gloves of the good quality.
- All the players need to follow the guidelines and rules of the Australian cricket association (Pakhchanyan, 2016).
- Insurance cover should be there for every player in order to compensate the loss of their injuries. The use of the insurance cover means that organization accepting the loss of the players but mitigate the risk by covering the loss also. With the help of this approach, players of the Australian cricket team accept the fact that if they suffer from any injury during the match.
- The management of the stakeholders should be managed with the help of the corporate governance.
- It is recommended that the Australian cricket club has to be more precise and transparent in the decision making system.
- Some of the most important factors which need to be considered to manage the risks are accountability, fairing and transparency.
Conclusion
In this research, the main focus will be on the risk faced by the cricket sports in Australia and how to manage that risk in Australia. The objective of the report is to analyze the risk associated with this game and how to mitigate those risks. The vision of the Australian cricket is to become the favorite sport for all the Australian people and to achieve this vision, it is important to contact the Australia’s diverse society by attracting a new fans and players to the game. The main objective of this review is to conduct the literature review on the Australian cricket. The main focus of the report is on to determine the benefits of the Australian cricket, to analyze the risk associated with the Australian cricket and to find out how to manage the risks associated in the Australian cricket. This is the first controlling option to mitigate the risk that implies that an informal decision has been made to accept the risk and its outcomes or we can say the likelihood of an injury. For example, player needs to accept the risk and mitigate the risk through the insurance cover. The use of the insurance cover means that organization accepting the loss of the players but mitigate the risk by covering the loss also. with the help of this approach, players of the Australian cricket team accept the fact that if they suffer from any injury during the match then it will definitely be covered by the insurance company and they will provide the full compensation incentives and the principle amount that leads to reduction in the level of the risks to themselves and other associated with Australian Cricket team. One of the most important parts of the risk management is to find out the effect of identified risk on the other person. Risk factors in the case of the cricket also divided into parts such as intrinsic and extrinsic factors. Intrinsic risk factors are those factors which are specific to the individual participant of the game such as their muscle strength, age, joint stability etc. If the risk arises from the external resources, then it will include the rules and laws for the cricket game, pitch conditions, stadium locations. Risk Reduction is another controlling measure involves the application of the appropriate control measures in order to improve and modify the risk factors. Some of the strategies can be implemented to reduce the level of risks and it is necessary to identify the different areas that cause the injuries to the players. The identification of the casual factors is important to reduce the risk level. There are two methods of the identifying the casual factors such as qualitative and quantitative in nature. Quantitative method means to analyze the casual factors through the use of tree analysis. The various factors can be analyzed through the physical, management and human factors that cause injuries to the players.
References
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