An Algorithm for Implementing Public-Private Partnership Tools in the Sports Industry Management System

Abstract

The presented study examines efficient tools for the development of the sports industry based on PPP in the context of limited budget allocations and the need to introduce innovative management methods and new technologies for providing services. Aim . The study aims to develop an algorithm for implementing public-private partnership tools in the sports industry management system based on the analysis of theoretical and methodological foundations of efficient interaction between the public and private sectors. Tasks . The author considers the specific features of the mechanism of formation and implementation of public-private partnership projects, identifies efficient tools for the development of the sports industry based on PPP, determines the stages of PPP implementation, and develops a scheme for implementing the PPP project in the sports industry management system. Methods . This study uses general scientific research methods, including analytical, systems, comparative, and economic analysis, and the graphical approach. Results . The specific features of the organizational and economic interaction between the government, business, and population within the framework of PPP are examined, which involves achieving social and economic goals, creating conditions for the functioning of the infrastructure complex, and meeting the needs of society. Strategic indicative planning is found to be the most effective mechanism for the implementation of PPP tools in the development of infrastructure projects and coordinating the interests of the government and business entities. This mechanism requires the government to have a specific global goal and national priorities that would direct and motivate economic agents to fulfill them in the national interests. The author has developed an algorithm for the implementation of public-private partnership tools in the sports industry management system. Conclusions . The developed algorithm for implementing PPP in the sports industry is a general scheme for step-by-step implementation of a PPP project as a methodological approach to meeting social needs, improving the social system and the public good in order to meet the interests of the state and the private sector and improve the well-being of the population.