Golf no longer No.1 activity to do business

2016 09 Fotolia 113254566 Subscription Xxl
• Golf no longer the most popular way to do business
• Financial Times report reveals cycling has taken over
• Cycling has enjoyed a 62% rise in popularity in eight years

GOLF & BUSINESS

Golf is no longer the most popular way to network and do business with clients, a report in the Financial Times has revealed.


According to the broadsheet newspaper, business people are swapping their clubs for bikes after a huge surge in cycling’s popularity over the past decade.
"People network in a much freer way on a six-hour bike ride" - Dr Josephine Perry

The article references the number of golfers in the US falling by 20% in the past decade and 29% since 2008 in England. This is a stark contrast to cycling which, according to Sport England, has seen its monthly participation rise 62% in eight years from 232,000 to 377,000.

CONTINUES BELOW...

cyclists during a cycle road race in Europe

“People network in a much freer way on a six-hour bike ride than if it’s something that is forced upon you like a drinks reception,” Dr Josephine Perry, a sport psychology consultant who advises sport professionals and business people, told the Financial Times. “It’s much less awkward.”

A huge factor behind cycling’s rise is the success of Great Britain in the discipline at the past three Olympic Games, with a total of 22 gold medals, ten silver medals and six bronze medals won.

CONTINUES BELOW...

Golf

And, in 2013, the mammoth $130bn Verizon-Vodafone deal was agreed by both companies’ chief executives while riding exercise bikes in a hotel gym.

“It is great for relationship building,” added Jonathan Harrison, managing director of investment banking at Robert W Baird, who organises an annual London to Somerset ride for colleagues and clients. “It is an incredibly social thing. You natter as you go along.”


Golf for business :: Your thoughts


Do you agree that golf is becoming a less popular means for business people to do deals with clients? Leave your thoughts in the 'Comments' section below.

Share this Article

share-logo
twitter-logo facebook-logo

Latest Videos See all videos right arrow

play button
TITLEIST TOUR SPEED – Better than the Pro V1???
Titleist
play button
THE SIMPLE WAY TO HIT A LOB SHOT | GOLF EXPLAINED
Golf Lessons
play button
TaylorMade MG2 TW Grind Wedges – Tiger Woods’ secret short game weapon
TaylorMade
play button
A simple drill for perfect timing | IMG Academy
Golf Lessons
See all videos right arrow

Golf News

Robert MacIntyre explains "tough" decision to split with caddie
LPGA star opens up on receiving death threats
PGA Tour confirms return of fans at event next month
Amnesty International hits out at LET's Saudi double-header
New study highlights health benefits of golf for older participants

Other Top Stories

Tiger Woods: Inside his $41million Florida mansion
The very best pubs in St Andrews
The Scottish Golf Course Emoji Quiz!
24 lies every bad golfer tells
Doug Sanders: The extraordinary life of golf's original playboy

Quick Fault 'n' Fixes See all videos right arrow

play button
Get the basics right
Watch
play button
How to create more body turn
Callaway
play button
The right address is the basis of every good golf swing
Watch
play button
Why you need to address the ball with a square clubface
Watch
See all videos right arrow