Golf has been described as a “good walk spoiled.”
The rise of Tiger Woods brought an increased interest in the sport along with a new generation of fans in the early part of the century. However, recent stories from CNN and Bloomberg news report a declining interest in the game.
Business contributor Rebecca Harris, director of the Center for Women’s Entrepreneurship at Chatham University, looks at the business of golf.
According to the National Golf Foundation, more than 400,000 players, mostly men, left the sport last year. This may be attributed to the wicked winter weather on the east coast delaying the start of the game.
Golf club and gear sales also declined due to the new technology being phased into the sport, which older players may be slower to pick up. But Harris believes that another form of technology has had a negative effect on the sport as well.