When journalists covering elections focus primarily on who’s winning or losing instead of policy issues – what’s known as horse race coverage – voters, candidates and the news industry itself suffer, according to a growing body of research. The phenomenon is particularly prevalent during close races and in the weeks leading up to Election Day, and it can have a significant impact on voter turnout. Journalists should focus on reporting on the stakes rather than the race, but that can’t happen if they don’t know what’s at risk.

A horse race is a contest in which horses are forced to run around a course at speed that exceeds their natural capacity. They are often made to race with other horses, and the first horse to reach a flag or marker that marks the finish line wins. The sport dates back to ancient times, and archaeological records show that it was practiced in Egypt, Babylon, Rome, Greece, Syria, and other cultures.

The modern form of horse racing is regulated by the Jockey Club and other organizations. The sport is not without controversy, however, and animal rights activists have long campaigned for reform. The HBO series “Luck” was set in the world of horse racing and starred Dustin Hoffman.

Besides the obvious cruelty that comes with putting animals in a position to be beaten, there are many other reasons to oppose horse racing. For example, equine veterinarian Kraig Kulikowski has likened a horse’s confined space to a 100-pound child locked alone in a four-by-four-foot closet for 23 hours a day. Many horses are also given illegal drugs to enhance their performance and mask pain. Often, when horses are injured, they are not retired to pastures but sold to new owners without disclosing the injury. The horses can then be forced to compete with their injuries and, if they don’t win, end up in slaughterhouses, where they are turned into glue and dog food.

In business, a horse race is a method of deciding the next CEO by having several senior executives compete against each other for the role. Proponents say that it is an effective way to select the best candidate, and it can help build morale among the remaining employees. Ideally, the board and current CEO have a strong understanding of the capabilities of each executive, so that they can select the right individual for the job at hand.

While the horse race approach can have its merits, it is important to understand how it works and the risks involved. It is also important to ensure that the culture and organizational structure are compatible with this type of competition. For example, if an organization relies heavily on internal collaboration and resource sharing, an overt competition for the top job may not be in its best interests. In addition, the board should ensure that the current CEO is capable of overseeing the entire organization and ensuring its success. Otherwise, the company may be at a disadvantage in the future.