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There is some anecdotal evidence that focusing on improved coaching in the Laureus manner could make a difference.
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Winners were chosen by the 42 members of the Laureus World Sports Academy.
BBC: SPORT | Federer wins top sportsman prize
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American swimmer Michael Phelps was recognized with the Laureus Academy Exceptional Achievement Award, which was handed out for the first time.
CNN: Bolt, Ennis honored at Laureus awards
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Besides corporate partnerships, Laureus also funds after-school initiatives via individual donors and proceeds from for-profit endeavors, particularly its annual Laureus World Sports Awards.
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As well as his medals from Sydney and world record records, earlier this year Connor won the prestigious World Disability Sportsperson of the year at the Laureus Sports Awards.
BBC: SPORT | Other Sport | Paralympics | Connor out of Games
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According to a Laureus report released last October, successful sports projects in Germany, Italy and the United Kingdom have not only reduced youth violence, but also reduced costs to victims, police and prisons.
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However, I have never forgotten what sport has brought to my life and I greatly enjoy my roles working with sport, in particular with the Laureus Sport for Good Foundation and am honoured to be its Chairman in Germany.
FORBES: Can Sport make the World a better place?
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Since its founding in 2000 with backing from Swiss-based luxury good holding company Richemont, London-based Laureus Sport for Good Foundation has raised funds to support projects that improve the educational and athletic development of children around the world.
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Much has been made of the impact Ivan Lendl has had on Murray since becoming his coach in December 2011, but Bollettieri suggested Paul Annacone, who began working with Federer in August 2010, also deserves credit for persuading the four-time Laureus World Sportsman of the Year to adopt a more aggressive approach.
CNN: Federer 'is the greatest ever tennis player'