Lord Coe said if he were to be elected to lead world athletics' governing body, it would be for the sport to decide what events would be included at the Olympics, adding: "I see no good reason why the sport would want to get rid of shotput.
"It's not about jettisoning our history and traditions and saying 'well race-walking has got to go and shotput has to go because their moment may have been' - that's a decision for the sport to take.
"Before we make those decisions and if we are wanting to shape the sport in a way that captures the imagination of young people, we've got to spend a great deal more time understanding young people."
Making athletics relevant to young people and recognising that sport is now largely in the entertainment business is the key to "making people fall in love with our sport again", Lord Coe believes.
"It's the sport's responsibility to explain much more about athletics and maybe for younger people, that athletics contains all the physical literacies that you're going to need in virtually any sport barring swimming - unless it goes horribly wrong in the steeplechase," he joked.
While Lord Coe is facing strong competition for the IAAF presidency from Olympic pole vault gold medallist Sergey Bubka in the election, he said he was not seeking any assurances that Athletics NZ would vote for him in August.
"With track and field we have five continents with massively varying challenges and I don't think you can possibly say, 'Well, I'm standing for office, I want to represent 213 federations,' without taking the time and effort and energy to meet with those federations and actually understand first hand how they are delivering the sport."