sport marketing chapter 3 after
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TRANSCRIPT
Chapter 3
The Sport Marketing Process
What is Sport Marketing?
“Sport Marketing is the process of designing and
implementing activities for the production, pricing,
promotion, and distribution of a sport product to
satisfy the needs or desires of consumers and to
achieve the company’s objectives.”
(Pitts, B.G. & Stotlar, D.K. 2007. Fundamentals of Sport Marketing. F.I.T. Publishers.)
Where does Sport Marketing come from?
There is a need for highly specialized professionals
working in the sport business industry.
It’s a content area of the Sport Business
Management field of study.
Fundamental information and knowledge
Fundamentals of sport marketing are based on the research and foundational theory and research of several fields, combined with the knowledge of professionals in the industry
Segments of the Industry• Participation Sports• Spectatorial Sports Events• Sporting Goods• Sports Media – Print,
Broadcast, Electronic• Sponsorship• Athlete Management• Sports Tourism and Travel:
Participation or Spectatorial
• Facility and Venue Design and Construction
• Licensing and Merchandising
• Sport Marketing Research• Web Sport Business• Sport Law Firms• Sport Event Management• Sports Medicine• Sport-Governing
Organizations• Advertising• Endorsement Management
Company
Research & Information Collection
Company Mission & Goals
Consumer Competitor Climate
Segmentation
Target Market Decisions
Sport Marketing Mix Decisions & Strategies
Marketing Management Strategies Implementation –
Management – Evaluation – Adjustment
The Sport Marketing Management Model
PriceProduct Place Promotion
Figure 3.3 The Sport Marketing Management Model
The 4 C’s
of Sport
Marketing:
What the sport
business needs
to study
Consumer: demographicspsychographicsgeography & geodemographicspurchase behaviorproduct usebehavioralistic
Company: mission & objectives brand strength market share financial resourceshuman resources competitive advantage marketing mix strategies
Competitor: the industry and marketplacecompetitors databrand strength market sharetrends financial strengthpositioning competitive advantage
Climate: economiclegalsocial and culturalpoliticalethicaltechnologicaleducationcommunitycorporate
Source: Pitts & Stotlar, 2007
Consumer
Behavioralistic
Geography
PsychographicsDemographics
Product Use & Function
The consumer and factors that affect marketing strategies
The company and factors that affect marketing
COMPANY
strengthsweaknessespositioning
financemission
market share
Marketing mix strategies
The competitor and factors that affect marketing
COMPETITOR
strengthsposition
trendsindustry
market share
product/price/place/promotion
The climate and factors that affect marketing
CLIMATE
industry
education economic
political legal
socialmedia
communitytechnology
community
The 4 P’s of Marketing Mix Strategies
Marketing Mix
Promotion(Communication
with the consumer)
PlaceGetting the
product to the consumer)
Price(Exchange
agreement with the consumer)
Product(What you create
for the consumer)
Company
Research & Information Collection
Company Mission & Goals
Consumer Competitor Climate
Segmentation
Target Market Decisions
Sport Marketing Mix Decisions & Strategies
Marketing Management Strategies
Implementation – Management – Evaluation – Adjustment
The Sport Marketing Management Model
PriceProduct Place Promotion
Figure 3.3 The Sport Marketing Management Model