Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All...

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Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All rights reserved.

Transcript of Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All...

Page 1: Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All rights reserved.

Sports and Entertainment Marketing

The Marketing Mix

 Copyright © Texas Education Agency, 2011. All rights reserved.

Page 2: Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All rights reserved.

Copyright and Terms of Service

Copyright © Texas Education Agency. The materials found on this website are copyrighted © and trademarked ™ as the property of the Texas Education Agency and may not be reproduced without the express written permission of the Texas Education Agency, except under the following conditions: 1) Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the

Materials and Related Materials for the districts’ and schools’ educational use without obtaining permission from the Texas Education Agency;

2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual personal use only without obtaining written permission of the Texas Education Agency;

3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way;

4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable charge to cover only the cost of reproduction and distribution may be charged.Private entities or persons located in Texas that are not Texas public school districts or Texas charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas MUST obtain written approval from the Texas Education Agency and will be required to enter into a license agreement that may involve the payment of a licensing fee or a royalty fee.

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Page 3: Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All rights reserved.

Product Complex blending of tangible and intangible

parts tangible parts-physical features that can be seen

and felt intangible parts-nonphysical service features

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Page 4: Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All rights reserved.

Product Mix Product’s final form and total assorted

features (brand, name, various products offered under the brand, and packaging)

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Page 5: Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All rights reserved.

Product Extension Items added to a product to make it more

attractive to the target market, including guarantees, warranties, and instructional information

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Page 6: Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All rights reserved.

Basic vs. Enhanced Product Athletic shoes are a basic product constructed

for support and safety to avoid injuries during sports.

Cross-trainer shoes are enhanced running shoes that are good for walking, hiking, running, biking, and other amateur sports.

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Page 7: Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All rights reserved.

Basic vs. Enhanced Product Basic seating may be the bleacher seats in the

end zone with no back supports. Product enhancements would include

individual seats with back supports located on the 50-yard line and seats located in an air-conditioned suite or sky box.

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Page 8: Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All rights reserved.

Product Line Group of similar products with slight variations to

satisfy different needs of consumers. Soft drinks (regular, caffeine free, diet) Television sets from 5-inch screens to 60-inch

screens Travel packages ranging from weekend getaways to

vacations that last a week or longer

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Page 9: Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All rights reserved.

Packaging Ease of use Safety Consumer attraction Accessibility Environmental friendliness

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Page 10: Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All rights reserved.

Brand Name, symbol, word, design, or combination

of these elements that identifies a product, service, or company

Trademark-the legal protection of words and symbols used by a company

Licensed brand-well-known name and/or symbol established by one company and sold for use by another company to promote its products

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Page 11: Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All rights reserved.

Levels of Brand Recognition Non-recognition Rejection Recognition Preference Insistence

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Page 12: Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All rights reserved.

The Product Life Cycle Introduction Stage Growth Stage Maturity Stage Decline Stage

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Page 13: Sports and Entertainment Marketing The Marketing Mix Copyright © Texas Education Agency, 2011. All rights reserved.

Positioning a Product Differentiating the company’s products or services

from its competitors’ products or services Involves status, price, brand recognition, and other

factors Making comparisons to the competition to point out

differences in the products Celebrity endorsements (NIKE-Michael Jordan)

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