Preview

2013 Assignment 4 P S

Good Essays
Open Document
Open Document
1020 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
2013 Assignment 4 P S
SEA 120 Sports and Event Marketing 1
4 “P”’s of general marketing and the 4 “P”’s of the “sports marketing mix”
Traditional four "P"'s of general marketing: Product, Price, Promotion and Place, another four "P"’s are added to sport marketing: Planning, Packaging, Positioning and Perception. The addition of the four extra elements is called the "sport marketing mix.”

Task:
In teams of 4-5 members, choose a sporting brand (consumer product or service). Consumer product examples: Nike, Adidas, P&G, Visa, McDonalds. Consumer service examples: FedEx, UPS, Remax See attached sample list.
Complete the following:
1. Create a mental map of this brand (please refer to Nike example discussed in class) that identifies the “top-of-mind” images or associations your team has of this brand. A mental map is a list of abstract associations that consumers equate with a brand. To create your brand mental map, answer this question, “When you think of this brand, what images come to mind – ie: colours, symbols, personality traits, etc.?”
a. How similar are these associations among the members of your team? For comparison purposes, can you think of a brand that is non-descript, has no clear associations or image) such as a lesser know, weak brand)?
2. Research your choice online and from your own perspective
3. Identify and analyse the 4P’s of the Marketing Mix.
4. Based on your research and assessment, from a fans’ perspective, assess how the 4P’s from the “Sports Marketing Mix” be interpreted?
Backgrounder:
Marketing is a process of determining a consumer’s needs, devising a product or service to satisfy those needs, and trying to focus customers on the goods and services you are offering. Marketing is extremely important, and a fundamental building block for business growth. A marketing team is given the task of creating customer awareness

You May Also Find These Documents Helpful

  • Good Essays

    In the modern world, it is essential for businesses to know about the markets they serve , so that they can work to serve these better. Marketing is the whole process of finding out what customers need or want, continually striving to meet their requirements in full and to relate products to these requirements.…

    • 918 Words
    • 4 Pages
    Good Essays
  • Better Essays

    In my own words marketing is doing what is possible to satisfy a customer by delivering a product that will keep them coming back for more. Marketing not only deals with the selling and advertising but also with satisfying customers need. Successful companies take into account the needs of the customers by not focusing solely on selling the product. When companies do this they are gaining loyal customers because they see that their needs are being tended too. Marketing is a process where companies create value for customers and build on that value which strengthens the relationship between the company and customers; this allows customers to see the value in the product offered.…

    • 1178 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Unit 3 P1

    • 1803 Words
    • 8 Pages

    Marketing is the process of communicating the value of a product or service to customers for the purpose of sales. It is a critical business function for attracting customers. Marketing activities and strategies result in making products available that satisfy customers whilst making profit.…

    • 1803 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    marketing

    • 872 Words
    • 4 Pages

    Question 2.2. (TCO C) Choose a specific brand (i.e., Coke, Nike, McDonalds, etc.). Using this brand as an example, describe what makes this a unique brand that is easily recognizable by consumers. What do you, as a consumer, think of when you see this brand logo? How would you describe a Brand? What roles do Brands play in the market and what signals success? (Points : 25)…

    • 872 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Being closer to consumers and providing exactly what they want is known as market orientation. JD Sports is a market-orientated business carries out research to find the needs and wants of consumers. It then uses the findings to design products and marketing strategies to satisfy these needs. This compares to product orientation which focuses first on developing a product and then seeks ways to persuade the consumer to buy it. They manage the balance of its marketing mix around its consumers’ needs in order to achieve business growth. JD Sports is a business to Consumer Company and therefore depends on how desirable its brands are to consumers. By providing exactly what the consumers want JD can outperform its competitors. They do this by using the 4P’s:…

    • 1221 Words
    • 5 Pages
    Good Essays
  • Better Essays

    The strategic sports marketing process includes the 5 P’s of marketing; price, place, product, promotion and public relations. While researching the New England Revolution, New York Red Bulls, New York Knicks and the Detroit Piston websites I found many similarities and differences with each team’s website.…

    • 1163 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Got Milk Essay

    • 1177 Words
    • 5 Pages

    2. Create your “brand image” of milk. What are the key associations of milk in the minds of consumers and how have you arrived at your answer?…

    • 1177 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Brand Audit

    • 623 Words
    • 3 Pages

    Your group assignment is to pick a brand from the list of brands(attached) and conduct a thorough brand audit. Each group must study and analyze a different brand.…

    • 623 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Sports Marketing

    • 353 Words
    • 2 Pages

    * What are the effects of advertising type and antecedents on attitude towards advertising in sport?…

    • 353 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Sports Marketing

    • 2024 Words
    • 9 Pages

    Marketing plans and strategies are an important part of almost any business today. One of the biggest industries marketing plans have benefited and changed in a number of different ways is the sports industry. The development of the sports marketing industry has led companies to invest millions of dollars to have their product associated with specific teams, players, and sporting events attempting to connect with consumer and create profit for both parties involved. The money involved in sports marketing calls for these sponsorships and endorsement decisions to be made both strategically and confidently. After researching the sports industry from a business perspective the importance of marketing decisions is realized. Business decisions also can directly impact the success or lack thereof for many franchises, players, and brands around the world.…

    • 2024 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    nd Shank M (1999). Sports marketing: A strategic perspective 2 edn. New Jersey: Prentice Hall. nd Shank M (2002). Sports marketing: A strategic perspective 2 edn. New Jersey: Prentice Hall.…

    • 4478 Words
    • 18 Pages
    Powerful Essays
  • Better Essays

    This report research and analyse marketing environment for the London Olympic Games for 2012, using set of tools known as marketing mix. This paper is referred to 4P’s: product, price, promotion, place and their importance for the London Olympics.…

    • 2265 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    Marketing is about connecting with customers, serving the needs of society, and accomplishing the goals of the organization. Through customer satisfaction marketing creates the customer loyalty necessary to reach an organization's objectives. Marketing works by creating valuable exchanges that provide consumer satisfaction (Kotler et al, 2001: 9). All of these purpose could be obtained by following the marketing strategy process which has four steps - analyzing marketing opportunities, selecting target markets, developing the marketing mix, and managing the marketing effort (Kotler et al, 2001: 65).…

    • 2944 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Correspondance Analysis

    • 626 Words
    • 3 Pages

    Brand mapping is often used in brand research by placing products and attributes together on a map. This allows close interpretation of company perceptions with a variety of product and service attributes simultaneously. (See Figure 1)…

    • 626 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    лщззз

    • 1514 Words
    • 6 Pages

    This unit looks at the importance of brands and some of the challenges they face.…

    • 1514 Words
    • 6 Pages
    Good Essays

Related Topics