Stadium Naming
In the past century, professional sports have gone from pastime to big-time business. The uses of stadium naming rights have allowed companies to increase brand awareness and create a positive brand identity, key attributes for profitable companies. With thousands of people attending stadium events and millions more watching on television each year, the value of stadium naming deals is unquestionable. By bidding for the right to change the Oakland Arena to the Hansen Arena, Hansen Natural is not making just a deal, but rather a sound investment. Hosting events ranging from professional sports to famous music concerts, stadiums have great potential to become the focal point of a city. In a survey by Performance Research, 61% of the people believed facilities named after corporations add favorably to the community. With effective relationship marketing, companies can utilize stadiums to create a positive brand identity among the surrounding community, a determining factor in the consumer stage of purchase-decisions. However, undertaking stadium sponsorship without considering the needs of clubs or fans would appear to be a "cold-hearted attempt to buy a company's way into
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the sport."1 Thus, using a promotional mix that targets sports fans and athletes would contribute towards Hans Natural gaining the support of the Bay Area community. In a time when many firms are competing to break through the "clutter," brand awareness has become a prevalent factor for the growth of a firm with stadium naming at the forefront.
In urban areas such as Chicago, nearly 90% of the people correctly named stadium sponsors without aid.2 Initially an anonymous firm, 3Com, makers of the now widespread Palm handhelds, became the first tech firm to purchase stadium-naming rights. Despite some traditionalists favoring the more habitual Candlestick Park, 3Com solidified itself as a consumer company. "The value of a dealas measured against the cost of the same amount of media exposure if it came from paid advertisingshoots up when a game is televised nationally."3 With the Golden State Warriors, Oakland Arena provides this opportunity for Hansen
Natural. Due to the growing number of stadium name changes, many opposing views have arisen. In some cities, fans have refused to adopt a new name for heritage reasons or the frustration of numerous name changes. However, the Oakland Arena has remained nameless since development. A sponsorship would help revitalize the stadium and draw in more people. Another concern is that the detrimental image caused by association with an underachieving sports team. Who would want their company to be linked with a perennial loser? In Oakland though, the Golden State Warriors was the most improved NBA team during 2003. Associating itself with a rising team would allow Hansen Natural to differentiate itself similarly as a firm on the rise. Just buying the naming rights alone will not ensure success of this promotional expenditure. There must be further advertising through an attractive promotional mix. Stadium events and ticket sales promotions would one of several mediums to market the stadium name change. Increasing stadium events attendance and awareness allows the company to position itself for better brand awareness among consumers. Public service and events should also not be forgotten in the marketing agenda. In order to minimize risk of failure of this sponsorship, Hansen Natural cannot expect success, but devote further promotion resources to attain it. The rising numbers in corporate named stadiums is just one piece of evidence that the clear value of constructive brand identity and brand awareness. In one sporting event alone, the Hansen Natural brand would be promoted dozens of times through a variety of channels. By buying the Oakland Arena naming rights, Hansen Natural would not so much be taking a risk, but rather making the essential decisions to secure old consumer clients and attract new onescrucial for gaining market shares against the likes of Coca-Cola and Pepsi. 1 Knight, Mark. Performance Research Europe UK.
2 "Naming Rights, Naming Wrongs."
3 Schrek, Tom. "What's In Name? When it comes to stadium name rights "
the sport."1 Thus, using a promotional mix that targets sports fans and athletes would contribute towards Hans Natural gaining the support of the Bay Area community. In a time when many firms are competing to break through the "clutter," brand awareness has become a prevalent factor for the growth of a firm with stadium naming at the forefront.
In urban areas such as Chicago, nearly 90% of the people correctly named stadium sponsors without aid.2 Initially an anonymous firm, 3Com, makers of the now widespread Palm handhelds, became the first tech firm to purchase stadium-naming rights. Despite some traditionalists favoring the more habitual Candlestick Park, 3Com solidified itself as a consumer company. "The value of a dealas measured against the cost of the same amount of media exposure if it came from paid advertisingshoots up when a game is televised nationally."3 With the Golden State Warriors, Oakland Arena provides this opportunity for Hansen
Natural. Due to the growing number of stadium name changes, many opposing views have arisen. In some cities, fans have refused to adopt a new name for heritage reasons or the frustration of numerous name changes. However, the Oakland Arena has remained nameless since development. A sponsorship would help revitalize the stadium and draw in more people. Another concern is that the detrimental image caused by association with an underachieving sports team. Who would want their company to be linked with a perennial loser? In Oakland though, the Golden State Warriors was the most improved NBA team during 2003. Associating itself with a rising team would allow Hansen Natural to differentiate itself similarly as a firm on the rise. Just buying the naming rights alone will not ensure success of this promotional expenditure. There must be further advertising through an attractive promotional mix. Stadium events and ticket sales promotions would one of several mediums to market the stadium name change. Increasing stadium events attendance and awareness allows the company to position itself for better brand awareness among consumers. Public service and events should also not be forgotten in the marketing agenda. In order to minimize risk of failure of this sponsorship, Hansen Natural cannot expect success, but devote further promotion resources to attain it. The rising numbers in corporate named stadiums is just one piece of evidence that the clear value of constructive brand identity and brand awareness. In one sporting event alone, the Hansen Natural brand would be promoted dozens of times through a variety of channels. By buying the Oakland Arena naming rights, Hansen Natural would not so much be taking a risk, but rather making the essential decisions to secure old consumer clients and attract new onescrucial for gaining market shares against the likes of Coca-Cola and Pepsi. 1 Knight, Mark. Performance Research Europe UK.
2 "Naming Rights, Naming Wrongs."
3 Schrek, Tom. "What's In Name? When it comes to stadium name rights "