Revenue Management and Pricing Case 1: The Springfield Nor’easters: Maximizing Revenues in the Minor Leagues Question 1: Based on the survey‚ we determine the accumulated percentage of customers’ willingness to pay at each price. Since the demand differs as the price changes‚ we want to see by which combination we can maximize our profit. Assuming the population is 100 people‚ we multiply the accumulated percentage and the price to estimate our revenue: Therefore we get our initial estimate of
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The Springfield Nor’easters: Maximizing Revenues in the Minor Leagues The Springfield Nor’easters Executive Summary Springfield‚ Massachusetts is the new location for the Nor’easters Class A minor league baseball team. The Nor’easters baseball team chose Springfield because of the advantage of having the distance from any major league game venue. The owner of the team‚ Jimmy Mercante‚ needs the Nor’easters to bring in enough revenue to be able to run itself‚ other than some fixed expenses
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Manager Bob Cortez and Board Directors A new Class A minor league baseball team called the Nor’easters is coming to Springfield‚ MA. News around town was that another professional sports team‚ the Falcons‚ was having trouble drawing revenue. Since the Nor’easters are a new team it’ll be challenging for them to draw fans. Springfield is located 90 miles away from Boston and is the third largest city in Massachusetts. Springfield had lost many high wage residents resulting in 3.6% drop in
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Case Study Springfield Nor ’easters: Maximizing Revenue May 20‚ 2014 Lashenda Beauharnais AMBA 650 section 9040 Professor Boyle TABLE OF CONTENTS I. CASE SUMMARY 3 II. KEY ISSUES 4 III. ANALYSIS AND EVALUATION 4 IV. RECOMMENDATIONS 7 Appendix A: REFERENCES 13 I. CASE SUMMARY Springfield is the third largest city in Massachusetts where the newly formed minor league baseball team‚ The Nor ’easters‚ was recently introduced. The Nor ’easters baseball season is set to
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The Springfield Nor’easters: Maximizing Revenues in the Minor Leagues Case Analysis Grace Chan 996834207 Date Submitted: November 4th‚ 2010 Date Due: November 4th‚ 2010
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reading the case study on The Springfield Nor’easters‚ there are some key issues that really stuck out. The main issue was that Larry Buckingham‚ who was the marketing director for the Nor’easters‚ had to figure out how to sell season tickets‚ regular tickets‚ and merchandise at their games. The Nor’easters were set to take their home field in Springfield Massachusetts‚ which is about 90 miles west of Boston. This in itself makes it difficult to sell tickets to minor league baseball games as the Red
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is that of the customer profile about 39% of the population would be willing to go to at least one game a year. This allows the conclusion to be drawn that 21‚582 people will at least come once in the season. Buckingham needs at least 50% of the Springfield population to attend at least one game throughout the season to break even. Furthermore the research shows an good indicator of what customers are willing to pay for a ticket. Most customers are not willing to pay higher for premium seating and
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Revenue Management and Pricing Case1 Group1 Case Summary Springfield Nor’easters was a new Class A minor league baseball team‚ which would start the first season in June 2009. The marketing director‚ Larry Buckingham‚ had to design the price scheme for the new season. Springfield was the third largest city in Massachusetts with 55‚338 residents and around 60% of the households were families with children below 18. However‚ Springfield offered few spectator opportunities for sports fans‚ the
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Minor League baseball is much simpler form of baseball than what a lot of people watch on TV at the major league level. Minor league baseball is more of a local business due to their local popularity and finances. The recent problems with the economy have hit the Long Island Ducks very hard. I’m going to recommend three new strategies to implement this season to build business not only this season but in seasons to come. This season I would like to introduce Duck Nation. Duck Nation is a is a group
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Morales Springfield College Admissions Essay Within the first 5 minutes on the Springfield campus‚ on my way to the admissions tour‚ I came across a student who happened to be wearing New York Knicks apparel. We engaged in conversation about a previous nights game the Knicks played‚ as I happen to be a Knicks fan myself. A few minutes after arriving on campus‚ I felt like I had something in common with at least one person at Springfield College. Will Springfield be a good fit
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