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R2 - MAN7096 Sports Marketting & Sponsorship Revised
R2 - MAN7096 Sports Marketting & Sponsorship Revised
R2 - MAN7096 Sports Marketting & Sponsorship Revised
TABLE OF CONTENTS:
1. Sports Football
Manchester United
Competitors
Porters Five Model
Target Market for Sponsorship
Route to identification of sponsorship market
How to position sponsorship products in the Market
Communicating with sports market (Buckley, 2008)
Distribution channel with international sports marketing
SPORT: FOOT BALL
INTRODUCTION:
Football is one of the most common game played around the world.
In Football, a kick is all that is needed to the ball to make it touch the
net, once this happens; its considered as a Goal.
Football is one of the most watched game; and football industry is
also considered as a billion dollar industry (Buckley, 2008
TEAM: MANCHESTER UNITED
Its an English Football club
Based in Old Tress ford
MU plays in the premier league
It was founded in 1878
MU name was changed in 1902
MU won 19 leagues trophies
3 victories in European cups
COMPETITORS:
Substitute Products
PORTERS FIVE MODEL:
New Entrants
Threat
Substitute Product
Threat
MANCHESTER UNITED & THREAT OF NEW ENTRANTS:
New
Entrants Barriers to entries, Capital requirement, Cumulative Experience, Government Policies
Threat
Suppliers
Suppliers Size, Unique Suppliers Product, Substitute Product,
Bargaining
Buyers Customer Order, Price Sensitivity, Switching Cost, Substitute buyers ability
Bargaining
Substitute
Product Switching cost, Substitute Cost, Relative price performance
Threat
MU & Porters Five Model:
Traditional Competitors:
Liverpool Football Club:
Traditional competitors are as following.
LFC has a large number of loyal fans
Effective Marketing Strategy (Johns, 2009)
Sponsors:
Following companies are the sponsors of the LFC.
Standard Chartered Bank
Carlsberg
Candy
Revenue:
Net worth 533 million Pounds
Ever highest net worth while crossing half billion (Goldman & Johns, 2009).
MU & Porters Five Model:
Traditional Competitors:
Barcelona Football Club:
BFC is a Traditional competitor and rivalry against the Manchester United.
BFC is considered as one of the best club in Spain
It has a global brands marketing (Johns, 2009)
Sponsors:
Following companies are the sponsors of the LFC.
Qatar Foundation
UNICEG
NIKE
Revenue:
Net worth is 4.06 billion US dollar
Its known as the richest football club
TARGET MARKET FOR SPONSORSHIP:
Sponsorship Markets:
Sponsorship markets for the MU are as following.
International Banking Sectors
International footwear and apparel brands
International Air Lines
Retail Industry
Merchandizing (Goldman & Johns, 2009).
Route To Identification of Sponsorship Market:
Following questions would be asked to client for sponsorship of the Manchester United:
What is the target market of the organization?
What kind of actions are taken by the customer before purchasing?
What's about the experiences of sponsorship earlier made and their dynamics?
What are the expected sales outcomes of the coming year?
What would be your most important segment of the sponsorship and what should be
avoided?
PROPOSED PACKAGE ASSETS FOR SALE IN THE MARKET:
Following points are proposed to keep the relationship strong between service and
management of sponsorship (Thwaites, 2005).
To be remain in contact with the sponsoring organization
Planning of meeting with the sponsoring stakeholder organization
to overview the assets of the organization
STRATEGIES TO SOLICIT SPONSORS:
Understand
Understand what
what
you
you have
have to
to offer
offer
aa sponsor
sponsor
Research
Research your
your
Networking
Networking potential
potential sponsors
sponsors
Who
Who can
can Say
Say
Intermediaries
Intermediaries YES?
YES?
Where
Where do
do they
they
Get
Get on
on the
the phone!
phone! hang
hang out?
out?
PROCESS FOR SOLICITING SPONSORSHIP
Following steps are used in the process of soliciting sponsorship (Meenaghan, 1991).
Comprehension of organizational funds needs
Recognition of a specific event for raising funds
Outline of financial needs
Proposal regarding explaining goals and needs for soliciting sponsorship
Follow-up of sponsorship (Meenaghan, 1991)
Building relationship with sponsors
Thanking note for successful organization of an event
Keeping in contact with partner sponsors for upcoming events
CHANNEL USED FOR SPONSORSHIP:
Following are the steps through which sponsorship services can be managed
(Shuman, 1987).
Audience
Contribution
Exposure
Experience
Lead value
Extra perks
HOW TO POSITION SPONSORSHIP PRODUCTS IN MARKET:
Promotional Strategies:
Following are the key determinants of promotional strategies to position sponsorship
products in the market (Shuman, 1987).
Communication through digitalization:
It includes Social Media and web content strategies
Personnel Relationship:
Engagement with the firm's leadership and management
Innovative ideas:
Exploring new and innovative concepts to reach out the global and local markets
COMMUNICATING WITH SPORTS MARKET:
FIFA SPONSORSHIP:
Following are the key sponsors of FIFA
Coca-Cola
Hyundai
Kia Motors
Adidas
VISA
DEVELOPMENT OF STRATEGIC PLAN:
m
Retailers outlet
Direct selling
Retailers outlet
Direct selling
Reach
Engagement
Time Frame Visitors
Mentions
Follower Growth
Audience Growth
Database/List Growth
MQL Scores
Localized or National Lead/Sales Lift
ENSURING SPONSORSHIP RECEIVE ROI: