CONTIGENCY FRAMEWORK FOR STRATEGIC SPORTS MARKETING

Slides:



Advertisements
Similar presentations
Strategic Planning and the Marketing Process
Advertisements

Example Case Analysis Western Chain Saw. Steps in Analyzing Case Analyze and Record the Current Situation –Threats, Opportunities –Strengths, Weaknesses.
Strategic Planning and the Marketing Management Process
Strategic Planning and the Marketing Process
1 Marketing Plan Project Portland State University Working With Customers For Business Minors Winter Quarter 2007.
Strategic Planning and the Marketing Process
Strategic Management Framework
Strategic Planning and the Marketing Process
Strategic Planning ORGANIZATIONAL CAPABILITIES AND GOALS
4 P’s of Marketing.
Marketing & Strategy Chapter 2.
1 FORMULATING SERVICE STRATEGY Strategy formulation process. SWOT Mgt. 339 –External factors: Economy, Social, Political/legal, technology, International.
Copyright  2004 McGraw-Hill Australia Pty Ltd PPTs t/a Marketing 4/e by Quester, McGuiggan, Perreault and McCarthy 2–1 Part 1: Marketing strategy and.
1 2. Strategic Planning & The Marketing Process. 2 What Is Planning Establish objectives Determine how to accomplish them regardless of what happens in.
MR1100 Linking Marketing to Corporate Strategies
CHAPTER 2 Strategic Planning and the Marketing Environment
1-1 Strategic Planning and the Marketing Management Process Chapter 1 McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights.
Strategic Planning: Making Choices in a Dynamic Environment
Strategic Planning and the Strategic Marketing Process.
MARKETING PLAN ELEMENTS OF MARKETING PLAN PROCESS OF MARKETING PLANNING MARKET PLAN REPORT.
Sports Marketing: A Strategic Perspective
Marketing & Strategy Chapter 2. Strategic Planning What is it? What is it? “The managerial process of creating and maintaining a fit between organizational.
Chapter 11: Marketing. Marketing  Process for creating, communicating, delivering offerings that have value for customer.
1 Business and Marketing Strategies
Chapter 1 The Nature of Strategic Management
INTERNATIONAL MARKETING Gizem KILIÇ Industrial Engineering Department, Dokuz Eylül University, Turkey.
© Prentice Hall, 2005Excellence in Business, Revised Edition Chapter Fundamentals of Marketing, Customers, and Strategic Marketing Planning.
Principles and Practice of Marketing David Jobber Chapter 2 Market Planning: An Overview of Marketing.
Linking Marketing to Corporate Strategies
Copyright 2000 Prentice Hall2-1 Chapter 2 Strategic Planning: Making Choices in a Dynamic Environment.
Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved. Introduction to Marketing.
Managerial Marketing MAR 331 Principles and Concepts of Mktg Case Method Group and Individual Cases.
Marketing 333 Introduction to Marketing Chapter 18 Developing Innovative Marketing Plans.
Marketing Overview. What is (are) marketing’s role(s) in the organization? What problems occur for an organization that does not “Market” well?
Defining markets and marketing environment Adapting to the new market economy.
Chapter 5: Strategizing Learning Objectives  See how strategy fits in the P-O-L-C framework  Discuss the concept known as SWOT  Understand how strategies.
Chapter 2 Strategic Planning and the Strategic Marketing Process.
Global Marketing Management: Planning & Organization Chapter 11.
CHAPTER 2 LINKING MARKETING AND CORPORATE STRATEGIES.
Sport Marketing KINE 2380 Introduction to Sport Administration.
Chapter 1 – Overview of BANKING MARKETING. MARKETING CONCEPT A situation where buyers and sellers of a commodity or service interact. Coming together.
Strategic Marketing, 3rd edition
McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved.
Chapter 1 Consumer Behavior and Marketing Strategy.
The 1970s: Adaptation versus Standardization
IMS 554 INFORMATION MARKETING for INFORMATION SYSTEMS DEPARTMENT CHAPTER 2 PRINCIPLES of MARKETING Pn Hasnah Hashim Lecturer Faculty of Information Management.
Lesson 2 – Market Segmentation and Marketing Mix.
Target Market - Review What is a market? ◦ People who share similar needs and wants and have the ability to purchase a given product are a market What.
Framework for Strategic Sports Marketing HSS 3000/5263 Sport Marketing Dr. Brian Turner.
Chapter 2 Marketing Strategy: Partnering to Build Customer Relationships.
Chapter 2 Strategic Marketing Management. Objectives To recognize the interacting components of the marketing management process To appreciate the core.
Managing Budgets. Question 2: total planning and operational variances Suppose a budget is prepared which includes a raw materials cost per unit of product.
Strategic Planning and the Marketing Process
MISSION Strategy Opportunities Objectives Targets Change Environment
Connecting with Customers: The Art and Science of Marketing
Standard 1 – World of Marketing What You’ll Learn . . .
CONTINGENCY FRAMEWORK (应变框架) FOR STRATEGIC SPORTS MARKETING
CONSUMER BEHAVIOR Building Marketing Strategy
Developing a Business Plan for your Agricultural Operation
Chapter 2.
© Prentice Hall, 2007Excellence in Business, 3eChapter Connecting with Customers: The Art and Science of Marketing.
Marketing & Sales Strategy & Planning.
EXTERNAL AND INTERNAL CONTINGENCIES
International Marketing
What is a Marketing Strategy?
CHAPTER 7 PLANNING.
Marketing Is All Around Us
Arc’teryx By Philippe Dionne.
Chapter 1 Marketing Defined.
Presentation transcript:

CONTIGENCY FRAMEWORK FOR STRATEGIC SPORTS MARKETING CHAPTER 2 CONTIGENCY FRAMEWORK FOR STRATEGIC SPORTS MARKETING

Overview of the Contingency Framework for Strategic Sports Marketing Foundation of any sports organization is to design and maintain a sound, yet flexible strategic framework Strategic framework that is suited to the sports industry is the contingency framework. Why? Flexible and adaptable to changes in the marketing environment

Contingency Framework for Strategic Sports Marketing Planning 1. Understanding Consumers’ Needs a. Marketing Research b. Consumers as Participants c. Consumers as Spectators 2. Market Selection Decisions a. Market Segmentation b. Target Markets c. Positioning 3. Marketing Mix Decisions a. Sports Products b. Pricing c. Promotion d. Place Implementation Control fit fit EXTERNAL CONTINGENCIES Competition Legal/Political Demographics Technology Culture Physical Environment Economy INTERNAL CONTINGENCIES Organizational Vision Organizational Mission Organizational Objectives & Mktg Goals Org Strategy Org Culture

THE STRATEGIC MARKETING PROCESS A. THE PLANNING PHASE STEP 1: UNDERSTANDING CONSUMERS’ NEEDS 1. Marketing Research 2. Consumers as Participants 3. Consumers as Spectators STEP 2: MARKET SELECTION DECISIONS 1. Segmentation Alternative 2. Target Markets 3. Positioning STEP 3: MARKETING MIX B. THE IMPLEMENTATION PHASE C. THE CONTROL PHASE

Activities Associated with Implementation Organizing Leadership and Interaction Resource Acquisition and Allocation Coordination and Timing of Activities Information Management

Control Phase Sales Analysis Profitability Analysis Customer Satisfaction Marketing Audit