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SEM1 1.04 Product Service Management
Categories and characteristics of sport/event products
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Categories of sport/event products.
Sport Events Ones we participate in Ones watch/hear, in person/on TV, radio or internet Athletes or Entertainers Essential for sport events / without them there are no competitions
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Venues Fans are connected to them when: a. Colorful history
b. Special memories in community Madison Square Garden In New York Chicago Stadium in Chicago, IL
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Categories of sport/event products.
Non-sport events Concerts most popular Festivals Conventions Plays or Opera Sporting goods Equipment- bat, helmet, cleats Apparel – Running shorts, hats ,
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LICENSED MERCHANDISE Any product that bears the
name or logo of a sport team or league produced and Distributed by an authorized manufacturer. Clothing is huge. Also sold at non-sport events Examples: Video games Jackets Hats
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Sport media Sport mediums are sport/event products. Examples:
1) TV shows and networks 2) Web sites 3) Magazines 4) Newspapers 5) Radio broadcasts
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SPORT SERVICES Sport services Rented-goods services a. Lessons
b. Camps c. Fitness/recreation centers Rented-goods services Renting a product for a period of time Examples: 1) Renting jet skis for a day on the lake 2) Reserving a city softball complex for your league tournament
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SPORT SERVICES Owned-goods services Repair or change a product you own
Example: 1) Pay for tennis racket to be restrung
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Goods vs. Services Consistency of Goods
1) Quality of a good every time you buy it 2) Example: a) Adidas sweatshirts are comfortable all the time b) If it’s a defect, exchange it The Trefoil Hoody in Bloom Women’s Sweatshirts By adidas
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Goods vs. Services Rock band Good Charlotte gives 1
Consistency of Services Harder to guarantee over time. Customer Service can be inconsistent 2) Example: Rock band Good Charlotte gives 1 good concert and 2 bad concerts In Charlotte
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Goods vs. Services If product is inconsistent, market product
elements you can control. Prices: Group sales; discounts Atmosphere: Comfort seating; jumbo scoreboard Pregame and half-time shows
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Goods vs. Services Separability -A product’s ability to be considered apart from its provider. Example: Justin Timberlake’s new CD. Do you care were you buy it? You’re able to separate the good from the provider. Perishability – Able to store the product. Goods can be stored, services can not. Justin Timberlake’s concerts are perishable.
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Q&A Explain the concept of perishability.
Explain the concept of separability. Is it difficult to separate a service from its provider? Give examples if times they have experienced this with sport/event products.
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Goods vs. Services Sport/event products can be both goods and services. For example: Join Planet Fitness you get service. You can buy sport drinks; snacks; bags and equipment
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Characteristics of sport/event products.
Branding The overall impression consumers get from it’s unique name, design or symbol. Characteristics of a good brand: Easy to recognize Stick out from competition Easily recognizable symbols It’s own personality T
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Product Name Products names should be: I. Positive II. Memorable
III. Consistent with product’s desired image
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LOGOS Marketers brand products through logos and trademarks
Meant to be recognizable by consumers. Example:
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Brand Image Over time, brand awareness turns into brand image.
Brand image is the product’s “personality.” Example: In consumers’ mindsets, Nike symbolizes both athleticism and personal empowerment.
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Brand Loyalty Marketers want their products to have a loyal, long-lasting consumer following. Research indicates that our loyalty to specific sport teams is greater than our loyalty to any other products we consume.
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Unique characteristics of sport/event products.
Quality Consumers look for quality in areas of: Performance Durability Design Reliability Assurance Responsiveness Features
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Quality Both goods and services can be evaluated for quality. Areas such as: • Performance • Serviceability • Features • Durability • Reliability • Design
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In services, consumers look for quality in: • Reliability: can I depend on the service provider? • Tangibles: how do the venue, equipment, and personnel look? • Assurance: are the employees courteous and trustworthy?
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Responsiveness: are the employees helpful and prompt
Responsiveness: are the employees helpful and prompt? • Empathy: how much individual attention will I receive from the service provider?
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