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Fundamentals of
Sport Marketing
Chapter 7
The Marketing Mix and the Sport Business
Industry 11
22
Company
Research & Information Collection
Company Mission & Goals
Consumer Competitor Climate
Segmentation
Target Market Decisions
Sport Marketing Mix Decisions & Strategies
Marketing Management Strategies
Implementation –
Management – Evaluation – Adjustment
The Sport Marketing Management Model
PriceProduct Place Promotion
Figure 3.3 The Sport Marketing Management Model
33
Company
Research & Information Collection
Company Mission & Goals
Consumer Competitor Climate
Segmentation
Target Market Decisions
Sport Marketing Mix Decisions & Strategies
Marketing Management Strategies
Implementation –
Management – Evaluation – Adjustment
The Sport Marketing Management Model
PriceProduct Place Promotion
Figure 3.3 The Sport Marketing Management Model
Marketing Mix
The Marketing Mix is the strategic combination (mix) of four
elements called the 4 P’s: product, price, place, promotion
Creation of the marketing mix involves the process of
developing or discovering the right combination of the 4
P’s
At the heart of the decision-making process is the research
conducted and knowledge gained about the consumer, the
competition, the company, and the climate
44
Constant monitoring of the
4 C’s:
Consumer
Competitor
Company
Climate
Constant monitoring to keep the right
mix of the 4 P’s:
Product
Place
Price
Promotion
Change in the Marketplace Requires:
55
66
Marketing Mix
The marketing mix elements are interrelated. Each element
affects the others. The sport business professional must
develop the optimal combination of the elements.
Every decision should be an INFORMED and
EDUCATED decision based on research.
The primary strategy in designing the marketing mix is to
customize the elements for a specific consumer market until
the optimal mix is found.
Product
Price
Place
Promotion
77
88
The Marketing Mix: The Four
P’s
Marketing MixMarketing Mix
PromotionPromotionPlacePlace
PricePriceProductProduct
What you have
created for the
consumer.
Exchange
agreement with
the consumer.
Getting the
product to the
consumer.
Communication
to/with the
consumer.
99
Figure 7.3
1010
The consumer is looking for
the right product,
at the right price,
at the right place,
and is influenced by the right promotional
strategy.
1111
Marketing MixMarketing Mix Product
I wantProduct
I want Price I
want
Price I
want Place
I want
Place
I want Promotions
I wantPromotions
I want
1212
Product Price Place Promotion
 Features
 Accessories
 Installation
 Instructions
 Service
 Warranty
 Product lines
 Packaging
 Branding
Objectives
 Flexibility
 Product life
cycle
 Geographic
terms
 Discounts
 Allowances
 Objectives
 Channel type
 Market exposure
 middlemen
 Kinds and
locations of stores
 transporting and
storing
 Service levels
 Recruiting
middlemen
 Managing
channels
 Objectives
 Promotion blend
 Sales people
Kind
Number
Selection
Training
Motivation
 Advertising:
Targets
Kind of ads
Media type
Copy thrust
Prepared by
whom
The Marketing Mix
1313
Figure 7.5
1414
Company
Research & Information Collection
Company Mission & Goals
Consumer Competitor Climate
Segmentation
Target Market Decisions
Sport Marketing Mix Decisions & Strategies
Marketing Management Strategies
Implementation –
Management – Evaluation – Adjustment
The Sport Marketing Management Model
PriceProduct Place Promotion
Figure 3.3 The Sport Marketing Management Model
Fundamentals of
Sport Marketing
Chapter 7
The Marketing Mix and the Sport Business
Industry
End... Questions?
1515
1616

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Sport Marketing Chapter 7 before

  • 1. Fundamentals of Sport Marketing Chapter 7 The Marketing Mix and the Sport Business Industry 11
  • 2. 22 Company Research & Information Collection Company Mission & Goals Consumer Competitor Climate Segmentation Target Market Decisions Sport Marketing Mix Decisions & Strategies Marketing Management Strategies Implementation – Management – Evaluation – Adjustment The Sport Marketing Management Model PriceProduct Place Promotion Figure 3.3 The Sport Marketing Management Model
  • 3. 33 Company Research & Information Collection Company Mission & Goals Consumer Competitor Climate Segmentation Target Market Decisions Sport Marketing Mix Decisions & Strategies Marketing Management Strategies Implementation – Management – Evaluation – Adjustment The Sport Marketing Management Model PriceProduct Place Promotion Figure 3.3 The Sport Marketing Management Model
  • 4. Marketing Mix The Marketing Mix is the strategic combination (mix) of four elements called the 4 P’s: product, price, place, promotion Creation of the marketing mix involves the process of developing or discovering the right combination of the 4 P’s At the heart of the decision-making process is the research conducted and knowledge gained about the consumer, the competition, the company, and the climate 44
  • 5. Constant monitoring of the 4 C’s: Consumer Competitor Company Climate Constant monitoring to keep the right mix of the 4 P’s: Product Place Price Promotion Change in the Marketplace Requires: 55
  • 6. 66
  • 7. Marketing Mix The marketing mix elements are interrelated. Each element affects the others. The sport business professional must develop the optimal combination of the elements. Every decision should be an INFORMED and EDUCATED decision based on research. The primary strategy in designing the marketing mix is to customize the elements for a specific consumer market until the optimal mix is found. Product Price Place Promotion 77
  • 8. 88
  • 9. The Marketing Mix: The Four P’s Marketing MixMarketing Mix PromotionPromotionPlacePlace PricePriceProductProduct What you have created for the consumer. Exchange agreement with the consumer. Getting the product to the consumer. Communication to/with the consumer. 99 Figure 7.3
  • 10. 1010
  • 11. The consumer is looking for the right product, at the right price, at the right place, and is influenced by the right promotional strategy. 1111 Marketing MixMarketing Mix Product I wantProduct I want Price I want Price I want Place I want Place I want Promotions I wantPromotions I want
  • 12. 1212
  • 13. Product Price Place Promotion  Features  Accessories  Installation  Instructions  Service  Warranty  Product lines  Packaging  Branding Objectives  Flexibility  Product life cycle  Geographic terms  Discounts  Allowances  Objectives  Channel type  Market exposure  middlemen  Kinds and locations of stores  transporting and storing  Service levels  Recruiting middlemen  Managing channels  Objectives  Promotion blend  Sales people Kind Number Selection Training Motivation  Advertising: Targets Kind of ads Media type Copy thrust Prepared by whom The Marketing Mix 1313 Figure 7.5
  • 14. 1414 Company Research & Information Collection Company Mission & Goals Consumer Competitor Climate Segmentation Target Market Decisions Sport Marketing Mix Decisions & Strategies Marketing Management Strategies Implementation – Management – Evaluation – Adjustment The Sport Marketing Management Model PriceProduct Place Promotion Figure 3.3 The Sport Marketing Management Model
  • 15. Fundamentals of Sport Marketing Chapter 7 The Marketing Mix and the Sport Business Industry End... Questions? 1515
  • 16. 1616