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CHAPTER 12 DISCUSSION QUESTIONS

1) Define sport marketing.
2) What serve as road maps or game plans for an organization's
marketing activities?
3) What elements make up the marketing mix?
4) What is important because it creates in people's hearts & minds a
reference, a set of criteria or guidelines by which they will govern
themselves?
5) What are general summary statements of expected outcomes?
6) What are the specific activities that enable the sport marketer to obtain
the expected outcomes?
7) What are the 4 elements of a SWOT analysis?
8) Effective communication practices consist of what 4 key elements?
9) State the elements of the branding process & define each.
10) Marketers should consider what 4 factors when developing a pricing
strategy?
MARKETING
-THE ACTIVITY, SET OF INSTITUTIONS, & PROCESSES FOR CREATING,
   COMMUNICATING, DELIVERING, & EXCHANGING OFFERINGS THAT
   HAVE VALUE FOR CUSTOMERS, CLIENTS, PARTNERS, & SOCIETY AT
   LARGE. (AMERICAN MARKETING ASSOCIATION)
-IT IS ABOUT FIGURING OUT WAYS TO DRUM UP SALES.


                       3 MAIN PURPOSES
1) BUILD AWARENESS.
2) BUILD ADOPTION.
3) BUILD LOYALTY.
BRAND LOYALTY


-A CUSTOMER’S COMMITMENT TO REPURCHASE A
   COMPANY’S PRODUCT/SERVICE.
-ACQUIRING A NEW CUSTOMER COSTS 5X MORE THAN
   KEEPING AN EXISTING CUSTOMER.


       FACTORS INFLUENCING BRAND LOYALTY


1) PERCEIVED VALUE
2) BRAND TRUST
3) SATISFACTION
MARKETING CONCEPT
-ACHIEVING ORGANIZATIONAL GOALS DEPENDS ON KNOWING THE NEEDS &
       WANTS OF OF TARGET MARKETS AND DELIVERING THE DESIRED
                           SATISFACTIONS.


TARGET MARKET
-”A GROUP OF CUSTOMERS WITH SIMILAR NEEDS THAT FORMS THE FOCUS
    OF A COMPANY’S MARKETING EFFORTS.”


-IF YOU ATTEMPT TO REACH EVERYONE, YOU WILL END UP REACHING NO
     ONE.


-MARKETING EFFORTS MUST BE PRECISELY FOCUSED ON THE GROUP(S) OF
   EXISTING & PROSPECTIVE CUSTOMERS WHO ARE MOST LIKELY TO BUY
   YOUR PRODUCTS/SERVICES.
DEMOGRAPHICS
-THE STATISTICAL CHARACTERISTICS OF HUMAN POPULATIONS USED TO
IDENTIFY MARKET SEGMENTS.
   -AGE           -INCOME
   -SEX           -EDUCATION
   -RACE        -EMPLOYMENT


                            PSYCHOGRAPHICS
-VARIABLES CLASSIFYING POPULATION GROUPS ACCORDING TO
PSYCHOLOGICAL VARIABLES.
   -INTERESTS
   -VALUES
   -LIFESTYLE
MARKETING IS ALSO ABOUT THE ART OF PERSUASION
Yawning is a surprisingly powerful act. Just by reading the two yawns in
the previous two sentences--and the two additional yawns in this
sentence--a good number of you will probably yawn within the next few
minutes. Even as I'm writing this I've yawned twice. If you're reading this
in a public place, and you've just yawned, chances are that a good
proportion of everyone who saw you yawn is now yawning too, and a
good proportion of the people watching the people who watched you
yawn are now yawning as well, and on and on, in a ever-widening,
yawning circle.

Yawning is incredibly contagious. I made some of you reading this yawn
simply by writing the word "yawn". The people who yawned when they
saw you yawn, meanwhile, were infected by the sight of you yawning--
which is a second kind of contagion. They might even have yawned if
they only heard you yawn, because yawning is also aurally contagious: if
you play an audio-tape of a yawn to blind people, they'll yawn too. And
finally, if you yawned as you read this, did the thought cross your mind--
however unconsciously and fleetingly--that you might be tired? I suspect
that for some of you it did, which means that yawns can also be
emotionally contagious. Simply by writing the word, I can plant a feeling
in your mind.
-THE TRUE ESSENCE OF MARKETING IS PERSUASION.
-THE ABILITY TO PERSUADE THE CUSTOMER INTO:
1) PARTING WITH ONE OF THEIR MOST PRIZED
   POSSESSIONS ($)
2) PURCHASING A PRODUCT/SERVICE THAT THEY MAY
   NOT KNOW THEY WANT.


-MARKETING = SELLING & IF YOU CAN’T PERSUADE THEN
  YOU CAN’T SELL.


              2 KEYS TO PERSUASION
1) SHOES: WALK IN YOUR CUSTOMER’S SHOES
2) EYES: SEE THROUGH YOUR CUSTOMER’S EYES.
“THE PROCESS OF DESIGNING & IMPLEMENTING ACTIVITIES FOR THE
 PRODUCTION, PRICING, PROMOTION, & DISTRIBUTION OF A SPORT
PRODUCT OR SPORT BUSINESS PRODUCT TO SATISFY THE NEEDS OR
     DESIRES OF CONSUMERS & TO ACHIEVE THE COMPANY’S
                       OBJECTIVES.”

                     SPORT MARKETING
WHAT SERVE AS ROAD MAPS OR GAME PLANS FOR AN
         ORGANIZATION’S MARKETING ACTIVITIES?


                    MARKETING PLAN

ESSENTIAL TO THE MARKETING SUCCESSOF SPORT ORGANIZATIONS

       WHAT ELEMENTS MAKE UP THE MARKETING MIX?
PRODUCT

A TANGIBLE GOOD, A SERVICE, OR AN INTANGIBLE QUALITY THAT SATISFIES
CONSUMERS’ WANTS OR NEEDS


PRICE

THE VALUE OF THE PRODUCT & THE COSTS THAT THE CONSUMER MUST
ACCEPT TO OBTAIN THE PRODUCT


PLACE

THE DISTRIBUTION CHANNELS THAT ALLOW CONSUMERS TO ACCESS OR
OBTAIN THE PRODUCT


PROMOTION

THE INTEGRATED COMMUNICATION & PUBLIC RELATIONS ACTIVITIES THAT
COMMUNICATE, INFORM, & MOTIVATE CONSUMERS TO PURCHASE THE
PRODUCT
WHAT IS IMPORTANT BECAUSE IT CREATES IN PEOPLE’S HEARTS & MINDS A
     SET OF CRITIERIA OR GUIDELINES BY WHICH THEY WILL GOVERN
                            THEMSELVES?

                        MISSION STATEMENT

ANSWERS 2 QUESTIONS

1) WHY DOES THE ORGANIZATION EXIST?

2) WHAT IS THE ORGANIZATION STRIVING TO ACHIEVE?
WHAT ARE GENERAL SUMMARY STATEMENTS OF EXPECTED
                    OUTCOMES?

                       GOALS

WHAT ARE THE SPECIFIC ACTIVITIES THAT ENABLE THE SPORT
    MARKETER TO OBTAIN THE EXPECTED OUTCOMES?

                     OBJECTIVES
WHAT ARE THE 4 ELEMENTS OF A SWOT ANALYSIS?
EFFECTIVE COMMUNICATION PRACTICES CONSIST OF WHAT 4 KEY
                       ELEMENTS?


1) OPEN & HONEST COMMUNICATION WITH THE PUBLIC

2) IMAGES & MESSAGES THAT ARE SOCIALLY RESPONSIBLE

3) COOPERATION WITH THE PUBLIC & RESPONSE TO THEIR
   INTERESTS

4) GOOD FAITH RELATIONSHIPS WITH THE PUBLIC

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Chapter 12 Marketing Discussion Questions

  • 1. CHAPTER 12 DISCUSSION QUESTIONS 1) Define sport marketing. 2) What serve as road maps or game plans for an organization's marketing activities? 3) What elements make up the marketing mix? 4) What is important because it creates in people's hearts & minds a reference, a set of criteria or guidelines by which they will govern themselves? 5) What are general summary statements of expected outcomes? 6) What are the specific activities that enable the sport marketer to obtain the expected outcomes? 7) What are the 4 elements of a SWOT analysis? 8) Effective communication practices consist of what 4 key elements? 9) State the elements of the branding process & define each. 10) Marketers should consider what 4 factors when developing a pricing strategy?
  • 2. MARKETING -THE ACTIVITY, SET OF INSTITUTIONS, & PROCESSES FOR CREATING, COMMUNICATING, DELIVERING, & EXCHANGING OFFERINGS THAT HAVE VALUE FOR CUSTOMERS, CLIENTS, PARTNERS, & SOCIETY AT LARGE. (AMERICAN MARKETING ASSOCIATION) -IT IS ABOUT FIGURING OUT WAYS TO DRUM UP SALES. 3 MAIN PURPOSES 1) BUILD AWARENESS. 2) BUILD ADOPTION. 3) BUILD LOYALTY.
  • 3. BRAND LOYALTY -A CUSTOMER’S COMMITMENT TO REPURCHASE A COMPANY’S PRODUCT/SERVICE. -ACQUIRING A NEW CUSTOMER COSTS 5X MORE THAN KEEPING AN EXISTING CUSTOMER. FACTORS INFLUENCING BRAND LOYALTY 1) PERCEIVED VALUE 2) BRAND TRUST 3) SATISFACTION
  • 4. MARKETING CONCEPT -ACHIEVING ORGANIZATIONAL GOALS DEPENDS ON KNOWING THE NEEDS & WANTS OF OF TARGET MARKETS AND DELIVERING THE DESIRED SATISFACTIONS. TARGET MARKET -”A GROUP OF CUSTOMERS WITH SIMILAR NEEDS THAT FORMS THE FOCUS OF A COMPANY’S MARKETING EFFORTS.” -IF YOU ATTEMPT TO REACH EVERYONE, YOU WILL END UP REACHING NO ONE. -MARKETING EFFORTS MUST BE PRECISELY FOCUSED ON THE GROUP(S) OF EXISTING & PROSPECTIVE CUSTOMERS WHO ARE MOST LIKELY TO BUY YOUR PRODUCTS/SERVICES.
  • 5. DEMOGRAPHICS -THE STATISTICAL CHARACTERISTICS OF HUMAN POPULATIONS USED TO IDENTIFY MARKET SEGMENTS. -AGE -INCOME -SEX -EDUCATION -RACE -EMPLOYMENT PSYCHOGRAPHICS -VARIABLES CLASSIFYING POPULATION GROUPS ACCORDING TO PSYCHOLOGICAL VARIABLES. -INTERESTS -VALUES -LIFESTYLE
  • 6.
  • 7. MARKETING IS ALSO ABOUT THE ART OF PERSUASION
  • 8. Yawning is a surprisingly powerful act. Just by reading the two yawns in the previous two sentences--and the two additional yawns in this sentence--a good number of you will probably yawn within the next few minutes. Even as I'm writing this I've yawned twice. If you're reading this in a public place, and you've just yawned, chances are that a good proportion of everyone who saw you yawn is now yawning too, and a good proportion of the people watching the people who watched you yawn are now yawning as well, and on and on, in a ever-widening, yawning circle. Yawning is incredibly contagious. I made some of you reading this yawn simply by writing the word "yawn". The people who yawned when they saw you yawn, meanwhile, were infected by the sight of you yawning-- which is a second kind of contagion. They might even have yawned if they only heard you yawn, because yawning is also aurally contagious: if you play an audio-tape of a yawn to blind people, they'll yawn too. And finally, if you yawned as you read this, did the thought cross your mind-- however unconsciously and fleetingly--that you might be tired? I suspect that for some of you it did, which means that yawns can also be emotionally contagious. Simply by writing the word, I can plant a feeling in your mind.
  • 9. -THE TRUE ESSENCE OF MARKETING IS PERSUASION. -THE ABILITY TO PERSUADE THE CUSTOMER INTO: 1) PARTING WITH ONE OF THEIR MOST PRIZED POSSESSIONS ($) 2) PURCHASING A PRODUCT/SERVICE THAT THEY MAY NOT KNOW THEY WANT. -MARKETING = SELLING & IF YOU CAN’T PERSUADE THEN YOU CAN’T SELL. 2 KEYS TO PERSUASION 1) SHOES: WALK IN YOUR CUSTOMER’S SHOES 2) EYES: SEE THROUGH YOUR CUSTOMER’S EYES.
  • 10. “THE PROCESS OF DESIGNING & IMPLEMENTING ACTIVITIES FOR THE PRODUCTION, PRICING, PROMOTION, & DISTRIBUTION OF A SPORT PRODUCT OR SPORT BUSINESS PRODUCT TO SATISFY THE NEEDS OR DESIRES OF CONSUMERS & TO ACHIEVE THE COMPANY’S OBJECTIVES.” SPORT MARKETING
  • 11. WHAT SERVE AS ROAD MAPS OR GAME PLANS FOR AN ORGANIZATION’S MARKETING ACTIVITIES? MARKETING PLAN ESSENTIAL TO THE MARKETING SUCCESSOF SPORT ORGANIZATIONS WHAT ELEMENTS MAKE UP THE MARKETING MIX?
  • 12. PRODUCT A TANGIBLE GOOD, A SERVICE, OR AN INTANGIBLE QUALITY THAT SATISFIES CONSUMERS’ WANTS OR NEEDS PRICE THE VALUE OF THE PRODUCT & THE COSTS THAT THE CONSUMER MUST ACCEPT TO OBTAIN THE PRODUCT PLACE THE DISTRIBUTION CHANNELS THAT ALLOW CONSUMERS TO ACCESS OR OBTAIN THE PRODUCT PROMOTION THE INTEGRATED COMMUNICATION & PUBLIC RELATIONS ACTIVITIES THAT COMMUNICATE, INFORM, & MOTIVATE CONSUMERS TO PURCHASE THE PRODUCT
  • 13. WHAT IS IMPORTANT BECAUSE IT CREATES IN PEOPLE’S HEARTS & MINDS A SET OF CRITIERIA OR GUIDELINES BY WHICH THEY WILL GOVERN THEMSELVES? MISSION STATEMENT ANSWERS 2 QUESTIONS 1) WHY DOES THE ORGANIZATION EXIST? 2) WHAT IS THE ORGANIZATION STRIVING TO ACHIEVE?
  • 14. WHAT ARE GENERAL SUMMARY STATEMENTS OF EXPECTED OUTCOMES? GOALS WHAT ARE THE SPECIFIC ACTIVITIES THAT ENABLE THE SPORT MARKETER TO OBTAIN THE EXPECTED OUTCOMES? OBJECTIVES
  • 15. WHAT ARE THE 4 ELEMENTS OF A SWOT ANALYSIS?
  • 16. EFFECTIVE COMMUNICATION PRACTICES CONSIST OF WHAT 4 KEY ELEMENTS? 1) OPEN & HONEST COMMUNICATION WITH THE PUBLIC 2) IMAGES & MESSAGES THAT ARE SOCIALLY RESPONSIBLE 3) COOPERATION WITH THE PUBLIC & RESPONSE TO THEIR INTERESTS 4) GOOD FAITH RELATIONSHIPS WITH THE PUBLIC