The document discusses the experience economy and its importance for businesses in the sports and events industry. It states that elements like innovation, creativity, and customer service are becoming more crucial as global competition increases. To differentiate themselves, clubs, venues, and events need to create unique experiences for customers. Qualities like emotions, values, and aesthetics are things customers will pay extra for, rather than just price and technology. The experience economy represents a new stage of economic offering where memorable events are staged to engage customers in a personal way.