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Introduction- Overview
Today, Olympic Games have become one of the most large-scale and profitable global media events. Today, sport, especially events associated with the Olympics, has not only become great entertainment, occupation and lifestyle, but solid business as well. In the world of sports, marketing, promotion and advertisement are fundamental tools for generating great profits. The current essay will first explore the principles of market segmentation and the STP process in Olympic Sport Organization (OSO); secondly it will define the term of positioning and how the OSO have been positioning Olympic events. Then it will analyze value demanded by target market, develop the perceptual map of the competitive market and locate the Olympic event in the market space to identify its possible competitive advantage. Lastly the development of the marketing mix in accordance to deliver and communicate the desired positioning has been examined.
Positioning
Positioning is what you make in the target audiences mind. Positioning refers to the place an offering occupies in the customers mind on important attributes relative to competitive offerings (Ferrand & Torrigiani, 2005). Positioning is important because it is the means by which goods and services can be differentiated from one another and so give consumers a reason to buy.
nation, from the moment of Sydneys election they developed a strategy to maximise the return (Payne, 2006).
Perceptual map
Figure 1demonstrates the perceptual mapping of all relevant competing organizations by assuming that the sport tourist attraction and variety sport gaming are the important market position criteria.
High Sport tourist attraction
Competitive Advantages
The Olympic event has following distinctive features which develop the perceptual map of all relevant offerings from its competitor market: - The Olympic Games are unique in their ability to present a host nation and a city to the world (Payne, 2006). - Being the global sports ground for the top athletes in the world and a place for unison and teamwork of individuals around the globe (Payne, 2006). - One of the most popular and most watched events in the world. Broadcasting companies, in their turn, pay considerable sums of money to buy the rights for transmission of the Games (Lee, 2011). - However, this deal is considered a very successful one, since most of their advertising spots will be sold in a high price to be broadcast during Olympic Games (Lee, 2011). - It involves sponsorship which provides products and services, technologies, expertise and personnel to help in the organization of the Games as well as the revenue. The Olympic Games provide incomparable returns for the sponsors (Lee, 2011).
- Technology has always played a critical role in the development of the Olympic Movement, expanding the Olympic experience beyond the confines of the spectator in the Olympic stadium (Payne, 2006).
Conclusion
Sports Marketing set a broad audience, meaning extraordinary, exercise ideas, public service value of the wide range of features in one, IT enterprises and the combination of sporting events, nature easily and rapidly enhance the brand and image building. Olympic event is the greatest sport events in the world which offers variety of the competitive advantages to its competitors in terms of products, service and sponsorship. The Olympic event from Athens Olympic 1896 until currently that the International Olympic Committee (IOC) is organizing the 2012 London Olympic event has been following rapid progress in terms of the communicating and delivering the market positioning.
References
Ferrand, A. & Torrigiani, L. (2005). Marketing of Olympic sport organisations. US: Human Kinetics. Gibson, H. (1998) Sport tourism: A critical analysis of research, Sport Management Review Vol. 1: pp. 4576. Lee, J. K. (2011). Marketing and Promotion of the Olympic Games. The Sport journal, United States Sport Academy, 1543-9518. Payne, M. (2006). OLYMPIC TURNAROUND: How the Olympic Games Stepped Back from the Brink of Extinction to Become the Worlds Best Known Brand. London Business Press Limited. Shipway, R. The Changing Sportscape of Sport Tourism in South West England. Centre for Event and Sport Research, School of Services Management, Bournemouth University.