Chapter 10 Flashcards

1
Q

Sport management and marketing agency:

A
  • a business that acts on behalf of an entity (the client) involved in the sport industry
  • person, corporate brand, media company, property (team, venue, etc.) or concept
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2
Q

Early history of agencies:

A

-

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3
Q

Arrival of IMG:

A

-

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4
Q

Many sport agencies now dealing in complementary lifestyle activities such as _____, ______, and _____.

A
  • fashion
  • entertainment
  • leisure
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5
Q

In-house groups:

A

-

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6
Q

Some agencies perform only one function (or a few) for 4 key stakeholder groups:

A
  • talent
  • properties
  • brands
  • media companies
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7
Q

Agency functions:

A
  • strategic planning and management
  • sponsorship and licensing solicitation (entitlement)
  • event creation, management and marketing (inventory)
  • contract negotiation
  • marketing activation
  • community and philanthropic activation (grassroots programs)
  • content development
  • financial planning
  • research and eval (ROI)
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8
Q

Thousands of agencies and in-house groups that vary in…

A
  • size
  • budget
  • type of clientele
  • scope of services
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9
Q

Types of sport management and marketing agencies include:

A
  • full service
  • general
  • specialty
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10
Q

Table 10.2

A

-

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11
Q

Full-services agencies have full range of services:

A
  • strategic planning, sponsorship solicitation
  • event management, contract negotiation
  • marketing activation, research and evaluation
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12
Q

Full service agencies tend to have _____ ____.

A

multiple divisions

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13
Q

Full service agency: IMG:

A
  • history
  • client management
  • event and venue management
  • global brand partnerships
  • media and digital
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14
Q

General agencies have _____ approach to development of client programs.

A

integrated

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15
Q

Business components of 16W marketing:

A
  • athlete, coach, and broadcaster representation
  • corporate consulting and property marketing
  • hospitality and event management (turnkey)
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16
Q

Specialty agencies:

A
  • one category of service

- ex. Millsport, Joyce Julius & Associates

17
Q

In-house groups:

A
  • departments that perform sport functions on behalf of the parent company
  • have only one client: themselves
  • function as gatekeepers in reviewing opportunities presented to them
  • work with other units of corporation
18
Q

Careers in sport management and marketing agencies:

A
  • diverse and challenging
  • entry requirements
  • educational backgrounds
  • required skills
19
Q

Major challenges facing agencies:

A
  • uncertainty in client base
  • in-house vs. outsourcing
  • conflicts of interest
  • mergers and acquisitions
  • labour unrest
20
Q

Major _____ challenges in the marketplace.

A

economic

21
Q

Ethics in agencies and revenue sources:

A
  • advertising by spirits brands

- unhealthy products