commercialisation Flashcards
What is commercialisation ?
to manage or exploit an organisation or an activity in a way designed to make a profit.
what are the 3 components of commercialisation?
- the media
- the sport
- sponsorship
Why is the relationship between all of the components essential?
in order to maximise the opportunity of profit, that that everyone benefits
What is a sponsorship?
it is an individual or a group that provides support in the form on sponsorship in order to ger their product seen by million
What can sponsorships be used for?
- individuals Ronaldo = nike
- a team AIA = tottenham
- an event = visa 2012 olympics
What are the different types of sponsorships?
- financial
- clothing + equipment
- facilities
What does the media do for commercialisation?
uses a diverse range of technologies that act as the main means of mass communication
What technology does the media use to broadcast information?
- printed media / press (newspapers)
- broadcast media (tv + radio)
- internet / social media (instagram)
What is the relationship between sponsors and the media?
- sponsors want to promote their products via the media, as they can reach millions of potential customers.
- media companies need high viewing figures to make them more attractive to sponsors
- media companies therefore pay sports clubs to allow them to televise matches, as this attracts a lot of viewers, making it. more likely that they will get finding from sponsors
What does a player / performer need sponsorship for?
- facilities
- equipment
- competitions
how does the media and commercialisation help promote sport.
to provide better opportunities for the spectator.
What are the advantages of commercialisation for the sponsor / company
- media can show products in advertisements during breaks in play
- brand names can be sen around venues and on performers clothing during activity
- raised awareness of brands, leading to increased sales
- product associated with high-quality performance or health and fitness giving the brand a high status
increased media hype about an event = greater viewing numbers = more exposure for sponsors products
what are the advantages for the sport
- raised awareness of sport, to help increase participation
- higher profile of sport = more commercial interest
- increased funding for sponsors
What are the advantages for the official
- sponsors can provide kit
- media can support correct decisions
- they are more likely to become role models
What are the advantages for the player
- can be paid millions endorse products
- can train full - time and not have to work at another job, funding training, so can focus on becoming the best at their sport