Commercialisation Flashcards
Define commercialisation
The process by which a new product or service is introduced into the general market for profit
What Is the golden triangle?
The financial relationship between sport, sponsorship and media
How is media linked to sport/spectators?
- media relies on subscription from spectators
- spectators can buy merchandise from media companies
How was media and sponsorship linked?
- they need the media to promote the sponsorship
- The media attracts sponsorships as spectators are interested in media
How was sports/spectators link to sponsorship?
- spectators will buy sponsors products
- The sponsors rely on fans buying products
What is sponsorship?
Where a company pays money to a team or individual in return for advertising the product
Why my commercialised sport change attitude of people involved?
Because they need to win to be successful and make money
What are sponsors only interested in?
Sports that get lots of media coverage
Why might sponsors only want to sponsor sports that have lots of media coverage?
If the sport is regularly publicised it will increase the chance of sales of the product they are promoting
Why do businesses sponsor a successful individual ?
In order to associate the name of the product with a successful or popular individual or team
Why do sponsors sponsor sport?
- to advertise their product
- Sport with lots of media will increase the chance of sales of the product
- to associate the name of the brand with the successful team or individual
- The money is tax deductible
What is the name for sponsors that sponsor local team?
Philanthropic as they don’t sponsor for profit
What are the negatives to sponsorship?
- sponsors linked to Performer , if the performer acts out badly the product is associated with a bad player
Why do lots of people watch sport?
- it is exciting and only has a few periods when action is slow
- easy to leave for a few minutes without losing the plot of the program
Why have some sport changed their games?
- to be more attractive to the media
- for example 20/20 cricket