Marketing environment -part 2 Flashcards
What 3 types of organisational categories fall into the sports sector?
. Private sector
.Public Sector
. Third sector e.g. not-for-profit, volunteers
What is the resource-based view of environmental analysis?
. Performance is driven through organisational resources and capabilities
. Normally measure performance as a sustainable competitive advantage
. Larger firms normally out-perform smaller competitors in their markets
What is the industry-based view of environmental analysis?
Looking for sustainable competitive advantage outside the firms perspective and control e.g. Porter’s 5 forces
What is both a resource-based and industry-based environmental analysis?
SWOT analysis
What is the primary concern of for-profit organisations?
Primary marketing concern is to develop goods and services that will be sold to customers to generate revenue
What types of revenue will for-profit sport organisations look to generate?
. Customer revenue . Government funding . Float shares . Sponsorship contracts . Broadcasting revenue
What types of non-profit organisations are there?
. Charities . Schools/universities . Non-government organisations . Hospitals . Sports clubs . Governing bodies Can be donative or commercial e.g. FIFA
What is the objective of not-for-profit organisations?
. The objective is to not turn a profit, but rather, yield performance benefits that contribute to their “cause”.
. Some may make a profit in order to survive year on year but may use profits as saving for future reinvestment e.g. FA
Explain the environmental issues for not-for-profit and for-profit sports organisations?
Different aspects of the PESTLE analysis will affect a sport firm differently depending on aims.
e. g. for-profit may be more influenced by econ factors
e. g. non-profit may be more affected by social, political and environmental factors
Explain the research differences of for-profit and not-for-profit organisations
. Differ in terms of budget so scale-primary/secondary, continuous or
Explain differences in segmentation, targeting and positioning between for profit and not for profit
add in
Explain the importance of branding for-profit and not-for-profit organisations
Crucial for both.
. Increasingly important for non-profit in order to achieve aims and gain exposure and support e.g. IOC, Park Run
What is morality and ethics?
Morality:
Concerns the beliefs, values and norms embedded in particular social contexts that define right and wrong for an individual and/or a community.
Ethics:
Concerns the study of morality and the application of reason to clarify specific rules and principles that determine right and wrong.
What is marketing ethics?
The moral principles and values that guide behaviour within the field of marketing and cover issues such as product safety, truthfulness in marketing communications, honesty in relationships, etc.
Explain product ethical concerns
Product safety e.g. fake product of games through match-fixing is bad marketing
Explain promotional ethical concerns
Can be exaggerated claims or concealed facts e.g. unhealthy food sold at 2016 Olympics due to conflict between IOC aims and promotion and needs of corporate sponsors McDonalds-poor marketing
Explain place ethical concerns
Location of sporting events e.g. Qatar awarded world cup-issues with human rights
Explain people ethical issues
Sam Allardyce fired as risked making FA look bad in public eye
Explain physical evidence ethical issues
Sport products have high recall cases for not being what the customer expected them to be
Explain processes ethical issues
Legal processes doesn’t make it ethical-e.g. Nike has manufacturing plants in low worker rights locations but led to negative image
Explain societal concerns that sports marketers must take into account
Marketing must take into account issues from society to create positive brand- e.g. PL promoting no to racism on advertisement boards
Explain the environmental concerns that sports marketers must take into account
Desire o satisfy customers wants and needs may conflict with the interests of the environment-frims should try to mitigate this e.g. Forest Green rovers vegan canteen and stadium
Explain political ethical concerns that sports marketers must take into account
Sport firms have to implement political legislation e.g. disabled section in stadiums
What is the societal marketing concept?
Interface and trade-off between Societal aims, company profits and consumer satisfaction