midterm 3 Flashcards
largest sponsorship category
sport industry
relationship sport sponsoship spending in north america
constantly increasing
promotional licensing
umbrella term that encompasses sponsorship
licensing
practice where marketer contract with other companies to use brand, name, logo, symbol
how do organizations sell their logoed merchandise
by taken advantage of their brand strength
how does sponsor benefit from partnership
receiving right to associate with sport entitiy
sport entity
sport team, event, …
how does sport entity benfit from partnership
supllied monetary support or product
provision and sponsorship
right to use logo, name, trademark, graphic representation
right to use various phrass (official sponsor, offical supplier, official product…)
right to use purchasers product or service in conjunction with event
right of entitlement of an event or facility
right to conduct certain promotion activities together with sponsorship agreement
what does sport sponsorship need to offer
high level of exposure without competitionand clutter of traditional advertising
how does sponsorship communicate a company´s message
in a new, differe, less commercialized form
exclusive sponsorship
practiced by the International Olympic Committee
under what name does the IOC practice exclusive sponsorship
The Olympic Partners (TOP) Programme
publicity
sponsored product (athlete, league…)is required to credit sponsor
what do sponsorship adds dimension to
product audience communication
what can experiences caused by product audience communication created do
appeal to all senses encourage fan participation and feedback provde opportunity for sampling and merch cnvey drama in sport experiences can be as memorable as event
corporate objectives of organizations related to sponsorship
increasing awareness reaching target market relationship marketing image building sales increase competition
basic objective of any sponsor
to increase awareness in short period
reaching target markets
one of primary objective of sponsorship program
unique features of sponsorship
ability to reach consumers with similar activities, interests and opinions (AIOs) - raching target market
relationship marketing
buildinglong-term relationship with customer and beneficial partners
to gain unique opportunities of hospitality and entertainment
what is the most important reason for sponsorship of a sports entity
maintain or build an image
image building
two-way street for organization and sport entity
The match-up hypothesis
The closer the image of the endorser is with the image of the product, the more effective the message
competition
to meet competetive threats
sponsoring company is still harmed by competitior
competetive threats
exclusivity
publicity
heigtened communication
ambush marketing
planned effort to be associate indirectly with an event to gain at least some of the recognition and benefits that are associated with being an official sponsor
heightened communication
Sponsorship adds dimension to the product-audience communication
What does social media help with
to meet our marketing perspective
What is social media
conversation amongst consumers of information