SlideShare a Scribd company logo
1 of 20
Employ product mix
 strategies to meet customer
 expectations
   Concepts and procedures necessary to
    obtain, develop, maintain, and improve a
    product or service mix in response to
    market opportunities.

   Product: The goods and services a business
    will offer to its customers
    › Choice of product: Will the business offer a
      variety of products?
    › Packaging: Does the packaging protect the
      product and provide necessary information
      about the product?
   Product Cont.
     › Level of quality: What level of quality will the
       business ensure?
     › Brand name: What brand name products will
       the business offer?
     › Warranty: Will the business offer a warranty to its
       customers to ensure satisfaction
Sports Events
•   Ones in which we participate
•   Ones we just watch or hear, either in person or
    on TV, radio or the internet
Athletes
•   Ones that earn their income from the
    performance on the field (Professionals)
•   Ones that are considered amateurs and
    perform for their own enjoyment
Venues
•   Ones that host only one sports team
•   Ones that host multiple sports teams
Non-sport events
  a. Concerts
  b. Festivals
  c. Conventions

Sporting goods
  a. Equipment
  b. Apparel
  c. Trinkets & Trash
Licensed merchandise
a. Apparel (soft goods) – team and player specific
b. Hard goods – equipment, toys, etc.

Sports Media
   a.   TV/Radio – Broadcast media
   b.   Newspaper/magazine – Print media
   c.   Internet – News, Info & Social Media

Sport Services
   a.   Lessons/camps
   b.   Rented-goods services
   c.   Owned-goods services
The  overall impression consumers get
from it’s unique name, design or symbol.
 ›Characteristics of a good brand:
   Easy to recognize
   Stick out from competition
   Easily recognizable symbols
   It’s own personality
Brand     Image
 Your expectations of a brand based on
 previous knowledge
 Brand image is a product's "personality."
 A product’s reputation
  Wrigley Field's reputation as a great sport/event venue
  is its image or personality.
Brand Loyalty
 ›Having consistent consumption of a
 product
Brand    Awareness
 ›Getting the public to know your product
 ›Typically one of the first step in marketing a
 new product
 ›Cannot have Brand Loyalty or Brand Image
 without Brand Awareness
   The team name, mascot, and logo are
    important elements that a sport/event
    organization uses to create and maintain
    Brand Awareness
 The unique characteristics of sport/event
  products make marketers’ jobs
  interesting.
 Outcome of sports/events cannot be
  controlled, marketers focus on the
  elements of the product they can
  control, such as prices and promotions.
Quality   of Product
  › Performance—how well does this product do what it’s
      supposed to do?
  ›   Serviceability—will this product be easy to fix if
      something goes wrong?
  ›   Features—what are the additional benefits of this
      product
  ›   Durability—how long will this product last?
  ›   Reliability—will this product perform consistently?
  ›   Design—do I like the way this product looks and feels?
   Quality of Service
    › Reliability—can I depend on the service
      provider?
    › Tangibles—how do the venue, equipment, and
      personnel look?
    › Assurance—are the employees courteous and
      trustworthy?
    › Responsiveness—are the employees helpful and
      prompt?
    › Empathy—how much individual attention will I
      receive from the service provider?
   Separability:
    › close link between the product and the
      provider
   Perishability
    › Many sport/event products have a high
      degree of perishability
    › If they’re not consumed immediately, they
      will be gone forever
       Game, Concert
   Consistency
    › Inconsistent: the quality of a product’s
     performances is impossible to guarantee
     over a period of time
       Panthers (Superbowl, Most loses in a season)
    › Consistent: the quality of a product’s
     performances is possible to guarantee over
     a period of time
       Nike Jordan's
1. Games
2. Events
3. Tickets
4. Organization
5. Facility
6. Equipment/clothing
7. Branding:
     1. Awareness, Image and Loyalty
   A combination of goods and services
    › can rarely be treated as either pure goods
      or pure services
    › Most sport/event products have a
      multifaceted nature that combines elements
      of both types of products
Identify the product elements
              for a
    MHS Football Game
   Students break into teams of 3 and their task is to create 2 new
    products. Create the products in (2) PPT formats and then present to
    the class.
   One product must be a sports or entertainment good
   One product must be a sports or entertainment service
   Students must include the following specifications
    ›   Choice of product – types, sizes, etc. List all the elements of the product
    ›   Packaging of product – types
    ›   Quality of product – “relates to price so select carefully”
    ›   Brand name – existing (show it) or brand new (create it for extra credit)
    ›   Warranty – will you offer one and how would you do it for a service product?
        What issues may you encounter?
    ›   What sports/event product category does this compete?
    ›   If a service, will you have professional or amateur as participants?
    ›   Do you utilize a venue? List name, place, etc. Where are your goods sold?
    ›   What type of media will you utilize to promote/perform your product?
    ›   Will you offer additional merchandise? If so, what/why?

More Related Content

Similar to Meet customer needs with versatile product mix

Promotional Products - More than Just a Mug
Promotional Products - More than Just a MugPromotional Products - More than Just a Mug
Promotional Products - More than Just a MugNewton Manufacturing
 
More Than a Mug
More Than a MugMore Than a Mug
More Than a Mugdschaaf21
 
Unit 4 - The Sports Product
Unit 4 - The Sports ProductUnit 4 - The Sports Product
Unit 4 - The Sports Productcelsesser
 
Product, Services, and Brands - Building Customer Value - Marketing
Product, Services, and Brands - Building Customer Value - MarketingProduct, Services, and Brands - Building Customer Value - Marketing
Product, Services, and Brands - Building Customer Value - MarketingFaHaD .H. NooR
 
365 Athletic Apparel Campaign
365 Athletic Apparel Campaign365 Athletic Apparel Campaign
365 Athletic Apparel Campaignvcorsetti
 
Sporting goods
Sporting goodsSporting goods
Sporting goods9418001038
 
Sporting goods
Sporting goodsSporting goods
Sporting goods9418001038
 
Product: Four Ps of Marketin
Product: Four Ps of MarketinProduct: Four Ps of Marketin
Product: Four Ps of MarketinJC
 
LEC3-PRODUCT-SERVICE-INNOVATIONS.pptx
LEC3-PRODUCT-SERVICE-INNOVATIONS.pptxLEC3-PRODUCT-SERVICE-INNOVATIONS.pptx
LEC3-PRODUCT-SERVICE-INNOVATIONS.pptxMaryGraceDelaRosa2
 
SALES CALL PLANNING REPORT
SALES CALL PLANNING REPORTSALES CALL PLANNING REPORT
SALES CALL PLANNING REPORTKevin Gadzala
 
Survey Swift Linkedin
Survey Swift LinkedinSurvey Swift Linkedin
Survey Swift Linkedinhedleybasford
 
Move your product ownership to the next level
Move your product ownership to the next levelMove your product ownership to the next level
Move your product ownership to the next levelBjörn Jensen
 
Planning, refining and testing your idea
Planning, refining and testing your ideaPlanning, refining and testing your idea
Planning, refining and testing your ideaIncrementa consulting
 
CompanyStore
CompanyStoreCompanyStore
CompanyStorekenstar11
 
How to brand your business
How to brand your businessHow to brand your business
How to brand your businessRama Krishnan
 
Product, Service, and Branding Strategies
Product, Service, and Branding Strategies  Product, Service, and Branding Strategies
Product, Service, and Branding Strategies Mahmood Tareen
 
Chapter 7 first hall eln
Chapter 7 first hall   elnChapter 7 first hall   eln
Chapter 7 first hall elnRandy Hawthorne
 
[Webinar] Selling in Japan #2: Driving Japanese E-Commerce Traffic & Revenue
[Webinar] Selling in Japan #2: Driving Japanese E-Commerce Traffic & Revenue[Webinar] Selling in Japan #2: Driving Japanese E-Commerce Traffic & Revenue
[Webinar] Selling in Japan #2: Driving Japanese E-Commerce Traffic & Revenuebtrax
 

Similar to Meet customer needs with versatile product mix (20)

Promotional Products - More than Just a Mug
Promotional Products - More than Just a MugPromotional Products - More than Just a Mug
Promotional Products - More than Just a Mug
 
More than just a mug
More than just a mugMore than just a mug
More than just a mug
 
More Than a Mug
More Than a MugMore Than a Mug
More Than a Mug
 
Unit 4 - The Sports Product
Unit 4 - The Sports ProductUnit 4 - The Sports Product
Unit 4 - The Sports Product
 
Product, Services, and Brands - Building Customer Value - Marketing
Product, Services, and Brands - Building Customer Value - MarketingProduct, Services, and Brands - Building Customer Value - Marketing
Product, Services, and Brands - Building Customer Value - Marketing
 
365 Athletic Apparel Campaign
365 Athletic Apparel Campaign365 Athletic Apparel Campaign
365 Athletic Apparel Campaign
 
Sporting goods
Sporting goodsSporting goods
Sporting goods
 
Sporting goods
Sporting goodsSporting goods
Sporting goods
 
Product: Four Ps of Marketin
Product: Four Ps of MarketinProduct: Four Ps of Marketin
Product: Four Ps of Marketin
 
LEC3-PRODUCT-SERVICE-INNOVATIONS.pptx
LEC3-PRODUCT-SERVICE-INNOVATIONS.pptxLEC3-PRODUCT-SERVICE-INNOVATIONS.pptx
LEC3-PRODUCT-SERVICE-INNOVATIONS.pptx
 
SALES CALL PLANNING REPORT
SALES CALL PLANNING REPORTSALES CALL PLANNING REPORT
SALES CALL PLANNING REPORT
 
Survey Swift Linkedin
Survey Swift LinkedinSurvey Swift Linkedin
Survey Swift Linkedin
 
Move your product ownership to the next level
Move your product ownership to the next levelMove your product ownership to the next level
Move your product ownership to the next level
 
Planning, refining and testing your idea
Planning, refining and testing your ideaPlanning, refining and testing your idea
Planning, refining and testing your idea
 
CompanyStore
CompanyStoreCompanyStore
CompanyStore
 
How to brand your business
How to brand your businessHow to brand your business
How to brand your business
 
Product, Service, and Branding Strategies
Product, Service, and Branding Strategies  Product, Service, and Branding Strategies
Product, Service, and Branding Strategies
 
Chapter 7 first hall eln
Chapter 7 first hall   elnChapter 7 first hall   eln
Chapter 7 first hall eln
 
Marketing ْMix
Marketing ْMixMarketing ْMix
Marketing ْMix
 
[Webinar] Selling in Japan #2: Driving Japanese E-Commerce Traffic & Revenue
[Webinar] Selling in Japan #2: Driving Japanese E-Commerce Traffic & Revenue[Webinar] Selling in Japan #2: Driving Japanese E-Commerce Traffic & Revenue
[Webinar] Selling in Japan #2: Driving Japanese E-Commerce Traffic & Revenue
 

More from grantdeaton

Sem 1 -_4.03_ppt
Sem 1 -_4.03_pptSem 1 -_4.03_ppt
Sem 1 -_4.03_pptgrantdeaton
 
Google workshop pp
Google workshop ppGoogle workshop pp
Google workshop ppgrantdeaton
 
Marketing 1.04 part_2_fall_2012
Marketing 1.04 part_2_fall_2012Marketing 1.04 part_2_fall_2012
Marketing 1.04 part_2_fall_2012grantdeaton
 
Marketing 1.04 fall_2012
Marketing 1.04 fall_2012Marketing 1.04 fall_2012
Marketing 1.04 fall_2012grantdeaton
 
Marketing obj. 1.02 career pp
Marketing obj. 1.02 career ppMarketing obj. 1.02 career pp
Marketing obj. 1.02 career ppgrantdeaton
 
Sem i objective 2.06 powerpoint
Sem i objective 2.06 powerpointSem i objective 2.06 powerpoint
Sem i objective 2.06 powerpointgrantdeaton
 
Sem I Obj. 1.09 ppt
Sem I Obj. 1.09 pptSem I Obj. 1.09 ppt
Sem I Obj. 1.09 pptgrantdeaton
 
FM Obj. 2.04 power point
FM Obj. 2.04 power pointFM Obj. 2.04 power point
FM Obj. 2.04 power pointgrantdeaton
 
SIP presentation
SIP presentationSIP presentation
SIP presentationgrantdeaton
 
Marketing obj. 4.02 Advertising Media
Marketing obj. 4.02 Advertising MediaMarketing obj. 4.02 Advertising Media
Marketing obj. 4.02 Advertising Mediagrantdeaton
 
Marketing obj. 3.03 corporate branding
Marketing obj. 3.03 corporate brandingMarketing obj. 3.03 corporate branding
Marketing obj. 3.03 corporate brandinggrantdeaton
 
Marketing obj. 3.02 -ppt_part_a
Marketing obj. 3.02  -ppt_part_aMarketing obj. 3.02  -ppt_part_a
Marketing obj. 3.02 -ppt_part_agrantdeaton
 
Marketing obj. 3.02 -ppt_part_c
Marketing obj. 3.02  -ppt_part_cMarketing obj. 3.02  -ppt_part_c
Marketing obj. 3.02 -ppt_part_cgrantdeaton
 
Marketing 3.01 b -_product_life_cycles
Marketing 3.01 b -_product_life_cyclesMarketing 3.01 b -_product_life_cycles
Marketing 3.01 b -_product_life_cyclesgrantdeaton
 
Marketing 3.01 a -_product_service_management
Marketing 3.01 a -_product_service_managementMarketing 3.01 a -_product_service_management
Marketing 3.01 a -_product_service_managementgrantdeaton
 
Marketing Obj. 2.09 pp
Marketing Obj. 2.09 ppMarketing Obj. 2.09 pp
Marketing Obj. 2.09 ppgrantdeaton
 
Marketing obj. 2.08
Marketing obj. 2.08Marketing obj. 2.08
Marketing obj. 2.08grantdeaton
 
Marketing Obj. 2.07 a
Marketing Obj. 2.07 aMarketing Obj. 2.07 a
Marketing Obj. 2.07 agrantdeaton
 
Marketing Obj 2.05 pp[1]
Marketing Obj 2.05 pp[1]Marketing Obj 2.05 pp[1]
Marketing Obj 2.05 pp[1]grantdeaton
 
Marketing Obj. 2.04 ppt
Marketing Obj. 2.04 pptMarketing Obj. 2.04 ppt
Marketing Obj. 2.04 pptgrantdeaton
 

More from grantdeaton (20)

Sem 1 -_4.03_ppt
Sem 1 -_4.03_pptSem 1 -_4.03_ppt
Sem 1 -_4.03_ppt
 
Google workshop pp
Google workshop ppGoogle workshop pp
Google workshop pp
 
Marketing 1.04 part_2_fall_2012
Marketing 1.04 part_2_fall_2012Marketing 1.04 part_2_fall_2012
Marketing 1.04 part_2_fall_2012
 
Marketing 1.04 fall_2012
Marketing 1.04 fall_2012Marketing 1.04 fall_2012
Marketing 1.04 fall_2012
 
Marketing obj. 1.02 career pp
Marketing obj. 1.02 career ppMarketing obj. 1.02 career pp
Marketing obj. 1.02 career pp
 
Sem i objective 2.06 powerpoint
Sem i objective 2.06 powerpointSem i objective 2.06 powerpoint
Sem i objective 2.06 powerpoint
 
Sem I Obj. 1.09 ppt
Sem I Obj. 1.09 pptSem I Obj. 1.09 ppt
Sem I Obj. 1.09 ppt
 
FM Obj. 2.04 power point
FM Obj. 2.04 power pointFM Obj. 2.04 power point
FM Obj. 2.04 power point
 
SIP presentation
SIP presentationSIP presentation
SIP presentation
 
Marketing obj. 4.02 Advertising Media
Marketing obj. 4.02 Advertising MediaMarketing obj. 4.02 Advertising Media
Marketing obj. 4.02 Advertising Media
 
Marketing obj. 3.03 corporate branding
Marketing obj. 3.03 corporate brandingMarketing obj. 3.03 corporate branding
Marketing obj. 3.03 corporate branding
 
Marketing obj. 3.02 -ppt_part_a
Marketing obj. 3.02  -ppt_part_aMarketing obj. 3.02  -ppt_part_a
Marketing obj. 3.02 -ppt_part_a
 
Marketing obj. 3.02 -ppt_part_c
Marketing obj. 3.02  -ppt_part_cMarketing obj. 3.02  -ppt_part_c
Marketing obj. 3.02 -ppt_part_c
 
Marketing 3.01 b -_product_life_cycles
Marketing 3.01 b -_product_life_cyclesMarketing 3.01 b -_product_life_cycles
Marketing 3.01 b -_product_life_cycles
 
Marketing 3.01 a -_product_service_management
Marketing 3.01 a -_product_service_managementMarketing 3.01 a -_product_service_management
Marketing 3.01 a -_product_service_management
 
Marketing Obj. 2.09 pp
Marketing Obj. 2.09 ppMarketing Obj. 2.09 pp
Marketing Obj. 2.09 pp
 
Marketing obj. 2.08
Marketing obj. 2.08Marketing obj. 2.08
Marketing obj. 2.08
 
Marketing Obj. 2.07 a
Marketing Obj. 2.07 aMarketing Obj. 2.07 a
Marketing Obj. 2.07 a
 
Marketing Obj 2.05 pp[1]
Marketing Obj 2.05 pp[1]Marketing Obj 2.05 pp[1]
Marketing Obj 2.05 pp[1]
 
Marketing Obj. 2.04 ppt
Marketing Obj. 2.04 pptMarketing Obj. 2.04 ppt
Marketing Obj. 2.04 ppt
 

Meet customer needs with versatile product mix

  • 1. Employ product mix strategies to meet customer expectations
  • 2. Concepts and procedures necessary to obtain, develop, maintain, and improve a product or service mix in response to market opportunities.  Product: The goods and services a business will offer to its customers › Choice of product: Will the business offer a variety of products? › Packaging: Does the packaging protect the product and provide necessary information about the product?
  • 3. Product Cont. › Level of quality: What level of quality will the business ensure? › Brand name: What brand name products will the business offer? › Warranty: Will the business offer a warranty to its customers to ensure satisfaction
  • 4. Sports Events • Ones in which we participate • Ones we just watch or hear, either in person or on TV, radio or the internet Athletes • Ones that earn their income from the performance on the field (Professionals) • Ones that are considered amateurs and perform for their own enjoyment Venues • Ones that host only one sports team • Ones that host multiple sports teams
  • 5. Non-sport events a. Concerts b. Festivals c. Conventions Sporting goods a. Equipment b. Apparel c. Trinkets & Trash
  • 6. Licensed merchandise a. Apparel (soft goods) – team and player specific b. Hard goods – equipment, toys, etc. Sports Media a. TV/Radio – Broadcast media b. Newspaper/magazine – Print media c. Internet – News, Info & Social Media Sport Services a. Lessons/camps b. Rented-goods services c. Owned-goods services
  • 7. The overall impression consumers get from it’s unique name, design or symbol. ›Characteristics of a good brand: Easy to recognize Stick out from competition Easily recognizable symbols It’s own personality
  • 8. Brand Image Your expectations of a brand based on previous knowledge Brand image is a product's "personality." A product’s reputation Wrigley Field's reputation as a great sport/event venue is its image or personality.
  • 9. Brand Loyalty ›Having consistent consumption of a product
  • 10. Brand Awareness ›Getting the public to know your product ›Typically one of the first step in marketing a new product ›Cannot have Brand Loyalty or Brand Image without Brand Awareness  The team name, mascot, and logo are important elements that a sport/event organization uses to create and maintain Brand Awareness
  • 11.  The unique characteristics of sport/event products make marketers’ jobs interesting.  Outcome of sports/events cannot be controlled, marketers focus on the elements of the product they can control, such as prices and promotions.
  • 12. Quality of Product › Performance—how well does this product do what it’s supposed to do? › Serviceability—will this product be easy to fix if something goes wrong? › Features—what are the additional benefits of this product › Durability—how long will this product last? › Reliability—will this product perform consistently? › Design—do I like the way this product looks and feels?
  • 13. Quality of Service › Reliability—can I depend on the service provider? › Tangibles—how do the venue, equipment, and personnel look? › Assurance—are the employees courteous and trustworthy? › Responsiveness—are the employees helpful and prompt? › Empathy—how much individual attention will I receive from the service provider?
  • 14. Separability: › close link between the product and the provider
  • 15. Perishability › Many sport/event products have a high degree of perishability › If they’re not consumed immediately, they will be gone forever  Game, Concert
  • 16. Consistency › Inconsistent: the quality of a product’s performances is impossible to guarantee over a period of time  Panthers (Superbowl, Most loses in a season) › Consistent: the quality of a product’s performances is possible to guarantee over a period of time  Nike Jordan's
  • 17. 1. Games 2. Events 3. Tickets 4. Organization 5. Facility 6. Equipment/clothing 7. Branding: 1. Awareness, Image and Loyalty
  • 18. A combination of goods and services › can rarely be treated as either pure goods or pure services › Most sport/event products have a multifaceted nature that combines elements of both types of products
  • 19. Identify the product elements for a MHS Football Game
  • 20. Students break into teams of 3 and their task is to create 2 new products. Create the products in (2) PPT formats and then present to the class.  One product must be a sports or entertainment good  One product must be a sports or entertainment service  Students must include the following specifications › Choice of product – types, sizes, etc. List all the elements of the product › Packaging of product – types › Quality of product – “relates to price so select carefully” › Brand name – existing (show it) or brand new (create it for extra credit) › Warranty – will you offer one and how would you do it for a service product? What issues may you encounter? › What sports/event product category does this compete? › If a service, will you have professional or amateur as participants? › Do you utilize a venue? List name, place, etc. Where are your goods sold? › What type of media will you utilize to promote/perform your product? › Will you offer additional merchandise? If so, what/why?