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Chapter 7
The Marketing Mix and the Sport
Business Industry
Company
Research & Information Collection
Company Mission & Goals
Consumer Competitor Climate
Segmentation
Target Market Decisions
Sport Marketing Mix Decisions & Strategies
Marketing Management Strategies
Implementation – Management – Evaluation – Adjustment
The Sport Marketing Management Model
PriceProduct Place Promotion
Figure 3.3 The Sport Marketing Management Model
Marketing Mix
• The Marketing Mix is the strategic combination
(mix) of four elements called the 4 P’s: Product,
Price, Place, Promotion
• Creation of the marketing mix involves the process
of developing or discovering the right combination
of the 4 P’s
• At the heart of the decision-making process is the
research conducted and knowledge gained about
the consumer, the competition, the company, and
the climate
A changing marketplace requires:
Constant monitoring of
the 4 C’s
•Consumer
•Competitor
•Company
•Climate
In order to maintain the
right mix of the 4 P’s
•Product
•Place
•Price
•Promotion
(This involves customizing the elements for a specific
consumer market until the optimal mix is found.)
The consumer is looking for:
• The right product
• at the right price
• in the right place
And the consumer will be influenced by the right
promotional strategy.
(see figure 7.5)
Company
Research & Information Collection
Company Mission & Goals
Consumer Competitor Climate
Segmentation
Target Market Decisions
Sport Marketing Mix Decisions & Strategies
Marketing Management Strategies
Implementation – Management – Evaluation – Adjustment
The Sport Marketing Management Model
PriceProduct Place Promotion
Figure 3.3 The Sport Marketing Management Model
Company
Research & Information Collection
Company Mission & Goals
Consumer Competitor Climate
Segmentation
Target Market Decisions
Sport Marketing Mix Decisions & Strategies
Marketing Management Strategies
Implementation – Management – Evaluation – Adjustment
The Sport Marketing Management Model
PriceProduct Place Promotion
Figure 3.3 The Sport Marketing Management Model

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Sport Marketing Chapter 7 after

  • 1. Chapter 7 The Marketing Mix and the Sport Business Industry
  • 2. Company Research & Information Collection Company Mission & Goals Consumer Competitor Climate Segmentation Target Market Decisions Sport Marketing Mix Decisions & Strategies Marketing Management Strategies Implementation – Management – Evaluation – Adjustment The Sport Marketing Management Model PriceProduct Place Promotion Figure 3.3 The Sport Marketing Management Model
  • 3. Marketing Mix • The Marketing Mix is the strategic combination (mix) of four elements called the 4 P’s: Product, Price, Place, Promotion • Creation of the marketing mix involves the process of developing or discovering the right combination of the 4 P’s • At the heart of the decision-making process is the research conducted and knowledge gained about the consumer, the competition, the company, and the climate
  • 4. A changing marketplace requires: Constant monitoring of the 4 C’s •Consumer •Competitor •Company •Climate In order to maintain the right mix of the 4 P’s •Product •Place •Price •Promotion (This involves customizing the elements for a specific consumer market until the optimal mix is found.)
  • 5. The consumer is looking for: • The right product • at the right price • in the right place And the consumer will be influenced by the right promotional strategy. (see figure 7.5)
  • 6. Company Research & Information Collection Company Mission & Goals Consumer Competitor Climate Segmentation Target Market Decisions Sport Marketing Mix Decisions & Strategies Marketing Management Strategies Implementation – Management – Evaluation – Adjustment The Sport Marketing Management Model PriceProduct Place Promotion Figure 3.3 The Sport Marketing Management Model
  • 7. Company Research & Information Collection Company Mission & Goals Consumer Competitor Climate Segmentation Target Market Decisions Sport Marketing Mix Decisions & Strategies Marketing Management Strategies Implementation – Management – Evaluation – Adjustment The Sport Marketing Management Model PriceProduct Place Promotion Figure 3.3 The Sport Marketing Management Model