This document provides an overview of sport business management, focusing on the components, organizational structure, and culture of Nike. It also discusses the importance of fan engagement in the sports industry.
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Understanding Sport Business
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Table of Contents INTRODUCTION..........................................................................................................................3 TASK 1............................................................................................................................................3 Sport Business Management.......................................................................................................3 Fan engagement..........................................................................................................................6 REFRENCES.................................................................................................................................10 Books and Journal....................................................................................................................10
INTRODUCTION Sports Business Management components consider that areas or domain like economic and financial management in the sector of sports, strategic Management in the sector of sports, Merchandisingandemploymentarrangementinsportsoutcomesanssportslaw.This components include the feature or characteristics of domestic and multinational of the company of sports business in very advance level. This context cover some factors or aspects of the sports businessmanagement likeorganisational structure of the sports business, The culture of the sports business. This context also cover the customer involvement in the business and their loyalty and some strategies that help to maintain the customer base and their loyalty towards the company.This report consider the sports business of NIKE , it is the largest and one of the famed brand in the globe . This is the multinational competition that involve in the creation , enhancement , marketing, trade of footwear and some other accessories of the sports. The company was founded by the Phil Knight and Bill Bowerman on 25 January 1964, Eugene , Oregon, United States(Abeza, O’Reilly, and Seguin, 2019). TASK 1 Sport Business Management The Sports Business Management is a curriculum or procedure that will search or investigate the acquire andmulti faceted domain and sectors of the direction in sports by the help of core components through enterprise or an organisation and custom sport components. The procedure of sports business management concentrate on moral intellect ion, leading competitions, athletics merchandising, practice and athletics persuasion, societal, economical,profitabilityand cultural matter. sporting assemblage investigate present that processing and influencing a better and effective communicationamong theenvironment. Healthy and more effective communication in the company or in the public has beenpresent and look to be a much and very important to enhancing and making prosperous surroundings of the business. Organisational Structure and organisational culture: An organizational structure explain howthe operations and the actions like project assigned, cooperation and direction are oriented toward the accomplishment of company targets and objectives(Gatouillat, Griffet, and Travert, 2020). The structure of organisation create impacts on the activities or performance of the company and cater the relation or base on which
modular operational programs and routines rest. So there some organisational structure that is followedby any organisation.The structure of organization seen in four typesand that is divisional, flat, matrix andfunctional. So the company NIKE consider the structure and that is flat structure. A structure of flat is mixture of two assorted kinds of hierarchies of business like those conventional hierarchies in that aggregate individuals report to the one person or manger, and in the product hierarchies in this a groups are separated settled onthe basis of some particular goodsor on the basis ofconsumers and geographic andthey have to report to one sighted personality. Nike’s structure of flat , groups are separated and split is rely on the goods and report to specific managers or administrator of product while also leftover responsible to much wide fields managers.By theflat structure, workers particularly report to a minimal of the managers of like two, One whom that control and tackle much task based delegate and the other manager who handle and tackle the laws , rules and the policy(Koch, 2016). The structure of Nike's flat structure, are also called as a matrix structure, This consider and belongs to many dissension that are detached into auxiliary and accessorieslike Converse, Hurley and so many more, These all are which all communicate to the global headquarters of the Nike’s organisation . The partition for EMEA,that the company Nike’s European central office tackle,and bend this formation, while thecountry U.S., the America and Asia Pacific Ocean turn up are cover , contain within the planetary headquarters modality. The company consider the Handy's Model of Organisational Culture for their company culture. Handy's Model of Organisational Culture:Charles Handy, is a directional authorisation or potency onthe cultureof organisation, that describe four various types of culture:Power, Role,Task andPerson. Power culture:In an Nikecompany with a power culture,the power is introduce thorough some person whose determine and extend over the company. So there are some regulation and concept in the culture of power . In this the power decide that what will happen. Workersare normally evaluate by what employees succeed instead of how the workers do activities and how they behave. Role culture:Nike companywith athe culture of roleare rely on the principles and some concept. They are extremelypossessed, with each person in the company informed about their duties and responsibilities . Power in a culture ofroleis identified by a individuals role in the structure of Nike(Kunkel, and Biscaia, 2020).
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Task culture:Task culture launched when groups in an company are defined to code particular issues or advance task. The task culture is much essential,sothe powerin the group will frequently move on the concoction of the group members and the position of the issues or task. Person Culture:In Nike with the culture of person, the peoples extremely look themselves as a rareand superin the company. The company generally live in order to operate for the people. The company with athis culture is much rightful assemblage of person , who are hired to be operating for theorganisation. Organisation structure and culture of Nike's Competitors: Organisational structure of Adidas:Adidas is a much famed and reputed sportswear and toold company. This company is not just extended in all over the world but but the brandname that has get along synonymous with marketing of sports wears, shoes and so many sports products o other. This organisation consider and include various higher levels, middle level and lower level associated that tackle and controlled their activities and functioning. A well managed company Adidas is followedthe structure of hierarchical to determine and assure thatin the company everything stays for long time and the duties and task are decently separated and allocated to workers. The company cultureis formed by their core values by the help of athletics, They the quality to modify lives andthrough their executives and worker.The company described their cultures by including 4 stages like team formation, team work team maturity, and team building. The culture of the company is much friendly with the staff and for the customer as well( Lilja, and Isacsson, 2017). organisational structure of Puma:Puma is multinational brand and very largest competitor of Nike. The company Puma is international corporation that create and produce sports and casual footwear and some more accessories. The company followed the organisational structure that is functional structure thatinclude a structure and formation of where the company headquarters are at the higher level andremaining furthercompany elements acquire and utilise hire associated,strategicaldeterminationrefertothesportygoodsenterpriseoperations.The company Puma firm construction keep and maintain powerful straight series of authorization and communication, moving from the firm main workplace or authorityto the lower level of the company. The feature of Puma’s organisational formation including the teaming of workers and enterprise task and programs on the behalf of the sameness in in the sector ofhuman resource expertness, functional activities, or substantial assets utilisation.The organisationalculture of
Pumais about processing and enhancing the resources and assets of the human to ambit supreme execution. The acquisition and development concentrating onthe , that how to enhance and develop the workers skills , capabilitiesto satisfyand grab more opportunityand to fulfil the needs and requirements of the company(Mallen, and Dingle, 2020). TASK 2 Fan engagement Fan Engagementrefers to the development scheme of long-term kinship and connection direction among the sports organisation andfanteams, where establishment and organisation serve and ease person manifestation andin team credence,by applying thetechnologies of modern and some offline both, with theaim and target of making societal worth forfans or customers, that can be changed and moved. The fan engagement is much important because It's decisive that society control and maintain to fulfilconstruction , structure and to control and manage the extreme involvement andengagement, to assurethat fanswill proceed to help the group and participate consequence. More so,fan participation take outabout much earnings from marketing(Schyvinck, and Willem,2016). living cycle is a word that show and define the various steps aconsumers are goes through whenthe customers are acquiring and analysing, purchasing, applying, and leftover honest and loyalto a specific goods and services product or service. The goal of Nike companyis to transformindividuals into the gainful consumers. Transition value or cost are not the bust metrical concern that might be sounding at, though. it is due to the consumers that a company transformedmight be complete by beingpoor-quality of consumers that just purchase the companies goods and services only for one time. For attracting and maintaining the the living cycle of fan engagement of Nike has been dashed down into different stages and these stages are described below. Reach:In this stage, an company Nikebusiness have to be in merchandising in places where the correct individuals will look at the complacent and become more conscious about the company . This is much needed to have the correct prosody in spot so that they can look and admire which of themerchandising attempt paid off the much(Meeprom, and Dansiri, 2020). However, most of the individuals will not move and transform to paid consumers during this step. In this stage, a company trying to grab more effective consumers and fan attention andthen start working on creating and maintainingbetter and effective connection with the customers or with the individuals(Zdroik, and Babiak, 2017).
Acquisition:In this stage when the Nike havethe attention of of the most effective consumers , so then company willtransfer into this stage. The objective and target ofacquisition stage is much clear that a company are sending individuals to their application in expectancy of moving them into a endorser or consumers. This is much crucial to analysis that almost individuals will see andenter into the application or websitewith a particular requirements and tendencyin their head.The company required to assist them understandthattheir creation and invention support them to meet with their needs and desires. The company must have a procedure in that place that will help them to guide the customer and transforming to the resolution that will assist the customers(Porter, and Vamplew, 2020). Conversion:In this point or phasewhere the company track moves into a gainful and profitable consumers. The very finest manner to move the company leads intothe more profitable consumers is to concentrating onthe given valuesand making the best connection instead of generally trading the goods. The company consumers must have values the customer and create that environment so that a customer can feel more comfortable ,if these will happen then the company trade become more and their profitability increase much. Retention:In this phase or levelTheNike company requiredto proceed to make and manage theconnectionswith their consumers.Thatmeans managing a good relationshipsin few manner andproceed to take worth to thatcustomers, so after that a consumers will notice everything thing and the products and services will attract more towards them and make them so eager to purchase a goods and service. Loyalty:The supreme objective of the consumer living cycle isto move their customer into a loyal client who are continuously purchase from the company and advise to everyone about the company merchandise or service . Because obviously, not entire consumer will ambitto this phase but the company must have get much with all repetition. If the company aren’t leads to this location then the company can look rearward to look where they are decreasing abbreviated in these stages of lifecycle. The different engagement platforms : Consumerinvolvementisaorganisationalcommunicationrelationamonga clients,customersandincompanybyseveraldifferentmediumsofcorrespondence.This relationship might be a response, action orcommunication, entire experience of the customers that takes spot without using internet or with using internet.Consumer involvement platforms
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equip the company with what they required to effectively interact with their customers and to identify their actions , behaviours and to check the marketing campaigns(Ratten,2018). These typesofcharacteristicorpropertiessupportthemtodetermineandidentifytheclients requirements and needed spots so that the company Nike provide and give their customer to proper assistance.Aconsumers engagement program or platform a software program that assist the company Nike toprosecute with their consumersby each required points , they can perchancehavewiththeircompany.Therearefivestagesconsumersinvolvementor engagement that are mentioned below: Discover:The bargain reputation is much essential at the stage of investigation and transmission like email and societal are much effectual and potential. This is the period for bargain to formed a broad nett with time unit electronic mail programme, and to get and start following customer actions. Shop:This is very much better period for traders to utilise buyer perception scheme to amended understanding who areprobably prompt to purchase. There areso many different kinds of method and proficiency that traders can purchase at this level liketransmit customer particular interaction, point out not sold leads and apply multi motility movement to acquire the product kind , that a customer more probably made interest to purchase it. Buy:The company must be interact with beliefs during this phase or level and inform them about their new products establish, the company offers some discounts or new scheme according to the customer preferences and desires. Own:The company take theperiod to enhance and perform a welldirect follow up reaching program that involve communication. Advocate:Consumersare key to the prosperity of any deal. Successful seller acknowledge that consumer involvement does not finishonce a sale has been started. Seller required to continue involve the consumers to make them satisfied and loyal(Ratten, 2020). CONCLUSION From the above mentioned context it has been summarised that sports business management is very important for the business to attract most customers and to develop their business. This report also describe about the organisational structure that is followed by the company and by their competitors. Because every company havedifferent types of structure. This also show
about the culture of the company that followed by the company to create much friendly and better environment for the company. This also shows about the customer engagement programs that are followed by the company to make the customer loyal and happy. So this report explain many stages of customer life cycle and about customer engagement platforms.
REFRENCES Books and Journal Abeza, G., O’Reilly, N. and Seguin, B., 2019. Social media in relationship marketing: The perspectiveofprofessionalsportmanagersintheMLB,NBA,NFL,and NHL.Communication & Sport,7(1), pp.80-109. Gatouillat,C.,Griffet,J.andTravert,M.,2020.Navigatingthecirclesofsociallife: understanding pathways to sport drop-out among French teenagers.Sport, Education and Society,25(6), pp.654-666. Koch, N. ed., 2016.Critical geographies of sport: Space, power and sport in global perspective. Taylor & Francis. Kunkel,T.andBiscaia,R.,2020.Sportbrands:brandrelationshipsandconsumer behavior.Sport Marketing Quarterly,29(1), pp.3-17. Lilja, V. and Isacsson, K., 2017. Sport Sponsorship: Managing the relationship between a sponsor and a sponsee. Mallen, C. and Dingle, G., 2020. Sport-environmental sustainability (sport-ES) education. Meeprom, S. and Dansiri, W., 2020. Understanding motives for attending charity sport events in Thailand.International Journal of Culture, Tourism and Hospitality Research. Porter, D. and Vamplew, W. eds., 2020.Sport and Entrepreneurship. Routledge. Ratten, V., 2018. Game Changes in Sport: The Role of Innovation and Creativity. InSport Entrepreneurship(pp. 35-49). Springer, Cham. Ratten, V., 2020. Coronavirus disease (COVID-19) and sport entrepreneurship.International Journal of Entrepreneurial Behavior & Research. Schyvinck, C. and Willem, A., 2016. Role and relevance of cause related marketing for professional sport organizations. In24th European Association for Sport Management conference (EASM 2016). Zdroik, J. and Babiak, K., 2017. Networking with a purpose: men and women’s perception of career networking in sport NGBs.Sport, Business and Management: An International Journal.
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