This article discusses how branding influences sponsorship and the concept of fit in sponsorship. It provides examples of good and poor fit sponsorships and suggests ways to fix poor fit examples. The article also highlights the importance of fit in sponsorship performance and brand awareness.
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Running head: MANAGEMENT Sports Marketing and Media Name of the Student: Name of the University: Author Note:
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1MANAGEMENT Table of Contents How Branding Influence Sponsorship.............................................................................................2 Concept of Fit and Its Importance in Context of Sponsorship........................................................2 Two Good Examples of Sponsorship Fit and Two Poor Example of Sponsorship Fit...................3 Good Examples:...............................................................................................................................3 Poor Examples:................................................................................................................................3 Why the Examples were Chosen and How to Fix Examples of Poor Fit........................................4
2MANAGEMENT How Branding Influence Sponsorship The brand sponsorship refers to the marketing strategy where the particular brand supports an activity, event, person or organization (Tsiotsou, Alexandris & Bettina, 2014). Anywhere a person goes, he or she is able to observe sponsorship investment like festival, music, football games and the beneficial events. Sponsorship allow the small, medium and the big brands in partnering with the other companies as well as the event agencies for generatinga relationship that aims at economically gratifying both the sponsee and the sponsor. Linking the brand with the event through sponsorship enables the firms in gaining the interest and the attention of the customers through association of the events. There has been an increased use of the sponsorship in reaching the segments of the market. Concept of Fit and Its Importance in Context of Sponsorship Fit refers to the relatedness or the congruence that represents the perceived pertinence in the consumer’s mind between the sponsee and the sponsor (Koronios etal., 2016). For better understanding of the concept, it is to be noted that there exist a natural fit between the Adidas and World Cup and the involvement of Shell with Ferrari. This particular natural association is known as functional fit that determines the usefulness of the service or product towards the property. There can be multiple degrees of the fit. Fitbetweensponsorandpropertyrepresentsacleardriverofthesponsorship performance (Gwinner, 2013). In fact, the appropriate fit will help in improving the brand awareness substantially. This particular awareness is required for obtaining positive return on the sponsorship investment and also achieving the elaborate goals that include the transfer of the
3MANAGEMENT brand image, developing affinity with the target market, develops better attitude towards brand and the rise of the purchase intents. A higher fit will help in increasing the acceptance of the brand by public and the presence would be considered as altruistic. Two Good Examples of Sponsorship Fit and Two Poor Example of Sponsorship Fit Good Examples: Example 1: Red Bull moves away from the mainstream sports through using extreme sports that involved speaking to the audiences looking for higher adrenaline and energy. In recent times the brand took its slogan to newer heights transforming the space trouble into sport, reinforcing the positioning and creation of distinction in its way. Example 2: Coco Cola represented a good example through the using of sponsorship as one of the effective communication tool of marketing (Meenaghan, McLoughlin & McCormack, 2013). They sponsored some of the renowned sporting events across the world like the Olympic Games, FIFA World Cup. They also have links with the exhibitions and fairs of the world. Some of the renowned sponsorship that the brand hosts includes Apple iTunes, BET Network, American Idol, NBA, NCAA and NASCAR. Poor Examples: Example 1: The sponsorship of KFC Yum Centre in Arena/ Stadium. Although KFC is owned by the Yum brand but the ‘Yum’ part in the brand makes it a poor fit since KFC is fine as the standalone brand.
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4MANAGEMENT Example 2: The attempt of creation sponsorship fit by Jobin.com Arena has begun the awful trend of the .com Arena and it simply did not flow. Why the Examples were Chosen and How to Fix Examples of Poor Fit The reason for choosing the names of the arena/stadium has been due to the fact that they are relatively permanent. TheFirst exampleof the poor fit can be fixed by removing the ‘Yum’ part from the KFC brand since there is no need add the aspect of ‘Yum’ to the brand as KFC to a layman has always been a yummy option. TheSecond exampleof poor fit can be fixed by replacing the Jobing.com arena with the trend of inserting a name as it simply did not flow.
5MANAGEMENT References: Gwinner,K.(2013).Brand-eventfitinsportsponsorship.LeveragingBrandsinSport Business,157. Koronios, K., Psiloutsikou, M., Kriemadis, A., Zervoulakos, P., & Leivaditi, E. (2016). Sport sponsorship: The impact of sponsor image on purchase intention of fans.Journal of Promotion Management,22(2), 238-250. Meenaghan, T., McLoughlin, D., & McCormack, A. (2013). New challenges in sponsorship evaluation actors, new media, and the context of praxis.Psychology & Marketing,30(5), 444-460. Tsiotsou, R. H., Alexandris, K., & Bettina Cornwell, T. (2014). Using evaluative conditioning to explain corporate co-branding in the context of sport sponsorship.International Journal of Advertising,33(2), 295-327.