Assessment Case Study on Marketing and Sponsorship of Rio 2016 Olympics
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This assessment case study analyzes the marketing and sponsorship strategies of Rio 2016 Olympics, including the 6 P's of marketing, 6 sponsorship assets, and activation tactics. It also discusses how the spectator experience contributed to the experience economy.
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ASSESSMENT CASE STUDY Page1of6
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Table of Contents Table of Contents.............................................................................................................................2 1.0 6 P’s of marketing:.....................................................................................................................3 2.0 Identifying 6 sponsorship assets with examples:.......................................................................4 3.0 Two examples of activation tactics with explanation:...............................................................5 4.0 Olympics, and the spectator experience, contributing to an experience economy....................5 References:......................................................................................................................................6 Page2of6
1.0 6 P’s of marketing: Product: The Rio 2016 Olympic event itself is the product here. Along with the same, merchandising, domestic sponsorship, tickets and also the licensing and complementary commercial programs may be construed to be the products as well. Price: The ticket price was designed to allow a wider range of spectators to enjoy the event. More than half of the tickets were issued at USD 22 and USD 13 was set for the cheapest tickets for the people (Stillmed.olympic.org, 2019). Place: The place was Maracanã Stadium, Rio de Janeiro, Brazil. The event was organized across in 37 venues throughout the country. Promotion: Advertising and promotion were done through the sponsorship of varied organizations as follows: Toyota Coca-Cola’s print campaign Atos Bridgestone Dow Page3of6
GE McDonald’s Kids program Samsung App for Rio 2016 etc. People: Billions of all age group people got the exposure of viewing the Olympic either directly or through the broadcasts. The report reveals that approximately 11,000 athletes participated in the event and also there were around 36,000 volunteers from 161 countries across the world whi managed the entire event. Performance: The sponsorship programs, distinctive features of marketing, and use of marketing strategy in Olympic marketing have enabled to enhance the overall performance. 2.0 Identifying 6 sponsorship assets with examples: Coca-Colaoffered official ‘must see’ hangout for the teenagers of Rio where there was a chance to involve in #ThatsGold creative campaign with the heroes (Britannica.com, 2019). Atosdelivered the IT systems that offered the running status of the games and allowed billions of people to experience Rio 2016. Bridgestonepresented the golf fan zone and also offered the Transforma Education Programme to maintain the social legacy. GEwas the delighted sponsor of the Brazilian canoeing team as well as offered an exceptional customer engagement programme through the social channels. Page4of6
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TOYOTAwas one of the major financial partners of Rio 2016 Olympic Games. McDonald’screated scope for making communication between the fans and athletes through the power of digital initiative named #FriendsWin contest. 3.0 Two examples of activation tactics with explanation: CustomerActivation:Customeractivationstrategyincludescomprehensiveplanningto stimulate the current customers for proceeding quickly to the subsequent step of customer lifecycle (Chappelet, 2015). The event was promoted in social media on a massive scale to reach out to large number of customers. Brand Activation:Brand Activation is the sculpture of brand interaction and its involvement in the market that actually motivates the customer towards the specific brand. Brands such as Coca- Cola, Bridgestone, Nissan promoted the Rio 2016 Brand either by way of stunning visuals, advertisements, technology enabled Kiosks or through PIN trading and retail experience. 4.0 Olympics, and the spectator experience, contributing to an experience economy Due to the extensive marketing strategies and activities undertaken by the organizers, Rio 2016 Olympic has witnessed an overall increase of 6.2% revenue as compared to the year 2009-2012 (Academy, 2019). The participation of visitors, athletes and corporate partners have also been substantial leading to the growth of national economy in terms of huge revenue by way of ticketing and sponsorship activities. Page5of6
References: Academy, U. (2019). Marketing and Promotion of the Olympic Games. Retrieved from Britannica.com. (2019). Rio de Janeiro 2016 Olympic Games. Retrieved from Chappelet, J. (2015) From Olympic administration to Olympic governance.Sport In Society,19(6), 739-751. doi: 10.1080/17430437.2015.1108648 Stillmed.olympic.org. (2019). International Olympic Committee Marketing Report Rio 2016. Retrieved from Page6of6