This essay report provides an overview of sports management and its role in the sports industry. It focuses on Sported UK, a charity organization that supports young people in sports. The report discusses the target market, marketing strategy, and the 4Ps of the marketing mix.
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Understanding Sports Industry
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Table of Contents INTRODUCTION..........................................................................................................................3 MAIN BODY...................................................................................................................................3 CONCLUSION...............................................................................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION Sports management involves the process of handling the administrative aspect of the sportsteam,athletes,sportsclub,sportsvenue,sportspersonandthesportsevents.The management in sports is required at every level where the sports are played be it in schools, universities or at the national, local or international level. It requires the skill relating to the planning, organising, controlling, directing, leading, evaluating and budgeting in an organisation or the department whose main product or the service is relating to the sports or the physical activity. Sports management is referred to as the field of the business which deals in recreation and sports(WANG and et. al., (2017)).The organisation chosen for this report is Sported UK, which is the largest community group supporting the young people to overcome their barrier to reach their full potential in the sports. It is a charity based organisation which promote fairness and equity for the young people through physical activity and grass root sport. This essay report shall cover the key target market of the company and the marketing strategy including business plan relating to financial aspect and the five year plan for marketing program of the organisation. MAIN BODY Sported UK is a charity based organisation which operates in the deprived area of the country UK. This organisation has an open network to any of the community group who wants to make difference in the lives of young people through the sports and physical activity. The groups which are associated with the organisation are small and voluntary who are often under resourced and under funded. The Sported UK provide the groups with the professional expertise, operational support and resources which are free of cost and also which helps in thriving and surviving. The segmentation, targeting and positioning model is the strategic approach in the modern marketing which is useful in creating the marketing communication plans as it helps in prioritising the propositions and deliver and develop the relevant and personalised message to engage different audience(Jewell, (2017)). Segmentationis referred to as the process which helps in identifying the needs and find new markets in order to deliver the effective marketing message. It helps in dividing the customers into smaller groups which is based on their characteristics like income, age, gender, etc. It is basically a practice which divide the target market into the approachable groups. There
are different ways in which segmentation can be done which is illustrated asDemographics whichbreaks the market according to any combination which involves age, income, education, gender and many other. Second isBehaviouralwhereaudience is differentiated on the basis of the consumer behaviour which the customers have regarding the offering of the company. It includes shopping habit, action taken on the website and many other. Third isPsycho-graphic whichis similar to demographic segmentation but draws the distinction on the basis of emotional or mental characteristics and lastly theGeographicwhichmakes the distinction on the basis of the geographical location of the audience like state or country. In context to Sported UK, the market segment of the organisation is on the basis of demographic and also the geographic. Targetingis the process which involves braking the larger audience into small segment. Instead of reaching the entire market, the companies focus on its target market so that it can put its energy in connecting with the defined and specific group of that market(Campuzano, (2018)). The target customer of the Sported UK are the young people of the age group 6- 18 years who are willing to play sports. It also focus on providing its service to the people who are situated in UK and are deprived of necessary resources and income to build their career in sports. Positioningrefers to the ability of the company to influence the perception of the customers. The main objective of this is to establish the identity or the image of the brand or company. The organisation Sported UK have collaborated with different voluntary groups which are small and often under funded and resourced. It position itself into the market by building the largest network of the community group and through their website, they appeal people to join the organisation and become volunteer to it in order to help young people to overcome their barriers to reach the full potential. The marketing strategy is the overall game plan of the business which helps in reaching the perspective customers and turn them into their customers for the product or service. It involves the strategy of the marketing mix which is a set of marketing tool which helps the companies to pursue their marketing objectives in the target market(Devlin, (2020)). The 4Ps of marketing mix in relation to Sported UK is discussed below- Productrefers to the goods or service which the company offers to its customers. The product or service must be such which fulfil the expectation and needs of the customers. In context to Sported UK, the organisation provide sports and physical activity to the young people
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in order to empower them by giving them required resources, professional expertise and operational support free of cost. Pricerefers to the cost which the consumers have to pay in order to consumer the offering of the company. The price of the product or service must be such that matches the real and perceived value of the offering(Vrontis and et. al., (2019)). The Sported UK is a non profit voluntary organisation which provide its service to its target market free of cost. It works to empower the young people in order to pursue their career in sports. Placerefers to the area where the product or service is to be delivered to the market. In relation to the Sported UK, the organisation is expert in engaging the young people in the sports and physical activity. The organisation reaches the young people and have various groups where around 45% of the groups are working in the deprived area of UK. Promotionincludes the activity of advertising, promotional strategy and public relations. The main aim of this is to promote the offering to the potential customers. The Sported UK offers to join the organisation through its website and appeal people to join as volunteer to help the young people and also reaches its target market through physical presence in the local areas. It promotes through newspaper, pamphlets, etc. Business plan involves the planning for the financial assistance which the company needs in order toperform the operations. The organisation Sported UK raises funds for the community groups which provide service to the young people in order to overcome their barriers to the full potential(Lee and et. al., (2016)). The financial assistance and the five year plan of marketing program of the Sported UK is given below-
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CONCLUSION It is concluded from the above essay report that sports business management involves areas like economic and the financial management in the sports. It covers both aspects like international and national of the sports industry in an advanced level. The sports management is the inter disciplinary field which draws on aspects like marketing, finance, law and business. It involves the combination of the skills which relates to planning, directing, organising and controlling the organisation which relates to the sports and physical activity. The Sported UK is a non profit organisation which works for the young people in order to make them empower in this field so that they can over the barriers of their full potential. The target market of the organisation are the young people of UK who are willing to pursue their career in sports. The marketing strategy involves the tool of marketing mix which involves 4Ps where the Sported UK involves offering of sports and physical activity through the professional expertise, resources and operational support, price is free of cost as it is a non profit organisation, the place involves different areas where the target market is situated andthe promotional activities in which Sported UK is involved includes advertisement, website and many other.
REFERENCES Books and Journals Campuzano, M. V. (2018).Rules of the Game: Understanding the Experiences of Latina Executives in the Professional Sports Industry in the US: An Exploratory Qualitative Study(Doctoral dissertation, The George Washington University). Devlin, M. (2020). Sports Industry.The Rowman & Littlefield Handbook of Media Management and Business, 265. Jewell, R. T. (2017). Sports economics: The state of the discipline. InHandbook of sports economics research(pp. 9-18). Routledge. Lee and et. al., (2016). Collaborative strategy in sports industry: team co-branding.The Service Industries Journal.36(11-12). 595-613. Vrontis and et. al., (2019). Managing technological innovation in the sports industry: a challenge for retail management.Competitiveness Review: An International Business Journal. WANG and et. al., (2017). The Development of the Chinese Sports Industry under the New Norm.Journal of Harbin Sport University.(3). 2.