Strategic Marketing Leadership: marketing management with a plan
A plan should have strategy (the big picture) and tactics (the details), but not just a marketing plan, a full on Marketing Planning Process (MPP) because as someone once said, plans are worthless but planning is priceless
Tennis: available but not well-marketed. Golf: not very available! Major initiative to increase availability happened, but when results were not forthcoming, determined that the game requires highly available time and money, so efforts made to market the fast mode (forward tee box? don’t know how that works but ok). Now Golf 2.0 is an attempt to adapt golf to survive in a changing culture
Hockey has been lagging in popularity in part from its labor strife, but also needs more marketing. This could be quidditch’s future though, with a 5% market share and an avid core fan base that can’t seem to grow past it.
The MPP process is like the scientific method, constantly taking in data to adjust hypothesis and reevaluate regularly
One of the keys to marketing is a Core Vision (it probably helps a lot if your people actually believe it too)
Acronyms:
- SWOT – strengths, weaknesses, opportunities, threats analysis
- DBM – data-based marketing
- CRM – customer relationship management
- ROI – return on investment (but I already knew that one)
- ROO – return on objectives (intuitive)
Whole pages dedicated to specific examples of identifying and/or creating opportunities to partner with other programs to gain marketing advantages and popularize the sport.
The Internet. That’s the whole tweet.
Ambush marketing is pretending to be a sponsor but not actually breaking the law in how you display logos. SNEAKY. The Olympics seem to be a big attractor of this trend.
Fads vs trends. Things that don’t fit into peoples’ lifestyles and meet their needs and lifestyle will fizzle out. Probably some guesswork involved though.
The SWOT analysis will give ideas and vision on how to navigate but it must be reconciled with the Core Vision(tm). At least if you don’t want to be a soulless sellout.
Goals & Objectives: objectives are more tangible and narrower. Goals are often BHAGs (“big, hairy, audacious goals” haha) derived from the vision and served by objectives.
Objectives need to be tuned to the goal. If the goal is something other than money, like prestige or popularity, the objectives must be created and success measured in that language.
For standard sports money goals, use the TiMSS plan to start: Ticket Marketing, Sales and Service.
Marketing segmentation (detailed in ch5) is identifying sub-populations within your population and how to market to each one differently. Depends on good DBM to accurately market to each sub-population (market segment) effectively.
Market development: the Escalator concept. The idea is that people start out as peripheral fans (logical, since we must be stingy with our time/money/energy) and escalate to higher levels of involvement over time. Three part plan as a result: retention (keeping avid fans happy), growth (getting casual fans more involved), and acquisition (acquiring new casual fans).
Positioning is the “positioning” of the product in the mind, to make it more appealing or sticky. Examples given of marketing NASCAR and MLS, but these are still at the executive level, not just marketing a complete product but deciding what direction to take the sport in.
Marketing is made of the 5 Ps, and here is some of John Spoelstra’s advice matched to the relevant P of marketing (since the book suggests they can be matched):
- Bring radio and television production in house (PUBLIC RELATIONS)
- Sell at least 80 percent of all tickets before the opening game (PLACE)
- Develop a full menu of season-ticket packages such as 3-game, 5-game and weekend (PROMOTION)
- Don’t wait for a superstar. Find other ways to sell the team (PRODUCT)
- Remember that on average 50% of local revenue comes from ticket sales and it forms the foundation of the business (PRICE)
(These are just my guesses, the book doesn’t seem to give answers)
The marketing plan must be in line with the vision of senior executives who must back the plan (DUH) and may require taking some risk.
Successful organizations design themselves around their strategies, not the other way around (there is no direct explicit evidence of this, though I can infer that the Washington Power example shows not starting your team at the right time of year can be a disaster). KC Wizards > Washington Power, in terms of marketing.
Step 5: Control and evaluate implementation (use data to test hypotheses, rather than pre-draw your conclusion). Debrief success as well as failure! The point is not whether one finds the true answer; the point is in pursuit of the answer (and also whether you can feed your family that night).
Important equation:
Consumer Satisfaction = Product benefits — Cost
Chapter 2 of the book
There’s a brutal example of not ensuring customer satisfaction in selling cheap tickets with food to try and rustle up a home crowd, annoying the season ticket holders. Satisfaction will hinge on perceived total cost, respect one is treated, and other nebulous concepts that arise from cold hard money-related sources.
I did not realize that FSU had done such intense work with their Seminoles mascot. That’s …. actually pretty cool.
MMP’s ethics framework, from Laura Nash:
- Have you defined the problem accurately?
- How would you define the problem if you stood on the other side of the fence?
- How did this situation occur in the first place?
- To whom and to what do you give your loyalty?
- What is your intention?
- How does this intention compare with probable results?
- Whom could your decision or action injure?
- Will you discuss this with affected parties before making the decision?
- Will your position be valid over the long run?
- Could you disclose your decision or action without qualm?
- What is the symbolic potential of your action if understood? If misunderstood?
- Under what conditions would you make exceptions?
The market research that provides contact and information on avid fans is the center of the marketing plan. Find out what they want, how to make the organization better for them, and then build on that first (retaining avid fans is a higher priority than growing or acquiring fans, since the avid fans provide a much higher value and are more integral to the sport than the hypothetical future fans you might get by marketing to casuals).