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Sports Marketing Chapter 2
Chapter 2
29
Marketing
Undergraduate 4
09/10/2012

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Term
Competition
Definition
The attempt all organizations make to serve similar customers;also, a threat that is thought to be reduced by sponsorship
Term
Contingency Framework for Strategic Sports Marketing
Definition
A model for predicting and strategically aligning the marketing process with internal and external contingencies
Term
Control Phase
Definition
The phase of the strategic sports marketing process of evaluating the response to plans to determine the effectiveness
Term
Cultural Values
Definition
Widely held beliefs that affirm what is desirable by members of a society
Term
Culture
Definition
The set of learned values, beliefs, language, traditions, and symbols shared by members of a society and passed down from generation to generation
Term
Demographic Environment
Definition
Population trends such as total number of consumers, age, ethnic background, geographic dispersion, and so on
Term
Direct Competition
Definition
Competition between sellers producing similar products and services
Term
Economic Activity
Definition
The flow of goods and services between producers and consumers
Term
Environmental Scanning
Definition
A firm's attempt to continually acquire information on events occuring outside the organization so it can identify and interpret potential trends
Term
External Contingencies
Definition
All influences outside the organization that can affect its strategic marketing process
Term
Goal
Definition
A short-term purpose that is measureable and challenging, yet attainable and time specific
Term
Implementation Phase
Definition
Phase of the strategic sports marketing process of deciding who will carry out the plans, when the plans will be executed, and how the plans will be executed
Term
Indirect Competition
Definition
Sports marketers' competition with all other forms of entertainment for the consumers' dollar
Term
Internal Contingencies
Definition
All influences within the organization that can affect its strategic marketing process
Term
Macroeconomic Elements
Definition
The big picture, such as the national income
Term
Market Selection Decisions
Definition
Decisions made to segment markets, choose targeted consumers, and position the sports product against the competition. These decisions that dictate the direction of the marketing mix
Term
Marketing Environment
Definition
The competitive forces to be assessed in the strategic sports marketing process
Term
Marketing Mix
Definition
Integrating sports products, pricing, promotion, and place to meet identified sport consumer needs
Term
Microeconomics Elements
Definition
Smaller elements of the big picture, such as consumer income level
Term
Objectives
Definition
The long-range purposes of the organization that are not quantified or limited to a time period
Term
Organizational Culture
Definition
The shared values and assumptions of organizational members that shape an identify and establish preferred behavior
Term
Organizational Strategies
Definition
The means by which the organization achieves its objectives and marketing goals
Term
Physical Environment
Definition
Nataural resources and other characterisitcs of the natural world that have an impact on sports marketing
Term
Planning Phase
Definition
Phase of the strategic sports marketing process of understanding sports consumers through marketing research and identifying their wants and needs
Term
Political, Legal, and Regulatory Environment
Definition
Legal and political issues that affect sports and sports marketing
Term
Strategic Sports Marketing Process
Definition
The process of planning, implementing, and controlling marketing efforts to meet organizational goals and satisfy consumers' needs
Term
Strategic Windows
Definition
Limited periods of time during which the characterisitics of a market and the competencies of a firm fit together and reduce the risks of a market opportunity
Term
Technology
Definition
A rapidly changing environmental influence on sporst marketing; it can have an indirect or direct influence on pricing decisions
Term
Vision
Definition
An organization's long-term road map that creates its purpose and identity
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