Which of these is not part of the sponsorship triangular business relationship?

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Abstract

On the basis of balance theory, corporate sponsorship of a well-liked charitable event is hypothesized to result in significant enhancement of consumer-perceived corporate community relations. However, on the basis of attribution theory, it is proposed that subjects would employ negative attributions (i.e., corporate self-interest) to explain the sponsorship. Furthermore, it is hypothesized that a structural equation model of charitable event sponsorship will show a significant negative path leading from the negative attributions construct to the outcome construct. As predicted, event sponsorship resulted in a significant enhancement of corporate community relations. However, the hypothesized path was not significant. The effects of sponsorship linkage on the outcome variable were largely mediated through the positive attributions construct.

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Presentation on theme: "Sports Marketing The Event Triangle Sponsorship Competencies 100-107."— Presentation transcript:

1 Sports Marketing The Event Triangle Sponsorship Competencies

2 Event Triangle The model for studying the exchanges developed in Sports Marketing is formatted as an Event Triangle. The Event Triangle emphasizes the relationships between producers and consumers in the sports marketing model.

3 Components of the Event Triangle
Participants The Event Triangle 14 Fan “Spectator” sponsor

4 The “Event” The Event is the sporting or entertainment event which will draw participants, spectators and sponsors The Event can be amateur or professional The Event may provide entertainment The Event may provide an opportunity for exposure for sponsors

5 Examples of Events Superbowl Olympics NCAA “March Madness”
World Series The Stanley Cup Championship VHSL Lacrosse Championships Your High School’s Homecoming Game & Dance

6 The “Sponsor” The Sponsor can use the Event to reach important consumers for the company The Sponsors can utilize the draw of the Event to market its products or services The Sponsor can leverage its relationship to further business opportunities

7 The “Fan” (Spectator) The Fan typically attends the Event as a source of entertainment The Fan usually pays to attend the Event The Fan may be exposed to promotions for the event and event sponsors

8 The Fan’s Role in Sports
Fan = “Fanatic” Someone who is interested, involved and engaged in the event. Football, Basketball, Baseball, Golf Fan is the reason for Sports Marketing The power behind success of sports The economic force SHAPES the game with attention

9 Exchanges in the Triangle 1
Event   Spectator Exchanges Fan: money Event: entertainment, merchandise, … FAN EVENT SPONSOR exchange 15 17

10 Exchanges in the Triangle 2
Event   Sponsor Exchanges Sponsor: money, products, services,… Event: exposure, promotion, sales opportunities FAN EVENT SPONSOR exchange 16 18 19

11 Exchanges in the Triangle 3
Sponsor   Fan Exchanges Fan: money Sponsor: products or services FAN EVENT SPONSOR 17 exchange

12 Event Marketing Concerns
Draw Promotion Sales Opportunities Ambush Tactics 20

13 Effects of Media Broadcasting on the Event Triangle
Expansion of the target market Expansion of marketing opportunities Expansion of distribution & consumption of the event Examples: Cable, Satellite, Pay-Per-View 38

14 Effects of Social Media on the Event Triangle
Social media isn’t about technology, it’s about fans Build online fan communities to allow them to connect with one another, and in turn – to the team Leverage community numbers to make money through e-commerce Sponsorship opportunities present themselves by increasing visits to team sites

15 Your Turn… Choose 1 event & make paper foldable
(See sample provided by teacher below) Explain/describe the event triangle & exchanges for this event - be specific!

Which of the following is the event sponsorship triangle?

The three sides of the Event Triangle represent the three different stakeholders: participants, spectators, and sponsors.

What elements are usually included in a sponsorship agreement?

That said, the basics of a sponsorship agreement often include:.
The date the parties enter into the agreement..
The names and addresses of the sponsor and rights holder/property..
The start and end date the agreement..
Terms regarding the right of renewal/right of first refusal..

What is the purpose of the event triangle?

The event triangle is the model for studying the exchanges developed in sports marketing. It places emphasis on the relationships between producers and consumers.

Which of the following is a common sponsorship objective?

Developing community relations is the most important sponsorship objective for both business and consumer companies. There are usually many such opportunities to help a community. Two or more companies can join hands to sponsor a programme beneficial to the community where they are based.