GOALS: The main objective is to develop a brand image revolving around the person that LeBron James is, both for the LeBron brand as a whole and the LRMR (LeBron, Randy, Maverick, Richard) firm. Another important objective to consider is to create a new sports marketing business model that revolves around "the person behind the brand”. In order to do this, it is important to discuss the three target segment videogame endorsement opportunities that are in existence. It is crucial to analyze and choose the best opportunity for LeBron’s brand and the LRMR firm. Another goal to be considered is all the benefits a videogame will bring the firm, such as: easiness to manage, time commitment, good profit and revenues gained towards the firm (making …show more content…
This opportunity of being on the cover of an Electric Arts game will be a great form of exposure. -Threats: They expected him to give up some time of his own in order to shoot commercials and other promotional materials such as: media appearances designed to promote games, etcetera. Benefits: This target would benefit LRMR company in the way that they are already a company that has a deeply understanding on basketball videogames and already has the experience on producing many of them as mentioned on the company’s strengths. They are also offering LeBron James a good amount of money for this two-year contract in order for him to pursue and do business with them. Negatives: Being that the LeBron James brand is all about having fun, I feel that this segment makes him work too much, which is a negative for James because it is something that becomes time consuming for him and it maybe even bans him from pursuing or taking care of other important things going on in his life. • 2K Games -Strengths: This company has a great experience on releasing several sport games under its 2k sports label including: all-pro football 2k, major league baseball 2k, NHL 2k, and the basketball series NBA …show more content…
In the future, LRMR firm, should also begin targeting 2k games. Initially, LRMR should target Microsoft Xbox live, because it meets all the criteria of the segmentation check. This segment is the answer to what LRMR is looking for; being that the main priority is for the LeBron James brand is to have fun. As shown previously, and looking at it as a brand image, this segment would permit James and LRMR to have control over when the game would be released and how it would be promoted; this deal is really flexible which is what the firm is mainly looking for. Being able to make it into whatever LRMR wants it to be, the deal with Xbox Live is the perfect fit. For this segment, there may be some threats and weaknesses that LRMR firm would not totally agree with, but whenever they go back to check all the opportunities and strengths this segment has to offer (which is what they were basically looking for), those weaknesses and threats become a little less important to pay attention to. So in conclusion, they should choose the XBOX Live deal because it offers the biggest opportunity for LRMR to make the game about "the person behind the brand." As a second option, targeting 2k games, it is important to have into consideration that profits and revenues will be much greater if we decide to work with
This case study explores different marketing techniques utilized by Prince sports. Research is conducted by utilizing marketing concepts retrieved from various publications as well as Prince sports website. Evolution in technology, joint ventures and adoption of different marketing techniques proved to be successful for Prince sports. There was an evolution of marketing all together at the height of Prince sports success with the introduction and adoption of social media in the marketplace. Prince sports ability to adapt and make changes based on consumer feedback
This case study will analyze marketing principle and vision in the context of Prince Sports,
Simmons makes a valid point on how the NCAA wants "student athletes" to be good in the classroom and on the court, but they spend so much time perfecting their craft that there isn't enough time in the day, let alone a semester to get their education.
There are many people that hate LeBron James that want to see him fail and blame him for everything he does. The main reason people hate LeBron James is because he calls himself King James and he says that he is the best player in the world. Others would disagree and say
I chose to research and write about the Charlotte Hornets role, in selling licensed and unlicensed merchandise, which has made a foremost impact locally; with helping bring the original team name back to Charlotte: globally with how it has started a culture for retro gear. The Charlotte Hornets team left Charlotte in 2002 brought by Tom Benson of New Olean’s, but the team’s merchandise continued to sell over the years. Football Star’s like Cam Newton have been spotted Courtside wearing the retro product with Original Hornets signature. Not to mention, the greatest basketball player in the world (LeBron James) who plays for another defending rival, hosted a shoe launch with the Hornet's team colors; this confirms that the Hornet’s merchandise has some brand appeal. The Charlotte Hornets Merchandise has had such an impact locally, that it created a campaign; BRING BACK THE BUZZ.
more than sell the product. The athlete actually becomes a ‘human brand’ in his or her own right.”
LeBron James (King James) is an American professional basketball player, who is born on December 30, 1984. He is playing for the Cleveland Cavaliers, and he is a small forward and a power forward. LeBron plays basketball for living. He plays in the NBA league. LeBron is married to Savannah Brinson, and has three kids.
Can you imagine waking up one morning to find out that the best basketball player on the planet is coming back home to play for your city? On July 11, 2014, LeBron James announced that he would be returning to play for the Cleveland Cavaliers. It was a bright, sunny morning. I woke up and went downstairs to eat some breakfast. All summer long, people in Ohio were very hopeful that LeBron would come back. A lot of people thought the rumors were a joke and that it would never happen. They thought he would win another championship and rub it in our faces again while the Cavs were nowhere near making the playoffs for another straight year. The team was bad, but we had a promising point guard to set up LeBron and score the ball too. I went back
The greats in the game of basketball are a hard thing to argue. The best today is easy to tell; they are the players that stand out game by game. They have distinguishable traits that make them the greats of today. Some of those traits can be found in their per 36 Minutes stats. Some players don’t play as much as other players, that is why they have made the per 36 minutes stats. Some players play 42 out of 48 minutes; however, some only play 30 out of 48. The per 36 minutes stats have been made to even out the playing field to see how well a player would play if they played only 36 minutes. Also, some traits that make players stand out is their performance. Some players today at the guard position do things that some centers can’t even do. That
The thesis will take an in-depth look on the journey of Lebron James. From the beginning days in Akron, the fame of his early days in Cleveland, to his villain days in Miami and back up the mountain to being a hero in Cleveland, it will all be discussed. Lebron James is not only a once in a life-time type of athlete, but once in a life-time person and businessman as well. The tactics and lessons one can learn from his strategies are infinite.
Dwyane Wade Jack Shen Mr. Ross English Writing Date3.30 Paper Title Introduction: Thesis: Write the actual one sentence thesis statement. Body Paragraphs: I. Why Wade is good basketball player in NBA. A.
The use of specific athletes in marketing campaigns really began to show promise when athletes like Jordan began wearing their own brands of shoes. The idea to consumers or fans of the NBA that they could wear the same shoes as Michael Jordan, and somehow play like him was an easy sell by Nike. Today it is now common for marketable athletes in almost all sports to wear their own style of shoes, spikes, or skates. An interesting point to make is that through Nike Michael Jordan eventually launched his own clothing line called Jumpman23 that makes everything from socks and underwear to winter coats. Even though Jordan has been retired since 1999 the Jumpman23 company has continued to release a new shoe every single year that are simply called “Jordan 24”, an increasing corresponding number to the number of years the shoes have been produced. The new Jordan shoes still retails at over $150 a pair even though Mike hasn’t stepped on the court in 11 years! After retirement and becoming the CEO of the Jumpman brand Michael Jordan has been able to court other famous athletes from a variety of sports to wear his brand. A few examples of the athletes include Derek Jeter (baseball), Dwayne Wade (basketball), Jason Taylor (football), and April Holmes (track and field). The wide range of athletes in all different sports who now market a brand for arguably the greatest athlete of all time truly shows the money, power, and influence an athlete can experience
6). This strategy is a major component of Nike’s business strategic level plan. In applying this strategy, Nike has attained a great deal of consumer insight, which it uses to offer uniquely designed premium products to the athletes. Still on product differentiation, Nike focuses more on research and development at a greater level. These unique features to Nike, have transformed the competition levels in this competitive industry, leading to a trend of a paradigm shift in the market. Most consumers opt for Nike branded sports products and apparels, at the expense of the other brand names.
Nike's management's bet on celebrities marketing. These athlete celebrities including Michael Jordan and Tiger Woods had introduced and placed Nike and its
LVMH has a diversified source of revenues from all of its different product lines. “Due to its high brand value perception, the company will be able to cross sell its products to increase revenues, primarily because all its products have high end positioning and the customer segment it caters to is uniform across the product