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Lebron James Mission Statement

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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

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