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Tiger Woods Brand Image

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TW – Exec Summary The following report examines how Tiger Woods’ functional and reputational core competencies have affected his professional life, specifically relating to his financial status as a marketing tool for golf companies. Prior to his 2009 scandal, Tiger Woods was ranked #1 in the world, one of the highest grossing athletes, and one of the leaders earning multiple lucrative endorsement deals. He made millions leverage his two major core competencies: functional (professional athleticism-based) and reputational (image-based). Functionally Tiger was one of the greatest golfers in the history of golf as a sport. Reputational-wise, Tiger was perceived as a positive role model demonstrating strong and confident manhood and …show more content…

Collaborators need to focus on directly supporting Tiger and his golf game, ensuring he is performing at his optimal level to result in the increased likelihood of wining more tournaments. Companies who have hired Tiger as the face of their product brands need to create a direct correlation between the intangible benefits of Tiger’s brand – credibility, customer loyalty, and dependability. Customers and the greater demographic of general golf fans will continue to recognize value and reputational quality in Tiger’s endorsements through his personal value proposition to his customers. On the more functional-side, winning is still the primary indicator of how well Tiger is accepted back into society as a whole. One strategy is for Tiger to win for major golf championships: the Masters Tournament, U.S. Open, The Open, and the PGA Championship. Tiger still has his unique name and style also to his advantage. He is amongst many equally talented golf professionals, but few are as well-known as Tiger. The Tiger Woods brand is able to bring value to all stakeholders involved, increasing his added value from both the reputational and function stand point regarding his endorsement companies and team collaborators. Stakeholders and Woods assist each other by reciprocating the benefits of having Tiger as a strong athlete and celebrity, as well as name

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