Marketing Mix for Manchester United Product Essay -- Business Manageme

Marketing Mix for Manchester United Product: A massive sports store selling Manchester united. Introduction Marketing Strategic marketing: defined by Stevens, Loudon, Wrenn, and Warren (1997). ‘Consisting of the complete plan for the accomplishments of the organisation’s mission statements and stated objectives’ And by Hiebing and Cooper (1995) ‘Marketing strategy is a statement detailing how an individual marketing objective will be achieved, and describes the method for accomplishing the objective’ Whereas market strategies are a system designed to help make the decisions that will create a fit between your organisations goals and resources and changing market opportunities’ (Gray 1991). Manchester United: A massive and possibly the richest club in world football today, Started off in 1878, as a small town club originally called ‘Lancashire and Yorkshire Railway Newton Heath’. Became professional in 1885 and adopted Manchester United in 1905. Marketing Mix for Manchester United Product: * Hugely Successful European football team. * A massive sports store selling Manchester united products (e.g. football’s boots, lunchboxes team kits etc...). * The personal images of being a winning team so making the supporters believe they are winners. * The game experience including, food, drink, entertainment before and at half time and the match). * Images of idols. E.g. idol to kids is Wayne Rooney, older generation Bobby Charlton or Eric Cantona. * M.U.T.V. A television station on sky giving fans an insider’s view to the clubs history, present and future goings on. * M.U. finance. A selection of credit cards, insurances, savings, mortgages and loans. * M.U.... ...n to ensure compatibility of its recommendations with EU law. Strengths †¢ Large Fan base †¢ Large facilitated club stadium †¢ Constant income from tickets to kits to insurance †¢ Have partnerships with major brands such as Nike, Vodaphone and Budweiser. Weaknesses †¢ Many fans live abroad and cannot attend games regularly †¢ Are Manchester’s products such as insurance market orientated? †¢ Losing fans to Chelsea Opportunities †¢ To gain the fan base of USA and parts of Asia †¢ partnerships could lead to bigger market share †¢ Young idols appearing which most kids want to copy. E.g. Wayne Rooney †¢ Wage cap means some clubs can’t afford certain players †¢ Team can attract big name players Threats †¢ Chelsea †¢ Peter Kenyon's move to Chelsea †¢ Real Madrid's control over Asia †¢ No longer having David Beckham †¢ Britain’s economic slow down Marketing Mix for Manchester United Product Essay -- Business Manageme Marketing Mix for Manchester United Product: A massive sports store selling Manchester united. Introduction Marketing Strategic marketing: defined by Stevens, Loudon, Wrenn, and Warren (1997). ‘Consisting of the complete plan for the accomplishments of the organisation’s mission statements and stated objectives’ And by Hiebing and Cooper (1995) ‘Marketing strategy is a statement detailing how an individual marketing objective will be achieved, and describes the method for accomplishing the objective’ Whereas market strategies are a system designed to help make the decisions that will create a fit between your organisations goals and resources and changing market opportunities’ (Gray 1991). Manchester United: A massive and possibly the richest club in world football today, Started off in 1878, as a small town club originally called ‘Lancashire and Yorkshire Railway Newton Heath’. Became professional in 1885 and adopted Manchester United in 1905. Marketing Mix for Manchester United Product: * Hugely Successful European football team. * A massive sports store selling Manchester united products (e.g. football’s boots, lunchboxes team kits etc...). * The personal images of being a winning team so making the supporters believe they are winners. * The game experience including, food, drink, entertainment before and at half time and the match). * Images of idols. E.g. idol to kids is Wayne Rooney, older generation Bobby Charlton or Eric Cantona. * M.U.T.V. A television station on sky giving fans an insider’s view to the clubs history, present and future goings on. * M.U. finance. A selection of credit cards, insurances, savings, mortgages and loans. * M.U.... ...n to ensure compatibility of its recommendations with EU law. Strengths †¢ Large Fan base †¢ Large facilitated club stadium †¢ Constant income from tickets to kits to insurance †¢ Have partnerships with major brands such as Nike, Vodaphone and Budweiser. Weaknesses †¢ Many fans live abroad and cannot attend games regularly †¢ Are Manchester’s products such as insurance market orientated? †¢ Losing fans to Chelsea Opportunities †¢ To gain the fan base of USA and parts of Asia †¢ partnerships could lead to bigger market share †¢ Young idols appearing which most kids want to copy. E.g. Wayne Rooney †¢ Wage cap means some clubs can’t afford certain players †¢ Team can attract big name players Threats †¢ Chelsea †¢ Peter Kenyon's move to Chelsea †¢ Real Madrid's control over Asia †¢ No longer having David Beckham †¢ Britain’s economic slow down