Shared Flashcard Set

Details

sport management
exam 1
38
Sports
Undergraduate 4
10/02/2013

Additional Sports Flashcards

 


 

Cards

Term
where did the early sports come from?
Definition
England
Term
what were some of the earliest sports?
Definition
thoroughbred racing,soccer, baseball
Term
why was thoroughbred racing so popular?
Definition
anyone could attend!
Term
what contributed to thoroughbred racing's growth and popularity?
Definition
gambling and competition
Term
club sports
Definition
olympica, ncaa, augusta national golf club,european soccer
Term
what were the two main reasons the EM didn't work in the US?
Definition
1. religion 2. didn't have a middle class
Term
why did harness racing make it in the US?
Definition
anyone could do it.
Term
what are some recent created sporting events?
Definition
X-games
Term
effa manley
Definition
1st woman in sport management. co-owner of Newark eagles In the negro baseball league.
Term
billie jean king
Definition
founded the womens tennis association, worls teamtenning, and the womens sports foundation.
Term
kim ng
Definition
Chinese American executive in major league baseball. currently the vice-president for baseball operations with MLB
Term
Heidi ueberroth
Definition
president of NBA international. oversaw NBA's global expansion.
Term
rita benson leblanc
Definition
vice chairman of the board of the NO saints of the NFL
Term
Jeanie buss
Definition
American executive for the LA Lakers of the NBA. VP of business operations and NBA Board of governors representative
Term
Sheila johnson
Definition
WNBA Washington mystics team president, managing partner, and governer.
Term
Julie hermann
Definition
athletic director at Rutgers. served as executive senior associate director of athletics for U of L
Term
pennant race
Definition
even the best teams had to lose a substantial portion of their games
Term
fred corcoran
Definition
architect of pro. golf tournament
Term
arenas
Definition
Indoor facilities that host sporting and entertainment events.
Term
stadiums
Definition
Similar to arenas but are outdoor/domed facilities.
Term
convention centers
Definition
Almost always built and owned by a public entity.
Built to lure conventions and business meetings.
Term
theatres
Definition
Public assembly facility that are primarily utilized for the presence of live artistic entertainment.
Term
university venues
Definition
Consist of stadiums, arenas, and theatres. Market dictated by student population.
Term
metropolitan facilities
Definition
Venues located in large cities. Considered must play venues because of size and revenue.
Term
bonds
Definition
The $ to build facilities is usually attained by issuing bonds which are a promise by the borrower to pay back the lender a specified amount of $ with interest, within a specified period of time.
Term
general obligation bond
Definition
are backed by the local gov’s ability to raise taxes by the pay off the debt. These are considered relatively safe investments
Term
revenue bond
Definition
backed spec. by the fac. Ability to generate revenues. These are riskier b.c the fac. has to gen. sufficient funds to meet both the annual operating costs of the arena and the annual debt payments.
Term
property tax
Definition
paid by homeowners who are often long-term res. Of a city.
Term
occupational tax
Definition
taxes anyone who works in the community, regardless of whether that person actually resides in the community
Term
hospitality tax
Definition
forces visitors to pay directly for the facility but a locality must be careful not to make the tax so high that it becomes a barrier to people
Term
saturated markets
Definition
markets w. several venues in a close proximity to one another
Term
four main factors that cause sport consumers to purchse/ not purchase a sport org. product or service
Definition
quality, quantity, time, cost
Term
aftermarketing
Definition
process of providing continued satisfaction and reinforcement to individuals or organizations who are past or current customers
Term
up-selling
Definition
Corresponds to the escalator concept whereby sport organizations are continually striving to move customers up the escalator from purchasing single-game tickets to purchasing mini-ticket plans, and then to full season ticket packages
Term
eduselling
Definition
instructive process that continually and systematically supplies information and assistance to the prospective sponsorship decision maker in order to enhance product knowledge, facilitate understanding of product benefits, and establish a sense of partnership between rights holder and buyer
Term
top ten rules for a good sales person
Definition
1. Laugh
2. Use a common-sense fit
3. Wear Teflon (don’t take rejection personally)
4. Know the prospect
5. Pump up the volume (make a lot of calls, see a lot of people)
6. Knock on old doors (keep trying)
7. Consult, don’t sell
8. Listen
9. Have two kinds of beliefs
10. Ask for the order (close the sell)
Term
suggested sales process
Definition
1. Schedule a meeting
2. At 1st meeting, listen 80% of the time.
3. Arrange follow-up meeting.
4. Create proposal.
5. Present the proposal as a draft.
6. Negotiate final deal and sign.
Term
big four rules of sport selling
Definition
Process of identifying customers
Be able to get through to customers
Increase awareness & interest in product
Persuade customer to act on interest (purchase)
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