The most general principal of sports marketing on the team side is finding a way to promote and sell your brand without being dependent on winning, since the on-field results are outside of your control. It seems like along those lines, Canada may have made a mistake with their “Own the Podium” program. I had this thought while reading a recent ESPN.com article about Canada conceding the Olympic medal race.
To provide a quick background, the “Own the Podium” program was an effort by Canada to commit more money to their Olympic athletes that have the best chance of winning medals, with the overall goal of taking home the most medals of any competing nation. Canada currently sits in 5th place with just ten medals, 15 behind current leader, the United States. Now I’m not saying they shouldn’t have committed the money towards their athletes to help them try and succeed in their respective sports. I applaud their efforts to provide extra support to their athletes leading up to and during their host Olympics. However, I think they mis-branded their efforts, and because they are going to fall short in the overall medal count, the program now appears to have failed.
By publicly branding their efforts to “Own the Podium” with a goal of winning the most medals of any country, they created a perception that anything less than perfection would be failure. Canada finished third in the medal count four years ago, and before that, they never finished higher than fourth, so this was quite a goal to set. They could have made the same financial commitment to their athletes with a goal of being in the top 3 (which fits with the general theme of the top 3 athletes receiving medals), and this still would have been a huge (and still achievable) accomplishment. They also could have branded their program with something more related to being the host country than with specific results, something like “The Pride of Canada”. This focuses the rallying cry around supporting the local athletes, not just on their results. By conceding that they will not reach their goal, Canadian athletes and fans alike could easily look back to the 2010 Vancouver Games and think about their nation’s failure instead of pride in their country for hosting the Games and in their athletes for their efforts. Not only that, by making this public concession now, they’ve potentially overshadowed any additional medals that Canadian athletes win during the remainder of the Games.
Of course, the other side of this would be if they did achieve their goal, the Canadian Olympic Committee would look absolutely brilliant. In general, tying any branding or marketing platform to the on-field results is a high risk/high reward proposition, and when you’re dealing with a global stage like the Olympics, I don’t think it was worth the risk.
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Last spring, I wrote about an interesting promotion that Coke Zero was running in conjunction with NCAA Basketball called
One of the things I love about minor league sports is that they have so much freedom to try different things, and ultimately, all their promotions revolve around creating a fun atmosphere for their customers. They realize that they have a very wide spectrum of customers, from the local die-hard baseball fans to families looking for affordable entertainment. For many, minor league sports are the only alternative for those that want to attend live sporting events, but cannot afford the prices that come with tickets to major league games.
Yes, this post has to do with Tiger Woods, but not in the same manner as most of the other stories circulating out on the Internet. I want to quickly address the unique opportunity that Tiger’s absence is creating in the business landscape for golf. Beyond the basic idea that other golfers will have a better chance of winning and building up their own brand, this is an incredible chance for equipment manufacturers that are NOT endorsed by Tiger to step up and gain market share.
Yesterday I received an email from the Arizona State Athletic Department, announcing that all students would be given free admission for the next three home games. That got me to thinking about what other teams were offering to their fans this holiday seasons.
I saw a great story the other day about
By now, we’ve all heard the updates on the Tiger Woods saga… possibly ad-nauseum. For me, this was the moment I realized I no longer want to hear about the private lives of athletes. Don’t get me wrong, I check People.com occasionally, but I also spend half my day on ESPN.com. Also, I understand the millions of dollars in endorsements that can be wiped out by a US Weekly-worthy single transgression and it’s definitely news-worthy if there is a major criminal offense that has been committed.
The New Jersey Nets are currently suffering through a historically bad start to their season. Seventeen games, seventeen losses and a fired head coach is a tough stretch to say the least. While the goal of the business side of the franchise is to generate a profit regardless of the product on the court, there is no doubt that this type of situation can be very damaging to the organization. In particular, the Nets have several factors they must overcome:
