Bozman, Carl S., Daniel Friesner, Matthew Q. McPherson, and Nancy M. Chase. "Intangible and Tangible Value: Brand Equity Benefits Associated with Collegiate Athletics." International Journal of Sports Marketing & Sponsorship (2015): 261-84. Web.
The authors of this study include Carl Bozman, a Professor of Marketing at Gonzaga University's School of
Business Administration, Daniel Friesner, an Associate Dean and Professor of Social Administrative
Science at North Daokate State's College of Pharmacy, Nursing and Allies Sciences, Matthew McPherson,
an Associate Professor of Finance at Gonzaga's School of Business Administration, and lastly Nancy
Chase, an Associate Professor of Management Information Systems at Gonzaga's School of Business
Administration. In summary, their study focuses on the brand equity associated with collegiate athletics
and the benefits that come with it. The study defines brand equity as "the additional value (beyond all
characteristics) that accrues to a product as result of its name" (265). It emphasizes that the university's
primary mission in establishing an athletics program is centered on this brand equity in the hopes of
generating greater sources of mass revenue to compound the immediate revenue the athletic program
garners. It argues that because programs typically lose money, the university cannot value its athletic
program based on its immediate revenue. The justification is then said to be associated with the benefits
and revenue that an established brand equity brings to the university. These additional revenues come in
the from of increased student retention (tuition), donor retention, fundraising events, sponsorship ,
merchandise and ticket sales, etc. In addition to generating greater sources of revenue, the study also
argues that the brand equity advances the community perception, both within the school and it's specific
town/city location, by creating an image and appeal that the university/location is a "more attractive place
tlive, establish a business, or visit" (263). As a result, it is argued that the athletic departments brand equity
further enhances the overall economic impact within the school and local community. This defines it as an
"indirect effect" of community members as a whole spend their money on goods and services that stimulate
the local economy.
This source will serve as a significant source in my paper by establishing the reason why so much money is redirected away from academics, and allocated to athletics. It will serve as the backbone in the system of collegiate athletics that I will describe in my paper as the main reason/issue behind why college athletics compromises academic values.
e
No comments:
Post a Comment