Lesson Plan Course Title: Sports and Entertainment Marketing Session Title: Managing the Information Performance Objective: After completing this lesson, the student will explain the options for electronic data collection and discuss the concept of data-driven decisions. Specific Objectives: • • • • • The student will explain the value of information gathered through marketing research to businesses. The student will define data mining. The student will explain the purpose of a cookie when collecting consumer data. The student will explain the importance of consumer privacy. The student will explain the importance of click-through rate when ranking computer advertisements. TERMS • • • Data mining-using powerful computers to “dig up” data needed to make decisions (part of marketing research) Cookie-a small data file that is placed on the hard drive of a web site visitor that collects and reports data on the visitor Click-through rate-determined by dividing the number of times an ad is clicked on by the number of times an ad is shown Copyright © Texas Education Agency 2011. All rights reserved. 1 Preparation TEKS Correlations: This lesson, as published, correlates to the following TEKS. Any changes/alterations to the activities may result in the elimination of any or all of the TEKS listed. 130.346 (c)(7)(A) …explain characteristics and purpose of a marketing-information system… 130.346 (c)(7)(B) …identify benefits and limitations of marketing research… 130.346 (c)(7)(C) …explain the use of inventory control information to prepare financial reports and make buying decisions… 130.346 (c)(7)(D) …analyze data used to make accurate forecasts… 130.346 (c)(14)(B) …distinguish among sports and entertainment marketing terms… Interdisciplinary Correlations: English: 110.31 (b)(21)(B) … organize information gathered from multiple sources to create a variety of graphics and forms (e.g., notes, learning logs)… 110.31 (b)(22)(B) …evaluate the relevance of information to the topic and determine the reliability, validity, and accuracy of sources (including Internet sources) by examining their authority and objectivity… 110.31 (b)(23)(C) … uses graphics and illustrations to help explain concepts where appropriate… 110.31 (b)(23)(D) … uses a variety of evaluative tools (e.g., self-made rubrics, peer reviews, teacher and expert evaluations) to examine the quality of the research… Teacher Preparation: Teacher will review the terms in the outline, PowerPoint slides and handouts to become familiar with lesson. Copyright © Texas Education Agency 2011. All rights reserved. 2 Teacher should locate and evaluate various resources and websites before the lesson. Teacher will have assignments and website information ready to distribute to students. References: Sports Business Journal Sports Illustrated Advertising Age Instructional Aids: 1. Display for PowerPoint, websites for assignments and class discussion 2. Sports and Entertainment Marketing, 3rd edition, Kaser & Oelkers, South-Western Cengage Learning: Sports and Entertainment Management, Kaser & Brooks, SouthWestern Cengage Learning. 3. Advertising Age 4. USA Today 5. Sports Illustrated 6. “The Gallup Organization” website Materials Needed: 1. Printer paper 2. Assignments and website information ready to distribute to students. (Attracting Youth to Professional Sports Survey/Promotional Event) Direction Sheet 2. Sports Business Journal and Entertainment Industry Economics: A Guide for Financial Success 3. Internet access to Hulu videos Student projects will be displayed to increase interest in Sports and Entertainment Marketing. Equipment Needed: 1. Computer with PowerPoint and Internet Access 2. Projector to Show Internet Sites Undercover Boss Episodes 3. Computers for Students to Conduct Research and Collect Data for Projects Learner Preparation: Tell students to use the Internet to conduct research about the Baby Boomers. Then, ask students to list 10 characteristics of the Baby Boomers and to make suggestions about sports and entertainment events for this group of people. What would be the best strategy to determine Copyright © Texas Education Agency 2011. All rights reserved. 3 the types of sports and entertainment events interest this group the most? Show students pictures of football, baseball, basketball, concerts, and other entertainment events. Then, ask students to rank their level of interest for each type of entertainment (1-10). Calculate the results of the class and then explain how marketing research is used to determine the interest level of consumers and then provides the entertainment to satisfy customers’ wants. Introduction Introduction (LSI Quadrant I): SHOW: Show students a clip of a college football team (underdog) defeating a highly ranked team. ASK: Ask students what the winning university can do to maintain the crowd enthusiasm generated by the upset victory. SAY: Explain how marketing research can help university bookstores and other retailers to determine what merchandise will be purchased by fans. ASK: Ask students to list their favorite items to purchase at a fast-food restaurant. Then ask students what would cause them to order a different item from the menu. SAY: Explain how restaurants constantly watch the buying habits of consumers and public perception of their menu items. Then the restaurants produce a marketing message that makes an impact with customers and the public’s perception. ASK: Ask students what the best strategy is for a store to keep track of its merchandise inventory. SAY: Explain how computers and cash registers keep track of inventory and will automatically reorder when the supply is low. ASK: Ask students why a store must make a reliable calculation for the quantity of merchandise that consumers will buy during a season. SAY: Explain how too much inventory will result in smaller profits since the merchandise will have to be marked down for sale. Also explain the importance of keeping a tight budget. Outline Outline (LSI Quadrant II): Instructors can use the PowerPoint presentation, slides, handouts, and note pages in conjunction with the following outline. Copyright © Texas Education Agency 2011. All rights reserved. 4 MI Outline Notes to Instructor I. Collection of Data A. information gathered through marketing research can be very valuable to businesses B. information must be collected, stored, and analyzed before it is of use C. quality and validity of the data collected are critical to the usefulness of the information Use PowerPoint and current events as aids. II. Data Mining A. part of marketing research B. powerful computers are used to “dig up” data needed to make decisions C. ACNielsen’s Research 1. generally based on actions rather than opinions 2. input, storage, and analysis is done electronically 3. estimates the number of people by selecting a sample of the total market and then recording the viewing habits of the people in the sample 4. uses 10,000 households as the representative sample of the 109.6 million U.S. households with televisions D. ACNielsen Sports 1. identifies households by their interest in professional sports 2. use 125,000 households that make up a consumer panel 3. link a household’s interest in professional sports to its purchases of specific brands and products and even to specific stores where household members shop E. Cookies 1. Nielsen households serve voluntarily as part of the sample 2. electronic marketers gather information about visitors to their web sites by using cookies Use PowerPoint as aid. Research is only valuable only if careful thought has been given to what information is needed and the best strategy to collect the information from the target market. Data mining watches what individuals do on the computer. ACNielsen counts on a sample of the total market to help television networks and professional sports make decisions that will have an impact on their target markets. Cookies keep track of who visited web sites. Once customers’ interests are determined, organizations can make better-informed decisions about products they offer the customers. Copyright © Texas Education Agency 2011. All rights reserved. 5 3. cookie-a small data file that is placed on the hard drive of a web site visitor that collects and reports data on the visitor 4. cookie tracks how often the computer is used to visit the site, where visitors go within the site, which ads they view and click on, where they clicked from to get to the site 5. knowing customers’ interests and habits allows companies to better focus on what customers want F. Consumer Privacy 1. decisions based on data can help customers make the right choices and businesses become more successful 2. data must be collected and used with care 3. protection of customers’ privacy and their right to know how their personal information is being used are key issues being addressed by the industry and federal legislation 4. great concern about marketing information gathered from children 5. security of credit card information is a concern for Internet shoppers 6. Internet usage is growing at a tremendous rate 7. entertainment industry is working to collect data about who is stealing from its members 8. technology is used to notify the copyright holder of every use of a movie on a digital TV set and the copyright holder would be notified if the movie is transferred or viewed on a computer III. Data-Driven Decisions A. Every day customers and marketers use data to make decisions. B. Businesses need information about customers to make sure they are offering the right marketing mix. C. Customers look at product ratings, descriptions, and prices to help them make product choices. D. Ranking the Ads 1. Internet sites like Google are search engines used by individuals to find relevant web sites Marketing researchers must respect the privacy of consumers. Information about consumers cannot be randomly shared without the consumers’ knowledge. Technology is also used to determine who is illegally downloading music and movies. Individuals must understand that every time they use the Internet, there is a strong possibility that their actions are being watched as part of marketing research. Use PowerPoint as aid. Decisions are based upon marketing research numbers. Product ratings influence consumer decisions. Ads that pop up on Google and other search engines are ranked by the number of consumer Copyright © Texas Education Agency 2011. All rights reserved. 6 2. Google is funded by sponsors that advertise on the site. 3. Google ranks or positions advertisements on its search-results pages based on the amount companies are paying for the ads and based on data collected by Google. 4. click-through rate-determined by dividing the number of times an ad is clicked on by the number of times an ad is shown (effectiveness of the ad is immediately known) IV. Inventory Control A. having merchandise when customers need it B. using technology for inventory control C. using technology to automatically order merchandise to re-stock the retail business Verbal Linguistic Logical Mathematical Visual Spatial Musical Rhythmic Bodily Kinesthetic Intrapersonal clicks. Use PowerPoint as aid. Time utility is essential in the retail industry. Technology is used to keep accurate up-todate records of the inventory and reorder to make sure customers’ needs and wants are satisfied. Interpersonal Naturalist Existentialist Application Guided Practice (LSI Quadrant III): Tell students that advertising tobacco products on television is prohibited. Then ask students why market researchers still want to collect data about televised sports watched by smokers? Movie theaters often charge more for popcorn and a drink than they charge for a movie ticket. Is there a point at which moviegoers will not buy refreshments due to the price? How can theaters know the price point at which demand is the highest? Discuss how marketing research can be used to determine the price point for concessions sold at the movie theater. Copyright © Texas Education Agency 2011. All rights reserved. 7 Independent Practice (LSI Quadrant III): Attracting Youth to Professional Sports Survey/Promotional Event Professional sports teams are concerned about the decline in youth attendance at games. Ask students to develop a ten-question survey for youth that would help an organization design promotional strategies aimed at increasing youth attendance at games. The, outline an event sponsored by a professional sports team that would attract the attention of youth and generate loyalty from this age group. This project will be evaluated using the assigned rubric. Summary Review (LSI Quadrants I and IV): Question: How can marketing research be valuable to businesses? Question: How does ACNielsen use data mining? Question: What is a cookie in the world of technology? Question: What is a click-through rate? Question: Why is consumer privacy an issue with marketing research? Question: Do marketing researchers, credit card companies, and retailers have an obligation to protect their customers’ personal data? Question: Why should a retailer consider using electronically-stored data to maintain their inventory? Evaluation Informal Assessment (LSI Quadrant III): Instructor should observe the work ethic of individuals involved in class discussions and the independent practice activity. Copyright © Texas Education Agency 2011. All rights reserved. 8 Formal Assessment (LSI Quadrant III, IV): Students will be evaluated on their “Attracting Youth to Professional Sports Survey/Promotional Event” by using the assigned rubric. Extension Extension/Enrichment (LSI Quadrant IV): Setting the Price Student Directions 1. If you were an event manager, how would you determine what to charge for tickets to the event? What kinds of information would you need to know about the people who might attend the event? 2. Choose a local entertainment event and conduct research to determine the price for attending the event. Also conduct research to determine attendance at the event. 3. Describe the type of research that the organization hosting the event could use to determine the highest prices that can be asked for admission to the event. Copyright © Texas Education Agency 2011. All rights reserved. 9 Sports and Entertainment Marketing Student Directions Independent Practice (LSI Quadrant III): Attracting Youth to Professional Sports Survey/Promotional Event 1. Professional sports teams are concerned about the decline in youth attendance at games. 2. Develop a ten-question survey for youth that would help an organization design promotional strategies aimed at increasing youth attendance at games. 3. Outline an event sponsored by a professional sports team that would attract the attention of youth and generate loyalty from this age group. This project will be evaluated using the assigned rubric. Copyright © Texas Education Agency 2011. All rights reserved. 10 Attracting Youth to Professional Sports Survey/Promotional Event 25 20 15 10 Ideas/Research Questions Researchers independently identify at least 10reasonable, insightful, creative ideas/questions to pursue when doing the research. Researchers independently identify at least 10reasonable ideas/questions to pursue when doing the research. Researchers identify, with some adult help, at least 10reasonable ideas/questions to pursue when doing the research. Researchers identify, with considerable adult help, 10reasonable ideas/questions to pursue when doing the research. Plan for Organizing Information Students have developed a clear plan for organizing the information as it is gathered and in the final research product. All students can independently explain the planned organization of the research findings. Students have developed a clear plan for organizing the information in the final research product. All students can independently explain this plan. Students have developed a clear plan for organizing the information as it is gathered. All students can independently explain most of this plan. Students have no clear plan for organizing the information AND/OR students in the group cannot explain their organizational plan. Promotional Event Detailed concrete promotional event that matches the interest of the target market Interesting promotional event that needs more concrete details Promotional event Promotional event that lacks necessary that does not match characteristics of the detail target market Survey Conducted Conducted the survey and recorded results from at least 20 participants Conducted the survey and recorded results of at least 15 participants Conducted the survey and recorded results of at least 10 participants CATEGORY Conducted the survey and recorded results of at least 5 participants Total Points Earned __________ Copyright © Texas Education Agency 2011. All rights reserved. 11