Do you think there are any NBA organizations that should consider rebranding or reconnecting with their community and fans? Explain.
A team that is wanting to rebrand can be doing so for different reasons. For some teams it can be to change the way fans see their organization. When the Charlotte Bobcats changed their name to the Charlotte Hornets, they changed their branding techniques. Each team has a their own mascot. After they renamed, the Hornets sent their mascot to houses throughout their community.
Doing this it brought up their attendance ranking by six spots and 300% increase in merchandise sales. In 2010, Michael Jordan, considered the best player to ever play the game, become the owner of the Bobcats. With Jordan being the owner this automatically brought more fans and a positive impact to this organization. One of their biggest goals, when Jordan become owner was to reconnect with the city and make a new name for the Hornets. Creating a new “brand identity” with the Hornets organization, Nike Jordan brand, and NBA merchandising.
If the Charlotte organization did not rebrand or Michael Jordan did not become the new owner, would they be as successful as they are now? Or would they have lost interest from fans and have to shut down their organization?
Do you think there are any NBA organizations that should consider rebranding or reconnecting with their community and fans?
Wear, H., Collins, D. R., & Heere, B. (2018). What’s in a name? A case study of NBA baskeball in charlotte. Sport Marketing Quarterly, 27(2), 124-134.
2. 5.1 Blog 3
Week #5 Blog 3: Current news: Sport business (Blogs- 10 points each)
Provide comprehensive insight, understanding, and reflective thought about an economic or financial issue/story in any sport-related organization. Postings should creatively stimulate dialogue and commentary. Postings should reflect students’ expressions of personality and personal experience. All images and text created by others should display appropriate copyright permissions and accurate citations. Each blog assignment will require posting a comment to another student’s blog entry.
Search economic or financial news in sport business within the past calendar year. Post minimum one blog discussing a current (within one year) financial-related issue in any sport-related environment.
Consider the following questions/instructions as you consider your blog entry:
Visit sportsbusinessdaily.com or other fact-based sport finance website
Briefly describe financial issue or story
Briefly explain your opinion
Cite the source
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