Reference no: EM133277923 , Length: Words Count:1000

Assignment:

The purpose of this assignment is to design and pitch a plan for rebranding a team's merchandise to league officials.

A sport team's merchandising is a critical factor in its ongoing revenue generation, and proper licensing ensures that sports organizations are able to protect their income-generating potential through the sale of their branded products. Not only are professional and often collegiate team names, logos, and league trademarks licensed, but even athletes' names and likenesses can be licensed by player associations. Licensing agreements direct the vendor in the merchandising process, specifying quality standards, timeframe of production, projected profits, and royalties to be paid to the team, athlete, or league.

For this assignment, focus on the sports team you selected in the Topic 1 and 3 assignments and rebrand the team's merchandise with the goal of increasing sales. Refer to the demographic data of your selected team's fans (provided in the applicable "Instagram Demographic Analysis," located in Class Resources) to inform your rebranding plan.

When making your plan, consider the role licensing will play in brand recognition and your marketing strategies. The project will have two parts, a written report detailing your plan for the rebranding program and a PowerPoint presentation with accompanying pitch explaining the rebranding plan to league and team officials.

Rebranding Plan Paper

Compose a 750 to 1,000- word paper outlining your approach to this team's rebranding initiative. Include the following points in your paper:

1. Explain why you are rebranding the team's merchandise.

2. Using data such as fan demographics, sales, and information related to brand recognition, justify the necessity for rebranding. How will rebranding the team's merchandise draw in more fans, increase sales, and make the brand more recognizable?

3. Describe what the rebrand will look like: Will it entail a change in team colors? Logo? Mascot? How will this contribute to the overall goals and image of the team? What merchandise will this affect? Will any new merchandise be rolling out to promote this rebranding?

4. Provide details about the specific steps you will undertake to rebrand, license, and market this merchandise. Focus on finding innovative ways to use technology and social media in the rebranding process.

5. Provide cost and revenue projections for the plan.

6. Explain the metrics you will use to evaluate the success of the merchandise rebranding.