The next stage of the global sports ecosystem is immersive technology. And it goes in two different directions. One, you can be immersed in a sporting event in your home through VR. Though in regard to sports management, I don’t think you’re monetizing as much value of the fan through VR because they aren’t in your building.

However, immersive sports production and theatrical production in sports facilities and theaters that is 360 degrees are coming to both Europe and to the United States. You only have to look at the Las Vegas sphere and see what’s happening there to get a glimpse of what’s happening in the ecosystem in sports and in a live production in the near future. Online sports management education explains the benefits of this innovative combination.

There is a wide range of technologies that have come on the global sports scene in recent years that have had a significant impact on the ability to capture data used in sports management. Understanding how new technology continues to shape and change sports management is integral to sports management education and online sports management education.

One example would be wearable technology that athletes wear on their uniforms or on their bodies while they’re on the field to play. This would oftentimes be in a practice setting, but occasionally some of the leagues will allow it in an in-game setting as well. This device monitors biometric data information, such as health and fitness data and even fatigue. These are really important attributes when you’re trying to create a successful and team on the playing field.

Some of the other data that we’re beginning to use are things like eye-tracking data of fans sitting in an arena or a stadium. In doing so, we’re able to see where their eyes go over the course of the game. This means that we can tell sponsors who are advertising on either the large video screen, the outfield wall, or the sidelines how many eyeballs are on their signage. This is a way for us to value that and also give them a return on investment calculation for their sponsorship package, which includes signage.

When you look at current-day sports, leagues and teams are facing new competition from streaming services that take niche sports directly to consumers. The World Surf League, karate, and other sports see OTT, or over the top, as the best way to reach out to fans and build their sport. The average fan of sporting events only has so much time that they can dedicate to them.

Even minor sporting events and leagues that are distributed over the top are cutting into the viewership pie. And they’re cutting it into many more pieces. When a sport brand or league goes OTT, it has many advantages, particularly for upstart leagues and sports: very low cost of production, low cost of distribution, and great data capturing that they get back from their viewers and fans. Additionally, fans can also get to interact with said brand.

This means that even if fans are sitting at home in front of a TV, they might prefer to watch it streamed. We’re also beginning to see the combination of live streaming with social media. Young fans, especially Generation Z, want to experience games in multiple ways, viewing a broadcast live from wherever they are and with their communities.

This means that they want to combine live streaming with social media platforms, where they can analyze, celebrate, or even commiserate with like-minded or rival fans. One interesting player in this OTT space is Endeavor. It bought sporting leagues, like UFC and PBR (Professional Bull-Riding), to build an OTT network. Endeavor also bought NeuLion, which was one of the OTT providers to many other sport properties.

Another thing happening is that to capitalize on the exciting fourth quarter of NBA games, and also possibly to capitalize on the legalization of sport betting in many states, the NBA has taken to selling the fourth quarter of games over the internet. These games will be sold at a discount to the NBA League Pass price of a full game, but it will also give fans a chance to tune in to the key finishes of games.

By exploring online sports management education, you’ll learn more about niche, major, and global sports, as well as lessons regarding careers in sports management and recent trends in the industry. Why not jump on the valuable opportunity to start your sports management education online right now?

If you’re from a sponsorship organization and you’re willing to spend a lot of money, you have to take into consideration where the eyes of the consumers will be watching. However, it’s not just about the eyes. It could also be about the ears. For example, baseball games will often refer to the seventh-inning stretch. There’s an opportunity here for global sports organizations and sponsorship organizations to put in their sponsorship. They could arrange it so that the seventh-inning stretch is brought to the fans by a particular organization.

If you’re a sports manager who’s in charge of operating sponsors and thinking in terms of placement, you need to consider where the organization will perceive that the consumers are concentrated the most. And perhaps you’ll want to associate your sponsor with something that is heard often. So, sponsors really have to get unique and creative in terms of how they can offer their sponsorship opportunity. A unique example is the New York Yankees.

The New York Yankees in Sports Management Sponsorship

The New York Yankees, when one of their pitchers records a strikeout, has a sponsorship in place with P.C. Richard & Son and their famous whistle. With each strikeout by a Yankees pitcher, the P.C. Richard whistle is played. This offers two incentives for the company. One, a formerly dead space is now a space for the P.C. Richard whistle. Two, it offers a unique instance where you can transfer over a positive feeling, associating the feeling of a Yankee pitcher striking somebody out with this P.C. Richard & Son whistle.

Lessons To Learn for Online Sports Management Education Scholars

With sports sponsors, you have to be careful of what we call clutter, when a sports organization has a vast number of sponsorship organizations all in one place. This eventually leads to the consumer being overloaded with message capacity. If they are overloaded with messages, even though there may be 20 sponsors available for viewership, none are actually being taken in because the consumer is perceiving that there’s an overload.

Once overload hits, the consumers are not likely to retain any more information. As a sponsor, you have to be really careful where you place your sponsorship sign, for example, because you don’t want it to be part of the clutter created by other signs. You want to make sure that it sticks out. You want to make sure that it’s unique. And you want to make sure that it’s remembered by the consumers.

Fantasy sports have become a fascinating element of the global sports system, and it’s a big sports management business in and of itself. Interestingly, athletes are keenly aware that they are on different fantasy teams all over. In addition, some athletes play in fantasy sports leagues of their own. It’s sometimes with a league of the sport that they professionally play, and sometimes it’s with a league of a different sport. It’s an exciting dynamic for professional football players to know that when they score a touchdown, they are doing something for thousands of people worldwide who have them as a player on their fantasy team. These players are contributing to the fantasy participants all over. I’m not sure how much of an impact it has on people, but it is something that athletes are aware of. If you’d like to learn more about this, consider pursuing an online sports management education.

Today, sports teams are becoming much more strategic about how they go to market. When I say go to market, I mean how they present themselves to the fan or the prospective fan, the consumer. In doing so, they’re segmenting the fan base. They understand that a 35-year-old with two young kids is a very different consumer than a 21-year-old male who’s single.

Sports Management Education and Understanding the Sports Audience

When you look at that versus, say, the 60-year-old who’s taking his grandkids to the game, those are three entirely different segments. Their motivations are different. Their seat preferences are going to be different.

Examining Global Sports Segments

Perhaps, the 21-year-old wants to go to an area where there’s a bar, and there’s access to social media. The one with the young kids is going to treat it very differently, even than the grandfather or grandmother with their two grandchildren.

Marketing for Students of Online Sports Management Education

Knowing all of this allows you to tailor customized ticket packages to these three very different segments. It enables you to have a much higher hit rate, a much higher probability of making the sale and getting them into the stadium. That’s because you’ve customized and tailored the package to their wants and needs.

One of the interesting areas of sports analytics is dynamic ticket pricing. Online sports management education explains this as a way that sales and marketing organizations within the front office of a professional sports team can impact revenues by pricing tickets dynamically. You may ask, “Well, what does that mean?” If you think back years ago, each ticket would have a static price. If the seat was in the 20th row at center ice or center court, or the middle of the football field, the 50-yard line, it essentially had one price for all games.

Today in many global sports, tickets are priced dynamically because we acknowledge that there’s different levels of demand based on the day of the week of the game. We also acknowledge the different levels based on the time of day that the game is being played and the opponent, including the star players that are coming in from the opposing teams. We even acknowledge the different levels if it’s an outdoor game based on the weather and the weather conditions.

It’s really important that we recognize that certain tickets might be worth two or three times as much under favorable conditions. If the Boston Red Sox are coming to play the Kansas City Royals and they’re playing on a Sunday afternoon in July, that ticket is going to be worth a lot more than if the Miami Marlins are coming in to play the Kansas City Royals on a Tuesday night in April. Those are the kinds of things that we can now capture.

Sports management education teaches us that there are algorithms and methods through data analysis. Looking at history and past history sales as well as ticket sales and pricing, we can assess what the relative demand is going to be for each of those games. We have mechanisms much like the stock exchange does so that we can price those tickets at a variable level. Sometimes teams will impose certain rules so that the tickets don’t float freely, but nonetheless they will vary. They’ll vary according to whatever parameters the team wants to permit them to vary based on the demand.

Why is there a sports business program? Why can’t you just get a business degree or get an MBA and go into sports business? Why should there be a special sports business program? There better be a good answer for that question or else there shouldn’t be any sports management programs. And the way I teach sports management is to first understand the difference between sports and sports business.

The question you must answer is, “What is sports?” Why is this business different from any other business? Why won’t they pack a stadium of 50,000 people to watch two guys close an insurance deal? Why do people make irrational, disproportionate expenditures on sports, on their teams, on their sneakers, on Muscle Milk, on all these kinds of things? What is it about sports that requires a whole separate program because it’s a different thing?

And I will tell you. It’s because it is a different thing. Sports has specific properties. It’s a cultural form that didn’t start out as a business, but it’s become a whole ecosystem of business because of the cultural form. It’s not just sales, it’s not just marketing. It’s stemming from something that is intrinsically human.

Every one of us, believe it or not, by virtue of being here as this species of mammal, actually likes sports in a way that’s almost critical to our survival. That’s why we have a sports management program. If you think about it that way, you will be able to be successful at sports business. You won’t just be a person who thinks about business without understanding the underlying thing.

One of the things we know about many of the English Premier League clubs, and this is true for a lot of the historic organizations across sports, is that there’s so much tradition, it’s tough to find a balance between the old and beloved, and the new and desired. One of the things that we know can be done, and done quite well, is to take parts of tradition, parts of history, and parts of values that are baked into these organizations, and the venues they play in and bring some modern amenities to them.

Sports Management and a Great Fan Experience

The idea is to build them in a thoughtful way. There are all sorts of examples of what we call great fan experiences in sport. One of the classic ones is Fenway Park in Boston, which was built and opened up in 1912. It’s a classic ballpark, and in a way, much of what was there at the beginning is still there. One of the interesting things that have happened over the past 10 to 15 years is that it’s been reconfigured. There’s a new ballpark where an old one still stands. It’s a real feat of sports business and engineering and city planning and so much else that goes into making these experiences happen.

Learning From the Past in Sports Management Education

At one point, there was this old ballpark, which ownership wanted to tear down to put a new one in its place. A better idea came around to keep the old one and build up all sorts of things in and around it. It’s a terrific example of keeping this old-time feel. These traditions that people cling to, and the values they hold dear, about sports but also bringing in modern amenities.

Some of the big changes that came to Fenway Park followed Larry Lucchino and the team he worked with when they came to Boston, after Baltimore. Oriole Park at Camden Yards, in the early 1990s, was the first new ballpark to be built with an old-style field. They transferred some of that knowledge at a stopover in San Diego, at what is now Petco Park. Then they brought that when new ownership took over in Boston and purchased the Red Sox.

Lessons for Students in Online Sports Management Education

What an opportunity to take an old ballpark that had all of this tradition, all of this history, and make it over. Even though there was a point at which it looked like it was time to just knock that one down and build a new one. Then came the idea to take what existed and innovate, to build some new things in and around it. One of the incredible things that happened is that it conserved what worked, and it got rid of what didn’t.

There are a lot of different strategies that you see sports organizations use to develop relationships with fans through social media. One of those is a strategy just to elicit feedback and ask opinions. If fans feel that they want to know what I think or want to know my opinion, they’ll feel more valued. And then they’ll have a stronger tie to the organization as a result.

Online Sports Management Education Looks at Ways to Build Engagement Through Social Media

We see sometimes teams will post things where they want genuine feedback on something specific about the team, about the event experience. But then you’ll also see some just fun social media posts: “Oh, hey, who’s your favorite player and why?” That’s a simple example, but things where they’re just trying to get feedback and get that interaction with the fans. That’s one method that we would see this.

Social Media Contests in Global Sports Marketing

Another is having social media contests or inviting fans to submit content, and then the organization featuring that content on their own account.

How Sports Management Works With Social Media

There’s a gymnastics podcast that I listen to. One of the ways that they get greater engagement from their listeners is to have a contest. And they’ll say, submit a picture of yourself dressed up as your favorite gymnast of all time. And then they’ll post those on their own social media. It just helps to develop a stronger relationship and a closer relationship between the organization and the fans.