Recession Of The Sports Industry Essay
Impact of the Recession on the Sports Industry
Sports all over the world have become a big business. But with this rising recession, the
general environment has had some negative effects on these industries. Its mostly the professional
sports that this has been having a huge affect on. The national football league is seriously debating
having a lockout due to financial hardship, and other sports businesses and leagues are also taking a hit.
Apparel stores all over the world are having trouble giving out jobs to potential employees because of
the lack of money. The general environment is having a major effect on the sports industry due to
financial hardship.
The tough economic times are affecting the different …show more content…
I think that customers
are the most important external factor of a sports organization and business. Customers purchase
products and tickets. I think that without customers, a organization would not exist. Sports teams
and sports retail stores will have a major downfall. For teams and retail businesses to succeed,
they need true and loyal fans that consistently attend there games, and come to there retail stores
to buy the teams gear. That is where the majority of a organizations profit comes from, there
customers. Dissatisfied customers don’t often return to games if the teams are losing. Who would
want to wear a Dallas Cowboy jersey around in public if the team is doing bad? Sports managers
are compelled to measure the service quality they provide in order to attract and retain customers and
fans. Customer value changes overtime, and if sports products and teams don’t change with the times
companies lose customers and fans to the competition.
Organization have no control over the economy, inflation, interest rates, or international
exchange rates, and all of those economic factors have a major effect on the performance on
Sports all over the world have become a big business. But with this rising recession, the
general environment has had some negative effects on these industries. Its mostly the professional
sports that this has been having a huge affect on. The national football league is seriously debating
having a lockout due to financial hardship, and other sports businesses and leagues are also taking a hit.
Apparel stores all over the world are having trouble giving out jobs to potential employees because of
the lack of money. The general environment is having a major effect on the sports industry due to
financial hardship.
The tough economic times are affecting the different …show more content…
I think that customers
are the most important external factor of a sports organization and business. Customers purchase
products and tickets. I think that without customers, a organization would not exist. Sports teams
and sports retail stores will have a major downfall. For teams and retail businesses to succeed,
they need true and loyal fans that consistently attend there games, and come to there retail stores
to buy the teams gear. That is where the majority of a organizations profit comes from, there
customers. Dissatisfied customers don’t often return to games if the teams are losing. Who would
want to wear a Dallas Cowboy jersey around in public if the team is doing bad? Sports managers
are compelled to measure the service quality they provide in order to attract and retain customers and
fans. Customer value changes overtime, and if sports products and teams don’t change with the times
companies lose customers and fans to the competition.
Organization have no control over the economy, inflation, interest rates, or international
exchange rates, and all of those economic factors have a major effect on the performance on