Homework: Team Merchandising Rebranding Plan (Online, TO) New York Yankees
The purpose of this homework 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 homework, focus on the sports team New York Yankees and rebrand the team's merchandise with the goal of increasing sales. Refer to the demographic data of your selected team's fans 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 words paper outlining your approach to this team's rebranding initiative. Include the following points in your paper:
o Explain why you are rebranding the team's merchandise.
o 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?
o 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?
o 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.
o Provide cost and revenue projections for the plan.
o Explain the metrics you will use to evaluate the success of the merchandise rebranding.
PowerPoint Presentation
For the second part of this homework, create a 6 to 10 slides PowerPoint presentation that summarizes your merchandise rebranding plan for presentation to team stakeholders or league officials. The PowerPoint slides are intended to serve as a visual aide to supplement the content of your presentation, whether you are presenting in class or adding your speaker notes to each slide. As such, the slides are not a space to reiterate verbatim the content of your paper. Utilize the presentation slides for showcasing persuasive graphics, images, tables, and graphs that will bolster your pitch and help you sell this rebrand. Include relevant talking points in the Speaker Notes section for each slide in the PowerPoint.
Your presentation should include the following components:
o Introduction (1 slide): Team name, location, and current logo or brand.
o Problem (1 slide): Reason for rebranding.
o Rationale (1 to 2 slides): Justification (fan DNA, analytics, etc.) for rebranding.
o Concept (1 to 2 slides): Introduce new logo or branded design; support why you believe it will be more successful than the current brand.
o Return on Investments (1 to 2 slides): Projected revenue - projected costs = projected profit.
o Evaluation (1 to 2 slides): Metrics for measuring the rebranding's success.
Format your homework according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.