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While ambush marketing may lack the financial risk of other methods, it does still retain a<br />

fair amount of image risk. According to a study by Dickson, Naylor, and Phelps, most<br />

individuals find ambush marketing “unethical and a practice that organizations should not<br />

utilize” (Dickson, Naylor, & Phelps, 2014). In addition to viewers, McKelvey, Sandler, &<br />

Snyder found that the opinion of ambush marketers was lowered for nearly 60% event<br />

participants as well, in a study conducted with NYC Marathon runners (McKelvey, Sandler, &<br />

Snyder, 2012). This indicates a clear risk to brand image when a company openly involves<br />

themselves in ambush marketing schemes.<br />

Conclusions<br />

The business objectives examined in this research contribute to our understanding of how<br />

companies can leverage the sports industry toward advantage seeking behavior. Through<br />

attempts at brand enhancement, increased brand awareness, improve customer goodwill<br />

and market share growth, firms are seeking to shift the competitive landscape to their<br />

advantage. Efforts to introduce new products are endeavors at moving beyond the firm’s<br />

current scope. To achieve such gains, firms must understand how to manage their<br />

marketing resources to their best advantage.<br />

The systemic review explored herein provides an understanding of what can be expected<br />

regarding the aforementioned objectives from the use of various marketing methods within<br />

the sports industry. Exhibit 6 provides a synthesis of the findings and implications of the<br />

review. Advertising associated with athletic events and/or using sport celebrities, albeit<br />

sometimes quite expensive, has been used successfully for achieving a variety of firm<br />

objectives. Product and service endorsements by athletes have been successful in brand<br />

enhancement and increasing sales, yet carry potential risks. Firms might need to consider<br />

the cost trade-off of signing less celebrated athletes earlier in their careers or arranging for<br />

non-compensated endorsements.<br />

Sponsorships, product placement and ambush marketing are used less frequently than<br />

advertising and endorsements. The value of sponsorships and product placements can be<br />

high, although costs appear to be escalating. Firms have to have very clear objectives and a<br />

clear plan as to how they will fully leverage the potential benefits to be gained from these<br />

marketing endeavors. Effective ambush marketing can be difficult to execute. However, past<br />

results illustrate the high potential payoff that helps the firm do well and ensures a<br />

competitor does less well.<br />

In attempting to leverage the sports industry, firms must be clear in their objectives. They<br />

must be aware of potential risks. They must be adaptable and flexible enough to adjust if<br />

short-term gains are not being obtained or if continued pursuit of the same approach<br />

includes substantial downside risk. However, the overall evidence here makes it clear that<br />

leveraging the sports industry has the potential for substantial returns for a firm’s marketing<br />

investments.<br />

145

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