Marketing Program Development

542 Words2 Pages

The National Hockey League (NHL) is one of the most popular sports in the United States. The professional sports industry is based on profit, competition, and growth. This industry which includes, baseball, football, basketball and hockey has the ability to generate approximately $8 billion in revenues annually. This revenue is generated from, ticket profits, media revenues, licensing fees for names and logos, merchandising revenues, endorsements, luxury sky boxes, parking fees, and concessions. One famous hockey team is the New York Islander’s (NYI), who became the dominant team after winning the 1983 finals. Their fame quickly diminished in 1984 when they lost the Stanley cup finals against Edmonton Oilers, four games to one. The Islanders have not won another title since that time which resulted the team to enter a slump that would be difficult to recover from as fan attendance and sales began to decrease for the team. With fans on their last legs the New York Islander’s management team must attempt to pull this team from the miserable slump they are in. Management must develop a...

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