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    SR. NO. TITLE PAGE NO.

    1. EXECUTIVE SUMMARY 06

    2. LITERATURE REVIEW 07

    3. INTRODUCTION 08

    4. SEASON 18

    5. LEAGUE ORGANIZATION 23

    6. TELEVISION RIGHTS AND SPONSORSHIPS 31

    1

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    7. MARKETING STRATEGIES 39

    8. SWOT ANALYSIS AND PEST ANALYSIS 52

    9. RESEARCH METHODOLOGY 72

    10. CONCLUSION 81

    11. BIBLOGRAPHY 85

    EXECUTIVE SUMMARY

    ndia is one of the fast growing markets in the world and IPL and ICL, has

    provided it with another media explosion. The current estimate of Indian

    entertainment and media industry are at INR 353bn ($8.2bn).It is

    estimated to grow at a rate of 19 percent for the next five years.IEntertainment industry is treated as the most prominent and emerging Industry

    in the whole world. It is growing at rate faster than any other industry in the

    world even when country where trying to battle out of recession. Indian

    premier league has opened the doors to the next big media movement.

    2

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    LITERATURE REVIEW

    IPL and ICL are two products that were able to create an impact in the

    marketing industry by providing services to an industry which was very hungryfor products like that. Both this products created a value by offering the best

    entertainment possible.

    The definition provided by Kotler proves right in case of these products.

    Marketing is a social and managerial process by which individuals and groups

    obtain what they want and need through creating, offering and exchange

    products of value with others -(Kotler,1991).

    Marketing is the most important factor for any industry. There are

    different ways in which different industry uses the marketing strategy for the

    3

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    effectiveness of their success. Marketing is a very wide concept it starts when

    we think of product, then we plan, and then create the product and finally we

    sell the product. It uses different strategies to accrue competitive edge in the

    market( Porters,1997).This strategies are widely used in this report tounderstand the different kinds of approaches this companies have adopted to

    target the customers.

    SWOT and PEST analysis is used in the report to understand the macro

    forces that are currently active in the industry. Kotlers and Porters analysis is

    used throughout the report to understand the marketing mix, marketing

    strategies and macro forces.

    INTRODUCTION

    Cricket is the most popular Sport in India .Although, it is not the nation's

    official national Sport (a distinction held by Field Hockey). The India national

    cricket team won the 1983 Cricket World Cup and the 2007 ICC WorldTwenty20, and shared the 2002 ICC Champions Trophy with Sri Lanka.

    Domestic competitions include the Ranji Trophy, the Duleep Trophy,

    the Deodhar Trophy, the Irani Trophy and the Challenger Series. In addition,

    BCCI conducts the Indian Premier League, a Twenty20 competition.Cricket is

    abat-and-ball team sport. Many variations exist, with its most popular form

    played on an oval-shaped outdoor arena known as a field at the centre of which

    is a rectangular 22-yard (20.12 m) longpitch that is the focus of the game. A

    game (or match) is contested between two teams of eleven players each. One

    teambats, and will try to score as many runs as possible while the other

    teambowls and fields, trying to dismiss the batsmen and thus limit the runs

    4

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    scored by the batting team. A run is scored by the striking batsman hitting the

    ball with his bat, running to the opposite end of the pitch and touching the

    crease there without being dismissed. The teams switch between batting and

    fielding at the end of an innings.

    Before 1918

    The entire history ofcricket in India and the sub-continent as a whole is based

    on the existence and development of the British Raj via the East India

    Company.In 1721, the first definite reference to cricket being played anywhere

    in the sub-continent is a report of English sailors of the East India Company

    playing a game at Cambay, near Baroda.The Calcutta Cricket and Football

    Club is known to be in existence by 1792, but was possibly founded more than

    a decade earlier. In 1799, another club was formed at Seringapatam in south

    India after the successful British siege and the defeat ofTipu Sultan.In 1864,

    a Madras v. Calcutta match was arguably the start of first-class cricket in India.

    The most important fixture in the 19th century was the Bombay Presidency

    Match which evolved, first, into the Bombay Triangular and then into

    the Bombay Quadrangular. The match was first played in 1877 and then

    intermittently for several seasons until finally being given first-class status in

    1892-93.

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    An English team led by George Vernon in 1889-90 was the first foreign team

    to tour India but none of the matches that it played are considered first-

    class.First-class cricket definitely began in the 1892-93 season with two

    Europeans v Parsees matches at Bombay (match drawn) and Poona (Parseeswon by 3 wickets). In the same season, Lord Hawke captained an English team

    that played four first-class matches including a game against "All India" on 26

    28 January 1893.

    1918 to 1945

    The Ranji Trophy was launched as India's national championship following a

    meeting of the Board of Control for Cricket in India (BCCI) in July 1934 and

    the competition began in the 1934-35 season. The trophy was donated by the

    Maharajah of Patiala but named afterKS Ranjitsinhji ("Ranji"), even though he

    barely played any of his cricket in the country. Ranji had died on 2 April 1933.

    The first winner was Bombay.

    194546 to 1960

    The major and defining event in the history of Indian cricket during this period

    was the Partition of India following full independence from the British Raj in

    1947.

    An early casualty of change was the Bombay Quadrangular tournament which

    had been a focal point of Indian cricket for over 50 years. The new India had

    no place for teams based on ethnic origin. As a result, the Ranji Trophy came

    into its own as the national championship.The last-ever Bombay Pentangular,

    as it had become, was won by the Hindus in 1945-46.

    6

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    196061 to 1970

    One team totally dominated Indian cricket in the 1960s. As part of 15

    consecutive victories in the Ranji Trophy from 1958-59 to 1972-73, Bombay

    won the title in all ten seasons of the period under review. Among its players

    were Farokh Engineer, Dilip Sardesai, Bapu Nadkarni, Ramakant Desai, Baloo

    Gupte, Ashok Mankad and Ajit Wadekar.

    In the 1961-62 season, the Duleep Trophy was inaugurated as a zonal

    competition. It was named after Ranji's nephew, Kumar Shri Duleepsinhji

    (190559). With Bombay in its catchment, it is not surprising that the West

    Zone won six of the first nine titles

    197071 to 1985

    Bombay continued its dominance of Indian domestic cricket with onlyKarnataka and Delhi able to mount any kind of challenge during this period.

    India enjoyed 2 international highlights. In 1971, they won a Test series in

    England for the first time ever, surprisingly defeating Ray Illingworth's Ashes

    winners. In 1983, again in England, India were surprise winners of the 1983

    Cricket World Cup.

    21st century

    The BCCI tinkered with the Dileep Trophy in the 2002-03 season. The original

    zonal teams were replaced by five new teams called Elite A, Elite B, Elite C,

    7

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    Plate A and Plate B. These teams were constructed from the new Elite Group

    and Plate Group divisions which had been introduced into the Ranji Trophy

    that season. However, this format lasted for only one season as it was felt that

    the new teams lacked a sense of identity. From the 2003-04 seasons, the fiveoriginal zonal teams competed along with a sixth guest team which was a

    touring foreign team. The first guest team was England A in 2003-04.

    Mumbai (formerly Bombay) has continued its dominance of the domestic scene

    into the 21st century by winning the Ranji Trophy five times in the first decade.

    India won the inaugural ICC World T20 in 2007.India was the first Sub-

    continental team to win a Test match at the WACA in January 2008 againstAustralia.

    There are also variations in the length of a game of cricket. In professional

    cricket this ranges from a limit of 20 overs per side (Twenty20) to a game

    played over 5 days (Test cricket, which is the highest level of the game).

    Depending on the form of the match being played, there are different rules that

    govern how a game is won, lost, drawn or tied. The rules of two-innings gamesare known as the Laws of Cricket and maintained by the ICC and the

    Marylebone (MCC); additional Standard Playing Conditions for Test matches

    and One Day Internationals augment these laws. In one version ofIndoor

    Cricket, matches include just 6 players per side and include two 12-over

    innings.

    Cricket was first documented as being played in southern England inthe 16th century. By the end of the 18th century, it had developed to the point

    where it had become the national sport of England. The expansion of the

    British Empire led to cricket being played overseas and by the mid-19th

    century the first international matches were being held. Today, the game's

    8

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    governing body, the International (ICC), has 104 member countries. With its

    greatest popularity in the Test playing countries, cricket is the world's second

    most popular sport afterAssociation football.

    Objective of this report is to present a general idea of the Indian

    cricket Industry and the marketing analysis , to get an inside feel of the market

    by analyzing of most successful brands, IPL

    The BCCI launched the Indian Premier League (IPL) on the lines

    of footballs English Premier League and the National Basketball League

    (NBA) of the US. The IPL is a professional Twenty20 cricket league created

    and promoted by the BCCI and backed by the ICC. The Twenty20 league is set

    to debut in April 2008, with eight teams comprising a minimum of 16 players

    each.

    The league will last for 44 days and will involve 59 matches. The IPL works on

    a franchise-system based on the American style of hiring Players and transfers.

    These franchises were put for auction, where the highest bidder won the rights

    to own the team, representing each city. The auction for the same took place on

    January 24, 2008 and the total base price for the auction was $400 million.

    The Indian Premier League (often abbreviated as IPL), is a domestic

    professional twenty20 cricket competition in India. It was initiated by

    the Board (BCCI) headquartered in Mumbai and supervised by

    BCCI Vice President Chirayu Amin, chairman & commissioner for

    IPL, and CEO, Sundar Raman. It presently includes 10 teams

    (franchises) consisting of players from different countries. It was

    9

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    started after an altercation between the BCCI and the Indian Cricket

    League abbreviated as ICl.

    Over 200 million Indian viewers, 10 million international viewers, 4 million

    live spectators: the Indian Premier League (IPL) is a sports and

    entertainment revolution in the making, surpassing all records of

    viewership on ground and on media. Advertising revenue and ticket sales

    have exceeded all expectations, making IPL highly profitable for the

    organizers, broadcasters and successful team owners. Zealous fan

    followingeven hostility for visiting teamsshows local loyalties are

    building up faster than anyone expected. As we enter the last phase of the

    first edition of IPL, numerous new opportunities for sports and business

    have opened up in India. IPL will mature over the next few years to gain a

    status that could match or even exceed international football leagues

    The IPL fever has hit viewers and media alike

    IPL got off to a flying start, with the first few matches recording an averageTRP of 8.2. Though ratings have dropped since then, they remain at above 5

    higher than any other programme running on TV. Thats marginally higher

    than Indias most popular soap Kyunki Saas BhiKabhi Bahu Thi, which has an

    average rating of nearly 5. IPLs rating of 5 is no mean achievement, given that

    it has 59 matches packed within 44 days. That is reflected in ad rates of Sony

    Entertainment Television (SET), which owns exclusive rights to telecast IPL

    matches. Ad rates for 10-second spots, which were Rs200,000 at the start of the

    tournament have climbed rapidly, to Rs500,000 now, and look set to rise

    further, which did rise to a Rs1m for the final. (For comparison, SET charged

    Rs800,000 per 10-second ad spot for the T20 World Cup final between India

    10

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    and Pakistan.) Sony Set Maxs revenue market share has reportedly gone up

    from the pre-IPL 5.7% to 28.8% now. Its share of prime time is now at 29%,

    which is higher than the cumulative market share of the top nine Hindi general

    entertainment channels. IPL has also expanded the demographics of cricketviewership by bringing more women to crickets Fan base, making it more

    lucrative for advertisers.

    IPLs ad revenues were more than 7% of total TV advertising in India

    Collateral damage: Bollywood and other channels take a hit

    The runaway success of IPL has hit other mainstream entertainment media.

    Estimating the extent of their losses is tricky, but considers the anecdotal

    evidence: multiplexes have reported 10-30% declines in ticket sales;

    Bollywood movies leading producers like Yash Raj, Devgan Productions and

    Rakesh Roshan got poor openings despite heavyMarketing; and television prime time has taken a significant hit, affecting

    channels like Star TV. Viewership of Hindi general entertainment channels

    (GEC) reportedly dropped from 16.7% to 13.5% and that of Hindi movie

    channels from 6.1% to 4.8% in the first two weeks of IPL. Star TVs big-ticket

    game show, Panchvi Pass, also took a hit, and got a TRP of about 4.

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    IPL got off to a cracking start

    The inaugural match was played in Bangalore, between Kolkata and Bangalore.

    A packed 55,000-capacity stadium under lights, cheerleaders dancing to music

    through the match, and the presence of team owners Shah Rukh Khan and

    Vijay Mallya set the perfect stage for the match.

    The Kolkata team rose to the occasion with a high total, but the home team

    collapsed a long way from the target. The match saw a TRP rating of 8.3

    higher than any other programme on Indian Television during the first season

    Bangalore: The million-dollar Indian Professional League (IPL), a Twenty20

    league that has taken the world of cricket by storm, will kicked-off at the

    Chinnaswamy Stadium with Vijay Mallya -owned Bangalore Royal

    Challengers taking on the SRK's Kolkata Knight Riders.

    The two teams, led by former Indian captains Saurav Ganguly and Rahul

    Dravid, respectively, may not be flamboyant as Hyderabad Chargers and KingsXI Punjab but are 'classy' as the two rivals put it.Bangalore Royal Challengers

    with a strong bowling attack and solid batting line-up seem to hold edge over

    their rivals from Eastern India.

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    Mallya-owned and Dravid led B'lore side might have failed to 'bag' young

    flamboyant players like M S Dhoni or its own Robin Uthappa in the much

    hyped auction but have loads of seasoned campaigners capable to handle to thepressure and demands of ultra-abridged version of the sport.

    Challengers boost of a fine blend of youth and experience in the batting

    department with Jacques Kallis, the most dependable all rounder, hard hitting

    wicket-keeper batsmen Mark Boucher, workmanlike ShivnarineChanderpaul,

    attacking Misbah-ul-Haq and labourous Dravid and Jaffer all batsmen in the

    classic mould bring with them tonnes of experience. And youngsters like Ross

    Taylor, India U-19 skipper Virat Kohli coupled with young Karnataka Ranji

    batsmen make the line-up look mouthwatering.

    While a couple of strong teams have emerged, the tournament Remains

    open for the top 5 teams .The tournament has been closely fought, on the

    whole. No teambarring the initially unfancied Rajasthan Royals from Jaipur

    has had it easy, with defeat at one stage or another keeping all teams on their

    toes. With less than 10 matches to go, two of the semi-final berths are still up

    for grabs. This has helped sustain high viewership and attendance at stadiums.

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    from India to South Africa within a span of a few weeks. The IPL injected

    approximately US$100 million into South Africa's local economy. In addition,

    the BCCI signed a Rs. 8,200 crores(US$1.63billion) contract with Multi

    Screen Media to broadcast matches live from South Africa to India.

    The IPL was hosted successfully in South Africa and was hailed as an

    "extraordinary" accomplishment. The tournament was particularly praised for

    globalizing cricket and had set record television viewership. The tournament

    was won by Deccan Chargers while the Bangalore Royal Challengers were

    declared as runners-up.

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    2010 Indian Premier League -Third season

    The 2010 Indian Premier League season, abbreviated as IPL 3 or the 2010

    IPL, was the third season of the Indian Premier League, established by

    the Board of Control for Cricket in India (BCCI) in 2007. The tournament was

    hosted by India and had an estimated television audience of more than 200

    million people in the country. It was played between 12 March and 25 April

    2010. It was also the first ever cricket tournament that was broadcast live

    on YouTube. The final four matches of the tournament were screened

    in 3D across movie halls in India.

    The tournament was won by theChennai Super Kings, who defeated theMumbai

    Indiansin the final played atNavi Mumbai. The purple cap went toPragyan

    OjhaofDeccan Chargers, while the orange cap and the player of the tournament award

    was awarded toSachin Tendulkarof the Mumbai Indians.Saurabh Tiwarywas

    declared the U-23 success of the tournament, while the Chennai Super Kings won the Fair

    Play Award.

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    fetched US $723.59 million. On 21 March 2010, Pune and Kochi were

    unveiled as the two new franchises for the fourth edition of the Indian Premier

    League. The base price was $225 million. While Pune was bought by Sahara

    Adventure Sports Group for $370 million, the Kochi franchise was bought byRendezvous Sports World Limited for $333.3 million. The process was to have

    been completed on March 7 but was postponed by two weeks after many

    bidders and the BCCI objected to stiff financial clauses. The second franchise

    auction fetched total $703 million.

    Fifth season

    Did you know?

    1. Murali Vijay has become the first Indian cricketer to score two IPLcenturies

    2. Total no. of runs is 22,453.

    3. Total taken wicket is 857.

    4. Total ipl tweets is 7,452,555.

    5. Total dot balls in ipl 5 season 6,241.

    19

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    6. Total six in ipl 5 season 732.

    7. Total run comes from boundries 12,036.

    8. Longest six in ipl 5 season 112 meter.

    9. Total half century in ipl 5 season 96.

    10. Fastest ball speed in ipl5 season 154kmh.

    11. Orange cap holder( for highest run achieve individual) is chrisgayle(733 runs).

    12. Purple cap holder( for more wicket taken) is morne morkel (25

    wicket).

    13. Super six from individual person by chris gayle is 59 six.

    14. The winner of fairplayer award in ipl 5 season is rajasthan royals.

    15. Finally the winner of the tournament is kolkata knight rider.

    Kolkata Knightriders are the most recent champions of the IPL.

    The fifth season featured nine teams after the termination of the Kochi franchise and

    the players auction was held on 4 February 2012. The season saw an increase in

    the allowed maximum number of players in each squad from 30 to 33. The season

    of 76 matches began and ended in Chennai with the opening match on 4 April and

    the final on 27 May. TheDelhi Daredevils,Kolkata Knight Riders, Mumbai

    Indians and Chennai Super Kings qualified for the playoffs. Delhi daredevils was the

    top in the table.

    This edition of the IPL was the most competitive with 14 matches producing results

    in the last over, and a couple in the last ball. Towards the end of the league, the

    season faced various hurdles including a spot fixing case, which allegedly included

    5 players caught on a sting operation carried on by a local news channel.

    20

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    The final of the season was played at the Chidambaram Stadium on 27 May, where

    the defending champions Chennai Super Kings played against Kolkata Knight

    Riders. Kolkata Knight Riders won the match in the last over riding on the backs of

    Manvinder Bisla and Jacques Kallis with 5 wickets and 2 balls to spare, thereby

    ending Chennai Super King's two year winning streak.

    IPL TEAMS

    Bangalore Royal Challengers: The Bangalore team was bought by Vijay

    Mallyas UB Group for $111.6 million to own the team for 10 years. Icon

    player Rahul Dravid is the captain of Bangalore Royal Challengers. Team

    Indias bowling coach, Venkatesh Prasad is the coach of the team.

    Kings XI Punjab: The Mohali team was bought by Bollywood diva Preity

    Zinta, her industrialist beau Ness Wadia, along with renowned industrialists

    Karan Paul and Mohit Burman for $76 million for a period of 10 years. Icon

    player Yuvraj Singh is the captain of Kings XI Punjab. Australias Tom

    Moddy is the coach of the team.

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    3) Chennai Super Kings: The Chennai team was bought by India Cements for

    $91 million to own the team for 10 years. Team India ODI and T20 skipper

    Mahendra Singh Dhoni is the captain of Chennai Super Kings. Former South

    Africa cricket team captain Kepler Wessels is the coach of the team.

    4) Kolkata Knight Riders: The Kolkata team is owned by Bollywood actor

    Shah Rukh Khan, actress Juhi Chawla and her husband Jay Mehta for $75.09

    million for a 10-year period. Icon player Sourav Ganguly is the 7 captain of

    Kolkata Knight Riders. Australias John Buchanan is the coach of the team.

    5) Deccan Chargers: The Hyderabad team was bought by Deccan Chronicle, a

    media house, for $107 million for a 10-year period. Team Indias Test player

    VVS Laxman is the captain of Deccan Chargers. Indias fielding coach, Robin

    Singh is the coach of the team.

    6) Mumbai Indians: The Mumbai team is owned by Mukesh Ambanis

    Reliance Industries Limited for $111.9 million for a period of 10 years. Icon

    player Sachin Tendulkar is the captain of Mumbai Indians. Former Team India

    manager, Lalchand Rajput is the coach of the team.

    7) Delhi Daredevils: The Delhi team is owned by GMR Holdings for $84

    million for a period of 10 years. Icon player Virender Sehwag is the captain

    of Delhi Daredevils. Australias Greg Shipperd is the coach of the team.

    8) Rajasthan Royals: The Jaipur team was bought by UK-based company

    Emerging Media for $67 million to own the team for a period of 10 years.

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    Former Australian spin bowler Shane Warne is both the captain and coach of

    Rajasthan Royals

    ADDITIONAL TWO TEAM WERE SELECTED FOR IPL FOURTHSEASON

    The auction for expanding the initial 8 franchises for the IPL was held on

    March 22, 2010.The involved in the auction were Pune, Ahmedabad,

    Nagpur, Kanpur, Dharamsala, Vizag,Rajkot,

    Cuttack, Vadodara, Kochi, Indore and Gwalior. Two new teams were selected

    out of 12 teams, which bid for 2011 IPL matches. Sahara Group made the

    highest bid in the auction and chose to base its team in Pune, at the cost of

    Rs.1,702 crore. Rendezvous Sports World made the second highest bid of

    Rs.1533.32 crores, and elected to base its team in Kochi. The two

    new franchises were sold for a combined sum of money, which was greater

    than the combined purchase price of all the original eight IPL franchises.

    Rules

    23

    http://en.wikipedia.org/wiki/Auctionhttp://en.wikipedia.org/wiki/Punehttp://en.wikipedia.org/wiki/Ahmedabadhttp://en.wikipedia.org/wiki/Nagpurhttp://en.wikipedia.org/wiki/Kanpurhttp://en.wikipedia.org/wiki/Dharamsalahttp://en.wikipedia.org/wiki/Vizaghttp://en.wikipedia.org/wiki/Rajkothttp://en.wikipedia.org/wiki/Cuttackhttp://en.wikipedia.org/wiki/Vadodarahttp://en.wikipedia.org/wiki/Kochi,_Indiahttp://en.wikipedia.org/wiki/Indorehttp://en.wikipedia.org/wiki/Gwaliorhttp://en.wikipedia.org/wiki/Sahara_Grouphttp://en.wikipedia.org/wiki/Sports_franchisehttp://en.wikipedia.org/wiki/Auctionhttp://en.wikipedia.org/wiki/Punehttp://en.wikipedia.org/wiki/Ahmedabadhttp://en.wikipedia.org/wiki/Nagpurhttp://en.wikipedia.org/wiki/Kanpurhttp://en.wikipedia.org/wiki/Dharamsalahttp://en.wikipedia.org/wiki/Vizaghttp://en.wikipedia.org/wiki/Rajkothttp://en.wikipedia.org/wiki/Cuttackhttp://en.wikipedia.org/wiki/Vadodarahttp://en.wikipedia.org/wiki/Kochi,_Indiahttp://en.wikipedia.org/wiki/Indorehttp://en.wikipedia.org/wiki/Gwaliorhttp://en.wikipedia.org/wiki/Sahara_Grouphttp://en.wikipedia.org/wiki/Sports_franchise
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    of US $20,000 while for others it is US $50,000. The most expensive players in

    the IPL3 to date is Kieron Pollard at US 2.75 million .

    Kieron Adrian Pollard (born 12 May 1987) is an international cricketerwho

    plays for the West Indies. An aggressive all-rounder, Pollard provides medium-

    fast pace bowling and big-hitting from the middle-order. After shining during

    the 2009 Champions League Twenty20, he was signed by both the Southern

    Red backs and the Somerset Sabres for their domestic Twenty20 campaigns.

    He was the joint highest paid player in the 2010 Indian Premier League,

    playing forMumbai Indians. Pollard's impressive performance in the 2009Champions League Twenty20 and the Big Bash led to him being one of the

    most sought after players at the 2010 IPL auction. After some aggressive

    bidding, the Chennai Super Kings, Kolkata Knight Riders, Mumbai

    Indians and Royal Challengers Bangalore all bid the maximum allowed;

    $750,000. A 'silent-tiebreaker' was won by the Mumbai Indians.

    ICON PLAYER

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    In the Indian Premier League, an icon player is a player who can only play for

    his home city in the competition. Each team is assigned at most one icon

    player. Unlike all the other players initially recruited by teams, the icon playerswere not bid for in the player auction of 20 February 2008. The salary of each

    icon player is 15% more than the next highest earner in their team. As of the

    2010 season, the clause pertaining to icon players has been removed on account

    of complaints by franchises with icon players that having these players was a

    handicap in the player auction. Initially there were four Icon Players designated

    by the Indian Premier League organizing committee. Sachin

    TendulkarforMumbai Indians, Sourav Ganguly forKolkata Knight

    Riders,Rahul Dravid forRoyal Challengers Bangalore, and Yuvraj

    Singh forKings XI Punjab. Later, on the request ofDelhi Daredevils, Virender

    Sehwag's name was added to the list. Deccan Chargers also asked for Icon

    Player status to be given to VVS Laxman, but he declined the offer in order to

    allow the franchise to spend more money on other players and still not breach

    the US$5 million salary cap. The purpose behind designating the Icon Players

    is to ensure that top draw players will represent their respective city sides,

    which is important for the league to increase fan support and interest among the

    locals.

    It has been reported that all the franchises with icon players felt that having the

    icon player was a handicap in the player auction, as the money spent on the

    icon resulted in less room under the salary cap to purchase other players. For

    example, the presence ofSachin Tendulkaras an icon was cited as the main

    reason why Mumbai Indians could not compete with Chennai Super

    Kings forMahendra Singh Dhoni

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    LIST OF ICON PLAYERS

    Sachin TendulkarforMumbai Indians ( $ 1,121,250)

    Rahul Dravid forRoyal Challengers Bangalore ($1,035,000)

    Sourav Ganguly forKolkata Knight Riders ($1,092,500)

    Yuvraj Singh forKings XI Punjab ($1,063,750)

    Virender Sehwag forDelhi Daredevils ($833,750)

    *Icon players get 15 percent higher pay than the top player in the sq

    27

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    Television rights and sponsorships

    The IPL is predicted to bring the BCCI income of approximately US$1.6

    billion, over a period of five to ten years. All of these revenues are directed to a

    central pool, 40% of which will go to IPL itself, 54% to franchisees and 6% as

    prize money. The money will be distributed in these proportions until 2017,

    after which the share of IPL will be 50%, franchisees 45% and prize money

    5%. The IPL signed up Kingfisher Airlines as the official umpire partner for

    the series in a 106 crore (US$ 24.06 million) (approximately 15 million)

    deal. This deal sees the Kingfisher Airlines brand on all umpires' uniforms and

    also on the giant screens during third umpire decisions.

    Television rights

    On 15 January 2008 it was announced that a consortium consisting

    ofIndia's Sony Entertainment Television network and Singapore-based World

    Sport Group secured the global broadcasting rights of the Indian Premier

    League. The record deal has a duration of ten years at a cost of US $1.026

    billion. As part of the deal, the consortium will pay the BCCI US $918 million

    for the television broadcast rights and US $108 million for the promotion of the

    tournament. This deal was challenged in the Bombay High Court by IPL, and

    got the ruling on its side. After losing the battle in court, Sony Entertainment

    Television signed a new contract with BCCI with Sony Entertainment

    Television paying 8,700 crore (US$ 1.97 billion) for 10 years. One of the

    reasons for payment of this huge amount is seen as the money required to

    subsidize IPL's move to South Africa which will be substantially more than the

    previous IPL. IPL had agreed to subsidize the difference in operating cost

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    between India and South Africa as it decided to move to the African nation

    after the security concerns raised because of its coincidence with India's

    general elections.

    20% of these proceeds would go to IPL, 8% as prize money and 72% would be

    distributed to the franchisees. The money would be distributed in these

    proportions until 2012, after which the IPL would go public and list its shares

    (But recently in March 2010, IPL decided not to go public).

    Sony-WSG then re-sold parts of the broadcasting rights geographically to other

    companies. Below is a summary of the broadcasting rights around the world.

    On 4 March 2010 ITV announced it had secured the United Kingdom

    television rights for the 2010 Indian Premier League. ITV will televise 59 of

    the 60 IPL matches on its ITV4 free to air channel.

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    Sponsorships

    31

    WINNING

    BIDDER

    Regional Broadcast Rights Terms of Deal

    Sony/World

    Sport Group

    India 10 years at 8,700 crore (US$ 1.97

    billion)(revised)

    ONE HD Australia: Free-to-air HD and SD television.

    Owned by Network TEN.

    5 years at AUD 10-15 Million.

    Sky Network

    Television

    New Zealand Terms not released

    PCCW Hong Kong: Broadcast on Now Sports. 2 years, terms not released.

    StarHub Singapore: Broadcast on Cricket Extra. Terms not released

    SuperSportSouth Africa Niger

    Terms not released

    GEO Super Pakistan Terms not released

    Willow TV Rights to distribute

    on television, radio,broadband and Internet, for the

    IPL inNorth America.

    5 years, terms not released

    DirecTV United States: Exclusive broadcast rights on

    CricketTicket.

    Terms not released

    http://en.wikipedia.org/wiki/Sony_Entertainment_Television_(India)http://en.wikipedia.org/wiki/World_Sport_Grouphttp://en.wikipedia.org/wiki/World_Sport_Grouphttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/United_States_dollarhttp://en.wikipedia.org/wiki/ONE_(TV_channel)http://en.wikipedia.org/wiki/Australiahttp://en.wikipedia.org/wiki/AUDhttp://en.wikipedia.org/wiki/Sky_Network_Televisionhttp://en.wikipedia.org/wiki/Sky_Network_Televisionhttp://en.wikipedia.org/wiki/New_Zealandhttp://en.wikipedia.org/wiki/PCCWhttp://en.wikipedia.org/wiki/Hong_Konghttp://en.wikipedia.org/wiki/StarHubhttp://en.wikipedia.org/wiki/Singaporehttp://en.wikipedia.org/wiki/Supersport_(tv_Channel)http://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Nigerhttp://en.wikipedia.org/wiki/GEO_Superhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/w/index.php?title=Willow_TV&action=edit&redlink=1http://en.wikipedia.org/wiki/Televisionhttp://en.wikipedia.org/wiki/Radiohttp://en.wikipedia.org/wiki/Broadbandhttp://en.wikipedia.org/wiki/Internethttp://en.wikipedia.org/wiki/North_Americahttp://en.wikipedia.org/wiki/DirecTVhttp://en.wikipedia.org/wiki/United_Stateshttp://en.wikipedia.org/wiki/Indian_rupeehttp://en.wikipedia.org/wiki/Sony_Entertainment_Television_(India)http://en.wikipedia.org/wiki/World_Sport_Grouphttp://en.wikipedia.org/wiki/World_Sport_Grouphttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/United_States_dollarhttp://en.wikipedia.org/wiki/ONE_(TV_channel)http://en.wikipedia.org/wiki/Australiahttp://en.wikipedia.org/wiki/AUDhttp://en.wikipedia.org/wiki/Sky_Network_Televisionhttp://en.wikipedia.org/wiki/Sky_Network_Televisionhttp://en.wikipedia.org/wiki/New_Zealandhttp://en.wikipedia.org/wiki/PCCWhttp://en.wikipedia.org/wiki/Hong_Konghttp://en.wikipedia.org/wiki/StarHubhttp://en.wikipedia.org/wiki/Singaporehttp://en.wikipedia.org/wiki/Supersport_(tv_Channel)http://en.wikipedia.org/wiki/South_Africahttp://en.wikipedia.org/wiki/Nigerhttp://en.wikipedia.org/wiki/GEO_Superhttp://en.wikipedia.org/wiki/Pakistanhttp://en.wikipedia.org/w/index.php?title=Willow_TV&action=edit&redlink=1http://en.wikipedia.org/wiki/Televisionhttp://en.wikipedia.org/wiki/Radiohttp://en.wikipedia.org/wiki/Broadbandhttp://en.wikipedia.org/wiki/Internethttp://en.wikipedia.org/wiki/North_Americahttp://en.wikipedia.org/wiki/DirecTVhttp://en.wikipedia.org/wiki/United_States
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    India's biggest property developerDLF Group paid US$50 million to be the

    title sponsor of the tournament for 5 years from 2008 to 2013.

    Other five-year sponsorship agreements include a deal with motorcycle maker

    Hero Honda worth $22.5-million, one with PepsiCo worth $12.5-million, and a

    deal with beer and airline conglomerate Kingfisher at $26.5-million.

    Revenue and Profits

    The UK-based brand consultancy, Brand Finance, has valued the IPL at18,500 crore (US$ 4.2 billion) in 2010.It was valued at U$2.01 billion in 2009

    by the same consultancy.

    There are disputed figures for the profitability of the teams. One analyst said

    that four teams out of the eight made a profit in 2009.While the London Times

    said that all but Kings XI Punjab made a profit. In 2010, the IPL expects to

    have 80 official merchandising deals. It has signed a dealwith Swiss watchmaker Bandelier to make official watches for the IPL.

    According to a recent study by a UK-based brand valuation consultancy, the

    brand value of the IPL has more than doubled to USD 4.13 billion (over 18

    crore (US$ 4.09 million)) from USD 2.01 billion in 2009. The franchises have

    been a part of this growth. Chennai Super Kings, who were ranked fourth last

    year, has emerged the most valued franchise in 2010. The CSK franchise has

    moved up the ladder to number one with a valuation of USD 48.4 million. The

    Kolkata Knight Riders co-owned by Bollywood actor Shah Rukh Khan comes

    in second with a valuation of USD 46 million and the Rajasthan Royals, co-

    owned by Bollywood actress Shilpa Shetty comes in third with USD 45.2

    32

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    million. The Royal Challengers Bangalore, owned by Vijay Mallya, is ranked

    fourth with a valuation of USD 41.9 million and is followed by the Mumbai

    Indians (USD 40.8 million), Delhi Daredevils (USD 40.5 million) and Kings

    XI Punjab ( USD 36.1 million). The Deccan Chargers are at the base with a

    valuation of USD 34.4 million.

    Mobile applications

    33

    Rank Franchise Brand Value

    1 Chennai Super Kings $ 48.4 m

    2 Kolkata Knight Riders $ 46 m

    3 Rajasthan Royals $ 45.2 m

    4 Royal Challengers Bangalore $ 41.9 m

    5 Mumbai Indians $ 40.8 m

    6 Delhi Daredevils $ 40.5 m

    7 Kings XI Punjab $ 36.1 m

    8 Deccan Chargers $ 34.4 m

    http://en.wikipedia.org/wiki/Chennai_Super_Kingshttp://en.wikipedia.org/wiki/Kolkata_Knight_Ridershttp://en.wikipedia.org/wiki/Rajasthan_Royalshttp://en.wikipedia.org/wiki/Royal_Challengers_Bangalorehttp://en.wikipedia.org/wiki/Mumbai_Indianshttp://en.wikipedia.org/wiki/Delhi_Daredevilshttp://en.wikipedia.org/wiki/Kings_XI_Punjabhttp://en.wikipedia.org/wiki/Deccan_Chargershttp://en.wikipedia.org/wiki/Deccan_Chargershttp://en.wikipedia.org/wiki/Kings_XI_Punjabhttp://en.wikipedia.org/wiki/Delhi_Daredevilshttp://en.wikipedia.org/wiki/Mumbai_Indianshttp://en.wikipedia.org/wiki/Royal_Challengers_Bangalorehttp://en.wikipedia.org/wiki/Rajasthan_Royalshttp://en.wikipedia.org/wiki/Kolkata_Knight_Ridershttp://en.wikipedia.org/wiki/Chennai_Super_Kingshttp://en.wikipedia.org/wiki/Chennai_Super_Kingshttp://en.wikipedia.org/wiki/Kolkata_Knight_Ridershttp://en.wikipedia.org/wiki/Rajasthan_Royalshttp://en.wikipedia.org/wiki/Royal_Challengers_Bangalorehttp://en.wikipedia.org/wiki/Mumbai_Indianshttp://en.wikipedia.org/wiki/Delhi_Daredevilshttp://en.wikipedia.org/wiki/Kings_XI_Punjabhttp://en.wikipedia.org/wiki/Deccan_Chargers
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    DCI Mobile Studios (A division of Dot Com Infoway Limited), in conjunction

    with Sigma Ventures ofSingapore, have jointly acquired the rights to be the

    exclusive Mobile Application partner and rights holder for the Indian Premier

    League cricket matches worldwide for the next 8 years (including the 2017season). Recently, they have released the IPL T20 Mobile applications

    foriPhone,NokiaSmartphones and Blackberry devices. Soon it will be made

    available across all other major Mobile platforms including

    the Android, Windows Mobile, Palm& others.

    Official website

    The IPL negotiated a contract with the Canadiancompany Live Current Media

    Inc. to run and operate its portals and the minimum guarantee has been

    negotiated at US $50 million over the next 10 years. The official website of the

    tournament is www.iplt20.com.

    Incorporating popular forms of social media into the third season of the IPL,

    the website now contains a more holistic presence across all online mediums.

    The website apart from featuring new additions to empower user interaction,

    has encouraged a wider range of websites around IPL like IPL Tracker and IPL

    Mag amongst other more traditional reporting websites.

    Global following

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    Previous editions of IPL were aired on the now defunct channel Setanta (pay to

    view channel), which entered administration in 2009. James Macleod stated,

    "We are delighted with the viewing figures for the IPL so far. The ratings for

    ITV4s coverage have been around seven or eight times those achieved bySetanta last year, and we're delighted to be bringing the competition to a wider

    audience". Lalit Modi, former Chairman and Commissioner of IPL, also

    expressed immense satisfaction on the way IPL has been accepted by the

    British audience. "ITV beats Sky Sports over the weekend in number of

    viewers. This is great going. The ITV numbers are double that of rugby league.

    This is huge by all imaginations. UK figures for viewership on ITV already 10

    times that of last year. This is just fantastic news," he said.

    MARKETING STRATEGIES

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    Six, getting International Cricket Council to keep a window for IPL season

    was the biggest strategic coup. Now cricket boards all over the world want to

    have similar event but may not be able to get well known players for their

    events!

    Seven, do not forget that (Board of Cricket Control in India) ensured that the

    event got all international recognition and gave it the required financial backup

    to conceive and execute the event.

    EIGHT, attracting the movie stars like Shah Rukh Khan, Preity Zinta and

    Shilpa Shetty along with highly placed industrialist as team owners, ensured

    ample media and public interest which further contributed to the success of the

    event.

    NINE and finally, organisers packaging of all above and ensuring the event

    was always in controversies and news, meant branding exercise of the kind that

    has not been seen in sports. At the end of the end, we have a happy lot of

    bunches public, sponsors, media and most importantly IPL bankers!

    Good job done IPL, Lalit Modi and team- keep the IPL and Indian flag flying!

    IPL is one of the ways of telling the world that India has arrived.

    Advertising in IPL

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    Advertising during IPL matches is over the top the ads start as soon as the

    6th ball of one over is bowled and end only during the 1st ball of the next over.

    It is killing cricket I have heard this over and over for the past many days.

    But hey, they paid big bucks for putting up their advertisements and they needto get a good return out of it dont you think that is fair? The answers might

    be yes, no and maybe but this article is not about the authenticity of the

    advertising in-between overs; rather it is about advertising within the overs.

    Lets look at some of the options

    Britannia single and a MRF two: We have also heard about DLF sixerand a Citibank four etc. Make no mistake its a very important innovation

    that has come through, probably only because of T20. Irritating you bet! But

    what about brand recall?

    Kingfisher Holidays IPL promotion

    Well, it was for a holiday site asking to book tickets for South Africa to catch

    live IPL match! because it was from brand none other than Kingfisher who was

    promoting kingfisherholidays.com with call for action to book tickets NOW to

    catch all the live IPL matches book tickets at kingfisherholidays.com ,

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    Kingfisher Holidays had partnered with DLF IPL 2009 & were offering some

    exclusive tour packages for South Africa to all cricket fans. While the idea was

    good & Im sure they would have gained good traction out of it but then while

    managing their communication I think they should have taken care of

    implementation bit more closely. If at all they wanted to utilize the last slot too

    to promote their holiday portal, maybe they could have done it in a better way

    like a general brand message thanking all who used the portal to travel to SA or

    a different call for action instead of this. Hmmmexecution guys, execution!

    Orkut.com IPL Logo, Google Chrome Promotion on YouTubes IPL Channel

    It stated as of that day, (IPL) the Indian Premier League, is starting today and it

    is going to be a big hit on internet. YouTube which allows everyone to watch

    IPL matches online for free.

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    The IPL excitement is also live on Indias leading social networking site

    Orkut.com. This Google owned site is showing up a special logo (doodle) to

    celebrate the inauguration of IPL matches today.

    We have seen such special logos on Orkut, YouTube and other Google services

    on many occasions.

    Google Promoting Chrome on YouTube IPL Channel

    IPL is the best occasion for companies to promote their brands. Everyone

    wants to cash out the IPL fever including Google. Google is also promoting its

    browserChrome with the tagline: "Fast cricket on a fast new browser get

    Google Chrome now!"

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    INDIAN CRICKET LEAGUE (ICL) - THE UNDER DOG

    Actually ICL is the original league. Only after ICL was announced by ZEE and

    SUBHASH CHANDRA, BCCI felt threatened that their monopoly over cricket

    would get affected and arranged the IPL as a counter attack

    ICL or India cricket league is a parallel private cricket league runs with IPL. It

    has got both versions of cricket that is 50 over and 20 over format of the game

    even though more emphasis is given to the 20-20 format. When started IPL

    consisted of 6 teams then by 2008 it has been increased to 8 and then in the

    second half of the year by 9.

    Board of cricket control of India considers ICL as unauthorized league and it

    has barred ICL players from taking part in any tournament hosted by ICC or

    BCCI.

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    Indian cricket league still had its share of audience. It had got international

    players from almost all the cricket playing nations.

    It is headed by one of the legends of Indian cricket Mr. Kapildev, former

    captain of world cup winning team of India. ICL has got players like Brain

    Lara, who is considered as one among the top 3 players the world, has ever

    produced.

    ICL was launched by Subhash Chandra in May 2007.

    ICL was the original and unique concept in cricket after Zee was not able to

    secure rights of the World Cup 2011.

    Subhash Chandra owns ICL unlike the eight teams in IPL owned by

    different

    Franchises.

    ICL had more than 200 players with 9 teams in total.

    ICL investment was more than 1billion dollars in total.

    ICL had three event televised in a year compared to IPL which only have

    one

    ICL had faced problems in finding grounds.

    it has generated revenue of 750 million in the first 3 years.

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    MARKETING MIX

    PRODUCT

    The production of IPL as a service product is exemplified by the mere volume

    of the production of revenue from every aspect of the game.

    2. Teams, players and every small aspect related to IPL has become an IPL

    product.

    3. Factors like material management for stadiums, players, Facilities

    arrangement for players, spectators, Guests, etc transportation management and

    allied activities require a proper management and BCCI has made all possible

    efforts to provide with the best facilities to everyone from spectators to players

    and third parties involved.

    4. One of the leading products in the segment.

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    5. IPL stands for Indian Premier League. It is a Twenty20 tournament started

    by BCCI. It is the brainchild of Lalit Modi. It started in the year 2008 and

    comprises the players from all over the world. A perfect blend of cricket &

    entertainment. Its providing a stage for many youngsters to show their

    performance & profitable too to Advertisers and broadcasting channels.

    PRICE

    1. Follows a policy of price leadership strategy.

    2. It also uses premium pricing strategy.

    3. Gate revenues in IPL are largely dependent on stadium capacity and

    purchasing power of city. They are expected to vary between Rs200-Rs5, 000

    premium seating.20% of tickets will go to IPL. Internationally, most of these

    teams own stadiums

    As far as the IPLpricing structure is concern, The IPL is predicted to bring the

    BCCI income of approximately US$ 1.6 billion, over a period of five to ten

    years. All of these revenues are directed to a central pool, 40% of which will goto IPL itself, 54% to franchisees and 6% as prize money. The money will be

    distributed in these proportions until 2017, after which the share of IPL will be

    50%, franchisees 45% and prize money 5%. The IPL signed up Kingfisher

    Airlines as the official umpire partner for the series in an Rs.106 Crores (1.06

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    billion) deal. This deal sees the Kingfisher Airlines brand on all umpires

    uniforms & also on the giant screens during third umpire decisions. Sony

    Entertainment Television signed a new contract with BCCI with Sony

    Entertainment Television paying a staggering Rs.8700 Crores (87 billion) for10 years.

    PLACE

    1. The venue chosen for the cricket matches was a strategic choice of places

    which are named after franchisees, which helped attract people.

    The first season of the Indian Premier League commenced on 18 April 2008 in

    India, and ended on 1 June 2008 with the victory of the Rajasthan Royals

    against Chennai Super Kings in the final at the DY Patil Stadium, Navi

    Mumbai.

    As the second season of the IPL coincided with multi-phase 2009 Indian

    general elections, the Indian Central Government refused to provide the Indian

    paramilitary forces to provide security, saying the forces would be stretched too

    thinly if they were to safeguard both the IPL and the elections. As a result, the

    BCCI decided to host the second season of the league outside India. All 59

    matches of the second season, abbreviated as IPL 2, took place in South Africa.

    Ironically, South Africa were also scheduled to have elections doing the IPL,

    however, the South African government provided adequate security for both

    the South African General Elections and the IPL.

    PROMOTION

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    1. Uses all medium of advertisement it includes TV, newspaper, internet,

    billboards etc.

    2. It follows the principle of controversy marketing. Marketing controversy

    either way, the end result is unparalleled coverage; residual awareness of yourproduct, which later most definitely translates into brand recall, and even sales.

    When Bollywood and cricket met, the result was IPL and it was truly

    entertaining to see ones favorite cricketer as well the Bollywood star on the

    same platform. IPL was no doubt an entertaining one. Super stars like Shah

    Rukh, Preity, Akshay, Katrina, Hrithik had been a source which provided a lot

    of glam to IPL promotion.

    To attract the cricket fans, even team-owners have started selling tickets

    personally. Preity Zinta, the co-owner of Kings XI Punjab and Australian pace

    man Brett Lee sold the tickets along with their autographs.

    1. Live concerts.

    2. Uses film stars like Sharuk khan, Akhsay Kumar etc for promotion.3. Grant opening ceremony

    4. Worldwide telecast.

    People

    Indian Premier League is mostly targeted for the younger generation youth. As

    the generations are very busy with their day to day work with IPL they get

    entertainment along with cricket which helps them to enjoy every aspect of the

    game. People are very excited towards IPL as this is only one game that brings

    different players of different countries at one platform, for which they tend to

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    get attracted to see their favorite player perform. Some of the audiences are

    also attracted to see their favorite celebrity cheering for the team.

    Process

    Indian Premier League as a whole is the biggest event of the year for which

    months of preparation are to be done. For instance organizing the respective 8

    teams who are performing for the event and the most important of all is

    marketing the IPL as it has to reach the wide range of audience globally. An

    arrangement of stadium where this event is going to be held is also finalized

    well before. Finally and most important of all is execution of the Event.

    Physical Evidence

    Fun, Music, Entertainment & sports, where can you find that, answer for that is

    INDIAN PREMIER LEAGUE. People wait for this season as they get

    everything in a joyful bundle. IPL is also the biggest platform for advertising

    and promoting different product or brands which is clearly viewable during theevent.

    MARKETING ENVIRONMENT

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    There are several actors and forces present in the industry that determine the

    fate of the product, IPL and ICL is no exception to this. We can classify those

    macro forces mainly into 6 groups

    1. Demographic environment

    2. Physical environment

    3. Economic environment

    4. Technological environment

    5. Socio-cultural environment

    6. Political and legal environment

    (Marketing management 12th edition (12e) by kotler and Keller page numer-

    27) I have used two variables in SWOT analysis to understand the macro

    environment that is OPPUTUNITIES and TREATS and to understand the

    micro environment STREGTH and WEAKNESS is used.

    SWOT ANALYSIS

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    SWOT analysis is a strategic planning method used to

    evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in

    aproject or in abusiness venture. It involves specifying the objective of the

    business venture or project and identifying the internal and external factors thatare favorable and unfavorable to achieve that objective. The technique is

    credited to Albert Humphrey, who led a convention at Stanford University in

    the 1960s and 1970s using data from Fortune 500 companies.

    A SWOT analysis must first start with defining a desired end state or objective.

    A SWOT analysis may be incorporated into the strategic planning model.

    Strategic Planning has been the subject of much research.

    Strengths: characteristics of the business or team that give it an

    advantage over others in the industry.

    Weaknesses: are characteristics that place the firm at a

    disadvantage relative to others.

    Opportunities: externalchances to make greater sales or profits in

    the environment.

    Threats: externalelements in the environment that could cause

    trouble for the business.

    Identification of SWOTs is essential because subsequent steps in the

    process of planning for achievement of the selected objective may be

    derived from the SWOTs.

    First, the decision makers have to determine whether the objective is

    attainable, given the SWOTs. If the objective is NOT attainable a different

    objective must be selected and the process repeated.

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    The SWOT analysis is often used in academia to highlight and identify

    strengths, weaknesses, opportunities and threats. It is particularly helpful in

    identifying areas for development

    MATCHING AND CONVERTING.

    Another way of utilizing SWOT is matching and converting. Matching is used

    to find competitive advantages by matching the strengths to opportunities.

    Converting is to apply conversion strategies to convert weaknesses or threats

    into strengths or opportunities. An example of conversion strategy is to find

    new markets. If the threats or weaknesses cannot be converted a company

    should try to minimize oravoidthem

    EVIDENCE ON THE USE OF SWOT

    SWOT analysis may limit the strategies considered in the evaluation. J. Scott

    Armstrong notes that "people who use SWOT might conclude that they have

    done an adequate job of planning and ignore such sensible things as defining

    the firm's objectives or calculating ROI for alternate strategies." Findings from

    Menon et al. (1999) and Hill and Westbrook (1997) have shown that SWOT

    may harm performance. As an alternative to SWOT, Armstrong describes a 5-

    step approach alternative that leads to better corporate performance.

    INTERNAL AND EXTERNAL FACTORS

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    The aim of any SWOT analysis is to identify the key internal and external

    factors that are important to achieving the objective. These come from within

    the company's unique value chain. SWOT analysis groups key pieces of

    information into two main categories:

    Internal factors Thestrengths and weaknesses internal to the

    organization.

    External factors The opportunities and threats presented by the

    external environment to the organization. - Use

    a PEST orPESTLE analysis to help identify factors

    The internal factors may be viewed as strengths or weaknesses depending

    upon their impact on the organization's objectives. What may represent

    strengths with respect to one objective may be weaknesses for another

    objective. The factors may include all of the 4P's; as well as personnel,

    finance, manufacturing capabilities, and so on. The external factors may

    include macroeconomic matters, technological change, legislation, and

    socio-cultural changes, as well as changes in the marketplace or

    competitive position. The results are often presented in the form of a

    matrix.

    SWOT analysis is just one method of categorization and has its own

    weaknesses. For example, it may tend to persuade companies to compile

    lists rather than think about what is actually important in achieving

    objectives. It also presents the resulting lists uncritically and without clear

    prioritization so that, for example, weak opportunities may appear to

    balance strong threats.

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    It is prudent not to eliminate too quickly any candidate SWOT entry. The

    importance of individual SWOTs will be revealed by the value of the

    strategies it generates. A SWOT item that produces valuable strategies is

    important. A SWOT item that generates no strategies is not important.

    SWOT Analysis Indian Premier League (IPL)

    Where will you find the Mumbai Indians, the Royal Challengers, the Deccan

    Chargers, the Chennai Super Kings, the Delhi Daredevils, the Kings XI Punjab,

    the Kolkata Knight Riders and the Rajasthan Royals? In the Indian Premier

    League (IPL) - the most exciting sports franchise that the World has seen in

    recent years, with seemingly endless marketing opportunities (and strengths,

    weaknesses and threats of course!).

    STRENGTH

    IPL is based on the 20-20 format of cricket which would be completed

    within 3 hours. It is fast-paced and exciting, and more over it can be

    played in weekend or weekend afternoons. That makes it appealing like

    American football, Basketball and soccer. It will appeal both to TV

    audience and as a spectator sport.

    IPL structure is such that all the aspects work in great balance to

    maximize the Profit.

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    India is cricket crazy nation so it is easy to promote the products like IPL

    and ICL.

    WEAKNESS

    20-20 has become so popular that it can damage the other forms of

    cricket that is 50 over game and test cricket.

    There is always a distance from fans as it is difficult for everyone to get

    into the ground to see the matches.

    It is very difficult for sports and business to go together, business needs

    quick results but in a team sport it might take time to get a group

    together. If management and team are two levels it creates problems for

    the players.

    OPPURTUNITIES

    IPL is very attractive as a marketing communication opportunity since it

    has a large potential mass audience, especially for advertisers and

    sponsors.

    If the franchisees are able to generate a large fan base then it will be

    able to generate a large TV revenue

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    Fan are of different types so there will be more corporate hospitality,

    season tickets, away tickets, TV pay-per-view and other ways to segment

    the markets for IPL

    Opportunity for merchandising is very huge e.g. sales of shirts, credit

    cards and other fan memorabilia. Grounds can also sell refreshments and

    other services during the game.

    This version helps to gain more youngsters to game and this will create

    a long term fan base for the franchisees .Their parents and older cricket

    fans may still prefer older forms of cricket. Youth market will also force

    the other to buy the product as status symbol.

    India has traditionally high inflation rate but the franchise has to pay

    only a fixed rate still 2017-18 means the investment is safe.

    THREATS

    Revenue will be more for highly supported team not for the highly

    priced team.

    Franchises are highly expensive. The most expensive team was broughtby MUKESH AMBANI for $111.9million and the lowest Rajasthan

    royal for $67million.

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    PEST analysis stands for "Political, Economic, Social, and Technological

    analysis" and describes a framework of macro-environmental factors used in

    the scanning component ofstrategic management. Some analysts added Legaland rearranged the mnemonic to SLEPT; inserting Environmental factors

    expanded it to PESTEL or PESTLE, which is popular in the United

    Kingdom. The model has recently been further extended to STEEPLE and

    STEEPLED, adding education and demographic factors. It is a part of the

    external analysis when conducting a strategic analysis or doing market

    research, and gives an overview of the different macro environmental factors

    that the company has to take into consideration. It is a useful strategic tool for

    understanding market growth or decline, business position, potential and

    direction for operations.

    The growing importance of environmental or ecological factors in the first

    decade of the 21st century have given rise to green business and encouraged

    widespread use of an updated version of the PEST framework. STEER analysis

    systematically considers Socio-cultural, Technological, Economic, Ecological,

    and Regulatory factors.

    Political factors are how and to what degree a government intervenes in the

    economy. Specifically, political factors include areas such as tax policy, labour

    law, law, trade, tariffs, and political stability. Political factors may also include

    goods and services which the government wants to provide or be provided

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    (merit goods) and those that the government does not want to be provided

    (demerit goods or merit bads). Furthermore, governments have great influence

    on the health, education, and infrastructure of a nation.

    Economic factors include economic growth, interest rates, exchange rates and

    the inflation rate. These factors have major impacts on how businesses operate

    and make decisions. For example, interest rates affect a firm's cost of

    capital and therefore to what extent a business grows and expands. Exchange

    rates affect the costs of exporting goods and the supply and price of imported

    goods in an economy

    Social factors include the cultural aspects and include health consciousness,

    population growth rate, age distribution, career attitudes and emphasis on

    safety. Trends in social factors affect the demand for a company's products and

    how that company operates. For example, an aging population may imply a

    smaller and less-willing workforce (thus increasing the cost of labor).Furthermore, companies may change various management strategies to adapt to

    these social trends (such as recruiting older workers).

    Technological factors include technological aspects such

    as R&D activity, automation, technology incentives and the rate

    oftechnological change. They can determinebarriers to entry, minimum

    efficient production level and influence outsourcing decisions. Furthermore,

    technological shifts can affect costs, quality, and lead to innovation.

    Environmental factors include ecological and environmental aspects such as

    weather, climate, and climate change, which may especially affect industries

    58

    http://en.wikipedia.org/wiki/Merit_goodhttp://en.wikipedia.org/wiki/Demerit_goodhttp://en.wikipedia.org/wiki/Healthhttp://en.wikipedia.org/wiki/Educationhttp://en.wikipedia.org/wiki/Infrastructurehttp://en.wikipedia.org/wiki/Economic_growthhttp://en.wikipedia.org/wiki/Interest_ratehttp://en.wikipedia.org/wiki/Exchange_ratehttp://en.wikipedia.org/wiki/Inflation_ratehttp://en.wikipedia.org/wiki/Cost_of_capitalhttp://en.wikipedia.org/wiki/Cost_of_capitalhttp://en.wikipedia.org/wiki/R%26Dhttp://en.wikipedia.org/wiki/Automationhttp://en.wikipedia.org/wiki/Technological_changehttp://en.wikipedia.org/wiki/Barrier_to_entryhttp://en.wikipedia.org/wiki/Outsourcinghttp://en.wikipedia.org/wiki/Innovationhttp://en.wikipedia.org/wiki/Climate_changehttp://en.wikipedia.org/wiki/Merit_goodhttp://en.wikipedia.org/wiki/Demerit_goodhttp://en.wikipedia.org/wiki/Healthhttp://en.wikipedia.org/wiki/Educationhttp://en.wikipedia.org/wiki/Infrastructurehttp://en.wikipedia.org/wiki/Economic_growthhttp://en.wikipedia.org/wiki/Interest_ratehttp://en.wikipedia.org/wiki/Exchange_ratehttp://en.wikipedia.org/wiki/Inflation_ratehttp://en.wikipedia.org/wiki/Cost_of_capitalhttp://en.wikipedia.org/wiki/Cost_of_capitalhttp://en.wikipedia.org/wiki/R%26Dhttp://en.wikipedia.org/wiki/Automationhttp://en.wikipedia.org/wiki/Technological_changehttp://en.wikipedia.org/wiki/Barrier_to_entryhttp://en.wikipedia.org/wiki/Outsourcinghttp://en.wikipedia.org/wiki/Innovationhttp://en.wikipedia.org/wiki/Climate_change
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    such as tourism, farming, and insurance. Furthermore, growing awareness of

    the potential impacts of climate change is affecting how companies operate and

    the products they offer, both creating new markets and diminishing or

    destroying existing ones.

    Legal factors include discrimination law, consumer law, antitrust

    law, employment law, and health and safety law. These factors can affect how

    a company operates, its costs, and the demand for its products.

    Applicability of the factors

    The model's factors will vary in importance to a given company based on its

    industry and the goods it produces. For example, consumer

    and B2B companies tend to be more affected by the social factors, while a

    global defense contractor would tend to be more affected by political factors.

    [Additionally, factors that are more likely to change in the future or more

    relevant to a given company will carry greater importance. For example, acompany which has borrowed heavily will need to focus more on the economic

    factors (especially interest rates).

    Furthermore, conglomerate companies who produce a wide range of products

    (such as Sony, Disney, or BP) may find it more useful to analyze one

    department of its company at a time with the PESTEL model, thus focusing on

    the specific factors relevant to that one department. A company may also wishto divide factors into geographical relevance, such as local, national, and global

    (also known as LoNGPESTEL).

    59

    http://en.wikipedia.org/wiki/Discrimination_lawhttp://en.wikipedia.org/wiki/Consumer_lawhttp://en.wikipedia.org/wiki/Antitrust_lawhttp://en.wikipedia.org/wiki/Antitrust_lawhttp://en.wikipedia.org/wiki/Employment_lawhttp://en.wikipedia.org/wiki/Health_and_safety_lawhttp://en.wikipedia.org/wiki/Business-to-businesshttp://en.wikipedia.org/wiki/Discrimination_lawhttp://en.wikipedia.org/wiki/Consumer_lawhttp://en.wikipedia.org/wiki/Antitrust_lawhttp://en.wikipedia.org/wiki/Antitrust_lawhttp://en.wikipedia.org/wiki/Employment_lawhttp://en.wikipedia.org/wiki/Health_and_safety_lawhttp://en.wikipedia.org/wik

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