Friday, August 17, 2012

Guest Blog Entry - The Olympic Brand: Marketing Change

Hello everyone!  We have a guest blog entry today from Walter Sanders of Sanders Brand Solutions.  Enjoy!

The Olympic Brand: Marketing Change

Imagine an observer time-transported from the first Olympic Games in 776 B.C. to the 2012 Games in London.
Beyond the shock and awe of a modern city, you’d have one very old and confused sports-minded Greek.

All these other things, these crazy other sports, are the key to the relevancy of the Olympic brand.“I remember the big race just before the picnic lunch,” said the old Greek. “That speedy Kostas raced Achilles to the rock and back. Kostas won and Achilles wanted a rematch in four years because he hurt his heel,” smiled the ancient man. “Those were the days! But what are all these other crazy things going on here…what kind of sports are they?”

From Track and Field to Volleyball and Beyond

The ancient games were mostly track and field. The games then faded as the Roman Empire overpowered Greece. But the spirit of the games was kept alive through the history of ancient Greece and the glowing notion of the Olympic ideal in the Western world.
After a hiatus of more than 2,000 years, the “Modern Games” emerged in 1896. They were largely a British re-invention and re-calibration of track and field competition. As theInternational Olympic Committee structure evolved with more nations represented, the Games quickly began to include other events beyond track and field.
That re-invention has only accelerated over the years with events like badminton, basketball, tennis, rowing, and shooting to name just a few. These new sports come and go as market demands change.

Change is the Single Most Important Brand-Building Olympic Strategy

So how have the Olympics built their brand through change?
The IOC is brilliant at framing, leveraging, managing and packaging the primal, human urge to compete into cycles that climax every four years.
The competitions include old standbys like track and field where historic performances are fun and easy to compare.

If the most appealing sports are best played by professionals…then change the rules to allow and welcome professionals to compete.The Modern Games include a constant ebb and flow of new events that reflect changing market interests and growth opportunities.
The IOC is fearless in leveraging changes in technology (especially broadcast technology) which facilitate the delivery of the Games to huge audiences around the world.
The IOC has also created brand extensions like the Winter Olympics, Youth Olympic Games and the Paralympics which serve and attract different markets and cross-season interests.

Goodbye Old Olympic Ideal. Hello New Olympic Marketing Ideal

There aren’t many brands that have their heritage so firmly planted in ancient soil — yet grow in their present and future by pursuing changing markets, attractive performers and new sports.
We all can benefit from the business lesson provided by the International Olympic Committee. The only way to grow your brand is to recognize and embrace change while valuing the core interests of your current and future audiences.

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