Tag Archives: sports

Toddler Bike Racing

It’s summertime and the weather is hot – perfect for riding bikes, and for competitive racing, too. Now, even toddlers can get in on the action at the Strider Cup balance bike races.

The Strider Cup is a series of four races, ending with a World Championship event. The festival also includes adventure zones for playing and test riding the balance bikes. It is focused on positive aspects of sports competitions for toddlers, and more importantly, teaches them how to easily learn to ride a bike.

In case you are not familiar with Strider and balance bikes, the company started when the founder wanted to share his love of adventure and riding with his 2-year old son. But, traditional tricycles and training wheel bikes didn’t offer the same adventure and off-road riding ability. What resulted was a kid’s bike without pedals or chains. Essentially, it is a light-weight, simple to ride bike where riders can keep their feet on the ground as they learn to balance and glide.

Strider is the leader in balance bikes, selling more than 1.6 million bikes in 70 different countries since 2007. There are several models of bikes, ranging from classic ($99.99) to pro ($169.99), and also offers special needs bikes for all abilities (up to $219.99).

Come on – let’s go for a ride!

Group Activities and Discussion Questions:

  1. Pricing is a complex topic. Discuss the six steps for pricing (determining objectives, estimating demand, determining cost/profit relationships, select price level, set list price, and make adjustments).
  2. Discuss the various pricing models in class: demand-oriented, cost-oriented, profit-oriented, and competition-oriented.
  3. Show Strider balance bikes Web site: https://www.striderbikes.com/
  4. Videos of the Strider Cup and the cute toddler racers: https://youtu.be/nwyDKv_v0P0
  5. For balance bikes, divide students into groups and have each group work on any/all of the six steps.
  6. When setting the price level, assign each team a different model to use (demand-oriented, cost- oriented, etc.).
  7. Debrief the exercise. Compare the various pricing models and discuss advantages/disadvantages of each.

Source:  Outside magazine   

 

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NBA Uniforms Take Sponsors

People love sports. We watch sports on TV, listen on the radio, read about victories and defeats in the news, and emulate those athletes who represent our ideals. We buy tennis racquets used by Serena Williams, golf clubs hit by Tiger Woods, and basketball gear worn by LeBron James. Sports and athletes are a common component in many companies’ marketing campaigns.

Thus, it seems only natural that the NBA, one of the largest sports franchises, is now going to allow companies to sponsor teams and have their logos emblazoned on team jerseys. Starting next season, new logo patches will be added to jerseys, with brands paying premium price for the NBA exposure.

So far, only six teams have signed sponsors:

  • Philadelphia 76ers have a three-year deal worth $5 million per year with StubHub.
  • Sacramento Kings signed with Blue Diamond Growers for a $5 million per year, three-year trial run.
  • Boston Celtics have an $8 million per year, three-year agreement with GE.
  • Brooklyn Nets also have a deal worth $8 million/year for three years with Infor.
  • Cleveland Cavaliers have a multi-year sponsorship with Goodyear that includes a $1 million donation to Cleveland and Akron public schools.
  • Utah Jazz has a $4 million sponsorship deal with Qualtrics, but will not use the company logo. Instead, it will use a logo for “5 For The Fight” campaign promoting cancer research.

Which companies do you want to see on your home team jerseys?

Group Activities and Discussion Questions:

  1. Discuss the role of branding and sponsorship of sports.
  2. Ask the students their opinions about the NBA jersey branding.
  3. Show the video of Goodyear sponsoring the Cavaliers:

https://youtu.be/dz0WRL3ttlY

  1. Divide students into team. Have each team select a company and brand to represent. Using company information about values and mission, have each student team select a sports team to sponsor.
  2. Explain how the company and team fit.
  3. Set metrics to measure the effectiveness of the sponsorship.

Source: Forbes, Brandchannel.com  

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Innovation: An Amphibious Prosthetic Leg

In 2004, U.S. Marine Corp. veteran Dan Lasko lost his left leg while serving in Afghanistan. Unfortunately, he is far from the only casualty of war; roughly 6% of all injured veterans have lost a limb. This makes it critical to innovate new solutions to help veterans return to an active lifestyle.

An active lifestyle was very important to Dan Lasko; the 33-year old has two young sons and all are active swimmers. But Lasko faced a unique problem in that that amputees cannot easily swim; prosthetics legs are not designed to go between land and water in a functional way.

In a collaboration between Northwell Health, J. Walter Thompson New York, and Lasko, the team designed and developed an amphibious prosthetic leg. Using extensive design and testing, “The Fin” was developed – 3-D-printed prosthetic leg that can help one naturally walk into the water, swim, and even dive.

Innovation changes lives.

Group Activities and Discussion Questions:

  1. Discuss the steps of the innovation process.
  2. Students: What are the critical factors to successfully developing a new product?
  3. Show the video of The Fin’s development: https://youtu.be/m8KmWGZvkI4
  4. More information is also available at: https://www.northwell.edu/about/news/press-releases/northwell-returns-amputees-water-creating-first-3d-printed-amphibious-prosthetic-leg
  5. There are numerous other innovations that are focused on improving lives. Divide students into teams and have team search for a similar problem, and solution, to the one discussed in this case.

Source: Ad Week  

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