#study with exceltemplate

[nikunjbhoraniya]

GRR Study in easy 6 steps with excel template explained with example have a look

[kobejacobs1125]

Entry 3

Reflections on the A3 Asset Inventory project including your contribution and how an asset inventory can assist a sports organisation in managing their sponsorship assets.

Initially, conducting an asset inventory list for the Preston Bullants seemed tricky. However, after looking back at previous assessments completed with the club as well as some further research, creating their tailored list wasn’t too difficult. Having Preston’s annual reports from the past three years assisted in providing the basic details comprised in the sponsorship snapshot. One of the more challenging components in this assignment was trying to determine an appropriate price for an individual asset. Looking up certain prices for an asset was an avenue to go down, yet sometimes you were left forging your price based on pure assumption.  

https://www.vertex42.com/ExcelTemplates/asset-tracking-software.html

My contribution in this assessment was based on the event section of the asset inventory. Bruhn and Holzer (2015) mention how that consumers understand how sponsors use events as a means for generating sufficient profit. And profit must be achieved for those hosting events, knowing that paying for occasions as such can be extremely expensive. For example, Preston has numerous events they hold throughout the football calendar, one being their end of year celebration. Held at one of their major sponsors’ locations in the Stone Hotel, through research it was made aware that an event like this can cost up to anywhere around the two thousand dollar mark.

Therefore knowing how pricey individual assets can be, all sports organisations much complete inventory lists, which will ultimately assist in the management of the clubs’ money. If detailed enough, the list can thoroughly and accurately pinpoint how valuable an asset is to the sporting organisation. In general, finding out the true value of a sponsorship tool can further assist those who actively look to become more aware of the costs in the sports marketing area (Kot, 2017). Those willing to do the planning and research of figuring out the prices in sponsorship will reap the rewards in sustaining a good amount of money for their sports club.

Referencing:

Bruhn, M., & Holzer, M. (2015). The role of the fit construct and sponsorship portfolio size for event sponsorship success: A field study. European journal of marketing, 49(5-6), 874-893.  https://www.proquest.com/docview/2085638836?OpenUrlRefId=info:xri/sid:primo&accountid=132066

 Kot, S. (2017). Real Value of Advertising Value Equivalent in Sport Sponsorship. International review of management and marketing, 7(1), 34-42. https://www.proquest.com/docview/1865226860?pq-origsite=primo&accountid=132066