Discuss how the NBA identifies new markets and why you believe the NBA has chosen China as an area in which to expand.
The National Basketball Association (NBA) has been expanding its reach into new markets for many years. The league has identified a number of factors that it considers when identifying new markets, including:
China meets all of these criteria. China has a population of over 1.4 billion people, and the country’s economy is one of the fastest-growing in the world. Basketball is also very popular in China, and the NBA has a large following in the country.
In addition to these factors, the NBA is also attracted to China because of the country’s growing middle class. The Chinese middle class is expected to grow to over 400 million people by 2022, and these consumers have a lot of disposable income. This makes China a very attractive market for the NBA, as the league can sell tickets, merchandise, and other products to this growing group of consumers.
The NBA has been very successful in China so far. The league has played regular-season games in China since 2004, and the NBA China office has been very active in promoting the league in the country. The NBA has also signed a number of lucrative sponsorship deals with Chinese companies, and the league’s television ratings in China have been very strong.
The NBA’s success in China is a testament to the league’s ability to identify and expand into new markets. The league has done a great job of building a strong following in China, and the NBA is well-positioned to continue to grow its business in the country in the years to come.
Here are some additional reasons why the NBA has chosen China as an area in which to expand:
The NBA’s expansion into China has been a success so far. The league has played regular-season games in China since 2004, and the NBA China office has been very active in promoting the league in the country. The NBA has also signed a number of lucrative sponsorship deals with Chinese companies, and the league’s television ratings in China have been very strong.
The NBA’s success in China is a testament to the league’s ability to identify and expand into new markets. The league has done a great job of building a strong following in China, and the NBA is well-positioned to continue to grow its business in the country in the years to come.