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4. From the following mini case of ESPN, find out different options pursued by ESPN
to meet the Growth Opportunities from the following growth strategy options. [5]
ESPN Through its singular focus on sports programming and news, ESPN grew from a
small regional broadcaster into the biggest name in sports. In the early 1990s, the
company crafted a well-thought-out plan: Wherever sports fans watched, read, and
discussed sports, ESPN would be there. It pursued this strategy by expanding its brand
and now encompasses 10 cable channels, a Web site, a magazine, a few restaurants
(ESPN Zone), more than 600 local radio affiliates, original movies and television series,
book publishing, a sports merchandise catalog and online store, music and video games,
and a mobile service. ESPN International partly or wholly owns 47 television networks
outside the United States and a variety of additional businesses that reach sports fans in
more than 200 countries and territories across all seven continents. Now owned by The
Walt Disney Company, ESPN contributes $9.4 billion a year in revenue, or roughly
three-fourths of Disney’s total cable network revenues. But perhaps the greatest tribute to
the power of its brand came from one male focus group respondent who said, “If ESPN
was a woman, I’d marry her.”
Name of Option/s of Growth Strategy
a. Market Penetration d.Backward Integration g.Concentric Diversification
b. Product Development e.Forward Integration h. Horizontal Diversification
c. Market Development f. Horizontal Integration I. Conglomerate Diversification