Do you have your P’s in order?

Do you have your P’s in order?
by Kirk Wakefield – January 2018

People. Purpose. Performance. (Pictures.)

S3 2018 Board Meeting

Paul Epstein challenged the room of executives, managers and students to truly put people first. With over a decade of managerial experience in pro sports, most recently as Director of Sales at the San Francisco 49ers, Paul shared how their sales organization was transformed by helping people “find their WHY.” When organizations put people and purpose first, performance takes care of itself.

Tim Salier, Vice President of Franchise Operations at Spurs Sports & Entertainment, shared how the Austin Spurs G-League team faced high sales force turnover and low productivity. Putting people first, the sales structure was flattened, base salaries of account executives increased above $30,000 and career planning began with stretch assignments to strengthen skill sets in other areas. The results? Revenue rose 300% and more sales reps stayed in place after rampant turnover in the years prior.

Putting Your Money Where…

Chase Jolesch, Director of Ticketing & Premium for the Vegas Golden Knights, stated, “If people truly come before purpose and performance, we must act upon it. We can’t say we care and then ask people to work for less just because it’s sports.”  Shawn McGee, Vice President of Sales & Marketing at Homestead Miami Speedway added:

U.S. Compensation Across All Industries

I’ve seen both sides—low base and high commission and higher base with less commission. In the past, I fully subscribed to mitigating risk by paying a lower base and providing a more substantial commission, as well as forcing the salespeople to drive revenue in order to increase compensation.  However, at my current company, we pay a higher base and little commission.  At first I thought it would lead to lazy salespeople and lack of urgency to hit numbers. We actually found it allows us to source better talent who are still driven to reach the goals…and we can retain those sales people.

Research from the NBA suggests sales reps accept positions with a team for the potential career path and that a lack of clear career path is the main reason for leaving. We agree. Millennials, like most of us, want to be a part of something bigger than ourselves. We want to see a future and purpose in what we do.

Some studies report compensation is rarely a reason for entering a sports sales career. That’s because starting salaries are often far below other industries. The table (right) offers pay comparisons to similar positions across all industries (i.e., not sports). If we want the top talent, will we get it by paying under market rates? If we want to maximize revenue, can we do that by offering the minimum?

Those on the brand, data and agency side of sports are largely competitive with the general market. We look forward to those responsible for ticket sales to lead the way in attracting and keeping top talent.

Leadership Style

As leaders it comes down to our own personal purpose, values and approach to managing and leading others. Do we see our relationship with employees as more parent-child (Theory X) or adult-adult (Theory Y)? Which do you think achieves the best results with today’s generation? (Hint: Same as when this first came out in 1960. You have to know your Y.)

People are different. Some more different than others. We think most S3 graduates are ready to perform, but variance exists. Learning new skills requires more direction, but once learned need more support and coaching. Research shows over half of leaders use the same leadership style regardless of situation or person, which translates into not meeting the needs of employees at least half the time.

Situational leadership adjusts to the person-situation. The best leaders know when to delegate, support, coach or direct, based on the employee’s skill development. (See Situational Leadership Model below.) Managers who put people first focus on knowing individuals, what makes them tick (their why) and adapt to meet their needs. Results follow.

Source: KenBanchard.com

The Spurs Sports & Entertainment (SSE) organization puts situational leadership into action. When Allen Schlesinger took an innovative approach to social selling that gave up on cold-calling leads, SSE unleashed Allen to become the leading revenue generator in the NBA’s developmental league (now G-league).

The Cost of Leadership Failure

Replacing a sales rep takes 3-4 months and typically costs at least 150% of the reps’ compensation in lost revenue and added recruiting & training costs. We might have a different view of turnover if we pictured $75,000 walking out the door each time one leaves.

Average turnover in sales across all industries generally hovers around 25% each year. Common thinking is (a) if turnover is over 25%, the problem is management not the employees, and (b) employees leave managers not companies.

Why do employees leave managers? In the sports industry, not unlike others, we promote the best salespeople to become managers. Unfortunately, great sales people make terrible sales managers, as about 1 in 6 suited for sales are good fits for management. We know this is true in sports–the best players are rarely good coaches or managers–so why do we think it works in business?

The Secret of Success

The good news is other ways work. Members of the S3 Advisory Board, like Eric Platte at the Atlanta Hawks, have sales management training programs that identify quality candidates with the right mixture of sales competency and openness to servant leadership to develop into future managers.

The 49ers Sales Academy is a result of a culture shift based on People–Purpose–Performance, in that order. How did they transform the sales force?

First, the focus changed from a “manage up or out” to a retention approach. They asked, “How can we find people who have not only the basics to succeed but whose strengths can shine in the organization for years to come?” The search is for great talents, great people–those who want to do something special.

Second, they took the external sales philosophy of “every seat has a story” for customers and applied it internally to employees. In recruiting, that means taking deep dives into why they are in this business and their values that determine how they do what (sell) they want to do.

Third, once a part of the team, management continues the process of starting with WHY to engage and listen to employees to identify themes to incorporate systems and behaviors to accomplish purposes important to employees. (See diagram, right.) Performance is not the objective, but the result of a people→purpose orientation.


Thanks again to Paul Epstein for bringing these words and illustrations to life–and who now continues his journey to inspire others at the BW Leadership InstituteAre you interested in learning more about the Center for Sports Sponsorship & Sales (S3) at Baylor? Do you identify with the WHY & HOW of what you’ve just read–and want to join us? Visit www.Baylor.edu/Business/S3Thanks to those who traveled to Waco to experience record-breaking cold. Check out your pics below! Click on one to begin the slide show.


An Internship Model for Sports Sales, Marketing, CRM & Analytics

An Internship Model for Sports Sales, Marketing, CRM & Analytics
by Kirk Wakefield – January 2017

After arranging & supervising hundreds of sports internships for the last dozen or so years, Dr. Darryl Lehnus and I devised a system that works well for us.

Ideally, partners provide the internship with the same objective of developing and evaluating talent in view of future employment there or elsewhere. Our partners see intern successes as their successes, as it reflects on their abilities to train, motivate, and model excellent performance.

Among others, the Pittsburgh Pirates B.U.C.S Academy and the New York Mets are ahead of the game in organizing internships and recruiting to careers. While many teams and companies provide summer internships, the Houston Texans (sponsorships) and Houston Astros (CRM) provide 9-12 month postgraduate internships specifically for our graduates to gain more in-depth training before launching careers.

Our best-in-class partnerships do five things:

  1. Budget for internships.
  2. Show up every year to interview.
  3. Provide awards or incentives. (Examples: See StubHub & MLBAM.)
  4. Serve as mentors.
  5. Initiate follow-up with interviews to (a) hire or (b) refer for hiring.

Five Not-So-Easy Steps

From a process standpoint, partners follow these five steps. We’ll explain each in turn.

  1. Prepare students for careers.
  2. Determine parameters & responsibilities.
  3. Define, communicate and evaluate on criteria that predict success.
  4. Hold students responsible.
  5. Review insights & follow-through with students.

Prepare students for careers

Ask employers what they want. Continue to ask.

Too many prepare students for sports marketing or sports management jobs. The only problem is no entry level positions exist for “sports marketer” or “sports manager.” Entry level positions do exist in ticket sales, sponsorship sales & service/fulfillment, CRM, and analytics. Design coursework and programs accordingly.

Business schools have courses in professional selling, database management, statistics and predictive modeling, and data visualization (Excel, Tableau, etc.). Take advantage of these courses in planning curriculum requirements. When employers see you take them seriously, they’ll line up for your students.

Determine Parameters & Responsibilities

Once employers agree, we send them a link to an online form to identify the supervisor, time frame (start, finish, hours per week, pay or course credit), and responsibilities. Most likely you’ve already discussed this, but best to not be surprised at the end of the term that the internship didn’t include a vital part of what they needed to experience.

After selecting the type of internship, the employer completes the appropriate section for what the intern will do. Our forms are below.

Define, communicate and evaluate criteria for success

Every year the National Association of Colleges & Employers (NACE) publish a list of attributes most desired of new hires. These could differ among some, but odds are they are the same. With a little adaptation, we use these for midterm and final evaluations by the intern’s direct supervisor.

Responses on the primary criteria (below) are shared with the intern in a meeting with the academic advisor. We also ask about punctuality, attitude, performance, and overall grade from the direct supervisor of the internship at the employer. The entire form may be downloaded here.

Sports Internship Evaluation Criteria

Specific to our own preparation and values, we ask students to be 2nd milers. When asked to do something (walk a mile), go above and beyond expectations (go the second mile). Supervisors rate the intern accordingly (below).

Hold students responsible

Students should perform well in the internship. We expect that.

We also expect them to reflect on what they learn. Keeping a daily or weekly journal is recommended.At the end of the term, students must submit the S3 Internship Report Form (click to download) regarding a weekly log of hours, assignments, volunteering, accomplishments, application of class material, issues (problems or challenges & resolutions), culture, behavioral adaptation, recommendations, and net promoter score rating for the internship.

Review insights & follow-through with students

Meet with each student to get his or her take on the evaluation provided in Step 3. Usually there are no surprises. Employers do a good job of picking up on areas for improvement that you’ve likely noticed in class. So, it’s nice to have someone else see it and say it.

Generally, these are great times to encourage students in careers. On occasion, you can use these to give appropriate kicks in the pants. We’ve seen these have fairly drastic effects on capable students who needed to get with the program. On occasion, you find some who need to find another program. The wide world of sports, perhaps the same as other industries (but we think more so),demands a high level of commitment. We help students by holding them to a high standard.

Conclusion

Providing good internship experiences takes effort on the part of the academic advisor, student, and employer. But, working together, internships are the foundation for successful careers. No class, book or assignment can substitute for on-the-job reality training.

The very best part of what we do is to see students succeed in their careers.

Feel free to borrow, steal, or adapt any or all of the attached materials! If you’ve found other things that work well, please let us know!

Who went where: S3 Graduate & Internship Placement 2015

Who went where: S3 Graduate & Internship Placement 2015
by Kirk Wakefield – June 2015

Careers in Sports

The Baylor Sports Sponsorship & Sales (S3) program graduated 30 students in the 2015 class. Two, Erin O’Neill and Travis Roeder, opted to pursue law degrees at Tulane and Alabama, respectively. We congratulate them and the others in the 2015 class with this slide show highlighting their placements. We offer a special thanks to Murray Cohn, Vice President of Team Ticket Sales (NBA),  for his dedication and help, as well as to the many other great people and organizations who give back their time to help these newcomers into the sports industry.

https://youtu.be/NqmETZyOrBg

Internships

In addition to the 30 graduating seniors, the S3 program also placed 28 juniors for training in one of the three S3 tracks offered to students: Sales, CRM & Analytics, or Brand Activation & Service.

https://youtu.be/LGDEvE01TyE

If you are interested in learning more about Baylor University, the S3 program, and the S3 Advisory Board, please visit our webpages at www.baylor.edu/business/marketing/sports.


 

Special shout out to Daniel Phillips and Ashley Malik for helping compile the slides for the videos.

The 2014 S3 Board Meeting in Pictures

The 2014 S3 Board Meeting in Pictures
by Kirk Wakefield – December 2014

The meeting for the Sports Sponsorship & Sales (S3) Board was held November 11th & 12th in Waco at the new McLane Stadium on the campus of Baylor University.

The only of its kind focused on selling sports, the S3 major is a selective program in the Hankamer School of Business at Baylor University, a highly ranked Christian university. The S3 program continues to grow from its original admissions of 19 highly qualified students in 2004 to soon selecting up to 38 in each year’s incoming class. Students in the major are prepared for careers in (1) professional selling for sports (tickets, corporate partnerships & service) and (2) customer relationship management (CRM) & analytics. Read more here on the Baylor website.

Phillips 66 S3 Banquet

Dr. Darryl Lehnus, Director of the S3 program, hosted the Phillips 66 S3 Banquet attended by over 140 executives, managers, S3 alumni and current S3 students.

Dinn Mann (BU ’87), Executive Vice President and a founder of Major League Baseball Advanced Media (MLBAM), provided the keynote speech, “The Changing Landscape of Digital Media & Ticket Sales.”   Mr. Mann serves on the S3 Executive Council, along with other S3 Executive Council members recognized at the banquet, including:

  • Eric Fernandez (BU ’94), Co-founder & Managing Partner, Sports Desk Media, S3 Executive Council Chair
  • Greg Grissom (BU ’95), Vice President of Corporate Development, Houston Texans, S3 Executive Council Vice-Chair
  • Tami T. Walker (BU ’86), US Brand Management, Phillips 66
  • Jose Lozano (BU ’93), Chief Executive Officer, The Company
  • Derek Blake (BU ’86 )Vice President, Partnership Marketing & Military Programs, LaQuinta Inns & Suites
  • Drew Mitchell (BU S3 ’06), Chief Revenue Officer, Texas Legends
  • Chase Jolesch (BU S3 ’10), Manager of Ticket Sales Center, Baylor University
  • Heidi Weingartner, Chief Human Resources Officer, Dallas Cowboys

Chevrolet Outstanding Board Members

Over 60 executives and managers from over 25 teams, companies, and the NBA and MLBAM offices attended the 2014 board meeting, which included an afternoon of interviews for S3 juniors for summer internships and S3 seniors for career positions.

Special thanks to Murray Cohn, Vice President of Ticket Sales (NBA),  for leading a panel of  Sales All-Stars including Jake Reynolds and Brian Norman, Philadelphia 76ers, Kris Katseanes, FC Dallas, Joe Schiavi, Detroit Pistons, and Lacey Congdon (BU S3 ’14), Texas Rangers. As always, we are grateful to Bill Guertin for mentoring S3 students and kicking of the week along with Jason Howard (Houston Astros) and Tom Parsons (Time Warner Cable Media) as part of the “Faith in the Workplace” panel discussion.

The meetings concluded with the Chevrolet Outstanding S3 Awards given this year to:

  • Outstanding Team Board Member: Greg Grissom, Vice President of Corporate Development, Houston Texans
  • Outstanding Corporate Board Member: Lynda Carrier Metz, Chief Marketing Officer, Restaurant Management Company (Pizza Hut)
  • Outstanding S3 Alum: Bryan Apgar (BU S3 ’07) Vice President of Sales & Business Development, Website Alive
  • Outstanding S3 Report Writer: Anne Rivers, Senior Vice President, Global Director of Brand Strategy at BAV Consulting

The 2014 S3 Board Meeting in Pictures