It’s time for NASCAR to create a better incentive for its special events.
NASCAR announced Monday that it would have an in-season tournament for its drivers during the 2025 Cup Series season.
Click here to read the story at sports.yahoo.com.
Discussion Questions:
- What is an in-season tournament?
- Why would NASCAR introduce an in-season tournament for its drivers?
- How might that help to improve the product?
- What is fan engagement?
- How might this help to elevate levels of engagement among NASCAR fans?
- What are industry trends?
- The NBA had great success with an in-season tournament this year. Do you think this will become a trend with all leagues in the future? Why or why not?
- The author of this story argues that NASCAR needs to provide a better incentive for its special events. Why?
- Do you agree with the author’s position? Why or why not?
- From a marketing perspective, besides increasing the prize money, what other improvements could NASCAR make to its special events to enhance its appeal?
- How might introducing new and exciting formats like the in-season tournament impact fan loyalty to the sport? Why is that important to NASCAR?
- What is sponsorship?
- How can NASCAR leverage sponsorship opportunities to fund larger prizes and enhance the overall experience of its special events? How might sponsors benefit from that approach?