Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Based on my knowledge, I suggest relaunching the World Cyber Games (WCG), a global esports tournament that failed to continue due to various reasons, including

Based on my knowledge, I suggest relaunching the World Cyber Games (WCG), a global esports tournament that failed to continue due to various reasons, including financial troubles and lack of sponsorships. To relaunch WCG successfully, the following plan should be implemented: Restructuring the WCG organization: The new WCG organization should be restructured, with a strong leadership team that has experience in managing esports events. The organization should have a clear vision and mission statement that aligns with the current esports industry. Creating a sustainable business model: The new WCG should have a sustainable business model that generates revenue from multiple sources, including sponsorships, broadcasting rights, and merchandise sales. The WCG organization should also consider the cost structure of the event, ensuring that it is cost-effective and profitable. Partnering with key stakeholders: The WCG organization should partner with key stakeholders, including game developers, esports teams, and broadcasters, to ensure the success of the event. Game developers should be encouraged to design their games specifically for the WCG event, while esports teams should be incentivized to participate through prize money and exposure. Improving the fan experience: The WCG organization should focus on improving the fan experience, both in-person and online. The event should be designed to be inclusive and accessible, with a variety of activities for fans to participate in, such as meet-and-greets with players and merchandise booths. Additionally, the event should be broadcasted on multiple platforms to reach a wider audience. Emphasizing player health and well-being: The WCG organization should prioritize the health and well-being of players, with measures such as providing adequate rest periods and ensuring that the tournament schedule is not too demanding. The organization should also have medical staff on standby to attend to any player injuries or health issues. In conclusion, to relaunch the World Cyber Games successfully, the new organization should focus on restructuring, creating a sustainable business model, partnering with key stakeholders, improving the fan experience, and emphasizing player health and well-being. By implementing these strategies, the WCG can make a strong comeback in the esports industry. Please format this information into a PowerPoint presentation Like

slide 1:

slide 2:

slide 3:

slide 4:

and so on..

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Product Marketing Management

Authors: Suat Ozsoy

1st Edition

9798481471693

More Books

Students also viewed these General Management questions

Question

Determine miller indices of plane X z 2/3 90% a/3

Answered: 1 week ago