Question
please correct my answer. What could have been done to overcome the potential problems? (1) Comprehensive market research: Conduct extensive market research to assess the
please correct my answer.
What could have been done to overcome the potential problems?
(1) Comprehensive market research: Conduct extensive market research to assess the demand for football content, understand consumer preferences, and identify potential challenges and risks.
(2) Expertise and partnerships: Seek partnerships with experienced broadcasting companies or hire industry experts to compensate for the lack of expertise within Endermol.
(3) Clear communication and negotiation: Engage in open and transparent communication with the clubs regarding TV rights, addressing concerns and finding mutually beneficial solutions through negotiation.
(4) Robust financial planning: Develop a solid financial plan that considers different revenue models, contingencies for potential revenue losses, and partnerships with sponsors and advertisers to ensure financial stability.
(5) Collaboration with cable companies: Establish clear communication channels with cable companies, conduct negotiations to align interests, and devise strategies to encourage their willingness to pay for the channel's delivery.
By addressing these potential solutions and taking a more strategic and comprehensive approach, the consortium could have mitigated the hindrances and increased the likelihood of success in the broadcasting industry.
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