Recall Affects Value for Blue Bell

One of the biggest nightmares for a company is a recall—especially when a product causes injury or death to consumers. However, a recall can happen to the best of brands. In fact, it already has for many popular brands. For instance, in 1982 Johnson & Johnson recalled 31 million units of its Extra Strength Tylenol after seven people died from tampered pills laced with cyanide. Firestone recalled more than six milliontires in 2000 due to tire failures, which were linked to 46 deaths. In 2009, the Peanut Corporation of America recalled more than 3,000 products because of salmonella, causing nine deaths and more than 700 infections. This year, Blue Bell recalled all of its products due to listeria cases that caused three deaths.

Recalls create a nightmare for companies, and inevitably cause a loss in value. They are expensive and can ruin the reputation of a company for many years after the recall. Since a company’s value relies upon a company’s reputation, product recalls can damage a company’s reputation enough to cause the business to fold. Companies that have strong brand recognition reap several benefits such as lower sales and marketing costs, greater revenues, and greater market share or faster market adoption. Consumers trust brands. However, when that trust is broken, the brand suffers and loses all the benefits associated with positive brand recognition. Because consumers often associate good products and brand recognition with trust, a recall can damage the trust consumers have for that company and its products.

While recalls can be catastrophic, companies have proven that they can overcome them. For instance, Tylenol experienced two major recalls, one in 1982 and one in 2010. Yet the brand is still being sold today. However, it takes deep pockets and hard work to regain consumer trust. In fact, Ernst & Young reports that recalls due to a threat to health and safety cost at least $30 million. Luckily for Johnson & Johnson, as a $74 billion company, it has the ability to combat expenses associated with negative publicity and recalls. Furthermore, it has other products to fall back on.

Such is not the case for Blue Bell. In March, Blue Bell recalled a number of its 3 oz. ice cream cups due to a positive test for listeria. However, this recall expanded in April when the company recalled all of its products, which is about 8 million gallons. While recalls occur, it’s rare that a company has to recall all of its products. This makes it even tougher for Blue Bell than most companies to recover. The company doesn’t have other products to fall back on that would help it bring in revenue as it tries to fix the issue. But its woes don’t stop there. In May, a government report indicated that Blue Bell’s Oklahoma plant was cited 16 times for positive listeria tests in 2013. The report lists a number of unsanitary conditions that contributed to the listeria outbreak, and implies that the company knew about the issue for quite some time, but took no action to rectify it. This report alone may be more damaging than the recalls.

Consumers may be leery about a company’s products for a while in the event of a recall. But overtime, if the company makes the right moves, consumers may instill trust again. However, Blue Bell may struggle because it went from bad to worse in a few months. The costs keep mounting with each negative public announcement regarding the recall.

For more than a century, Blue Bell maintained a strong reputation and boasted third highest sales among ice cream brands in the nation. Is its reputation enough to overcome one of the biggest recalls in history?

Social Media Posts Create Great Visibility, Increase Value

Social media has plenty of marketing power. But it is especially useful when ideas go viral. The biggest sensation to go viral this year so far was a simple post of a dress. A lady’s post on Tumbler went viral as she tried to end a debate on whether a dress was white and gold or blue and black. Known as The Great Dress Debate, this simple quest for an answer became a social media craze. Another example of a social media craze was a fundraiser that intrigued the entire nation last year—the Ice Bucket Challenge. The challenge involved pouring a bucket of ice water on someone’s head in order to raise awareness and money for ALS (Lou Gehrig’s Disease).

While short-lived, both of these examples show how quickly a simple post can reach millions of people through social media channels. In fact, by early September 2014, more than two million videos of the Ice Bucket Challenge surfaced on Facebook, with 28 million people commenting, liking, or uploading the challenge. Instagram also had3.7 million uploads of the challenge. Within just two days, the dress post received 73 million views on Tumblr. And these are just a few of the numbers.

In both instances, viewers could participate, making the posts more appealing. Viewers debated amongst one another over the color of the dress and challenged friends to the Ice Bucket Challenge. Even celebrities and companies decided to play along. Celebrities such as Justin Bieber, Tom Cruise, Justin Timberlake, Lady Gaga, Bill Gates, and so many more participated in the Ice Bucket Challenge. Companies such as Pillsbury, Old Spice, Samsung, and KFC produced commercials referring to the Ice Bucket Challenge. And for the dress debate, Julianne Moore, James Franco, Taylor Swift, and numerous other celebrities commented on the dress color. Companies used the dress debate as an opportunity to get free visibility by referring to their own brand colors. Some brands involved in the debate included: Coca-Cola, Duracell, Coors Light, Hellmann’s, AT&T, Dominoes, American Airlines, Tide, Play-Doh, Oreo, Dunkin’ Donuts, and many more. The debate was such a national sensation that discussions made their way on talk shows such as The Ellen Degeneres Show and The Tonight Show With Jimmy Fallon.

According to the 2013 Social Media Marketing Industry Report produced by Social Media Examiner, the number one reason marketers use social media is to increase exposure. This reason supersedes others such as improve sales, provide market insight, generate leads, and others. While these viral posts had nothing to do with celebrity status or company success, it gave both companies and celebrities the ability to become more visible. It also made them seem more accessible because they were participating in the same events as the rest of the population. By capitalizing on social media posts, companies and celebrities can make a real connection with consumers, and at no or little cost. The more visible celebrities or companies, the more valuable they become.

Identifying Target Audience Key in Advertising Value

The Super Bowl presents a dream advertising opportunity in terms of exposure. Each year the number of Super Bowl viewers continues to climb, with this year’s Super Bowl drawing the most with more than 114 million viewers. For many people, part of the Super Bowl attraction is the commercials—one of the few times that people enjoy commercials. This is why some companies save their best creative ideas specifically for the Super Bowl. Viewers especially like humorous and inventive commercials because the Super Bowl provides a fun environment. Football fans spend weeks planning for their parties to watch the biggest football game of the year. Therefore, when a sober commercial airs, it deflates a festive atmosphere.

This is what happened when Nationwide’s commercial centered around the death of a child aired. Dubbed as one of the worst and most depressing commercials in Super Bowl history, Nationwide’s child safety commercial did not evoke a positive response. In fact, the backlash on social media was fast, fierce, and bountiful. However, even though the Super Bowl crowd didn’t like the commercial, sometimes negative publicity can still build recognition. After all, Nationwide’s commercial sparked conversations around the nation, even if the conversations were based on frustration that the commercial ruined the party atmosphere. Because of the commercial, the Nationwide brand surfaced everywhere through conversations, social media, news broadcasts, and others.

Yet, in Nationwide’s case, the negative publicity may have hurt the company’s brand image. Two weeks after the commercial aired, the company’s brand advocacy dropped significantly by 38 percent. While negative publicity can sometimes garner attention, when the negativity evokes personal feelings, the outcome can be harsh. For instance, when a professional athlete receives negative attention for breaking the rules, the incidence may spark anger or disappointment from fans. However, an athlete’s behavior doesn’t personally affect fans. On the other hand, Nationwide’s commercial hit a personal button, especially for people with children. It brought up a circumstance that is a parent’s worst nightmare—one nobody wants to talk about, especially during a “party.” For this reason, Nationwide may have chosen the wrong moment to air its commercial.

Because of the high level of negative attention, Nationwide came out with a statement defending its decision. While the company claims it was trying to raise awareness instead of revenue, spending $6.75 million for a 45-second commercial is a big risk to take for introducing a sober issue and not sell a product. Even if the audience understands the importance of making homes safe for children, the overall tone and timing just rubbed millions of people the wrong way. Viewers often remember Super Bowl ads for their presentation, not so much for their persuasion. Therefore, although Nationwide’s commercial may have captured millions of viewers, getting them to act is harder to accomplish.

While Nationwide was trying to do a good thing, playing its commercial to the Super Bowl audience missed the mark. In fact, the company is debating on whether it will air the commercial again. Nationwide’s commercial may have had better reception at a lower cost if the timing and audience were on target. It is likely that Nationwide will not see big changes in its membership and sales based on this commercial. However, this incidence shows how important the audience is for advertising motives.

Christina Aguilera Masters Value Retention Through Versatility

It’s no secret that celebrities make more money compared to the average person. However, they often pay a big price in return for their fortunes. Their lives, flaws, and mishaps face constant public scrutiny. The life of a celebrity is intense as career pressure and demand can become overwhelming. Some celebrities succumb to the pressure via substance abuse, depression, and more. It becomes especially difficult when a celebrity’s reason for fame starts to falter. For instance, an Oscar winning actress may act in a series of movies that bomb, which begins to discredit her acting ability. Living a celebrity dream is one that is hard to make long lasting. People age. Tastes change. This is why celebrities sometime have to become versatile and find other ways to stay in the limelight to retain their value. Such is the case with many divas including Christina Aguilera.

Many of the divas today face big challenges in the music industry, thanks in part to digital access and streamlining music stations. Singers Jennifer Lopez, Mariah Carey, and Christina Aguilera have all faced lackluster sales with each consecutive album in the last decade. Back in the day, consumers had to buy entire albums; whereas today, they can download one song at low or no cost. Thus, musicians have to make up for lackluster sales in other ways. One of the biggest ways is through concert tours and performances. However, it’s been nearly a decade for Aguilera since her last tour, which was the Back to Basics 2006-2007 tour. Since then, she has produced two other albums, for which sales dropped with each successive album.

Despite Aguilera’s lack of concert tours and poor album sales, she remains worth $130 million according to Celebrity Net Worth. Her secret is her versatility. She is a judge on The Voice, which has an average viewership between 12 and 15 million. She has her own perfume line and has endorsed a variety of products including Pepsi, Coca-Cola, Skechers, Mercedes-Benz, and more. In 2010, she debuted as lead actress in her first movie Burlesque. In 2009, she became a spokesperson for World Hunger Relief. In addition, she has supported a host of charities including AIDS Project Los Angeles, Defenders of Wildlife, Red Cross, and many more. For her philanthropic efforts, she was recognized with the NCLR Special Achievement Award. She has also earned a Hollywood Walk of Fame star, six Grammys, the People’s Voice Award, and so much more. But all of these are things that she has done in the past. She has so much more to offer.

Recently, Aguilera showcased a hidden talent by playing “Wheel of Musical Impressions” on the Tonight Show Starring Jimmy Fallon. Aguilera performed musical impressions of Cher, Britney Spears, and Shakira. The performance went viral, with one YouTube version of the clip at more than 27 million views. But this isn’t the first time Aguilera has showcased her ability to impersonate. As a guest on Saturday Night Live, she also did an impression of Kim Cattrall’s Samantha character from Sex and the City. She recently accepted a role in a few episodes on the musical drama television series Nashville. She is also set to produce a television series about Las Vegas entertainers called Hearts and Clubs. In addition, she plans to record a new album. Exposure and surprises like these will keep people talking about Aguilera and her potential for a long time.

It appears that Aguilera isn’t going anywhere but forward. While her music career could use a boost, the fact that she doesn’t give up on her music and tries new things will help her remain marketable. So far, she has become a philanthropic leader, a well-known singer with one of the most powerful voices in music history, an actress, a producer, a host on a highly rated television show, a business owner, and an impersonator. Aguilera’s ability to stay in full view of the public and showcase her many talents helps her retain value.

Celebrity Value and Mishaps

Among thousands of celebrities, we all have our favorites. We follow their movies, their sports games, their interests, their music, and much more. We admire them, making them subconsciously a part of our lives. For these reasons, many advertisers use celebrities to promote products. Celebrities create interest and force people to listen because we feel as if we “know” these celebrities. However, when a celebrity creates a socially unacceptable mishap, the celebrity’s value typically declines. Such is the case with NBC Nightly News anchor Brian Williams.

Until recently, Brian Williams, an infamous journalist and NBC news anchor, was among the top news anchors. However, NBC suspended Williams for six months without pay for misrepresenting a news story. Williams’ faux pas is an expensive one for NBC. Promoting a product takes much time and money to gain a following. Therefore, removing logos associated with Williams while he is suspended results in a costly move for NBC. Further, NBC loses Williams followers and those who feel that he should have received a harsher punishment. While Williams has not been fired, his job is still in question as he hires lawyers to defend his career in light of a morality clause in his contract. Even if Williams returns after suspension, NBC has a trust issue on its hands. The public will likely be skeptical as it does not always forgive and forget easily. Therefore, NBC’s credibility is at stake on how it proceeds.

People put celebrities on pedestals, so when celebrities make a mistake, even a small one, it can become a huge ordeal. Often, a simple mishap can be a career downfall. It’s even more critical when a celebrity represents a company. For NBC, Brian Williams was the face of NBC Nightly News. Therefore, the public may have trouble trusting NBC’s news sources. After one week of suspension, NBC Nightly Newsexperienced a drop in viewership by 700,000 viewers. While the true meaning for this drop may include other issues such as fewer noteworthy news topics, it is likely that the viewership may remain lower for some time. Time will tell by how much. People get attached to celebrities, just as they do doctors or other professionals in their lives. Therefore, when they have to adjust to a new professional, it is sometimes hard. In this case, viewers may find that they don’t like the delivery style of Williams’ replacement. This will cause them to look elsewhere until they find one they like.

The public places celebrities at a much higher standard than an ordinary person. If an ordinary person were to make the same mistake Williams did, it wouldn’t be such a nationwide announcement. In the Williams’ situation, not only does the company suffer, but Williams will likely have a hard time in the future to gain the following he had up to this point. If he does not return to NBC, his career options are not near as abundant as they were before this incident. Companies will be hesitant to hire him since he is a public figure. He is too popular and well-known for people to forget this mishap. He is also fodder for comedians, social media attacks, and much more. Further, his popularity makes his mistake seep into other areas of his life, including personal aspects. Recently, his daughter announced the postponement of her wedding date due to the high publicity. Also, Williams resigned from the Congressional Medal of Honor Foundation Board of Directors. In addition, the incident will cost him lawyer fees to defend his career.

Overall, Williams’ value declines significantly in light of his public misrepresentation of a serious news story.

Five Ways Social Media Affects Celebrity Value

Social media is one of the biggest advertising methods for businesses today. In fact, according to The CMO Survey, a top marketing survey used to forecast marketing trends, social media will experience a 126% increase in marketing spend over the next five years. It is literally becoming a social expectation. Even the Motion Picture Academy promotes the use of social media to get its audience more involved with the Oscar ceremony. In fact, everything from sports organizations to businesses to charities use social media to reach a bigger audience. This is why it is also becoming more popular among celebrities.

While social media is the biggest marketing trend and one of the largest ways to attract an audience, it also has its downfalls. What can often be a benefit may also be a major pitfall. The following lists five ways that social media improves and decreases value for celebrities.

1. Exposure. The more celebrities stay in the public eye, the more fans remember them. In turn, they gain more fans and job opportunities. For these reasons, publicity remains a big deal for celebrities. Since social media is such a popular aspect in the lives of everyday people, it’s a natural choice for marketers to tap into. However, celebrities sometimes run the risk of overexposure. If a celebrity uses social media to the extreme and frequently reports mundane events, followers tend to become bored or will seek someone more interesting to follow.

2. Accessibility. Social media makes celebrities seem more accessible. Typically, celebrities seem unreachable to the average person. However, social media allows celebrities to interact with fans and reveal their personal thoughts on issues or their own lives. This makes fans feel as if celebrities are just like us. Rather than being paid to promote a product, social media leaves the impression that the celebrity is making his or her own decisions.

However, accessibility also makes celebrities more vulnerable. Unflattering pictures, angry responses, and incorrect information can go viral in an instant. These seemingly minor instances can wreak havoc on a celebrity’s career or life. For instance, Courtney Love has been sued twice for Twitter posts. For one, she had to pay a $430,000 settlement fee. Justine Sacco, former PR director for InterActive Corp., tweeted about visiting Africa and hoping to not catch AIDs. Her facetious tweet helped dub her as the most hated woman on Twitter. A year later, she claims that tweet ruined her life.

3. Credibility. Celebrities can use social media to prove their credibility. They can show that they are genuine and understand their followers. They can answer questions, verify information, or provide sneak peeks to their latest project. However, social media can also discredit a celebrity’s credibility. For instance, celebrities who have voiced their opinions, created fights, or made fleeting comments meant to be humorous have had to apologize for tweets or justify their responses. When they have to rephrase or recant a statement, they lose credibility. It leaves followers to question the celebrity’s motive or what the celebrity truly is about.

4. Promotion. In the United States, hundreds of thousands of adults use the Internet. Among them, approximately 74% use social media. This makes social media a perfect opportunity for celebrities to promote their latest movie, song, and more. It’s also a good place to promote charities they support. Michael J. Fox has had great success using social media to raise awareness for Parkinson’s disease through the Michael J. Fox Foundation.

While social media provides a great place to promote a brand, celebrities must be willing to share personal insights. Therefore, they should find a balance between personal and professional information. While fans and followers typically enjoy a celebrity’s work, they also want the personal touch.

5. Discovery. Social media has provided a channel to introduce new talent that may have never been discovered otherwise. For instance, Justin Bieber was discovered on YouTube and is one of the biggest celebrities of our time. Social media provides a very public forum to showcase talent. However, if the public does not approve of the talent, it could become a humiliating experience.

As you can see, social media can increase a celebrity’s value in a number of ways. However, these same factors that can increase value can also decrease value. Therefore, celebrities must take social media seriously, carefully, and tactfully in order to get the full benefits from it. Otherwise, one small misstep could become viral in an instant.

Hottest Patent Classes in 2014

The patent industry includes hundreds of patent classes and thousands of subclasses. The most prominent classes typically receive the most patent grants each year. These classes indicate where the market focus is and which companies are thriving in those areas. These classes often show big, aggressive companies as patent holders.

According to ipAnalytx, in 2014, Class 370 – Multiplex Communications is listed as the most active class with 11,664 patent applications, 24,145 patent transactions, and 12,004 patent grants. This class received the most patent grants in 2014 out of all classes, with more than 2,400 patents grants than the previous year. It also had an increase of more than 1,200 patent applications from the previous year. Class 257 – Active Solid-State Devices (E.g., Transistors, Solid-State Diodes) received the most patent applications with 14,109, which is nearly 1,900 more than the previous year.

Among these top classes are subclasses that specify in more detail the types of granted patents and patent applications. The following five subclasses represent the top 2014 applications of Class 257:

1. 040000 – Organic Semiconductor Material with 1,835 patent applications, which nearly doubled from the previous year.
2. 098000 – With Reflector, Opaque Mask, Or Optical Element with 556 applications.
3. 043000 – Semiconductor Is An Oxide Of a Metal Or Copper Sulfide with 535 applications.
4. 774000 – Via (Interconnection Hole) Shape with 432 applications.
5. 076000 – Specified Wide Band Gap (1.5ev) Semiconductor Material Other Than Gaasp Or Gaalas with 398 applications

The following five subclasses represent the top 2014 grants of Class 370:

1. 329000 – Channel Assignment with 1,343 issued patents.
2. 252000 – Determination of Communication Parameters with 940 issued patents.
3. 328000 – Having a Plurality of Contiguous Regions Served by Respective Fixed Stations with 828 issued patents.
4. 331000 – Hand-Off Control with 502 issued patents.
5. 338000 – Contiguous Regions Interconnected by a Local Area Network with 472 issued patents.

These subclasses include a large variety of invention titles that involve ways to effectively enhance communication methods and daily lifestyles. These inventions can include mobile communication devices and services, semiconductors, lighting, video displays, VoIP networks, WiFi, and much more.

Five Companies That Abandoned the Most Patents in 2014

While the word “abandon” implies neglect, companies abandon patents for a couple of reasons. Sometimes, companies inadvertently abandon a patent because they miss a maintenance fee due date. Other times, companies purposely abandon patents because the patent no longer holds value. Advancements in a particular field, such as technology, can quickly render some patents obsolete.

The following companies abandoned the most patents in 2014:

1. International Business Machine (IBM) abandoned 1,359 patents.
2. Hewlett-Packard abandoned 750 patents.
3. Micron Technology abandoned 718 patents.
4. Canon Kabushiki Kaisha abandoned 625 patents.
5. Toshiba (listed as Kabushiki Kaisha Toshiba) abandoned 589 patents.

The top patent classes abandoned for these five companies were as follows:

1. 438 – Semiconductor Device Manufacturing: Process
2. 257 – Active Solid-State Devices (e.g., transistors, solid-state diodes)
3. 347 – Incremental Printing of Symbolic Information
4. 707 – Data Processing: Database and File Management or Data Structures
5. 709 – Electrical Computers and Digital Processing Systems: Multipcomputer Data Transferring

The companies that abandoned the most patents have large patent portfolios and play a huge role in the technology realm. So what do all of these abandoned patents mean? The companies listed are large ones. they have thousands of patents to deal with, which means they could have inadvertently missed maintenance fee deadlines. In such a case, there may be a window of opportunity for another company. However, since these are technology firms, it is likely that many of the patents have become obsolete. The technology industry is extremely aggressive, coming out with new advancements quickly. Therefore, what hits the market can become obsolete just as quickly because these big tech companies continually make improvements. This is why it is often necessary to upgrade laptops, cell phones, and other electronics so frequently.2828

College Football Playoff Trademark Downfall

Trademarks are a useful and valuable tool for business owners and organizations. They help companies and their products stand out by providing brand recognition. Without trademarks, consumers wouldn’t know the difference between a pair of Nike gym shoes and Adidas gym shoes. Colleges are no different. With trademarks, colleges can sell products, entice students to enroll, lure sports fans, and much more. Trademarks allow colleges to keep others from profiting on their name or likeness, which would take away funds needed to support them.

College sports draw large crowds who associate with the trademarks of their favorite college team. Within college sports, football draws some of the largest numbers of spectators. And this past year was particularly noteworthy with college football’s first national playoff. In fact, the games made history for ESPN as it boasted the two largest audiences of its time with more than 28 million viewers for both the Sugar Bowl and the Rose Bowl—the two bowls that would determine which teams would play in the national championship. It turns out that the bowl games were just a precursor to the largest audience in ESPN’s history with the national championship attracting 33 million viewers.

If the first year is any sign of future playoffs, then the College Football Playoff should experience successful outcomes apart from this year. Could it become as popular as Super Bowl? There may be potential. However, one thing the Super Bowl has going for it over the College Football Playoff is its name. Super Bowl is unique and specific to the NFL championship game. The name is simple and flows effortlessly when pronounced, making it easy to remember. On the other hand College Football Playoff doesn’t stand out and has a generic ring to it. In fact, the USPTO has rejected it for being too descriptive and generic.

Trademarks fall into five categories of distinctiveness: generic, descriptive, arbitrary, suggestive, and fanciful. These categories lend directly to trademark strength in a legal context. Generic and descriptive trademarks generally represent the weakest strength, with generic having no value (e.g., aspirin). Descriptive marks can be valuable when they take on a second meaning (McDonald’s), which means that there is some public meaning beyond the obvious meaning of the terms comprising the trademark. Suggestive marks suggest a quality or characteristic of the good or service that it represents (e.g., Florida’s Natural branded orange juice). Arbitrary and fanciful trademarks represent the strongest trademarks. Arbitrary marks tend to describe goods or services that otherwise have no relation (e.g., Amazon, Apple). Fanciful marks tend to describe goods or services that likely have no other precedent in the market (e.g., Lipitor).

Generally, fanciful marks represent the strongest trademarks. These work the best because there is no other precedent in the market. Often, the best trademarks are unique, catchy, memorable, and recognizable. Therefore, in order for the College Football Playoff organization to fully capitalize on its trademark, it should create a unique name that spectators worldwide can identify with. Something that is easy to remember, yet sticks out. While the organization indicates it wanted something simple and descriptive, the trademark does little for marketing efforts. How does College Football Playoff create revenue? It’s a long mark that many people would use in general terms. It’s not catchy. If it is too complicated or generic, it does no favors for the organization. Imagine if the Super Bowl were titled Pro Football Playoff. It wouldn’t carry significant meaning. As it stands, advertisers cannot use the term Super Bowl. They must use other forms of identifying the championship game because the NFL has full ownership of the use of the word Super Bowl. This is what a good trademark affords an owner. While the College Football Playoff organization argues that its mark is distinctive among the demographic being served, so far the USPTO has yet to agree. In the meantime, the organization cannot prevent others from using the term. Therefore, it loses revenue-generating opportunities. While the name probably won’t stop sports fans from watching or attending games, the organization would probably build more brand recognition if its name were more fanciful.

Ohio State Win Increases Value

In the sports world, fans like nothing more than a big win in their team’s favor. For the sports organizations, a big win means more value. For college teams, a big win means big news for the college as well as the team. Luckily for Ohio State, its football team made the biggest win of all time. On January 12, 2015, Ohio State literally made history. Not only is the team the first to win the College Football Playoff National Championship, but the circumstances behind the win makes the team more remarkable.

Labeled as the underdogs, predictions indicated that the Buckeyes would lose by six points. After all, they were working under their third-string quarterback, Cardale Jones. Having only played two games the entire season to this point, the odds were against him. However Jones proved strong under pressure, winning the game with his teammates at the tune of 42-20 over the Oregon Ducks.
Not only do the Buckeyes enjoy bragging rights as the first-ever College Football Playoff National Champions, but their win means big value in many ways. Since the hype and the actual win of the national championship, several of the country’s top-ranked recruits committed to the Buckeyes. The Empire State Building lit up with Ohio State colors after the win. The win landed Ohio State football coach Urban Meyer on the Late Show with David Letterman. Predictions indicate that Ohio State is already at 5-1 betting odds for winning the 2015 championship game. The team was honored during a Cleveland Cavaliers game on January 19. And the accolades, recognition, and excitement just keep coming.

What does all this mean? It means that the constant positive exposure makes Ohio State’s value climb. It’s no secret that successful sports programs and positive publicity provide great marketing opportunities to their overall organizations. Just days after the win, fans scrambled to purchase the newest products plastered with national championship recognition. As already mentioned, the hype helped to solidify the commitments of future team prospects. Fans will continue to pay big bucks for game tickets. Full of pride, alumni may increase donations. Even before the big win, the football team ranked as the most valuable college football team at $1.1 billion. Since no other college had ever reached the $1 billion mark, this valuation is another first in history attached to Ohio State. It will be interesting to see how this number changes with the recent win.

It is likely that Ohio State will continue to be the rage in college football throughout the year. With a young team, three starting quarterbacks, and top-ranked recruits on the horizon, Ohio State currently seems unstoppable. Fans and competitors alike will eagerly watch to see how the team fares. In the meantime, the team is rightfully basking in the limelight as undisputed national champions and the most valuable team in college football.