Business Hates the Unknown… or why ESPN’s Managers are Pansies.
Sunday, January 4th, 2009Managers hate the unknown. They can’t punch numbers in the calculator with much assurance, or build a nice spreadsheet model to predict future earnings. To feel safe they need real data, and the more the better. Very few have the confidence to kill off a known product selling well, to introduce a product that they believe will sell better. They simply will not leave the safety of the shark cage for the swim of a lifetime.
There are the rare explorers that are not afraid. It is a key personality trait of true entrepreneurs. For example Steve Jobs of Apple has killed many successful products, when he believes something better is loaded in the pipeline.
Sadly ESPN’s managers lack this moxie, as shown by their recent BCS contract signing for college football. Sure it brings them TV rights for the 2011 to 2013 title game. They absolutely paid a record sum, blowing away past rights fees. But it was comfortable. They stayed in the cage. They had the numbers for both game viewership and obviously know what their satellite and cable revenues are. It was easy to pen.
Sadly it was the perfect opportunity to blow college football viewership wide open. Imagine if they had asked for a playoff system. Perhaps take the conference champions to start with. Then add in wildcards from schools outside of the BCS, or the team that lost their league because their quarterback was injured one week. Take 16 teams and play within the current bowl names. Play 8 games over Thanksgiving weekend, and 4 the next. Give the kids a break to take finals. Then play 2 games around Christmas day, and the championship game on New Years Day.
The holidays would take on a totally new meaning. Retailers would complain, as shoppers stay home to watch the games. People that do not know what a first down is, would watch to see how their office bracket is doing. Casual fans would research teams they normally do not follow while filling in their bracket. The college game would ultimately benefit greatly. ESPN would need more dump trucks to haul their record earnings to the bank. Too bad… ESPN’s managers are pansies.