ESPN is one of the leading sports networks based in Bristol, Connecticut. ESPN is currently available in over 86 million homes across the United States. However, it is broadcast in over two hundred countries internationally and has localized versions of its network and programming in the majority of those regions.
ESPN is all about sports from its inception and that has, over the years, been reflected by its mission statement. It is for this reason that a closer inspection of the company’s mission statement is required to understand its path to success.
ESPN Mission Statement Analysis
ESPN’s mission statement is: “To serve sports fans in the community. Anytime. Anywhere.”
Right off the bat, it is evident from ESPN’s mission statement that it is centered around sports fans. One of the reasons why ESPN is one of the leading sports networks in the world is because it is a network by sports fans for sports fans, reflected by the words “Anytime. Anywhere.” In the mission statement.
“To serve sports fans in the community” is a term that alludes that ESPN customizes its approach to the market in which it broadcasts. For instance, it will focus its efforts on broadcasting Cricketing news, live matches and commentary in the UK, and Australia, while at the same time broadcast NBA reruns in the US.
ESPN Vision Statement Analysis
ESPN’s vision statement is: “Transform and give fans the ultimate TV sports experience.”
ESPN has over the years, revolutionized the way sports are broadcasted across the world. Not only that but it has brought sports fans closer to their favorite games and players. So, in a way, ESPN’s vision of delivering “the ultimate TV sports experience” rings true.
The ultimate experience also alludes to ESPN giving fans something impossible to find anywhere else. Even though that might be more difficult in today’s technologically driven world, but ESPN has been able to achieve this goal by forging partnerships with teams, managers, and industry experts.
ESPN Core Values Analysis
ESPN’s core values are: “Care and respect, diversity, teamwork, creativity, quality, integrity, the aggressive pursuit of new ideas, audience growth, and building shareholder value.”
ESPN’s core values are as strong as its brand and it should be. The core values govern the environment for employees, partners, and suppliers that work with the company. That’s why ESPN’s “aggressive pursuit of new ideas” is a very important value. It suggests that ESPN is continuously on the lookout for ideas that make it bigger and better because doing that keeps them ahead of the competition.
“Care and respect” are two values that allow a business-like ESPN to foster an environment of “diversity, teamwork.” Diversity drives teamwork, and that, in turn, will enable people to showcase their creativity. Essentially ESPN allows its employees to pursue new ideas, which is a critical contributing factor to its success making it a significant core value.