SPECIAL TO NEWJERSEYNEWSROOM.COM
Every year for the past nine years in the middle of November the Ivy Sports Symposium brings together leaders in the sports industry as well as hundreds of students and rising professionals for a jam-packed day of thought leadership, advice and networking. Back in the Garden State this year after stops on the campuses of Harvard, Columbia and Penn the last three years, the Symposium is one of the few student-run large scale gatherings for sports business, and its speakers list is reflective of the prestigious schools the Ivy League represents worldwide. This year’s event (Nov. 14 from 8 a.m. to 7 p.m.) is the first one off campus, moving to the Hyatt in Princeton after spending its first five years in and around the University. The move is more reflective of the growth of the event, as the anticipated 600 plus attendees and speakers are now of a size that only Palmer Stadium or Jadwyn Gym could hold. Growing pains may take away some of the intimacy of the event, but the impact will hopefully again be felt by all involved who make the trek from over 40 schools up and down the east coast.
It is no secret that sports business has grown to be a multi-billion dollar enterprise the world over, and with that the competition for jobs and experience has also grown exponentially. Right now in the U.S. alone, there are over 300 “sports management” programs at colleges and universities that are churning out degrees by the thousands. That doesn’t include the scores of students in other majors looking to delve into some form of the business once they get whatever degree they happen to receive, from business to anthropology in some cases.
How many of these programs provide practical experience and a skills set that will help a workforce find gainful employment is up for some debate. However the real value lies more outside of the classroom in elite events like the Ivy Symposium and a handful of others, the ability to share experience and meet successful individuals in a field where who you know is as important of not more important, than what you know sometimes.
Sports business for all its glitz and glamour remains very much a people business, and programmes like the one at Princeton and others at places like the University of Michigan, Northwestern University and MIT, provide young people with invaluable lessons you can’t always get in a book; a chance to hear and experience firsthand what the successes and failures have been for people who now fill the ownership chairs and the C Suite. While the college experience is important, the networking experience, which can lead to volunteerism, internships and even entry level jobs, not to mention lifelong relationships, is invaluable.
Friday’s event, like the previous eight events, will feature speakers from a wide range of backgrounds, from owners like the Minnesota Vikings Mark Wilf to team CEO’s like the Sixers and Devils Scott O’Neil and the Cleveland Indians President Mark Shapiro. The topics will range from entrepreneurship to philanthropy, marketing to sports law, minor league baseball to the NFL, all with a who’s who of successful businesspeople from around the world, not just around the country, leading the discussions. This year there will event be a Shark Tank, with three emerging businesses vying for exposure, along with a recognition of ten rising stars in the business, all under the age of 30.
Like many wide ranging one day events, some will say the Ivy Symposium tries to do too much in one day, but for those with interest and focus in sports business, it has always been a day well spent.
Like other years as the days close in the Symposium becomes a tough ticket, and this year is no exception. For those who aren’t on board yet, a waiting list does exist. But for those going on Friday, it should be a great day of networking, learning, and engagement, right in the middle of the corridor between New York and Philly, one of the most fertile areas for sports business anywhere.
For all the latest details on the Ivy Sports Symposium, check out http://www.sportssymposium.org/ivy/2014-symposium/agenda/
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Joe Favorito has almost 30 years of strategic communications/marketing, business development and public relations expertise in sports, entertainment, brand building, media training, television, athletic administration and business. He has been head of communications for the New York Knicks, Philadelphia 76ers, the USTA and other entities and now runs a successful strategic communications and marketing consultancy based in New Jersey and Manhattan. He is also an author and instructor at Columbia University. You can find out more at joefavorito.com or follow him on Facebook and Twitter (@JoeFav).