Golf Information

Golf Industry Insights


The time and effort for due diligence prior to the launch of Prescription Putting has provided a number of insights to the golf industry. The following are some of the things that we learned and ones that help shape what we do here at Prescription Putting.

Over the last year, we have made an effort to learn the ins and outs and the pitfalls of this industry. The first caution was in the form of a joke. "Do you know how to make a small fortune in the golf industry?" The answer: "Start with a big one!"

Here are some of the facts.

There are more golf courses than ten years ago.

There are no more golfers than ten years ago.

There are fewer rounds of golf played than ten years ago.

The same number of golf clubs are sold each year.

Therefore the battle is for market share.

The profitability increase is related only to increase price of the club, i.e. cost of the drivers and putters up to $1000.00.

The industry is marketing (not market) driven.

New technology that makes a difference is not as frequent as advertised.

New technology does not always have foundation in fact.

New technology has little or no effect in reducing the average golf score over the years.

New technology may not have the benefit that is advertised.

The larger driver head has no larger sweet spot, just larger hitting area.

There can only be one optimal area by definition.

Independent testing is rarely permitted or publicized by companies.

Testing results always have the company's bias.

New technology is rapidly copied by other companies, majors and minors.

Metal woods.

Ping Anser? putters.

Ping? perimeter weighted irons.

Shafts changed from wood to metal to composites.

The secondary industry for knock off clubs is rampant, in spite of legal challenges.

The battle for market share is fierce.

The industry focuses on market share battles; not necessarily technology.

The industry is marketing driven with little scientific foundation.

Tour professional's endorsement sells the club.

A tour player winning one of the majors with use of club, sells the club.

Most of the designs are similar.

See 14 a, b, c above.

Most of the manufacturing is done by suppliers.

Most of the manufacturing is done off shore.

The retail industry depends upon the major companies to drive the market to them for taking the order.

The golf course professional expects the same marketing driven customer.

Retailers are rarely more than order takers.

The truly educational sale is almost non existent.

AT PRESCRIPTION PUTTING, WE DO IT DIFFERENT.

First and foremost: Made in U.S.A. assures attention to detail and confidence.

Second: Independent Testing. We want the truth. Don't you?

Third: Provide new performance driven, confirmed club designs.

Fourth: Enhance golfer's psychomotor skills.

Fifth: Bring enjoyment and success to our customer.

Prescription Putting was founded by Lanny L. Johnson, M.D. Dr. Johnson is an internationally recognized orthopedic surgeon, one of the pioneers in arthroscopic surgery. He is an inventor, holding over 40 U.S. and foreign patents related to surgery. The most notable was the co-invention of the motorized instrumentation used daily world wide, even now, more than 30 years later. The longevity of this invention is unprecedented in surgery.

  


MORE RESOURCES:


Young golfer disqualifies self, gives up medal
msnbc.com
Zach Nash was shocked when he discovered he had one too many golf clubs in his bag a couple hours after winning a junior Wisconsin PGA tournament. ...

and more »


CBS News

Another reason to hate golf: it causes brush fires
Ology (blog)
I've spent the better part of the last few years making fun of the sport of golf (mainly because I have no patience and can't play it to ...
Golf swing 'causes 12-acre brush fire'Digital Spy
Golf swing 'causes 12-acre brush fire'One News Page
Poor golf swing sparks a massive 12-acre fireNewsLite
New York Post -allvoices -Popular Fidelity (blog)
all 432 news articles »


Golf Course Review - TPC Jasna Polana
Seattle Post Intelligencer
Awards Won: Audubon Cooperative Sanctuary Systems by Audubon International, Top 100 Golf Shops in America - by Golf World Business magazine, ...

and more »


msnbc.com

Elway likes Tebow's situation, says Broncos will use QB wisely
NFL News
Part-time duty is just the ticket for Tebow this season, Elway said after competing in the HealthOne Colorado Senior Open golf tournament at Green Valley ...
Hall of Fame NFL quarterback John Elway kicks off golf careerTampabay.com
No. 7 not so lucky for John Elway on this dayThe Associated Press
Golf Update: NFL quarterback John Elway now plays HealthOne Colorado Senior ...bettor.com (blog)
About - News & Issues (blog)
all 168 news articles »


New York Times

A Miniature-Golf Odyssey (Obstacles Included)
New York Times
For mine, it's miniature golf. Nighttime miniature golf at the Brooklyn Golf Center, along a stretch of the Gateway National Recreation Area. ...



Cleveland Leader

ECU Golf To Help With Patriot Golf Day 2010
ECUPirates.com
GREENVILLE, NC - The East Carolina women's golf team will be teaming up with the Bradford Creek Public Golf Course this weekend to help raise money for ...
Area Golf: ScheduleSouth Bend Tribune
Bill Hilbig: Treasure Coast clubs to participate in Patriot Golf DayTCPalm
Local golf courses step up for war vetsBradenton Herald
Hilton Head Island Packet -Ridgefield Press -WorldGolf.com
all 22 news articles »


Valley Community Newspapers (blog)

Posted | Comment | Recommend
USA Today
The field will rotate between the Del Monte Golf Course and Pebble Beach starting on Friday. The final round will be played Sunday at Pebble Beach, ...
Two local juniors in Pebble Beach eventDallas Morning News
JIM PETERS: Bertalan brushing elbows with golf greatsnwitimes.com
Golf Odds: Champions Tour First Tee Open at Pebble BeachBodog Beat
Honolulu Star-Advertiser -Naples Daily News -Maryville Daily Times
all 38 news articles »


Purdue Boilermakers

Women's golf ranked #13 in Division III Preseason Coaches' Poll
Centre Athletics
In the Golf World/NGCA Division III Preseason Coaches' Poll, released on Wednesday, September 1, the Centre women's golf team was ranked 13th overall as ...
Golden Flashes Ranked Top 30 In Golf World/Nike Preseason Coaches' PollKent State University Athletics
Georgia Golf Hall of Fame reveals 2011 inducteesGolf Course Industry Magazine
Persons, Stuart picked for Georgia Golf HallMacon Telegraph
GoDuke.com -Auburn Tigers -University of Southern California Official Athletic Site
all 16 news articles »


(WSGF) World Series of Golf, Inc. Announces Letter of Intent to Acquire Gaming ...
MarketWatch (press release)
Last week, World Series of Golf released a Webcast presentation hosted by new CEO Patrick Brown highlighting the Company's recently filed second quarter ...

and more »

Google News

Article List | Index | Site Map
All logos, trademarks and articles on this site are property and copyright of their respective owner(s).
The comments are property of their posters, all the rest is Copyright © 2006 CanadaSEEK.com - All Rights Reserved.