Social Media Mockery; clever marketing or self-harm?

Currently, with technology becoming more and more a part of our everyday lives, the presence of social media is growing. Businesses now use social media as a tool to heavily market themselves to the millennials. However, some are taking a bold marketing approach and are actively taunting on social media. Their victims? Citizens that poke fun at them, or even companies just minding their own business. Now the only question I have about this idea is if it helps market a company better or if it makes them seem childish and unprofessional.

Wendy’s is notorious for adapting this bold approach of mocking others on social media. This American based fast food chain has been known to openly slam its rivals.

Wendy’s slamming McDonalds https://www.reddit.com/r/BlackPeopleTwitter/comments/62rdaj/the_wendys_twitter_account_roasted_mcdonalds/

They do not hold back anything in these social media jabs. The remarkable thing is they maintain consistency by jabbing with personality and comedy. This bold approach separates Wendy’s from other fast food chains. They have gained tons of followers from their comedic, unique social media behaviour. Wendy’s is an example of a company executing this bold marketing strategy to perfection.

However, this strategy does not work for everyone. Not many companies have been successful in adapting the social media marketing strategy to taunt others online. There is a reason why we only hear about Wendy’s flavourful tweets as opposed to other companies. Most social media teams of franchises and companies fail to execute this marketing strategy. Instead of marketing themselves better, they draw the backlash from the public and come across as insensitive and unprofessional. MTV Australia tried to imitate what Wendy’s does on a regular basis and openly ridicule a target.

MTV Australia poking fun at Golden Globes https://www.entrepreneur.com/slideshow/272286#5

Immediately they garnered negative feedback with many criticizing their offensive tweet.

 

I believe that this strategy is good for social media marketing provided for a specific demographic. The reason why I believe that Wendy’s social media campaigns are successful is that they target a specific demographic and market to them. In this case, this social media mockery is marketed mainly towards millennials and generation Z. Being apart of the latter myself, I can support that these two generations are more amused by these open insults rather than hurt. As terrible as it sounds, we laugh at someone getting mocked provided it is not too harsh, which is why Wendy’s has adopted this bold marketing approach since it works with their demographic. MTV Australia simply had the wrong demographic which is why it failed. Granted I support Wendy’s marketing campaign; however, I believe that sooner or later using social media mockery as a marketing tool will soon die since slowly people will grow tired of this unique strategy and find it boring.

Word Count: 433 Words

Sources

https://www.thrillist.com/news/nation/wendys-mcdonalds-szechuan-sauce-twitter

https://www.entrepreneur.com/slideshow/272286#5

https://twitter.com/Wendys

https://www.moneyunder30.com/hotels-vs-airbnb

Hotels vs Airbnb; how the hotels are winning back their customers

 

On August 2008, the worst enemy of the hotel industry was born, and its name is Airbnb. This is a company that provides short-term residence at vacation homes, suites, cabins. Ever since this company was created it has been rivaling the hotels, giving the hotel companies a real competitor. In the past, travelers just had to consider which hotel to stay in. Today they now consider whether they would like to stay at an Airbnb vacation home or at a traditional hotel room.

            Consumers chose Airbnb mostly because many of the vacation homes are cheaper than most hotel rooms. Also, some people prefer Airbnb to feel the comfort of staying in a house during a vacation or to feel more like a local of the city or town they are residing in.

Noticing that Airbnb is growing a threat to their business, many hotels have launched a counterattack to one-up their new competitor. They are enticing their most loyal customers with star-studded activities like a special basketball training camp with NBA star Dwyane Wade, or a cooking class with a world-class chef.

These exclusive opportunities are what the Marriot and many other companies are using to encourage customers to stay at one of their hotels instead of an Airbnb vacation home. To some extent, I believe that this strategy of using exclusive activities led by famous athletes, chefs, photographers are quite effective. Unless it is contrary to their interests, most customers would be crazy to turn down a rare opportunity like a special 2-day golf course with a hall of fame golfer.

As much as I like this strategy, I notice certain flaws. Perhaps the biggest obstacle is that these fun activities are only for loyal customers. The hotels can make sure that their loyal customers do not choose Airbnb during their next vacation with great loyalty programs. But what are the hotels doing to attract others? If the customer has no sort of history with a hotel, what is to stop him from just staying at an Airbnb vacation home for a lower price and for more of a home-like environment?

Airbnb luxury home (Left) vs 5 star Bellagio Hotel (Right) http://www.businessinsider.com/11-airbnb-luxury-homes-2016-6
https://www.expedia.ca/Las-Vegas-Hotels-Bellagio.h140596.Hotel-Information?rfrr=Redirect.From.www.expedia.com%2FLas-Vegas-Hotels-Bellagio.h140596.Hotel-Information

What I think each hotel should also do is either somehow lower their costs so they can reduce the prices of their rooms and still make a great profit, or do their best to make sure they provide high-quality service to each customer to win them over. It will be challenging to get customers to come stays in a hotel room rather than an Airbnb home, but I think the hotels must come up with a strategy in addition to the one some are using right now if they want to beat their competitor.

Sources

https://www.thestar.com/business/2017/10/13/hotels-offer-one-of-a-kind-experiences-in-attempt-to-one-up-airbnb.html

 

Word count: 446 words

The Business of the NFL and How It Is Being Concussed by Politics

The NFL is more than a professional football league, it is also a multimillion-dollar business that capitalizes on the large football market of America with it being the most popular sport in the United States. The league and its own teams make billions just off broadcasting rights, ticket sales, merchandise, and many more sources of revenue.

Even if the NFL is very profitable and successful business, it is experiencing backlash from its stakeholders. The NFL’s television ratings have been declining for the past couple of years now. Some say it is thanks to the strict rules the league has put in place or the dangerous nature of the sport itself. However now perhaps the biggest cause for the decline in ratings is thanks to all the politics the sport is now involved with. The NFL’s television ratings have started to decrease since San Francisco 49ers quarterback Colin Kaepernick kneeled during the singing of the national anthem prior to the kickoff of a regular season game.

Colin Kaepernick (Right) kneels during the national anthem
http://www.theblaze.com/wp-content/uploads/2017/03/GettyImages-603553668-1-1280×720.jpg

“I am not going to stand up to show pride in a flag for a country that oppresses black people and people of color” (Colin Kaepernick, http://www.nfl.com/news/story/0ap3000000691077/article/colin-kaepernick-explains-why-he-sat-during-national-anthem ) This led to many players continuing Kaepernick’s protest today. This movement has become so large that it has drawn the attention of the President of the United States.

President Trump speaks at a campaign rally in Huntsville, Alabama on September 22, 2017. http://cnnwire.images.worldnow.com/images/14986401_G.jpg

Trump tweeted “Wouldn’t you love to see one of these NFL owners, when somebody disrespects our flag, to say, ‘Get that son of a b—- off the field right now, out — he’s fired!'” (President Donald Trump, http://www.businessinsider.com/nfl-teams-protest-trump-2017-9 ) In response to this attack, the entire NFL participated in this anthem protest with every team having its players locking arms, or kneeling in unison. However, ratings dropping even lower with these protests and with President Trump telling fans to boycott the NFL.

The decline in ratings is not only hurting the NFL, its sponsors or just companies who run ads are in danger as well. Running ads during an NFL game is a great way to market and will reach many. However, with fans boycotting the NFL thanks to the protests, ratings continue to fall meaning companies will slowly market less and less during these games, causing the NFL to lose business and income.

Nothing is ethically wrong about these protests, but if they weren’t doing it before and they were in a better shape financially and ratings-wise, perhaps they should go back to protesting on a small scale with few players instead of mass league-wide protests. Although I support the protests, I also think the NFL should tone down the resistance in the best interests of its ratings and finances. Even if that may anger some fans, it may be the right choice especially since most fans are against the protests anyways. As painful as it may be if the NFL wants to halt the plunge of its television ratings, they must dial down these protests if it wants to avoid any future repercussions.

Word count: 434 words

Sources

http://www.businessinsider.com/nfl-teams-protest-trump-2017-9

http://www.financedegreecenter.com/nfl/

http://www.chicagotribune.com/business/columnists/ct-biz-trump-nfl-advertisers-robert-reed-20170925-story.html

http://www.nfl.com/news/story/0ap3000000691077/article/colin-kaepernick-explains-why-he-sat-during-national-anthem

Business Ethics: how it can either help or hurt a business

When running a business or company here is a tip, have good business or corporate ethics. Now what does it mean to have good ethics in business? It can mean running your business in a clean and ethical manner such as being honest or making sure that your supplier takes good care of their materials or that their reputation is clean. For example, Lush is a company that is known to be ethical when it comes to its products, they make many efforts to be sustainable and sell its products not at the prospect of destroying the environment. (https://www.lushusa.com/about-green-policy-intro.html) Business Ethics is mainly about practicing proper business methods and proper policies. To simply put it, Business Ethics can easily help a business out if it uses it as a guideline to stay clean, which helps them gain support from consumers which then most likely leads to more profit based on gaining customers’ support. However if it is ignored, a business may suffer the consequences since a business that does not have proper ethics may use shady and dirty methods to obtain profit such as fraud, discrimination thus damaging the company’s image. Companies want to be making the headlines for all the right reasons in hopes of maintaining their success by pleasing consumers and providing them with satisfaction that the business they support operates cleanly and ethically. “Think about a business that is not a good citizen in the community, that routinely ignores or violates local customs or law that doesn’t pay attention to the quality of life in the community. That’s a business that is soon to be regulated into decline” (https://www.youtube.com/embed/bIRUaLcvPe8) If a business with good ethics and morals enjoys growth, then a business with bad morals is almost certain to experience decline in many aspects if they do not make any efforts to improve its habits.

Cartoon portrayal of Wells Fargo Scandal involving fake accounts. (obtained from http://suindependent.com/wells-fargo-identity-theft-scandal-political-cartoon/ )

http://suindependent.com/wells-fargo-identity-theft-scandal-political-cartoon/

Take Wells Fargo for example. Wells Fargo is one of the biggest and successful banks of the United States, however a year ago their dirty methods were revealed to the world in one of the greatest ethical scandals of the year. Wells Fargo was responsible for creating approximately 3.5 million fake bank accounts, many these accounts were found to be paying redundant fees to pump more profit into wells Fargo. This large bank also forced millions of citizens to open insurance plans that were not needed. ( http://www.businessinsider.com/wells-fargo-had-a-bad-year-but-its-sales-scandal-wasnt-the-only-reason-2017-9, http://money.cnn.com/2017/08/31/investing/wells-fargo-fake-accounts/index.html) This is an example of a big-time company having bad business ethics. A business that does not demonstrate good ethics is in real danger of suffering consequences. The image of Wells Fargo has been heavily damaged and will take forever to repair. Shares dropped more than 10% for Wells Fargo since that incident. If a business wants to be successful, having good business ethics is vital for survival. It must please its stakeholders to thrive and compete, and the easiest way to do that is maintain good business ethics and operate cleanly.

Word count: 439 (Not including Citations, hyperlinks, quotations)