Snapchats quick Success

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Snapchat is undoubtedly successful as earlier this week they turned down a multi-billion dollar offer to be bought out. The app was designed by some undergraduates for their mechanical-engineering class. The app is increasingly popular and the company was estimated to be worth over $4 billion. The worry is that teenagers (which are the biggest market for snap chat) are very “fickle” and this app won’t be as popular forever. As Facebook was once called the best social media website but is no longer. Twitter and Instagram have replaced its popularity. Apps are also in such a large supply that the app could quickly be abandoned if something better comes around.

This fear of the popular snap chat fading from the mainstream is very valid as apps and social media technology is being revolutionized so fast an so frequently it is even hard for the leaders to keep up. However as Keenan mentioned in his Blog, Snap chat has a very unique and creative business however it must continue its creative engineering, as it is currently threatening Facebook’s success.Their creative engineering will be paramount in their ability to handle the competitive market in the long run.

https://blogs.ubc.ca/keenanmanhas/

http://bits.blogs.nytimes.com/2013/11/15/from-university-class-project-to-billion-dollar-valuation/?src=recg

The Secret to North Face’s Popularity

In this article Journalists investigate the marketing techniques that North Face uses to acquire such a large fan base, and the truth is there isn’t one. They say they advertise to people who are probably interested in outdoor activities and are not exclusively focused on the ‘hardcore’ outdoors man. They don’t even bother to track the demographic of their consumers, they are just glad that anyone is buying their products. They are also quite humble about their success, claiming they’re really not that successful when they’re compared to entire outdoor sports world with shoes and other clothing.

The truth is North Face is a very successful company with reliable quality consumers can and do trust as they have a built and strong reputation for themselves. It is hard to believe they are not interested in the demographic of their consumers, but it is interesting as their marketing techniques contradict that of Lulu Lemon as mentioned by Eugene Worifah in his blog. He wrote about Lulu lemon openly admitting that ‘some women’s just don’t actually work for the pants’. When compared to that philosophy the success of North Face makes much more sense.

https://blogs.ubc.ca/worifah/

http://www.nytimes.com/2013/11/17/business/in-a-north-face-jacket-a-reversible-appeal.html?pagewanted=1&ref=business

Fading Facebook

This article argues Facebook may perhaps be fading from the mainstream or is going through a ‘midlife crisis’.  S. Shyam Sundar, a director of the Media Effects Research Lab at Pennsylvania State University claims the social media site has turned into a ‘community scrapbook’ where only major life events are documented and the majority of its services are ignored. It was also described as the mall, as people wander around in it and occasionally poke into other people’s lives. The fear is that Facebook has reached its climax and other social media websites are replacing it such as Twitter and Snap chat.

Personally I find it hard to argue that the giant Facebook could be falling so soon, but I do agree that some revolution needs to take place within the website as its remained stagnant for years. The post by Phoenix Wong about Innovation relates quite well to this Facebook dilemma. Facebook seems to have turned more into an advertising platform and this post suggests companies must make innovation a part of the job rather. U.S companies are falling behind on innovation and I feel Facebook is a good example, once innovators, now struggling to stay interesting.

https://blogs.ubc.ca/phoenixwong/2013/11/17/innovation/

http://bits.blogs.nytimes.com/2013/11/16/still-on-facebook-but-finding-less-to-like/?ref=business

Rebranding Broccoli

The video below is about the recent Kale craze in nutrition enthusiasts, some journalists from the New York Times travel to Boulder, Colorado to find out why Broccoli has never been ‘the cool new vegetable’ despite its health benefits. Kale has recently been popularized and is coming into the mainstream as a cool new vegetable. The video talks about how and when every vegetable has been through a phase of being the next best thing. The only vegetable that hadn’t been on that list was broccoli and health enthusiasts were blaming it on the media’s portrayal of broccoli tasting bad.

To combat Kale, a pseudo marketing team was formed to re-brand broccoli and find way to advertise it as the next best vegetable. It was quite interesting seeing the various meetings and exercises the marketing team did. The creativity evolving from the conversations was quite inspiring. They had come up with the idea to make broquets, which is a broccoli bouquet that you can give to your bros. The team was designing billboards and t-shirts that resemble early 1900 boxing match posters which Kale and Broccoli as the opponents. The video is a little long but definitely worth a watch http://www.nytimes.com/video/magazine/100000002528048/creating-the-broccoli-craze.html?nl=todaysheadlines&emc=edit_th_20131102