An Intriguing Experience

It was very beneficial to break the entire Marketing Plan assignment into three sections. This way, it was easier to focus on each section one at a time. It also helped us reduce procrastination by giving us deadlines throughout the term, instead of just the one deadline to hand in the entire project.

In my short tenure at Sauder, I realized the school constantly encourages integration of technology into the classroom, which is crucial in an era where technology is so dominant in our lives.

I had zero experience with making videos before this assignment, so the biggest area of learning was the ability to produce a video and understand the different editing techniques. The video also allowed my team to be more creative and added a “fun” element to it, rather than just a standard oral presentation with a slide deck.

I was excited about the opportunity to show my peers the creativity of our project. I originally thought we would be watching together in-class each other’s videos, however this was not the case. I would’ve enjoyed it even more if we got to watch the videos together in-class.

In the beginning of the video assignment, there was a lot of confusion on where and how to start. Luckily, with the help of Peter, we were able to understand how to use the software. I did not realize that it was so easy to change my team’s creative ideas into reality with the aid of technology.

With respect to the peer review, I did not feel it affected my team’s work or effort. Even with a standard presentation, we get judged and compared to by our peers. But we know that ultimately, the instructor has the final say, and that’s what matters most.

Thanks for a great term, Elaine!

 

Christmas Begins Here

The holiday season is quickly crawling upon us, and companies and advertisers can’t wait. It’s that time of the year for giving, family gatherings, and singing carols. But for advertisers, it’s the chance to push for some more sales before the end of the fiscal year.

And this occasion is especially important to Coca-Cola, since its easily relate-able red logo is one of the Christmas colors. With so many branding possibilities they can leverage with their red logo during this time, Coca-Cola has decided that, this year, they will partner up with Droga5, an advertising agency to provide consumers with a chance to design and personalize their own sweaters for the cold, perhaps snowy weather, but most importantly, to provide clothing that one can wear for those awkward family photos.

Personally, I think this is a great idea. The ability for consumers to co-create value is something that enhances the consumer’s perceived value for not only the product, but also the brand. It shows that Coca-Cola is open to the public’s ideas for its products, and that it wants to help satisfy the need to become warm during the cold season, differentiating itself from its competitors such as Pepsi. This is also an easy and fun way for Coca-Cola to encourage their loyal customer base. Finally, Coca-Cola is able to combine the situational factor of “purchase situation” with the social trend of “ugly holiday sweaters”.

Ugly Christmas sweaters started in the late 80s as an ironic fashion statement. Now, it’s a mainstream product that people love to buy as it represents Christmas and the positive affective attitudes that comes along with this occasion.

Cheers, Coca-Cola. I’ll be sure to buy one of these sweaters for the upcoming Christmas celebrations!

Here’s a link to a brief description of the product: http://adage.com/article/creativity-pick-of-the-day/granny-coke-s-sweater-generator/245319/

And the link to the Ugly Sweater Generator: https://www.cokezero.com/sweatergenerator/#/main/landing

iLeaks

In response to Bryan Woo’s blog post about Apple’s “leaks” days before announcing its new lines of products every year, I have to say that I strongly agree with his position.

Although it may certainly be possible for a blogger to have do extensive research, stumble upon information regarding an upcoming Apple product and release it out to the public so he can take the fame and claim to be first to report it, it is highly improbable that this can happen for every single product.

Thus, I also believe that Apple occasionally leaks out a little information here and there about a new innovation, whether it be about a new design, notable changes in product performance, or introducing a new feature. This way, they can tease the public and do some free advertising for its products. The tech savvy will read about these new, cool leaks, and then inform their friends, and these friends will in turn, inform their friends. Pretty soon, everybody will be tuning in to Apple’s highly anticipated keynotes to see if those leaks became a reality.

Perhaps Apple did intend to use some of the leaked designs, but trashed them out last minute because they were leaked, or it could even be that Apple leaked them out because they didn’t want to use the designs anyways, and just wanted to stir up some news on a slow news day. Who knows?

That also leads us to wonder, if Apple does leak information intentionally, would this be considered an unethical promotion strategy since it teases and in a way falsely advertises to consumers? That’s a whole new topic on its own.

Bryan’s blog post: https://blogs.ubc.ca/bryanwoo/2013/10/10/is-leaking-really-an-accident/

This video was posted on August 13, and it already had pictures of the iPhone 5C, which was announced on September 10! https://www.youtube.com/watch?v=INDT3RtfmBw

Leveraging Social Media

In today’s technology-dependent world, the use of social media for marketing purposes is crucial. But in a blog written by Danny Brown, VP of Marketing and Technology at ArCompany, a company that helps clients effectively leverage social media to provide business results, suggests that not every company is fit for social media marketing.

His article talks a lot about value-based marketing and the importance of having a thorough, well-prepared marketing plan, and he outlines the way to utilize social media effectively in 3 steps.

Firstly, it is vital to understand what one’s own company values, and what it sets out to do, and to ensure that this message runs consistently from top to bottom throughout the entire organization. This aligns with what we learned in class – the mission statement is the fundamental business statement that must be described at the highest corporate levels, before any marketing is involved.

Second, operational excellence through good HR management is required. In order to ensure that the message the company conveys is consistent throughout, employees must be committed to the firm’s objectives. Only then will they be able to carry out that same message when they handle the social media relations to the consumer world.

Finally, according to Danny, the most difficult step is retaining the customers and their loyalty. “Social media is not a fire sale – it’s a long-term investment and tactic” (Brown). In other words, social media is not transactional-oriented marketing. Instead, companies must understand that it is relational, and the companies who do use social media should focus on their consumers’ lifetime value.

Social media can definitely help companies earn customer loyalty, but without a consistent message throughout their campaigns, or if they do it for the sake of keeping up with others, it is just a waste of resources.

Blog and article: http://dannybrown.me/2013/10/03/identity-and-trust-in-social-media/

 

Fast-forwarding Commercials Doesn’t Work

In today’s modern world, efficiency and convenience is our main goal and desire.

Many consumers now have PVRs, and with its new fast-forward, rewind technology, they don’t have to watch the ads in between TV shows. But a new study conducted by the Journal of Consumer Research actually tells us that we’re actually still consuming the ads!

In fact, as we fast-forward advertisements, commercials when placed next to another ad for a product that consumers categorized very differently, actually make a bigger impact than if we viewed them! Now that is interesting!

For example, in the study, a Mountain Dew ad ran beside a Honda Pilot ad, and while fast-forwarding, participants claimed that the soft drink had an exciting image to it. Contrarily, when Mountain Dew was placed beside a Hummer commercial and fast-forwarded, they said they were less likely to drink the product.

The results however, were not the same as those who watched them in real-time. The conclusion is simple: people are more likely to choose a product when placed beside a completely different product, but only when it’s a glimpse of the image or when they are distracted.

Why I think this is so interesting is because it emphasizes the importance of product, or even advertising placement. With our world constantly changing, marketing strategies need to be adapted to accommodate those changes. In this specific example, marketers lose viewers of their commercials because they just fast-forward it, but they are still able to penetrate their product and image into the consumers’ minds through placing their ads beside an ad that is totally irrelevant.

And this method even allows consumers to save time and satisfy their desire to be efficient, even with watching TV!

Article: http://www.theglobeandmail.com/report-on-business/industry-news/marketing/ads-that-fast-forward-to-the-brain/article14753993

Red Bull Gives You Dishonor

Red Bull recently launched a rather disturbing and disrespectful ad. In it, a captain of a ship watches a crew member upload a crate full of Red Bull aboard the ship. The captain first asks what it is, and the crew member explains it’s an energy drink that “gives you wings”, to which the captain responded, “Why on earth would you need wings on a ship?”

All of this seems fine until the captain commands the crew member to lower the crate and the name TITANIC is visibly shown.

Now what does this imply? So if the captain and the crew of the Titanic had drunk Red Bull during its expedition to New York City, she wouldn’t have hit the iceberg just south of Newfoundland, and over 1,500 people would have lived?

What puts Red Bull in a position to criticize and make fun of the events that transpired on the Titanic? People have a sense of humor, but there’s a line, and with this one, Red Bull definitely crossed it. It’s not okay to be laughing at people dying, but that’s exactly what this ad is promoting to our society.

“It is very offensive and just disrespectful,” said Howard Nelson, the founder of the Titanic Heritage Trust, an organization formed to remember those who died in the tragedy.

The ad is also unethical in the sense that it is incorrect in portraying the effects and the benefits of its product. Can Red Bull guarantee that accidents won’t happen if people drank their product? That’s a pretty courageous claim, and one that they will probably never be able to live up to.

Sources:

http://www.marketingmagazine.co.uk/article/1211947/red-bull-hits-iceberg-titanic-ad-draws-79-complaints
http://www.telegraph.co.uk/culture/tvandradio/10306683/Red-Bull-criticised-for-tasteless-Titanic-advert.html
http://www.thedrum.com/news/2013/09/15/red-bulls-titanic-advert-prompts-complaints-asa