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#Business #Success #BlogPost #UBCSauder #HashtagPower

From one of our more recent class lectures, the structure and duty of a management information system, as well as a business technology management framework were discussed. In correlation to the class example of retail operations that have numerous ways to collect and process data, another emerging data capture/marketing alternative has now become a leading movement in the twenty-first century. The use of a simple hashtag is no longer just a fad, but it has now become a legitimate monotony.

With this in mind, the hashtag serves itself to the business world on a silver platter for growing businesses, especially small-business owners to display an advertisement or message across multiple platforms: capturing an audience in a matter of seconds. In addition, hashtags have become an ever increasing way for companies to capture data by using a specific hashtag. Quite literally, hashtags allow businesses to stir up conversation about the company and capture real-time consumer responses, promote its products to a wider target market, as well using the never-ending possibilities of hashtag implementation. For example, a company such as American Express has announced plans to allow customers to make purchases using hashtags. 

Article: http://www.huffingtonpost.com/2013/11/12/small-business-hashtag_n_3991246.html?ir=Small+Business“#Hashtag” with Jimmy Fallon & Justin Timberlake

4 Reasons Businesses Should Take Hashtags Seriously: http://www.forbes.com/sites/thesba/2013/06/19/4-reasons-businesses-should-take-hashtags-seriously/

Check out this funny video about the growing usage of hashtags in today’s society: https://www.youtube.com/watch?v=57dzaMaouXA

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Snap Decision by Snapchat CEO?

This past June, Snapchat hit the social media scene by storm. In fact, the innovative photo capturing application captured two hundred users by the end of the first month, and just three months later, clocked in at over two hundred million monthly users. A phenomenal feat considering how long its industry competitors have taken to create a user base half of  Snapchat’s size. As UBC Sauder School of Business professor, Paul Cubbon, indicated how “ideas are cheap,” in can be noted that the process in which the idea is applied is priceless. With this in mind, Snapchat grasped this concept and designed a social media application that leaves little room for any digital footprint. For the most part, Snapchat’s boom can be widely credited to the growing number of adolescents wanting a social media outlet unmonitored by parents or teachers.

Although Snapchat’s 23-year old founder, Evan Spiegel, rejected Facebook’s three billion dollar offer to buy out Snapchat, it will be interesting to see if Snapchat will innovate and grow from its current success. More importantly, it is crucial to mention that Snapchat has zero dollars in revenue, so is Snapchat’s decision to decline a three billion dollar takeover its downfall?

Article: http://www.huffingtonpost.com/2013/11/13/facebook-snapchat-3-billion_n_4268859.html

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Chipotle: Tugging at Your Heartstrings

The Article: http://www.huffingtonpost.com/2013/09/12/chipotle-scarecrow_n_3914281.html

Another Opinion on the Topic…: http://www.businessinsider.com/the-problem-with-chipotles-scarecrow-ad-2013-9

The Scarecrow (VIDEO LINK)

This new and unique approach to advertising exhibits a contemporary and original theme in its message. Instead of trying to sell the product directly to the consumer, the company (Chipotle), announced a popular new mobile game, titled The Scarecrow, for all Apple products. Upon the game’s release, educating and engaging the public about food issues (For example, anti-industrial food processes and depicting the evils of factory farming, etc.) has been its number one priority.

Although the loveable video has over six million views on YouTube, the adorable/animated commercial may not help/assist the business of the company in the short-run. Yes, the positive popularity of this video has helped boost Chipotle’s credibility, an underlying question looms.

“Does this video make you want to curl up in a vegan coma and never eat a steak burrito or a chicken taco at Chipotle? Or does this video help humanize a giant corporation.”

CONCLUSION:

Personally, I believe that the video will help improve business throughout Chipotle restaurants all across North America because of its increased positive brand imaging as a leading fast food eatery!

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