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COMM 296 - Introduction to Marketing

Reflection – Marketing Mix Analysis (Video Project)

On the third, and final, part of our marketing plan assignment, we had to do make a video depicting the entire assignment as well as criticizing the current marketing mix and providing recommendations. The end result was a professionally-looking video, with very smooth transitions, clear dialogue, and appropriate settings for every scene. This was achieved through creativity, when coming up with the script, but most importantly through our team’s ability to bring forth innovative and logical recommendations made for Blackberry based on the difficult times they are facing.

Although the team had a good performance judging by the quality of the first and final part of the assignments, there are some areas for constructive criticism. Most time team meetings lacked an agenda and the members’ presence and productivity was not ideal. This loss of focus on effectiveness resulted in low performance which resulted in a weak second part of the assignment. In hindsight, therefore, we should have appointed a team leader to facilitate the division of tasks and to improve effectiveness through carefully monitoring each team member’s task.

The video part of the assignment portrayed the incredible team cohesiveness that our team had. We were able to shoot the entire video in a rather short period of time which showed that when following an agenda our team was very productive. In retrospect, however, I would have preferred starting the video shooting earlier to achieve the maximum possible video and sound quality.

Furthermore, I believed we made a great decision when choosing Blackberry since the company is currently undergoing lots of changes making our recommendations extremely relevant and useful. It was interesting having to make some additions and changes throughout the assignment as to adapt to current news updates.

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COMM 296 - Introduction to Marketing

Google’s Helpouts…maybe not “real” help but definitely great marketing

After reading Adweek’s blog entry by David Gianatasio, I felt the urge to further comment on this new initiative by Google. Helpouts is a live video-chat network of more than 1000 experts on a variety of fields such as music, cooking, fitness, home repair and many others. The idea is very straight forward. People who don’t want to leave the comforts of their homes, can just go online and get free or paid tutoring for playing guitar, baking a cake, yoga lessons, etc.

David makes the case that Helpouts makes the relationship between humans and computers stronger than ever. Helpouts slogan is that they deliver customers with “real help from real people in real time”. Although I agree that the “real” component is clearly overstated, considering the fact that you’re interacting with a computer at the end of the day, I can’t help but notice that from a marketing perspective, Google’s marketing team is doing a great job.

Nowadays, in a digitally driven world, having a significant presence online is probably what matters the most in terms of being recognized worldwide. After all, it isn’t mere coincidence that companies all around the world use social media as a means to reach out to their target segments. Thus, this latest addition to Google’s product breadth makes the California-based company even more omnipresent online. Marketing excellence achieved through the expansion of its marketing mix to satisfy even more segments of its customer base.

Lets face it. Nowadays, it is seen as normal by society for human interaction to take place through an online medium, albeit this is not ideal, it is the reality. Like in any competitive industry, therefore, Google must seize every opportunity to remain on top of the game.

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COMM 296 - Introduction to Marketing

Re: Greenwashing Diesel?

After reading Tim’s blogpost on unethical marketing by Audi, I couldn’t help but to agree with Tim on the fact that Audi pushed the ethical boundaries of marketing a bit to much. As the commercial suggests, driving an Audi with a “clean” diesel is supposed to be environmentally friendly. I have to say I was as confused as Tim. Is Audi’s marketing team trying to convey the idea that by buying a car, rather than a bike for example, we will be contributing to the reduction of greenhouse gases. Out of respect to the environment, it would seem that purchasing an Audi diesel car is the best option. Deceptiveness at its maximum level!

Nowadays, it is the new trend for companies to portray the image of being environmentally friendly. Even though some companies are actually doing great work towards this good cause, many are only making fun of worried environmentalists and humans trying to follow sustainable practices. The “Green Police” as mentioned in the ad, is not pure fiction. They do exist. For example, New York officers working under the Department of Environmental Conservation are referred to as Green police. Thus, this kind of marketing is not only deceives consumers but also greatly disrespectful.

I don’t mean to say that every company around the world must sell green products or else. Government and other organizations are dedicated to regulate non-sustainable practices carried out by these companies. What I found quite wrong, however, is the fact that  ads similar to Audi’s “clean” diesel car are not regulated. It should raise great concern that even at a moment were global warming has been scientifically proven, there are companies who don’t take this real threat seriously and are only looking to profit from consumers’ who naively believe they’re purchasing “green” products.

 

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COMM 296 - Introduction to Marketing

#UOonyou…seizing new mobile marketing era

Urban Outfitters (UO) has recently been through very rough times, loosing over $200 million in sales last year. As a true “wannabe” hipsters who loves to shop in UO, I must say that the new mobile marketing approach is simply genius. The Philadelphia-based apparel company, that hipsters hate, realized that with the upcoming holiday season they had to come up with an idea to win over their very young and digitally driven target segment. This segment, which makes up most of todays teenagers and young adults, is characterized by the smartphones industry which makes apps one of the best marketing strategies for any company, if used wisely of course.

As a result, UO launched a new app which provides customers with rewards in return for photos, and social media integration. Through this mobile challenges and rewards system, UO is putting its brand and products out there for everyone in their target segment. Moreover, UO has nearly 1 million followers in both Twitter and Instagram. Thus, through social media integration, most of them will most likely download the app and those who don’t will probably do so after they see their friends bragging about their new UO jacket which was 50% off. In today’s trendy world, this marketing strategy  can only do good as shown by the almost immediate increase in sales after the app was released.

I recently downloaded the app and immediately received an award. What came up to my mind right away was what other challenges I could unlock to gain more rewards. Thus, judging by UO’s marketing team on reading their customers’ trends and lifestyle, I believe it’s only a matter of time until UO is back on the game. If you still have doubts, download the app and enjoy shopping at discount price right away!

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COMM 296 - Introduction to Marketing

Simplicity…Apple’s key core value

It shouldn’t come as a surprise to anyone that Apple has truly revolutionized the technology industry for past decade or so and continues to do so. Leaded until relatively recently by Steve Jobs, the exceptional marketer who passed away in 2011, Apple was able to position themselves in the consumers’ minds as an industry innovator seeking to “transform the way we work, learn, create, and share” as cleverly stated by the new iPad air advertisment. A product that adds significant value to the customers, but at the same time, is simple to use. That’s exactly what Apple product’s are about, and this ad makes the perfect case for it by comparing the new iPad with a pencil, arguably the most used tool by humankind. Brand positioning excellence.
 

Although they are are clearly stretching the truth a little bit with such a blunt statement, from a marketing perspective it can be safely said that Apple does a remarkable job leveraging its comparative advantage through smart advertisements. It reminds customers that apple is present all around the world and used by all kinds of segments of the population: from artists to scientists, from students to important scholars. It is for everyone to use, useful for pretty much every task one can think of accomplishing, while remaining a tool that is as straight-forward to use as it gets nowadays.

Even though some might say that Apple’s groundbreaking innovations are gradually decreasing (particularly judging from the apparent lack of innovation in the iPhone), Apple’s brand definitely remains an example of simplicity excellence. Their marketing team knows this, so they are very likely to keep delivering products and respective ads depicting this key core value. Ken Segall’s book, on Apple’s obsession with simplicity, makes a great case explaining the significance of this value to the company.

 

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Apple’s Foxconn factories: reminiscing of Nike’s sweatshops

Apple has recently been in the news and not for new product releases and technology innovations, but because of harsh working conditions in its Foxconn factories in China. An article by the NYT, stated that there is “excessive overtime”, employees “live in crowded rooms”, “they stand so long that their legs swell until they can hardly work”, and they have “under-aged workers”. Moreover, there have been reports of suicides and deaths.

Although it’s true Apple is not the only tech firm whose products are being manufactured in those factories, the majority of “Foxconn’s 1.2 million employees are involved in assembling Apple products”. This represents a serious ethical business issue, such as that of Nike’s sweatshops during the 1990’s. Even though both cases are considerably different in magnitude, they share some similarities that should start to raise concern among Apple executives.

It not a surprise that firms, looking to cut costs, have increasingly been shifting production towards development countries over the last decade. However, it’s clear that Apple being one of the most profitable companies in the US can afford to invest much more towards improving the lives and working conditions of these workers. They should learn from Nike’s mistake and put more attention towards this ethical issue.

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New fashion trend: ‘green’ products

Nowadays, firms that put an extra effort and spend more money on products manufactured without harming the environment, so called “green” products, are becoming increasingly popular to the eyes of consumers, example: Toms Shoes. The question is why?

Before, firms were discouraged by the fact that manufacturing green products represented higher costs than manufacturing mainstream non-eco friendly products. However, a study suggests that consumers will prefer to buy “lesser-quality but higher-status green goods”. This means that consumers are willing to buy higher-priced products with the purpose of “signalling self-sacrifice for the public good”. In other words, it is becoming a trend to wear bad quality and expensive goods just for the purpose of showing you care for the environment.

Although higher costs normally represent lower profits, “green” products are now apparently fashionable. Thus, firms are now less reluctant to be cheap, since investing more in “green” goods and advertising them will result in higher profits. Whether consumers are actually starting to care about the environment or they are simply broadcasting to the world they are “pro-environmental individuals”, everybody wins: firms are profitable, consumers are able to “flaunt” that they can afford this “‘selfless’ acts”, and the society is more environmental friendly.

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Entrepreneurship success: serendipity or hard work?

I thought the class on entrepreneurship was extremely interesting. The two guest speakers, Eric H. Carlson and Amielle Lake, were able to clearly describe what is entrepreneurship. However, each had their own stories and points of views. However, they both agreed on the same fact: entrepreneurship success often involves some degree of “luck” after repeated failures.

Eric Carlson, Founder and CEO of Anthem Properties, went even further and said entrepreneurship is “a way of being”.  After all, entrepreneurs are risk-takers which have a goal, often a dream or a passion, which they pursue until they are able to achieve. Moreover, a very interesting concept he portrayed was that “serendipity” also plays an important role. After all, you can’t spend your whole life failing. There must be a moment when everything manages to perfectly align itself.

Thus, although there is no magic formula for being a successful entrepreneur, one thing is certain: you must be perseverant and don’t be let down by failures. Serendipity just doesn’t happen by random, you must put yourself in that position. Seneca, the Roman philosopher, said it best: “Luck is a matter of preparation meeting opportunity”.

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Organizational culture: formula for success?

It was made clear from the People, Culture and Teams lecture that one of the important features of a successful company is having a solid organization culture, which is the “personality” of the company as a whole. Every hired employee must follow these core values. In the case of Zappos, “all new hires sign a document verifying that they’ve read and understood the Core Values” which ensures they fit with the company.

Lets take the example of Google. Just as Zappos.com, Google should be considered a role model company regarding its organization culture. Nowadays, it seems like everyone wants to work for Google. After all, it is quite a merit to be named Best Place to Work in the US by the prestigious magazine Fortune. What makes working in Google so special? In Google’s what we believe section they talk about 10 points that their employees follow, a bit like their philosophy of work. It is definitely their formula for success: it builds a strong “workplace culture”, lures the best employees in the market, happier customers, and ultimately more profitability.

Thus, it shouldn’t be a surprise that successful companies happen to have a good and solid organization structure. It is probably the reason for their success.

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Social enterprises vs non-profit organizations

Two blog posts from the blog Leadership for Good, made me think of the class discussion regarding the difference between social enterprises and non-profit organizations. Fundamentally, NPOs can’t run a profit, which is why they are fund through money from charity investors, whilst social enterprises use a business model, which means they use revenue streams to achieve their goals. Nevertheless, the same social mission drives them both.

The original blog post point out that social enterprises were born from “the result of non-profit ineffectiveness” and thus NPOs should fear them, giving the example of the successful Toms Shoes. However, the response blog post emphasizes the fact that this isn’t actually the case, giving the example of the NPO called The Cara Program which is changing lots of lives though it social enterprise Cleanslate.

It is probably true that social enterprises are more effective than NPOs, however this shouldn’t be a reason to eradicate the latter. It must be seen as an opportunity for both to help each other. In the end they have the same mission. Thus, I couldn’t agree more with the end of the response blog: “We all have the same goals – There’s no need for fear”.

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