...Sohou.Speakman.Ford Critical Analysis This critical analysis will discuss how Ford Motor Company is experimenting on a ride-sharing app similar to Uber. This analysis will focus on four points. First it will give a brief background of Ford Motor Company. Next it will address the threat that Uber is becoming for car-makers by decreasing the need for owning a car. Then it will explain how Ford is facing this new challenge by designing a new product to compete with Uber. Finally this analysis will point out other alternatives and new products that Ford can use to compete with Uber. These points will be developed in the body paragraph. Ford Motor Company is a global automaker that operates in many countries all over the world. Globalization has forced alliances between governments, creating an advantageous political environment for Ford. Technology is rapidly improving, and Ford has to keep up with its competitors. Ford is overall a strong brand for its quality. The motor industry is highly competitive, and the prices of raw material and fuel have increased due to the financial crisis, however Ford stayed strong. The rise of ride-sharing apps like Uber and lyft is a real nightmare for car-makers, as it has decreased the need for owning a car. Emily Badger author of “Ford is experimenting with its own Uber-like app — and a vehicle to go with it” affirms that “the ride-hailing service, and other apps like it, have made it increasingly easy in major cities to get around town without...
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...Social media marketing tips If you have a business and were to invest in social media marketing, which social network would you chose? Your answer would most likely be “it depends”. In this post I hope I can provide you with a solution. To begin with… What is social media marketing? For those of you who don’t know, social media marketing is a marketing channel which supports businesses by increasing website traffic or awareness; generating electronic word of mouth (eWoM). The inception of social media marketing came just after the rise in popularity of social networking sites (or social media site), therefore creating opportunities for businesses to reach their audiences in a revolutionary way. In 2011, 20% of the global internet traffic came through social networking sites, according to Adi Gaskell in an article posted on Technorati So from all that traffic, which social networking site can give you the most ROI? First we need to find out which is the most popular social media website. What are the top social media websites? At the end of Q1, 2013, eMarketer compiled a study, where it was found that Facebook hosts 51% of internet users on its platform, followed by Google+, Youtube and Twitter. See figure 1.1 below. Figure 1.1 However, that doesn’t mean Facebook is the right choice for you. Each social media platform has a defined purpose, but shares a common goal: to connect people. Therefore it is your challenge as marketers or business people, to find out “who”...
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...what to continue doing. Correlation analysis basically allows those evaluating various aspects of the business to make connections by analyzing cause and effect of various outcomes. It can be used in business decisions or in strategy formulation and implementation if a business were to use it effectively.Take an example of a small business. that determined that, over the course of the last six years, the business' revenue shot up over 40% each year when the business invested in professional, targeted marketing services versus the other three years in which the business lost money or broke even when the business owner whose skill set is in construction took on the task of building the company's marketing campaign by experimenting and using new marketing software and reading "How to" articles on the topic of marketing in order to cut investments costs. In this example, the business owner would be wise to identify the correlation between investing in professional marketing services and increased...
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...what to continue doing. Correlation analysis basically allows those evaluating various aspects of the business to make connections by analyzing cause and effect of various outcomes. It can be used in business decisions or in strategy formulation and implementation if a business were to use it effectively.Take an example of a small business. that determined that, over the course of the last six years, the business' revenue shot up over 40% each year when the business invested in professional, targeted marketing services versus the other three years in which the business lost money or broke even when the business owner whose skill set is in construction took on the task of building the company's marketing campaign by experimenting and using new marketing software and reading "How to" articles on the topic of marketing in order to cut investments costs. In this example, the business owner would be wise to identify the correlation between investing in professional marketing services and increased...
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... |Application of Concept in Scenario |Citation of Concept |Personal Experience in your | | | |in Reading |Organization | |Three types of innovation: |In the past five years Best Snacks has |Davila, Epstein and |Working for the government does not | |Incremental, Semi-Radical, and |instituted incremental innovations that have |Shelton, 2006, p. 38|allow for much innovation at the | |Radical. “Incremental innovation |simply built on previously successful | |lower levels however; the upper | |leads to small improvements to |marketing methods such as new packaging | |management of government definitely | |existing products and business |sizes. Elizabeth Fairchild is convinced that| |put much time and money into keeping | |processes… Radical innovation results |to continue to succeed, more innovative | |up with changes to better the | |in new products or services delivered |products need to be developed. These new | |organization. Innovations of all | |in entirely new ways.” |products could fall under semi-radical or | |types are important to all aspects of| | |radical innovations....
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...What Are the Five Deadly Sins of Marketing? Marketing involves promoting or bringing awareness to your product or service, and it is crucial to the survival and prosperity of your business. Not every business owner holds a marketing degree, and some companies do not hire marketing experts. In either case, an effective marketing campaign might develop from trial and error. Even if a company's owner doesn't have a marketing background, it's imperative that he recognizes and avoids five deadly sins of marketing. Forgetting Your Target Audience Failing to keep your target audience in mind results in squandering advertising budgets on marketing to the wrong groups of people. This is a deadly sin because your message will reach people who do not have a need for your product or service. Target marketing ensures that your message reaches the right group of people. Before you can create a targeted message, you must first define your target audience. Start by listing the benefits of your products. Consider the price point for your product or service. Next, decide who's likely to need your product or service. If you're marketing a line of beauty products, for example, businesses such as salons, nail shops, spas and beauty supply stores might benefit from your products. Ignoring Your Customers' Needs Overlooking your customers' needs can kill your marketing efforts because you're likely to structure a marketing strategy that isn't customer-driven or customer-focused. Avoiding this...
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...Marketing Case Studies Innovative and creative marketing is more important than even in a shaky economic climate. Here's some of the best strategies we've found for quickly moving your brand from intriguing concept to household name. Brand Marketing: Guinness How do you refresh a 243-year-old brand? By brewing a modern experience that combines the power of history with the allure of contemporary design. Guinness Storehouse, in Dublin, reimagines how a brand can perform for customers, employees, and the community. Scott Kirsner Are Brands out of Hand? A new kind of brand proletariat is on the loose, courtesy of Harvey Alpert, the man behind Brand in Your Hand. Jack Hitt Battle of the Brands John Hancock`s outspoken CEO names names and points fingers at some high-profile brand offenders in his new book. He also offers some good advice on not screwing up your own company`s brand. Jennifer Reingold Don`t Shout, Listen At Procter & Gamble, branding is almost everything. And in the age of the Web, almost everything is up for grabs. Here`s how P& G has turned the Internet into a device for listening to customers -- and for experimenting with its brands. Fara Warner Who`s Fast Hall of Fame: Brand Builders Brand builders forging product identities that endure and entice. Fast Company Cleaning Up Brand Clutter With 35 varieties of bagels, 66 subbrands of GM cars, and more than 13,000 mutual funds, American consumers are suffering a severe case of brand overload. Marketing...
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...HP did many things correctly when addressing the challenges for disruptive change. For instance, they organized a smaller team of “hungry” individuals from marketing, manufacturing, and research and development that moved the project away from the core group essentially acting as a small startup business. The smaller group was motivated to establish itself and prove their product was worthy of funding and upper management support. They also differentiated themselves by choosing team members that were uninterested in maintaining status in the company mainstream way of thinking. HP allowed a lot of leeway to the Kitty Hawk team in making decisions and providing financial backing to the project’s research. A portion of the Kitty Hawk team’s downfall was their aggressive goals for revenue growth rate, and break-even timelines. In their quest to prove themselves to upper management, they pushed themselves extremely hard to reach a growth rate of 35%. They wanted HP to “become a significant industry leader.” The Kitty Hawk team also wanted to achieve a breakeven time of less than 36 months, which may be the main reason why HP missed perhaps its largest opportunity. At the time, Nintendo was shipping around 1.5 million game cartridges a day during the holiday season. Kitty Hawk team leader Rick Seymour and marketing manager Jeff White had the idea that Nintendo could use their 1.3” disk drive for storage of all their video games. The volume of 1.5 million was appealing...
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...follow strategic objectives that helped growth within the company especially when their 2016 patents expire (Hoffman, 2010). According to Hoffman, the company’s objectives were to focus on key objectives, develop industry alliances, focus on key institutions, focus on leading surgeons to drive rapid and broad adoption, maintain market leadership, and increase patient awareness. By creating industry alliances, companies can collaborate with each other to create innovative ideas together so that the best products can be produced. Under developing industry alliances, Intuitive Surgical “will continue to establish strategic alliances with leader medical device companies… in areas of product development, training, and procedure development and marketing activities” (Hoffman, 2010). By focusing on key institutions, “the firm focuses on academic and community hospitals” (Hoffman, 2010). The company will ensure customer and patient satisfaction by bestowing the knowledge needed to use their robotic systems. Also, by increasing patient awareness through the Internet, Intuitive Surgical “will educate potential...
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...improvement. The four functions of management are planning, organizing, leading and controlling. By analyzing how all four functions of management in the Coca-Cola Company one will be able to explain how each is affected by the following external and internal factors globalization, technology, innovation, diversity, and ethics. Coca-Cola is a very well known label all over the world. Even so, however, the company seems to always be marketing their name somewhere new. This means that the planning function of this company is globalized and very innovative. It can be purchased all over the world. The planning is also effected by diversity. It is evident in the different beverage products they produce, in example juices, vitamin water, sports drinks, and plenty of other drinks other than just soft drinks. They use innovative methods in their marketing, for example their online music service in the UK. And, even though it shut down, their experimentation shows innovation. The planning function shows ethical values in its marketing. Coca-Cola’s marketing is always aiming at social awareness to happiness. It encourages a united America during its super bowl commercials…have a coke and feel joy. Organizing is assembling and coordinating the human, financial, physical, informational, and other resources needed to achieve goals; specifying job responsibilities, grouping jobs into work units, marshalling and allocating...
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...Principles of Marketing Kelly Brynn American InterContinental University Principles of Marketing As a marketing strategy, market segmentation refers to the process of identifying and grouping consumers together based on similar needs and priorities, and subsequently designing marketing strategies that will best meet these common needs (Abell, 2010). Given the Urban Decay’s Naked Palette comprises of eye-shadow solutions that are primarily neutral, it is best suited for consumers in an official or relatively laid back environment. As such, segmentation should be pursued based on a geographic criterion (with a focus on the urban elite) and a behavioral criterion (with a focus on the relatively reserved consumer). Based on these segments, the target market would be accessed in the metropolitan areas of major cities or towns where stringent office wear is emphasized. The suburbs would offer the second target market since most women in these locations opt for make-up that is not too conspicuous. These markets would be the most profitable for the product since consumer profiles match the primary features of the product. The Naked Palette can be aligned to the above markets and consumer needs to create a strategic fit, even in the presence of noteworthy competitors. Prominent competitors include the Pixie Eye that promises to offer “deep and unique hues” that range from neutral to smoky for the consumer who is not afraid of experimenting with shades or going it bright (Montell...
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...America Rodriguez Marketing Management 309E-01 Professor Aiello December 6, 2014 Keurig Coffee Makers Over the past few years, Keurig’s single-serve coffee pods and machines have been popping up in homes and offices across the country. These fairly new products put a spin on an old staple, and they’ve taken the coffee industry by storm since their introduction to the market. Keurig (derived from the Dutch word for “excellence”) has become a household name in the last few years, but the popular coffee makers were actually developed over two decades ago by a pair of college roommates named Peter Dragone and John Sylvan. The team came up with the concept to solve a common problem. Traditional coffee pots in office kitchens everywhere were left on for several hours at a time each day, resulting in burnt, bitter coffee that often went to waste. Why did it become so popular? The single- serve coffee concept has become popular in this country for several reasons. First, the founders of Keurig took the time to research the market and test the concept. As mentioned, the product was initially thought of to solve a problem that bothered offices everywhere: burnt coffee. Before coming up with the final machine, entrepreneurs spent years experimenting with failed machines and K-cup pods and testing their unique concept with potential investors and companies. Rigorous testing was a big part of why Keurig became so popular. Convenience was also a major factor that helped drive sales for...
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...coffee business, specifically CCD's lounge and square in the short run. Hence CCD in order to reduce it susceptibility towards the threat of Starbucks to its premium coffee market, CCD should improve its brand equity in its premium coffee market so as to entice and retain its own customer base through improving its services and products offering in their premium coffee market stores and via mass marketing campaigns such as advertisement. CCD previously has advertised its brand through localised marketing initiatives and on site promotions however this lacks the effectiveness that mass marketing would bring. Hence by intensifying its mass marketing efforts to promote CCD's premium coffee products such as CCD's square and lounge, it would make CCD's products more recognizable and memorable for the public which would entice consumers to visit CCD's square and lounge. On the other hand, Starbucks which has a 'no advertising' strategy, can only depend on superior customer service and word-of-mouth to entice customers hence Starbucks would not be able to reap the benefits that mass marketing efforts would bring, and it might not have the capability to create...
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...Learning from Amazon’s culture of metrics Questions: 1. By referring to the case study, Amazon’s website for your country and your experience of Amazon offline communicate their core proposition and promotional offers. Amazon does an excellent job communicating their core propositions for the Unites States through search engine results. Bing result: Online shopping from the earth's biggest selection of books, magazines, music, DVDs, videos, electronics, computers, software, apparel & accessories, shoes, jewelry ... Yahoo results: Online shopping from the earth's biggest selection of books, magazines, music, DVDs, videos, electronics, computers, software, apparel & accessories, shoes, jewelry ... Google result: Online retailer of books, movies, music and games along with electronics, toys, apparel, sports, tools, groceries and general home and garden items. Region 1 ... Both Yahoo and Bing are the same but Google communicates the same core propositions slightly different but all three communicate the same basic core propositions. These online search results are an excellent way of communicating Amazon’s core propositions. Amazon also communicates its propositions at its website Amazon.com but they are not in a sentence list. They are listed by department. Offline Amazon communicates its core propositions very clearly through advertising such as the commercial they ran during the Super bowl. They communicate their promotional offers very efficiently...
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...Key Lessons from the Reading R1 - The Innovator's DNA: In this article, the author distinguished five discovery skills that separated true innovators from the rest. These five skills included, associating or the ability to connect unrelated ideas, questioning or the power of finding provoking answers, observing or watching customers live their normal life, experimenting or trying out new prototypes and ideas, and lastly networking or devoting time to finding and testing knowledge through diverse individuals. By using all of these skills, a marketer can truly become and innovator. A key lesson from this reading is to try and think differently about questions to stimulate creative thinking in order to become a great innovator in not only marketing, but anything you do. I feel that if I can follow these skills I can become an innovator and improve as a marketer. R2 - Walking in Someone Else's Shoes: They key lesson of this article is in order to really understand your customer you must "walk in their shoes". However, in this article, when the researcher literally sat in a wheelchair for weeks it turned out to be too much. So, we must learn how to observe our customer and really understand how they feel, not what we think they feel. By doing this we can truly find the right product for them. R3 - Finding the Right Job for Your Product: The key lesson of this article is basically for the marketer to not focus only on the demographics of a client but to instead adjust the product...
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