Thursday, March 17, 2016
Week 9 EOC: The Narrative
We strictly use Gerolsteiner water without the carbonation because of its volcanic origin and mineral qualities. The Volcanic Eifel in Mannebach, Germany is where our water is sourced from. Natural Mineral water is gathered from depths of up to 200 meters and is there protected after being filtered through numerous rock layers. After our magnificent water is bottled right at the source for top purity it is shipped to our facility where we add in our own fine ingredients.
Instead of wheat or rye we use a mixture of raw materials consisting of barley, ginger root, and acai berry to create a naturally sweet flavor that goes down smooth each and every time. We are one of the few vodkas that uses this combination of grain and materials. We distill it 3 times to balance just the right amount of flavor and texture. The importance we have built on is in the nutrients your body needs in order to have a successful and positive experience with our spirit. You will always be able to tell the difference in our vodka because of its smooth, bold, but easy-going taste and feel. Always put the good in your body when drinking and choose Svelte to make it unforgettable.
Thursday, March 10, 2016
Week 8 EOC: Creative Content
Friday, March 4, 2016
Implementation Evaluation Control
Price
Distribution
Promotion
Product
There must be some distinction between the product and what the competitor offers. Svelte Vodka does just that by using original ideas and techniques. “The firm must first create a need-satisfying market offering (product).” (Amstrong & Kotler Page 12) When you taste Svelte Vodka you can tell that there is something positively different than other alcohols. The nutrients including Magnesium, Bicarbonate, and Calcium that are naturally found in our spirit support health and wellness while you sip on any libation made from our product. “Actually differentiating the market offering to create superior customer value.” (Armstrong & Kotler Page 53) You won’t get those classic symptoms from drinking other vodka because we have found the perfect balance to prevent that and taken into account what quality tastes like. The flavor that Svelte Vodka also offers is sweet and smooth creating a whole new experience for those who enjoy our drinks. We offer variety through the occasions our product can be used for and bring service to all of our consumers. The Svelte Vodka bottle is unique and intriguing to our customers and can be spotted and recognized with ease. We do also have combination packaging that can be collected with shot glasses and trinkets that are symbolic of the brand.
Target Market Strategy
SWOT Analysis
Objectives
Business Mission Statement
Monday, February 29, 2016
Week 7 EOC The Pitch
Svelte Vodka is created from a formulated water that is rich with minerals from Gerolsteiner water imported from Germany.
"Founded in 1888, Gerolsteiner Sparkling Mineral Water is the number one water export in Germany. Gerolsteiner’s production follows strict purity protocols. Originating in springs from the area of Volcanic Eifel, Gerolsteiner flows from ancient, rocky volcanic reservoirs 200 feet beneath the earth’s surface. Minerals and carbonic acid leach into the water as it percolates up through the volcanic rocks, giving Gerolsteiner its exceptionally high amount of calcium, bicarbonate and magnesium. The water is a great source of essential nutrients that our bodies need daily and its natural carbonation gives Gerolsteiner its refreshing, neutral taste." ( http://www.foxnews.com/leisure/2012/08/24/top-10-bottled-waters/)
Not only will Svelte Vodka's Gerolsteiner water give you the proper nutrients to prevent symptoms of hangovers but it will give a fresh taste with every sip or shot. The harsh typical sensation that other brand vodka gives you will be a thing of the past.
Svelte Vodka also offers light flavored options that are great for any social gathering or evening relaxation. There are 3 options including our Lemon Refresher, Multi-Berry Fusion, and Ginger Twist. These hints of flavors will be just enough to mix with other drinks or stand alone just like thee original. They are also unisex so all can enjoy the taste without feeling like it is too harsh or too light. Svelte gets it just right with its smooth and nutritional qualities. Why sign up for a headache in a bottle when you can get smooth with Svelte Vodka?
Friday, February 12, 2016
Week 5 EOC: Social Networks and Job Hunting
"Many companies are now creating brand ambassador programs in an attempt to turn influential but everyday customers into brand evangelists." (Marketing at Work- Page 142) When you first start your job the big question will be if the lifestyle of the brand really fits you or not. Do you look the part? You must really submerge yourself in the brand by all means necessary whether you are wearing the brand from head to toe or simply living the lifestyle that the targeted consumer is also living!
You must not only be what is called a "Brand Ambassador" by how you dress but by how you carry yourself outside of work even on personal social media accounts. "Group- Two or more people who interact to accomplish individual or mutual goals." (Marketing at Work- Page 142)
You must understand that all eyes are on you. Not only is your mom watching but so is your company. "Social networking media range from blogs to social networking Web sites, such as Facebook and YouTube, to entire virtual worlds, such as Second Life and Gaia Online. This new form of hightech buzz has big implications for marketers." (Marketing at Work- Page 143)
Following certain connections or inviting someone to like your page can be the make or break in your career success so be careful and think your posts through.
Some may think that the idea of your hopeful future boss stalking your Facebook page is a little unorthodox there are some real pluses to this new technique. "Facebook's use as a job-recruitment tool remains small, but its appeal may be growing." (http://www.wsj.com/articles/SB10001424053111903885604576490763256558794) Facebook searching on employee candidates eliminates the need for job boards and other posting networks like LinkedIn. The employer can also evaluate your personality without having to test you through a generic analysis that the corporate office has provided."More companies are trying to tap Facebook Inc.'s 750-million-plus user base to find new employees..." (www.wsj.com/articles/SB10001424053111903885604576490763256558794) By the time that social media background checks are professionally run by all companies our whole social media preferences and outputs will be changed completely. It is important to remember your "Brand Ambassador" qualities at all time, even outside of the professional realm. Heck, your employer will be able to decide whether to hire or fire you just by checking his daily feed in the morning over his/her breakfast.
Friday, February 5, 2016
Week 4 EOC: The Cult Of Apple
Thursday, February 4, 2016
Week 3 EOC My Demographics
"This group includes several age cohorts: tweens (aged 9–12), teens (13–18), and young adults (19–32). With total purchasing power of more than $733 billion, the Millennials make up a huge and attractive market." (Marketing: An Introduction Page 73) It is become very clear the most producers look at the Millennial group as their biggest demographic. They are always looking for innovations to remain current and keep them interested. Although there are plenty of other generations trying to understand the newest trends it seems that most of the attention is pushed towards us Millennials. "Some experts warn that marketers need to be careful about turning off one generation each time they craft a product or message that appeals effectively to another." (Marketing: An Introduction Page 74) Companies should be well aware that there are other demographics to serve but the interest may be coming from how intrigued the producer is with the Millennial generation's diversity. "Many Millennials are immigrants or the children of immigrants who arrived in the United States as part of an upsurge in immigration that began in the 1940s. The share of people age 20 to 34 who were born in a foreign country is now around 15 percent – much higher than it was in 1950 and near the peak of almost 20 percent seen in 1910 during the last great wave of immigration to the United States." (Millennials Report Page 5)
Demographics have so much affect on production and marketing that without them there would no purpose for selling. It is always important to understand the target demographic and keep an open mind. Millennials have opened doors that other generations never spoke about. For example, "...many major companies have recently begun to explicitly target gay and lesbian consumers. According to PlanetOut Inc., a leading global media and entertainment company that exclusively serves the lesbian, gay, bisexual, and transgender (LGBT) community, the U.S. gay and lesbian segment has buying power of $690 billion." (Marketing: An Introduction Page 77) When a generation like the Millennials create milestones like Gay Marriage Equality, Freeing the Nipple, and legalizing Marijuana other generations may look at these accomplishments distastefully. They do not realize how many opportunities this creates for others around them and future generations.
Despite all of the opportunities and successes Millennials have created you may still be wondering what an "average Millennial" may look like or act like. In this case looks are not as important because there are so many cultures and ethnicities that make up Gen Y but you can definitely tell them apart based on personality difference and moral beliefs. According to MindTickle.com Millennials have the following traits and/or habits:
1.) Millennials are motivated by "Meaning"
*Share Gifts
*Make an Impact
*Live Your Desired Quality of Life
-As A Millennial I completely agree with being motivated by these 3 points. I always feel like it is my job as a human being to be kind and make an impact on someone's life at least once a week.
2.) Challenge Hierarchical Structures
* Not being afraid to question authority and form different opinions.
-I can also agree with this point because I do not feel the need to back down in situations just because someone may hold a higher position than me.
3.)Want A Relationship With Their Boss
* Feeling comfortable in asking questions and taking in feedback. This is important in order for a Millennial to enjoy their job.
-It is important to me and co-workers that we get along with our bosses on a friendly level so we feel comfortable in our work environment.
4.)Tech Savvy
*Understanding New Technologies and being able to adapt to new electronic devices and concepts.
- Many Millennials are confident using new technology and software. I have had several technological updates and have not had to read instructions.
5.) Open To Change
-I am extremely open to change and often use this as a strength of mine when filling out resumes.
6.)Task Oriented
*Tasks are important because they believe in productivity, not necessarily the amount spent doing something, but whether it gets done or not.
-I also agree with this point due to the fact that I feel comfortable completing tasks and accomplishing small goals.
7.) Hunger For Learning
*Learning as much as possible in all aspects of life.
-Learning is on of the most important tools we can use to better our lives. I believe there are endless opportunities to learn something new and develop skills.
8.) Desire Constant Feedback
* Feedback is vital for a Millennials improvement and goals.
-I love feedback myself and feel that it is better to understand what you are doing right and what you need to work on in order to evolve and grow in any area.
9.) Recognition
*They do not need to be awarded but at least want to feel recognized for their work and achievements.
-Recognition is really important to me because it gives me the opportunity to create a credible source of my accomplishments. It also boosts my self-esteem and mood.
10.) Love Fun Environments
*Even the workplace should be a fun atmosphere!
-Fun is one of the number one things I look for in a person, job, or event. Having fun doesn't mean slacking off but it means that you are enjoying what you are doing despite the circumstances.
(http://www.mindtickle.com/blog/10-millennial-personality-traits-hr-managers-cant-ignore/)
I really believe that as a Millennial I identify with most of the characteristics that are given to Millennials. Although there have been negative images made by other generations or those who do not understand the Millennial mind I think it is correct when I say Millennials are outgoing, motivated, and energetic beings full of moxy and ambition. We do not let our obstacles get in the way of making our dreams a reality and pushing the envelope even when it is sealed. We are more than a bunch of young individuals who are seeking the fullest potential of happiness in life, we are the kids/adults of the future.
Friday, January 29, 2016
Week 3 EOC Making Money For Good
I have actually purchased products from Yoobi and never knew that they were a charitable organization. When I did some research on them I found out some really interesting facts and more importantly more about their mission. Did you know that 99.5% of all teachers buy essential classroom materials out of their own pocket which amounts to $485 as a n average per year? This is $1.6 Billion being spent for K-12 teaching per year.
For each product purchased, which can range from pens to notebooks, Yoobi donates an item to a Yoobi Class Pack. Yoobi Class Packs are a number of collected products that are necessary in the class room and consist of 12 Yoobi Products. Once the pack is ready to be taken to a school the Kids In Need Foundation partner up with Yoobi and help distribute these supplies in schools across the United States. They exclusively work with Elementary Schools but have products that anyone can use.
It is really interesting to see how a company that is so simple can accomplish something so great and helpful. School supplies are one of the most important tools a child needs in order to get the education the deserve. There is still much that Yoobi could do to really capitalize on giving back. Their products are only sold on their website and at Target stores. If they moved to other department stores and increased their marketing they would accomplish even more if their consumers were more aware of their mission.
Marketing and advertising can make all of the difference in the success of a company and what they do. "To create value for customers and to build meaningful relationships with them, marketers must first gain fresh, deep insights into what customers need and want. Companies use such customer insights to develop competitive advantage." (Marketing Information and Customer Insights Page 101) Although companies that do charitable things do not need to necessarily compete for profit they need to compete in making their consumers want to become a part of what they are doing. Charity is important and can really be spread if the right attention and awareness are brought to it through marketing and advertising strategies.
Friday, January 22, 2016
Week 2 EOC: Boston Consulting Group - Video Games
"Cash Cows. Cash cows are low-growth, high-share businesses or products. These established and successful SBUs need less investment to hold their market share." (Armstrong & Kotler 2011 Marketing Page 44) This is a quick way for the company to make enough money to pay their bills and take care of any other financial investments that may be important to the business. The opposing term to a Cash Cow would be the Dogs. " Dogs. Dogs are low-growth, low-share businesses and products. They may generate enough cash to maintain themselves but do not promise to be large sources of cash." (Armstrong & Kotler 2011 Marketing Page 44) It is easy to understand which one is more important. Cash Cows are the quick and reliable source that keeps the goods coming while the dogs are not really worth paying attention to. They do not hold as much promise as a cash cow and can often times be a source that needs more care and maintenance to grow, than it can produce profit.
"Question Marks. Question marks are low-share business units in high-growth markets. They require a lot of cash to hold their share, let alone increase it. Management has to think hard about which question marks it should try to build into stars and which should be phased out." (Armstrong & Kotler 2011 Marketing Page 44) The Question Mark draws the most attention from the company because it requires the most consideration. The Question Mark that is chosen can make or break whether the investment was good for the company or a complete flop.
When using this approach you must ask yourself, "Is this approach cost effective, and can the companies "SBU's" be measured?" If you can answer yes to both questions you should not have any limitations that make this approach irrelevant or inconsistent. In the case of the video game market, the BCG Analysis approach suggests that the market is growing and expanding in a healthy business aspect but may need to strengthen areas such as their Cash Cow opportunities and Stars. "Stars are high-growth, high-share businesses or products. They often need heavy investments to finance their rapid growth. Eventually their growth will slow down, and they will turn into cash cows." (Armstrong & Kotler 2011 Marketing Page 44)
"As recently as six months ago, the videogame industry was racking up strong growth even as other businesses reported sharp declines in sales and profits. U.S. videogame sales jumped 10% in January as consumers snapped up $60 to $70 games, which can bring dozens of hours of at-home family entertainment." (http://online.wsj.com/article/SB124865158612682399.html#printMode) This source was written in 2009 and boy has it changed since then.
We now have a clear insight of what brands and components of the video game industry play which role in the BCG Matrix. The Cash Cows in the industry would be the companies that have officially made a name for themselves like PlayStation, Nintendo, and Xbox. These are the big league players and they do not have to focus on being relevant because they have been for over 10 years now. The Stars are the new game release or consoles within these brands that create attention and also interact with the customer and their needs. The Question Marks are the concepts that may take time to develop like real-life simulation games and new gaming programming. The Dogs in this industry can be identified as the games or products that are not as successful and may not have a broad demographic that the industry currently produces for.
There are so any variables that drive the customers to stay loyal to a company and strictly buy their products. Quality, consistency, and creative ability all are important but there are even more sub-categories that the marketing team of the company must take into consideration. For example, "On the side of system implementations, Microsoft has somewhat locked in customers. Once a customer has purchased a console at, say for example $300, they are essentially making an investment and will most likely purchase games for that specific console in order to get their money’s worth. The games are where Microsoft makes most of its money, so the strategy works. Access to the Xbox platform is said to be ‘rigorously controlled by Xbox’, creating a barrier to entry in an already difficult to enter market. [11] Xbox developers also established a major alliance when one of the most popular game developers, EA Games. This "alliance factor" also holds true with Xbox being the only one to carry Halo and Gears of War." (http://teamxbox.wikidot.com/marketing-strategies) This is only a small fraction of what goes into decision making and investing. You can only imagine what other SBU's there are to look at in the video game industry.
Armstrong & Kotler (2011). Marketing: An Introduction, 10th Ed. Prentice Hall Publishing Page 44-47
Friday, January 15, 2016
EOC- Best Customer Service Experience
Week 1- My Voice
One day I started creating things for myself. I would take clothes that didn't fit anymore or that I couldn't stand to wear and would make them into something completely knew. The first thing I made was a shirt. I had some material that my mom had given me and decided that it would make a lovely tank top, and it did. Throughout the years I taught myself how to sew basically. Mostly through trial and error I had my successes and failures. It taught me that I could create anything that I wanted to and most importantly that I could do anything that I put my mind to. From that point on I decided that my passion would be my future career.
Now that I am in school for Fashion Retail Management I plan to absorb as much as possible to become a success in the fashion industry. I have worked for some great companies like Carter's, Coach, and now St. John Knits. My aspirations include working for St. John as a designer and eventually owning my own line and boutique in the near future. The Art Institutes is the perfect place for me because it is a place for creativity. There are other people just like me that have the same goal in mind; to fulfill their desire in pursuing their passion. However, I am not just a designer but an artist, a creator, and an admirer for all things fashion related.