the first half of class was devoted to our marketing class. Brother Eager lead the discussion, of which Team 6 presented their take on the VW New Beetle case we read over night. They did a great job, especially Brooke. She showed all the guys up with her loud and clear voice. They thought it would be best for the Marketing group to target the youth (16-30). This is actually the same decision our team came up.
Brother Eager then went on to discuss the Steps of good marketing:
Strategic Direction: Figuring out a focus for your new product or service (like the Braun [really pronounced Brown seeing that it is a German company] focused on the mouth, or teeth, or other bathroom appliances)
Identifying/Creating Consumer Need: Asking focus groups what they need or following people around and finding a need. And then filling the desire.
Ideation/Creation: Lots of testing is involved in making sure the product is right.
Consumer Validation: Will the people buy it? Surveys and more group studies will help in realizing if your idea is worth it after all. This could be done in small scale markets.
Product Launch/Roll out: If all goes well, you launch your product. Hopefully Nationally and hopefully without negative results.
Brother "E" ("Did you just call me Brother E.? Wow! That's kinda cool." -Brother Eager) Then went on to discuss, quickly, an example of how they "rolled out" (good pun, eh?) the Stuffed Crust deal for Pizza Hut. Then another example, more in detail, of the "launch" (yet another good pun) of the Kids Rocket Drinks. It did very well.
Next, we talked about Segmentation and Positioning:
Segmenting: (when you think of your friends, where you place them, Hang out friends, informative friends, helpful friends, NCMO friends etc.)
Target a particular segment: go after those inferences.
Position: Taking the segmentation and moving forward with that focus by differentiating yourself from the pack.
For example: Volvo = Safe Car
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I'm not going to talk too much about what was said in OB because Brother Holt really just went over the Syllabus (which will change, so rely on the one on iLearn) and a Powerpoint Presentation on What is OB (featured below). He did say this though, "The biggest disappointment, I have, is students who learn how to behave and don't!"
