Comparing and Contrasting between village gold class cinema tickets for two people and an iPod touch

Comparing and Contrasting between village gold class cinema tickets for two people and an iPod touch Introduction Different products in the market serve different purposes to a varied clientele. When a product is being introduced in the market, a comprehensive survey by the respective company introducing it is required. The survey entails the kind of target market that the company aims at serving, this may be done through the use of questionnaires so as to have a comprehensive feedback about how people think or perceive your product.Advertising We will write a custom essay sample on Comparing and Contrasting between village gold class cinema tickets for two people and an iPod touch specifically for you for only $16.05 $11/page Learn More For instance if you are introducing a product such as men’s suit, one will be required to conduct a survey on the type of suit mostly preferred by most men, the frequency of them wearing suits. Such kind of market surveys enables the company to have a clear line specification and a good plot on how to approach the ma rket and win the customers loyalty while still having a competitive edge over the other companies offering similar products. Similarly, to establish how your product will best suit the market needs, it important to know the market trends of different companies in the industry offering a similar product. For example, the introduction of technology could have rendered certain usages and techniques redundant and all the other organizations may have adapted the newly trends of the technology. Innovation is very key again to ensure that your company has an advantage over the others. Innovation will entail coming up with unique products serving the same purposes but in a modest manner (Silk, 2006, p. 101). Comparing and contrasting In order to compare and two products in the market, we need to look at how the different products serve varied needs in the market, the target group by the organizations selling the two products. We also need to look at the marketing strategy and share that the two products have in the market. Additionally, other factors that need to be put into consideration includes:- how best the products are advertised to consumers, the costs incurred in the production, distribution and the margin of sales obtained after selling products and the pricing of the different products. When it comes to the product target market, this entails the appeal that different products have to varied customers (Baker, 2010, p. 186). Some products may basically be manufactured targeting at meeting the needs of a certain age group or certain sex such as toys are meant for kids specifically.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Marketing approach taken for such a product will be different from those of adults. For instance, when it comes to advertising, it will be done in such a way that the kids can easily associate with such the games that kids like to pl ay. Marketing strategy being one of the basic modes to differentiate how the different products will get their way into the market entails companies concentrating on their limited resources to make the best out of them. That is looking into different opportunities in the market on how the company can increase its sales volumes at the minimum costs possible so that they can maximize on their returns expected. This is centered on the fact that the customer satisfaction is our key goal and aim (Orchard, 2007, p. 58). If a business is going to thrive in the industry, its life will depend on how the market is going to accept their product. This is the basic reason as to why most businesses will have most of their time and capital spent on making comprehensive market research. The two products in question are village gold class cinema tickets for two people and an ipod touch. These products are meant to serve different needs in the market to varied target customer groups. Village cinema h as established sites across Australia, the United States and Greece (Galbraith, 2005, p 342). Some of the cinemas operated under village cinemas branding includes:- Westfield Airport West, Century City Walk, Hobart, Crown, Jam Factory, The Mall Athens, Sunshine, Volos, Morwell, Geelong and others. Gold Class Cinemas are luxurious cinemas with varying locations across USA and Australia. They include butlered refreshments, cloakroom facilities, menu offerings and very comfortable relaxing seats. Bookings can also be made online at cinemas and comfortable seats. Village gold class cinema have used different and varying approaches to expand, and maintain their dominant market position in spite stiff competition from companies such as multiplex cinema complex, and other external factors such as increasing property prices leading to demographic change of the people living there.Advertising We will write a custom essay sample on Comparing and Contrasting between village gold class cinema tickets for two people and an iPod touch specifically for you for only $16.05 $11/page Learn More There has been consolidation with the UK market. This is specifically meant to place the cinema village in a better position to meet the different challenges facing the organization. Confining to laws of the land where a firm operates is a necessity for the better operation of an organization. This is enhanced through the follow ups of set regulations in standardizing the product and the necessary process of production. There have been constant promotions such as free tickets for two. Such special offers enhance and boost the company’s revenues. The locations different locations are meant to reach out to different consumers in the different cities and countries. Gold class cinema is best suited for two and even more because of their different combinations with bars, sporting events, home cinemas, travel and restraints. Following the technological advancem ent, online reputation management has worked to save the various firms. It is usually labor intensive but fast in its effectiveness as it takes a short time of operation. Some of the other strengths may include the obtaining of a liquor license giving the cinema a competitive edge. An iPod touch is an ipod which has a high-resolution display, HD video recording, Face Time video calling, Game centre (handheld game console), music (portable media player), personal digital assistant. Also, the ipod enables photo printing, email, access of web pages, wireless stream music, video to apple TV and air play enabled speakers or receivers. Ipod touch has increasingly continued to thrive hard in the industry by its consistent dynamism over the years through coming up with appealing products, which are also highly competitive in the market. For instance, it revolutionized era of mp3 and the biggest or largest computer companies has major interests in the digital music industry. In spite of the varied challenges that it has faced in the market such imitators and pirates who flood the market with imitation bringing the quality of the products down. The loyal consumers also loose trust in the products since they cannot substantiate or differentiate them.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The newest ipods are unique from what the market offered earlier on. They are both for instance powered by dual ARM processor and a brand new version of portal player, the music player. Their different innovations have enabled the company thrive very well in the market. Other comparisons and contrasts include:- Advertising The most effective mode of advertisement used by both companies is through printing of adverts, use of the internet for posting adverts since they market their products world wide especially an ipod touch. Ipod touch advertises through the use of television since this gives the viewer a vivid picture of how the gadget works and looks like. Village cinema gold touch uses print media as the basic mode of advertisement. Target market The two companies are focused on the entertainment market. Village gold class cinema is meant for movie and theatre lovers, and the ipod is multipurpose as it can be used as a phone music device and can also down load movies (Miles Snow , 2003, p. 66). The ipod has catered for the needs of different target age groups as it has games for the kids, and other special features can be used by both teenagers and adults. Village gold class cinema tickets for two people are mostly meant for couples. Cost The costs attributed to the products proudly differ. For instance the manufacturing costs, which determines the selling prices of the products differ significantly. The raw materials used have different costs attached to them and hence the differing selling prices. References Baker, M. J. (2010). The Strategic Marketing Plan Audit: a detailed top management review of every aspect of your Company’s marketing strategy. Axminster, Devon: Campridge Strategy Publication.. Galbraith, J. R. (2005). Designing the customer-centric organization: a guide to strategy, structure, and process. San Francisco: Jossey-Bass A Wiley Imprint. Miles, R. E., Snow, C. C. (2003). Organizational strategy, structure, and process . Stanford, Calif.: Stanford University Press. Orchard, T. (2007). A History of the iPod: 2005 to Present. Low End Mac: Worth It!. Retrieved from http://lowendmac.com/2013/ipod-history-2005-present/ Silk, A. J. (2006). What is marketing? Boston, Mass.: Harvard Business School Press.

How To Solve Marketing Problems By Thinking Like A Startup

How To Solve Marketing Problems By Thinking Like A Startup You could probably name off a bajillion marketing problems in five minutes if I let you. The thing is,  you can solve a lot of those problems by thinking a little more like a startup and a lot less like a corporate company. Trust me on this. Its been a year and a half now since I became employee #5 at a then-one-year-old startup called . Before that, I was one of 2,000+ employees in a corporate company. Talk about a change of pace. What I used to do in seven  months in a corporate marketing team, I was now doing in three days. Literally. How To Solve Big #Marketing Problems By Thinking Like A StartupLooking back has been super eye-opening. And that curiosity got me  thinking: How is it possible that a startup with way less resources can create effective content more efficiently than a corporate company with seemingly endless resources? Answering  that question led me to analyze some of the biggest marketing problems  behind  prioritizing work, managing projects, and hitting deadlines. So here are the biggest truths corporate marketing teams could learn from a marketer in a startup to: Empower every member of your marketing team to become a rock star. Create content better and faster than ever before. Foster  a disruptive culture that publishes consistently and free of office bureaucracy. Its going to get deep here. Lessons learned from a year and a half of  #startup marketing.Problem #1: You  Need A Documented  Marketing  Strategy  Before You Start The thing that sucks right now:  Without publishing any content in the first place, that documented strategy of yours is just a big huge guess. Thats a lot of effort  you put into an internal document that doesnt  directly reach your audience. And that means theres absolutely no payout from it right now. :/ The  startup solution:  Start with clearly defined goal and a minimum viable plan. Give your team  a purpose and let them loose. Heres something for you to chew on: Some people  have a vested interest in selling you on all the reasons why you need a documented  strategy. Thats because that is the service they sell you through content marketing. Marketing plans are a nice  way to make you  feel like youve accomplished something without actually showing your audience the  value. Theres no way to literally know  if the strategy in your  plan will be successful or not. The truth is that you need to publish, analyze your success, and learn from your mistakes and successes to improve. In Poke The Box, Seth Godin advocates this idea  by writing: If you don’t ship, you actually haven’t started anything at all. At some point, your work has to intersect with the market. At some point, you need feedback as to whether or not it worked. Otherwise, it’s merely a hobby. In reality, you can start now by simply defining your  goal- the purpose- of what youd like to accomplish with content marketing. Then you can simply brainstorm the ways you could accomplish that goal, prioritize your project list, understand how youll measure success, and start creating content. Our co-founder, Garrett, constantly reminds all of us at that: The simplest approach is often the best place to start. So this isnt about creating content without strategy. Its that your strategy can be as simple as  focusing on inbound traffic to start because you cant convert readers who dont exist. You can use  survey data or blog comments to understand your audience without writing formal personas. You can prioritize your projects using an Evernote note and a few bullet points instead of investing in a professionally-designed strategic document that essentially carves your project  roadmap into stone without wiggle room to analyze what works and what doesnt. You can  improve your strategy as you analyze the results from the content you publish. Use the lean startup process to solve your #marketing problems.From there, look at your contents success or failure, learn from the data, and iterate. This concept is an applied theory from Eric Ries, who wrote  The Lean Startup. In that book, Eric mentions that startups can move faster with a simple, iterative process that helps your customers participate in building your product or service. It looks a bit like this: When you apply that concept to managing your marketing, it looks a bit like this: Focus on publishing content and iterating on what you know really works. The best time to start is now. Recommended Reading:  How To Track Your Marketing Objectives To Focus On Success Problem #2: Prevent Fires Instead Of Putting Them Out The thing that sucks right now: You feel like you need to take on every project you get asked to help out with. Its tough to say no to one-off projects when youre seen as a service center instead of a strategic part of your companys growth. In other words, you cant  complete strategic projects because emergencies  consume your work week. The startup solution: Rock an agile scrum and sprint process that prevents your team from being pulled off of your strategic projects because of someone elses lack of planning. Startups are known for being disruptive. One of the ways they make sure theyll ship on time is by following  agile processes that keep them 100% focused on projects that will  make a measurable difference. This process is often sprint planning combined with daily scrum meetings. And you can apply this same approach to your marketing: A scrum master, most likely you, assigns the team the complete list of projects theyll take on in a certain period of time. Thats usually the next two weeks. The team works together to agree on what projects will get done, when theyll be done, and how much  effort it will take. Once the team commits to the projects and deadlines, they will ship on time no matter what. When other hot projects come up, only the scrum master has the ability to stop or change projects in mid-sprint. That means that no one- not even your CEO- can steal time or take your team off the current sprint. That means your team stays focused while you plan the new requests into upcoming sprints.  That helps  everyone focus on  the right projects and gives you time to strategically determine which new projects to take on before you jump into  executing. Theres a saying Ive  seen around that goes something like this: Your lack of planning doesnt mean an emergency for me. Plan your work. Work your plan. Avoid the fire drills. Problem #3: But That Would Never Work Around Here And Projects Get Thrashed The Day Before Launch Heres a two-in-one for ya: The thing that sucks right now: You just read through the solution to problem #2 and you thought to yourself, Yeah, right! If I told our CEO that I wasnt going to complete her project first thing, shed be pissed. So the real problem is that you havent  gotten approval to manage your team your way without exceptions. The startup solution: Thrash your projects before you create them. Then get your sign-off- in writing if you have to- that youll ship  your way and on your deadline. Seth Godin has worked with huge corporate companies and came across this problem  a lot in his early professional life. His solution? Define the day youll ship. Youll publish on this day no matter what happens. Write down every single idea that could possibly funnel into your project. Get anyone involved who wants to be. Seth says, This is their big chance. Thrash and dream. Seth says, People focus on emergencies, not urgencies, and getting yourself (and them) to  stop working on tomorrows deadline and pitch in now isnt easy. Help your team decide what theyll create in the time frame available. Enter all of your ideas into a database. Then let everyone thrash your project before you even begin. Seth says, Make sure everyone understands that this is  the very last chance they have to make the project better. Create a blueprint of all the remaining ideas that will funnel into your project. Show the blueprint to the big wigs and ask, If I deliver what you approved, on budget and on time, will you ship it?' Dont move forward until you get your yes. Once you get your yes, build your project your way and ship on time. This process, as Seth outlines in Linch Pin, works well for both laying out how you want to manage your team (with sprints and the agile scrum process) and for managing single projects. Get approval- even if you have to get  something signed- then build. In their book, Sprint, Jake Knapp, John Zeratsky, and Braden Kowitz  explain that getting approval to create projects  that are on point from the start and end with a thrash-free process begin with  approval from a Decider. In this context, the Decider is someone who has  the potential to call shenanigans at the end of a project. So Jake and Co. went so far as to get written confirmation that their project would ship on time: In one sprint, the CEO send the design director an email that read, I hereby grant you all decision-making authority for this project. Absurd? Yes. Effective? Absolutely. This official power transfer added tremendous clarity While the process that Seth follows and the special design sprints that Jake and his team run are dramatically different, they have one thing in common: Get  approval, then work. Ship on time, every time. Problem #4.  Your Team Isnt Focused On The  Projects That Produce Repeatable, Measurable  Results The thing that sucks right now: You have so many things you could do, you have no idea how to prioritize them. To top it off, you have goals- like selling more- but you have no idea what specific projects are producing the best results and which ones you should stop doing. The startup solution: Concentrate  100% of  your resources on your 10x growth projects  and nothing else. I had the opportunity to listen to a  chief financial officer  speak about setting goals.  This guy talked about knowing your number, essentially saying: Everyone on your team should know  your goals and how they contribute to them. The only department  excluded from this is marketing. I remember getting super amped about becoming a data-driven marketer, and then being super disappointed by his last sentence. I even argued with the guy about it after he spoke! Its time to prove that #marketing is a revenue generator instead of a necessary cost center.The truth is, marketing can and should be very data driven. And every project should be measured against a clearly defined goal or you shouldnt do it. The first step is assessing what your gut is telling you is working, and understanding whats just a bunch of busywork. Create a list of all the projects you do on a regular basis, then ask yourself two simple questions: Is this on my to-do list simply because Ive always done it? What would happen if I stopped doing this project? From here, determine which projects are generating the biggest results toward your goals and replicate their success. Set up and track your goals for every project you take on with a tool like Google Analytics. Then simply stop doing the projects that are dead ends. Recommended Reading:  How To Boost Your Efficiency With A Content Strategy That Will Quadruple Your Results Problem #5: Your Content Approval Process  Needs An Approval Process The thing that sucks right now: The content you publish on a regular basis takes forever to finalize because you have too many people involved in your process. The startup solution: Give total publishing authority to your editor. Take everyone  involved in an approval process out of your workflow. Ive been loving a post from Jay Acunzo  ever since he published last year. Jay used to work at Google where he saw a pod structure applied to the sales team, and he  wrote about applying that same idea to a content marketing team. Heres a very memorable quote: team be huge, team be slow, team is gonna totally blow. So Jay advocates removing any unnecessary people from your process and focusing on three  key roles: Strategist: You, the person who has the vision, knows what to measure and how to do it, and plans the sprints your team will take on. Producer: The creative folks who actually make your content a reality. They turn strategy into assets. Marketer: The person who shares your content with the world. While you might have a few producers (lets say a writer, designer, or videographer), youll notice that Google doesnt focus on an approval person. The strategist- or editor- takes on that role by analyzing what works and what doesnt. Approval processes slow you down, make you miss your deadlines, and create a negative culture that feels like, They dont trust me. Use the steps from problem #3 to give yourself 100% control over what you create. Publish now, apologize later. Ask for forgiveness instead of approval.Empower your team to lead, make mistakes, fail fast, learn often, and repeat. Shooting for perfection is imperfect. Recommended Reading:  How To Rock A Content Development Process That Will Save You Tons Of Time Problem #6: Foster A Disruptive, Creative Culture The thing that sucks right now: Your company expects creatives to maintain status quo, work in a drab office, and show up from 8–5. Since youre a creative reading about marketing problems, you probably dont want to be doing whatever you should be doing right now. so does being  physically present in an office from  8–5 really make you more productive? The startup solution: Value diverse experiences and working styles. Look for team members who have more ambition than you. Dont track vacation time. Dont  demand that your team be omnipresent from  8–5 in the office. Jason Fried  gave one of the most popular TED Talks of all time: You know what Jason  found? Being present in an office does not necessarily equate to being productive. Go figure. Instead, look to build a team of people who have never fit in anywhere else. Find the misfits who just may work well together. Theyll be the ones who challenge the status quo to  create something you never thought was possible. So your designer wants to work from a coffee shop once in a while. Great. Your marketer needs to work from home because day care fell through. Fine. 4 p.m. on Friday rolls around and the team wants to share a beer together. Excellent. Thats actually been proven to increase creativity, by the way. Quit thinking theres a difference between work life and personal life. Its just one. And you choose to do what you do every day. Theres no difference between work and personal life. Its just one.Foster an environment that your team will love to come back to every morning. Respect their opinions and let them complete their work  the way that works best for them. After all, does it matter how things get done as long as you reach your goals together? What Are Your Marketing Problems? These were some of the marketing problems Ive experienced in the past and the ways Ive overcome them since joining . Id love to hear more about the challenges youre facing and your plans to resolve them. Let me know in the comments!