Abstract:
This course work will concentrate on marketing analysis of the world’s leading circus company Cirque du Soleil. Based on the data given it will conduct a PEST, Porter’s 5-Forces, SWOT analysis and discuss the results, together with results paper will concentrate on marketing and positioning strategies and Ansoff’s Matrix, and also recommend strategy measures for achieving sustainable economic development outcomes. It was found that, first of all, Cirque du Soleil is making a profit while most of its competitors are fail to break even. Second, with its innovative and creative productions, the Cirque stays in a distinct position that none of its competitors can compete. Third, the Cirque’s shows ease to accept by
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This course work will concentrate on marketing analysis on strategic prospective of the world’s leading circus company Cirque du Soleil. Based on the given material and found external information it will concentrate on analysis of PEST, Porters 5 analysis, SWOT and discuss the results of the findings, together with an outcome paper will concentrate on Ansoff’s Matrix analysis and recommend strategy measures for achieving sustainable economic development outcomes. 2. PEST and Porter’s 5-forces analysis PEST analysis was undertaken to determine general facts and factors that affect circus industry whether positively or negatively. Different factors were scanned, spotlighted and analyzed and some of them were listed in the outcomes.
|Positive factors |Negative factors |
|Political Factors affecting Circus Industry |
|• Political stability |• Strict pro-employee employment policy |
|• Investment (FDI) friendly policies | |
|• Well defined legislation | |
PEST analysis will be able to be utilized to help detect trends in the external environment that will eventually discover their method into the competitive environment. It gives a relation between the general and competitive environments in that weak signals in the general
A second option is to try out different formats and arenas to hold a Cirque Lite show in North American markets in order to appeal to a new audience that may not be willing to pay high ticket prices. But, this will dilute the brand and the associations already built in the loyal customers’ minds. A third option is to appeal is to a broader audience in all current markets using Cirque’s multimedia division to launch television specials that can serve as commercials for Cirque’s value proposition. The TV specials will allow broader audiences to see the value of the experience and will give Cirque employees a break from constant touring. However, Cirque cannot bring the brand to a broader audience without customer research into discount preferences and types of entertainment they seek out. So, Cirque will need to conduct research to help it understand how best structure its pricing and strengthen its value proposition to create meaningful experiences for audiences that set Cirque further apart from competitors and complementors. The TV special strategy will also serve well in the future when going to new markets to attract an audience. Therefore, Cirque should pursue this option to build its brand presence in current and new market and to attract a broader audience.
1) The competitive strategy of the ALLTEL Pavilion is largely focused on differentiation. With no substantial competitors in the geographic region, they are looking to create an “experience” for the audience and thus maintain the sustainability of the venue. They do this primarily through solid Marketing efforts. They are focused on the making the venue and each event as profitable as possible, by making it as highly visible as possible. Working within an established marketing budget of $20,000 per event, the team analyzes demographics, options, and potential ROI in order to make decisions about how to spend this money. Looking beyond each
In conclusion, this essay has outlined the six key elements of the marketing process: (i) situational analysis; (ii) market research; (iii) establishing marketing objectives; (iv) identifying target markets; (v) developing marketing strategies; and (vi) implementation,
2. List and describe three keys to Cirque du Soleil’s competitive advantage. 1. They have a product and service differentiation advantage because they consistently bring a one of a kind experience like you’ve never seen before. 2. They have a very large budget that is backed by hotel and casinos. 3. They are located in one of the biggest tourist spots in the country.
This marketing research project is developed to benefit the future development of Aulani, a Disney Resort and Spa, especially focus on green marketing perspective. In this project, the format of marketing plan is followed and it has four main parts. First, a general business description is given, having an overview of Aulani. Second, the internal business environment of Aulani is analyzed, from both fundamental principal of marketing perspective and green marketing perspective. Following is the analysis of Aulani’s external business environment, which can be divided into two parts, general environment and competitor analysis. Finally, SWOT analysis is withdrawn to conclude the previous analysis and two marketing strategies
Cirque Du Soleil’s show in Downtown Disney is a show that I have wanted to see for a very long time. The creative marketing that I have seen has made me very interested in the shows. Many of my friends and colleagues have already seen the show and have highly recommended it. “Cirque du Soleil is one of the rare companies that utterly redefine their industries. It takes the circus’s raw materials – trapeze artists, contortionists, strong men, clowns – combines them with surreal costumes, nonstop New Age music, and dazzling stagecraft, and then ties it all together with a vaguely profound theme like “ a tribute to the nomadic soul” or “a phantasmagoria of urban life”” (Kreitner, 231).
Thesis: Learning about Cirque du Soleil will help you all understand that there is more to it than just “circus stuff”. It is about talented athletes who think outside the box, use teamwork and trust to put their life in the hands of another person. All of this hard work to mesmerize and amaze a large crowd of people who appreciate the dedication put in.
Please remember that Part 1 and Part 2 of the report are each worth 50% of the total
Conduct a SWOT analysis for Carnival: what are its strengths, weaknesses, opportunities and threats? In doing so, please evaluate its major competitors.
Marketing plays the most important role for the success of a business. In this chapter, the business’ marketing objectives are laid out together with the plans or actions that will be needed to achieve these objectives. Furthermore, this chapter includes the profile of the respondents which aided the researchers to create this part of the feasibility study.
Cirque du Soleil came upwith the life cycle strategy that featured and opening in Montreal followed by North American Tour stretching over several years followed by Europe and Asia tours. They had 3 permanent shows to tap into the continuous flow of potential viewers.
There are many daily activities which are required to be performed efficiently in order to deliver the value to the customers. These include dance, drama, choreography, acrobatics and all other activities which are necessary for the execution of their performances. However, these factors might be common in other circus companies. Thereby, Cirque du Soleil’s competitive advantages are necessary for them to ensure superiority in the market.
In PEST analysis, we will look into what will be affect by the business environment. It includes political environment, economical environment, social environment and technological environment.
In this section of task I am going to discuss about strategic marketing and the role of strategic marketing.