Cyworld Case Analysis
Market Segmentation Cyworld’s market can be segmented many different ways using various factors to create the segments. Cyworld can demographically segment its market using statistics such as age, sex, and country. This can be done by breaking down Cyworld’s users based on male/female, current country of residence, and then further grouping the users into age categories of 13-18 years old, 19-29 years old, 30-39 years old, etc. Cyworld can gain information on its market by further segmenting its users based on specific aspects of the website, such as activity level, purchases, and the amount of connections. For activity level segmentation, Cyworld would categorize users based on the amount of times he/she signs
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Valuation of User Types for Cyworld Between the Cyworld user classifications of an active user, a user who spends a lot of money on the site, and a user with a lot of connections, the most valuable to Cyworld is an active user. An active user is a Cyworld member that signs-in to his/her profile on a consistent basis, multiple times per week. This type of user creates the most opportunities for Cyworld to produce income in various ways. Active users are “the ones who engage more with the system, who are more likely to interact with advertising, who are more likely to spend money on virtual goods and currency” (O’Sullivan, 2011). A user who spends a lot of money on Cyworld is valuable, but their value to Cyworld is limited to only the purchase of items. If purchasing items goes out of style and becomes an infrequent occurrence, this type of user brings about little value to the website. A user with a lot of connections, or a member that has a lot of virtual relationships with other members, comes in at a close second in terms of value brought to Cyworld. This type of user brings about a higher possibility of purchasing items for their various connections, as described previously, but just because a Cyworld user has a lot of connections does not mean that he/she actively uses the website. A user with a lot of connections that never, or rarely, signs into Cyworld contributes little value to the website. High user activity levels allow Cyworld
It works on predictions of performance that are normal to all participants and would likely occur. It is all about guessing what the competitor can or cannot do which means that the decision made will not be optimal. Decisions are based on predictions and assumptions which depend on initial conditions that are liable to sudden changes due to multiple of factors.
1) Can you identify examples of decisions about each part of the marketing mix (product, place, promotion, and pricing) that are being made in the cookie program? The Product is Girl Scout cookies as well as the Girl Scouts themselves. Since 1912 Cookie sales have played a major role in supporting the Girl Scouts organization at the council and troop levels. Being able to target certain people can be tricky sometimes specially if you don’t know what you’re doing or what your target is. You have to be able to sell yourself as well as the product and who better to sell Girl Scout cookies then young girls. The Girl Scouts mainly target the middle and upper class
Kathy Kemps, will be transitioning into a part-time role in an effort to “semi-retire” effective July 1. In this new role, she will be using her unmatched experience to lead projects for our Fine Paper and Packaging initiatives. Kathy has dedicated the past 38 years of her career to Gilbert, Fox River, & Neenah. Throughout her career she has held many roles, but she has been instrumental in Marketing for Neenah by managing Commercial Brands & Brand Revisions. We are excited to have Kathy stay on in this new role to enable us to continue benefiting from her leadership and ability. Kathy will continue to report directly to me.
It is only fair that each segment is explained briefly. Geographical segmentation is where the market is divided into different geographical units. For example, nations, regions, states, countries, cities and sometimes even neighbourhoods. Demographical segmentation divides markets based on age, life-cycle stage, gender, income, occupation and other factors. Moving on, Behavioural segmentation is where by factors like occasions, benefits, user status, and usage rate and loyalty status and last but not least, Psychographic segmentation. This segmentation variable is where the market is divided into segments like social class, lifestyle and personality.
In this short paper, this author will look at the Aldus Corporation and the company's marketing manager, Richard Strong. Despite the riskiness of the proposal, he correctly identified some foreseeable problems that required a shift in the company's market positioning strategy. In this short essay, we will examine this positioning strategy in detail as well as the other marketing issues at Aldus. As well will see in this study, while the plan was necessary due to the upcoming saturation of the existing market for professionals, the situation on the ground in the company was not geared favorably in a structural manner to facilitate the proposed transition. Had more knowledge been available of this, modifications to the plan could have made the transition much smoother. Luckily enough, Apple came to the rescue for Aldus in pairing up on some of the responsibility for helping with the market repositioning.
Cole and Parker make intense, premium, and vivid men's socks. They collaborated with an architect and outlined all their particular socks in Canada yet have their socks made in China, apparently giving them the best edge likely.
CNS noticed a need and studied it. They became experts in their target industry. They found what their customers wanted and fulfilled their need in a very unique way. A way that was quickly adapted. CNS was strategic with all their marketing and marketed in a way that would allow them to stand out and be not only noticed but sought as a problem solver. CNS focus is to build and grow business around innovative products.
Marketing Analysis: Be our guest is an established service sector business. The company rents party equipment to other businesses and individuals for varied occasions, such as marriages and parties, which makes the demand for it being cyclical. The company is known for the high quality equipment they deliver and the extra ordinary services they provide in comparison to their competitors. Over the last three years from 1994 to 1997 the net sales for Be Our Guest have increased by 11% in 1994-1995 then by 9% in 1995-1996 and by another 23% from 1996-1997. There are number of factors causing this rapid escalation in sales. Having a strategy of providing high level of service and quality developed long-term relationship with the clients. Furthermore, those loyal and satisfied customers’ help in the promotion of the business as new clients come from a word of mouth of existing clients.
Some clubs, learning communities or professional organizations that were discussed previously at the kickoff event that relate specifically to my program are the Canyon Business Club, and American Marketing Association. Regarding the likelihood of joining one of these clubs, it is likely that I will join both if I have enough spare time that permits it. The club/organization that peeked my interest the most and will be the first one I prioritize is the American Marketing Association. Marketing is my major, so I want to learn as much as I can about my future field, so that I can better myself for my career. This is possible through the American Marketing Association, for it helps those who join by providing resources such as training, and conferences
I had the opportunity to interview my professor that I had for my first business marketing class at North Central College, Professor Donnavieve Smith. Professor Smith is one of the most influential, professional, supportive professors I have had here at NCC. Professor Smith’s discipline is Business Marketing and Administration. I had the opportunity to meet with her on Monday October 3rd, in her office, in Peter and Paul Hall.
For my industry analysis marketing project I decided to study the company known as Riddell Sports Industries. John Tate Riddell, born in Georgetown, Michigan in 1885, studied at Bethany College and would go on to further his education at Yale Northwestern and the University of Chicago. For fourteen years he taught mathematics at Evanston Township High School in Evanston, Illinois. In 1929, John Tate Riddell left his job as a high school football coach and athletic director and decided to start his very own American based sports equipment company that would go on to be named after himself John T. Riddell Industry. John T. Riddell Industries, which is headquartered in the small town of Rosemont, Illinois, made its start in the athletic gear by creating the first ever removable cleat for his high school athletes. At the time football players were being faced with major difficulties due to the lack of gear they were using when they played. The weather was a huge problem for players and created obstacles that most couldn’t figure out how exactly overcome. At the time, players leather cleats were nailed to the bottom of a pair of ordinary shoes and if you were unable to have your cleats switched out to longer mud appropriate spikes before a game, you were forced to play with shoes that were dull and dangerous for players to continue using. John Tate Riddell was simply fed up with the lack of properly functioning cleats and lack of repairs so he offered a simple yet
Unlike the old days where a retiree could rest assured that they could live out the rest of their life on their pension and social security checks, the retirees of today receive their pensions paid out in a lump sum that takes the place of the pension check, but encompasses the total amount a retiree has to live on until they pass away. This creates uncertainty in the amount a retiree can spend per month, and if the total amount is sufficient to last them until they pass away. Immediate annuities help to create certainty in the financial situation of retirees. While retirees can be certain that they will receive a social security check each month, the amount of income they
Mass merchandisers sellers, grocery stores, club stores, convenience stores represent the biggest opportunity to generate combined sales. WWAV and GIS participate in highly competitive markets and have devoted substantial resources into building their presence in the national and international segments. Both of these segments are highly important into branding the products and increasing their market cap. Combined efforts, manufacturers joint ventures, consumers, products and growth efforts would be potential key success factors into the merger. Based on both companies’ yearly growth sales we forecasted the annual growth sales as follows:
Zomato is a restaurant search and discovery service established in 2008 by Deepinder Goyal and Pankaj Chaddah. It as of now works in 23 nations, including India, Australia, and Joined States. It gives data and audits on eateries, including pictures of menus where the eatery does not have its own particular site.
Improved information and marketing research technologies have spurred regionalization. This has allowed firms to produce more ________ aimed at consumers in their cities and neighborhood.