Brain Juice: Captivating Creativity and Rejuvenating the Brain
Executive Summary BrainJuice, the singular product offering of Austin, Texas based AlphaWave Labs, came onto the market with very little promotion or marketing. Even after its entry into the market, the product has had little push from the firm itself to bolster sales or retain customers. The product is strong, as it is an all-natural alternative to prescription medication or energy drinks designed to help with focus. However, the strategy with which it has been marketed has almost failed to exist, necessitating an overhaul of the approach to increase revenues and secure enduring clientele. With promotional strategies amongst college campuses, more diverse customer
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Thus, listed beliefs like “We believe America is on too many pharmaceuticals, most of which mask symptoms,” will be reworked to promote all-natural products, but not while judging the medicinal intake of others. The beliefs should focus more on BrainJuice, in asserting things like “We believe in the wholesome approach to treating attention difficulties with safe, all-natural products.” Moreover, the core principles of the company are all questions that the firm and the employees can ask internally to ensure quality and ethical standards. These core principles cover the areas of integrity, health, service, humility and play. The overarching idea that the company is responsible to the customer and to its investors in terms of success will remain relevant, even with a marketing plan in place, as the need to find a healthy medium between science, customer service and employee satisfaction cannot be understated. However, the focus on making it fun and playful needs to be replaced by a notion of being fulfilling or satisfying, as opposed to fun. AlphaWave Labs needs to be a desirable workplace, especially as the company continues to grow; however, the focus cannot be on fun if the company wants to remain viable amongst stiff competition with far more years of experience and far deeper pockets.
Situation Analysis (SWOT)
Marketing is essential for every business, be it a small household business or a large multinational group. All businesses depend on marketing in one way or the other. Setting of goals according to entrepreneur’s visions marks the starting o f the plan. It is better to do proper research and documentation before launching a product in the market or else the results will not be according to one’s thinking. Raymond Morose is the owner of Pet Palace and has been running this business for the last 44 years (Manta, 2010). Raymond Morose is running the business with a small staff but is very clear about his goals, as he has set his goals according to SMART approach. SMART stands for specific, measurable, achievable, relevant, and time-based and
Prepare a marketing plan for Burt’s Bees to further their presence in Scandinavian and Nordic countries.
Margaret Talbot “From Brain Gain: The underground world of “Neuroenhancing” Drugs” aims to illustrate how the use of neurotransmitters are in the college setting in attempt to aid college students with their busy lives. Using an unbiased tone, relatable people, and comparisons to convey her message, she creates a very realistic view of the current use or abuse of “brain-boosting” drugs.
The pharmaceutical industry along with the manufacturers of healthcare products and technologies often encourage the misappropriation and distribution of marginally beneficial products and technologies in the healthcare industry. These companies often use various advertising methods to influence members of the public to request their products and services without adequate knowledge of their effectiveness and implications to their medical condition.
Sandra P. Thomas said in her short story “The debate about ‘Neuroenhancement’” that “In a study of more than 10,000 college students, rates were as high as 25% at some schools.” The use of such drugs are more likely seen in universities rather than community colleges. People who take neuroenhancement drugs may feel as if they have to since college is so competitiveness to get into. Neuroenhancement drugs are starting to become more popular. Thomas asked “Readers are you seeing young people in your clinical practice who are misusing stimulants?” Adderall, Ritalin, and Provigil are all drugs that people use to enhance the brain. Adderall and Ritalin are the most commonly used drug. Thomas stated in her essay that “The authors, prominent professors at institutions such as Stanford and Harvard, suggest that the drugs will prove ‘increasingly useful for improved quality of life and extended work productivity’” (669). Because neuroenhancing drugs are easily available, college students often use them despite the potential dangers posed by taking them without a prescription.
This week’s readings were about drug addiction and a brain training scam. The article about Lumosity –a brain training program – was interesting because there are numerous programs and products out there that claim to improve brain performance. It reminded me of “brain clinics” in Roswell, where I live, and their extraordinary claims to cure people of ADHD and such. Even though the FTC filed a complaint against Lumosity, it is unfortunate that people take advantage of consumers who have basic or low health literacy skills, or who are desperate for a solution. Although Lumosity already has a negative reputation with the FTC, they probably have found other ways to lure people into paying for their brain training services. I was wondering if there
When accepting a position with Laboratory Corporations of America (LabCorp), I was unaware of just how important what our company does on a daily basis is. Our motto is Innovation, Quality, and Convenience (LabCorp, 2015). LabCorp’s story is about all of the hard work and dedication that goes into diagnosing someone correctly from something as simple as an allergy or a life-threatening disease. A story is something that is true, repeated, and emphasizes something with particular value (Kinicki & Williams, 2013). Innovation is the backbone of my organization. With breakthroughs in Science happening every day, LabCorp is committed to being a state-of-the-art testing facility. We are constantly looking for new ways to test illnesses- one of the
In 2009, Calvin R. Sumner worked full-time at Lilly USA, LLC and is a minor stock shareholder. Now Sumner is working for Biobehavioral Diagnostics Company. Susan Gathercole is the Unit Director at the MRC Cognition and Brain Sciences Unit. Linda Wietecha and David Williams were also working at Lilly USA, LLC, while this paper was being put together. They were also minor stock shareholders. Millie Hollandbeck was a full-time worker for Lilly USA, LLC. As a clinical investigator for Eli Lilly and Company, Michael Greenbaum, has been quite busy since 2009. Michael was also a speaker’s bureau for Eli Lilly and Company. Richard Rubin has done and accepted many things from Eli Lilly and Company. Richard has accepted research grants, he was involved
Owned by Macquarie Leisure Trust Group, it serves local, interstate as well as overseas visitors, with the slogan 'So Many Worlds In One'. Dreamworld is located in Coomera, Gold Coast in Queensland.
When evaluating Gatorade’s Drive energy drink, the product lifecycle will continue to change as the product reaches different stages in the cycle. As a result, Drive energy drinks will go through an introductory cycle, a growth cycle, a maturity cycle, and then show decline as the product becomes faded by the introduction of competitive products. As a result, Gatorade must continue to alter the company’s marketing mix.
When Quiksilver announced the start of its women line Roxy in 1990, they defined the brand as a “fun, bold, athletic, daring and classy” brand for young women. Market segmentation is a crucial marketing strategy and Roxy utilizes the four bases that are commonly used for segmenting consumer markets including geographic, demographic, psychographic, and benefits sought segmentation. The geographic segmentation is ideally unlimited for the Roxy target market because the brand offers clothes for both warm and cold weather, however, it focuses mainly on the “beach lifestyle” and is generally more popular in beach towns. The demographic segmentation of the Roxy brand, is aimed to attract young women between the
The JTA’s marketing plan is to increase the choice riders, the millennials, and the aging baby boomers by 15% during the next year. The actual JTA’s strategy marketing plan to attract and retain choice riders and millennials is the followings:
There are over 1.1 million men and woman amateur and pro bodybuilders alone in the United States. The IFBB has competitors age ranges from as young as 16 years to as old as 83 within a range categories for competition, The NutiBullet Pro is a necessary tool to assist the competitors in preparing for competitions fulfilling a need for a quick, convenient and easy way for bodybuilders to create their protein shakes, whey smoothies or one of their required 6 to 7 meals a day.
Evio is the new product by Coca-Cola, which maintains the good taste of diet coke, and meanwhile, provides great energy for the consumers. Especially, Evio contains much less calories and sugar than diet coke. The new product is especially targeted at young consumers aged 25-40, who pursues a healthy and energetic lifestyle. Evio will be offered in several key markets like the US, Australia and China. In the recent years, the major cause for Coca-Cola’s market decline was that people pay attention to importance of health and turned to healthier drinks with fewer calories (Kell n. pag.). Therefore, Coca-Cola is likely to benefit from Evio in three aspects. First, Evio will update consumers’ understanding of Coke.
In general terms, marketing is all related to the places of buying and selling of goods and services to satisfy customers’ needs. Nowadays marketing is the most important issues for success of every business marketing is the activity, set of institution, and process for creating, communicating, delivering, and