Wednesday, November 23, 2016

Conclusion

In my final post, I will be critically evaluating the course in which I wrote these blogs. This includes
how learning objectives and outcomes have pertained to previous blogs, and work within and outside of a class setting. I am happy to say that I have learned a great deal about marketing. Throughout my blogs, I have shown my knowledge of the subject and used it in real life examples.
            Using key concepts to make business decisions and evaluate outcomes is a large part of marketing. In my “What Can Adidas Do for the NHL” blog, I mentioned the evaluation for a possibility of increasing profit for Adidas and the league. By choosing Adidas as the new manufacturer for the NHL jersey line, it can increase interest and possibly profit for both partners. Adidas had to look at their new target market and opportunities within the new market. It is too early for them to evaluate their outcomes for their new deal with the NHL, except to note their success in making the jerseys for the World Cup of Hockey. A lot of hockey fans were excited by the new and improved looks that players wore in during this exciting event.
      
      The marketing mix is also known as the four p’s of marketing: product, place, price, and promotion. For each ad presentation, I would present the marketing mix of each ad. For previous blogs, I have mentioned marketing mixes too. For example, my first blog of the World Cup of Hockey mentions each of the p’s.  It also mentions the target market of the World Cup of Hockey, which was current hockey fans. A target market is a particular group of potential consumers that the ad is aimed at. Consumer behavior was also used within the World Cup of Hockey. Service marketing and social media marketing were dealt within my blog on “The Unlikely Duo of Twitter and Thursday Night Football”. Twitter began to stream Thursday Night Football games, as a service, instead of a product. The social media company also promoted their product on their site, by using social media marketing strategies. In my NHL Centennial blog, I mention how strategic and financial implications of marketing decisions will affect the league as a whole, along with other events taking place within the celebration.
            Within the course, I explored ethical issues confronting marketing managers, and recognized legal and ethical responsibilities of marketing managers. My first ad was a poster by Granger pipe tobacco. Granger used a professional hockey player to promote an opinion leader strategy. In the 1950’s, tobacco was not an ethical issue because most people were still very accustomed to smoking it. Also during this time, studies were beginning to expose the negative impacts of tobacco for user and consumers. Now, promoting tobacco for a professional athlete would be illegal and unethical of that professional athlete. They are seen as role models and opinion leaders, so they will be more at fault than the company for agreeing to promote the product.
            During the semester, my group and I worked on a Marketing for a Cause project. We used our marketing experience and work with financial information and ratios to create an effective event and campaign. In our event, we sought out Saint Michael’s students as our target market and strategically sold baked goods to consumers on campus. Using our knowledge of consumer behavior, we chose to focus our efforts on making autumn treats, in order for consumers to be in the state of mind to purchase our products. Using financial information, we planned out our event in order to make a profit, which we donated to Hope Happens Here. This is an organization, which raises money and awareness of mental health issues, primarily for student-athletes. We were proud to have helped raise money and awareness for this great cause.  Individually, my research on marketing news and application of the terms for these blogs were a way to prove my understanding of the material.
            Working with Hope Happens Here was a great honor for my teammates and me within this project. It was definitely the most rewarding and fulfilling experience in the course. TED talks and ad presentations helped my classmates and me feel more comfortable speaking in formal attire and in front of groups. The marketing news and class discussions were useful in their application of the marketing terms that we learned from the textbook.


            Thanks for tuning in and following along throughout my studying and application of my marketing education!

Sunday, October 30, 2016

What Adidas Can Do for the NHL

At the start of the 2017-2018 season, the NHL will begin to wear jerseys created and manufactured by Adidas, not Reebok.  Reebok has been outfitting the league since 2007.  Along with Reebok, Bauer controls the largest portion of the market share.  If Reebok and Bauer have the best history and the most of the market share, then the new choice of Adidas is a questionable decision by the NHL.  Adidas does not have a history in Hockey, so we have to wonder what changes may come for the league and the company’s connection to hockey.  It seems likely that they may stay focused on jerseys and not venture too far into equipment manufacturing.  On the other hand, if Adidas were to enter the hockey equipment world, it is beginning to build its brand name and brand equity within the market.
         
   Adidas does not have the most experience in hockey, but it does have some.  It has been making jerseys for college hockey teams for a couple of years, like the University of Michigan (left), and it is not too uncommon for them to be making jerseys on a larger scale.  This large scale began in August of 2016.  The first sighting of the Adidas hockey jerseys were at the World Cup of Hockey.  The new styles of jerseys were very modern and it seemed to meet expectations.  The NHL could probably use a make over with their logos and jerseys, and it seems that Adidas has the smarts and style to be the company to do so.
            A glimpse into what some logos and jerseys may look like in the future could be the new look of the Florida Panthers.  The team released their new logo and jerseys at the end of last season.  It consists of a fresh and modern take on their old logo.  The new look resembles more of the jerseys that we saw at the World Cup of Hockey than it does the rest of the league’s current jerseys. 
            Something that we should be on the lookout for with the new jersey provider is the possibility of ads on the jerseys like many European leagues.  In recent news, the NBA has decided that next season, it will allow companies to buy a part of the jersey for promotion.  This new opportunity for advertising may begin to spread throughout the other three major sports leagues in the United States.  The change in jersey providers for the NHL could be a large step in that direction.  The NHL is becoming more popular and it would make sense for the league to make use of their growth in viewership and fandom to create a new avenue for profit. 


            Adidas could use this new partnership for a brand extension into the hockey market.  If the jerseys were to become more modern, like the Florida Panther’s or World Cup of Hockey jerseys, then it would be a great platform for the NHL and Adidas to create more profit for both organizations.  The new business partnership between the NHL and Adidas is unexpected and the changes to come may also be surprising.


Saturday, October 15, 2016

NHL Centennial: Once in a Lifetime Event

The National Hockey league will be entering its 100th year in existence beginning in 2017.  The NHL is a great organization and is responsible for some incredible players and moments that took part throughout the long history of the sport and the league.  Out of the four major sports leagues in the United States, the NHL has been in existence the second longest.  While Major League Baseball has been the oldest in existence, the National Football League and National Basketball Association were both founded after the NHL. 
            The league has many different promotions ready for the start of the centennial year.  The most prominent of all is introducing the “leagues all-time leading scorer”, Wayne Gretzky (shown in the image to the right), as the ambassador for the centennial year and all events included (CBS Sports).  By announcing Wayne Gretzky as the ambassador the celebration, the league will be using the “opinion leader” approach to gain momentum and bring some excitement to the festivities.

            Along with announcing Gretzky as the ambassador, the league will host a large array of event that will also help to promote the centennial year.  These events include many games that bring attention to history, rivalries, and expansions.  The first game that will be played in the centennial year is the NHL Centennial Classic, usually named the Winter Classic, which includes two original six teams, the Toronto Maple Leafs and the Detroit Red Wings, taking place in Toronto.  Other events include outdoor games that will reiterate the strong history of the NHL by posing long time rivals against each other.  The two games include competitions between the St. Louis Blues and the Chicago Blackhawks, and the Pittsburgh Penguins and Philadelphia Flyers.  The Los Angeles Kings will also host an event along side the league to help show the expansion out to the southwestern region of the United States. 
            Another event that will take place is the NHL awards, which be hosted in Las Vegas.  The league will have a team based out of Las Vegas for the first time that will start league play in the 2017-2018 season.  Also, the NHL draft will take place in Chicago, which is has a long history of being known for its hockey history since it is one of the original six teams.
            The product that is being promoted is the NHL celebration.  The product will not just be one event or one time, but many different events as you can see.  The place will also be in many locations to provide outlets for the NHL and the centennial year.  The price will vary, as the different events will include different products, like outdoor games, awards, and the draft.  At each of the games, there will be different videos and showings of the NHL’s centennial year to help to provide some background for the long history. 

            By having different locations and events, more people will have the chance to take part in the celebration.    The target market for these events and celebrations will be primarily existing hockey fans, while the tickets and opportunities are open to anyone who wants to go.  The yearlong celebration by the NHL is smart and may lead to attracting new hockey fans.  By having many events and opportunities for different regional markets, the NHL is welcoming any and all that want to be a part of this one in a lifetime chance.

Thursday, September 15, 2016

The Unlikely Duo of Twitter and Thursday Night Football

Twitter is now the newest platform to view National Football League games.  Twitter has created a new feature to use for “Apple TV, Amazon Fire, and Microsoft’s Xbox One” (Benner, 2016).  It will also be available for through smartphones, laptops, tablets, etc.  At this time, it will only be airing the Thursday Night football games, not all games.  It will also air sporting events of the MLB, Pac-10 athletic collegiate conference, and a few other sources of entertainment. 
            So, you are probably getting a pretty clear picture of what the product is by now.  It can hook right up to your streaming device or through your smartphone and bring you live entertainment by multiple sources and sports.  What makes this any better than another experience?  That could probably be answered by taking a peek at the price.
            At this point, you are probably asking yourself, “What’s the catch?”  There is no catch!  The app is free!  That’s right, the price of the new feature that allows someone to stream live entertainment, such as Thursday Night Football, is free!  You do not need to buy an Apple TV or smartphone, but just download the app for this new service by twitter.
            It also couldn’t be easier to catch the free, live streaming action.  As mentioned above, it is offered through devices like Apple TV and smartphones.  This means that the action could take place in the comfort of your own home.  The product is relatively new though.  It was just released on Wednesday.  The places that the app is available are thestreaming devices mentioned in the opening paragraph.
            Since twitter is a social media platform, then what is it doing streaming live events on Apple TV, or Amazon Fire?  This answer can be found in the new strategy of the company.  A strategy is commonly known as a plan or plan of action for the long-term goals of a company.  This new app is a step in the right direction of hopefully achieving the goal to “increase its user base” (Benner, 2016).  The company plans to reach this goal by “drawing a large mainstream audience” (Benner, 2016).  Twitter is hoping that their new strategy will be able to reach more audiences that are not familiar with, or do not care much for, their main product, which is a social media platform. 
            However, Twitter is taking a fairly large risk on their venture into this new territory.  Twitter will be paying the NFL “around $1 Million a game” for their streaming rights, which they beat Facebook for (Benner, 2016).  Since the risk is large, the profit that they are hoping for will be larger.  The profit is the reward a company receives in exchange for undertaking a risk and creating something of value within the offerings. 
            If Twitter came to this strategy decision by environmental scanning, they most likely focused on the social, technological, and competitive forces over the economy and regulatory forces.  The new technology was innovated by companies like Apple and Amazon to reach a new audience.  Then the new features for these devices were invented and Twitter was forced to keep up.  This new audience created the social forces that helped Twitter to see the wave of new customers that use things like Apple TV over regular cable television.  Finally, they had to beat out large players like Facebook and other technologically advanced companies in order to gain the rights to stream the NFL games.
            This new service by Twitter is very new and very exciting.  It is definitely different for social media company to be expanding into this area of technology. 

References:


Benner, Katie. "New Twitter App Streams N.F.L. Games and Other Sports." N.p., 14 Sept. 2016. Web. 15 Sept. 2016. <http://www.nytimes.com/2016/09/15/technology/new-twitter-app-streams-nfl-games-and-other-sports.html?ref=business&_r=0>.