Wednesday, May 25, 2016
Product
A product is: "Anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need." (Marketing: An Introduction p.208). Guyros are an interesting product, it isn't just a food, it isn't just a complimentary food to go with alcohol. When the consumer takes their first bite of a Guyro we want it to be part of the experience of going to a bar or sport bar with some buddies. “Quality has a direct impact on product or service performance." (Marketing: An Introduction p. 214). We want Guyros to be a high quality delicious and intense snack that will replace chips and other salty snacks when people make a trip to the bar or sport bar with friends.
Target Market Strategy
"Companies can target very broadly (undifferentiated marketing), very narrowly (micromarketing), or somewhere in between (differentiated or concentrated marketing)." (Marketing: An Introduction p. 186)
I think we would market Guyros on more of a micromarketing level. The entire theme behind Guyros revolves around the experience of hanging out with friends at a bar or sports bar. “Consumer purchases are influenced strongly by cultural, social, personal, and psychological characteristics..." (Marketing: an Introduction p. 137). The experience of watching a sporting event with a bunch of friends is something Guyros thrive on, we want further that experience for the consumer and make it more enjoyable. “Observational research involves gathering primary data by observing relevant people, actions, and situations.” (Marketing: an Introduction p. 110). To make sure that this theme would be successful, we would have to do some observational research within these environments to be 100% sure.
I think we would market Guyros on more of a micromarketing level. The entire theme behind Guyros revolves around the experience of hanging out with friends at a bar or sports bar. “Consumer purchases are influenced strongly by cultural, social, personal, and psychological characteristics..." (Marketing: an Introduction p. 137). The experience of watching a sporting event with a bunch of friends is something Guyros thrive on, we want further that experience for the consumer and make it more enjoyable. “Observational research involves gathering primary data by observing relevant people, actions, and situations.” (Marketing: an Introduction p. 110). To make sure that this theme would be successful, we would have to do some observational research within these environments to be 100% sure.
Situation or SWOT Analysis
"The marketer should conduct a SWOT analysis, by which it evaluates
the company’s overall strengths (S), weaknesses (W), opportunities (O), and
threats (T)". (Marketing: An Introduction p. 54)
“Strengths include internal capabilities, resources, positive situational factors that may help the company to serve its customers and achieve its objectives.” (Marketing: An Introduction p. 54). Our primary demographic that would your stereotypical jock a “manly man” or even the consumer that enjoys that lifestyle. These people would be very prominent within a sport bar environment. This theme would be our strength. “Weaknesses include internal limitations and negative situational factors that may interfere with the company’s performance.” (Marketing: An Introduction p. 54), our weakness would probably be bars that don't tend to this demographic very. Luckily for us, most of our partners will probably be sport bars specifically. “Opportunities are favorable factors or trends in the external environment that the company may be able to exploit to its advantage.” (Marketing: An Introduction p. 54). We have many opportunities to work with various bars and sports bars to
bring an intensely delicious snack to their customers that will
leave them wanting more. “Threats are unfavorable external factors or trends that may present challenges to performance.” (Marketing: An Introduction p. 54) I think possible threats we may face would probably involve dealing with the bars and sports bars and making negotiations with them.
Objectives
"Some companies offer less service than their competitors and charge a lower price. Other companies offer more service and charge higher prices to cover higher costs." (Marketing: An Introduction p.329) The idea of Guyros revolves around the experience, we want to enhance the experience of hanging out with friends at the bar. To make this possible it we would want a good quality snack but not have the price be overbearing for a group of friends to get their snack on.
Business Mission Statement
"A mission statement is a statement of the organization’s purpose—what it wants to accomplish in the larger environment. " (Marketing: An Introduction p.39)
“An organization exists to accomplish something, and this purpose should be clearly stated.” (Marketing: An Introduction p. 39)
Phileas Fogg became the manliest man to walk the earth, and it all started with a bet. A bet amongst his friends that he couldn't travel across the world in 80 days; despite the odds he took the challenge head on! From the manliest man comes the manliest snacks, inspired by all cultures across the world to give our consumers a sense of power and spontaneousness around their friends!
“An organization exists to accomplish something, and this purpose should be clearly stated.” (Marketing: An Introduction p. 39)
Phileas Fogg became the manliest man to walk the earth, and it all started with a bet. A bet amongst his friends that he couldn't travel across the world in 80 days; despite the odds he took the challenge head on! From the manliest man comes the manliest snacks, inspired by all cultures across the world to give our consumers a sense of power and spontaneousness around their friends!
Thursday, May 19, 2016
EOC: Week 7: The Pitch
The adult friendly snack that I have come up with is a Greek
Gyro style potato stick filled with cheese and coated in a garlic flavored
spice rub. The culture that I came up with was from Greece. Greek food is
amazing and one of the top countries recommended when it comes to their
original food. That is one of the many reasons I chose Greece when looking at
different cultures. When people think of Greek food one of the main foods they
think of would most likely be the Gyro. So I decided to go to Greece with a
couple of my employees so we could see how it was really done. Upon arrival in
Greece we went on the search for the best Gyro in the country. We were given a
map of all the greatest Gyro restaurants; one after another, nothing really
impressed us. We had already started to think about making some other kind of
snack when we approached our final restaurant. This last restaurant was so
strange, it didn’t have a sign or anything on the building, we almost went
passed it. We went inside we were shocked to see that a rival restaurant was
holding the place hostage. Luckily they didn’t notice us, so we hurried to find
cover. Sadly, the only thing around happened to be the tortillas (they use for
the Gyros) we each grabbed a bag of them and decided if we didn’t fight then we
were as good as dead. So the 3 of us jumped back from behind the counter with
our package of tortillas and we assaulted the people holding the restaurant
hostage. Long story short, we won. As a reward, they made us free Gyros but
there were no tortillas, only fries, Kefalotyri cheese and tzatziki sauce.
Thursday, May 12, 2016
EOC: Week 6: 3 Items I Own That Define Me
I think that everything that someone owns reflects his or
her own personality in some specific way, this is also pretty accurate if you
were to look at it from a marketing standpoint. If I had to pick 3 items that I
own that would most accurately portray my personality in a marketing context,
the first item I would pick would probably be my “Phinehas” beanie. This would
require some research on their part probably, but Phinehas is an amazing Metal
band, not only that, they are my favorite band in the whole world. I wear my
Phinehas beanie pretty much everyday, everywhere regardless of where I am.
Their music and lyrics really synergize with me on a much deeper level than
other bands. If I saw this Phinehas beanie as a marketer, I would notice a
passion for metal music and the culture that comes with metal music. The next
item that I think I would pick might be my Blue Encore100 performance
microphone. The reason I would pick this is because it is the first item I
purchased from Sweetwater.com and the only microphone I have used to play shows
with my band The Light Upon Darkness. Sure I don’t use it for many other audio
projects but this item is something dear to me that I really have a connection
with. I think a marketer would look at this item and see a passion for music
and other audio related fields, especially if they noticed it was purchased
from Sweetwater.com. My last and final item would probably be World of
Warcraft. I have played World of Warcraft for 10 plus years and it is the
embodiment of my love for video games. Blizzard is my favorite gaming company
and I have been a WoW fanatic for years.
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