REBUILDERS!

...you will be called Repairer of Broken Walls, Restorer of Streets with Dwellings....
Isaiah 58:12

Mar 28, 2008

20500356-Entry 3




Last week, there was a special lecture of prof. Larry Linamen about global illicit trades. I was interested in his speech about illegal products such as imitations or illegal copies, because I’d had an opposite opinion to his.

I thought that people use those products because the genuine product is too expensive; companies seem to me that they take improper profit through the price. Microsoft’s Windows is good example for my opinion, which is too high price and many friends of mine normally use illegal copies of it. I thought that consumers’ use of illegal copies is reasonable because of unreasonable price.

I read these articles when I was seeking ones that could defend my thought. They said that Korean companies were suffering for illegal imitations made in china. The damage from that was no less than 17 billion dollars. That fact let me think again about illegal products. I’d been regarding the invisible value such as brand power as unrighteous profit.

The use of illegal products gives huge loss to companies, and they raise the price up to recover the loss. Therefore, consumers who lost purchase power can’t help using illegal use so the scale of illegal product industry grows up. That is a vicious circle. In addition to that, another cost appears to regulate production and sale of those products; that raises price up. In the end, both producers and consumers are damaged from illegal product, and it is loss of entire society.

Then what should we do to root illegal product out? Finally it would be responsibility of both producers and consumers. Producers have to sell their products on reasonable prices, and consumers ought to know that the damage of illegal product retrns to themselves.

There is a excellent example of removing illegal copies. Hangul&Computer is the most famous company of word-processor market in korea. In 1998, they got in financial difficulty because of illegal copies, and they were willing to sign MOU with Microsoft to withdraw at word-processor market in condition of financial support of Microsoft. People got to know the fact, and they started a movement to save Hangul&Computer. It is Hangul815 that came out in this situation. It was so cheep that consumers can buy genuine copies, and it was sold over 650 thousand copies in market that was ruined by illegal copies. Thanks to the product, the company could survive and continue to product better programs.

I’ve founded the importance of using genuine products through prof. Larry Linamen’s lecture and searching for the articles about it. In consumer’s perspective, using genuine copies gets company to make new and better goods, which is profitable both to the society and me. In perspective of future businessman, and also, I’ve founded that I should decide reasonable price so that consumers don’t attempt use illegal products.

20501034 - Entry3


What makes Bean Pole different.

Bean Pole is one of Cheil industries Inc. affiliation and it launched in 1989. Once they launched, they have shown average 30% net sales growth every year. They also announced “No sale policy” when all the clothing companies were doing bargain sales.
In the high ended traditional casual market, Bean pole has majority of market share and it is being chosen by department store buyer as a best marketing power brand, best service, etc.

Brand concept

Bean pole is originated from Boston where produce a lot of bean and has traditional image. The concept of Bean Pole is European neo traditional. As a British style that represent history and tradition, Bean Pole pursue not to chase the trend.

SWOT Analysis

Strength
Bean Pole has strong customer loyalty and trust.
Through high quality and price, it formed high quality image.
It has local-centered distribution chain.
Marketing mix is consistently being performed.

Weakness
Weak feedback system
Less recognition in local area
Insufficient marketing for potential customer with long term perspective

Opportunity
Using popular Korean culture in China, expanding business in China is expected to be promising
It is expected to find new customer group by developing sub-brand like Bean Pole Golf, Bean Pole Ladies, Bean Pole Homme.

Threat
Competition with foreign brand will be harder and harder
Brand image could be damaged by fake goods

20501005 - Entry 3


Brands: The Power of Emotion
The savviest marketers understand that successful products appeal to the heart, not the mind

original article

Before I talk about this article, I'd like to talk about the book"Dream Society" at first.
As you know, last year, there was a world conference called "2008 World Knowledge Forum" in Seoul.
The book "Dream Socirty" was written by Rolf Jensen who is a futurologist in Denmark.He was one of speakers at the conference held in Seoul.
When I read this book last year and I got inspired so much.This is a thchnology-driven era now.
However, according to his book, dream society will soon come and change our life style.
Dream society is a new era in which emotion is the most important thing to attract customers.In other words, things related to emotion or story telling will become more important than technology things.
Same as the book, this article tells us the power of emotion marketing.Basically, both book and article say the same point I think.
There are several examples and cases of emotional marketing in the article.
What's driving the purchase decision? the answer would be "emotion marketing"

Like Prof.Lee said in our class, marketing is all about the perception of value.
Now we can perceive the value by using emotinal marketing.
As the article said, we're emotional beings,and we respond to emotional appeals. We should recognize the importance of emotional marketing! as savvy marketers!

Mar 27, 2008

20400442-Entry 3











Marketers who Change the World!


The article said it was from the Air Resources Board's perspective by which California decided to cut by 70 percent the number of electric cars and other zero-emission vehicles automakers will be required to sell in coming years. The article added, this will eventually put a pressure on automakers to invest and produce the future anti-pollution vehicles such as cars run by electricity or hydrogen.

After I saw a video on converting movement energy of human into a electricity in the class, I was very challened! There were so many people who are so much innovative about something that I did not even put a slightest consideration. I could not hold myself from researching more of those stories actually happening not very far away. This time, I was litteraly shocked as I looked through information about activities. England was using wind power to generate 5% of all electrictities required by the nation. Germany was another forerunner exploiting renewable energy and putting it to use in daily lives of German.

I was ashamed by the fact that our nation is not putting an effort on such innovative, but so much in need in future, development. However, at the same time, it gave me a lucid lesson that marketers are not only trying to make money, but also are contributing to improvement of mankind by foreseeing future needs and make an action to meet the needs.
I now know that good marketers view big!!










Referrence: California cuts furture quotas for air-clean cars

20820007 – Entry 3




You can help Oral B
Share the Joy of Smile

Everytime you smile at someone, it is an action of love, a gift to that person, and a beautiful thing said Mother Theresa.


Procter & Gamble have a strong social responsibility to develop strong ties to the society in which we live and work and focusing on children in need. Oral B is cooperating with Samanta Harris on the new project- Oral B Satin Floss. The project will not only promote how to make our smile more brilliant but also will give donation to children medical charity. ‘ I am thrilled to be working with Oral B Satin Floss on this campaign benefiting and to be giving children around the world the opportunity to share their smiles with others”, says Harris. Consumers can log on www.oralb.com/savesmile from 19th of March and help children smile around the globe. For every buyer pledge Oral b Floss will make a donation to Operational Smile. Operational Smile is a worldwide children’s medical charity which founded in 1982 which helps improving health of children and young adults. It has already treated 115000 children born with cleft lips, cleft palates and other facial problems.



Few about product:



The flossing twice a day is important for oral health but also other health issues. One of the benefits of it is clinically proven.

Oral B Satin Floss provides following features:

Satin – like finish is gentle on gums and fingers for your comfort
Easy insert, so you can reach even the tightest spots
Comfortable to handle, even when wet
Available in mint flavor


My opinion

If companies only focused on profit they are no longer to keep their consumers. Procter & Gamble is really sensitive about society where we live and seeking problems to solve benefiting children and entire people who are in need as well. I think by the project purpose and other children focused social help P&G will more appreciated and attracted by their consumers. Even when people use the teeth floss they will think that many children are smiling. They are benefiting their selves by using Oral B Floss and also helping children. Thank you to P&G for giving this opportunity.


Reference:
www.P&G.com/news
www.qoutegarden.com/smiles
http://www.operationsmile.org/

20820014 Entry-3

If you paint the town red what do you paint everything else?
It`s one of the motto of Pepsi`s new brand Tava. According to the chapter 2, we learn developing marketing strategies. So, I want to search how to use STP and growth strategies in reality.
Pepsi-Cola North America is bringing out fruit flavored and caffeine free
soft drink named Tava. The main attraction of the product is it is not contain significant source of calories from trans fat, saturated fat, cholesterol dietary fiber, vitamin A, vitamin C, calcium and iron.
The decision by the North American division of Pepsi-Cola, the new brand is introduced by online or its own website (tava.com) to reach targeted consumers. The target is at age 35-49 men and women. According to their strategy “This consumer spends significant time online, although what they do may differ from the younger consumer. They’re not I.M.-ing their friends; they’re looking at e-mail or looking up information about travel, music, food. The target spends significant amounts of time online every day.
In addition, the online aspects of the campaign extend beyond local markets. The Web sites on which the Tava ads are to appear include AOL, chow.com, CitySearch, dailycandy.com, discovery.com, Evite, MSN, oprah.com, People and weather.com.
Moreover to reach more, decision makers turned to agencies like Tribal DDB Worldwide, the interactive unit of DDB Worldwide, part of the Omnicom Group; TracyLocke, an Omnicom shop that aimed at promotions through Omnicon advertising agency. The campaign is targeting eight major markets where consumers seem to appreciate soft drinks. They are Boston, Chicago, Denver, Los Angeles, Miami, New York, Seattle and Raleigh, N.C.
The vice president of Pepsi-Cola North America said “To build trust between a consumer and a brand, people need to feel they’re sharing it with other people instead of a corporation pushing it down on them. The goal is to have people experience the product on their own terms and turn them into brand ambassadors.
My opinion
Product development strategy is one of the growth development strategies which offers a new product or service to a firm`s current target market. I have learned following things from this article.
1. New product must have strong competitive advantage to be succeed.
2. Positioning is vital to reach targeted consumers. In this case they use 2 strategies: online and shopping.
3. Firm must encourage consumers to promote their brand as a “ambassador”.
Reference: