Wednesday, May 30, 2012

Modifications


When I think about modifications to a product, I immediately think of the automotive industry.  It seems like every couple of years car companies modify their existing products to fulfill the customers’ needs and wants. 
The modifications that I am referring to are: quality modifications, functional modifications, and aesthetic modifications.  Take for instance the Dodge Ram 2500 over the past few years.  The second generation had the following engines:

Years
Engine
Power
Torque
1994–2001
3.9 L (239 cu in) Magnum V6
175 hp (130 kW)[1]
1994–2001
5.2 L (318 cu in) Magnum V8
220 hp (160 kW)[1]
295 lb·ft (400 N·m)[1]
1995–1997
5.2 L (318 cu in) Natural Gas V8
200 hp (150 kW)[1]
430 lb·ft (580 N·m)[1]
1994–1997
5.9 L (360 cu in) Magnum V8
230 hp (170 kW)[1]
325 lb·ft (441 N·m)[1]
1998–2002
5.9 L (360 cu in) Magnum V8
245 hp (183 kW)[1]
335 lb·ft (454 N·m)[1]
1994–2002
8.0 L (488 cu in)[5] Magnum V10 engine
300 hp (220 kW) [1]
450 lb·ft (610 N·m)[1]
1994–1995
5,883 cc (5.883 L; 359.0 cu in)[6] Cummins 12-valve Diesel I6
175 hp (130 kW) (manual), 160 hp (120 kW) (auto)[1]
420 lb·ft (570 N·m) (manual), 400 lb·ft (540 N·m) (auto)[1]
1996–1998
5,883 cc (5.883 L; 359.0 cu in)[6] Cummins 12-valve Diesel I6
215 hp (160 kW) (manual), 180 hp (130 kW) (auto)[1]
440 lb·ft (600 N·m) (manual), 420 lb·ft (570 N·m) (auto) [1]
1998–2000
5,883 cc (5.883 L; 359.0 cu in)[6] Cummins ISB 24-valve Diesel I6
235 hp (175 kW) (manual), 215 hp (160 kW) (auto)[1]
460 lb·ft (620 N·m) (manual), 420 lb·ft (570 N·m) (auto)[1]
2001–2002
5,883 cc (5.883 L; 359.0 cu in)[6] Cummins ISB 24-valve Diesel I6
235 hp (175 kW) (5-speed manual or automatic)[1]
460 lb·ft (620 N·m) (5-speed manual or automatic),[1]
2001–2002
5,883 cc (5.883 L; 359.0 cu in)[6] Cummins ISB 24-valve Diesel I6
245 hp (183 kW) (High Output)[1]
505 lb·ft (685 N·m) (High Output)[1]

While the third generation ram had the following engines:

Model
Years
Engine
Power
Torque
2500/3500
2003–2008
5.7 L (345 cu in) Hemi V8
345 hp (257 kW)
375 lb·ft (508 N·m)
2009
5.7 L (345 cu in) Hemi V8
388 hp (289 kW)[1]
404 lb·ft (548 N·m)
2003–2004 SO
5.9 L (360 cu in)Cummins diesel I6
250 hp (190 kW)
460 lb·ft (620 N·m)
2003–2004 SO California Emissions
5.9 L (360 cu in)Cummins diesel I6
235 hp (175 kW)
460 lb·ft (620 N·m)
2003–2004 HO
5.9 L (360 cu in)Cummins diesel I6
305 hp (227 kW)
555 lb·ft (752 N·m)
2004.5–2007
5.9 L (360 cu in)Cummins diesel I6
325 hp (242 kW)
610 lb·ft (830 N·m)
2007.5–2009
6.7 L (408 cu in)Cummins diesel I6
350 hp (260 kW)
650 lb·ft (880 N·m)
2003
8.0 L (488 cu in) Magnum V10
310 hp (230 kW)
450 lb·ft (610 N·m)

Now there is fourth generation which produces an average of 350hp and 650 lb-ft of torque.  These characteristics fall under the quality modifications.  The designers and technicians at Dodge have listened to the consumers and changed the engines to better suit their needs.  They have changed the ram’s dependability and durability. 
In addition they have changed the functional modification.  They have changed the ram’s versatility and effectiveness of towing a massive payload. 
The aesthetic modifications are quite easy to spot.  Here a few pictures of the various medications: 

Second Generation


Third Generation

Fourth Generation (Current Model)

As you can see the biggest difference over the years has been the styling of the front end.  The progression of a straight vertical grill to a slightly more aggressive style, and now to a fully slanted grill, is a prime example of the aesthetics Dodge has modified.

Dodge has also developed a larger cab to meet the needs of the customer.  Many of their largest 2500 come with what Dodge calls a Mega Cab.  This cab provides a more leg room over the standard crew cab.  



Sources:

Wednesday, May 23, 2012

Word of Mouth Marketing

When I think about my decision to purchase a large expensive product or investment, I definitely fall under the five stages of purchasing process explained in chapter 7.  When I reach to second stage: information search, I turn to sales associates, family, friends co-workers, etc.  By having the ability to talk to people about the pros and cons of this purchase, I am able to to move foreword to step 3.  Without having the ability to talk to someone, I would most likely invest into the wrong products.

WOMMA: Word of Mouth Marketing Associates has implemented this type of marketing into a business.  This was pulled off of their website:  "Welcome to WOMMA, the premier non-profit organization dedicated to advancing and advocating the discipline of credible word of mouth marketing. Through best practices, industry education and member value, WOMMA advocates word of mouth as a solution to business challenges and a key component in the creation of Talkable Brands." 

They have been able to establish a company built on word of mouth marketing.  There website is filled with information about other companies associated with WOMMA, their ethical stand point, membership, resources for companies, and tools to help your company research the consumers you need.  







If only I could have taken this class earlier, I might have thought of this idea, and started this company.  

Tuesday, May 22, 2012

Product Positioning: Brett Favre,


Upon reading chapter 6, it was evident to me that the marketers at Wrangler have made it very clear to me there product positioning.  Just like in the text, where Dockers "position its product as being comfortable, flexible, and reasonable value" (Pride, Ferrell pg.178), Wrangler has marketed to men that their jeans are "Real comfortable jeans" (Brett Favre).  The video below shows Brett's TV Ad that has been around for many years.


This commercial emphasizes Wrangler's product positioning by creating an image that men identify with.  The created image this ad promotes is the ability for the Five Star Premium Denim jeans to be able to look classy, stay comfortable, and be able to catch footballs in the mud without having to worry about your jeans.  Although it is ironic that Brett would through a football in a way that an amateur would have to lay out for the football.  Not to mention the bad to the bone song playing in the background.


Friday, May 18, 2012

Technology and Marketing

Today I see more and more children with iPhones, iPods, and computer knowledge then every before.  My boss just received his first iPhone and his 6Th grade son, dubbed "The Wizard", showed him everything about it without even having his own phone.  How is this possible?  I believe that this age group should be named the tech babies, to go along with the baby boomers.

Technology is all around us.  It is impossible in today's world not to be a part of it.  Today could make one of the greatest, single most profitable days for a company, Facebook.  Although I do not know much about the market, I know that today Facebook went public and by following the Google financing page, it is currently at $40.56/ share and rising.
https://www.google.com/finance?client=ob&q=NASDAQ:FB

This article talks about how Facebook has decided to start publicly trading its "180,000,000 shares of Class A common stock and selling stockholders are offering 241,233,615 shares of Class A common stock" To me this is unreal how a man created such a simple concept into a multi-million dollar enterprise.  
http://www.reuters.com/finance/stocks/FB.O/key-developments

All of this has come down to technology.  As I am typing my computer is constantly editing my work.  It recognized facebook is not spelled correctly because I did not capitalize the F.

This video talks about technology and marketing, and how it has changed the world.
Without technology, marketing and the world would be a very different place.  Technology has helped change our world and make it possible for firms like Facebook, to be a leading in the marketing world.  Technology is inevitable, and if your firm is unable to adapt then you will be caste aside.

My only concern is will technology pass us, and The Matrix will become a reality?

Wednesday, May 16, 2012

Cat Marketing

After surfing the internet trying to figure out my next post idea, I stumbled upon this video talking about cats marketing strategy.  http://www.rooftopcomedy.com/watch/CatMarketingStrategies

Being a dog person, I found this comedy act to sum up my experience with helping my little cousin at the Heart of the Valley Animal Shelter.  She of course is a "cat cuddlier" which means when I have taken her to cuddle cats I was faced with being surrounded by cats.  The video hit the nail on the head, because at the animal shelter, there are cards outlining what type of cat, the name, and other information pertaining to the feline.  It seems to me that the employees at the animal shelter have changed their marketing strategy to make it more appealing to potential adopters.

http://www.heartofthevalleyshelter.org/adoptions/cats.html

Tuesday, May 15, 2012

South Africa Trade


Two summers ago I was fortunate enough to travel to South Africa to visit my sister.  After a total of 36 hours of travel, passing through Dubai, I reached SA.  While I was there I had to the fortune to see the volunteer work my sister was doing.  The picture to the left is my sister teaching some children an American childhood song.  

In addition to helping my sister in an orphanage, school, and in a clinic, I was able to go on a safari, visit Cape Town, and see the local culture.  

Kofi with his new soccer ball
On day while helping a few kids with their chemistry homework, I made a deal with one of the boys. The deal was if, I helped him and gave him a hand full of marbles that I used to play with, and a new soccer (futball) ball, he would give me his South Africa flag that was hanging in his room.  Originally he was hesitant, nut after seeing my marbles, and the new soccer ball he agreed upon it.  

My entire experience in SA made me realize that we are so fortunate to be able to live the life style that we desire.  It also made me realize how easy an exchange can be made without using currency.  Not only did Kofi gain a new ball, he also finished his school work.  I on the other hand gained a friend, and the respect of his peers.  

Sunday, May 13, 2012

Introduction

Hi my name is Colin, I am taking BUS 341 to fulfill my Business Administration Minor.  Currently I am a junior in the Construction Engineering Technology program at MSU.  While not studying I enjoy: hunting, fly fishing, golf, shooting, a spending time with family.