Monthly Archives: March 2015

Best Product Placement – “Modern Family”

Product

Consumers have gotten somewhat used to seeing products placed in movies and TV shows. We realize that this is part of marketing, and that companies will pay to get products and logos seen in a realistic setting. We see cars, food, beverages, clothing, electronics, stores, and more on a regular basis inserted into entertainment. But, in what might be a first for primetime TV, an entire episode of the ABC comedy, “Modern Family,” was filmed and produced entirely on Apple devices. Talk about extreme product placement!

In the episode, mom (Claire) is stuck at Chicago’s O’Hare airport and uses FaceTime to talk with the entire family and track down daughter (Haley), with whom she fought before leaving town. The episode is shown entirely on Claire’s Apple laptop with family members using laptops, tablets, and iPhones to interact with each other and Claire.

How will Samsung compete with this?

Group Activities and Discussion Questions:

  1. Poll students: What products can they recall seeing recently in TV and movies?
  2. Show videos:

http://youtu.be/jcpO1gwO4LQ

http://youtu.be/FADOtxu_MTU

  1. Discuss product placement as a tactic in marketing.
  2. Divide students into teams. Have each team select a product and then storyboard a TV episode into which the product can be placed in a realistic setting.

Source: USA Today, Brandchannel.com, CNN, ABC, other news sources

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Costs to Build an iPhone

Phone

People love iPhones. They love them so much that they will wait in line for hours to buy the first models. They love them so much that they get the company logo tattooed on their bodies. They also love them so much that they will pay a premium price. How much of a premium? As it turns out, quite a bit.

New iPhones retail for $649 and higher, but the cost to manufacture the product is considerably less – $227:

  • Screen – $41.50
  • Battery – $3.50
  • Camera – $16.50
  • Logic board – $126
  • Speakers – $7.00
  • Other costs – $32.50Use this product as a topic for a discussion about how Apple prices its products.
  • Group Activities and Discussion Questions:
  1. Show the video: http://youtu.be/IghsmsAAlvw
  2. Discuss the six steps for establishing a price: determining objectives, estimating demand, determining cost/profit relationships, select price level, set list price, and make adjustments.
  3. Discuss the various pricing models in class: demand-oriented, cost-oriented, profit-oriented, and competition-oriented.
  4. For the iPhone, divide students into groups and have each group work on any/all of the six steps.
  5. When setting the price level, assign each team a different model to use (demand-oriented, cost- oriented, etc.).
  6. Debrief the exercise. Compare the various pricing models and discuss advantages/disadvantages of each.

Source: CNN Money, Manufacturing Business Technology

 

 

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The Mobile Dating Game

Dating

Relationships are a tricky thing. We are surrounded by people, yet oftentimes we feel alone. Match.com and eHarmony have been around for quite a while to help people select dates, but in the last few years these match-making companies have been impacted by newcomers who use smartphone technology to reach consumers wherever they may be.

Mobile apps are another way to solve the dating dilemma, particularly for college students. As long as there is a phone in a pocket, there is a way to make a connection, a friend, and perhaps a love.

Probably the most popular and well-known of these new match-making apps is Tinder, a mobile phone app that lets users quickly scan photos and profiles of potential dates, and select partners with the swipe of a finger. Tinder processes more than one billion swipes a day and matches roughly 12 million people each day. Tinder isn’t the only match-maker on mobile. It is joined by other firms such as Hinge – which uses Facebook to connect friends of friends, Clover – which sends someone to meet you at a location and date, and League – an exclusive site for carefully selected clientele.

Want to meet someone new? It’s simpler than ever using only a smartphone.

Group Activities and Discussion Questions:

  1. Poll students – who has used a dating app? Which one? Results?
  2. What are the positive points of these dating apps? Negatives?
  3. Show any of the following dating app Web sites:

http://www.tinder.com/

http://clover.co/

http://www.howaboutwe.com/

http://www.cyberdatingexpert.com/

http://www.match.com/

http://www.datingmuse.com/profiles/choosing-profile-name/

https://www.okcupid.com/

  1. Divide students into teams. Have each team select a specific target market and then develop an outline for a dating company.
  2. Make sure that students develop a clear, unique difference for their new company.
  3. How will this company be marketed to consumers?

Source: New York Times

 

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