Monthly Archives: July 2016

Flying Underwater

Water

Imagine yourself under the sea – guiding your own submarine as you explore the lakes and oceans. If this sounds far-fetched, it is quickly becoming a reality from company DeepFlight, with a new type of underwater submersible that makes it seem as if you are flying underwater. With 94% of Earth’s life in the ocean, the innovation subs give users access to more of the planet.

The innovative submersible is usable by most people with only a little training. Operated by joysticks for depth and direction, the sub is capable of going to a 400-foot depth, the depth at which the ocean becomes black to the human eye. The lithium batteries provide six hours of underwater flight and the sub is capable of sustaining 24 hours of life support. And, it can’t sink. The units are “positively buoyant” meaning that it requires motion to remain underwater – switch it off and it floats to the surface.

The design is sleek and futuristic, weighing 4,000 pounds and with a length a little over 16 feet. But, at a $1 million price tag, it is not for everyone. Units could be obtained by individuals, but also by charter and tour operators to give customers a unique view of our underwater world.

Are you willing to fly in the blue waters of Earth?

Group Activities and Discussion Questions:

  1. Discuss the importance of clearly defining a target market.
  2. Show the video:

http://money.cnn.com/video/technology/2016/04/26/deepflight-personal-submarine.cnnmoney/

  1. Show the company Web site:

http://www.deepflight.com/

  1. For this product, who are the possible target markets? (Hint: think of businesses as well as individuals.)
  2. Divide students into teams and have each team develop a profile of a target market. Include demographics, psychographics, behaviors, values, attitudes, etc.
  3. Based on the target market profile, what makes this product unique for these customers?
  4. Debrief the exercise.

Source: CNN Money,

 

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Golf for Everyone!

Golf

It’s not easy to take a mature service and reinvent it to make it appealing to a new consumer base, particularly with a sport such as golf. While golf participation in the U.S. has declined by roughly 35% since 2006 among 18 – 30 year olds, Topgolf has taken an old, mature sport and revised it to appeal to a younger, more diverse audience.

Instead of sprawling golf courses requiring expensive equipment and costing $100 per round, or limited driving ranges that offer only buckets of balls in a row, Topgolf’s facilities are 60,000+ square feet and three-stories that blend golf with a sports bar environment. Topgolf offers music, drinks, video screens, entertainment and more to a growing base of 13 million visitors, two-thirds of who are under 35 years old, and 50% who have never played golf before.

The company started in England in 2000 and has now expanded to 30 locations in U.S. and England. Golf balls have electronic tags which generate points for the golfer based on shot distance and accuracy. And, at only $20 – $40 per hour for a group of players, it’s a lively way of learning golf and having fun with friends.

Ready to play? Fore!

Group Activities and Discussion Questions:

  1. Discuss the stages in the product life cycle. What are the marketing objectives in each stage?
  2. Divide students into teams. Have each team draw a product life cycle and place various products and services into each stage.
  3. Show the Topgolf Web site and video: http://topgolf.com/us/
  4. Poll students: Who currently plays golf – why or why not? Who would be interested in playing at Topgolf – why or why not?
  5. Why is Topgolf succeeding?
  6. Next, have students brainstorm on how to reposition or revise products/services to that they can move into an earlier stage of the life cycle.

Source: Outside Magazine, Ad Age Daily

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