Tag Archives: automobiles

The Future of Parking Garages

When is the last time you left your car in a public parking garage? It may sound a little crazy to ask this, but what was your experience? Most likely, it just was parking and nothing else. Nothing special. Boring. Repetitive. Unattractive. Expensive. Time consuming.

Now, think of the potential business opportunity to give those car owners something else to enjoy – and spend money on – in addition to keeping their cars safely tended. The parking garage could actually become a ‘mobility hub’ or a ‘silo’ that could provide restful parking for delivery drivers who might need restrooms and food. After all, those large concrete buildings are usually in valuable real estate located next to destinations such as entertainment, shopping, and events venues.

Innovation is now coming to parking garages. In Chicago, an underground parking garage downtown is being converted to an e-commerce delivery center. Los Angeles parking garages house shared commercial kitchens. Denver and Seattle parking garage roofs are being used as urban greenhouses and farms. San Francisco is redeveloping a garage into a mixed-use complex with affordable housing. Other garages are using parking spots for autonomous vehicles and EV charging stations, adding integrated access controls, kiosks, valet parking, and more, all synced through mobile devices.

Technology plays a large role in the future of parking garages. High-tech cameras can read license plates, enabling drivers to buy passes online and bypass ticket taking and payments, reserving a parking spot in advance. Some garages work with car-sharing companies, bikes, food trucks, and scooters to help patrons quickly access transportation. Others are considering how to combine workspace, retail, fitness centers, and housing using pre-fabricated modules.

What would you like to see in a parking garage?

Group Activities and Discussion Questions:

  1. Poll students: What has been their experiences with parking garages? What is negative? What could be done to improve parking garages?
  2. View FlashPark website: https://www.flashparking.com/products/
  3. Show video – why parking lots will disappear: https://youtu.be/XMt4zEEHxv4
  4. Discuss the impact of ride-sharing services and autonomous vehicles on parking garages.
  5. Divide students into teams. Have each team select a parking garage in the area.
  6. Research the garage, number of spots, footprint, revenue, usage.
  7. Have each team redesign the garage to be more innovative and useful.
  8. Debrief the exercise and select a winning design.

Source:  Axios; New York Times; Wall Street Journal; other news sources

Leave a comment

Filed under Classroom Activities

More Branding Needs to be Changed

All marketers know that branding is hard to do, and expensive to change. Thus, many brands are reluctant to revise their logos, names, and images. After all, if it’s worked for decades; why go through the trouble and expense to change it now?

The short answer to that question is that society and the world changes (sometimes drastically) and therefore companies have a responsibility to respond to and recognize those events and make changes in order to stay relevant in the marketplace.

A recent topic is that of the use of the name “Jeep Cherokee.” The Chief of the Cherokee Nation has strongly stated that it is wrong of the company to use the Cherokee name to sell cars, and has asked Jeep to discontinue the name.  The Cherokee name belongs to a nation of peoples and they contend that using it for peddling products diminishes it. Jeep has sold the Cherokee vehicle since 1974 and retired it in the early 2000s, then reviving it in 2014. It is a popular model and sold more than 200,000 units last year.

This topic brings to mind the issue of the (former) Washington Redskins NFL team. The team has agreed to drop the name and logo after years of protest, as have MLB team Cleveland Indians. Similar protests last year were made against brands including Aunt Jemima and Uncle Ben’s. Land O’Lakes already dropped its image of a Native American woman from its packaging.

Brands matter.

Group Activities and Discussion Questions:

  1. This is a tough topic, but discuss racism in business with students. Ask them their views.
  2. Poll students: What products, services, and brands use racist stereotypes?
  3. Discuss the issue of the Jeep Cherokee and show video: https://youtu.be/D6ZrRbS-yxs
  4. Show Jeep Cherokee site: https://www.jeep.com/cherokee.html
  5. Divide students into teams. Have each team reimagine a new name and message for the company.
  6. How would they overhaul the image if they were in charge of marketing at the company?
  7. Show all the student solutions and debrief the exercise.

Source: Associated Press; CNN News; New York Times; Wall Street Journal; other news sources

Leave a comment

Filed under Classroom Activities

The Ford Bronco Returns to Action!

As we’ve written in previous articles, no product lives forever. There are always new innovations, trends, social forces, competition, and technologies that push products forward. Every product eventually reaches its final stage in the Product Life Cycle (PLC) – decline/harvest – when the product is put to sleep and resources are reallocated to up-and-coming new products.

But every now and then consumers grow nostalgic for products from the past. Perhaps the product brings back a happy emotion or a strong memory. Or maybe it’s a little bit of longing for days gone by. Or maybe it’s a desire for something different and cool-looking. Trends have a habit of cycling back as years go by.

New to the trend cycle is the resurrection of Ford’s iconic Bronco. The company has announced a new retro-looking Bronco that recalls the rugged, boxy looking original from the 1960s. (The Bronco was retired from production in 1996.)

Bronco has its work cut out for it as Jeep Wrangler holds the top position in the off-road automotive category. To compete with the leader, Ford has two Bronco models and pricing starts at $29,000 up to $60,000 for larger engines and more options and trim.

Welcome back, Bronco. It’s good to see you.

Group Activities and Discussion Questions:

  1. Discuss the stages in the product life cycle. What are the marketing objectives in each stage?
  2. How are cars moved through the PLC?
  3. Next, discuss the life cycle of the Ford Bronco.
  4. Show video introducing the new Bronco: https://youtu.be/-v1urLWR5zg
  5. How is Ford repositioning the car on the PLC?
  1. Show Bronco’s Web site: https://www.ford.com/bronco/
  2. Divide students into teams. Have each team draw a product life cycle and place various products and services into each stage.
  3. 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 or be reinvented for a new life.

Source:  Wall Street Journal; other news sources

Leave a comment

Filed under Classroom Activities