Tag Archives: environmental scan

What’s trending?

Marketers are constantly scanning the environment to find new trends. They need to recognize how external forces shape organizations and marketplaces. The lifestyles of consumers are refreshed as consumers are exposed to new ideas and trends. As environmental forces impact organizations, they can also influence consumer behavior. The five environmental forces – social, economic, technology, competitive, and legal – are continually challenging companies, products, and services.

These forces are in play when consumers explore new ways to live, eat, communicate, work, play, learn, and much more. And, with the advent of a new hyper-connected lifestyle (thanks to social media) consumers are quickly exposed to the latest social trends and new ideas.

What are some of the recent trends? According to Mintel Trends, here are some of the recent top trends in the marketplace:

  • Consumers in transit: Adidas released 500 pairs of limited edition shoes that act as a valid annual ticket for BVG public transportation in Germany.
  • Home safety: Vivint has a new app called Streety that allows users to share footage from their outdoor cameras with neighbors.
  • Automotive: Luxury car manufacturer Infiniti teamed with Q & A Web site Zhihu to jointly host a 10-hour live streaming event where an entire car was dismantled so that consumers could learn about the different parts of the car and gain more knowledge about technology and performance.
  • Consumer goods: Coca-Cola launched Coca-Cola Coffee Plus in Australia, a beverage that has twice as much caffeine as regular Coke but has just 42 calories.

Look around. What new trends do you spot?

Group Activities and Discussion Questions:

  1. Start by discussing how trends impact products and services.
  2. Bring up the Mintel top trends site: http://www.mintel.com/blog/new-market-trends/hotspots-january-2018s-top-trends-observations?utm_campaign=9103901_Mintel%20newsletter%20-%20NAM%2025%2F1%2F2018&utm_medium=email&utm_source=dotm&dm_i=2174,5F4M5,NVC5O0,KZ95H,1
  3. Information about the Adidas sneakers: https://www.npr.org/sections/parallels/2018/01/17/578598875/berlins-new-adidas-sneakers-feature-sewn-in-transit-tickets
  4. Vivint Streety information: https://www.vivint.com/resources/article/streety-new-neighborhood-watch-app
  5. Coca-Cola Coffee Plus: http://www.coca-colacompany.com/stories/coca-cola-plus-coffee-no-sugar–a-blend-of-two-favourites
  6. Which of these trends do students think have staying power?
  7. Poll students: What trends have they observed lately?
  8. Ask students to utilize the Internet to research trends. What are their findings?

Source:   Mintel (25 January, 2018). Hotspots: January 2018’s top trend observations.

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Corruption Index 2016

While the world is not a perfect place, people still hold out hope that it can become a better place for all citizens across the globe. However, a vicious cycle of corruption, unequal distribution of wealth, and unequal distribution of power, all conspire to create a climate of corruption in every nation on the planet.

Transparency International is a global organization with a vision of a “world in which government, business, civil society and the daily lives of people are free of corruption.” The organization is a non-profit, non-governmental organization dedicated to fighting corruption. One of its most public tools in the Corruption Perceptions Index, which measures corruption around the world. It ranks countries on a scale of 0 (highly corrupt) to 100 (very clean).

Unfortunately, no country gets a perfect score in the 2016 Corruption Perceptions Index. Two-thirds of the 176 countries measured were below the mid-point score. The global average: 43 out of 100, and top-scoring nations were far outnumbered by countries were citizens face corruption daily.

  • Top score: Denmark and New Zealand with a score of 90.
  • Low score: Somalia with a score of 10.

Curious where the United States ranks? Check out the Index and see the results.

Group Activities and Discussion Questions:

  1. Discuss the role of ethics, legality, and corruption in global marketing. What are the differences? What factors contribute to a poor business climate? To a poor living situation for citizens?
  2. Before showing the Index, poll students as to the countries that they believe will score the best, and worst, on corruptions.
  3. Show a video for the Corruptions Perception Index: https://youtu.be/zshdwWrsv3I
  4. Bring up the Index: https://www.transparency.org/news/feature/corruption_perceptions_index_2016
  5. Divide students into teams. Have each team analyze an area of the world and locate the high performing and low performing countries. What are the contributing factors to these scores?

Source: Transparency International

 

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Bomb Shelters are a Booming Business

If you have been reading the news recently, it seems that the world can certainly be described as a scary place. Today’s world is aware of the possibility of new nuclear activity by countries such as North Korea. While nuclear capabilities are not something anyone wants to consider, there are some industries that are getting a boost from it – including the bomb shelter industry. You may not have previously considered this industry as a growth market, but right now it is booming (no pun intended).

According to several U.S. companies, sales and inquiries are on the rise. One company, Atlas Shelters, expects a stellar year, selling a thousand shelters at an average price of $25,000 per shelter. In particular, there is increased demand in Japan as well as the U.S. Bomb shelter customers are often homeowners who are alarmed about the possibility of nuclear strike; they also include survivalists and “preppers” who are preparing for natural and man-made disasters.

There are a variety of different shelters, including a 500 square foot, steel-encased bunker for $120,000 that can be decked out with luxury accommodations. On the other side of the spectrum is Vivos, a company that sells shares in underground bunker complexes that include community spaces. It sells shares in its complex for $35,000 per person and claims that its 80-person complex in Indiana is completely sold out.

Do you have a plan?

Group Activities and Discussion Questions:

  1. Discuss the components of a situation analysis: company, general industry, trends, key competitors, technology, legal, etc.
  2. Who is the target market for bomb shelters?
  3. Show Web sites for companies producing shelters:

Atlas Shelters: http://atlassurvivalshelters.com/

Rising S Shelters:  http://risingsbunkers.com/

Vivos community shelters:  https://terravivos.com/

  1. Ask students what data they would want in order to make a marketing decisions for bomb shelter companies.
  2. Divide students into teams. Have each team use laptops to do general research to answer the questions above (Ex: overview of industry, size, growth, new technologies, environmental impact, laws, etc.)
  3. Debrief the exercise by compiling information on the white board. Does this give a good picture of the situation faced by these companies?

Source:  McClatchy Washington Bureau

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