Tag Archives: Marketing strategy

Using Social Media in Job Search

Here’s the truth – absolutely no one likes looking for a new job. Nope. Not one single person on earth gets up and says “gee, can’t wait to look for a new job today!” So, you are in good company if you are (reluctantly) facing a job search. But, on the plus side, there are now more tools than ever to help you search out and find a great position and company. And, you can even do this using social media tools with which you are already familiar. Today, social media is part of how people get in touch not only with each other, but also with companies

Estimates are that more than 80% of Americans have social media accounts. Social media is a great way to connect with others, bring attention to your work, and develop new ideas. The top social media platforms to explore in a job search:

  1. LinkedIn – A professional social network with 500 million members. Focus on people you already know, and people you would like to know. LinkedIn has search features that let members know about job postings and companies.
  2. Twitter – Provides instant connections for sharing ideas with 328 million users. It is conversational, giving real-time information about areas of interest and connects users beyond people they already know. For job hunting, build lists of influencers to follow.
  3. Facebook – A powerful social network with more than two billion users worldwide. Facebook can help you connect with influencers, shape what others think of you, and share things that help show your interests and breadth. Use Facebook to follow companies and get ideas about job opportunities.
  4. Instagram – This platform revolves around illustrations and has grown to roughly 800 million users. These users love great photos and videos. Use this platform to interact graphically with companies and people who interest you.
  5. Snapchat – While this platform is changing, it has 250 million users and can provide insights into trends, people, and companies.

Group Activities and Discussion Questions:

  1. Ask students to define how they currently use social media platforms.
  2. What limits their use of the platforms? Do they use these for job search?
  3. Review the New York Times ariicle: https://www.nytimes.com/guides/business/social-media-for-career-and-business?em_pos=small&emc=edit_ct_20171116&nl=technology&nl_art=0&nlid=65703977&ref=headline&te=1&redirect=true
  4. Students can explore various links within this article to learn more about the different platforms.
  5. Divide students into five teams. Have each team explore a different social media platform and provide guidelines about the platform for job search.
  6. Build a shared document with the information.

Source: Sreenivasan, S. (2017, November). How to use social media in your career. New York Times.

Leave a comment

Filed under Classroom Activities

SiriusXM Buys Pandora

SiriusXM satellite radio provider is buying music streaming service Pandora for a $3.5 billion stock deal. The deal will create the world’s largest audio entertainment company. Why should SiriusXM buy Pandora? Because SiriusXM wants to gain people who listen to music but don’t want to pay for the premium SiriusXM service.

SiriusXM offers streaming without advertisements for $10.99 to $20.99 per month per car with up to 140+ channels, or streaming on any device for the same amount of $10.99 to $20.99 per month, or combine both options for all-access streaming. SiriusXM has 36 million subscribers in North America.

On the other hand, Pandora, which has 70 million active listeners (5.6 million who are paying members) can be used at no-cost as long as listeners don’t mind listening to advertisements. Or, listeners can buy monthly subscriptions at $4.99 or $9.99 per month for services that eliminate advertisements and offer personalized stations and create playlists, plus other options.

SiriusXM isn’t new to Pandora; it provided $480 million of funding to Pandora last year. Pandora faces stiff competition from other music services such as Apple Music, Amazon, Tidal, and Spotify.

The war to gain new listeners is heating up!

Group Activities and Discussion Questions:

  1. Poll students:How much music do they listen to each day? Where is their music coming from? How much do they pay each month?
  2. View SiriusXM: https://www.siriusxm.com/
  3. View Pandora: https://www.pandora.com/
  4. Discuss the four primary marketing strategies: market penetration, market development, product development, and diversification.
  5. Which strategy is SiriusXM using? Why?
  6. Divide students into teams. Have each team research the different prices and packages offered by each music streaming company.
  7. Compare price structures. Which offers listeners the better deal?

Source:  Wall Street Journal, New York Times, other sources

Leave a comment

Filed under Classroom Activities

PepsiCo Buys SodaStream

The beverage market is in a fight to maintain – and grow – market share of soft drinks. And, as sales of soft drinks slow, the beverage industry has been looking for new paths. One recent deal concluded by Coca-Cola was to buy U.K.-based coffee company Costa, giving it entry into the hot drink market. And now PepsiCo has announced that it is buying do-it-yourself carbonation company SodaStream International.

Unlike sugary soft drinks, SodaStream has taken advantage of the growing market for seltzer beverages. Consumers like that seltzers do not have sugar and are calorie-free. This gives consumers drinks that are healthier than the traditional soda drinks. Plus, the do-it-yourself carbonated drinks can be tailored for individual tastes with different fruits and flavors added to the drinks.

According to Beverage Marketing Company, sales of seltzer has increased nearly 42% in the past five years, while soda consumption is at a 31-year low (according to Beverage Digest). SodaStream now has 12.5 million customers, up from 4.5 million in 2012, and sales have increased 31% this year. The product appeals to consumers who are looking for healthier, more environmentally friendly types of drinks.

The beverage war continues. What will happen next?

Group Activities and Discussion Questions:

  1. Discuss the four primary marketing strategies: market penetration, market development, product development, and diversification.
  2. Show a brief video about the purchase: https://youtu.be/Idmv5onpbSs
  3. Have students view PepsiCo’s product assortment: https://www.pepsi.com
  4. Show SodaStream web site: https://sodastream.com/
  5. Which strategy is PepsiCo using by purchasing SodaStream?
  6. Divide students into teams. Have each team select one of the four different strategies and explain why that strategy could be used to market SodaStream.
  7. Have each team determine the marketing mix (4Ps) to support their strategy choice.
  8. Debrief the exercise.

Source:  Washington Post, New York Times, Fortune, CNBC, TIME, and other news outlets

Leave a comment

Filed under Classroom Activities