Tag Archives: technology

Where do you golf?

How many readers are golfers? Wait. How should we define golfers? Are they regular players on a golf course consistently, or do we include folks who like the driving range but rarely walk onto a course?

The definition of ‘golfer’ has certainly been blurred by the expansion of Topgolf, as well as fueled by the use of technology in simulators and driving ranges. According to the National Golf Foundation, the number of people going to these locations now is greater than the number of people playing golf on outdoor courses.

And that’s a good thing for the golf industry in general. Long-viewed as an expensive, elitist sport dominated by males, the changing role of technology in golf now opens the sport up to more people who want to drive a ball, but not necessarily spend thousands of dollars and hours on it. Anytime an industry can introduce new consumers to its value, it has a chance of keeping the consumer’s interest.

Plus, Topgolf is more social than traditional golf courses. Topgolf’s approach is much more social, hosting groups of players with tables, couches, food and drink. Microchips embedded in the golf balls track shots, allowing golfers to virtually compete with each other, play famous courses and video courses.

As a result, some traditional country clubs and golf courses are also now more agreeable to revising old traditions and loosening dress codes, as well as designing new and entertaining games for the course and speedier play.

No need to yell “fore” on this tee.

Group Activities and Discussion Questions:

  1. Poll students: Who would consider themselves as golfers? How would they define the market? Where and when do they play golf?
  2. Show Topgolf’s website: https://topgolf.com/us/
  3. Poll students about their Topgolf experience.
  4. Who is the target market for Topgolf?
  5. What is an off-course golfer and how can it be reached?
  6. Divide students into teams and have them research the trends occurring in golf both on-course and off-course.
  7. ALTERNATIVE: Have students explore Topgolf as a franchise investment.

Source: Feuer, W. (1 December 2024). For the first time, most golfers play off-course. Wall Street Journal.

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Tesla Cybertrucks Get Delivered (Finally)

After more than four years since it was first announced, and two years behind the original production schedule, the first dozen or so Tesla Cybertrucks were delivered at a launch event held Nov. 30 in Austin, Texas.

Why is Tesla launching an electric truck? The truck market is considered the most profitable part of the U.S. auto market. The largest manufacturers are Ford, General Motors, and Stellantis (Ram trucks) and all three now have electric trucks of their own on the market. 

How big is the market? These three sold nearly 1.7 million pickup trucks at prices that can reach $100,000. But only two percent of pickups sold in the U.S. were electric, and electric trucks were only 3 percent of the electric vehicle market.

The Cybertruck design is a distinct departure from other trucks; it has a stainless tell body and sharp angles

Even behind schedule and with full production not yet ready to roll, Tesla has more than one million trucks reserved ($100 refundable deposit). However, the original expected price of $39,900 has increased to $69,900 with a top of the line vehicle priced at $99,990. The target market is likely to be well-to-do technology fans and collectors, not fleet operators such as construction companies or businesses that need to modify the truck bed.

Shall we go for a ride?

Group Activities and Discussion Questions:

  1. Show video of delivery event: https://youtu.be/cX58W4_5hmw?si=nGx35Km85ZFJfv85
  2. View Tesla Cybertruck website: https://www.tesla.com/cybertruck
  3. Discuss the importance of clearly defining a target market.
  4. For the Cybertruck product, what is the target market?
  5. Divide students into teams and have each team develop a profile of a target market for Cybertruck. Include demographics, psychographics, behaviors, values, attitudes, etc.
  6. Based on the target market profile, what makes this product unique for these customers?

Source: Ewing, J. (30 November 2023). Pickup or lunar lander? Tesla’s Cybertruck enters a crowded market. New York Times; Kolodny, L. (30 November 2023). Elon Musk hypes Tesla Cybertruck at deliveries event in Austin. CNBC; Krisher, T. (1 December 2023). Tesla delivers first Cybertrucks. Associated Press; other news sources.

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What Hurts EV Sales?

The shift to electric vehicles (EV) sure seems to have slowed way down. According to research from company CarGurus, EV inventories are not only up 506% from a year ago, they are on the lot an average of 82 days compared to 64 days for gas-powered cars. Sales are down, but why when reducing emissions and being environmentally sound are so important to consumers?

Well, prices of EVs are still a factor, even though prices have been cut by Tesla and other manufacturers. The average EV list price is 28% higher than a gas car, and with interest rates near 8%, a new EV costs more than $200 more per month. New EV buyers also need to install at-home chargers for roughly $2,000. However, EV tax credits may help the situation when, as of January 1st, buyers can get up to $7,500 EV credits upfront, plus some states also have tax credits for new buyers.

But one of the biggest concerns revolves around charging stations, especially when taking road trips away from the home charger. Sound infrastructure for charging stations is still an issue. According to Pew Research, Americans are not very confident that the necessary infrastructure will be built in order to support a large number of EVs. While 17% think are confident that it will happen, 53% are not very confident.

The Wall Street Journal tested 120 charger stations and found problems ranging from different ports on different cars and charging stations, to broken charger stations. Of the stations checked, 40% were broken with 27% being out-of-order, 10% with payment issues, and many more with connection issues (handshake between car and charging station).

Will you buy an EV?

 Group Activities and Discussion Questions:

  1. Poll students: Who plans to buy an EV after they graduate? Why or why not?
  2. Show video about public EV chargers: https://www.wsj.com/video/series/joanna-stern-personal-technology/how-bad-are-public-ev-chargers-i-visited-over-120-to-find-out/0CA1EEF7-79C4-4818-B876-899E4B2EFCCD
  3. Show additional research on EV viewpoints from Pew Research: https://www.pewresearch.org/short-reads/2023/07/13/how-americans-view-electric-vehicles/
  4. Divide students into teams.
  5. Have each team work on a promotional plan for EVs that accounts for the issues of price and/or charger infrastructure. What do consumers want to hear?

Source: Lee, M.(14 November 2023). Here’s why people aren’t buying EVs in spite of price cuts and tax breaks. USA Today; Sterns, J. (15 November 2023). How bad are public EV chargers? I visited over 120 to find out (Video). Wall Street Journal.

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