what 21st century marketers can learn from dinah shore and a 52 chevy
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Post on 11-May-2015
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Powerpoint presentation used the first night of senior level Marketing Management class at Arkansas State University in the College of Business. The purpose of the powerpoint is to get the students thinking beyond the text answers. Includes video clips from Guy Kawasaki and Set Godin introducing new ways for the next generation of marketers to be thinking of their field.TRANSCRIPT
What 21st Century Marketers Can Learn from:
‘52 Chevys and Dinah Shore
And Marketing Truths from:
Guy Kawasaki – Enchantment
Seth Godin - Tribes
Students may download PowerPoint at the ASU SBTDC slideshare site:http://www.slideshare.net/hlawrenc/what-21st-century-marketers-can-learn-from
Who their target market was – 30 somethings in 1950s
Knew what their target market wanted
Knew Intangible Benefits sold better than Tangible Features
Sold “The American Dream”
Chevrolet Knew:
1952 World War II had only been 7 years Majority of American males had been in the
war Most born in the 1920s Grew up in the 1930s Great Depression
American attitude was the Allies won because of the U.S.
1946 Government introduced the G.I. Bill 1950s Government spent billions on
Interstate highways
A Little Background on Ancient History
Undergone challenges unknown in our generation Great Depression World War II
G.I. Bill created greatest number of educated professionals in U.S. History Growing Middle Class Large amounts of
Discretionary Income Wanted peace, stability, and
prosperity and STATUS
Target Market:
Fit the “ideal” Girl Next Door every man wanted to marry and help raise a family
Already known radio singing personality during the War Unlike “pinup girls” she was the wholesome
girl next door Men wanted to marry her…Women wanted to
be seen like her.
Why Dinah Shore
The First Video
Commercial ran from 1952 through early 1960s virtually unchanged except the model and color Television
Message ran consistently throughout to the target market
How Long
Had NOTHING to do with physical features Appeal was completely Intangible Appealed
to: Patriotism Need for prosperity and use of disposable
income Open road thanks to new Interstate Offered a “way of life” via a Chevrolet
http://www.asbtdc-asu.com/21st-century-marketers-52-chevys-dinah-shore-who/
What Worked
30 Somethings grew into 40 somethings and move to other GM products
The new 30 somethings were Korean war
Ford was coming out with new products
LESSON: Nothing works forever. Marketers are always looking for next “big thing”
Why it Stopped Working
KNOW who your target market is (best potential customer)
KNOW what their INTANGIBLE needs and wants are (and how your product or service SATISFIES)
KNOW Channel of communications your target market prefers to use
KNOW how to craft a COMPELLING STORY that touches the target market so they identify with your brand
DELIVER via a variety of media channels
Lesson for 21st Century Marketers
Text book point “Customer Satisfaction – the Value Proposition that MOVES customers from mere Satisfaction to COMMITMENT for customer retention
Apple vs Dell
The Value Proposition
Company Must Be Enchanting
Key from Guy Kawasaki you must: CREATE A DESIRED VALUE OFFERING COMMUNICATE THE VALUE OFFERING TO THE
TARGET DELIVER THE VALUE OFFERING
Article on Creating Value Propositions http://www.asbtdc-asu.com/how-to-write-a-valu
e-proposition-for-your-small-business/
Value Offering
Tribes and Seth GodinA New Marketing Paradigm?
Porter’s concept of the Matrix 1. MUST know your CORE COMPETENCIES (what
you do VERY WELL) 2. IF Core competency is better than
COMPETITION: Then you have a DISTINCTIVE COMPETENCY seen by
your customers over your competition 3. You INVEST in your Distinctive Competency
because it creates what you really want! SUSTAINABLE COMPETITIVE ADVANTAGE
Competitive Strategy Matrix
PROSPECTORS APPLE ANALYZERS ANDROID DEFENDERS BLACKBERRY! REACTORS Standard Cell phones
Tie these to smartphones and tablet industry
Finally: Miles & Snow’s Strategy Types
Why It Matters: http://www.mobile-ent.biz/news/read/infogra
phic-the-average-smartphone-user-spends-97-via-mobile-web/019141