The internet offers competitive pricing, easy access and convenience, customers can personalize services. The worldwide web not only features products but also services that allow consumers to pay their utility, credit card, mortgage and car bills online. Customers can search travel destinations and make reservations for airfare, hotels, and rental cars from the comfort of their own home. Technology advancements have made connecting to the internet easier and affordable; many businesses offer hot spots for Wi-Fi access. More and more companies are using the internet to promote new products and services.
* Customers: Sales are the biggest part to keep the music industry running. So customers are acting an important role to affect the music industry either they keep purchasing or not. * Partners: As the well being of technology. Many new partners are showing up this few years, such as iTunes – A digital platform for customers to purchase music online. Besides, YouTube – A video website that can help artists to share their music all around the world in a second.
Assignment 1 – Product Assessment Dr. Irene M. Zoppi Rodriguez Marketing 10004VA016-1126-001 July 28, 2012 Discuss this product or service in terms of its current target market demographics using U.S. Census Data. The product I chose was compact discs or CD’s. The sales of CD’s has been declining for awhile now and has fell 14.8% from last year. The target market for CD sales is people of all ages – including teenagers, young adults, and older people alike. CD’s are recordable devices used for music, movies, use in computers, and other recordable data.
Businesses can develop core competencies by identifying key internal strengths and investing in the capabilities valued by their customers. Ads by Google Find the Top Innovations IdeaScale Decision Matrix Software Sign up to learn about ReviewScale. ideascale.com/reviewscale Innovation Innovative companies have a competitive edge in the marketplace. For example, one of Apple's core competencies has been its ability to produce cutting edge and "cool" designs. It introduced the iPod as a "cool" way to download and listen to music.
It was in this time that Apple moved into the digital music space as a provider and distributor of music content. This came as a signal to the end of the previous innovation, the CD which was largely used to save music. Apple came up with a new technology and created iTunes as an online service where people could download legal, high quality songs for a very reasonable price. With the advent of this technology (iTunes) and the ease with which music was available digitally for download, the trend toward digital music was clear. This trend slowly opened up the fast growing demand for MP3 players that played mobile digital music, such as Apple’s iPod.
The photographic paper market similarly declined from a peak in 2003 to about 60% of the size by 2011 (4). In short Kodak lost ground in its shrinking primary market which had been a much better revenue generator than digital proved to be (5). Kodak belatedly declared a digital strategy in 2004; eight years after its revenues had peaked. This strategy was still based on photographic prints as an end point for consumers, which proved flawed. Kodak both invented and successfully marketed professional and consumer digital cameras.
Apple also offers services such as iTunes, which helps you, organized your music, video and picture files. On iTunes you can also purchase music, movies and save it on your device or computers, they also have share files such as iCloud, which allows you to store and access your files from any devices you own. Apple continues to create bold visionary products that earn the envy of technophiles worldwide as Apple re-images itself as a “Digital Lifestyle” company. (CNN Money) Purpose The purposes of this analytical report of Apple Inc. are to inquire about possible staffing opportunity. Kelly Services can supply Apple Inc. with a steady flow of qualified software and hardware engineers to meet the changes Apple Inc. will face in created the next generation of operating systems and devices.
At the height of the movie rental industry revenues hit $11.6 billion (“Video Tape Rental” 2012). Blockbuster Video was the largest video rental company in the US and around the world until it was bought by Dish Network in 2011 (Sakthi Prasad 2011). The movie rental industry was attacked by digital rentals since pay per view emerged, but it wasn’t until digital rentals online became popular that any real dent was made in the video rental revenues. Netflix emerged with a new concept of renting DVD’s via mail order with no late fees and as long as a customer desired to have the DVD. Their business concept included a subscription with unlimited rentals at one movie at a time.
[pic] An Attempt to understand the Case Study on Creativity at Apple Abstract Apple is known for their innovative products such as the Macintosh computer, ipod, ipads and the first legal, digital music store for downloading songs- iTunes. Apple Inc. is a multinational corporation which was previously known as the Apple Computer Inc. for its first 30 years of operations. But Throughout the past two decades, Apple is gradually losing market share in the Personal Computer market. Their market position has dropped from 1st to 9th position within 2 decades in largest Personal Computer (PC) firms. Their level of profitability has also significantly decreased from 20% to merely 0.4%.
1. I think Nederlander Concerts does compete with TV, movies, CDs, DVDs, streaming videos, and sports events. Even though Nederlander Concerts is a well-established business in an area that has a high demand for famous artists, technology has made it possible to listen to new music in the comfort of your own home without paying an outrageous amount. Nederlander has to compete with today’s technology, and sporting events now have many famous artists perform at their games so it’s like buying one ticket for two shows. Nederlander should focus on advertising through specific media channels such as YouTube, and iTunes.