Can Advertising Influence Our Life We Live Media Essay

Can Advertising Influence Our Life We Live Media Essay These days every one sees advertising in their life, however this person has not watched TV or listened to the radio. Normally,an average person who watches television 1 to 4 hours a daye. During these hours of watching Tv,there is a big profiibility, because it has an impact on peoples choices by showin them the new and available product that this person watches advertisement. It is powerful on attracting consumers psychologically, visually and also culturally. but the problem is that can these attractive advertising affect our life or not? The propose of this conceptual paper is to understand the influence of advertising on our life. In this paper I satudy forth part which is important in our llife such as culture, health and economy. Key words: advertising, effect on people life 1.Introduction These days advertising is Wherever you live in the world, whether it is Europe, America or Australia ,even you live in rural city you will see advertising. You can see advertising in several ways such as: newspaper , radio ,TV and billboard which puts up along the roadside,so it is ubiquitous and virtually unavoidable for the average consumer. In begin it si better to know what advertisment means:Advertising is a communication tool which by the marketers to inducing the potential buyers to purchase certain product or service. It plays a pivotal role in achieving the financial and commercial objectives of the companies concerned. The role of advertising is also vital in the cutthroat competitive environment . advertising shows to their demand a bit more of the marketers towards informing, educating and facilitating the customer as to how to have a timely access to certain product or a service in a novel and innovative way. The marketers are therefore devising ways to make advertising more effective.General Attitude of College Students Towards Consequences and Impact of Television Advertising in Pakistan 592 Despite the fact that advertising is an effective tool for the business along with its being an important element of the modern age and a fast growing industry, the public image of advertising is still a matter of great concern. (ODonohoe,1995). Advertising is criticized for its presenting misleading information, promoting adverse values, fake claims, subliminal seduction messages and persuading people to buy things they no longer need (Katona, 1964; Pollay, 1986; Pollay and Mittal,1993). Again, this industry is blamed of spreading unsustainable consumption patterns around the world over and encouraging excessive consumption. All the foregoing aspects are apt to hinder its effectiveness as well as efficiency as a marketing tool (Beales et al., 1981; Calfee and Ringold, 1987; Pollay and Mittal, 1993; Wright, 1986). Therefore, it is critical of the advertising concerns to follow the public opinion advertising for its for reaching impact on the economy, cultural values and our health. (Wills and Ryans; 1982.) 2)Effect of advertising on culture Culture is one of the significant aspects which is changed by seeing advertisement. Be for being of this part, it is essential to know what culture means that the way of life which includes beliefs, aesthetics and institutions of a civilization. This definition shows that culture is more effected by advertising, because images used in advertising are often idealized, they eventually set the standard which we in turn feel we must live up to. firstable, The essential goal of advertising is to convince the consumer that he or she would have a better life if he/she used this advertised product. Of course they also tell us the only way we can reach the level of beauty, intelligence, or some other value is through the use of their product. For example, with the Give your hair a Boost! ad, it is obviously counting on the woman with gorgeous hair who fills up the entire ad and is used to make you wonder if your hair is good enough. (Fruit Kicks) The text in the ad is minimal and that which is there is very weak in arguing for this products superiority. The advertisers main hope is when you go to buy personal hygiene products, you will remember the beauty of the woman and the healthiness of her hair. (Fruit Kicks) They are confident their target audience will transfer feelings they get from this womans appearance toward the product and will end up purchasing it. Secondly,advertisment affect on people daily progromm.for instance; if there is a sport that is getting a lot of attention by the media and gains popularity among your friends and society, you will more likely want to practice the sport and be cool with all your friends,so you will have fun with your friends and be more healthy because of the exercise you are doing. Also,our spoken language is impacted by seeing advertising.for example, the language used in an advertisement, many times, is influenced by the new generations with new words that may have not existed ten years before. This example is a proof of the development of culture as well. Indian example which shows us how advertising changing their Indian life. As village politician Chandraprakash Dwivedi said Now village girls want to dress like Rani Mukherjee in Bunty aur Babli this within four weeks of the release of the film. Men want a hairstyle like Radhe Bhayya in hit movie Tere Naam. Bindis. Many other aspects of culture have been sacrificed in favour of western influences. Folk music and travelling singers have given way to cassettes and compact discs. Although information and communication links that television, cinema, radio and newspapers have brought about are a lot; it is undeniable that they have had a very strong impact on the masses who watch them. Culture and social structures have suffered, as have traditional art forms and methods of communication. 3) Effect of advertising on our economy Advertising plays a critical role in a market economy. As Dr. Kenneth Arrow and the late Dr. George Stigler, said: Advertising is a powerful tool of competition. It provides valuable information about products and services in an efficient and cost-effective manner. In this way, advertising helps the economy to function smoothly-it facilitates the entry of new products and new firms into the market. 3.1-First, according to Georges quote, Advertising plays a significant role in the business cycle In a country in which consumer spending determines the future of the economy. Advertising motivates people to spend more by conveying useful information, which tells them about product and service choices, and accelerate the regular acceptance of new products and to lift the level of acceptability of established products, so Consumers who view the advertisement update their information and consumption decisions and may purchase the product. In fact demand for product, which advertisement showed, goes up so company s profit increase. Also this event cause on companys security, it means by increasing its profit,its finance is more stable, so company feel more safety. Finally, company decide to increase the number of its product or it wants to make a new product. for each of them it needs new employee. Thus, advertising makes a job or it increase employment in our society. For example U.S. advertising accounts for about 2.5 percent of the countrys $14 trillion gross national product. American consumers rely heavily on advertising to influence how they spend some $9 trillion annually on various goods and services. A 1999 study by one of the countrys premier econometric modeling firms, the WEFA Group, and Nobel Laureate in economics Dr. Lawrence R. Klein further underscored this economic impact. The study found that advertising played a key role in generating 18.2 million of the 126.7 million jobs in the United States in that year. 3.2-secondly,advertising reduce selling cost. Companies believe that advertising is one of the best way which can introduce their new product to their costumer even other people which do not have any information about their product. They know that it is impossible to introduce their product to each person face to face. It takes a lot of time. In fact their money and their time is wasted by doing this work. At least this event increase their product selling cost, so advertising helping them by showing their product to other people and reduce selling cost. 3) Effect of advertising on our healthy Effect of advertising on health Most people have learned what they know about health from personal experience,from friend and relative, form government , from the family doctor and ,,,,. Advertising is one of the way which is learned people about their health by showing the good point of their product ,which is goof for their health. In fact , these advertising influence people by making good impression that can persuade them. Some of these products advertising are not really good for the health. 1)For example tobacoo advertising. These companies use term such as light to misunderstand smoker by believing that brand is safer and reduce health risks more than others, so thy will continue to support these company by buying cigarette. 2)another example of which is make mislead smoker is that sometimes cigarette ads are placed next to wight loos ads in magazines. Many young girls suffer from weight issue, so when they see cigarette ads and weight they decide to use it more than before. In other hand, some of unhealthy products depict peoples imagine. For example: 1) Tobacco companies show smoking look glamorous and cool, so teens are so concerned with their image and want to look like the models that are in the advertisements, they will start smoking cigarettes. 2) Beer advertising shows that if you drink this brand of beer you may catch your dreamy girl. It is one of wishes that young boys have, so they lead to drink more this brand of beer. these daye Beer is the beverage of choice for many youth, and between 1998 and 2002, industry spending on televised beer ads increased 45 percent to $972 million. Figure2 competes beer with other alcohol drink .: According to this figure ,we understand how much beer advertising is successful than other alcohols drink such sprit and wine .it has more fanner because of its advertising

Essay --

Is DNA a cause of Depression? An overwhelming amount of the population suffers from countless disorders and diseases, a decent majority involving mentally specific illnesses. Amongst society, depression is a very common mental illness found in individuals of ranging in all ages from all sorts of ethnicities and backgrounds. For the longest time, specialized scientists and psychologists have conducted numerous studies on depression. These studies include causes and treatments; one of the main studies concentrated on the idea of whether depression derives from our DNA. Conclusive studies have shown that DNA is one of the main causes of depression. DNA is not only a cause of depression; it also plays a critical role in treating it. Even so, some sociologists would disagree and state that depression is only developed over time by traumatic events that occur in a person’s life. Depression is a mood disorder that can occur once in a person’s lifetime or it can be something that happens quite often. Many people are unaware that depression is quite common among his or her peers and his or her family members. Most of the people who suffer from depression do not seek professional help, due to a lack of knowledge of depression or embarrassment of the condition. Depression cannot only affect a person’s mental health, but it can also affect their physical health as well. When left untreated, depression can last up to month’s sometimes-even years (Tamag 2005). Depression does not have only one cause. There are other variables that cause depression. These variables include unbalanced chemicals in the brain, unbalanced hormones, traumatic events such as death of a loved one, and genes that are inherited from our parents (Staff 2013). Every p... ... fraternal twins became depressed, nineteen percent of the time the other twin became depressed. These findings are considered to be higher rate of depression in comparison to the nation’s rates. ("Genetic Causes of Depression" 2013) In a final analysis, countless research studies have concluded that vulnerability to depression is inherited from our parents through DNA. Individuals can be subjected to depression through family members, such as siblings due to the case studies of the twins. Due to the fact that genetics has such an explicit influence on the specified mental disorder, research has also provided a linking connection between DNA and treatment of depression. However, despite the countless studies researchers have conducted on the matter, there are still a plethora of cases to further enhance the knowledge of the linkage between depression and genetics.

Ray Ban Brand Audit

Following this powerful flow and the popularity reached with the Aviator, during the following years they Introduced In the market new versions of the classic model (this mime for shooting sports) with the â€Å"sweat bar†, and gradient lenses. Secondly, talking about lifestyle and cool, they introduced in 1952 another classic, the â€Å"Ray-Ban Wayfarer†. This model became popular in Hollywood and has been used by a lot of actors in several films (I. E. Blues Brother), getting more and more the â€Å"image† of cool and trendy during these years.Several other models were made, but between ass and ass the company's masterpieces remained the Aviator and Wayfarer. Still nowadays when we think about the brand these are the two first models that come up in our minds. In 1999 the brand has been sold to the Italian Ululation S. P. A for $million. Today Ray-Ban Is an Icon for young and cool people. The line that connects old-school with the present: models never changed and you can still find the high-quality that characterized the company for years and years.Their slogan is now (since 2007) â€Å"Never Hide†, encouraging people to show themselves in the way they are, authentically and without being afraid about external Judgments. History timeline The target-market has been set to focus on people between 18 and 34 years old. A huge gap with a lot of strong competitors. To lead the market today Ray-Ban can position itself referring to its strong key-points: Rich historical story and enduring legacy Design and style considered as â€Å"eternal† 0 products never changed since 1937! Aviator and Wayfarer occupies a unique place in costumer's mind â€Å"Classic is Cool†.Mental map Linked with the company's positioning on the market it is interesting and very important for managers to see what people think about the brand. As said before, an easy and useful way to analyses that is to create a mental map. According to the results of t he survey we made, here our mental map: Core Brand associations Going deeper with our Brand audit, here we have the most common â€Å"famous† association people link with Ray-Ban thinking about the Hollywood World. Brand audit Nowadays, more than in the past, managers are so focused on marketing and brands.All around us there is a huge variety between products and services that are almost the same and in the majority of the cases customers are driven towards a specific product. Instead we chose another brand Just because of a good marketing campaign and because of the brand. The power of brand is so way stronger than what we actually think. According to the literature (Keller, 2013) for that reason companies are studying brand and spending lot of money in marketing. Talking about accounting, if managers have to analyses ROI (return on investment) on the first hand, on the second one now they also have ROOM (return of marketing investment).As said before brands are strictly co nnected within costumers and the market where the company is working in. But in which way managers can analyses the overall situation to understand what they have to do to be more effective and profitable? They have to focus first of all on a Brand audit. According to the literature (Chipper, 2010) and following the definition used in accounting, an audit is â€Å"a systematic inspection by an outside accounting company including analyses, tests, sec.Even (Keller 2013), we can define a Marketing Audit as â€Å"a comprehensive, systematic, independent and periodic examination of a company, regarding strategies, objectives, marketing environment problems and opportunities that can guarantee the company to come up with a plan of action able to boost company's performance†. Brand Audit is necessary to understand where companies' brand stands and what is the value perceived by costumers. When analyzing we have some steps to follow. On the first hand, Internal Factors that are her e again sub-divided into three-step procedure.From the bottom to the top we have here fixing goals and scope, then the data collection and the final step with the report and analysis on what studied. On the second hand External Factors, these are more linked with costumers and the ways on how to improve brand equity. Mixing up internal and external factors managers can understand the firm's perspective and the costumers' one (so what the company think about the brand and what actually costumers think about it when they see it). These two perspectives should match up.In the table below you can see some of the most important elements from internal and external factors. Internal Positioning Brand Values Brand promise Voice Services linked with the product External Corporate identity Advertising Social Media Sponsor/member-ships Perceived health of the brand (Mildness. Com, â€Å"Brand audit†, Rob Williams, 3110112013) According to the literature (Keller, 2013), following these t wo aspects managers can come up with two necessary elements they have to analyses: Brand Inventory: analyzing how products and services offered by the company are earned and marketed.The brand can in that way be catalogued with its defined profile. As well as you analyses your brand managers have to do the same with competitors. Profiling competitive brands is necessary to comprehend differences or common pints. Goal is to analyses costumers and reach detailed information about what they actually think regarding the brand. According to the literature (Keller, 2013), two important outcomes can help marketing managers to analyses the brand are Mental maps and Core Brand Associations.Using mental maps asking costumers â€Å"When you think about that brand what comes up? You can understand what people think about your brand and what are the main points that are associated to it. Talking about Core Brand Associations, those are all the abstract associations costumers can give to the bra nd (I. E. When you think about Nikkei you think about Tiger Woods. And if some top athletes use the brand you probably link that brand with quality and reliability). When making a brand audit, another important aspect to analyses is the brand positioning.Where and in which way we want to show the brand, the target-market we want to reach. And of course the company's hypothetical positioning has to match p with costumers' brand perception. Linked with positioning is the Brand Portfolio. Here all the sub-family brands of the company are included, specifying the target- market where they are in and which product they serve. The brand portfolio must be clear and well defined, because costumers cannot be confused when they have to choose a product from the same company.In that case centralization problems can be reached really easily. Power grid Brand attributes Before digging deeper into the Brand attributes of Ray Ban, we should be clear about the definition of Brand attributes. In gen eral the brand attributes are the responses by a consumer to a brand (De Cornerstone & McDonald, 1998). Those responses depend according to Keller (1993) on their favorable or unfavorable knowledge about the brand, which results from their level of awareness and the image they have about the brand. These two core components are the heart of any brand attributes.Brand awareness is the consumers' ability to identify the brand with a specific product category (De Cornerstone & McDonald, 1998). Brand awareness is most commonly measured trough the following ways: Brand recognition- the consumer's recognize the following brand? Brand recall- The ability of the consumer to think of the brand when only been given the product category. ‘What brand comes first to your mind when thinking of sunglasses? Brand dominance- identifies the most important brand of one product category in the consumers mind. ‘When purchasing your next pair of sunglasses, which brand would you go for?Brand knowledge- this identifies how the values that are linked with a particular brand are perceived by the consumer. ‘Do you believe that the lenses of Ray Ban sunglasses offer you a full protection of your eyes? The second core component is the brand image. There are many different definitions on this term; Kettle (Kettle , 1988)describes it† as the set of beliefs held about a particular brand† or â€Å"a set of associations, usually organized in some meaningful way' (Shaker, 1992) A brand image can be seen as a unique collection of attributes that are connected to a brand in the mind of a consumer.The image can be influenced by many different factors such as, word-of-mouth, marketing or communication campaigns, slogan, logo or the packaging of the product. All of those factors should be taken into account by the management team of a firm and ruefully chosen to avoid a misunderstanding of the consumer by any chance. In this part we want to go deeper into the brand at tributes that are connected with Ray Ban in the mind of the consumers. We did not want to use second-hand research about this topic because the sources were not very reliable, that we could find on the internet.Because of this we decided to include one question into our survey that will tell us more about the attributes. We asked the participants of the questionnaire to write down what first comes to their minds when thinking of Ray Ban. In the following we would like to show the most common answers in bullet points: Figure The â€Å"N† of 34 participants is caused by the fact that not all people that took part in the survey filled out this question. The other answers that were given in the survey can be found in the appendix of this paper.As we can see from the results, two of the most names attributes are actual products of Ray Ban, the Aviator and the Wayfarer. This can be seen as a huge advantage for the firm, because also the overall attributes named by the participants of our survey were positive. Brand portfolio Before taking a closer look at Ray Bans brand portfolio it is important to understand hat a brand portfolio is in general, what it is used for and take a look at the main advantages and disadvantages of this tool.Keller(2012) define the brand portfolio as the set of different brands that a particular firm offers for sale to buyers in a particular category. The portfolio is a part of the brand architecture, that provides general guidelines about its branding strategy and which brand elements to apply across all the different products. There are many different opinions on the number of brands that should be included in the portfolio. According to Seafarer(1994) a large ND enjoy synergies in the development and sharing of specialized brand management capabilities, such as brand equity tracking, market research and media buying.Seeker and Cravings(1990) state that it enables the firm to build greater market share by better satisfying heteroge neous customer needs. On the other hand there are authors that recommend Just the opposite; to keep the number of brands rather small to assure the manageability. A larger number of brands could be inefficient because they lower manufacturing and distribution economies (Finked, Hogan, Knudsen, & T ¶random, 1997). Overall it can be said that the size of the brand oratorio differs within the different industry. The firms should continuously analyses their portfolio and revise if necessary.The main advantage of having and using a brand portfolio is clear to see, it gives the managers a clear structured overview about the firms current brand situation and can be and useful tool when making brand regarding decision I. E. Launch of a new brand or product line extension. The only disadvantage is that a good brand portfolio can be quite time and cost consuming when first set up and regularly updated. After we now know what a Brand portfolio is let us take a closer look on the case of Ray Ban. Ray Ban offers four major products to the customers, Aviator, Schoolmaster, Jackie Ooh and the Wayfarer which then come in different designs.The Aviator line typically has dark and reflexive lenses and the characteristic very thin metal frame with a double or triple bridge. This model was the first models invented by Abash& Lomb, the inventor company of Ray Ban, and branded as a Ray Ban. (www. Arabian. Com). In 1956 Ray Ban expended their product portfolio with the Wayfarer line. The new plastic design of the glasses frame was revolutionary at that time. The wayfarers had their highest point of popularity in the asses and asses and hen slowly faded away. A big re-launch and a new marketing campaign brought them back to the surface in the asses.Since that time the sales have been constantly increasing. The third style of the ray ban is the so called Schoolmaster. It was brought on the marked in the late asses and was already a retro style at that time. It became especially very famous in the Jazz scene in these days, due to the fact that it was worn by many of the musicians. Nowadays the Schoolmaster has its largest number of followers in the hipster scene, where it is considered as a trendy-retro style. All of the three models come in designs for men, women and unisex.But there is also one model in the portfolio that is exclusively made for women, the so called Jackie Ooh. They are a bold, distinct, modernized version of the classic feminine shape that will, according to ray Ban, bring lots of real estate to the face. (www. Arabian. Com) Brand Elements According to Kevin Keller on his book strategic Brand Management† Brand elements or brand identities can be all those things that serve to identify and differentiate the brand. It can be the brand name, logo, package, etc. These things play a big role of building the brand awareness and make brand differentiation. Eye see a particular brand elements without anything else related to product, also brand elements are very important for building the brand equity. By looking on our brand Ray Ban, we can notes and analyze six different elements for it as the following: Name: The name of the brand which is Ray Ban† is one of the most important element of the brand, this name has a good impact on the customer feeling. By looking at the name we can see that the name is real and easy to say that people use these words often, also easy to remember.In addition this name meaningful that the meaning of it is to protect and prevent people eyes from sun says. Furthermore it's easy to translate this name to other languages to get the meaning of it if that's necessary some time. URL: The URL is the domain names for the brand which is located on the web. Ray ban official web domain name s www. Ray-ban. Com this domain is really clear and easy to memorize because it's linked directly to the brand name. In addition Ray ban give the ability for customer to add on the domain name the country nam e which make the website open in the country language.Logos: The logo of the brand is the virtual element which has the picture inside customer mind. For Ray Ban we can see that it has three logos with colors of red and white or black and white but in all of them we can Just see the name of the brand written in special way without have any pictures which has a benefit of shown the name of the brand everywhere that make people memorize and remember the brand all the time. Also the logo with Just name without pictures prevent the company in future if another company come an use a similar picture.Slogan: The brand slogan is a short phrase that communicates persuasive massage about the brand especially in advertising, which can play an important role of alluding the brand awareness and in marketing programs. Ray Ban has different slogan which change from time to time, in the past they used be cool† or ‘Style needs no introduction† and now they use Never hide†. Th ese different slogans have in general the same massage but in different way which is this brand make you that person who is stylish and want to show off.We can also see the power of Ray Ban Company which all the time update his slogan depending on the market and which encourage people. Jingles: Jingle is the special music for the brand which when people listened to this music it linked them with the brand. Although Jingle has a benefit of build the brand awareness and make customer remember the brand but Ray Ban doesn't have a Jingle, they use a classic music in advertising which still has the benefit of have a different kind of music to cover the different kind of customers.Packaging: Packaging is the activities of designing and producing containers or wrappers of a product. Like other elements, packaging plays a role of building the brand awareness and gives the brand a specialty. Ray Ban has one package design for sun glasses with different colors, which has the advantage of buil d one package mage inside customer mind and makes them link this design with Ray ban. At the end all of these elements work together to build the brand awareness and the brand equity by delivering the same massage with the same ton of voice.Which all these elements talk with informal way because the big group of target market is young people, also they have the massage of giving the people who has a Ray Ban Competitor analyses Key competitors In the following we would like to take a closer look at the key competitors of Ray Ban. In order to survive in a market you have to know your competitors, as good as Seibel. A key competitor can be any person or business in the same industry, or a similar industry, which offers a similar product or service.If there are one or more competitors on the market that can lead to reduce in the price of the offered goods or services. Competition also leads to the fact that the companies have to become more efficient in order to lower their costs, and s till be able to compete in the future. Going by that definition almost every brand on the sunglass market could be seen as a competitor to Ray Ban, that is why we focused on brands which can be found also thin the same price and style segment and share a similar target group. Person Person is an Italian luxury aware company that is focused on sunglasses.Formed in 1917 they have a long tradition in producing glasses. Person aware was originally created for pilots and sports driver, which gives the company a strong advantage since they were focused on high quality and durable products right from the start. Especially for Ray Ban ‘s â€Å"Wayfarer† series, Person is a strong competitor with its Vintage Celebration† series. These glasses are very similar in terms of style and quality. Dolce & Cabana Aware The firm Dolce and Cabana was founded in 1985 in Italy by Domenici Dolce Stefan Cabana.The firm started out by offering a women's line with the whole range of clothi ng products and accessories. In 1990 they presented their first male line which increased their market share dramatically. The brand stands for luxury and timeless designs and they offer styles for every occasion. They launched their first aware collection, including glasses and sunglasses, in 1992, which was a huge success right from the beginning. Their designs are modern and ever fashionable but also include classic pieces. Oakley The Oakley Inc. An American based manufacturer for sports equipment and sunglasses that was founded in 1975. Their main advantage is that they use actual athletes to test their prototypes and work together with them to assure high customer satisfaction on the actual product. Almost all of their glasses have a very athletic look and most of the styles are very pricey. Their main and advertisement is done by sponsoring international sport any kind and the United States Olympic Team. Maim Jim communication events of Maim Jim is an American based manufactur er for high- end sunglasses.That was brings them pretty close to Ray Bans products. Most of their advertisement campaigns feature oceanic and sporty themes. Maim Jim appeals to an older demographic target group and goes more towards high quality then the up. To date fashion. This brings them in terms of their very close to the Ray Bans. Positioning map sports glasses designs The following map places the different brand by two major aspects their price and their design. The price can be found on the x-axis, which goes from affordable to expensive.The main problem is to define the term â€Å"expensive†. From which point on are sunglasses expensive and when are they still affordable. For this case we used a detent point of view on the pricing. On the ordinate of the map you can find the design factor of the sunglasses, the scale goes from classic to contemporary. If taken a look at the positioning map above, it's clear to see why we have identified these brands as the key compet itors for Ray Ban. They are all going for a similar target group, and market their products in the upper end price range.The sunglasses of Person, Dolce& Cabana and Oakley are manufactured by Ululation, Just like Ray Ban. Here lays the main obstacle, in keeping these brand, that seem so related clearly separated from each other to avoid cannibalism. Rent strategy Ray Ban currently uses an effective and clever marketing strategy to reach a lot of people worldwide. They make use of the internet through viral marketing and guerilla marketing. Guerilla marketing heavily relies on imagination and energy instead of big budgets or other expensive methods.Guerilla marketing makes a big impression over traditional media and has the possibility to achieve impressive recall numbers Just by interacting with consumers on a personal level (Elevation, 1984). We think that the usage of guerilla marketing is extremely beneficial for Ray Ban since it ill enhance its brand perception, has financial be nefits and increases the interaction with potential customers as well as enables the power of worth of mouth. On the contrary, making use of this somewhat reckless strategy could also result into misconception. It can be seen as offensive and hostile.On top of that there is no real method of measuring the return on investment of guerilla marketing. For Ray Ban it is not all about the entire brand message. They communicate it mostly in printed or television advertisements. These adds are not telling how cool sunglasses are, or how extremely resilient those of ray ban are. What they do try to tell you is that owning a pair of ray bans is cool and will boost your image. Another thing that Ray Ban consistently does is their communication. This is implemented in both their offline as well as their online campaigns.By combining multiple media channels and consistently communicating one message but in different ways they make sure that description: Age: Prominently people in the age group of 22-40. Generation X and Y (the young and middle aged) Income: Family income greater than average. Education: Well educated, graduate or post graduates. Occupation: Working professionals or students. Product placement The 1983 comedy Risky Business is both the movie that launched Tom Cruiser's career and the movie that saved Ray-Sans Wayfarer sunglasses from extinction.Cruise plays Joel, a suburban high school student whose parents go out of town for the weekend, leaving him free to dance around the house in his underwear. His character wears Ray-Sans Wayfarer sunglasses, which became so popular as a result that 360,000 pairs were sold that year. This is a perfect example of how Ray Ban nowadays makes use of movies for their product placement strategy. This film was just one of the many that followed up on the success of combining sunglasses with celebrity endorsement in movies.The sudden rise in popularity of their model the â€Å"wayfarer† happened since Ray Ban and the m ovie Twilight made an agreement that their cast would wear them in the movie against an incredible price. This resulted in a massive increase of sales since a lot of people wanted to be as cool as the characters in the movie. Pricing The price strategy of ray ban can be categorized as â€Å"price skimming†. This is a concept where the firm starts with asking a high price for their product, because here is a clear demand and customers are sure to pay the price (Investigated. Mom). After a while the demand of the initial target customers will be satisfied, the firm will lower the initial asking price once this happens. This is in order to attract and persuade more people to buy the â€Å"old model†. With this they try to aim for a more price sensitive segment. The skimming strategy received its name from skimming layers of cream, as prices are lowered over time. SOOT analysts Survey The survey for this assignment was done by Google Drive and the final results were

Basics Of Buyback Programs The Financial Crisis - 878 Words

When companies reach higher degrees of success, they will eventually find themselves in the position that they are generating more cash they can reasonably reinvest in the business. The financial crisis has caused investors to pressure companies to distribute the accumulated wealth back to shareholders. Typically, companies can return wealth to shareholders through stock price appreciations, dividends of stock buybacks. In the past, dividends was the more common form of wealth distribution. However, as corporate america becomes more progressive and flexible, a fundamental shift has occurred in the way companies deploy capital. Instead of a traditional dividend payments, buybacks have been viewed as a flexible practice of returning excess cash flow. Buybacks can be seen as a signal as an efficient way to put money back into its shareholders pockets, as recently demonstrated by Apple’s capital return programs. Basics of Buyback Programs In recent history, leading companies have adopted a regular buyback strategy in order to return all excess cash to shareholders. By definition, stock repurchasing allows companies to reinvest in themselve by reducing the number of outstanding shares on the market. Typically, buybacks are carried out on the open market, similarly to how investors purchase stocks. While there has been a clear shift in wealth distribution from dividends to stock repurchasing, this doesn’t mean a company cannot pursue both. Apple has a robust capital returnShow MoreRelatedImf Chief Economist Olivier Blanchard1323 Words   |  6 Pagescolleague Daniel Leigh controversially found that the multiplier was considerably larger (up to 1.7) than expected (0.5) when governments reduced public spending or increased taxes as part of austerity programs after the crisis. The simultaneous reduction of debt by governments as well as the financial sector, corporations and individuals led to a sharper contraction than expected. 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