1.Basically, these two options have two different advertising objectives. The first one targets at POX’s new features while the non-traditional one tries to attract customers from the fantasy and the story behind POX. Therefore, I support to have a campaign that uses primarily television and print advertising with the expected cost $1.4million since matching the product’s value proposition with the communication strategy would be crucial for a new product launch. First of all, I analyze the POX value proposition1 to come up with the positioning statement:For tweens loving games, concerned with always being constrained by places and time. Hasbro’s new product: POX provides stealthy and instantaneous play among all game units because this small handheld device with RF embedded allows you to play with friends anytime and anywhere.
Apparently, the exact advertising objective is to announce game players that POX can provide real-time multi-players battles engaged anytime, anywhere, and full of controllability. The content consists of emphasizing the following product characteristics: high portability with RF wireless technology, free and remote links among players, stealth play and easy-to-carry size.
Hasbro is a leading role in this industry so some audiences, notice that tweens are somewhat loyal to their brands, will notice and be lured by its new advertisement; I think that the traditional advertising method would be a fast and forthright medium to address POX’s existence and capabilities. Also, giving a direct TV advertising narrating the POX with high-tech and coordination abilities, which are values emphasized by tweenagers, can create a “bang” effect; these persuasions are hard achieved by the non-traditional proposal.
The Essay on First Amendment One Advertising Product
The largest money-making industry in the United States today is advertising. During events such as the Super Bowl, companies pay large sums of money in return for thirty seconds of air time. Advertising is the act of promoting a product by informing the public of the products worth. Whether it be television, radio, or newspapers, companies must find a distinct name and phrase that one can ...
Additionally, POX target consumers are tweens collecting trading cards, playing computer games, and/or owning Nintedon Game Boy, showing these segments are prone to stay at home and pay attention to new games; thus, TVs and gamer magazines are more effective and weighty vehicles to enhance their awareness. Besides, according to the marketing research, the specific segment indicates that battle mode is a secondary desire; notably that the battle and collectivity are not unique features. In other words, the back story itself is less fascinating if not combining with new features. Therefore, adopting the non-traditional way focusing on alien plot set up in the small town, the power of impact would need more measurements, might relatively seem to be less influential.
Observe the value proposition of POX again – the RF design with small portable device – Stealth Play. Doing the direct “informative advertising” can educate users the attributes of POX, thereby attracting the target kids. For this purpose, I think TV can vividly demonstrate the features and teach how kids can enjoy those benefits. Moreover, due to the cutting-edge technology which allows kids to battle in secret and in surprise, POX can be promoted in a way comparative with other current game units, such as Game Boy; doing “persuasive advertising” can make customers understand that POX is far exciting and instantaneous than any other competitors.
Using an old airplane hanger as a location for the fictitious discovery of the alien POX may arouse discussion but the main decision depends on the true capabilities and their desires. On the one hand, after realizing it’s a hoax, how many target audiences will truly memorize that is a machination from a game company and will understand POX’s novel characteristics? On the other hand, how many kids would truly pay attention to news?To sum up, according to the outstanding features of POX and of the main consumers, namely tweens, Hasbro should go with the traditional campaign to launch this new product.
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My favorite sport is soccer. Soccer is my favorite sport because it is so much fun. It is a lot of work, but the game is worth it. Soccer is also a very rough game. Many people that I know do not like to play because the game last very long, and you have to really work hard no matter what position that you qualify to play.I began to really like soccer after I played at the very end of my freshman ...
2.This toy-and-game industry is highly competitive, and thus a direct communication channel is filled with clutters; carry the right information while mix the communication media is a key to successfully transmit the value of POX.
First of all, although the target consumers, tweens are frequent shoppers, sometimes parents are still the main purchasers; in order to retain these potential buyers, the way POX describes the tech for “Stealth Play” should be modified, putting slightly different information between TV, which the ads would be noticed by parents, and gamer magazines that the former can focus on the portability and low-price while the latter would emphasize its excitement of sneak and controllability.
As to main customers, print ads can put more details to deliver information precisely; however, 8-12-year-old children might not be interested in technical terms or specs. The advertisements on gamer magazines should use more images, pictures, slogans, and with some short descriptive feelings conveyed by their fellows. I think the best way is to use the style of comics with distinct pictures of POX, putting slogans and just some short sentiments to be continued. Therefore, kids would grasp the concepts and expect more.
Second, since TV ads might be easily forgotten with time passed, combining other communication paths can reinforce the product image; Hasbro can control the frequency which means it should disseminate less via TV and put some force into internet, for example, uploading online videos (YouTube) describes the fun of POX (user experience) by shooting the market research groups. These videos could be more “real” for consumers since TV ads sometimes are viewed as over-exaggerated.
As well, the main user – tweens – values friends, fashion, and latest trend; after conducting the market research, Hasbro heard some of positive comments and then can give those POXs to the kids who can influence their pals. A high-tech game unit unavailable in the market, POX can create the buzz in the target market; meanwhile, Hasbro’s marketing & sales people can play POX in places where bunch of kids usually get together to spread the craze of POX and get the first-hand feedback, truly permeating through the potential users.
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Eugene Fama was an undergraduate student at Tufts University when he first began to develop an interest for economic theory (Tuft's E. Newz). Mr. Fama worked for a professor who was trying to develop a "buy - sell" formula for the securities market based on price momentum (News-School). The phenomena accompanied with his study, plus the skills that he acquired while evaluating stock market data, ...
