The Impacts of the Digital Revolution On Bands in the Music Industry Positive Impacts • Higher profit potential -The Internet provides bands that do not have contracts with a traditional record company access to a worldwide distribution channel that offers them a much higher profit potential. Most internet-based record labels offer royalties of 50%‚ compared to 12-15% offered by the major record companies. Royalties are higher partly because the packaging and distribution costs associated
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Introduction: Defining the Digital Native and Digital Immigrant Though the terms themselves are fraught with colonialist and imperialist connotations‚ they will nonetheless serve as an entry point into a discussion defined by a radical shift in society brought about by the ever-pervasive and widespread use of digital technology and the societal and psychological implications of this digital technology. In 2001‚ Marc Prensky‚ an internationally acclaimed thought leader‚ speaker‚ writer‚ consultant
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Strategy Experience Case Study Assignment Course: Strategic management WRSX GLOBAL ADVERTISING & MARKETING COMMUNICATION Phase 1 Introduction The aim of WRSX is to become a specialist provider in order to improve the competition in the business processing. As a specialist provider‚ the company can provide more service to the existing customers and attract more new customers for the company. To diversify and move into foreign markets‚ a variety of considerations
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Global Marketing Management: Planning and Organization Section A: Global Marketing Management Global Marketing Management: An Old Debate and a New View: The approaches to global marketing have revolved over the decades. The following trends have been observed: ▪ 1970’s: “standardization vs. adaptation” ▪ 1980’s: “globalization vs. localization” ▪ 1990’s: “global integration vs. local responsiveness” ▪ 2000’s: mixture of global‚ localization The recent trend of mixture of
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Management Information Systems‚ 11E Laudon & Laudon Lecture Files by Barbara J. Ellestad Chapter 10 E-Commerce: Digital Markets‚ Digital Goods Twenty-four/seven–the mantra of the Internet. Whether it’s buying‚ selling‚ gathering information‚ managing‚ or communicating‚ the driving force behind the evolutionary and revolutionary business is the Internet and its technological advances. 10.1 Electronic Commerce and the Internet Take a moment and reflect back on your shopping experiences over
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Targeting the Global Youth A Report 10th January 2008 Table of Content 1. Introduction 2. Cross-border Segmentation 1 1 3. The Global Youth 2 3.1 Global Youth Culture 3.2 Youth as a global segment • • • Identification Accessibility Profitability 2 4 4 6 7 8 3.3 Problems of researching and defining 4. The Global Youth Market 4.1 Opportunities in terms of product and marketing strategy 4.2 Problems and limitations to market such a large segment 9 9 10 5. Company example: Red Bull
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Digital Marketing Strategy for Funky Ape Cooler Bags 1. Introduction & summary of the business For our group product design and mock up we took the idea of a wine cooler bag with a funny slogan as an inexpensive product which would both be a useful way to promote our idea of a new wine store called Planet of the Grapes and also bring in revenue in it’s own right. 2. Company Objectives: Overall goal: Be Ireland’s leading online retailer for wine cooler bags
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The new Digital era Welcome to the new life‚ as we know it. The days of eating dinner as a family‚ talking about how our day went is long gone. Now families eat on the go and speak to each other by cell phone or text messaging. Are we losing the face to face conversations‚ will we end up like the Disney movie Wall-E and hide behind a computer screen with avatars to represent what we want to look like. Even though‚ a lot has changed with technology we need to come back to reality and realize that
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Global Marketing Management Planning and Organization Global Marketing Management “Companies must learn to operate as if the world was one large market.” - Theodore Levitt (1983) Global Marketing Management I. II. Global vs. International Marketing Standardization vs. Adaptation Controversy A. Benefits of Standardization 1) Cost Saving 2) Levitt’s Argument 3) Uniform Brand Image 4) Improved Coordination Global Marketing Management B. Advantages of Adaptation 1) Differing Use Conditions
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Digital Natives and Digital Immigrants Digital natives and immigrants are the one that move technology innovation around. What is digital native or immigrant? Marc Prensky tells us that our students today are all ‘“native speakers” of the digital language of computers‚ video games and the Internet” (Prensky‚ 2001). Digital Natives are young people that were born in the late 1990’s. Marc prenskey defines digital immigrants “were not born into the digital world but have‚ at some later point in
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