1. The demand for the Wii console is relatively elastic because it has close substitutes which are the PlayStation 3 and Xbox 360 and consumers will tend to shift to others if the price of Wii console increases or if it happens that there is no availability left for it after its first hot lunch. 2. The supply for the Wii console is relatively elastic because the quantity to be supplied is determined through the price. Also in most markets‚ it is said that time period is considered as determinant
Premium Video game console Xbox 360 Wii
Nintendo Wii Case Analysis The Wii is a video game console released by Nintendo on 2006. It is the 7th generation of the Nintendo family. Today it competes with Sony Playstation 3 which was released the same year and Microsoft Xbox 360 which was released a year ago in 2005. Why Wii? Well‚ they say that Wii is more than a game machine. It is a social and active entertainment that brings the whole family together. How they have achieved this is by innovation in their gaming console. The Nintendo
Premium Wii Video game console Xbox 360
Nintendo has pursued a fundamentally different strategy and business model with the Wii console than that of its competitors‚ the Microsoft Xbox 360 and Sony PlayStation 3. The heart of Nintendo’s strategy was the assumption that consoles do not necessarily require leading-edge power and performance. This is a radical stance since the gaming industry traditionally competed on technological performance‚ graphic quality‚ and game realism: factors valued primarily by die-hard gaming fans. Nintendo shifted
Premium Video game console Video game Nintendo
The mid 1980s brought their first home entertainment gaming system‚ the N.E.S. (Nintendo Entertainment System). Since then the company has been an industry leader in new software and game system development. Their latest game system is called the Wii. The Wii has enjoyed extraordinary success since its introduction in 2006. This SWOT analysis will focus on this new game system. SWOT AnalysisA SWOT analysis is a strategic planning method used to evaluate Strengths‚ Weaknesses‚ Opportunities and Threats
Premium Video game console Nintendo Super Mario Bros.
Case 2 Responding to the Wii Question 1: How structurally attractive is the videogame console industry in 2008? There has been a lot of competition in the market of gaming console producers after the videogame industry started in 1972 when the television maker Magnavox introduced its gaming system Odyssey. Other producers like Atari quickly developed their own gaming systems and competition in this market was a fact. Over time other game console producers joined the market such as Nintendo‚ Sega
Premium Video game console Xbox 360 Wii
Nintendo ’s Wii three main target consumer groupsNintendo discovered that in order to succeed in its business undertakings‚ it needs totarget different groups of consumers that are sure to earn them a substantial profit. Ittherefore purposed to intensify its promotion strategies to high earning individuals most ofwhom were young adults and therefore interested in video games. Their target customerscomprised of members of the armed forces that were mostly interested in golf‚ teachers thatmostly took
Premium Wii Nintendo Video game industry
GLOBAL MARKETING STRATEGY OF NINTENDO WII GLOBAL SEGMENTATION‚ TARGETING AND POSITIONING AND PROMOTIONAL ADAPTATION Introduction 1. This essay focuses on the global marketing strategy of the Nintendo Wii‚ in particular the segmentation‚ targeting and positioning strategies and the communication adaptation adopted for the promotion of Nintendo Wii in the three key markets of Japan‚ United Kingdom (UK) and United States of America (US). Background 2. The gaming industry comprises of three key
Premium Video game console Wii Nintendo
Vincent Tan 1206771F 1. Wii is a game console product that involved physical actions of a human‚ it’s not a video game that people would only move their fingers in order to play. The console let one get involved in physical movements in order to play. A good way to promote healthy gaming. 2. The reason why Wii is here to stay is because of the games‚ as most of the games are more suitable for family and girls. Their target is not only hardcore gamers but family and younger generations
Premium Video game console Wii Game
Product lifecycle of the Nintendo Wii Key: 1. INTRODUCTION 2. GROWTH 3. MATURITY 4. DECLINE A production life cycle illustrates the phases that a product goes through during its existence. The graph above shows the growth of the Wii since its introduction in 2006 when it was launched onto the market. The continual upwards sloping line shows no sign of decline as after five years it is still at the top of cutting edge technology. This shows that Nintendo has redefined what was traditionally
Premium Wii Video game console Nintendo
Wii – Nintendo’s Video Game Revolution Problem Statement: Nintendo’s George Harrison needs a solution to deal with chronic product shortages when unexpected demand exceeds supply despite the increase in manufacturing capacity. Preventing product shortages would also eliminate an opportunity for competitors to increase market share in a highly competitive electronic entertainment industry. Objective: To develop a product planning strategy to effectively
Premium Video game console Wii Nintendo