Bmw Films Essay Example for Free

Bmw Films EssayThe primary issue faced by Jim McDowell is what to do for his b stationing securities industrying trial. He forget need to decide what direction BMW leave alone take in order to stay current in the target commercialise and position the provoker as the leader in the luxury car industry. A sub issue that Jim is facing is that in order for BMW to foundation start comp atomic number 18 to the ambition, it must be at the forefront of the marketing trend. There is always pressure on innovative marketing shake ups as a bad campaign discharge lead to severe wrongfulness in the company image and reputation. Decision substitutes.There are a number of substitute(a)s that Jim faces when deciding in what direction to move with the BMW marketing campaign. Develop more short films and word form a big serial break through of it. Develop a full length movie for the theatres Do nonhing to the animate campaign and move on to develop a new campaign To continue to use the existing BMW films gain developing a new campaign Creating new films on the heels of the superior films plus developing a new campaign Develop a full length movie plus developing a new campaign In order to decide the best alternative it is important to look at some key decision criteria.In this case the important factors would be delivery time, take chances, exist, competitive advantage, facility of implementation. Analysis of Industry In the luxury car segment, BMW and Mercedes have stand strong once against the strong competition from Japan like Acura, Lexus, Infiniti. In year 2001, BMW is second best luxury car seller, just shag Lexus amount the other ten major luxury brands. However, BMW only ranked 8th in media expenditures, which again proved the great success on their innovative campaign. In terms of customer loyalty, luxury brand customers do tend to stay among the top brands and are very loyal.There are always customers who displacement from BMW to Mercedes or the other way around. Since BMW has the competitive advantage of a younger clientele, it is very important for BMW to hit marketing campaign to young adult so they can look forward to own a BMW when they can afford one. Analysis of Company Evaluation of resources Alternative 1, 2, and 3 should only be considered as a short term alternative that can achieve quick beneficial results with no farsighted term prospects because all the alternatives evolve around the same film concept, which eventually will wear out and target audience will not be interested in it anymore.Alternative 4 takes into report card with BMWs long term goal, to be the leader in the industry with innovative campaigns. However, developing a new concept takes time and research before implementation, thitherfore some immediate alternatives needs to be done before the new campaign kicks in. Alternative 5, 6, or 7 will achieve that goal. Alternative 5 Introduce the BMW films to new markets that may have missed t he online films during the campaign period will modify BMW to entice an entirely new segment. By showing the films throughother mediums, BMW will be able to reach a wider audience plus raising the brand awareness.Since this campaign is so successful and unique, BMW can also discover DVD and make itas a collectible item. This alternative is hands-down to implement, low cost to run, low risk as the campaign is already running with huge success with good reputation. However, other companies may retroflex the idea and there is a chance that BMW will lose its competitive advantage as the films are getting overly loose to the original audiences that BMW targeted during the initial campaign period. Therefore, developing another campaign darn this is running is necessary in order to achieve BMWs long term marketing goal.Alternative 6 The other option would be to follow up with another series of films on the heels of the original films. BMW would want to keep the number of films low to try and blend them into the successful original films and not to market them as another series of short films. This alternative will require some time to prepare, and the cost will be much higher in comparison to Alternative 5, which will make it harder as BMW will need more resources in creating a new campaign at the same time. It is easy to implement as all the ground works are in place from the previous films.However, this alternative will have a higher risk than other options due to the high anticipation of BMW to enkindle high quality films. If any of the film receives negative feedbacks, BMW will risk losing out on the campaign inwhole, plus the reputation of the series. BMW will still keep its competitive advantage with this alternative as they are still the one who leads the marketing trend. Alternative 7 Creating a full length movie can be the next big campaignfor BMW. It is a new approach and will make the brand stand out of all others. The target audience is also much wi der in comparison to the initial campaign.It will take a long time to implement, and not as easy as short films because a full length film is more complicated in terms of plot and production. The cost will also go veryhigh that may use up all of BMWs resources in marketing. It is a 2 sided sword because if BMW is not placed enough in the film there is no difference in doing product placement in the James Bond movie series mean maculation if BMW is overly exposed in the film it may create negative feedbacks as it will look like an hour long commercial. The interest level of audience will also be much lower in watching a long commercial than a short film.Decision Criteria Chart Here is the chart for the best 3 alternatives (X? low score, XXX? high score) Recommendation Based on the analysis to a higher place it is evident that the appropriate course of action is to utilize the existing movies in the short term while developing a new full scale marketing plan in the background. By u tilizing the existing films BMW will be able to quickly get to market films that they have already completed. They will hinge upon the coat tails of the internet marketing, however by introducing the films to another target markets, BMW will hopefully build on the impact created by the original films.There is relatively low risk to this model because BMW has already invested in the films and by using different mediums to convey their message it is likely that an entirely new market segment will appreciate the films as the original audience did. Although the potential payback may not as great as some off the wall innovative idea, the concept behind cathartic the films to a different audience should allow more time and resources to develop another new campaign. If there are enough resources, BMW can also consider creating 1 or 2 more films to bend losing the competitive advantage toward the target audience.