Preview

Case Study 3: De Beers Billion Dollar Ideas

Satisfactory Essays
Open Document
Open Document
418 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Case Study 3: De Beers Billion Dollar Ideas
CASE STUDY 3: DE BEERS- BILLION DOLLAR IDEAS
Q1: What factors contributed to the success of the De Beers Beacons campaign?
De Beers conducted a market research and it ensue the desires in female consumers in wanting to upkeep and perpetuates their own personal three stages of love: past, present and future. Their relationship should “reflect upon the journey shared as a couple in the past and present day, and look forward to the many happy years that lay ahead.” Next, De Beers concentrated on ‘heavy users’ as their targeted audience as this type of consumers already own more than eight pieces of diamond jewelry. This shows that they already know the value of the diamond jewelry and De Beers is focusing on increasing the lifelong value. Moreover, De Beer’s communication objective was to create awareness and desire in their targeted audience regarding the Beacons campaign. This creates a long-term strategy and brand loyalty. Lastly, emotional values were implemented by creating the means and relevance invoked towards the customers around the Beacons campaign; the three stones in the rings symbolizing the three stages of love.
Q2: Applying McGuire's information processing paradigm, discuss the campaign approach McGuire's Information Paradigm.
The message is Presented to the target audience.
The target audience Pays Attention to the message.
The target audience must Comprehend what is in the message.
Once target understands the message, they must now Yield or positively accept the arguments in the message.
The target audience must Retain the arguments presented to them.
If the message is ultimately successful, the target audience will in fact Behave as urged by the message
Q3: Discuss the impact of the planning sequence on the campaign.
Step One: Target Audience Action
- "Heavy users" of diamond jewellery.
Step Two: Communication Effects
- Category need, brand attitude, and brand awareness.
Step Three: Processing
- Created new occasions to buy the beacons range.
-

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Discontent is building against executive bonuses of more than 1 billion euros ($1.33 billion) at Anheuser-Busch InBev triggered when the brewer cut its huge debt two years ahead of target. This 2008 exceptional option grant was set to vest if the group's net debt to core EBITDA profit ratio fell below 2.5 times before the end of 2013. The actual debt ratio fell to 2.26 times by the end of 2011 which is 2 years early. This bonus issue annoyed the group managers and office staff who are seeking for work security guarantees according to union officials while Brito, the CEO of AB-InBev appeared to have security up to 2019 when his options fully vest. This annoyed both the white collars and blue collars…

    • 486 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    New Belgium Brewing had many considerations to ponder when they choose Asheville, NC to be the newest home of their company. Some of the factors included were, location, water availability, water quality, and the community values of the area. The city itself researched and analyzed how NBB would affect their community as well. The benefits anticipated from the endeavor were infrastructure improvements,new jobs, riverfront, commercial and residential redevelopment and an economic boost for the community (Dahl, 2015). The potential offered by the venture was considered a great opportunity for both parties involved.…

    • 250 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Anheuser-Busch is America’s most popular brewery. At Anheuser-Busch we only accept excellence in the products we make and excellence in the people that help make them. With 46.4% market share in the U.S., we pride ourselves on the ability to take only the finest ingredients and produce world-class beer. Anheuser-Busch has strong brand awareness and loyal consumers. With that said, we face the challenge of potential loss in market share due to an increase in craft breweries and changes in our consumers taste.…

    • 235 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    4) What actions must you take before and after the message is delivered to ensure that it was received as intended?…

    • 595 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Though most companies commonly mentioned as examples of ethical and socially responsible organizations are large corporations, it is the socially responsible initiatives of small businesses that often have the most impact on local communities. These businesses generate jobs and provide goods and services for customers in smaller markets that larger firms that often are not interested in aiding. Additionally, they also provide money, resources, and volunteer time to local causes. Their owners often work as community leaders, and many choose to use their skills and the results of their successes in resolving many of the problems and issues that the community faces. One small business that does just this, is the New Belgium Brewing Company, based in Fort Collins, Colorado.…

    • 1452 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    The Molson Coors brewery, a three hectare industrial property, at 1550 Burrard Street in Vancouver has been officially purchased by Concord Pacific for $185 million, following confirmation late last year that the property was in the process of being sold for an undisclosed amount to an unknown buyer.…

    • 297 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Both senders should have confirmed with the receivers that they received, comprehended, interpreted the messages correctly, and had no further questions before they responded.…

    • 737 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    cannot be made the message can be interpreted in the wrong way this is mainly because they…

    • 3348 Words
    • 14 Pages
    Better Essays
  • Satisfactory Essays

    Communication is a 2 way process, it is not simply about sending a message but also about knowing if the receiver has understood and processed the message properly.…

    • 482 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Before one decides to communicate information to the public, it is important to note that in today’s world of communication the general public no longer exists. The communication releases should be audience targeted; the key strategy is to identify the audience, their roles and needs, and how the message is to be delivered to achieve the intended purpose (Tennyson & Ray, 2005).…

    • 917 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Syllabus

    • 3283 Words
    • 17 Pages

    • Explain the importance of adapting your message to the need and expectations of the audience…

    • 3283 Words
    • 17 Pages
    Powerful Essays
  • Satisfactory Essays

    Transportation cost

    • 279 Words
    • 2 Pages

    As with most retailing, the key success factors in diamond retailing can be measured by customer service factors and cost factors. Given the varied supply chain components and supply chain costs. Blue Nile has a distinct advantage in product variety and product availability since customers can “build their own ring” by choosing from an inventory of about 75,000 stones. Customers purchasing at Tiffany and, until recently, at Zales have been limited to the inventory available at the store. Customers who are comfortable making large purchases online will find the low-pressure purchasing experience at Blue Nile, supported by the educational Web site, salaried sales support, and thirty-day return guarantee, appealing. Given that the jewelry is made to order, clients at Blue Nile must be willing to wait to receive their orders, unlike at Tiffany or Zales.…

    • 279 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Rhetorical Triangle

    • 809 Words
    • 4 Pages

    A speaker must believe in the message in order to convince the listeners of what is said. The speaker’s state of mind at the time of the message will translate to the spectators. The speaker must also have “personal credibility” in order to gain respect from the viewers. The characteristics of the speaker also affect the audience and the situation. The speaker’s enthusiasm, deliverance, proficiency, and predispositions directly affect the ways in which the viewers will perceive the message and influence the environment.…

    • 809 Words
    • 4 Pages
    Better Essays
  • Good Essays

    Message understood – if the message has been communicated clearly and the other person has concentrated and there are no barriers to communication, the other person understands the message. They show they have understood by giving feedback.…

    • 973 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Argyles Theory

    • 516 Words
    • 2 Pages

    Stage six: message understood- the receiver will have made sense of your message at this stage and understand what you meant. Occasionally there are problems at this stage and the person you’re communicating with don’t fully understand the message you put forward and this can cause confusion. The person you are communicating with responds, this repeats the above process and turns it into a communication cycle.…

    • 516 Words
    • 2 Pages
    Satisfactory Essays