Research Korner: Cirque Du Soliel Papers

CIRQUE DU SOLIEL Marketing Research Plan

GBUS 401 MARKETING MANAGEMENT – FALL 2008   SUMMATIVE ASSIGNMENT FRONT COVER SHEET     Students are required to fill out this front cover sheet before submitting their assignments into the Digital Drop box of Black Board         Assignent Title: Marketing Plan for  “CIRQUE DU SOLEIL” Assignment No: ONE   Student Name: THINC Student ID: Programme: Semester: Fall 2008 UOW Student ID Date Issued: 26th October 2008 Date Due in: 13th December 2008, Midnight Dubai Time Assignment Set by: Victor Soares Date Actually Handed in: Grade Awarded: Learning Outcomes Met: Previewed By:                         Instructors Feedback & Comments:   Criteria for marking Max Marks Marks Obtained Remarks – Details are given in the main body of the report Written Communication Skills 10     Quality of Research 30     Analytical capability, logic and subject knowledge 40     Report Format 10     Referencing 10     Total 100 0     Source: Template GBUS 406 UOW Summative Assignment: Prof Angelo D’Souza.                                                         Marketing Management - GBUS 401 - Assignment       Tutor:                                                                       Semester:                                                     Fall 2008   Date Made Available:                                26th October 2008     Submission Due Date:                             13th December, 2008             Assignment weighting:                            30%   Email:                                                                  Preamble   This Assignment of the Unit GBUS 401 has an assessment weighting of 30% and is designed to assess the learning gained over the first 8 weeks or thereabouts of the semester.     Assignment Objective/Objectives   This assignment has been designed to allow the student to demonstrate a detailed understanding of the tools and techniques of marketing management, the process of marketing and the marketing concept in relation to an organization. The case also gives an opportunity to gain a comprehensive understanding of the environmental factors, consumer decision process, the segmentation criteria, decision support systems, marketing research, product management, product decisions, and distribution and in particular retail operations besides other elements of the marketing mix etc.     Advice and Instructions to Candidates   <li class="MsoNormal"> You are required to prepare a Marketing Plan for the year 2008, for any one country, of not less than 4000 words and not more than 5000 words (not including appendices and annexure) on the various marketing strategy options for the organization “CIRQUE DU SOLEIL” in the case study ON PAGE 61 OF YOUR TEXT BOOK. It will be as long as it takes to respond to all the information needed and within this. You must incorporate everything you will have done/doing. All topic areas must be addressed.  </li>   <li class="MsoNormal"> The assignment requires you to integrate the knowledge gained through textbooks, end chapter case analysis outside research and discussions. You must design your Marketing Plan according to the activity guidelines specified in this template. Please make a conscious effort to avoid reproducing a huge volume of theory - you need to demonstrate a balance of course concepts and application. You are expected to use direct references to at least 3 Books, 4 Journals/Periodicals and 7 Web Resources.</li>   <li class="MsoNormal"> This is a MARKETING PLAN and NOT an ESSAY and must be professionally presented in report format and style. I am providing a template and additional guidelines that will be of use to you to make the plan professional. You should take care to ensure that the work you submit has a high professional standard of presentation. You must have it spell checked and ensure that your submission is grammatically in order. The overall paper must be submitted as a .doc file only (not .pdf file) and everything must be consistent.  </li>   <li class="MsoNormal"> You must acknowledge the sources of information and evidence the same at the end of your report in the form of bibliography. It is essential that you use the Harvard system of referencing, , as this is a UOW adopted standard. </li>   <li class="MsoNormal"> You must use tables / charts and have them incorporated in the annexure and referenced in the body of the main report. Also, your marketing plan must have a basic budget visualized as well as a timeline for completion of your recommended plan. </li>       Rules & guidelines to be followed in submitting the assignment     <li class="MsoNormal"> Referencing: Complete list of references / bibliography / sources of information that have been used, including web sources, except Wikipedia, should be furnished at the end of the assignment. Referencing should be done according to the Harvard System of referencing and available from: . You are encouraged to make a conscious effort to access journals, other authors and extensive literature research and the same should clearly stand out as a criteria and professional requirement for assessment. </li>   <li class="MsoNormal"> Assessment: The grading would reflect good grammar, good punctuation, good sequence and the natural flow of ideas and a good use of Headings, Fonts, and Paragraphs etc.</li>   <li class="MsoNormal"> Approach and communication skills: Innovative and creative ideas, critical analysis of the situation and putting more than one perspective to the question would fetch you higher grades. Also your Assignment MUST evidence extensive element of Literature/Web Research, in addition to the need that it should necessitate communication/interaction with some real world Company. You are expected to use direct references to at least 3 Books, 4 Journals/Periodicals and 7 Web Resources.</li>   <li class="MsoNormal"> Submission due date: The assignment should be written Arial 12 pt font throughout the paper. This Assignment is to be submitted, through the Digital Drop box of Blackboard, prior to midnight of 13th December 2008. Any delay for submission will entail a rejection of the Assignment, and would earn you a grade of Zero beyond the permissible time as mentioned in point 6 below. </li>   <li class="MsoNormal"> Penalty Clause for delayed submission: Each day of delay for submission will entail a deduction of 10% per day for a maximum period of Ten days. Thereafter, the Assignment would earn you a grade of Zero. This Assignment accounts for 30 marks (30% of the total grade).</li>   <li class="MsoNormal"> Due date for Similarity Report of Turnitin: Your Assignment must be posted on Blackboard along with the Similarity Report of Turnitin prior to midnight of 13th December 2008, for it to be evaluated. Late submission of the Turnitin report will make the assignment liable for the late submission penalty clause as stated in point 5 above. </li>   <li class="MsoNormal"> Plagiarism: The assignment should be the original work of the student. Instances of plagiarism found either from other students or from other resources (viz. without due acknowledgement /referencing) will entail a FAIL Grade. THiNC will be using TURNITIN to detect any instances of plagiarism or incomplete referencing.</li>   <li class="MsoNormal"> Plagiarism Penalty Clause: For your information, the rules of the UOW on Plagiarism are as follows: “Where a student has resorted to plagiarism in an assignment or final exam, he will be required to repeat the entire module from the start at the next given opportunity. He will re-register for the module when it is offered again and pay the module fee”.</li>       Overall Assessment Criteria   <li class="MsoNormal"> Clarity of the description of the assignment and the identification of the issues / problems.</li>   <li class="MsoNormal"> Ability to analyse the issues in terms of a number of key areas that impinge on the organisation.</li>   <li class="MsoNormal"> Ability to identify areas for improvement.</li>   <li class="MsoNormal"> Quality of research investigation and presentation of outcomes.</li>   <li class="MsoNormal"> Analysis, Conclusions and Recommendations.</li>   <li class="MsoNormal"> Quality and accuracy of bibliography/referencing.</li>           Marketing Plan for “CIRQUE DU SOLEIL” - Sample Outline1   There are a variety of styles and formats used for marketing plans. The following section headings will help you organize your thoughts and plan. The Marketing Plan Assignment should look as structured below, after including the  Cover Page and Instructors Comments Pages as above.  The approximate weighting for the marketing plan structure is as follows:   <li class="MsoNormal" style="color: navy"> Table of Contents / Executive Summary / Introduction                               10%</li>   Executive Summary   An Executive summary is a single most important document of the marketing plan and should not exceed a single page and should (in separate paragraphs) consist of:   (i) A very brief background of the organization (ii) A brief background of the purpose of the study / project / marketing plan (iii) It must to convey the highlights of the plan and give the distinctive features of:             (a) Your approach             (b) Brief content             (c) Action plan and             (d) Recommendations   In short, it is like the PREFACE of any textbook or novel that is published. It has to induce and impress the reader that the contents are outstanding. It gives the reader an idea of whether they want to read the report or not.    Table of Contents   (1)       Section headings- (2)       Annexure – this should include all tables / charts / questionnaire - if any (3)       All topics under the section headings to be page numbered   Introduction   This sets the scene by saying who you are and what you do, what is the organisation. This section must evidence clarity of your role in the organization and the identification of the problems             <li class="MsoNormal" style="color: navy"> Business Overview & Overall Marketing Plan                                                10%    </li>     This section is sometime referred to as the Situation Analysis segment. In a typical marketing plan, it should contain a VERY CONCISE and RELEVANT background on the market, the customers, core competencies and competitors.   Here you can introspect on the key issues that you will need to address and can discuss such areas that make up the management and assignment debate. Also reassess consumer behaviour problems that necessitate a market research plan - here you can also discuss all such areas relating to the key issues and challenges, along with any other areas that make up the marketing plan and analysis. Your ability to analyze the causes of the difficulties in terms of a number of key areas that impinge on the organization as well as the ability to identify areas for improvement (AFI) must be clearly evident in this section.                                                   <li class="MsoNormal" style="color: navy"> Strategic Marketing Focus:                                                                                 20% </li>     Situational Analysis of the Organization – A snapshot in terms of:    ·        Define the organization’s Mission / Vision ·        Establish the organizations Goals & Objectives ·        Identify & assess the core competencies that will give a sustainable competitive advantage ·        Examine & assess the internal /external environment, the industry & competition     <li class="MsoNormal" style="color: navy"> The Marketing Plan – an appraisal and analysis.                                          20%    </li>   ·        Target Market ·        Intended Strategies ·        Conclude with a plan based on the analysis of all the above               TM: How well do you know your target market? How well do you understand their information needs? Can you articulate what your customers and potential customers need as opposed to what you offer?  Are there groups to whom you should be “selling” who are not now “buying” your services? Are there ways to segment your market so that you can offer highly specialized products and services to various groups, reflecting their business priorities? What kind of products should be offered to a broad base of users? Answering these questions will help you define your target market                            IS: Here intended strategies (a comprehensive plan stating how the firm will achieve its mission - broad & narrow - vision and objectives) and programs (a statement of the activities or steps needed to accomplish a single-use plan) are outlined which will help reach the goals and objectives outlined above. You can do a BCG portfolio analysis and a Market Opportunity Analysis (MOA – ).   CP&MR: After identifying and defining your target market and strategies that you as a marketing manager will unfold; you can conclude this section by dovetailing all the issues raised in the different tasks as guidelines in the assignment   Needless to mention that in the above sub-sections your investigation should evidence exhaustive research, e.g. this can be done through qualitative and quantitative techniques, surveys, questionnaire and structured interviews (evidence), sampling methods etc.   This is a useful practice for the dissertation stage of the programme. Quality of research investigation and presentation of outcomes must be decisive and unambiguous. Your appraisal and analysis of the results must clearly flow sequentially from the preceding sub-section.                                                                                                     <li class="MsoNormal" style="color: navy"> Evaluation / Recommendations & Way Forward                                           10%</li>   E: What are the success criteria? How will you measure success of the plan?  By monitoring progress, you can judge the success of the marketing plan. If some of the strategies are not working out, try to determine why. Is the strategy flawed? Is there a problem with implementation or timing? How can you refocus and move on?   Areas for Improvement / Restructuring the marketing set-up / any other corrective action        R & WF: This should be an action plan and related or linked to the objectives set out. You can put them in point form with time scales     <li class="MsoNormal" style="color: navy"> Implementation Plans & Budget                                                                        10%</li>   IP: Build up an Implementation Plan post evaluation. Tasks required to implement and monitor each strategy are listed in this section. With each task, the person responsible for the task and a completion target date are indicated. Having a plan of action with specific tasks ensures that the details are clear and that specific persons are accountable.    Tasks required to implement and monitor each strategy could be listed in this section. With each task, the person responsible for the task and a completion target date may be indicated. Having a plan of action with specific tasks ensures that the details are clear and that specific persons are accountable.    B: How much will the activities defined above cost? Provide an estimate. Can you provide revenue forecast?  Explain the assumptions on which the forecast is based and consider various (best case, worst case) scenarios.  Since many Functional Centres now operate as cost centres, if not profit centres, this component of the plan is extremely important.                                                                                                                            <li class="MsoNormal" style="color: navy"> Summary / Conclusion                                                                                         5%      </li>   S: Articulate the central issue considered and the selected pertinent areas taken for consideration. You should incorporate a brief critique of what was done and the challenges ahead are required to be included   C: The contents of this section should naturally flow from all the above                                       <li class="MsoNormal" style="color: navy"> Annexure – Tables & Charts                                                                               5%</li>     <li class="MsoNormal" style="color: navy"> References & Bibliography                                                                                 10%    </li>   This section MUST evidence extensive element of Literature/Web Research / UOW electronic library / other authors / marketing journals /Harvard Business Review etc.   This is an essential section and attracts the most focus on your entire assignment. It is essential that you use “Harvard” system of referencing, as this is a University of Wales adopted standard. Please refer to this document in BB as well as the link given at the beginning of this assignment                                 ASSESSMENT CRITERIA: WHAT IS EXPECTED OF YOU   Overall: This is a MBA program, and the assignment should reflect the student’s ability to put his/her thoughts clearly in writing. Good communication skills with no spelling errors, no grammatical errors, good punctuation and good use of Headings/subheadings, fonts, graphic explanations etc and keeping the report within the maximum word limit would give you a better grade. (Item 1: Max. 10 Marks)   Quality of Research: Good research and justifications in your critical analysis approach leading to creative ideas that lead to challenging concepts, keeping in mind the company’s competencies, is an essential part of this project. Understanding the company’s needs and opportunities that make for a good corporate strategy should be complete and convincing. (Total of 2 & 3: Max. 30 Marks)   Analytical capability, logic and subject knowledge: The sequence of thoughts in the main body, should evidence a clear understanding of strategic marketing management principles, excellent critical analytical thinking skills and high-quality logical sequence of thoughts and arguments. (Total of 4, 5 & 6: Max 40 Marks)   Report Format: Good format of the report as recommended in the template, giving cover page, Contents / Index, executive summary, main body of report with proper headings / subheadings, conclusions, and bibliography/ references is essential in presenting a professional assignment. (Total of 7 & 8: Max. 10 marks)   Referencing: Proper referencing using the Harvard Referencing system is essential for any report based on research. Please note, not acknowledging referenced works amounts to plagiarism. (Item 9: Max. 10 marks)                 Criteria for marking Max Marks Marks Obtained Remarks – Details are given in the main body of the report Written Communication Skills 10     Quality of Research 30     Analytical capability, logic and subject knowledge 40     Report Format 10     Referencing 10     Total 100 0     Source: Template GBUS 406 UOW Summative Assignment:     To gain a distinction grade, the report must be in the correct template format as advised, contain all requirements such as executive summary, have a proper numbering system, etc.  It should explain fully how the concepts could be applied (and evaluated).   To gain a pass grade, the report will have some form of the template format as advised, probably missing a summary etc.  It will have a skeleton of some limited ideas of application.   To slip into a fail grade, the report will not have the correct template format as advised, i.e. will be a memo or in fact have an inadequate / no format at all.  There will be a very limited idea of the application to the assignment.   Please ensure that the entire assignment is a reflection of good written English language skills, report format etc. grammar, good punctuation, good sequence and the natural flow of ideas and a good use of headings, fonts, and paragraphs etc     Assignment Brief/Scenario     The student is expected to first read the case thoroughly and understand the concepts and issues, which form the basis of the same. The student then needs to go through different texts in the e-library and other sources like the business magazines, web resources/links given in the course documents to collect comprehensive knowledge about the issues talked before attempting the questions.   Task 1:   These are some guidelines and questions that must be addressed to be dovetailed in the marketing plan. The weighting of each of these tasks are detailed in the above template – weighting system.   It is recommended that your analysis should also dovetail the following as part of your overall analysis. Please ensure that you do not respond to these questions separately. These are guiding points for you to build up a marketing plan.   <ul style="margin-top: 0in; margin-bottom: 0in" type="square"> <li class="MsoNormal"> Which type of orientation do you think “CIRQUE DU SOLEIL” is following? Please list several ways that they can better follow a market orientation. Based on what you have read in the case, is the firm following the marketing process? </li> </ul>   <ul style="margin-top: 0in; margin-bottom: 0in" type="square"> <li class="MsoNormal"> Based on the information in the case, outline a rudimentary SWOT analysis for “CIRQUE DU SOLEIL”. Your plan should include recommendations suggesting ways that the firm might capitalize on its strengths and minimize (or overcome) its weaknesses. </li> </ul>   <ul style="margin-top: 0in; margin-bottom: 0in" type="square"> <li class="MsoNormal"> List and describe at least three keys to “CIRQUE DU SOLEIL” competitive advantage it has over the others located in the industry. If any of the others seem to have a competitive advantage over the firm, describe it and how will the firm take care and steps to overcome the same?</li> </ul>   <ul style="margin-top: 0in; margin-bottom: 0in" type="square"> <li class="MsoNormal"> Do you agree with the strategy “CIRQUE DU SOLEIL” has adopted to respond to its competition. Debate this scenario in a critical analysis approach and within the overall perspectives and challenges of Effective Strategic Planning.</li> </ul>     Task 2:   <ul style="margin-top: 0in; margin-bottom: 0in" type="square"> <li class="MsoNormal"> Map out the consumer decision-making process for “CIRQUE DU SOLEIL” customer. What factors do you think most influence a consumer? </li> </ul>   <ul style="margin-top: 0in; margin-bottom: 0in" type="square"> <li class="MsoNormal"> Do they have a narrowly articulated targeting strategy? How will the targeting strategy and the market segmentation affect the marketing mix? </li> </ul>   <ul style="margin-top: 0in; margin-bottom: 0in" type="square"> <li class="MsoNormal" style="color: black"> How well do you know the target market in the case article? How well do you understand their information needs? Are there ways to segment the market so that the marketer can offer highly specialized products and / or services to various groups, reflecting their business priorities? What kind of strategies should be pursued to a broad base of users? Responding to these questions will help you define your target market and construct a marketing plan. </li> </ul>   <ul style="margin-top: 0in; margin-bottom: 0in" type="square"> <li class="MsoNormal"> Is the firm too small to conduct or benefit from marketing research? Why or why not? Identify some ways that marketing research could help grow the business. </li> </ul>   <ul style="margin-top: 0in; margin-bottom: 0in" type="square"> <li class="MsoNormal"> Formulate the problem/opportunity for each area you identify. The firm may be interested in conducting marketing research, but the company cannot withstand the cost of extensive information gathering. </li> </ul>   Visit useful journals, websites and research what evidence do you see that the firm has created a brand? If you don't see any evidence of branding, give recommendations to the firm advocating a stronger branding strategy. Also, review other relevant aspects of the marketing mix and make appropriate recommendations.        Task 3: The Assignment Final Task:   <ul style="margin-top: 0in; margin-bottom: 0in" type="square"> <li class="MsoNormal"> Build a Marketing Plan that will help “CIRQUE DU SOLEIL” cope with the challenges to meet the needs and wants of next Generation.</li> </ul>   <ul style="margin-top: 0in; margin-bottom: 0in" type="square"> <li class="MsoNormal"> Integrate the answers to all the above questions in Tasks 1 & 2 to your overall analysis and structure them into the template outlined and recommended. </li> </ul>   <ul style="margin-top: 0in; margin-bottom: 0in" type="square"> <li class="MsoNormal"> Please ensure that you include some examples of your own from the web resources /links /websites/ text books business magazines etc as part of Literature Research and reference work for your assignment.</li> </ul>       “CIRQUE DU SOLEIL: THE FIRE WITHIN”             A brief extract of the case…..Quote:   A 27- foot long bronze clown shoe is the only indication that there is something otherworldly within the concrete walls of the large, rather non-descript building. Located in Montreal, the building is home to what many feel is the most successful entertainment company in the world - “CIRQUE DU SOLEIL”   The company’s massive headquarters houses……..   …….Because of their sound planning, “CIRQUE DU SOLEIL” can claim that it is one of the world’s elite businesses as well as one of the world’s elite companies.   ……Unquote   Copyright © 2006 South-Western All Rights Reserved.

CIRQUE DU SOLIEL Marketing Research Plan

GBUS 401 MARKETING MANAGEMENT ...

Marketing Plan of Cirque Du Soliel

Marketing Plan: CIRQUE DU SOLEIL 1.      Executive Summary Cirque Du SOLEIL has been known all over the world as an entertainment company that provides quality entertainment and artistic performances. It is said that the company is operating in different parts of the world. This time, the company wanted to please Chinese audiences.  This report provides intensive marketing and implementation plan that Cirque can be used to meet the needs and expectations of Chinese audiences. To gain management buy-in, the integrated marketing communications plan for launching the Cirque Du SOLEIL performances considered marketing approaches. Based on the analysis conducted, with Cirques talented and unique performances, they can be able to gain competitive advantage in China. This paper also tackles information about the strengths and weaknesses of the company and the marketing approach that should be considered.                 Table of Contents 1.     Executive Summary.. 1 2. Introduction... 3 3.     Business Overview & Overall Marketing Plan... 4 4. Strategic Marketing Focus:. 4 ·      Mission/Vision.. 5 ·      Goals and Objectives. 5 ·      Core Competencies. 5 §      Internal Environment 7 Strengths. 7 Weaknesses. 7 §      External Environment 8 Opportunities. 8 Threats. 8 5.     The Marketing Plan – an appraisal and analysis... 8 ·      Target Market 8 ·      Intended Strategies. 10 ·      Conclude with a plan based on the analysis of all the above. 11 6.     Evaluation / Recommendations & Way Forward... 14 7.     Implementation Plans & Budget.. 16 ·      Project Timeline with Work Breakdown Activities. 16 ·      Budget Allocation.. 19 ·      Monitoring and Control 20 8.     Summary / Conclusion... 21 9.     References & Bibliography.. 22               2. Introduction Each company is subject to different elements which influences the performance of the business. To be able to ensure success, the company must be able to know how to surpass different market challenges in the market environment. In order to do such, different approaches and strategies must be developed and implemented.  In this kind of condition, one of the important aspects to consider is a marketing plan.             It can be noted that marketing plan enables a company to analyze deeply the situation of the company, its resources, and its competitive advantage. Furthermore, marketing plan also enables the company to identify their target market and the needs of the potential clients. It also served as their basis for developing new products and services (, 2007). Moreover, the marketing plan also facilitates such significant business approach by outlining the applicable strategies of promotions and sales (, 1997).             It is said that strategic marketing plan should be noted to know the ability of the company to obtain competitive advantage. An efficient a marketing plan consists of different factors that determine the objectives of the company as well as the methods on how such objectives will be achieved.  Primarily, the main objective of this paper is to discuss a marketing plan for CIRQUE DU SOLEIL. This paper will analyse how the company can enter the Chinese audiences.  Herein, a comprehensive marketing plan for the company follows. 3.      Business Overview & Overall Marketing Plan            Cirque Du SOLEIL which is also known as Circus of the Sun is an entertainment industry which is base in Montreal, Quebec Canada and located in the inner-city region of Saint-Michel. The company was founded by  and in 1984 in Baei-Saint-Paul.  The company started as a performing group and through the grant provided by the government, the company has surpassed the challenge in terms of financial aspects. Each of the performance of the company is a synthesis of circus approach from different parts of the world with their own central theme and storyline.  The company expanded through 1990s and 2000, going from one show with only 73 employees to having more than 3,500 employees across 40 nations and produces shows in every continent except for Africa. With their plans to entertain people from different parts of the world, the company is now aiming to expand their performances at Chinese audiences. 4. Strategic Marketing Focus:     In order for the company to have efficient expansion approach, it is essential that the management of CIRQUE DU SOLEIL should create first a comprehensive and complete marketing opportunity plan to determine their capabilities of the company in the marketplace where the company wishes to expand (, 2004).  One of the factors to consider is the situational analysis of the marketplace. ·        Mission/Vision Cirque Du SOLEIL is an international company which is dedicated to the generation, production, and performance of entertaining and artistic works, with the mission of invoking the imagination, the senses, and the emotions of the audiences all over the world. The vision of the company is to produce new shows annually to meet audience expectations. ·        Goals and Objectives The main goal of the company is to be able to produce high-quality artistic entertainment to audiences on different parts of the globe with different cultures. Their aim is to be the number one entertainment provider with over 3,500 employees who are professional in their fields. ·        Core Competencies Based on the given case, it ca be said that the core competencies of CIRQUE DU SOLEIL includes the management and their employees and staffs. Their main competencies are the ability of the management to determine the possible demands of their target audiences in terms artistic entertainment. Ensuring the quality of their performances shown for their target audiences is another core competency of the company over their rival companies. In addition, the ability of the company to efficiently control all its resources from their human, physical, and financial resources is another core competency that can be attributed to the management of CIRQUE.  The employees and staffs who are highly motivated and devoted to perform well during their performances are other important aspects for assuring the success of the company to enter Chinese audiences.  The highly trained performers are also a leap against their competitors. In this regard, the company has been able to gain loyal audiences from different parts of the world.  In addition, the marketing personnel of the CIRQUE have the ability to think of the most effective ways to market and promote their shows. From the core competence aspects, one of the strengths of the company is their fast and intensive transfer of operational capabilities across the expanded markets, which allow the company to benefit from learning curve, operational and other cost reduction benefits. In addition, the company also has the ability to develop new innovative solutions to meet changing demand of the audiences at different parts of the world. From the portfolio perspective, the core competencies of the company are its experience of international operations.   ·        Internal/External Environment and Competitors analysis   Marketing audit is known as a preliminary tool or process which enables companies to have a glimpse of their ministrations, patrons, and products in line with its modern and advanced external influences. Accordingly, an efficient marketing audit will not only help in the assessment of the current operations but it is also helps in furnishing the company a model for continuous decision making appraisal as well as long term decision (195). To audit the market, SWOT analysis will be used. For analyzing the internal environment, the strengths and weaknesses of the product will be considered: §         Internal Environment Strengths As compared to the industry competitors of CIRQUE DU SOLEIL, the company has been able to preserve their artistic tradition and promote their talents and performances to international market. Having talented employees are the major strength of the company against their competitors. Hence, CIRQUE will have the assurance of gaining customer loyalty and have a good reputation. Weaknesses Entertainment industry today has been able to gain competitive position in the business market. However, the problem with this kind of business is that the emergence of competitors has immediate effect to the performance.  However, the problem with this is that the emergence of competitors has an effect to the performance of the company. In line with CIRQUE DU SOLEIL, the company is facing some weaknesses, and one of their weaknesses is in terms of their story. Accordingly, the intensity as well as the beauty of the performances of the talents of Cirque overshadows any other stories and some audiences may view this as nonsense (, 2008). This may affect the competitive position of the company in the Chinese audiences or any international market. In addition, another weakness is their inability to manage and promote their business in any other medium of advertisements. §         External Environment In this part, the external environment will be audited. Herein, the problems and opportunities will be analyzed: Opportunities Since CIRQUE DU SOLEIL is not that familiar with the local Chinese audiences, conceptualizations of the value propositions of their performances and entertainment are highly in synch with the traditional culture and entertainment in the Chinese audiences. In this regard, marketing approach come relatively easier to CIRQUE DU SOLEIL management to enter Chinese audiences to reach their target market easily. Such market situation should be taken advantage by the management to gain competitive edge against other entertainment industries, which are performing in China.     Threats In terms of the threats, one of the threats facing Cirque is with regards to the expenses and the inability to provide enough financial resources for each performance to be made within the specific market place. Aside from these, the threat of the exiting entertainment company may also affect the market entrants of Cirque at Chinese audiences. 5.      The Marketing Plan – an appraisal and analysis                   ·        Target Market   Of all the elements of the marketing plan, perhaps one of the most overlooked but most critical element is the target market definition. Accordingly, target market is a homogenous group of individuals or organization in which the company wishes to appeal to. There are two basic targets for specific products or services, or in this case, entertainment audience: the user and the non-user segments. Hence, there are also two business and marketing decisions that a firm must considered in light of their basis targets. For CIRQUE DU SOLEIL, their market can be segmented into three target populations: <ul style="margin-top: 0in; margin-bottom: 0in" type="disc"> <li class="MsoNormal" style="text-align: justify; line-height: 200%"> Individuals: people who are a fan of entertainment and artistic shows. </li> <li class="MsoNormal" style="text-align: justify; line-height: 200%"> Families: a group of people, either friends or a group of nuclear relatives who are fond of watching entertainment and artistic shows together. </li> <li class="MsoNormal" style="text-align: justify; line-height: 200%"> Tourists: those travelers who wish to see some entertaining and quality shows and performances.</li> </ul>             The Cirque's audiences include those individuals who want to be entertained and who want to see some spectacular shows with excellent artistry. Age is not the most defined demographic for these target audiences; all age groups may enjoy artistic and entertaining shows. For this company, the most defined client base is their income. Cirque has been very successful in mixed-use and high rent urban areas.  Such areas have a large day and night population which consists of business people and families and also some tourists. Integrating several key demographic aspects, Cirque arrives at a profile of the primary target market as follows:       Sophisticated families who live nearby.       Professionals who work close to the location.       Tourists who wants to be entertained. ·        Intended Strategies The main goal of the company is to provide superior quality entertainment and artistic performance for the customers and communities through their innovation, leadership, as well as partnership. The company exists to attract and retain their target market.  The objectives of the company are to maintain steady, positive, and growth each month in the Chinese audiences. In addition, the company also aims to generate more sales for their performances and experience an increase in new clients who are turned into long-term clients. In addition, the company’s financial objective is to have a double-digit growth rate for their entertainment and products show starting in 2008 and continue to decrease variable costs linked with their performances. It can be noted that the marketing context has been defined as the vital aspects to achieve organizational and company objectives and it rests on customer orientation, marketing context, coordinated marketing, and profitability.  In a company like Cirque, the firm has to try to attain this level of marketing position as a way of staying and maintaining sustainable competitive advantage.  In this regard, the company must be able to determine an efficient and effective marketing approach to be successful in the Chinese audiences. In addition, one of the objectives of the intended strategies of Cirque Du SOLEIL is to improve their means of promoting their artistic performances.  This strategy will help overcome competition as well as increase profit margins. For this purpose, this intended strategy attempt to focus on their existing promotional aspects.             Service delivery is an interactive and dynamic process that from the consumer's point of view is much more than a passive exchange of money for a particular service. Characteristics of services (e.g., intangibility, heterogeneity, simultaneity, and perish ability) often require customers to be actively involved in helping to create the service value -- either by serving themselves or by cooperating and often working collaboratively with service personnel. In high-contact systems customers can influence the time of demand, the exact nature of the service, and the quality of service ( 1998). If consumers somehow become better customers -- that is, more knowledgeable, participative, or productive -- the quality of the service experience will likely be enhanced for the customer and the organization ( 1990). In this regard, the company needs to strengthen relationship with their customers and increase market share. This effort will result to parallel business interests that will contribute to the company as well as their business objectives of providing high quality performance and entertainment with their clients. ·        Conclude with a plan based on the analysis of all the above                    Based on the analysis, the company is in need of a comprehensive marketing strategy to ensure market success in the Chinese audiences. For this strategic development plan, it is recommended that the management of CIRQUE DU SOLEIL should focus on managing all their employees and talents of the company.  In addition, to be able to maximize their advantage in entering the Chinese audiences, the management should be able to manage this strategically. In line with the marketing development, the company should maximize the use of their financial resources in the latest trends in the market environment.  They also need financial resources, to sustain their strategic development in considering employee trainings to ensure that the changes in line with their interactive media planning sill be successful. There are various factors that affect the success of the company market entry strategy. One of these is the context of organizational culture. Accordingly, with an enhanced organizational culture, and change, both the management and the employees are extremely involved in a constant joint effort to enhance the quality of the firm’s products or services at every level through strategic renewal. This then involves an impact similar to that of a chain reaction in which, the united goal of the organization to improve its services will eventually enhance their customers’ satisfaction and minimize the firm’s total costs. Another factor includes the leadership ability of the management (1998). The role of the leaders for example, is significant in developing organizational efficiency to successfully implement strategic changes. According to  (2002), efficient leaders have the ability to view the future. They are equipped with compelling abilities to visualize where things will naturally end or lead to. Unlike other people, individuals with leadership abilities see things that are not noticeable or obvious to others. In addition, leaders have the ability to build and establish confidence to others (2002). It can also be said that the resources, capabilities, and business environment of an organisation or industry can all contribute to the efficacy or success of implementing this strategic changes for Cirque Du SOLEIL. The company should then design a project plan for this strategy. Important resources that will serve as the strategy’s framework should be prepared. It is also suggested that the company develop a monitoring system, which will regularly evaluate the strategy’s progress. This will be helpful for detecting problems ahead of time as well as in implementing strategy changes or improvements. In this strategic development, it can be said that the commonness of the two is the initiation of the strategic planning. Accordingly, strategic Planning is part of the strategic development wherein the management team identifies ways and techniques to initiate the development or execute their objectives.  Strategic planning can be utilized when an organisation intends to instigate or initiate a certain project, in this case the CIRQUE DU SOLEIL information technology development and interactive media development and the marketing strategy development that will enhance the competitiveness of the organisation (, 1998). The strategic plan for each development, specifically in terms of their resource planning, assures that the company only utilized a strategic planning approach that will benefit the company to achieve its goal. In this manner, the management of CIRQUE DU SOLEIL should be able to incorporate strategic planning and implementation in line with its resources for both strategic developments. 6.      Evaluation / Recommendations & Way Forward       The analysis shows, that although there are some risks to consider by the management of Cirque Du SOLEIL, it can be said that they have a potential market in China. This is because Chinese people are entertainment and artistry enthusiasts. In this regard, the management should be able to consider a comprehensive marketing approach. For this it is recommended that the company should consider in their marketing approach the four types of resources which the company can use to achieve its objectives: financial, tangible, human, and technological resources (, 2003). In addition, the company should also consider the context of integrated marketing communication approach for effective marketing. All types of communication are involved in marketing communications, including literature, training, advertising, mail, telephone, product promotions, and other contact relevant to marketing communication. Among the channel members, even follow-up on complaints as well as customer billing may be included within the communication loop. In order to effectively serve the marketing channel, correct timing, and accuracy in communications is essential. Moreover, it is important for the company to recognize that all members of the channel have an obligation or important role in maintaining the efficacy of marketing communications. The management initiated product development strategies by marketing their existing entertainment and artistic production. Due to the notion that the direct or primary market of the CIRQUE DU SOLEIL includes professionals and individuals who are interested in entertainment and artistic performances, the marketing strategy of the company includes pricing strategy based on the needs of the Chinese audiences. This is because of the idea that Chinese audiences can be considered as price sensitive. In this regard, the price of the tickets to be offered in the Chinese audiences can directly affect their buying behaviour. In addition, it is also considered that most of the Chinese audiences are spending on worthy shows. Hence, the price of the products will be based on the demand, but will meet the expenses of the target audiences.             As part of the marketing plan, another important factor to consider in the marketing mix is the promotion strategy. The goal of this promotion strategy is to give emphasis on the entire relationship to be built by the show of CIRQUE DU SOLEIL to the target market (Chinese audiences). In this regard, the approach that will be implemented as part of this marketing plan is the integrated marketing communication approach. The integrated marketing approach is known to be an efficient approach for coordinating the message and media used by the company to collectively make or generate an impact to its product value (2007).             In addition, it can be used for creating and sustaining close relationship with the target customers by controlling effectively all the information as well as message sent to them by the objectively encouraging two-way conversation with the audience. Hence, the aim of the integrated marketing communication is to promote the CIRQUE DU SOLEIL through various promotions tolls and the marketing approach to communicate or imply the message of promoting the products to the clients who will avail the products.             In this manner, the advertisement will be generated to position CIRQUE DU SOLEIL by different video and visits different shopping malls for free tasting for Chinese audiences and this will happen via direct relationship. In addition, another approach is to use print advertisements through newspapers and magazines related to food and beverage industries.  And lastly, the use of the internet will be considered as the best way to communicate and reach more Chinese audiences through their website. 7.      Implementation Plans & Budget            This part will provide the implementation plan of the strategic approach of having comprehensive integrated marketing communication to promote Cirque Du SOLEIL in Chinese audiences. ·        Project Timeline with Work Breakdown Activities Recommendations as to how the company will conduct its marketing communications plans is governed by the assumptions that using the right mix of advertising tools (TV, Internet, print and radio) will allow the company to get the best of online and offline advertising. Following is the six-month communications plan for the launching of the company.   June – July 2008. This is when initial collaboration with prospective advertising partners should be done. They should be selected by virtue of their reputation and performance in handling advertising tasks. The company will contact partners that will cater to its need to be publicized online and offline. Specifically, the company will employ extensive new media, TV, radio, and print campaign. Each would-be partner will be given the chance to present their marketing plans for the company. There will intensive negotiations between suppliers, assessment of artworks, and evaluation whether such marketing strategies are designed following the company’s objective. The activities will include the following: ·        Complete a detailed situation analysis to examine the context of the environment and to determine the need for the project. ·        Involve the stakeholders of the project so as to consider their needs and preferences. ·        Identify alternative options of the organization so as to exhaust the available alternatives. ·        Set the assumptions and objectives of the project to distinguish the direction as well as the standards for project assessment.   August – September 2008. Once the right mix and budget communications were decided, it is expected that at this time of the year, all the advertising outputs will be ready for their launching nationwide. The advertising efforts will be completed by criteria to measure its effectiveness. Intensive researches will be implemented to determine the success of each campaign tool. Advertising media could be in the form of brochure, newsletter, printed materials, the Internet, newspapers, radio, and television. The communications department of the company will be directly responsible on monitoring the content design, layout, dissemination, and communication training and development for employees and executives. Furthermore, the department is also expected to supervise all the market and attitudinal research. The activities will include the following: ·        Determine project size in order to limit the concerns of the project, identify the necessary resources, and evaluate its feasibility. ·        Examine the available resources whether material or human that should be acquired to meet the goals of the project. ·        Analyze the risks, benefits, and costs of the project so as to ascertain the project's financial return that will assist to the long-term goals of the organization. ·        Develop a master plan that details the focus and concerns of the project's goals.               October – December 2008. The last period of advertising campaign will focus on the maintenance and management of media relationships. Research findings must guide the company on appraising its marketing approaches. All the steps that will be taken must be geared towards the determination, development, and design of the organization image, presence, and reputation. The activities will include the following:       Document all the development and changes of undertaking the project at all its stages.       Coordinate planning and project efforts between all of the project participants.       Effectively and efficiently manage information, technology, and people. ·        Budget Allocation Companies employ marketing communications in order to gain several benefits such as increased profits and enhanced customer relations. The application of strategies directed towards the achievement of these objectives naturally requires the allocation of financial resources. However, while the company is capable of providing a budget for marketing communications, the outcomes should be able to recover these allocations. Hence, in order to prevent capital losses, the company should employ strategies and create objectives that are compatible to the capacity of the company and what it intends to achieve. The advertisement and promotion strategy of the products focuses on TV, Newspaper ads, flyers as well as the Internet. Each TV advertisement causes $500 dollars per 30 second ad per station. The newspaper ads cost $500 per advertisement; furthermore, the flyers cost $100, where in $0.10 each (2008). Table 1 Estimated Marketing Budget Communication Estimated Quantity Estimated Cost Per Unit Estimated Subtotal Flyers 5,000 $0.10 $500 Television 10 $500 $50000 Website 1 $350 $350 Sponsorship 3 $300 $900 Total     $51750               This communication and marketing budget will focus on the relationship of the organization towards the Chinese audiences.  ·        Monitoring and Control The art of planning for the future has always been a human trait as humans are thinking individuals.  In essence a project can simply be captured on paper with a few simple elements: a start date, an end date, the tasks that have to be carried out and when they should be finished, and some idea of the resources (people, machines etc) that will be needed during the course of the project.  When the plan has been able to involve different things happening at various times, some of which are interconnected on each other, plus resources needed at varying times and in different quantities and perhaps working at different rates; monitoring and control of the project is required for its successful and timely completion.  The following activities will be initiated during the entire monitoring and control of the marketing campaign:       Detail the activities undertaken to close the project.       Outline outstanding issues, risks, operational matters, and recommendations.       Determine if the objectives of the projects were met.        Deliver all the outputs generated by the project.        Enumerate the significance and benefits to justify the cause and rationale of undertaking the project.       Prepare a report or presentation that will detail the accomplishment of the project.       Monitor and regularly evaluate the development to ensure the timely completion of the project.       Ensure a logical intervention strategy to minimize the unnecessary impact of undertaking the project.       Identify cross-cutting objectives to be able to work on the project based on the assumptions considered.       Prepare back-up plans to supply assist for the possibility of unforeseen difficulty during the course of the project.       Plan for capacity development and sustainability to ensure the continuous implementation, control, and evaluation of the project.                                 8.      Summary / Conclusion                 The report has been able to show the strengths, weaknesses, opportunities, and threats of the company to enter the Chinese market as part of their expansion and international production.  In addition, this report also provide recommendation on the best marketing approach that Cirque Du SOLEIL can use to enter the market and provide entertainment among Chinese audiences. Based on the analysis, it can be concluded that Cirque Du SOLEIL has a great potential in the Chinese audiences if the company would be able to have strategic marketing plan for the product. Analysis have shown that there are many potential clients for the product and through the use of integrated marketing communication as promotion approach, the product will be able to gain good reputation and marketability in Chinese market.

Marketing Plan of Cirque Du Soliel

Marketing Plan: CIRQUE DU SOLEIL 1. Executive Summary Cirque Du SOLEIL has been known all over the world as an entertainment ...