Okay. It has been a while since I have written for this blog, but I would like to provide an outsiders view about why Targets recent policy change on how they merchandise is bad.
On August 7, Target announced that it would stop using gender-based signing. I can bring up numerous instances why this is bad. It removes a core component to market segmentation, gender-based demographics. This means that they will not be selling according to how the products were designed.
Understanding the design process is critical in the moving of a product. The first major question a company will ask when designing for consumers is who is this product primarily intending to reach (age, region, gender, etc.). Gender neutral products, in my observation tend to have a shorter life-span. Now let me make a distinct note on the difference between gender-neutral and general audience products. Gender-neutral is designed to not be offensive to the purchasing audience. BUT, pick up the coin. It has two sides. The same thing that may repulse a shopper from one product would attract them to another. This create a competitive sales force in the market.
By removing the pressure to buy, that utility of the customer can have the product if they got it THEN and THERE if they bought it NOW, in essence renders the purpose of the product as less purposeful. The purpose of marketing is to capture those discretionary dollars the consumer has. This will cause a wider revenue but also a shallower one that is easier to dry or become stagnant.
The problem is Target has sacrificed business for altruism. But Target needs to recognize that they are a business, not a political statement. While I have restrictions that dictate what business I handle, I have to remember that I am still operating a business and if you're not in business to make money, why are you there in the first place? Business's first policy is to add value, and Target is, instead, taking that away. Target should shift it's focus to what made it great in the first place, creating a higher-touch shopping experience. Target grew on affordable luxury, but now its priding itself by pandering to the pauper. These complaining customers are the screaming minority and make little impact on the sales.
I hope target will be able to salvage themselves from this.
Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts
Thursday, August 13, 2015
Why Target's Gender Neutral Marketing Policy Is Bad
Labels:
altruism,
Business,
error,
forecast,
gender neutral,
marketing,
Money,
revenue streams,
segmentation,
target
I am 25 and a curious lifelong learner, desiring growth and excellence. I believe that the path to perpetual leadership is perpetual learner-ship. I believe that happiness is attainable and should be pursued with all my might. I only have one life to live and one legacy to leave. Act as if the whole world is watching.
Tuesday, July 23, 2013
Are You Happy?
I'm happy. I recently received two job offers at once. One of the job offers paid virtually $2 dollars more an hour than the other, gave more hours, local commute and not seasonal like the other. Now can you see why I'm happy? Do I really need to explain it? Or do you truly fully understand why I'm happy?
I turned that job down. I chose a learning path instead. I chose experience over earnings. Now I feel so liberated. I'm not working for money or stuff. I am working for me. I am working towards personal growth. Robert Kiyosaki, author of the famed bestseller Rich Dad, Poor Dad and founder of multiple wealth building companies says it like this. "When you are young, work to learn, not to earn." There is a lot of wisdom to that statement. And I can feel the peace of doing things this way. I am not stressed about "They don't pay me enough" or "I'm hoping for a good paycheck so I can buy this or that." Instead my focus is how can I drive my productivity numbers higher, is there a better way of approaching this and making it better, etc?
This approach follows the philosophy that pay is what happens with experience and that excellence is rewarded. Too many people are merely being empty suits, punching-in, logging hours. They don't seek responsibility, they only take it out of obligation, and become slaves to money. The servants of money are worked hard. Money demands they work more and earn more. And when they earn, they haven't earned enough. They are not producing enough and are not entrusted with more responsibility, bringing less wealth.
I desire success (end result), and therefore I must search out excellence (means to the end result) and become its student and servant. This ultimately leads to a happier life. Because I understand that this is the process I must go through, I understand that I will be happier and am now happy. I may get frustrated at times but simply knowing what I am in the process of doing places a smile inside and a peace and that is Happiness.
Labels:
Contentment,
Excellence,
Fulfillment,
Happiness,
Money,
Personal Achievement,
Rat Race,
Satisfaction,
Success,
Work
I am 25 and a curious lifelong learner, desiring growth and excellence. I believe that the path to perpetual leadership is perpetual learner-ship. I believe that happiness is attainable and should be pursued with all my might. I only have one life to live and one legacy to leave. Act as if the whole world is watching.
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