This paper is a case study of a unique niche marketing strategy for Colorado Creative Music against its competition in the recorded music industry.
Written in 2002; 2,130 words; 2 sources; MLA; $ 66.95
Paper Summary:
This paper is a case study to determine the marketing strategy of the Colorado Creative Music in the recorded music industry, which is one of the most stressed industries today. The author points out that, according to SWOT analysis, a firm should not necessarily pursue the most immediately lucrative opportunities offered to it by a surface analysis of a particular industry, but rather, it may have a better chance at developing a competitive advantage by identifying a fit between the firm's strengths and upcoming opportunities. The author concludes that the company must learn to make use of new technologies, such as the internet, in generating interest in the product, as well as of assuring sellers of the marketability and desirability of some of his lesser-known artists.
Table of Contents
Introduction
SWOT Analysis of the Company
Five-force Analysis of the Recorded Music Industry
Issues
From the Paper:
"The changing nature of technology in the music industry also means that there is tremendous potential for entry of new competitors in the music industry. However, before a potential analyst resigns him or herself to the completely fluid nature of the industry, it must also be noted that the ability of new competitors to easily enter the market does not mean that there is any baseline level of guaranteed success. This is particularly true given that Colorado Creative Music has attempted to corner a market of the music market that is not the traditionally young, disposable-income producing teen or "twentysomething" so coveted by the majority of the industry. Colorado Creative Music has targeted itself as establishing a niche in the market, rather than out and out domination of any particular sector of the music market."
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