marketing plan - power point
DESCRIPTION
The purpose of this Power Point is for class and portfolio.TRANSCRIPT
Josh Gangelhoff • Ivan Gil • Cheerie McLaughlin • Sarah Rasheid • Michelle SelbyMAR 3823-001 • 2PM • December 2, 2010
INTRODUCTION OF SERVICE
Introduction:• Six Flags is one of the world’s largest amusement park
corporations in the United States.
Service Statement:• Six Flags Entertainment Corporation offers quality
customer service, clean safe and dependable products, as well as friendly environment for all ages to enjoy.
Locations Served:• Over 19 theme park locations in the United States,
Canada, Mexico, and the United Arab Emirates.
San Antonio:Six Flags Fiesta Texas
San Antonio, HoustonChicago:Six Flags Great America
Chicago, MilwaukeeSt. Louis:Six Flags St. Louis
St. Louis, IndianapolisDallas:Six Flags Over Texas
DallasSix Flags Hurricane Harbor
Ft. WorthDallas:Six Flags Magic Mountain
Los Angeles, San DiegoSix Flags Hurricane Harbor
Orange County
San Francisco:Six Flags Discovery Kingdom
San Francisco – San Jose, Sacramento
Lake George:The Great Escape
Syracuse, AlbanyMexico:Six Flags Mexico
Mexico City MexicoLaRonde:La Ronde
Montreal Canada
www.sixflags.com/national/medianetwork/index.html
New York:Six Flags Great Adventure
New York, PhiladelphiaSix Flags Hurricane Harbor
Harrisburg-LancasterSix Flags Wild Safari
New JerseyNew England:Six Flags New England
Boston, Hartford-New Haven
Washington, DC:Six Flags New America
Washington DC, Baltimore
Atlanta:Six Flags Over Georgia
Atlanta, Greenville, GA
Six Flags White WaterBirmingham, GA
THEME PARK LOCATIONS
ENVIRONMENTAL ANALYSIS
EXTERNAL COMPETITORS
Brand Competitors:• The Walt Disney Company
and Universal Studios
Product Class Competitors:• Ybor Regional Park and
Typhoon Lagoon
Generic Competitors:• Carnivals• State Fairs• Concerts• Festivals
TOPICS OF CONCERN
Increased Gas Prices & Cost of Travel:• Customers not in favor of long
driving distances
Locations:• Six Flags is not located in areas
that are saturated with competitors (Ex. Orlando, FL)
Technological Trends:• Biometrics / Fingerprint scanner• Mobile Ticketing• Electronic Line Pages
Future of Roller Coasters:• Increased Speeds• Less Friction (bumps, noise)• Magnetic tracks levitation
Political & Legal Considerations:• Acceleration Standards• Force Regulations• Equipment Maintenance• Patron Restraints
ISSUES ANALYSIS
List of IssuesMixed messages in adveritisngExpanding abroad without focusingOn fixing domesticallyNot expanding in competitive saturated environments (tampa, orlando)Financial stability
LOCATIONS OF COMPETITORS
The Walt Disney Company Six Flags Entertainment
Universal Studios Busch Gardens
• Not located in saturated markets• All locations do not remain open year-long• Image does not compete
OTHER ISSUES
Financial Stability:• Recovering from a major
bankruptcy (2009) • High risk of being purchased or
merged
Expanding Abroad:• Plans to expand abroad too
quickly• Not enough attention to domestic
park maintenance
Mixed Marketing / Target Market:• Current advertising programs
do not utilize Looney Tunes effectively
• Current advertising programs are deemed ineffective towards intended audience
TARGET MARKET DEFINITION
TARGET MARKET DEFINITION
It is projected that an average of 26 million people in the United States will attend one of the Six Flags
Entertainment parks in the US by the end of 2010. Of those 26 million, the primary market will be formed of families,
ages 25-44 with approximately 2.6 children; and a secondary market will be formed of teenagers, ages 16-19.
PRIMARY TARGET MARKET
25 – 44 years oldMarried couples with 1-2 childrenReside in the United StatesIncome:
• Reliable / Average $50,000 - $74,000
• Middle to Upper classOccupation / Education:
• Vary
The Rodriguez Family & The Smith Family
Generation:• Parents - X (born 1961 – 1981)• Children - Z (born 1990 – 2000)
Benefits Sought Out:• Relaxation• Family time and vacations
SECONDARY TARGET MARKET
16 – 19 years oldSingle / 1 – 2 siblingsReside in the United StatesIncome:
• Dependent on family• Average $0.00 - $9,750.00
Occupation / Education:• Student
Jamey Teen & Johnny Teen
Generation:• Y (born 1980 - 1990)
Benefits Sought Out:• Quality time with
friends• Fun and thrilling time
GOALS & OBJECTS
GOALS FOR THE FUTURE
• Improve and upgrade existing locations / environment
• Improve brand equity and image• Continue having friendly service• Establish more of a family friendly theme park• Develop ways to use cutting edge technology• Implement effective sales promotions• Continue online sales, functionality• Utilize the Looney Tunes brand more effectively
OBJECTIVES FOR THE FUTURE
• Earn money to get out of bankruptcy in the next five years
• Earn more market share to compete with Walt Disney and Blackstone (attain more than 13% to compete with Blackstone)
ACTION PLANS
PREMIER ON UNDERCOVER BOSS Premiers after Super Bowl on CBS
Objective:• Create brand awareness through a television show,
while building brand equity internally and externallyDescription of the Program:
• Be featured on CBS show Undercover Boss• Help sales force develop better• Better gauge of what is happening• Ability to train employees better• Shows appreciation for employees
Timing:• Future season of Undercover Boss (January 2011)
Budget:• N/A (no profits or expenses)
SMART PHONE APPLICATIONSAvailable for iPhone and Android
Objective:• Make Six Flags more convenient / accessible with the
creation of a “My 6 Flags” application for smart phonesDescription of the Program:
• Smart phone application features: park maps, wait times, ticket sales, promotions ($15 off gas receipt to visit)
• Wait in line fun facts about the parks• Driving distances
Timing:• Takes approximately 30 days to develop• Application will launch in March• Has no expiration date
Budget:• Production: $150,000.00• Cost to download: $1.99
ON-SITE MARKETING & ADSBusiness – to – Business Sales
Objective:• Increase number of corporate partners and sponsorships
by building awareness for already existing programs and sponsors
Description of the Program:• Advertise in theme parks programs that already exist• Ex. 4th of July Event sponsored by “Coke”• Create opportunities for ad space sales in parks
Timing:• Year round sales
Budget:• Events and sponsorships - $75,000.00• Earnings from advertising sales
THE END