True Innovation (& Bacon Strips & Bacon Strips & Bacon Strips)

http://www.youtube.com/watch?v=b6s3rKTvV5c&feature=list_related&playnext=1&list=SP84FBB60DFE42481F

Epic Meal Time has developed a product called bacon salt that will make everything it is applied to taste like bacon. What's so interesting is how they have developed desire for this product. Over a year ago they began to make youtube videos that surrounded obscene amounts of meat, most of all bacon. Once a week they would put out a new video of some creation, made out of mostly if not all meat and have developed enough of a following that they have fans not only buy the shirts they wear but imitate some of the meals they make, keeping this in mind what better way to imitate them then to buy the very same bacon salt Epic Meal Time created.

SAP Distribution Game

In the SAP Distribution Game my team (DD) placed third. This was because we did not know how to properly change the 1L clearpures prices and so while we thought we were increasing the price it was selling constantly at $16.99 and at that price we sold a lot of them. Our strategy was to market everything but the clearpures because those sold on their own and rotate where we marketed each, then change the price accordingly if we were selling a lot of a specific product so that we would make more off of that product. I watched the amounts of product we had and our sales and referred that information to my team along with restocking accordingly. When we were picking jobs I had no preference as to which job I wanted and so when my teammates chose marketing and pricing I took overseeing and because watching our stock of each product was needed for restocking I took that job when it became needed.

While in the game the results were based solely off profit that is not the only factor in business. From a financing standpoint return on equity is most important because the higher your return on equity the more people will want to buy your companies stock and the more funding you will have for future endeavors.

What went well was that we messed up the pricing our second round and forgot how to change it so our 1L clearpures sold at a price that a lot were sold. This is what gave us such high profit. What did not go as well was our sales of almost everything else. Without further analysis of the data it is hard to say exactly why we did so poorly selling the other items. Our prices of the other items were just above cost and even though we were marketing them they did not sell. I can only guess that someone was selling them for a loss.

Two things I learned from the assignment are that just because your making a mistake that does not mean your doing it wrong, as long as once you realize you made the mistake, you understand why it did not cause your downfall, and selling a product requires much more work under a highly competitive market especially when you can not see what the other companies are doing.

Can this Apple get thrown out of the tree?

In the article it says, "the company has strict social media rules to protect its commercial reputation, and forbids the posting of any negative comments on any social media site or social network." Whether or not the post was private that's the rule in plain English that the employee violated. A company has to protect it's image and if so if someone who works for them begins putting them down people may take him for a expert because he works for the company. This would make people believe the negative comments and hurt the company.