Date post: | 14-Apr-2017 |
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Technology |
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THE YAHOO SMART DEVICEFINAL PRESENTATION
JUSTIN COSTEIU
YAHOO TODAY• YAHOO IS A SEARCH ENGINE WEBSITE
DESIGNED TO:• SURF THE INTERNET • KEEP USERS UPDATED WITH CURRENT EVENTS
• CURRENTLY HOLDS A MARKET CAPITALIZATION OF $28 BILLION
• QUARTERLY REVENUE AND GROWTH RATE ARE ON THE DECLINE
• BILLIONS OF USERS
BIG IDEA YAHOO SMART DEVICE
• CREATE A DEVICE SIMILAR TO A SMARTPHONE• NO TEXTING/CALLING SERVICE
• INCLUDE ALL APPS AND SERVICES YAHOO PROVIDES • SIMPLIFIES YAHOO AS A BRAND • PUTS ALL SERVICES INTO ONE
• TECHNOLOGY COULD:• DAILY WEATHER UPDATES • SIFT THROUGH EMAILS BY IMPORTANCE • DAILY SPORTING UPDATES
CURRENT MEDIA PRESENCE • YAHOO UTILIZES THE FOLLOWING SOCIAL MEDIA
PLATFORMS: • TWITTER • FACEBOOK • INSTAGRAM • PINTEREST
• YAHOO HAS VARIOUS APPS PROVIDING SERVICES IN:• EMAIL • WEATHER • FINANCE • SPORTS • MESSENGER • FANTASY LEAGUES
• YAHOO UTILIZES A BLOGGING SERVICE
TARGET AUDIENCE• ANYONE USING THE INTERNET • COULD TAILOR TARGET AUDIENCE BY INTERNET USAGE • YOUNGER IN AGE (12-50)
METRICS
• USAGE OF YAHOO'S SERVICES WILL SKYROCKET IF RESPONSE IS POSITIVE • KEEP TRACK OF WEBSITE USAGE • UTILIZE BLOG FOR CUSTOMERS TO MAKE RECOMMENDATIONS • COMPARE AMOUNT OF PEOPLE USING EMAIL BEFORE/AFTER
BUDGET • TOTAL BUDGET: $7 BILLION• $1 BILLION IN ADVERTISING • YAHOO SPENT $1.3 BILLION LAST YEAR IN SALES AND MARKETING
• NEEDS TO BE DOUBLED DUE TO INTRODUCTION OF THE SMART DEVICE
• PACKAGING: APPROXIMATELY $7 PER DEVICE• MOST MONEY WOULD BE SPENT CREATING THE DEVICE•
TOOLS AND TACTICS
• YAHOO WILL NEED TO UTILIZE BLOG FOR FEEDBACK • SOCIAL MEDIA FOR ADVERTISING • REVAMP EVERY ASPECT OF THE COMPANY TO DEMONSTRATE
ADAPTATION TO NEW MARKET • EMPLOY PEOPLE TO WORK IN NEW SEGMENT OF THE COMPANY • SHOW CREATIVITY, EASY PRODUCT USAGE AND UNIQUENESS IN
ADVERTISING EFFORTS
EXPECTED GOALS• INCREASE IN MARKET SHARE • INCREASE IN STOCK • REVENUE THAT AT LEAST DOUBLES COST • INCREASE IN CUSTOMER SATISFACTION • CREATION OF A WHOLE NEW MARKET • GAINING NEW CUSTOMERS • HAVE TECHNOLOGY READY TO GO BY 2020
SUMMARY • CREATE A SINGULAR DEVICE THAT INCORPORATES ALL OF YAHOO'S MANY SERVICES • SIMPLIFY YAHOO • THIS TECHNOLOGY OPENS NEW MARKET SEGMENTS FOR YAHOO• THIS SMART DEVICE WILL BE USED TO:
• REMAIN UPDATED CONCERNING CURRENT EVENTS • CHECK/SEND EMAILS • RECEIVE WEATHER AND SPORTING UPDATES • CHECK FINANCES