Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Electric vehicles are rising in popularity and interest across various international markets. Automobiles, motorcycles, pickup-trucks, bicycles, skateboards, hover-boards, and yes, even surf-boards and outboard engines

Electric vehicles are rising in popularity and interest across various international markets. Automobiles, motorcycles, pickup-trucks, bicycles, skateboards, hover-boards, and yes, even surf-boards and outboard engines for boats. The world seems to trends towards going fully electric. Therefore, it seems rather logical that marketing products in the aforementioned segments will be all about electricity.

Or is it? 

This Discussion invites you to explore BOTH sides of these market trends: (1) electric vehicles will become the new standards of personal transportation and recreation. (2) electric vehicles are overly hyped and not that 'green' or eco-friendly at all.

 

So as a Chief Marketing Officer (CMO) for a company of your choice belonging to either one of the aforementioned segments. what should the future marketing strategy be?

 

Discussion Requirements Pick a company that sells products in either one of the above examples mentioned in the opening paragraph.

Research on the feasibility and market opportunity of electric vehicles in your company's own segment.

Research on the dubious reality that these vehicles are actually 'green' at all (be it the batteries, the manufacturing process, etc.).

Having compared "both sides of the coin" , you have to decide whether to maintain your company's current strategy towards electric vehicles and/or technology, or change it. Why?



















Step by Step Solution

3.31 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

As the Chief Marketing Officer CMO for a company in the electric vehicle segment its important to consider both sides of the market trends surrounding electric vehicles Lets explore the potential futu... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managing Business Ethics Making Ethical Decisions

Authors: Alfred A. Marcus, Timothy J. Hargrave

1st Edition

1506388590, 978-1506388595

More Books

Students also viewed these General Management questions