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Strategic Marketing - Essay Example

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Gone are the days when a consumer was simply satisfied with a single generic product or brand. Today’s consumers want variety, they want customization, they want a product or service that appeals to their individual needs or to the needs of their social class or age segment or even subculture. …
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Strategic Marketing
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"Strategic Marketing"

Download file to see previous pages The success of Primm Valley Casino Resorts, located at least 35 miles from its bigger cousin Las Vegas in Nevada County is proof that there is indeed truth in the value of segmentation- and that targeting the large Hispanic segment in America is a safe bet that has worked. FACTORS THAT HAVE MADE THIS STRATEGY SUCCESSFUL Primm Valley Casino Resorts is located at least 35 miles south of Las Vegas in Nevada. With this prime location within driving distance, it is surprising that Primm Valley has even managed to court business- but it has and to a substantial degree is evident from the money that is earned on busy weekends. Behind the success of Primm Valley is the concentration on the needs of the large Hispanic population that dominates this and surrounding areas. Hispanics love to travel in groups and many of these groups of friends, neighbors and relatives meet at the resorts or come together to have a chance at the tables, slot machines, dine, drink and have a good time. What greets them here is the sights and sounds of their own language and culture, as the atmosphere is full of Spanish speaking males and females having a good time. Even the waiters and bartenders are Spanish. The signs are in Spanish too, as well as the instructions on every corner. No need to know English here-what a relief! Finally one can enjoy an evening Spanish style. Look, there are even Spanish singers to entertain the crowds in this wonderful language. It is like bringing Spain to America (Medina, 2011). PRINCIPLES AND IDEAS THAT EXPLAIN THIS SUCCESS A little analysis will show that market segmentation, targeting and positioning is behind this success. The resort has capitalized on the needs of the Hispanic market, made the entire process language friendly and also brought in Hispanic singers and entertainers. Segmentation refers to deciphering, analyzing and catering to the needs of a particular segment of the population, in this case the Hispanics. Population censuses have indicated that this is the biggest and fastest growing segment of the US population in the last two elections, so no wonder a good many Hispanics flock the casinos. Besides, there is no sound sweeter than the sound of your own native language, no matter where in the world you are. At the resort, people are served by Hispanic waiters and even the signs at the tables and slot machines are in Spanish. The slot machines are quite a favorite with the Spanish. Being a society that loves to work in groups, Spanish people are influenced by others in their group and also like to follow the lead of others who are having fun in shared activities. Eva Mendes, Eva Longoria, Teri Hatcher and Jennifer Lopez would likely be some of the stars they look up to and want to emulate. By targeting the opinion leaders in the Spanish community, the management of Primm Valley Casino Resorts stands a good chance of continuing to get good business. LESSONS IN TARGETING A NEW MARKET The case study of Primm Valley Resorts is a good example of how to segment and target a new market. Quite obviously the builders and marketers for the resort project had the Hispanic population in their sights as they created the casino and resort areas. While there is a concern that going to the casino regularly would turn some of them into gambling addicts, Latinos know that help is available and take the risk in stride. The management of the resorts thus needs to target proper reference groups. There may be people with different opinions in Hispanic society. The dis-associative group would prefer to shun the resorts altogether, stating that it would lead to the gambling habit, or maybe that it is ...Download file to see next pagesRead More
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