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The introduction of a newer, upgraded consumer technology product, like the iPhone, almost invariably means the introduction of a new, …
22 Thursday May 2025
20 Tuesday May 2025
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The marketing phenomenon that is MrBeast is hard to avoid; we even have discussed him previously in these abstracts (“Finding …
24 Thursday Apr 2025
Posted in Chapter 08: Global Marketing
17 Thursday Apr 2025

Lizzie and Sarah Means grew up on a cattle ranch in rural Texas. The sisters spent much of their childhoods customizing their own cowboy boots. Following early careers in finance and fashion, they decided to introduce their designs to a fashion-conscious, largely female audience that values both design and authenticity. Thus began Miron Crosby, a footwear brand that effectively caters to growing demands for “quiet luxury” by selling bespoke, handstitched footwear.
The success of Miron Crosby also benefits from the rising popularity of alt-country music and western-inspired clothing styles. But the key appeal that the Means sisters promise, and that Miron Crosby delivers, is the possibility of owning a personalized, unique pair of boots, crafted by hand, by artisans. Buyers who seek luxury offerings that set them apart, in a demure way of course, clamor for the chance to select from the range of colors and styles available from Miron Crosby, and then get the company to personalize their order even further.
Reflecting such popularity, Miron Crosby boots can be seen both on the runway and off. The designer Prabal Gurung launched a highly lauded collaboration with the brand. Celebrities in various sectors—from the musician Kacey Musgraves to the model Gigi Hadid to the actor Beth Behrs—count themselves as fans and appear in various media reports wearing their personalized boots.
Exhibiting their marketing savvy, the Means sisters have worked hard to capitalize on their free publicity, while also continuing to market strategically to their ideal customers. For example, the founders pursued and entered into a partnership with Neiman Marcus. The luxury retailer will feature an exclusive offering of celestial-themed Miron Crosby boots in its famous annual Christmas Book. At a retail price of $28,000, the footwear come with a complimentary reading from Dua Lipa’s astrologist—a wink and a nod to the reemerging popularity of horoscopes, alongside the ever-present obsession with celebrity culture, even among ultra-wealthy consumers. It’s a sort of “IYKYK” branding that signals Miron Crosby’s effective marketing strategy.
The Means now appear more focused on expanding their luxury label. For example, a third physical location recently opened in Aspen, where the local clientele offers the perfect mix of new money in the hands of outdoors enthusiasts who might need boots to trek over snowy sidewalks. This location follows its first two stores in Dallas (also the original home of Nieman Marcus) and Houston, which appear in exclusive, wealthy neighborhoods. When asked about the brand’s plans further into the future, the founders raise the possibility of tackling the very concept of high fashion and romanticizing the silhouette of the cowboy boot, especially as it exists in American history.
Discussion Questions
Sources: Caitlin Clark, “How Miron Crosby’s $28,000 Fantasy Boots Became a Neiman Marcus Reality,” D Magazine, November 11, 2024; Pamela N. Danziger, “How Two Sisters from Texas Bootstrapped a Luxury Cowboy Boot Brand, Miron Crosby,” Forbes, October 21, 2024; Stephen Garner, “How Miron Crosby Is ‘Bringing the Cowboy Boot to the Fashion Table’ as It Eyes Growth,” Footwear News, December 2, 2021
15 Tuesday Apr 2025
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Consumers who demonstrate loyalty to a brand are important. But brand fans can be instrumental, and superfans might even be lifechanging.
When we talk about brand loyalty, the conversation usually pertains to how and why some consumers repeatedly purchase the same items from the same brand, as opposed to competing products. In many cases, those decisions are motivated by habit and the maintenance of at least some moderate level of satisfaction.
To build brand superfans though, brands need to allocate a great deal of time and strategic effort. These superfans are actively and personally invested in the growth of the brand, such that they advocate for it vocally and frequently. Developing such devotion isn’t easy, but a few modern examples provide a playlist for doing so.
Of course, we’re referring to the uber-popular musicians like Beyoncé or Taylor Swift, whose active, devoted fandoms are legendary. Some consumers simply enjoy their music and performances; the artists’ appeal is widespread. But in branding themselves, the musicians also work with marketing teams to enhance their appeal and cultivate more powerful forms of customer loyalty. Swift establishes dedicated, unique spaces for her most devoted fans, in the form of limited-edition music and branded merchandise that people can purchase to signal their exclusivity and dedication. This strategy is not unlike a tactic by more conventional brands, such as fashion houses, that re-release archival pieces for a limited time, to honor the fans who “knew them when” and create a sense of urgency to purchase a piece of brand history.
Whereas musicians seemingly have an advantage when it comes to inducing brand loyalty—because their artistry and productions are designed innately to resonate emotionally with consumers—even less affect-inducing brands can created legions of loyal superfans. For example, when hedge fund managers bet against GameStop by shorting its stock, its loyal fans came together to invest and drive the stock price back up, determined to salvage their source of video game consoles, accessories, and games. Their financial strategy seemingly was driven largely by emotion rather than reason: The company was struggling and appeared headed toward bankruptcy, so shorting the stock actually made rational sense. But nostalgia for the days when they could visit their local GameStop and comb through the offerings, or wait in line for a new release, prompted a decidedly illogical investment strategy. That is not to say the investments were totally unjustified: For superfans, shuttering GameStop would mean the end of a retailer whose products they liked to buy, but also the conclusion of an important part of their childhoods.
Although it was not necessarily in danger of going out of business, PacSun chose to capitalize strategically on its fanbase in a way that seemed likely to build new momentum. That is, it asked superfans to create marketing content for the brand. The company selected photographers, designers, and stylists who indicated their loyalty to the brand to be included in a newly formed PacSun Collective. The collective will consult with the company and provide input for future advertising campaigns and launches, including the choice of the creative direction for its spring/summer marketing push. This fan branding strategy spans multiple levels. It encourages conversations between PacSun and its biggest fans, which helps make those consumers feel valued and important. At the same time, it engages new audiences and potential consumers, without having to pay to run conventional marketing campaigns or collaborate with the usual influencers in this space.
Discussion Questions
Sources: Alicia Esposito, “KCI Survey: Swifties, the BeyHive and BravoCon Demonstrate the Power of Superfans,” Retail TouchPoints, March 11, 2024; Natalie Berg, “What GameStop and Taylor Swift Teach Us About Superfans,” Forbes, October 10, 2024; Rebecca Barker, “In a Smart Marketing Move, PacSun Tapped Its Customers to Create Its Latest Campaign,” Inc. Magazine, February 13, 2024
10 Thursday Apr 2025
Posted in Chapter 16: Supply Chain Management
Tags
barbie, merch, Movie, restructure, scm

Recall when virtually everywhere you looked, all you saw was Barbie? In 2023, the year the blockbuster The Barbie Movie appeared in theater screens, doll-related content was ubiquitous. Across social media trends, Halloween costumes, and sky-high billboards of Margot Robbie’s perfect face, Barbie’s popularity reached new heights, captivating audiences and also generating the best box office receipts in all of Warner Brothers’ history.
Yet Warner Brothers does not own Barbie; Mattel does. The toy company likely had anticipated the buzz that the movie would create for its products, considering how quick it was to capitalize on its success with new product introductions and tie-ins. As a result, the Barbie brand achieved 24 percent growth in the last quarter of 2023, enabling Mattel to announce impressive revenues overall. The company also gained an enviable, substantially improved financial position.
Posting strong revenues is great, but Mattel also knows that sustaining such success requires additional strategic plans. The toy market overall also continues to be buffered by broader challenges, including the persistent difficulty of appealing to kids who are hooked on video games and smartphone applications. Therefore, Mattel has taken its newly expansive financial resources and invested them strategically. In particular, it has allocated substantial resources to overhauling its supply chain, seeking to make it more dynamic and responsive to shifting consumer tastes. In this process, Mattel shuttered some factories and indicated plans to eliminate some less popular brands; outsourced production of other product segments; and also consolidated the production process for its American Girl brand.
By adopting these distinct and specific strategies for its different brands, Mattel gained new reserves of slack resources, which it could reassign to its most popular and profitable toy categories. The goal of this redesigned approach is to account for persistent and current trends, as well as seasonal market patterns. Of course, Barbie herself benefitted greatly from the restructuring. The brand remains the most popular doll property for Mattel and its second-most popular toy property overall.
Beyond the production restructuring, Mattel indicated its openness to new partnerships with other toy brands, such as Hot Wheels, Fisher-Price, and Uno. Then, reflecting its recognition of the vast benefits that can result from successful movies, Mattel’s film subsidiary division announced its first animated film, featuring characters and storylines from Bob the Builder. Many other movies and television shows reportedly are in development, and why not? The success of The Barbie Movie gave Mattel a clear indication of the possibilities of leveraging its intellectual properties in various, creative ways.
Discussion Questions
Sources: Granth Vanaik, “Mattel’s Quarterly Loss Smaller than Expected as Cost Cuts Pay Off,” Reuters, April 23, 2024; Liz Young, “Taking a Lesson from Barbie, Mattel Builds a More Nimble Supply Chain,” The Wall Street Journal, October 13, 2024; Nate Delesline III, “After ‘Milestone Year’ Mattel Targets $200M In Cost Savings,” Retail Dive, February 9, 2024
08 Tuesday Apr 2025
Posted in Chapter 10: Marketing Research

Soccer is the most popular sport in the world. Played on six continents and in nearly every country, it represents a universal language. And now, for the millions of young footballers who dream of becoming the next Pelé or Maradona, as well as the teams that aim to sit atop the standings of the various world leagues, there’s an app that can help.
The London-based aiScout program hopes to revolutionize the way that teams and leagues scout top soccer talent. It enables individual players to upload their own, self-recorded footage of themselves engaged in a series of 75 drills, which the company identified as critical to defining players’ skills. In turn, the AI underlying the program rates and scores each player. The assessment reflects the players’ displayed skills while also using these data to establish predictions about their future performance, in terms of their athletic ability and their cognitive capacities. Beyond the ratings assigned to the individual applicants, aiScout compares them with existing benchmarks, set by current league players.
If soccer leagues or clubs choose to join the system, they can access the summary results and then, if interested, watch the videos themselves. In this sense, they can efficiently conduct virtual trials around the world, with the promise of finding an unknown, remarkable talent. Such promise is substantial, considering the wealth of talent found throughout the world, including among small international teams that often lack the sorts of resources needed to attract scouts for the major leagues. Furthermore, teams and leagues can sort players according to various criteria and categories, such as limiting them to certain age ranges, highlighting players in a particular position, or seeking out those that perform best on specific skills (e.g., power, speed).
Although a trial version of the software has been available since 2019, at which point it attracted interest from players from 125 countries, it only hard launched in 2023. Since that time, aiScout claims to have facilitated the signing of 135 players with either national teams or professional clubs. It identifies Ben Greenwood as the first success story: Without ever participating in a formal trial, he was recruited by Chelsea Football Club, then ultimately signed by AFC Bournemouth. In response to such anecdotal evidence, an estimated 100,000 players have signed up, and approximately 100 professional clubs gain insights from it.
Even as aiScout promises to enhance the talent scouting process, it freely acknowledges the limitations of the technology. It recommends that teams and leagues use the AI tools as complements to, rather than substitutes for, their expert human scouts. The company might make scouts’ jobs easier, and facilitate connections between individual players seeking a spot and teams looking for talent, but it cannot provide a clear sense of a player’s “grit” or character. It is a tool—an advanced one to be certain, but still a tool that should be used in addition to and in combination with all the other resources that teams dedicate to achieving success.
Discussion Questions
Sources:Jack Bantock, “Top Soccer Clubs Are Using an AI-Powered App to Scout Future Stars,” CNN, March 1, 2024; Steve Price, “Artificial Intelligence Could Be About to Change Soccer Player Scouting,” Forbes, June 21, 2022; Vinay Patel, “Turning Data into Goals: AIScout Is Revolutionising How Soccer Talent Is Recruited,” International Business Times, June 6, 2024
03 Thursday Apr 2025
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What images does the word “Italy” conjure for you? For some, it’s delicious pizza and pasta. For others, it’s beautiful scenery and winding roads through vineyards, all under a Tuscan sunset. But for some people, understanding the true beauty of Italy means recognizing the designs that it has sourced, especially those represented by high-end automobiles and luxury fashion.
And Italist, a company that has partnered with more than 2,000 luxury brands to sell designer apparel at discounts, aims to leverage and cater to the vision of Italy as the fashion epicenter. It operates in what historically has been called luxury’s grey market, such that the marketplace sells authentic products at a significant discount. Many of the firms competing in this sector achieve the ability to offer discounts by engaging in strategic parallel importing, which enables them to take advantage of varying pricing across regions. If a Saint Laurent bag sells for $2,800 in mainland Europe, the same product might be offered for $3,700 in South Korea. Grey market companies make the products available to buyers in Korea at the same price they would charge to shoppers in Germany.
In many cases, national rules and regulations discourage such practices. Instead of working around these nationally imposed laws though, Italist takes a different and more straightforward approach: It pays all the customs fees and duties upfront. Thus for example, it pays sales taxes in the United States and local VAT taxes in European countries—the first grey market luxury brand to do so. Not only does this strategic choice help it avoid sanctions or fights with local authorities, but it also saves customers from having to pay those additional fees.
Beyond its legal and pricing strategies, Italist’s product assortment represents a critical component of the value of its offering. Its curated selection is unique and proprietary. Italist especially prides itself on offering trending products, still at discounted prices, before any of its competitors can list the items. In an extension of this effort, Italist invests strongly in brand discovery, seeking out and offering luxury brands that may not be widely known—yet.
With these carefully thought out approaches to pricing, logistics, and assortments, Italist enjoys an enviable position. During a period of overall decline in luxury goods markets throughout 2024, Italist reported revenue increases. Despite rising logistics costs worldwide, including more oppressive customs fees in many nations, the company also has maintained its four-day free shipping standard worldwide.
As Italist eyes further global expansion, the company also acknowledges the challenges associated with certain markets. It has had trouble selling in China, where the central government strongly prioritizes and promotes websites run by Chinese-based companies. Doing business in the United States also appears likely to become more difficult, assuming that the new tariffs threatened by the Trump administration get imposed. The extent of the impact on Italist and its go-to-market model remains to be seen, but if the United States starts to impose substantial tariffs on products imported from Europe, U.S. consumers will likely find some of the prices they have come to expect on Italist reach unexpected levels.
Discussion Questions
Sources: Elizabeth Paton, “Luxury’s Gray Market Is Emerging from the Shadows,” The New York Times, August 24, 2021; “Italian Luxury Fashion at a Discount: Italist’s US Expansion,” PYMNTS, August 28, 2024; Sharon Edelson, “Italist Continues to Grow in the Luxury Ecommerce Marketplace,” Forbes, January 17, 2025
01 Tuesday Apr 2025
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What do coffee, sneakers, and airplanes have in common? For some of the biggest names in these markets, their shared characteristic is change. That is, Starbucks, Nike, and Boeing have all undergone the upheaval of losing their existing chief executive officers and bringing in new leaders, with radically different ideas and approaches, to run things. Although still in the early months of their tenures, some of them already appear to be faring better than others.
After Starbucks faced its third consecutive quarter of falling demand—seemingly due to increased competition in China and boycotts of the brand following conflict in the Middle East—it brought in Brian Niccol to revert course. The former CEO of Chipotle, Niccol is something of an expert in turning companies around. He plans to return Starbucks to its original brand identity and reestablish the physical stores as community coffee houses. Niccol has also vowed to simplify the menu and improve staffing levels. Investors seemed happy with the appointment; Starbucks shares increased by 24.5 percent on the day it was announced.
Elliot Hill’s appointment as CEO of Nike followed a year in which stock prices fell 25 percent and revenue was down 10 percent. In his first few weeks at the helm, Hill earned praise for his strategic determination and success in negotiating a 12-season extension of Nike’s partnership with the NBA. But the real test for Nike remains, because Hill must find a way to inspire the established company to create more innovative, appealing products that can compete with trendy, new, hipper sneaker companies like Hoka and On. Nike’s ability to tap into the aesthetics of athleisure, in a way that also creates a more compelling brand image, will likely be what decides its economic future.
And finally, there’s Boeing, with its widely publicized and deeply dangerous product failures. Although notable events like doors flying off planes are recent, expert observers believe the source of many of the company’s problems actually began in the 1990s, when the company exhibited a clear change in focus, prioritizing profit over engineering quality. The installation of Kelly Ortberg as CEO in August 2024 was supposed to help resolve the problems, not make them worse. But even as Ortberg vowed to improve the workplace culture at Boing, strikes by union workers cost the company an estimated $1 billion per month. Boeing reported a $6 billion loss in just the third quarter of 2024, one of the biggest in the company’s history.
Turnarounds of big companies are possible, and the narratives of how they happen make up much of the lore surrounding the genius of company leaders. For example, stories of how Apple and General Motors recaptured market share after periods of decline continue to inspire managers at various hierarchical levels. But success is never guaranteed, and the new leaders of these three companies confront massive pressures to make the right choices. The survival of the brands depends on it.
Discussion Questions
Sources: Allison Morrow, “Why Nike, Starbucks and Boeing Have Lost Their Magic,” CNN, October 25, 2024; Hope King, “New Leaders at Boeing, Starbucks and Nike Face Similar Problems,” AXIOS, October 23, 2024; “How Vital Is a Company’s CEO?” BBC, November 27, 2024
27 Thursday Mar 2025

Despite the challenges that persistently face Major League Baseball (MLB), including complaints about the lack of competitive parity in the league and ethical struggles involving controversial topics such as gambling and performance-enhancing drugs, the sport and the league seem to be performing fairly well. For example, ticket prices for the 2024 World Series reached the most expensive level in history.
In a match-up between two of the biggest U.S. cities, the Los Angeles Dodgers took on the New York Yankees for the first time in 43 years. Fans of these two teams represent the two largest markets for MLB, due in large part to excitement surrounding their ongoing success and their nostalgic, historical legacy. The Dodgers have dominated lately, including a recent championship and highly publicized signings of once-in-a-generation players like Shohei Ohtani. But the Yankees have dominated for most of the history of the MLB and boast a remarkable 27 World Series championships (the Dodgers had 7, going into the 2024 matchup), won by unforgettable, once-in-a-lifetime players like Babe Ruth.
Today, both teams can boast some of the biggest names in the game. Shohei Ohtani is unlike anything baseball fans have seen recently. He is a blazing hitter and base runner, such that in 2024, he dinged 54 home runs and stole 59 bases, the first player ever to surpass 50 on both metrics in one season. Beyond such impressive offensive stats, his defensive position is as a pitcher—a nearly unprecedented combination. The Dodgers kept him from pitching in 2024, to protect his health in the long term, but he has achieved a career ERA (earned run average) of just 3.01. Meanwhile, the Yankees All-Star outfielder Aaron Judge reached base nearly half the times he came to the plate, notched a .322 batting average, and hit 58 home runs, which led the league.
So there were a lot of reasons for fans to be excited about the matchup. Tickets for Game 1 were announced first: a whopping $975 per seat. But that was just the beginning. Game 3 set records for being the most expensive game in the league’s entire history, and resale prices started around $2,000 per seat. Ticketing for prime seats started at $20,000 and climbed from there.
The Dodgers ultimately dominated, winning the best-of-seven series in five games. But perhaps the real winner was MLB, which enjoyed not just the revenues from tickets but also the highest network ratings for the broadcast of the World Series in years.
Discussion Questions
Sources: Abby Montanez, “Yankees-Dodgers World Series Tickets Are the Most Expensive Ever,” Yahoo Sports, October 25, 2024; Jordan Valinsky, “Tickets for this Year’s World Series Are the Most Expensive Ever,” CNN, October 25, 2024; Mike Winters, “World Series Ticket Prices Are the Second-Highest Ever – a Yankees Home Game Could Run You Nearly $5,000,” CNBC, October 24, 2024