PowerPoint presentations: 10-15 minutes
a) Define Pandora’s product in words (e.g. this is the market for ____________). NOTE: this is not easy or obvious! You may want to consider two or more different products in different markets.
Pandora is a leading web broadcaster; the media industry’s products are diverse and unique. The web radio views its audience as the products, which it sells to advertisers. The company must work hard in order to increase its audience since the larger audience it has the more advertisers it stand to gain. This requires the company to develop appropriate mass media products that appeal to the target market.
b) Describe Pandora’s customers and competitors in words
Pandora’s customers: The internet community which consists of young and technological individuals.
Pandora’s competitors : Other web radio broadcasters. Pandora just same as any other business organization. They must carry out extensive market research with the view of understanding of their audience and to develop appropriate content with which to help retain the audience.
c) Define the market in terms of perfectly competitive, monopolistic competitive, oligopoly or monopoly and justify your answer in terms of specific sources of market power.
Pandora has establishes a larger market niche than any other company in the industry and this makes the market monopolistic. The company has the largest percentage of market share which more than five million users.The increase in the copyright fees will affect the company to increase the cost of operations. The company will require more money to develop mass media products.
d) Draw a graph to illustrate the market. As in a) above, you may want to consider two or more different graphs that correspond to Pandora’s different products/markets.
e) Draw another graph to show how the market(s) would change with the new royalty fees.
f) Write in the text the message of these graphs how they inform your analysis recommendation.
a) Following Madison’s definition of faction, what is the “overarching social objective” associated with Pandora’s product?
b) Given the social objective in a), identify at least three (3) important factions in Pandora’s market. Your identification should include a brief description of WHO is in the faction, and most importantly, what is the group’s interest that is opposed to the social objective you identify in a).
c) What is Pandora’s organizational objective? It may be helpful to go back to our discussion of organizational strategy from Porter and Collis & Rukstad.
d) Given Pandora’s organizational objective, identify at least three (3) important factions within Pandora’s organization. As in b) above, your identification should describe WHO is in the faction and what their interest is that is opposed to Pandora’s objective.
b) Spend all of your time re-working your business to be able to survive under the new fees assuming that you’d lose any fight. If so, what would be two (2) things that you would focus on in your restructuring?
Buy a skip package. Package vs individual no ad subscription benefits
Pay for station minus ads.
Live video feed for concert. Online ticket. Package or individual tickets.
Ask me anything.
Expand licensing. Search data.
Pandora radio in car?
Market: Monopolistic Competition (Barriers to entry due to brand name/ differentiated products. Few companies within this market but there are barriers) Market heavily subsidized by advertisements
Pandora’s Product is an internet based radio station that can be personalized per the viewer.
Apps different from radio online
Pandora’s Customers: Are those with access to the internet and enjoy listening to music. (On average they listen to music 10hrs. a day). People of all ages have been reported to listen to Pandora. but the main audience is those from 13-40 years of age. Ads can target to audience of 18-36.
Pandora’s Competition: Other internet radio providers, and also AM/FM/XM radio providers in some cases itunes and amazon (even though they have contract with Pandora)
The overarching social contract: To provide music catered to an individual’s taste, while also exposing the audience to new music/access to purchase this music
Factions in Pandoras Market: those who do not like ads, those who do not like to pay for radio,
and those who like to listen to many songs (without skipping). Advertisers. Who like exposure. Who like cheap ads. Who like
Organizational structure: make a goal based on what I read?
Original competitors: AOL Yahoo now spotify and I heart radio
History of Royalties: Radio does not pay royalties since they were paid negative royalties. now royalties cost more each preceding year
Pandoras history: Pandora started with a free 10 hour campaign, but people just listened to the 10 hours and that was it. now the have a heavily subsidised add program with 40 hours a month free and you can pay 99 cents after the 40 or just wait to next month.
Advertisers based on age is pandora product.
Pandora researcher. Webmaster. Maketer