Learning Experience 1.9 MONSTERS, INC. “We scare, because we care” The Product of Monsters INC. What are the consumers’ needs that Monsters INC provides service for? Who is the target market? What is the demand for the Monsters INC. product/service? What is the status of supply for the Monsters INC. product/service? What is the economic problem experienced by Monsters INC.? ___________________________________________________________________________________ ___________________________________________________________________________________ ___________________________________________________________________________________ _________________________________________________________ Monsters INC. Marketing (Whilst watching Monsters INC. identify the different methods of marketing used to promote the Monsters INC. Company). Monsters INC. Resources (Whilst watching Monsters INC. identify in the tables different examples of Land, Labour, Capital and Enterprise resources). Land Labour Capital Enterprise Monsters INC. Employment Structure (Whilst watching Monsters INC. identify the listed characters roles and responsibilities working for Monsters INC.). Character Occupation Responsibilities Employer Incentives Contribution to Monsters INC. Mike Wazowski James P Sullivan Randall Boggs H J Waternoose Celia Mae Roz Smitty Needleman C.D.A. A Review of Monsters INC. Strengths e.g. Positive marketing “we scare because we care”. Weaknesses e.g. Energy crisis, scream shortage, rolling blackouts, can’t meet demand. Opportunities e.g. Planning for the future … “working towards a better tomorrow, today”. Threats e.g. Scream shortage … “kids these days, they just don’t get scared like they used to”. Product Development – Future Directions (Consider both forms of energy supply: scream and laugher. PMI both as products for Monsters INC.) Scream Energy “We scare because we care” Pluses (+) Minuses (-) Interesting (?) Minuses (-) Interesting (?) Laughter Energy “Think Funny” Pluses (+) Follow-up activities 1. 2. 3. 4. Represent Monster INC. as an example of the circular flow of income model in practice. Following the paragraph framework, explain your model. Explain how both Scream Energy and Laughter Energy affect market demand and supply. What are the advantages and disadvantages of both to Monsters INC? Design a new advertisement for the new Monsters INC product ‘Laugher Energy’. Use the paragraph framework to present a paragraph on the following statement: “The film Monster’s INC presents in animated form a story about energy that is currently being played out in real life”.