Monday, May 20, 2019
Eharmony Case Study Essay
In the new world of making a name for yourself, one of the most important characteristics of human culture has begun to be lost. Love, relationships, marriage, etc. engender any begun to be sw tout ensembleowed by the notion that in order to be successful in this world, your full attention, time, and bullion must be put into your c atomic number 18er. Before the 20th century, life was simple and universal. Men brought home the bacon mend women stayed at home washing dishes, cleaning the house, raising children, and cooking meals. Most married a stayed married. split up was highly frowned upon and therefore never happened. However in the turn of the century, the age of engineering and equal rights activists have brought a large change in the substance our society is run today. Nearly half of all marriages now end in divorce and very few last much than four years. not all of this is due to the selfishness and desire to stray from monogamy as most would think. Much of it has to do with the point that people are so consumed with being all they can be and not putting in the time required to have that special connection with another human.Harmony was created to provide a way for members of society to easily meet potential significant others and date over the internet while not sacrificing time in their workplace. The initial response of the public was wary. People felt embarrassed that they had to use technology to find that special someone rather than go out and do it on their own. However, soon the turn up began to catch on. eHarmonys marketing technique focused on finding marriage rather than relationships and denote other users who had great success with the invest.The success stories proved that eHarmony was the top site for finding huge-term, committed relationships and marriages. different sites, such as contain and yahoo Personal, established themselves as successful go out sites however two lacked the number of successful marriages. To compe te with eHarmony, Match introduced chemistry, which mimicked eHarmony and was focused on producing marriages. Also in response to the emersion of eHarmony, Yahoo Personal introduced a Premier option which also was focused on being more(prenominal) personal in the hope to produce more marriages.Now the central problem for eHarmony has begun. eHarmony established itself as the leading matchmaking company exclusively with competitors threatening to take market make out, the company needed to find a way to preserve its reputation and remain the top matchmaking website for long term relationships. Industry Environment author with Internal Rivalry, eHarmony faced a lot of competition within the industry. The most notable competition rest in pricing. There were hundreds of dating sites on the web pertaining to many different types of people.Some were broad and inviting for everyone, others particular to simply a certain demographic whether it be race, religion, and/or even marital status. Along with these dating sites, were social networking sites but these proved to not generate much competition. Some sites had membership fees while others were desolate. The free sites were generally not as well run and were not successful in creating long stand up relationships. However the fact that they were free forced membership sites such as Match and eHarmony to bring take down the price of their subscription fees.With hundreds of matchmaking sites on the web, one would think that it would be an easy industry to enter. However, each year around 850 different sites attempted to join the industry and quickly failed or failed to ever gain a profit. eHarmony, Match, and Yahoo Personal had made names for themselves and it was going to be very difficult to gain market share without a lot of capital, advertising, and marketing. Going along with new entrants, there were also very few substitutes in the industry.Harmony established itself as the leading long-term Matchmake r and only Yahoo Personal and Match had the resources to compete. Within eHarmony, supplier power was relatively low. The company grew to only 230 employees and half of which worked in customer service. The studies and surveys through with(p) by the company were simple and only involved researching couples. Therefore supplier costs were low and substitutes were right away available. On the flip side, Buyer power became very high for eHarmony.Harmony offered a service to rectify dating and have a better chance at finding that special someone. Consumers saw confidence in that by joining eHarmony they would quickly and easily find someone they could marry. Strategy in the Environment eHarmonys strategy worked out very well for its targeted customers. The matchmaking industry is very difficult to treat because there are so many different cliques within it. How do you create a site that satisfies the wants and needs of every individual spirit for love? You cant.Sexuality, race, rel igion, personality, monogamy, long term, short term, family, age, and appearance are just a fraction of the characteristics needed to be considered for an online dating site. eHarmony focused its strategy on what it felt would be the largest group of buyers without taking on every single characteristic that would go into a relationship. Heterosexuals looking for a long-term relationship leading to marriage are the buyers eHarmony is looking for.The personality profile and control communication were the backbone of eHarmony and were relied on most to matching singles together. Harmony felt that these tests and strategy would only apply to this demographic so many applicants to the site were denied for various reasons such as homosexuality, being married, and having more than three divorces. Many felt that eHarmony was discriminating against these certain people however with all the research eHarmony had done, the similar amount of research would need to be completed for all other d emographics and could potentially harm the radical that eHarmony was a site to find marriage not a site to find an affair.However, new competitors, want Chemistry, used this to their advantage by advertising eHarmonys rejections and saying that they were 100% accepting. eHarmony had no response to this but instead should continue to defend its position as the leading matchmaking company for long-term relationships. As long as it stays on top, it can retain its customer loyalty and therefore prevent Chemistry from gaining much market share. eHarmony will also likely expand into new countries to drive costumer harvest-time and if it does so quickly it can gain popularity before its competitors who will likely do the same thing.
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