360 likes | 1.45k Views
Cirque du Soleil. Case Analysis Lana Smith. The Industry 1980’s. Traditional circus industry was unattractive. Market growth and revenues stagnant. Competitors were fighting for market share. Little differentiation.
E N D
Cirque du Soleil Case Analysis Lana Smith
The Industry 1980’s • Traditional circus industry was unattractive. • Market growth and revenues stagnant. • Competitors were fighting for market share. • Little differentiation
Cirque du Soleil’s mission is to invoke the imagination, provoke the senses and evoke the emotions of people around the world. Mission
Traditional Competition • Traditional circuses were trying to survive • Competing to attain renowned acts • Costs rose without significantly increasing revenues.
Traditional Circus Appeal • Awe • Clowns • Acrobats • Trained Animal Performances • Family Atmosphere • Live Entertainment
Becoming Cirque • Eliminations from Traditional Circus • Animals • Vendors • Concession Sales • Low Ticket Cost • Lasting Traditions • Clowns • Acrobats • The Big Tent
What is the Difference? • Human beings create the show • Clever performances with theme • Outrageous Costumes • No Animals • Combination of Circus, Broadway and Opera
Financial Implications Decreased Costs Increased Revenue
Analysis Strengths- Unique, Sustainable Advantage Weaknesses- Potential Market Saturation Opportunities- No Limits to Expansion Threats- Bad Management, Lack of New Talent
Questions? *All pictures came directly from Cirque du Soleil's website