Globalization has been an important aspect of development of the modern era. One of the most important elements of globalization has been photography. The emergence of photography radically changed painting and democratised art by making it more portable and accessible to all. It also helped art to become much cheaper and easily available. An effective photograph has the capability to share the perfect information about humanity as well as nature (DiPaulo and Scarff 2018). It can be said to be a clear representation of the human world and it can provide the best way to enrich human knowledge and understanding. Black and white photography has a long history and gradually it has made a comeback in a silent manner. The like, for successful and effective black and white picture has been present all the time. The presentation of black and white pictures offers greater contrast and wide tonal range with different variations in between the different elements. The report here presents an idea on the revival of the Monochrome Photography. Monochrome Photography is a particular kind of photography that utilizes different form of light instead of different colours in order to capture and represent images properly. As Monochrome offers a varied range of benefits including the likes of representing particular kind of photos, contrast and special images that are important for success. The revival path of the Monochrome Photography has been presented here through the development of some consulting tools and strategic models that are quite important for success. The Monochrome which was once a favourite medium of photography until the age of the digital colour film. However, the fascination for the same has been intact and modern day photographers have started using monochrome based photography to bring variety. Thus a proper and strategic planning can be important for the commercial rebranding of Monochrome Photography, given its rising demand in the market.
The revival of the Monochrome Photography is one of the complex issues given its technical complications and time needed to use it efficiently. However, it is important to chalk out a basic revival plan that can help the product growth. The following case of Monochrome Photography can be completed by means of a Bottom-Up Approach. The bottom –Up Approach is the best suitable for this particular case as there is little idea on the success of the Monochrome Photography in the market. Therefore the Bottom-up approach of business consultancy can provide a rough estimation of the specific phenomenon(DiPaulo and Scarff 2018). The rough phenomenon includes the development of a proper technique that can be important for the development of success. The process involves the idea of estimating the consumption of a specific good (in this case estimation on the use of the monochrome photography) and accordingly find out the number of users who will be using them. Such a detailed idea can also present an estimate on the market size of the organization and ensure success accordingly. The development of the market size can be crucial in the revival of the monochrome photography.
No product has a long lifeline and no product can be successful for a long period of time. Data Analysts claim that each and every product has a specific timeline in which it persists. Monochrome Photography which was once a favourite gradually lost its value with the advent of more modern digital photography. Though, the modern day presents a large number of different technologies that makes photography especially the film photography much more successful. The development of different forms of strategic models is important for the success of the management as such a process can help revive the development of the product efficiently. Some of the major steps that can be implemented in the revival of the Monochrome Photography are as follows;
Apart from all the above mentioned strategies one of the most important concepts that the management needs to apply is the concept of Red Ocean and Blue Ocean. The revival strategy of Monochrome Photography will be a combination of the Red Ocean and blue ocean concepts as the product need to fight off the current competition in the existing film market and on the other hand, create a unique and effective space for itself that can ensure success in the most practical manner.
Key Partners The key partners of the following project are the shareholders of the organization and the financial sponsor. |
Key Activities The major activities include the development of proper strategy like that of promotion of the Monochrome photography through different distribution channels like social media |
Value Propositions The value of the Monochrome Photography can be increased by means of effective analysis of the value of the product. The professional sales strategy and professional presentation can be said to be quite efficient and effective for success in an organized manner. |
Customer Relationships Effective Customer relationship can be maintained in order to ensure success in a professional process. Customers must be made aware of the benefits and importance of monochrome photography. |
Customer Segments Customers need to be segmented in order to develop the target market in an effective and organized manner. An effective target market can provide the base for monochrome photography to gain re-recognition and also gain adequate market share that can be said to be important for success. |
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Key Resources The human resources and the funds to be incorporated to re-market the monochrome photography are the key resources of the new plan. |
Channels The development of a product distribution channel is certainly one of the most effective elements of the business process. The creation and promotion of new distribution channels can be important to reach out to the target customers of the product. Distribution channels can present the opportunity to reach out to a larger community of potential customers. Apart from indirect distribution channels, the use of direct distribution channels can also be an important part of the business process. |
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Cost Structure Cost structure involves the development of a particular cost strategy that can be important for success. The development of the cost strategy can help in the development of the product. The product must be priced moderately in order to attract a large number of potential customers. A moderate price range can be beneficial for the product as it can ensure a much larger penetration and also a much larger sales in the market. |
Revenue Streams As said earlier, it is important to develop a strong financial source who can play the role of a perfect investor or sponsor to support the revival project of Monochrome Photography. The presence of a sound and safe revenue stream can provide a strong and efficient success for the product in the market. |
A proper analysis of the market is important for the development of an efficient market for the Monochrome Photography. The modern day market is generally filled up by the likes of digital photography. The presence of advanced tools and different colours in the modern age has made the digital photography a much better and advanced choice for the professionals. A large part of the market is currently being dominated by the digital photography. Such a process clearly represents the amount of capability of the modern day digital systems. However, the strategy needs to be applied efficiently in order to develop success in the most professional and organized manner.
It is important to develop some unique insights that can present a clear vision of the success of the Monochrome Photograph. For example, an increase in the value of the Monochrome Photography can be used to effectively analyse the value of the product. The professional sales strategy and professional presentation can be said to be quite efficient and effective for success in an organized manner (Timberlake and Haselden 2019). An effective sales and marketing strategy of the same can be beneficial for the growth of the business in a professional process. For example, the identification of different forms of unique insights or benefits that only the monochrome photography can provide is important for success.
The revival plan of the monochrome photography will be carried out following a number of steps. They are as follows;
There will be a large number of risks involving the reintroduction of the monochrome photography in the market. Some of them are as follows;
Conclusion
The report here has presented a great idea regarding the development of effective insights of re-introduction of a matured product in the market. The like, for successful and effective black and white picture has been present all the time. The presentation of black and white pictures offers greater contrast and wide tonal range with different variations in between the different elements. This particular opportunity must be used to re-introduce the product in the market in order to gain success.
The analysis of the market trends clearly presents a transparent picture of the business process that can be important for business success in the most efficient and organized manner. The re-introduction of the Monochrome Photography can be quite important for business success as it gradually regains its commercial value in the last couple of years. Some of the major recommendations before any investment on the following as a prospective of future business are as follows;
· Development of proper training procedures for users
References and Bibliography
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