{"id":4124,"date":"2014-05-08T18:23:53","date_gmt":"2014-05-08T18:23:53","guid":{"rendered":"http:\/\/www.marketingteacher.com\/traffic-lights\/"},"modified":"2016-06-10T13:57:40","modified_gmt":"2016-06-10T13:57:40","slug":"traffic-lights","status":"publish","type":"post","link":"https:\/\/marketingteacher.com\/staging\/5483\/traffic-lights\/","title":{"rendered":"Traffic Lights"},"content":{"rendered":"<h1>Traffic Lights<\/h1>\n<p>Traffic Lights Exercise.<\/p>\n<ul class=\"lessonlinks\">\n<li class=\"lesson active\"><a href=\"https:\/\/marketingteacher.com\/staging\/5483traffic-lights\/\">Lesson<\/a><\/li>\n<li class=\"exercise\"><a href=\"https:\/\/marketingteacher.com\/staging\/5483exercise-traffic-lights\/\">Exercise<\/a><\/li>\n<li class=\"answer\"><a href=\"https:\/\/marketingteacher.com\/staging\/5483answer-traffic-lights\/\">Answer<\/a><\/li>\n<\/ul>\n<h2><strong>A tool for creative marketing<\/strong><\/h2>\n<p>As with many of the tools and techniques considered on Marketing Teacher, <em>traffic lights<\/em> is a simple and effective approach. It&#8217;s just like the <strong>traffic lights exercise<\/strong> that are seen in millions of streets throughout the world, and is a basic metaphor for red, amber and green. <strong>Red<\/strong> means &#8216;let&#8217;s STOP it,&#8217; <strong>Amber<\/strong> means &#8216;PROCEED WITH CAUTION, but make some improvements,&#8217; and <strong>Green<\/strong> means &#8216;Go&#8217; or &#8216;Let&#8217;s carry on with this activity.&#8217;<\/p>\n<p>&nbsp;<\/p>\n<p><u>Traffic lights<\/u> is a creative marketing tool that can be used in a number of ways.<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-thumbnail wp-image-6633\" src=\"https:\/\/marketingteacher.com\/staging\/5483wp-content\/uploads\/2014\/05\/trafficlight-150x150.png\" alt=\"trafficlight\" width=\"150\" height=\"150\" \/><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>You could conduct a personal traffic lights exercise based upon your own personal or professional development.<\/li>\n<li>The exercise can be run at any stage of the marketing planning or creative process. So you could run it as you begin marketing, during a marketing campaign, and at the end of a marketing programme as you review or control your marketing activities.<\/li>\n<\/ul>\n<h2>Traffic lights has a number of benefits to marketing managers:<\/h2>\n<ul>\n<li>It encourages a creative approach to marketing<\/li>\n<li>Traffic lights is simple to use<\/li>\n<li>Traffic lights is quick to learn<\/li>\n<li>Traffic lights cross cultures, since most countries use this common approach to traffic control.<\/li>\n<li>Traffic lights transcend interdepartmental and disciplinary differences so that it is a common platform for decision-making.<\/li>\n<\/ul>\n<p>The starting point is to <u>decide upon an activity<\/u> on which to base your traffic lights exercise. Some examples include:<\/p>\n<ul>\n<li>How do we improve our marketing planning?<\/li>\n<li>How do we make our marketing communications activities more effective?<\/li>\n<li>In what ways could eMarketing be made more efficient?<\/li>\n<li>How could I become a better marketing manager?<\/li>\n<li>How could I improve my grades?<\/li>\n<\/ul>\n<p>Okay, now you&#8217;ve read the lesson, have a go at the exercise (with answer).<\/p>\n<h2>Traffic Lights, Example &#8211; Serendipity<\/h2>\n<p>So let&#8217;s consider a company called Serendipity that markets Ski Wear. Serendipity conducted a traffic lights exercise upon its core marketing activities. Marketing managers and interested individuals from purchasing, sales management, finance and R&amp;D met in a training room, and recorded their views under the headings red-amber-green. The results are as follows:<\/p>\n<h3>Red &#8211; STOP<\/h3>\n<ul>\n<li>Get rid of any distributors that favour competitor brands over our own.<\/li>\n<li>Withdraw product lines that make a loss.<\/li>\n<li>Remove our branding from any none-ski wear clothing.<\/li>\n<li>Stop sponsoring amateur or low ranking skiers, and enhance the exclusivity of our brand.<\/li>\n<\/ul>\n<h3>Amber &#8211; PROCEED WITH CAUTION, and make some improvements.<\/h3>\n<ul>\n<li>Reduce the number of distributors that have Serendipity agency agreements. Start backing our proactive winners that really wish to endorse our brand and make it central to their business.<\/li>\n<li>Promote or reposition products that are mature.<\/li>\n<\/ul>\n<h3>Green &#8211; Go or Let&#8217;s carry on with this activity.<\/h3>\n<ul>\n<li>Reward our best distributors, and develop as the bases for long-terms relationships.<\/li>\n<li>Develop and enhance products that are highly profitable.<\/li>\n<li>Let&#8217;s continue to sponsor top skiers that enhance our brand values.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>As with many of the tools and techniques considered on Marketing Teacher, traffic lights is a simple and effective approach. It&#8217;s just like the traffic lights that are seen in millions of streets throughout the world, and is a basic metaphor for red, amber and green. Red means &#8216;let&#8217;s STOP it,&#8217; amber means &#8216;let&#8217;s carry on with this activity, but make some improvements,&#8217; and green means &#8216;Go&#8217; or &#8216;Let&#8217;s carry on with this activity.&#8217;<\/p>\n","protected":false},"author":1,"featured_media":6634,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[20],"tags":[],"class_list":["post-4124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-creative-marketing"],"_links":{"self":[{"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/posts\/4124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/comments?post=4124"}],"version-history":[{"count":5,"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/posts\/4124\/revisions"}],"predecessor-version":[{"id":6638,"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/posts\/4124\/revisions\/6638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/media\/6634"}],"wp:attachment":[{"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/media?parent=4124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/categories?post=4124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marketingteacher.com\/staging\/5483\/wp-json\/wp\/v2\/tags?post=4124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}