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Exercising our Minds: The Bar Method & SoulCycle By Perri Prosky & Amanda Hanowitz

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  1. 1. Exercising our Minds:The Bar Method &SoulCycleBy Perri Prosky & Amanda Hanowitz
  2. 2. To spin or not to spin Competition between exercise franchises Exercise has become a trend and lifestyle Benefits of exercising at either franchise What causes people to choose either theBar Method or SoulCycle?
  3. 3. Goal of StudySo why are people leaving their gyms andworking out at these classes that can rangefrom $20-$40 a class?
  4. 4. The Bar Method1981: Lotte Burke method takes over2001: the first Bar Method location openedin CaliforniaToday: 85 locations opened around thecountry and Canada
  5. 5. A brief description Atmosphere/environment Perk and reward system Class packages Catered toward adults Class set-up Sense of community
  6. 6. SoulCycle: Where it all began Founded by Elizabeth Cutler & Julie Rice Take a journey.Change your body. Find your soul. History
  7. 7. Today: So whats the fussabout? Cult-like 50-60 studios nationwide by 2015 Launched an apparel line in 2007
  8. 8. Results of Survey Surveyed sorority sisters 35 respondents Can only take survey if ever attended Bar Method and/or SoulCycle class Goal: Find common ground among two organizations Utilizing methods for good workout, fun, motivating Felt energized, happy, excited to workout at the organizations At end, feel amazing, accomplished, energized 83% of respondents highly likely to return (scale of 1-10)
  9. 9. FIELD NOTES FOR THE BARMETHOD Welcoming atmosphere Community Safety and efficiency Products Care packages Student prices
  10. 10. FIELD NOTES FORSOULCYCLE Community Helpful staff Extra expenses Motivational journey
  11. 11. Similarities Community Boutique-like fitness Empowerment & inspirational Packages Individualized Websites
  12. 12. Media DocumentsThe Bar Method Innovative success Predicting of futuresuccess Age is but anumber Increasing studios Demonstrationsand proper formSoul Cycle Cult-like Personalexperiences Success
  13. 13. Organizational DocumentsThe Bar Method Why exercise isimportant Details of theactual workout CelebrityendorsementsSoulCycle Branding efforts Blogs on websites Soul Story
  14. 14. Functionalist Approach: The BarMethod Branding strategies Decision-making Use of social media
  15. 15. Functionalist Approach: SoulCycle Brand loyalty Marketing strategies
  16. 16. Differences Services Prices Products Gender Age Culture
  17. 17. Raising the bar: strengths Reward systems Community Intense teacher training Customer experience Current healthy lifestyle trend Trusted and safe exercise
  18. 18. Raise the bar higher: suggestedimprovements Kid friendly Less expensive prices
  19. 19. Souls Strengths: Why peoplekeep coming back Engagement with customers Soul family Amazing workout Motivational
  20. 20. Recommendations toStakeholders (SoulCycle) Student packages Day Care Monthly promotions
  21. 21. Our Research GoalWill you leave your gym to try these newboutique fitness chains?If so, where do you plan to go for your nextkick-butt workout?
  22. 22. References