...Organizational Planning Coca-Cola was created May 1886 in a small pharmacy located in Atlanta, Georgia by Dr. John Pimberton. Back then, nine drinks a day were sold ("The Chronicle of Coca-Cola: Birth of a Refreshing Idea", 2012). Today Coca-Cola is the world’s largest beverage company servicing 200 countries and employing over 6700 people, and currently ranked number 58 on the Fortune 500 list. The company’s mission is to refresh and completely satisfy the world, provide supreme quality at an affordable price and fill hearts with joy to make a difference across the globe. The company included a vision that focuses on being a great place to work all while bringing the world a portfolio of quality beverage brands and maximizing long-term dividends to their shareholders. Coca-Cola also envisioned being responsible citizens that will make a difference by helping to build and support a sustainable community while continuing to be highly effective, lean and a fast moving organization (Coca-Cola Bottling Co., 2014) . Coca-Cola’s internal stakeholders consist of employees, managers, and owners, while their external stakeholders are customers, shareholders, creditors, suppliers and government bodies (Coca-Cola Bottling Co., 2014). Over the years, Coca-Cola has continued to grow and develop innovative ways to maintain their position in the business world as a global company. To continue this growth, the company has goals to more than double system revenue while increasing system...
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...M560 Marketing Excellence – Red Bull November 5, 2013 1. What are Red Bull’s greatest strengths and risks as more companies (like Coca-Cola, Pepsi, and Monster) enter the energy drink category and gain market share? Although Red Bull is a fairly young brand, it is currently the worldwide market leader in energy drinks. Originally conceived in 1982, the drink was founded in Austria in 1987 and then went international in 1992 with its introduction into Hungary (“Red Bull SWOT Analysis”). Today, Red Bull sells more than 4 billion cans of energy drinks each year in more than 160 countries (Kotler & Keller, 2012). Red Bull’s success over the past ~20 years can be attributed to the company’s ability to highlight its strengths and minimize its weakness. Understanding these strengths and weaknesses are important for Red Bull to maintain its current position as the market leader. In addition to being the current market leader, Red Bull’s strengths include its marketing strategy and its alliances with distributors. Red Bull’s marketing strategy is vastly different from other companies in the beverage industry. Rather than employing traditional marketing techniques, Red Bull has adopted “anti-branding” and “anti-marketing” strategies. They have used no print, billboards, banner ads, or Super Bowl spots, and minimal television ads. Instead they focus on viral marketing based on word of mouth and a “seeding program” focused on getting Red Bull products into trendy shops,...
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...Case Study 11.1 Red Bull: The global market leader in energy drinks is considering further market expansion November 16th, 2015 Executive Summary Red Bull, an original in the energy drink market, was founded in 1984 by marketing guru Dietrich Mateschitz and formula developer Chaleo Yoovidhya. The product is often used for boosting energy, increasing focus, and as a mixer for alcoholic drinks. Red Bull is well recognised for its extreme marketing strategies. For example, Red Bull has a “Mobile Energy Team,” which is largely made up of university students. The Mobile Energy Team regularly travels from University to University to promote Red Bull and provide samples of the product. A second example of Red Bull’s marketing strategy is their support for extreme sporting events, for example; Nascar driving. However, with the increase of new entrants in the functional drink market, Red Bull’s market share has decreased. This decrease leads straight into the problem statement; What strategy(ies) can Red Bull, the global market leader, use to further expand into current and emerging markets within the next three years in order to increase market share and sales? Several symptoms from the case where used to create an Industry Competitive analysis, a Fishbone analysis, and a SWOT analysis. Ultimately, after evaluating the Industry Competitive analysis, the Fishbone analysis, and the SWOT analysis, three alternatives were chosen to be further explored. These three alternatives...
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...Who Founded Dow Chemical Dow Chemical Company, and American Chemical and Plastics manufacturer is one of the globe’s prominent suppliers of chemicals, plastics, synthetic fibers, and agricultural products. Dow Chemical was originated by Chemist, Herbert H. Dow, of Midland in 1897. Dow was to support Midland Chemical Company in 1890 and the Dow Process Company of 1895(Dow Chemical Company, (2012)). What is a SWOT analysis? What does a SWOT analysis deliver in regards to organizations; it is a tool that categorizes the strengths, weaknesses, opportunities and threats of an organization? Once the SWOT is completed, it can determine what the firm can do in completing its objectives and what other accomplishments it can achieve to receive satisfying results (Investopedia, 2012). In running a business a SWOT analysis is a useful tool that assists an organization in operating efficiently it determines what financially and productively what an organization needs to do to succeed. Dow Chemical Company SWOT analysis Strengths The Strengths of Dow Chemical in regards to is worldwide processes, in 2007, Dow had $53.5 billion in sales. 150 manufacturing sites in 35 countries. This organization sells its merchandise in over 160 countries (Datamonitor, 2011). The company has many manufacturing operations one which is located in the Lake Jackson and Freeport, Texas area. With more contractors that are coming into the area to work for Dow Chemical not only has it brought in revenues...
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...CASE STUDY OF RED BULL OVERVIEW Dietrich Mateschitz, an Austrian businessman founded red bull in 1984 in Austria. He introduced the drink in Hungary, its first foreign market, in 1992. Red Bull currently is the leading energy drink across the entire globe and holds 42% of the markets share worldwide .Today Red Bull has annual sales of around 4 billion cans in 160 countries including Austria, Germany, United Kingdom, Brazil, Japan, India and South Korea and USA. Their target market is centered on the youth otherwise known as the ‘Generation Y’. Red Bull started with the Red Bull Energy Drink (a slick silver 250ml can with a European look and feel) and later added three(3) of it functional product that is the Red Bull Sugar free, Red Bull energy shot and Red Bull cola. Big global companies such as Coca Cola and Pepsi has introduced their own energy drink versions to their product base and are strongly competing with the Red Bull brand. MARKETING STRATEGY It was generally acknowledged that Red Bull's success was the product of the company's integrated marketing communication efforts to constantly develop the brand. The information below discusses the marketing strategy adopted by Red Bull in the case. - The company's effective employment of buzz marketing in new markets that target trendy shops, clubs, bars, stores, convenience stores(gym, colleges and supermarket) to create widespread brand recognition - Sponsorship of sporting activities, especially extreme sports including...
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...Introduction The original formula for Red Bull was developed in 1964; however, the Red Bull company was not founded until 1984 after a merger between Dietrich Mateschitz, marketing guru, and Chaleo Yoovidhya, the owner of the Red Bull formula. Categorized as an energy drink, Red Bull was initially designed to “treat jet lag and boost energy for truck drivers” (Hollensen, 2012). In today's era, Red Bull is commonly used as an energy drink; like coffee, and as a mixer in alcoholic drinks, like Red Bull Wings and the Jägerbomb. This aligns with the company's focus on the younger generations of partygoers and post-secondary students. Red Bull’s marketing strategy is one of the key factors in their success, they created Mobile Energy Team that consists primarily of young university students driving around in specially designed Mini Coopers with large Red Bull cans on top to attract the younger audience. The students are Red Bull’s team out in the field that attend different events and provide sampling of the energy drink. Oftentimes, the Red Bull representatives host parties with cases of Red Bull. These representatives collect data from these parties and send it back to the company as a form of low cost market research. In 2010 Red Bull had 7,758 employees of which 5,000 were university students. Red Bull is also known globally for hosting extreme sporting events and sponsoring some 500 athletes. Over the years they have acquired four soccer teams, a Nascar team, and two Formula...
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...Marketing Management 522 Prof. James Frazee Marketing Plan: Actify - Energizing Chewing Gum By: Sarah Riney, Aneri Modi and Purvi Shah 02.24.2011 EXECUTIVE SUMMARY TABLE OF CONTENTS Product Description/ Situation Analysis 4 Mission Statement 5 SWOT Analysis 6 Target Market 7 Competition 10 Cost of Goods Analysis/Pricing 13 Channels of Distribution 15 Advertising/Promotion Programs 17 Financial Overview 20 References 21-22 PRODUCT DESCRIPTION/SITUATION ANALYSIS How many times in a day have you thought that you need to consume an energy drink? And how many times have you stopped yourself from consuming one because of the crash rate and its harmful effects? We would like to introduce you to our product, “ACTIFY”. ACTIFY is a natural, herbal energizing chewing gum. The chewing gum has a natural taste to it with key ingredients such as peppermint, ginseng, guarana, and, acai berry. The energizing gum lasts up to two and a half hours with zero crash rate. ACTIFY is also a sugar free chewing gum and has zero calories. The chewing gum comes in two flavors: Cinnamon and Winter fresh. We have also, designed the energizing gum in such a way that the package that it comes in is also eco-friendly. Our core product, ACTIFY is the only energizing chewing gum in the market. Our product is designed in a way that it will appeal to different target markets ranging from different...
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...Chapter Eight Case Study - Coke Zero Coke Zero Coca Cola has been the leader in the soft drink market for decades, consistently besting their nearest competitor, Pepsi. The struggle for the top spot has been on-going for over one hundred years, and at times has been fairly interesting. Both companies have been trying new strategies, flavors; can designs and even recipe changes in order to gain market share, niche competitive advantage as well as a sustainable competitive advantage. (Lamb, Hair Jr., & McDaniel, 2013, p. 26) Both companies constantly change their products and their marketing techniques in order to secure an advantage over one another. Coca Cola over the years has used common good business practices in order to evaluate their business, so they would know which direction to take it, next. Sometimes their choices were effective, other times they were not. A Coca-Cola marketing situation comes to mind going back to 1985, when seemingly out of the blue, Coke changed their formula. The onslaught of public outcry then began, forcing Coca Cola to re-think their strategy and into damage control mode. It was either a brilliant strategy designed to be a publicity stunt, or one of the worse blunders ever in corporate America. The answer is still not clear to this day, however the results were interesting and have been fodder for Marketing classes ever since. News about the “New Coke” dominated the airwaves for weeks on end, and people rushed out to try it. Most did...
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...Chaleo Yoovidhy. 2) In 1982, Dietrich Mateschitz and Yoovidhya decided to start an energy drink company together. Each contributed approximate $500,000 capital 3) Johannes Kastner (who was Mateschitz friend) came up with the slogan "Red Bull- gives you wings" 4) Roman Rauch, the leading soft drink bottler in Austria, agreed to produce the drink. All production is currently done in Austria 5) Mateschitz founded everything with outside capital 6) When it expended to Germany, Mateschitz could not get enough aluminum to produce the cans and sales dropped fast. 7) Red Bull's first marketing trials failed miserably. 8) In 1995 Red Bull hit Britain. In 1997 it expanded to USA, starting in California. They hired students to drive around in liveried Minis with a Red Bull can on top 9) In most country and regions, Red Bull was the first energy drinks brand and, as a result, is the leading brand in almost all regions where it is sold. 10) In 2010, 4.2 billion cans sold worldwide 11) Outstanding markets include: Turkey, Japan, Brazil, Germany, and USA 12) Employed 758 people in 161 countries 13) Subsidiaries: Europe: Germany, Switzerland, Ireland, Italy, and Netherlands Outside Europe: Australia, NZ, and UAE 14) Red Bulll targets young adults (16-29), young urban professionals, post secondary students, and club goers. The target market also includes truck drivers since they need an energy boost before or while hitting the road. 15) Red Bull threw the traditional marketing...
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...1. SWOT ANALYSIS STRENGHT a) Volcom is very consent on the youth culture to support young creative thinking b) Volcom have specific product categories for mens, girls, boys, footwear, girls’ swim and snow. c) Volcom product typically retailed at premium prices d) Volcom have designed for five major season: spring, summer, fall, snow, and holiday e) Volcom may very well be the first major apparel company founded on the board sports of skateboarding, surfing and snowboarding. f) Volcom generated revenues via the company’s growing product line, which included sunglasses, goggles, T-shirts, bags, hats, belts, and other accessories. g) Design products that evolve in style and functionality h) The company used its own design team and managed advertising in-house to keep consistent with its heritage, passion for actions sports, and the look of its clothing. i) Volcom was awarded the Surf Industry Manufacturers Association (SIMA) “Manufacturer of the Year” title for the third time. j) Relationships with domestic printers resulted in shot lead times and enabled the company to react quickly to reorder demand from retailers and distributors. WEAKNESSES a) Volcom did not own or operate any manufacturing facilities: rather, the company worked with local sourcing agents aligned with independently owned foreign contract manufacturers. b) reliance on few customers c) increase in operating expenses OPPORTUNITY a) Volcom can expand to the e-market b) Volcom...
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...Executive summary This report provides analyses of the fast growing energy drink market and the top two companies of this sector, they are: Red Bull GmbH and Hansen Natural. The two companies sell Red Bull and Monster Energy drinks respectively. We will explore both company’s background information and their strategic marketing of differentiating from traditional soft drink industry and within the energy drink market itself. We found that the macro and micro environment of the industry and company is influenced by the changing household structure, the health focus of the customer, power of distributors, competitors and regulations. Furthermore, we find that core market segments of the two companies are different. Red Bull focus on a premium position and their target markets are students, workers, athletes and clubbing crowds. Monster on other hand use their focused marketing and product variation to appeal to the extreme sports fan, teenagers and people who dislikes the taste of the common energy drinks. We determined Red Bull is employing the concentrated targeting strategy with a single product, and Monster is using differentiated targeting strategy with their range of drink variations. The positioning strategies of the two companies further highlighted their difference. Red Bull place importance on image differentiation, and drive through their premium product and pricing position through global leadership position. Monster is equally focused on product differentiation with...
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...SWOT ANALYSIS ASHUTOSH GOWARIKER He is to perfect manners born. Cordial and cool, he could have been a don at the Oxford University, lecturing on history or geography, or both. A Mughal emperor has aroused his interest and he has also been among the first to shoot in the Maharashtra hinterlands, for Swades. Slick and street-smart he is not. Ashutosh Gowariker’s oeuvre has demonstrated that he would rather narrate a story in a leisurely, detailed style than jump cut, swish pan or opt for ellipses. This is his prime strength, and paradoxically, his Achilles heel. If it’s a film by Ashu (the filmbiz nickame for him), be ready for a lengthy residence in the auditorium. Indeed, if the multiplexes permitted the indulgence, you could carry a picnic hamper to his latter-day epics, perhaps even a pillow or two for snoozing through the passages which crawl at the pace of Mumbai’s peak-hour traffic. he most socially-conscious and intelligent director on the scene today. His work actually incorporates sub-texts, goes beyond the notional concept of Bollywood entertainment and stays with you long after you’ve seen them Yet if there’s a filmmaker who has a residue of social responsibility and seeks to mirror today’s conditions, it’s this actor-turned-director. Thanks very much to the superior-quality films from the six he has directed so far, he inspires that key forgiveness factor from the viewer – the way you’d ignore a raving beauty’s bad hair day. In fact, his more well-conceptualised...
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...An investigative report demonstrating the extents in which Bank of The Bahamas went through in order to survive during the recession. Research Paper Supervisor: Mrs. Gaitor Name: Ariana McWeeney Word Count : 2,518 Table of Contents Page Cover Page ………………………………………………………………. 1 Abstract …………………………………………………………………….3 Introduction…………………………………………………………… 3-4 Body ………………………………………………………………………. 5-14 Conclusion …………………………………………………………….. 15 Bibliography……………………………………………………………16-17 Abstract In this research paper I will be studying how Bank of The Bahamas continues to survive through the recession and the extents in which they went through in order to not suffer. The purpose of this research paper is to analyze the bank and the efforts they undertook to survive such a devastating time to the economy. The key resources used in this research paper was primary research in which I had an interview with the managing director of Bank of The Bahamas. In addition to that I’ve used reliable online articles and IB Business and Management textbooks to investigate this topic to my fullest extent. INTRODUCTION This investigative report will demonstrate the extents in which Bank of The Bahamas went through in order to survive during the recession. This topic interests me because the recession is impacting not only The Bahamas but also everyone around the world. Many banks and businesses have had to close but Bank of The Bahamas in particular went through...
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...Red Bull is an Austria-based company started in 1987 by Dietrich Mateschitz that sells one product: an energy drink containing taurine (an amino acid) that’s sold in a slim, silver-colored 8.3-ounce can. The drink has been an enormous hit with the company’s target youth segment around the globe. For the year 2001, Red Bull boasted sales of $51 million in the United States alone and captured 70% of the energy-drink market worldwide. From Stanford University in California to the beaches of Australia and Thailand, Red Bull has managed to maintain its hip, cool image, with virtually no mass-market advertising. However, today, due to certain health issues and the growth in competitors in the market, several doubts and issues have come across for Red Bull such as Whether Red Bull is able to maintain its lead and its point of differences or the brand may simply lost its edge and become “slate”, Whether the concern of health and bloggers might have a huge negative impact on Red Bull, Whether Red Bull’s target audience move on as it ages is an issue due to its limited product line, and so on. The matter of maintain a company lead in the market is always present as same as for its point of differences in products. In the case of Red Bull, according to recent records of energy drinks product companies in 2015, Red Bull owned 60% to 70% market shares which means globally Red Bull is one of top brands, establishing over 167 countries with approximately 5 million cans selling per year in...
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...The problems of Monster Energy Drink The problems of Monster Energy Drink is people perceive Monster Energy drink is unhealthy. The reason is the level of caffeine is high (e.g : 160 mg per can). It is also causes death / health problems. For example, a 14 years old Maryland girl who died from heart arrhythmia after drinking large cans of Monster Energy Drink on two days. Another problem is nowadays, people are become more health - conscious and they are also looking for healthy drinks. Actually, Monster Energy Drink had come out Monster Energy Absolutely Zero, Ultra Zero, and Ultra Red etc. These three products are zero calorie and zero sugar but Monster Energy did not highlight these three products very much. Another problem is lack of awareness in Malaysia market. For example, Monster Energy Drink is already in Malaysia market but they did not advertise their products through print media, out-of-home media, and other media. 2. SWOT Analysis of Monster Energy Drink The strengths of Monster Energy are no.2 top selling energy drink in worldwide and its’ products can found in many countries( United States and Europe). Besides , Monster Energy has strong brand identity. For example, Monster Energy is an aggressive, cool and strength brand. When you go to visit Monster Energy’s website, you can see that its’ website is black , green and gray which are associated to its’ brand identity . Monster Energy is easily to recognized...
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