Red Bull- Final Report “Gives You Wings” Team 1: Amanda Laverman Chelsea Anderson Jake Jamison Jon Maeser Rachel Rimathe Background The Red Bull brand is an iconic worldwide model of how a company can create a powerhouse and a style of marketing that many traditional companies would never attempt. The company uses its extreme stunts and sponsorships of extreme sports to promote the brand and product and excel in a style that has attracted a younger generation with a main focus on teenagers
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Code: Z0944701 Word count: 1929 Contents page Critical marketing issue One of the main questions that can be emphasized in respect of this case is the approach to the marketing strategy of Red Bull. Does the company still benefit from its non-traditional and “anti-brand” approach or Red Bull needs to change its marketing direction to a more common way? One of the root of this question lies in a statistics of market growth provided in the case study (p.2) which shows its decline in volume
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RED BULL: BUILDING BRAND EQUITY IN NEW WAYS 02-05-2011 Question 1: Describe Red Bull’s sources of brand equity. Do these sources change depending on the market or country? Answer: Red Bull has a strong marketing strategy for communicating product value to customers. The strategy for building the brand has been created around a simple goal. Whenever a consumer is in need of energy‚ the company wants then to automatically think of Red Bull. The brand uses traditional media channels
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PRESENTED BY GROUP MAster Minds Executive Summary Red Bull counts to the category of soft drinks. It is a non alcoholic stimulation drink with a totally unique formulation and effect. It gives stimulation and revitalises the body after exertion and enhances mental and physical performance. Red Bull is to be used and not drunk. Red bull consists of two natural substances and important metabolic transmitters- the amino acid taurin and the glucuronolacton – with stimulating caffeine‚ vitamins
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How Red Bull woke up the teen market It looks (and tastes) like medicine‚ but it still conquered the soft drinks trade. Now the edgy pick-me-up is moving into the grown-up world of motor racing. John Arlidge reports reddit this John Arlidge The Observer‚ Sunday 5 December 2004 Article history At this time of year fallen leaves shroud the carefully planned suburbs of Milton Keynes. Mist drifts in from the fields. The posh car firms - Mercedes‚ Volkswagen‚ Audi - whose UK head offices ring
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Ethical Issues Encountered by Red Bull Red Bull has successfully implemented marketing strategies to appeal to their target market‚ mainly young consumers‚ throughout the world. This product is popular globably‚ and is sold in bars‚ night clubs and supermarkets. Red Bull may claim to “give you wings” but drinking too much of the popular energy drink may also lead to heart damage‚ as study suggests. Red Bull has repeatidly denied that their product is not dangerous and hazardous to the body. In
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Fda Business Year 1 MK186 – Marketing 22nd August 2011 Table of Contents Introduction Pg 3 The Reason for Choosing Red Bull Pg 3 Marketing Audit Pg 4 * Product portfolio Pg 4 * Sales Forecasting Pg 4 * The Macro environment Pg 5-6 * Competitors
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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 young brand‚ it is currently the worldwide market leader in energy drinks. Today‚ Red Bull sells more than 4 billion cans of energy drinks each year in more than 160 countries. As well as being the current market leader‚ Red Bull’s strengths include its marketing strategy and its alliances with distributors. They have
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1. How will you characterize Red Bull’s overall marketing strategy (global‚ glocal or local)? Globalization is the deviation of businesses‚ philosophies‚ or technologies to propagate throughout the world‚ as well as the process of making this happen (SearchCIO‚ 2014). Glocalization is the idea that in a global market‚ when it is customized for the local or culture in where it is sold‚ a service or product is more likely to succeed (Rouse‚ 2013). Localization refers to the adaptation of a product
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Describe the promotional mix used by red bull Red bull was originally established in Thailand in 1962 under the name Krating Daeng‚ Red Bull was incorporated in 1984 with its head office in Austria. It is now a market leader in the energy drink segment with presence in over 130 countries and an employee base of over 3‚900 worldwide. It recorded a turnover of $2.6 billion in 2006 with a whopping 300% increase in global sales as compared to the year 2000. Starting with its first international foray
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