| RED BULL | ANALYSIS | | | | | Name : Ashwin Joseph Student ID : 12772487 Presented to: Mr. Frankie Yee Table of Contents Abstract 3 Company Overview 4 Measuring Success 4 Profit 4 Customer Base 4 Social Media 4 SWOT Analysis 4 Reasons for Red Bull’s Success 4 Marketing 4 Media Advertising 4 Sports and Event Sponsoring 4 Sampling 4 Target market 4 The athlete 4 The clubber 4 The worker 4 Being a private limited 4 Strategic
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New-Product Development and Product Life-Cycle Strategies Based on: Philip Kotler et al.‚ Principles of Marketing International Marketing Prof. Dr. Thomas Laukamm Objectives - Understand how companies find and develop newproduct ideas. - Learn the steps in the new-product development process. - Know the stages of the product life cycle. - Understand how marketing strategies change during the product’s life cycle. Fach‚ Dozent‚ Semester International Marketing Prof. Dr. Thomas
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Summary of Red bull Case Study Question no 1 What are the red bull’s greatest strength and risks as more companies (like Coca –cola and pepsi‚ and monster) enter the energy drinks and gain market share? Red bull founded in Austria in 1992 by the Dietrich Mateschitz and he introduced in Hungary. The greatest strength of Red bull is the company introduced only one energy drink in the market from last many years there is no other product of that company and that’s why today red bull sells 4billon
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- Leadership position The company "Red Bull" is considered like the "leader" of the energy drinks market in the world with 70% of market share in 2012. - Marketing strategy * A lot of sports events‚ promotions and campaigns (like street marketing) * Sponsorship (F1 Red Bull Team‚ Felix Baumgartner‚ Shaun White…) * Original communication strategy and efficient (http://www.redbull.fr/cs/Satellite/fr_FR/Video/Le-nouveau-clip-du-Monde-de-Red-Bull-au-cinema-021243076490242) -Innovation
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Marketing – Red Bull Dietrich Mateschitz founded Red Bull in 1984 after discovering the widespread popularity of tonic drinks in the Far East. He developed the Red Bull Energy Drink‚ launching the product on the Austrian market in 1987. Since then‚ Red Bull has launched a range of products‚ including Red Bull Cola in 2008 and Red Bull Energy Shots in 2009. Today Red Bull has annual sales of around 4 billion cans in 160 countries. Red Bull has a distinctive approach to marketing. It uses
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Introduction to Management UNIT I INTRODUCTION TO MANAGEMENT INTRODUCTION In the present context‚ managing has become one of the most important areas of human activity because of increasing role of large and complex organisations in the society. Because of their increasing role‚ the organisations have attracted the attention of both practitioners and academicians to find out the solutions for business problems. Concept Defining the term management precisely is not so simple because the term management
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“Red Bull isn’t a drink‚ it’s a way of life”- an off the radar subculture; very appropriately put across through the company’s slogan “It gives you wings”. In order to face the challenges and grow in the future‚ Red Bull should mainly concentrate on using the following strategies: - 1. INCREASE CONSUMPTION LEVELS: Highest consumption rate was in Ireland‚ which had been 11 cans per person‚ and if the same is achieved in USA then Red Bull can achieve additional annual sales of 2 billion cans in
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conducting this report it was found that Red Bull energy drink is facing some problems‚ the main one of which is the negative media that it has been receiving. However both primary and secondary research shown that negative publicity does not affect buyer behaviour to a great extent. Secondary research clearly states that Red Bull contains excessive amount of chemicals‚ some publications even compare it to highly addictive drugs as well as blaming the product for some deaths. Secondary data also helped
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Marketing Analysis of the Most Famous Energy Drink Brand Red Bull´s sources of brand equity. Red Bull is one of the most famous brands in the drink industry. With an innovative product Red Bull was able to sell millions and millions of cans and to draw profits of dizzy amount. But as often it is not only the product which determinates the success or failure of a company. And of this Red Bull is a very good example. Although nowadays Red Bull has to compete with the biggest drink companies in the
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Environmental/ Situational Analysis Trends/Issues Red Bull is an energy drink aimed at students and athletes. No one thought that a “functional drink” sold at a premium price and packaged in a can would ever be successful‚ when the idea first came up in 1987 (www.redbull.co.uk 13.05.2009)‚ however the product became quite popular amongst young people and frequently drank at night clubs as a ‘mixer’ (mixed with other drinks‚ e.g. vodka and whisky). The company’s marketing was also quite successful
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