RED BULL: THE HYPE & THE BRAND A case study of the world’s most successful energy drink It may be ranked consistently among the worst in taste tests‚ and is rumoured to be a health risk‚ but Red Bull’s dominance over the energy drink market actually depends on such rumours. This company only manufactures and markets one product – and has become very good at it‚ being at the forefront of popular culture without being too outlandish. How did a traditional recipe from Thailand take over the world
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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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Brand Audit report Red Bull Kenneth Finlay INB 380 global Brand Management Rollins College‚ Fall 2013 Table of contents 1. Background Information 1 1.1 The Brand 1 1.2 Current Industry analysis 2 1.3 Porter 5 Forces 3-4 2. Consumer Analysis 4 2.1 Target markets and segmentations 4 3. Brand Inventory 4 3.1 Brand Elements 4 3.1.1 Brand name 4 3.1.2 Symbols
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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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Project 1: Red Bull Case Singapore Blue can will be more successful in the market of Singapore‚ because higher marketing budgets‚ high proportion of immigrants and low UAI of Singapore. 1.1 The cultural dimension and society in Singapore Picture 1 Hofstede’s cultural dimension Singapore According to Hofstede’s cultural dimension‚ we can know that Singapore has some characters: Low IDV Low UAI Besides‚ there are more and more overseas migrants in Singapore. In 2010‚ the proportion of Singaporeans
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PLAN Red Bull Table of Contents 1. Executive Summary 2. Company Descriptions Red Bull is an energy drink found by Dietrich Mateschitz in Austria in 1984 and began to sell there in 1987 with special marketing strategy‚ which opened up a new product category in the world in the meantime. Red Bull now contains four types including the original Red Bull energy drink and the other one of sugar-free‚ the Red Bull energy shot and Red Bull Cola. With increasing demands of Red Bull‚ it soon
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Red Bull was founded by Dietrich Mateschitz and officially launched in 1987. Ten years after its launch Red Bull was finally brought to the United States first being introduced in California. In 2000 Red Bull had approximately $1 billion in worldwide sales. In 2006 more than 3 billion cans of Red Bull were sold in over 130 countries. Red Bull now accounts for approximately 50% of the energy drink market in the United States and up to 80% in other countries with an approximate 65% overall market
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Executive summary Red Bull GmbH (Red Bull) is an Austrian company founded in 1984‚ which produces in distributes energy drinks. Between 2003 and 2008‚ before the global recession‚ the energy drink industry had explosive volume growth rates of 17 % on the total market. The primary market‚ North America accounted for a 35 % increase in that period1. However‚ the recession in 2008 caused the growth rates to decrease significantly. Even though the energy market outperformed the general soft drink
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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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