• Company and Market Information Company and Market Information • Current Big Picture g • Revised Big Picture
– Our recommendations for improvement
The First Sip
• Origin in the 1970’s Origin in the 1970 s
– 22‐year old Anthony von Mandl
• Potential grew after 1980’s wine cooler craze Potential grew after 1980 s wine cooler craze • Launched products on April Fool’s Day, 1999 • Product line includes 22 flavored malt d li i l d 22 fl d l beverages.
Market Information Market Information
• U S Beer Sales 2009: Approx $101 billion U.S. Beer Sales 2009: Approx. $101 billion • Progressive Adult Beverages (PAB) Sales 2009: $1.7 billion $ billi • Mike’s Sales 2009: $663 million
– Competitors include Smirnoff, Bartles …show more content…
The Big Picture The Big Picture
Product Segment Price Business Business Objective Marketing Marketing Objective Source Source Volume Target Place Position Promotion
Business Objective B i Obj ti
Marketing Objective M k ti Obj ti
Source of Volume S fV l
Fundamental Entity: Mike’s Hard Lemonade Company Core Competence: A skill in developing great tasting beverages Goal: Increase Positive Perception of the brand
Acquisition
Steal Share
The Big Picture The Big Picture
Product Segment Price Business Business Objective Marketing Marketing Objective Source Source Volume Target Place Position Promotion
Segment
• Demographic: Demographic:
– Men 25‐31
• Behavior Behavior:
– Beer drinkers
The Big Picture The Big Picture
Product Segment Price Business Business Objective Marketing Marketing Objective Source Source Volume Target Place Position Promotion
Target
• Meet Jimmy
– Single, 26 years old – Loves sports, especially football – Enjoys socially drinking with his buddies –Di Drives an F‐150 and has a “man F 150 d h “ cave”
The Big Picture The Big Picture
Product Segment Price Business Business Objective Marketing Marketing Objective Source Source Volume Target Place Position …show more content…
• Product
– 22 Mike’s Hard Lemonade products k ’ d d d – Experience attributes
• Price
– Trial competitive pricing with beer
• Place
– Indirect, mass distribution, minimal integration
• Promotion
– Image goal of being a manly beverage
Current Advertisements Current Advertisements
100 Degrees
Golf Course
Current Promotion Current Promotion
• Primarily male – target audience channels Primarily male target audience channels
Current Promotion Current Promotion
• Primarily male – target audience
What Works, and What Doesn t What Works, and What Doesn’t
Product Segment Price Business Business Objective Marketing Marketing Objective Source Source Volume Target Place Position Promotion
What Works, and What Doesn t What Works, and What Doesn’t
Product Segment Price Business Business Objective Marketing Marketing Objective Source Source Volume Target Place Position Promotion
Proposed Changes Proposed Changes
• R d fi Redefine category
Malted Beverage PAB
• Pursue Stimulate Demand
Source of Volume Source of Volume
• Stimulate demand in PAB category • Survey results suggest that Mike’s is not in the same category as beer
Other PAB s/FMB s (93%) Other PAB’s/FMB’s