UVA-M-0803 Sept. 2‚ 2011 SVEDKA VODKA (C): MARKETING MIX IN THE VODKA INDUSTRY Associated with sophistication ever since James Bond first ordered a vodka martini “shaken‚ not stirred‚” vodka has enjoyed tremendous success over the decades leading up to SVEDKA’s debut. The vodka-enthusiast women of the hit HBO series Sex and the City provided renewed energy for vodka in early 2000‚ just as the more-than-40-year bump Mr. Bond had provided was losing luster. In 2007‚ Smirnoff was the highest-selling spirit
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Study: Smirnoff Vodka Market The drinks market is constantly evolving‚ with product innovation‚ as well as brand strength‚ at the heart of its growth. Doubtless‚ the root of success of Smirnoff vodka is the consistently high standard of classic vodka that its owner has produced over the years. However‚ as the market has evolved‚ so has the Smirnoff brand. With a growing range of flavoured vodkas and pre-mixed cocktails that perfectly tap into the lucrative ready to drink sector‚ Smirnoff is successfully
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analyze the marketing mix of a selected company that operates in a specific country‚ which in this case is Absolut Vodka in the United States of America. Absolut Vodka is a Swedish brand of vodka‚ produced in the southern part of Sweden. Building on a four century tradition of producing vodka‚ Absolut was created in 1877 and was introduced as its current name in 1879 by the entrepreneur Lars Olsson Smith. The leading brands of alcoholic spirits throughout the world are Bacardi and Smirnoff‚ placing
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5 Weaknesses 5 Opportunities 5 Threats 5 4. Competition 6 Ad Comparison: Smirnoff vs. Absolut 7 Smirnoff Vodka 8 Popularity 9 5. Market Research 10 Target Market 10 Focus Group and Blind Taste testing 13 6. Marketing Strategies 15 Table of Figures 16 1. Mission Statement It was very difficult to find an actual mission statement for Smirnoff Vodka but we did find a mission statement for Smirnoff Vodka’s company owner Diageo. Diageo is the world’s leading premium drinks business
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known liqueur‚ Vodka. A risk was taken by Pernod Ricard in 2008 to invest 8.9 billion dollars to acquire V&S. Although this beverage is made from an economy raw product‚ potato‚ however with the strong brand awareness and reputation Absolut Vodka as a world’s leading premium vodka. It is conveyed that this acquisition of V&S was due to the existing Absolut Vodka. The phrase of acquisition allow Pernod Ricard to enhance his portfolio and diversify risks‚ also to be compatible with Smirnoff by increasing
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Smirnoff Ice Marketing Planning Process Abstract This paper aims to evaluate the marketing planning process for the case of Smirnoff Ice as a top selling Diageo’s brand at the Serbian marketplace. After a brief Company profile description and its business environment‚ the article proceeds to discuss and evaluate steps for a full analysis of the strategic marketing planning process assessing its importance with all related assumptions. Using the material collected after comprehensive research
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PRESS RELEASE – 19 JUNE 2012 JOHNNIE WALKER CLOSES IN ON SMIRNOFF’S LEAD AS WORLD’S TOP ALCOHOLIC DRINKS BRAND DUE TO STRENGTH IN ASIAN AND LATIN AMERICAN MARKETS • Smirnoff holds top position but its once considered unassailable lead is being quickly eroded by an ever strengthening Johnnie Walker. • Johnnie Walker’s performance this year over-shadows all brands in the Power 100. • Every one of the top 16 brands in The Power 100’s Global Mega Brands rankings increased
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Bacardi Breezer and the Marketing mix Following the success of Bacardi rum‚ created in 1829 (Smith‚ 2002) the company decided to diversify in 1994 launching Bacardi Breezers. These are "refreshing blend of Barcardi rum‚ fruit juices‚ exotic flavourings and sparkling mineral water" (http://www.thedrinkshop.com/products/nlpdetail.php?prodid=410) Bacardi were the first to launch ready-to-drink alchopops and are currently the market leader in the segment. The Bacardi Breezers come in many different
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therefore interested in purchasing premium organic products. These women are trendy‚ interested in fashion and music. This new‚ and evolutionary vodka will be launched with the intentions of capturing the sophisticated vodka drinker‚ while avoiding glamorizing underage drinking and/or over consumption. Marketing Mix Product Absolut Pure is 100% organic vodka produced from winter wheat. The smooth and clear taste reflects its use of natural ingredients. The bottle will retain the signature shape of
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Marketing mix can be describes as "the use and specification of the 4 Ps describing the strategic position of a product in the marketplace… A prominent person to take centre stage was E. Jerome McCarthy in 1960; he proposed a four-P classification which was popularized. (wikipedia.com)" The marketing mix approach to marketing is a model of creating and implementing market strategies. The marketing mix stresses the mixing of different factors in a way that both organizational and consumer or target
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