Preview

Pepsi

Powerful Essays
Open Document
Open Document
2596 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Pepsi
Pepsi Refresh Project
Nigel T Francois
Contemporary Business
Dr. Alicia Luna
6/1/2013

Social media marketing refers to the process of gaining website traffic or attention through social media sites. Social media marketing programs usually center on efforts to create content that attracts attention and encourages readers to share it with their social networks. A corporate message spreads from user to user and presumably resonates because it appears to come from a trusted, third-party source, as opposed to the brand or company itself. Hence, this form of marketing is driven by word-of-mouth, meaning it results in earned media rather than paid media.
This paper contents five items: 1. Evaluate the reasons Social Media Marketing has become exceedingly popular among businesses of all sizes. 2. Analyze the advantages and disadvantages of Social Media Marketing for business entrepreneurs. 3. Assess how Social Media Marketing is helping Pepsi gain more customer insight than it would have otherwise. 4. Discuss two other businesses that have used Social Media Marketing to their advantage. 5. Speculate what impact Social Media will have business over the next decade and identify what skills you need to improve to take advantage of the changes.
Pepsi Refresh Project
Online and interactive media have already changed the nature of advertising. Starting with simple banner ads, Internet advertising has become much more complex and sophisticated. Miniature television screen images, called widgets or gadgets, can carry marketing messages only a few inches high on a Web site, blog, or desktop display. And they contain embedded links to their home sites. Online advertising can take other forms as well example would be viral advertising, which creates a message that is novel or entertaining enough for consumers to forward it to others, spreading it like a virus. The great advantage is that spreading the word online, which often relies on social networking on sites like



References: Constantin Logofatu, M. (2012). THE SOCIAL MEDIA IMPACT ON SMALL AND MEDIUM SIZED BUSINESSES. Young Economists Journal / Revista Tinerilor Economist, 216. Funk, T. (2011). Social Media Playbook for Business : Reaching Your Online Community with Twitter, Facebook, Linkedin, and More. Social Media, 2-3. Kurtz, B. &. (2012). Contemporary Business. Chennai, India: Macmillan Company. NewsWire, P. (2011). Pepsi Taps Consumers To Shake Up Refresh Project in 2011 US. PR Newswire, 1. Tariq, M. &. (2011). Assessing effectiveness of Social Media and Traditional Marketing Approaches in terms of cost and target segment coverage. Interdisciplinary Journal Of Contemporary Research In Business, 1051.

You May Also Find These Documents Helpful

  • Good Essays

    Social media is everywhere. It certainly creates challenges but it also creates a great deal of opportunity for businesses that devote the time to creating social media plans and following them…

    • 1199 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Unit 9 P4

    • 1171 Words
    • 5 Pages

    There are many ways to interact with customers and promote products/services using social media as it becomes more and more popular with the public across the world.…

    • 1171 Words
    • 5 Pages
    Good Essays
  • Best Essays

    Kuhlmann, M. (2012) Social Media for WordPress : Build Communities, Engage Members and Promote Your Site; Pact Publishing, Inc.…

    • 2876 Words
    • 9 Pages
    Best Essays
  • Powerful Essays

    Week 8 Assignment 4

    • 5709 Words
    • 23 Pages

    Social media marketing has become exceedingly popular among business of all sizes. So many people use social networks every day. Marketing for business can get very expensive. With social networking, businesses can promote their products and build their fan base. A business can use Facebook or Twitter to alert customers on sales and specials. Social networking was originally set up to interact with family, friends, and colleagues. Now businesses use social media marketing to keep current customers as well as get potential customers. Most businesses consider social networks as a marketing opportunity. Social media marketing is quickly gaining popularity. Facebook has more than three hundred million members worldwide. Twitter logs about fifty-million tweets per day. Businesses use this to their advantage.…

    • 5709 Words
    • 23 Pages
    Powerful Essays
  • Good Essays

    Marketing Midterm

    • 954 Words
    • 4 Pages

    Social media tools like Twitter and Facebook have taken the world by storm, as is expected of any social networking platform of such colossal magnitude. According to a survey from Constant Contact a company that facilitates social marketing, there has been a rapid increase in social media use to promote businesses. Nearly three-quarters of all small business owners are now turning to social media as a means of marketing their business. The 2012 Social Media Marketing report indicates that a “significant 83% of marketers said that social media was important to their businesses.” In spite of significant statistics such as these and the fact that more people are spending their time online, several of these surveys also report that new media has not completely replaced old marketing methods but has instead enhanced them. Small businesses are still relying heavily on email, website, and event marketing as well as advertising to drive their business.…

    • 954 Words
    • 4 Pages
    Good Essays
  • Better Essays

    This paper will evaluate the reasons social media marketing has become exceedingly popular among business of all sizes. This assignment will analyze the advantages and disadvantages of social media marketing for business entrepreneurs. I will research two other businesses has utilized social media marketing. Lastly, this paper will speculate the impact social media will have on business over the next decade, while identifying the skills individuals need to improve in order to take advantages of the changes.…

    • 1235 Words
    • 5 Pages
    Better Essays
  • Good Essays

    What is the impact of social media on consumer behavior and marketing? How are companies monetizing this technology?…

    • 430 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Coca Cola Case

    • 858 Words
    • 4 Pages

    Coca-Cola began working with franchised bottles to be made available wherever and whenever a consumer might want it. It also initiated “lifestyle” advertising, emphasizing the role of Coke in a consumer’s life. In the early 1970s, the US soft-drinks market was on the verge of maturity, and as the major players, Coke and Pepsi offered products that 'looked the same and tasted the same,’ substantial market share growth seemed unlikely. However, Coke and Pepsi kept revitalizing the market through product modifications and pricing/promotion/distribution tactics. The soft drink industry sold to consumers through five principal channels: food stores, convenience and gas, fountain, vending, and mass merchandisers.…

    • 858 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Pepsi Refresh Project

    • 2012 Words
    • 7 Pages

    References: 1. Zmuda, N. (2010). Pass or Fail, Pepsi 's Refresh Will Be Case for Marketing…

    • 2012 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    For a company like The Coca Cola Company, the technological environment is a very important part of how to stay relevant and how to stay ahead of the competition. When it comes to mobile devices and how to utilize this age of smart phones and the apps that come with them, The Coca Cola Company has partnered with Spotify to launch a new social music app. “Coca-Cola Placelists let teens tag the world with music by browsing Spotify’s genre-spanning library of more than 20 million licensed tracks, then linking the perfect songs to the perfect places or events – around the corner or around the world (coca-colacompany.com, 2013)”. The Coca-Cola Company is trying to be apart of music sharing on the Internet, which is popular with teens and young adults. When it comes to social media being used to market the Coca-Cola brand and reach larger audiences, Coke is doing just that. “Through dramatic projects such as Coca-Cola.TV, Coca-Cola.FM and live-streaming music events, Coca-Cola has shown the world how revolutionary they can be and how this type of marketing evokes emotional, long-lasting customer engagement (forbes.com, 2013)”. Obviously The Coca-Cola Company is realizing that being apart of social media is the new way of staying on top of their game and remaining the huge brand that they are. As far as new technology, The Coca-Cola Company is trying to revolutionize the fountain dispensary game within fast food restaurants. If you’ve been to a Burger King lately, then you’ve seen the new fountain dispensaries from Coca-Cola. These new fountain dispensaries allow you to choose from any Coke product with the touch of a finger, on a touch screen, letting the consumer pick from over 100 different possibilities to choose from. This means anything from soda to juice to different types of tea, “We believe this will do for beverages what mp3 did for music, says Ray Crockett, director of…

    • 422 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    pepsi refresh project

    • 604 Words
    • 3 Pages

    Analysis of Pepsi Refresh Project PR campaign (R.O.P.E. Format) Case Study #1 Pepsi Refresh Project In today’s generation Y age so many Americans and world citizens use social media. Facebook, Twitter, online blogs and photo and video sharing sites like Youtube are being accessed by a wide variety of publics. It makes sense that to run a successful PR and marketing campaign these social media sites be used to promote and spread the missions and objectives of the campaign through the networks of millions of individuals.…

    • 604 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Social Media Technology

    • 3427 Words
    • 14 Pages

    Kaplan, A. M., & Haenlein, M. (2010). Users of the World, Unite! The Challenges and Opportunities of Social Media. Business Horizons, 53 (1) , 59-68.…

    • 3427 Words
    • 14 Pages
    Powerful Essays
  • Best Essays

    Coca-Cola’s marketing channels are a vital asset to attracting and reaching different cultures and marketing segments worldwide. Coca-Cola product distribution and advertising channels are constantly changing, a necessity for expanding their market share. It is through these strong marketing channels that Coca-Cola fulfills their consumer habits, impulses, and psychological wants and needs that drive a consumers decision making processes. So, whether we are on a trip to grandma’s house, or a business trip and we stop for gas, stretch our legs at a rest area, decide to sit-down, or drive through for lunch, we as consumers, can enjoy a cold refreshing Coke almost anywhere worldwide. The following are some of Coca-Cola’s variety and multitude of product marketing distribution channels;…

    • 1126 Words
    • 5 Pages
    Best Essays
  • Best Essays

    At the present, social media is playing a significant role in business sector. In the past it was frequently used for carrying out non-business activities. For instance, people used it to connect with their friends as well as for searching and making new friends. However, now it has become a basic need for most of the businesses since business people are making use of social media particularly Twitter and Facebook for performing market research, marketing their products and services and for supporting clients. To serve this purpose, a large number of social media related websites…

    • 2035 Words
    • 9 Pages
    Best Essays
  • Satisfactory Essays

    Pepsi

    • 446 Words
    • 2 Pages

    Pepsi also has excellent branding and advertising strategies. A lot of Pepsi’s advertising campaigns are enjoyed by the people and it influences their decisions. Pepsi’s advertisements make use of different kinds of appeals. A lot of their ad’s have a creative and sensational appeal. But at the same time the ad’s also have a humor appeal to it. Recently in the year 2011 in tie with the world cup Pepsi produced many ad’s with Celebrity appeal. Famous cricketers like Dhoni and Raina and Shewag were made to advertise for Pepsi and at the same time for the football world cup Pepsi used famous footballers like Didier Drogba and Lionell Messi as their brand ambassadors. Since Pepsi in close competition with Coca-Cola , Pepsi has no other choice but to come out with sensational advertising that seem’s to stick with people for months after the campaign.…

    • 446 Words
    • 2 Pages
    Satisfactory Essays