Red Bull’s Brand Equity Advance Brand Management class of 2012 fall Presentation Index Introduction Red Bull concept of brand equity How can Red Bull maintain brand equity? What marketing strategy should they use? Would you recommend that Red Bull develops brand extensions? What would the benefits and risks be? Introduction •Red bull GmBH‐Founded in 1985 by Dietrich Mateschitz •Launched in Austria in 1987: Slogan “Red Bull gives you Wings” •1997: available
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A NEW DRINK "SLOW COW"‚ OFFERS CALMNESS AND RELAXATION‚ CAN IT FIND A SUCCESS AS A NICHE ALTERNATIVE TO ENERGY DRINKS LIKE RED BULL IN UK? Module Code: MG 3123 (Final Project) Student Number: 0837185 Department: Brunel Business School Degree: Business and Management (Marketing) Supervisor: Dr May Seitanidi Submission date: 9th March 2010 Word Count: 9200 1 Acknowledgments First and most importantly I would like to thank all the participants who took part in my data collection
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CASE STUDY: RED BULL Abhinav Vashistha 3062‚ TY-B 1. How will you characterize Red Bulls overall global marketing strategy (global‚ glocal or local)? * Red Bull’s overall global marketing strategy is kind of glocal because on the Global level‚ Red Bull distinguishes itself from a lot of the beverage market by only offering their product in one size‚ 8.3 ounce or 250ml cans‚ which is smaller than typical soft drink. The cans are small‚ sleek vessels with distinctive printing
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you characterize Red Bull’s overall global marketing strategy (global‚ glocal or local)? Ans 1 – It is my opinion that Red Bull has a global marketing strategy which it implements in all the markets in enters into. Red Bull has built its name as a trendy energy drink‚ catering to young adults (aged 16-29)‚ young urban professionals and post secondary school students. Also it targets young club-goers and private parties to spread its name as an active and stylish drink. Red Bull believes that it
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Red Bull Energy Drink The Probable Side Effects of Red Bull Energy Drink On University Students (Does Red bull have any side effects?) Brunel Business School Brunel University Executive summary: Energy drink consumption is becoming popular rapidly among young adults and especially students these days. It has been 24 years after the creation of the first ever energy drink‚ Red bull‚ in Austria and Red bull energy drink is becoming more and more popular every day. Caffeine and Taurine
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What is their field of operation? Red Bull operate within the energy drinks sector of the soft drinks market. The product is an example of a ’functional ’ drink. Functional foods respond to consumer interest in well-being and performance. The major multinational soft drinks companies are investing in the area of functional drinks‚ developing their own brands and buying up existing ones. This is seen as being important‚ given that their traditional soft drinks markets are at the maturity stage in
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about Red Bull Red Bull is an energy drink. Red Bull is an adaptation of the Thai energy drink Krating Daeng‚ which translates as "Red Bull". Based on market share‚ it is the most popular energy drink in the world. The company was founded by Thai national Chaleo Yoovidhya and Austrian national Dietrich Mateschitz. Red Bull ’s slogan is "it gives you wings" and the product is aggressively marketed through advertising‚ tournament sponsorship sports team ownerships (Red Bull Racing‚ Red Bull Salzburg
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What is Brand Loyalty? The American Marketing Association defines brand loyalty as: The situation in which a consumer generally buys the same manufacturer originated product or service repeatedly over time rather than buying from multiple suppliers within the category. Brand loyalty is more than simple repurchasing‚ however. True brand loyalty exists when customers have a high relative attitude toward the brand which is then exhibited through repurchase behavior. This type of loyalty can be a
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Brand Loyalty In marketing‚ brand loyalty refers to a typical consumer behavior in which s/he repurchases a brand’s product with a certain level of commitment and can be seen as a repeated buying of a particular product/service or behaviors like advocating the use in the general public or people they know. Nevertheless‚ brand loyalty does not only entail repurchasing. Repurchase may be the result of several other variables like absence of good alternatives‚ situational constraints‚ or simply
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Javalgi‚ R. G. & Moberg‚ C. R. (1997) Service loyalty: implications for service providers. The Journal of Services Marketing‚ 11(3)‚ pp. 165-179. Jacoby‚ J. & Kryner‚ D. B. (1973) Brand loyalty vs. repeat purchasing behavior. Journal of Marketing Research‚ February‚ pp. 1-9. Oliver‚ R. L. (1999) Whence consumer loyalty. Journal of Marketing‚ 63(special issue)‚ pp. 33-44. Wernerfelt‚ B. (1991) Brand loyalty and market equilibrium. Marketing Science‚ 10(3)‚ pp. 229-245. Javalgi
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