Dave A Johnson Marketing 450 Marketing Decision Making Process Dr Pepper Snapple Group Marketing Plan Professor: Richard Farrell August3‚ 2014 Dr Pepper Snapple Group Marketing Plan Introduction Generally‚ many new products fail after their introduction in the market (Bamford‚ 2010). There are many reasons that can be attributed to their failure. Companies often fail to do enough research‚ or even
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The first difference concerns target audience which these ads are focused on. In case of «Secret» ads it is crearly seen that this product is assigned only for women while Dr‚Pepper’s ads shows us that their product designed for men. But if we look deeply at Dr.Pepper’s ads we can see a sort of subtext that tells women that if men buy and drink it why cannot we go and buy it as well? Another difference is how these ads try
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The now behemoth Dr Pepper Snapple Group (DPS) has simple origins like many in its class it has grown exponentially over the years the by-gone days of soda shops that were once vital to this business are fleeting memories like the foam coming off of a freshly poured glass of Dr Pepper. From humble beginnings in Waco‚ Texas in 1885‚ the delicious refreshment was born thanks to Charles Alderton‚ a young pharmacist working in Morrison’s Old Corner Drug Store. Alderton wanted to find a drink that embodied
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DISCUSSION QUESTIONS FOR DR. PEPPER SNAPPLE GROUP _1. HOW WOULD YOU CHARACTERIZE THE ENERGY BEVERAGE CATEGORY‚ COMPETITORS‚ CHANNELS‚ AND DPSG’S CATEGORY PARTICIPATION IN LATE 2007?_ In late 2007 the energy beverage category was reaching market maturity and projected to have a slower annual growth rate from 2007 to 2011 (10.5%) than it had between 2001 and 2006 (42.5%). Rising prices‚ packaging competition‚ and the introduction of hybrid energy beverages also added to the slower projected growth
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DEFINITION BCG MATRIX Boston Consulting Group (BCG) Matrix is defined by the following authors as follows: Table 1 Definition of BCG Matrix Pearce (2013) David (2012) BCG Matrix is an approach pioneered by the Boston Consulting Group that attempted to help managers “balance” the flow of cash resources among their various businesses while also identifying their basic strategic purpose within the overall portfolio. It is also known as “portfolio techniques”. BCG Matrix graphically portrays
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Case Recap Dr. Pepper/Seven Up‚ Inc. is the company which produces the brand Squirt. “Squirt is a caffeine-free‚ low sodium carbonated soft drink brand with a distinctive blend of grapefruit juices that gives it a tangy‚ fresh citrus taste. Squirt is the best selling carbonated grapefruit soft drink brand in the U.S.” (Kerin and Peterson‚ 2010) Kate Cox‚ the brand manager responsible for Squirt believes that market targeting and product positioning are key elements in Squirt’s advertising and
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Dr Pepper Snapple group‚ Inc. is a major integrated brand owner‚ bottler‚ and distributer of nonalcoholic beverages in the United States. In 2007 they had net sales of $5.748 billion‚ 21 manufacturing facilities and approximately 200 distribution centers in the United States. They are the number one Company in carbonated soft drink products in the United States. Their business strategy is to invest most heavily in their key brands to drive profitable and sustainable growth by strengthening consumer
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Placing products in the BCG matrix results in 4 categories in a portfolio of a company: BCG STARS (high growth‚ high market share) - Stars are defined by having high market share in a growing market. - Stars are the leaders in the business but still need a lot of support for promotion a placement. - If market share is kept‚ Stars are likely to grow into cash cows. BCG QUESTION MARKS (high growth‚ low market share) - These products are in growing markets but have low market share. - Question
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Problem Andrew Barker‚ a brand manager for Snapple beverages at the Dr. Pepper Snapple Group‚ Inc.‚ must assess whether or not a profitable market opportunity exists for a new energy beverage brand to be produced‚ marketed‚ and distributed by the company in 2008. He has about 3 months to determine the market opportunity. SWOT Strengths | Weaknesses | * Strong portfolio of leading consumer-preferred brands * Integrated business model * Strong customer relationships * Attractive positioning
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Dr Pepper/7Up‚ Inc Squirt® Brand The brand manager of Squirt‚ Kate Cox has been tasked with coming up with the brand’s annual advertising campaign. Kate met with the brand’s advertising agency to discuss some ideas for new market targeting‚ and product positioning because Squirt’s recent case sales volume has fallen‚ as well as increased competition‚ and a change in many of the markets that Squirt currently serves. Currently Squirt’s total market by ethnicity shows that 73% of its market is
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