Red Bull is the most popular energy drink in the world‚ selling over three billion cans annually. Started in 1987 by Austrian entrepreneur Dietrich Mateschitz‚ Red Bull pursued an aggressive yet different marketing strategy to grow their brand globally. Red Bull met an untapped need within the beverage consumer market and the strength of their carefully cultivated brand provided them leverage to market themselves in a non-traditional manner. What were the key Brand elements for Red Bull? A brand
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Q1: Explain how Red Bull has been able to arouse and activate the consumer decision-making process. Initially‚ Red Bull made consumers realize that they need this kind of energy drink by physiological arousal. For blue-collar in Thai such as taxi and truck drivers‚ they usually have to combat mental and physical fatigue that are their bodily needs at that moment. Red Bull used and interprets these physiological cues to arouse related needs about energy drinks. After consumers recognized
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1. Red Bull was founded in 1985 by Dietruch Mateschitz and launched in Austria in 1987. After establishing strong sales in their home market‚ Red Bull gradually expanded into other markets. The brand started with just one SKU which is their signature 250mL silver and blue can. Red Bull’s target audience was defined as people who are mentally or physically fatigued‚ or both. Therefore they had no specific demographic or psychographic segment. The consumer categories were students‚ drivers‚ clubbers
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Introduction: Red Bull can be called as a pioneer in the energy drink category worldwide. Red Bull was founded by Dietrich Mateschitz and officially launched in 1987. In Hong Kong‚ Red Bull energy drink has been available since 1999. Red bull Energy Drink has been developed for people who want to have a clear and focused mind perform physically‚ are dynamic and performance-oriented whilst also balancing this with a fun and active lifestyle. [pic] [pic] [pic] [pic] [pic] [pic]
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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 in 25 global markets •2004: annual sales of 2
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STRATEGY MATRIX 37 4. IE MATRIX 38 5. BCG 39 MATRIX ANALYSIS AND TOWS SUMMARY 40 DECISION STAGE 41 STRATEGIC IMPLEMENTATION 43 5. STRATEGIC IMPLEMENTATION: 44 STRUCTURE & CULTURE 44 RESOURCES 44 STRATEGY # 1: TAURINE FREE RED BULL 44 STRATEGY # 2: DIVERSIFYING INTO SPORTS DRINKS MARKET 45 SYNERGIES IN VALUE CHAIN 46 PITFALLS IN STRATEGIC IMPLEMENTATION 46 SCORE CARD 48 DIAGNOSTIC SURVEY OF PRIMARY AND SECONDARY MANAGEMENT PRACTICES: 49 BIBLIOGRAPHY: 55 “MISSION
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throughout the United States. Red Bull has also created a premium image for their energy drink by making it a little more expensive then what other energy drinks sell for. Red Bull promotes that their drinks create the following effects on their consumers: Increased physical endurance‚ improved reaction to speed and concentration‚ increased mental alertness‚ improved overall feeling of well-being‚ and stimulated metabolism and increased stamina (Peter‚ Donnelly Jr.) Red Bull states these effects are because
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Every year‚ the world-famous event called the Encierro or the Running of the Bulls takes place in Pamplona‚ Spain. The city of Pamplona and surrounding area has ties to Roman times‚ and this is evident in its architecture. The tradition that became the Running of the Bulls originated from the festival of Saint Fermin‚ who was from Pamplona and eventually beheaded. In the 13th century‚ the religious ceremonies in honor of Saint Fermin (also called Sanfermines) were on October 10th‚ but they were changed
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Target market Red Bull was one of the first Energy Drink. It gave energy to people who want to be physically and mentally fit from 1982. As the company reported‚ in 2011 red bull had sold 4.631 billion cans over the world with 11.4 per cent increase of 2011. In selling‚ profits and productivity the data illustrated were the highest one of the company. (www.redbull.com) Moreover‚ as figure1 illustrated‚ Red Bull is the most popular energy drink brand all over the world from 2006 to 2012. Clearly
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Sitting Bull The life of Tatanka Yotanka better known as Sitting Bull and the tragic events that led to his death will be discussed in this paper. Yotanka led a carefree life as a young boy with the Sioux tribe. He received early recognition from his tribe as a warrior and man of vision. During his youth he joined in the usual tribal raids for horses against traditional enemies such as the Crow and Assiniboin. This paper will explain the history behind Sitting Bull and how he grew into a
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