Business Study Mr. Q 9/5/2012 Red Bull Red bull mainly sells energy drinks to the public. They also do sponsors for the contests to promote their brands. It is always said in the advertisements‚ “Red Bull gives you wings.” Dietrich Mateschitz is the CEO and founder of the Red Bull. He gets $5 billion per year for Red Bull and is a very successful entrepreneur. Red Bull’s cans are supplied by Rexam. Rexam is the world’s biggest supplier of beverage cans. Red Bull is packaged in very small size
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University of Newcastle. It is the first part of the marketing plan for Red Bull‚ the leader of energy drinks market. The business overview‚ current situation analysis and marketing objectives are reviewed in this document as the following briefly details. The current objectives of the Red Bull are to stay in the same position as the leader‚ to be the brand icon of the extreme sports and to expand the existing markets. Red Bull has used some strategies to reach these goals‚ such as extending the product
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Topic 1: Introduction to Marketing Red Bull 1. The Product/ Competitors/Industry 1.1 Product Red Bull is a sweet‚ caffeinated drink aimed to give consumers the high energy kick. Available only in rather expensive 250ml cans‚ 350ml bottles‚ with 4 packs and only two ‘flavours’ (original or sugar-free). It contains caffeine‚ taurine‚ glucuronolactone‚ and B vitamins. Founded in 1984 by Austrian businessman Dietrich Mateschitz‚ Red Bull has become the worlds leading energy drink‚ a staple in many
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Red Bull’s path to a better Blue (ocean) Austria vs. Netherlands Assignment: Strategic Analysis Red Bull Date: 22.10.2008 Class: L2BV - M-Strategy & Marketing 2/02 Lecturer: Gerbrand Rustenburg Ruud Kuijpers 1539334 Mark Mungroop 1540960 Stefan Andreas 1531650 Jason Lucas Luijckx 1538688 Executive summary A thorough analysis of energy drink producer Red Bull concludes that the company was set up to market just one product
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PLAN Red Bull Table of Contents 1. Executive Summary 2. Company Descriptions Red Bull is an energy drink found by Dietrich Mateschitz in Austria in 1984 and began to sell there in 1987 with special marketing strategy‚ which opened up a new product category in the world in the meantime. Red Bull now contains four types including the original Red Bull energy drink and the other one of sugar-free‚ the Red Bull energy shot and Red Bull Cola. With increasing demands of Red Bull‚ it soon
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Contents Introduction 1. Why did we choose Red Bull 2. Executive summary I) Company presentation II) Macro Analysis 1. Market Descriptions 2. PESTLE 3. Five Porter Forces III) Micro Analysis IV) Objectives & Strategy 1. Customer Analysis 2. Segmentation 3. Targeting 4. Positioning 5. Marketing Mix V) Financial Statement VI) Recommendations Conclusion Reference Introduction Red Bull is the leader of the energy drink market. This company created in 1984 by Dietrich Mateschitz performs
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Executive summary Red Bull GmbH (Red Bull) is an Austrian company founded in 1984‚ which produces in distributes energy drinks. Between 2003 and 2008‚ before the global recession‚ the energy drink industry had explosive volume growth rates of 17 % on the total market. The primary market‚ North America accounted for a 35 % increase in that period1. However‚ the recession in 2008 caused the growth rates to decrease significantly. Even though the energy market outperformed the general soft drink
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Emotional context Red Bull’s essence is based on its authenticity and free soul. As such a modern and young brand‚ they demonstrate it through extreme sports and challenging events‚ where they provide customers with a product that gives them the strength and energy they are looking for. They have built deep and strong emotional links that connect with their audience through every visible element: logo‚ slogan and can. Logo. Red Bull Logo Red Bull´s gold and red logo has been consistent
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Describe the promotional mix used by red bull Red bull was originally established in Thailand in 1962 under the name Krating Daeng‚ Red Bull was incorporated in 1984 with its head office in Austria. It is now a market leader in the energy drink segment with presence in over 130 countries and an employee base of over 3‚900 worldwide. It recorded a turnover of $2.6 billion in 2006 with a whopping 300% increase in global sales as compared to the year 2000. Starting with its first international foray
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RED BULL: THE HYPE & THE BRAND A case study of the world’s most successful energy drink It may be ranked consistently among the worst in taste tests‚ and is rumoured to be a health risk‚ but Red Bull’s dominance over the energy drink market actually depends on such rumours. This company only manufactures and markets one product – and has become very good at it‚ being at the forefront of popular culture without being too outlandish. How did a traditional recipe from Thailand take over the world
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