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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Red Bull Case Analysis  Executive Summary: The Problem: I have been asked to evaluate the marketing strategy for Red Bull. More specifically‚ I have been asked to identify new ways that Red Bull could maintain its leadership position in a maturing category. Although Red Bull did create this market and is a top seller for energy drinks‚ it is now vulnerable to other competitors who have the resources and brand recognition to aggressively compete‚ such as Coca-Cola‚ PepsiCo‚ and Hansen‚ to
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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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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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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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Red Bull Case Analysis Purpose: to provide the chain of strategies Red Bull used to develop their brand equity and global market dominance in the energy beverage industry. Target Market: Red Bull does not target to a specific demographic or psychographic. Its strategy is to reach to a relatively broad consumer base. The target is anyone who need energy boost to combat their mental and/or physical fatigue. Red Bull knows their consumer base mostly involves students‚ drivers‚ clubbers‚ business
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Competitors In the Hong Kong energy drink industry‚ Red Bull has several main direct competitors‚ Paolyta‚ Libogen and Shark. These products have similar main ingredients‚ taurine‚ glucuronolactone and caffeine with Red Bull. Therefore‚ these competitors provide the same benefit‚ which is to enhance energy‚ performance‚ concentration and speed of response by similar products. In addition‚ Shark keeps trying to attack Red Bull‚ by comparing the taste‚ benefits and usefulness through their advertisements
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Red Bull is a privately owned company‚ producing and distributing the Red Bull energy drink to more than 165 countries worldwide. The company was founded by Dietrich Mateschitz in Austria in 1984 and launched Red Bull onto the Austrian market in 1987. Since then more than 35 billion cans of Red Bull have been consumed. Red Bull employs over 8‚900 people throughout the world‚ its corporate headquarters are located in Fuschi am See‚ Austria. (N/A‚ 2012). This report focuses specifically on the
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Market Analysis Red Bulls are competing in the non-alcoholic beverage market and in the specific segment of Energy Drink. The segment only occupied 1% of the Australian’s non-alcoholic beverage market (in 2004). However‚ it is dominated by 2 main companies that are Red Bull and its rival V. The following table is the actual volume and value of this segment. Figure 1: Energy Drink Segment actual volume and value size The energy drinks market after initial fast growth gave signs of some declines
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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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