2 2.0 Purpose 2 3.1 Enterprise Theories – Characteristics of an Entrepreneur 3 3.2 Enterprise Theories – Risk Taking 4 3.3 Enterprise Theories – Competitive Advantage 5 4.0 Summary 6 5.0 Conclusion ` 7 Bibliography 8 Appendices 10 1.0 Introduction Entrepreneurship is the process by which individuals‚ either on their own or in organisations‚ pursue opportunities without regard to the resources
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Introduction: Red Bull is an energy drink sold by Austrian company Red Bull GmbH‚ created in 1987. In terms of market share‚ Red Bull is the most popular energy drink in the world‚ with 5.2 billion cans sold in 2012. Austrian entrepreneur Dietrich Mateschitz was inspired by a pre-existing energy drink named Krating Daeng‚ which was first invented and sold in Thailand. He took this idea‚ modified the ingredients to suit the tastes of westerners‚ and‚ in partnership with Chaleo Yoovidhya‚ founded Red Bull GmbH
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STRATEGY OF RED BULL AND HOW THE COMPANY MAINTAIN ITS LEADING POSITION IN ENERGY DRINK INDUSTRY TABLE OF CONTENTS I. ABSTRACT 4 II. INTRODUCTION 4 III. BACKGROUND OF RED BULL 5 IV. LITERATURE REVIEW……………………………………..….6-7 V. RESEARCH OBJECTIVES…………………………………………8 VI. RESEARCH QUESTIONS……………………………………………………………8 VII. RESEARCH METHODOLOGY…………………………………………………9-12 VIII. ETHICAL CONSIDERATION………………………………...…13 IX. LIMITATIONS……………………………………………………….13 X. CONCLUSION 13
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1. Introduction 3 1.1 Problem Description 3 1.2 Problem Statement 3 1.2.1 What is the preference of customers between Burn and Red Bull? 3 1.2.2 How should Burn products be developed and how should they be priced? 3 1.2.3 How should Coca-cola Denmark promote and distribute Burn? 3 1.3 Definitions 3 1.3.1 Energy drink 3 1.3.2 Burn energy drink 4 1.3.3 Red Bull energy drink 4 1.4 Demarcations (Scope and limitation of the study) 4 2 Theoretical Background 4 2.1 Market segmentation 5 2.2
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Red Bull case study Red Bull overview The beverage-industry company Red Bull entered the market for the first time in Austria on 1 April 1987. Red Bull introduced its new product‚ and arguably a new product category‚ Red Bull Energy Drink (Red Bull‚ n.d. c). The inspiration for the founder‚ Dietrich Mateschitz‚ were functional drinks from the Far East (Red Bull‚ n.d. a). Without any doubt‚ the idea of a carbonated ultra-premium energy drink was successful because after almost 25 years on the market
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Hello my friend‚ Many people‚ especially young people‚ athletes and students‚ drink energy drinks like: Red Bull‚ Rock Star and Monster almost every day to survive in their busy life. However‚ these people do not know the dangerous side effects and the harm which these energy drinks can make in their body. A research was conducted by Mayo Clinic hospital says that Energy drinks related emergency visit double in the hospital in the last 4 years. The same study also says that drinking energy
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QUESTIONS FOR DISCUSSION 1.List all the ways that Red Bull’s promotional efforts are unique from those of the mainstream? Red Bull Off-roaders Red Bull employed attractive army of marketers tossed out free cans of Red Bull froma fleet of shiny logo-bearing off-roaders with giant cans of Red Bull attached to thetrunk. Their mission is to find people who need energy and give them a free can of Red Bull Word of mouth In this case‚ Red Bull used pull marketing. This approach involves getting consumersexcited
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Red Bull vs. Monster Red Bull is one of the biggest soft drink successes over the past the years. Red Bull improves emotional status and vigilance‚ increases performance‚ reaction speed and concentration. Customers drink Red Bull for such benefits as these. In times of long school hours‚ stressful work‚ and very tiring days‚ customers look to a product that vitalizes body and mind. Red Bull even supplies a sugar free version for the average health-concerned user. The target audience
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bar at the Mandarin Hotel in Hong Kong. In 1984‚ Mateschitz founded Red Bull. He fine-tuned the product‚ developed a unique marketing concept and in 1987‚ started selling Red Bull Energy Drink on the Austrian market. This was not only the launch of a completely new product‚ in fact it was the birth of a totally new product category. Meanwhile Red Bull is present in over 164 countries. Since 1987‚ around 30 billion cans of Red Bull have been consumed‚ more than 4.6 billion in 2011. The responsibility
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December 15 2013 Red Bull Energy Drink Red Bull Energy Drink is a functional beverage. Red Bull is an energy drink sold by Austrian company Red Bull GmbH‚ created in 1987. In terms of market share‚ Red Bull is the most popular energy drink in the world‚ with 5.2 billion cans sold in 2012. Austrian entrepreneur Dietrich Mateschitz was inspired by a pre-existing energy drink named Krating Daeng which was first invented and sold in Thailand. He took this idea‚ modified the ingredients to
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