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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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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Enhacing the corporate image of Red Bull In general and introduce the new variation Red Bull Cola to the market. Increasing awareness of the new product Stimulating the sales Leveraging corporate reputation Maintaining the domination of the market share of energy drinks market. Fitting in the Spanish market by adapting to the philosophy of energy drinks. Market Entry Mode The choice of entry mode: The market entry of Red Bull was rooted firmly in its
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BUSINESS RESEARCH METHODOLOGIES RESEARCH ON SMART MARKETING 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
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Current Situation Products Red Bull has expended their product line from the original Red Bull Energy Drink to Red Bull Sugarfree‚Total Zero‚Energy Shot‚and most recently‚Red Bull Editions.Red Bull Editions is their line of fruit flavoured drinks which include cranberry‚lime and blueberry.Red Bull products continue to gain popularity with an increase in product sales of 12.8% in 2012‚resulting in 5.226 billion cans sold worldwide (Red Bull‚2013).And if we overwiev Red Bull sales statics;number of cans
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energy drink Red Bull posted revenue of more than $5.1 billion in 2010‚ and sales of the product are continuing to increase each year. Red Bull spends an unbelievable 30-40% of their revenue on marketing. The majority of Red Bull energy drinkers are between the ages of 18-34 year old males. The drink grabbed the attention of their target user and flawlessly grew‚ and become the brand marketing strategy that translated into “We are with you and one of you”. The recent 2011-2012 focus of Red Bull energy
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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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market research – (what stops red bull and under take their research) How is this limitation/ how it relates to Red Bull * Participant (primary) Consent – whether they are happy to provide information‚ storage of information * Access to secondary research – copyright * Complete the research within the time scale (take long time participate) – trends/ fashion‚ competitors-new product (being a head of the competitors) filling the gap in market? Or copying red Bull’s competitors? *
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1 | P a g e Analysis of Industry Before understanding where Red Bull stands within the energy drink industry‚ it is important to define the energy drink industry itself. Red Bull is an energy drink‚ which is defined as‚ “beverages that contain‚ besides calories‚ caffeine in combination with other presumed energy-enhancing ingredients such as taurine‚ herbal extracts‚ and B vitamins‚” (Heckman‚ Sherry‚ & De Mejia‚ 2010). The same article places energy drinks in the “functional” category of drinks
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History Dietrich Mateschitz‚ an Austrian entrepreneur‚ founded Red Bull in 1987 and today it is the world’s most popular energy drink brand. The beverage was inspired by Mateschitz’s trip to Thailand where he discovered a local drink by the name Krating Daeng‚ and he decided to team with the Thai brand and distribute his version of the beverage in Europe‚ believing that it would sell and become a successful brand. Mateschitz‚ an innovative marketing specialist‚ believes in the idea of always
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