Red Bull’s Brand Equity Advance Brand Management 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
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1. What segmentation base has Red Bull adopted to target customers? How should Red Bull further segment the market in the future? The concepts of market segmentation are fundamental to the success of firms’ marketing efforts. Kotler and Armstrong (2004) provide a useful definition: “Dividing a market into distinct groups with distinct needs‚ characteristics‚ or behavior who might require separate products or marketing mixes” (239). Segmentation is important because firms cannot appeal to all
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Principles of management APPLIED RESEARCH Red Robin Park University Internet Campus A course paper presented to the School for Arts and Sciences and Distance Learning in partial fulfillment of the requirements for the degree of Baccalaureate Principles of Management Park University July‚ 2012 TABLE OF CONTENTS Introduction 2 BODY..................................................................................................................................
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Red Lobster Red Lobster is a seafood style restaurant that was first opened in Lakeland‚ Florida in 1968‚ by a man named Bill Darden. His love for seafood helped to establish Red Lobster locations throughout the South East in the 70’s and later on through the entire United States and Canada. There are currently close to 700 locations across North America. Red Lobster has always been dedicated to offering customers fresh new seafood dishes and excellent quality service. Popcorn shrimp was actually
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Red Cross - It is an international organization concerned with the alleviation of human suffering and the promotion of public health; the world-recognized symbols of mercy and absolute neutrality are the Red Cross‚ the Red Crescent‚ and the Red Crystal flags and emblems. - It is an international humanitarian organization (Red Cross Society) formally established by the Geneva Convention of 1864. It was originally limited to providing medical care for war casualties‚ but its services now include
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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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There are three product levels‚ they each add more customer value than the previous level and they constitute a customer value hierarchy. The decision of customers is usually based on the value that they expect to receive from buying and consuming it. The first level is the core benefit. It is the actual or fundamental benefit that the customer seeks when he buys the product. It is need to the most basic need that he/she wants to satisfy. For example‚ someone will go buy a red bull for the energy
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Case Study: BMW of North America: Dream It. Build It. Drive It. Brief Description: Set in 2011‚ this case describes how BMW‚ the leading luxury car manufacturer in the U.S.‚ successfully implemented a new marketing initiative based on its online video services and increased sales of customized vehicles. The case addresses the challenges of catering to the North American consumer‚ where most car buyers want or have become conditioned towards immediate gratification with their purchases. Main
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The Red lobster’s mission statement states that “Here at Red Lobster we’re passionate about serving our guests great seafood. It’s why we go the extra mile to bring you the best dining experience possible. Our fishermen take pride in catching only the highest quality seafood‚ and the freshest fish. Our grill master’s expertly perfect flavors‚ cooking seafood and steak over a wood fire grill. And our servers pull out all the stops to make every dining experience feel extra special. It’s our passion
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Running head: THE AMERICAN RED CROSS The American Red Cross Dr. Victor Oladapo Ethics and Advocacy for HR Professional The American Red Cross 1. Determine impact of this event on ARC’s “benefits of business ethics” (employee commitment‚ investor loyalty‚ customer satisfaction the‚ and bottom line). Ferrell and Fraedrich (2011) states that‚ “business ethics relates to rules‚ standards‚ and moral principles regarding what is right or wrong in specific
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