Study: Smirnoff Vodka Market The drinks market is constantly evolving‚ with product innovation‚ as well as brand strength‚ at the heart of its growth. Doubtless‚ the root of success of Smirnoff vodka is the consistently high standard of classic vodka that its owner has produced over the years. However‚ as the market has evolved‚ so has the Smirnoff brand. With a growing range of flavoured vodkas and pre-mixed cocktails that perfectly tap into the lucrative ready to drink sector‚ Smirnoff is successfully
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PRESS RELEASE – 19 JUNE 2012 JOHNNIE WALKER CLOSES IN ON SMIRNOFF’S LEAD AS WORLD’S TOP ALCOHOLIC DRINKS BRAND DUE TO STRENGTH IN ASIAN AND LATIN AMERICAN MARKETS • Smirnoff holds top position but its once considered unassailable lead is being quickly eroded by an ever strengthening Johnnie Walker. • Johnnie Walker’s performance this year over-shadows all brands in the Power 100. • Every one of the top 16 brands in The Power 100’s Global Mega Brands rankings increased
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5 Weaknesses 5 Opportunities 5 Threats 5 4. Competition 6 Ad Comparison: Smirnoff vs. Absolut 7 Smirnoff Vodka 8 Popularity 9 5. Market Research 10 Target Market 10 Focus Group and Blind Taste testing 13 6. Marketing Strategies 15 Table of Figures 16 1. Mission Statement It was very difficult to find an actual mission statement for Smirnoff Vodka but we did find a mission statement for Smirnoff Vodka’s company owner Diageo. Diageo is the world’s leading premium drinks business
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promotional strategy for a period of one year 2006/07. The objectives of the promotional plan are to achieve growth for the Smirnoff brand by tapping into a new product and market‚ to increase market share and build awareness and preference for the Smirnoff brand in the affordable ready-to-drink (RTD) segment. Light is a vodka-based pre-mixer‚ consisting of vodka‚ fresh juices and liqueur. Light will be positioned as an affordable‚ mass-marketed pre-mixer with a lower alcohol and sugar content
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the #1 domestically made US vodka‚ Skyy Vodka’s mission is to provide a premium vodka with the purest‚ smoothest taste with less impurities than any other vodka. Skyy Vodka is the number one choice of bartenders for the ultimate mix of style and taste. While Smirnoff and Absolut continue to lead in market share‚ we want to differentiate Skyy among these competitors by emphasizing both of these attributes. We plan to reposition the brand as a “step up” from all other vodka. We aim to highlight the smooth
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Absolute Vodka: Defending and attacking for a better position in the global vodka market. 1. Which alternative marketing strategies does V&S Absolut Spirits have to increase its market share for: Since V & S predominantly (and rightly so) focuses on Brand promotion and awareness‚ it carried out comprehensive advertising campaigns which aim to etch the brand and its image in the back of the consumers mind wherein when they think of Vodka they immediately make the connection with Absolut.
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UVA-M-0803 Sept. 2‚ 2011 SVEDKA VODKA (C): MARKETING MIX IN THE VODKA INDUSTRY Associated with sophistication ever since James Bond first ordered a vodka martini “shaken‚ not stirred‚” vodka has enjoyed tremendous success over the decades leading up to SVEDKA’s debut. The vodka-enthusiast women of the hit HBO series Sex and the City provided renewed energy for vodka in early 2000‚ just as the more-than-40-year bump Mr. Bond had provided was losing luster. In 2007‚ Smirnoff was the highest-selling spirit
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Absolute vodka Absolut Vodka is a brand of vodka‚ produced near Åhus‚ Scania‚ in southern Sweden. Since March 2008‚ the company has been owned by the French firm Pernod Ricard‚ having been sold as a part of the V&S Group‚ which was owned by the Swedish government. Building on a four century tradition of producing vodka at Åhus‚ Absolut was introduced in 1879 by the entrepreneur Lars Olsson Smith. Absolut is the third largest brand of alcoholic spirits in the world after Bacardi and Smirnoff‚ marketed
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known liqueur‚ Vodka. A risk was taken by Pernod Ricard in 2008 to invest 8.9 billion dollars to acquire V&S. Although this beverage is made from an economy raw product‚ potato‚ however with the strong brand awareness and reputation Absolut Vodka as a world’s leading premium vodka. It is conveyed that this acquisition of V&S was due to the existing Absolut Vodka. The phrase of acquisition allow Pernod Ricard to enhance his portfolio and diversify risks‚ also to be compatible with Smirnoff by increasing
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Absolut Vodka Questions 1. I think all of these factors are crucial to the success of Absolut Vodka‚ but among them the promotion is relatively the most essential part. Having a fine vine‚ a distinguished bottle or a clever distributer is never enough‚ so Absolut Vodka has found a unique way of promoting their products. The advisements were different from the ads at that time‚ with only bottles and captions. As descried in the case‚ it is a contemporary art. People were fascinated by the art
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