Reaching for value Strategic opportunism Stuart E. Jackson Stuart E. Jackson is Vice President of L.E.K. Consulting‚ Chicago‚ IL‚ USA. Ralph Waldo Emerson‚ American philosopher and sage of Concord‚ is often misquoted on the subject of consistency. What he actually said was: A foolish consistency is the hobgoblin of little minds‚ adored by little statesmen and philosophers and divines. But is that enough? Sometimes it is not. All too often‚ business leaders get trapped in their strategic
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Quaker Oats- Gatorade/Snapple Background Quaker Oats acquired the Gatorade brand in 1983 but the sports drink actually was developed in 1965 for the University of Florida Gators. At the time of the acquisition Gatorade sales were about $100 million. But the most notoriously known sports drink would grow in sales to over $1.1 billion worldwide by 1994. Gatorade wasn’t the only division produced by Quaker Oats. The company also had divisions in breakfast foods‚ pet foods‚ golden grains‚
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a beverage company to sell apple juice. After 20 years’ development‚ the annual sales of this company were growing from $4 million (1984) to $674 million (1994)‚ increasing 168 folds. “Snapple” became a well-known beverage brand. Through analysis of Snapple’s marketing mix‚ we can peek at the reasons why Snapple can achieve such successes 1) Product. Snapple’s major product is a bottled apple drink which emphasizes 100% nature. It is easy for us to understand such apple juice met many customers’
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Problem Central Problem Dr Pepper Snapple faced problems deciding whether the company should enter into the energy drink market. The energy drink market is a high growth and high-margin business. Recent rise in such functional drinks has Dr Pepper wanting to tap into this fast growing market. Dr. Pepper is one of the only major domestic carbonated soft drink companies that have not introduced a line of energy drinks. The challenge Dr Pepper Snapple faces is what would be the best way for
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period of 1972 to 1993‚ why do you think that Snapple flourished when so many small Start--‐ ups premium fruit drinks stayed small or disappeared? The growing success of Snapple can be explained with 2 of the four principals of marketing mix. Marketing mix describes the set of tools that management can use to influence sales‚ in the traditional formulation: the 4Ps of marketing—product‚ price‚ place‚ and promotion. Analyzing the case is perceived that Snapple differentiated themselves through Place and
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I. Point of View The point of view taken in the case analysis of Snapple is the Marketing Manager point of view. Marketing Manager is largely responsible on making decisions on how to market the products to make it more competitive in the current environment. II. Analysis of the Case Situation Macroenvironmnent Analysis. Iced tea market in the United States is excitingly huge and is contunously growing. It is already served in 75% off all the households in the United States
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Quaker Oats Morrison reviving Quaker after the Snapple debacle– cost $1.4 B write-off ●Focus on Gatorade. Gatorade -cash cow – potentially could dry up ●Pre-Morrison‚ Quaker mainly riding Gatorade under-investing in food brands ●Morrison comes in and changes PA: Younger manager presidents – oversee individual product lines such as hot cereal‚ cold cereal‚ snacks‚ and domestically sold Gatorade-cost-cutting - reinvested right into their own brands ●SK ●Same representative-move multiple brands of the
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Introduction The soft drink industry is one of great and increasing power. With powerhouse companies such as the Coca-Cola Company and Pepsi Co dominating the market‚ Dr. Pepper Snapple Group has remained a close competitor with their line of soft drinks. While the demand of carbonated beverages has consistently been decreasing over the past few years due to health concerns‚ the attraction to diet beverages has boosted due to the idea of it being a healthier alternative to full-calorie sodas. Perceived
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they have built loyal customer relationships through the added value of their various community efforts‚ successful execution of the marketing concept‚ and established an effective marketing mix. The company’s competitor’s‚ PepsiCo and Dr Pepper Snapple Group‚ lack the commitment to improve their carbonated soft drink market share rating by meeting their customer wants and needs. Favorite Brand Paper – The Coca Cola Company The Coca-Cola Company is America’s number one soda brand and has been consumer’s
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Assignment Honest Tea- Corporate Social Responsibility due Tues February 28 Please watch an online video. The video shows how one company‚ Honest Tea‚ takes social responsibility seriously and works to apply it at several levels business-wide. To watch the video you can either: 1- Click on the link below. 2- Copy and paste the link. 3- Highlight the link‚ click on the right mouse key and select open hyperlink. 4- Highlight the link‚ press the Ctrl key + click to follow the link to the online video
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