Economics
Pick a marketing environment and a popular brand of your choice. Then discuss the potential impact on the brand of trends that are observable in that external environment. How will they impact the demand for the product? How will they define who the competitors are? What recommendations would you make to the brand to prepare for the changes your see coming from the environmental trends you observed?
I choose Coca-Cola as the brand of choice. I choose the macroenivronment as marketing environment. The macro environment constitutes influences from the much larger global society. These include culture, political issues, technology, the natural environment, economic issues and demographic factors amongst others. The Coca-Cola beverage, produced by the Coca-Cola Company of Atlanta, Georgia is sold in more than 200 countries. The Company produces the Coca-Cola (otherwise called Coke) beverage which is then distributed to licensed international Coca-Cola bottlers. It is perhaps one of the most well-known beverages in the world and is synonymous to the American name. Its category is a carbonated soft drink drunk for pleasure. Its target age group is 18-25 that covers around 40% of its total age segments (Marketing week. Coca Cola).
Coca-Cola is already being impacted by the demands of the macroenvironment as evidenced by a news report that appeared just yesterday. Coke's latest innovation is a pocketbook drink called Dasani Drops. These are drops carried in one's handbag that people...
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