IMC Plan for Red Bull:
Integrated marketing communications is a general term that is used to refer to a holistic approach to marketing communication that is geared towards ensuring or enhancing the consistency of the message and the corresponding use of media. This concept is the combination of every marketing tool, approach, and resources in a company that enhances impact on the mind of consumers leading to maximum profit at lower costs. Notably, the integrated marketing communications entails the combination of online marketing channels like e-marketing initiatives and offline marketing channels like newspaper advertisements. When developing the integrated marketing communications program, a company includes the four components of the marketing mix.
An example of the use of integrated marketing communications program and tools is through marketing of Red Bull, which mature brand in the energy drinks market. Since the introduction of the non-alcoholic and caffeine-based drink in 1987, Red Bull can be found in over 162 countries across the globe as it originated...
Red Bull Life's Better Without Wings: Red Bull and the Allure of Advertising It is difficult to imagine walking into a convenience store, gas station shop, or other such establishment without being almost immediately confronted by a refrigerator case full of the aluminum cans and colorful tabs of the many different brands of "energy drinks." These drinks, with such brand names as Monster and Rock Star, purport to give a jolt of
In this line of thoughts then, it is crucial for Red Bull to diversify its product offering from other items available on the market. 7. Managerial Implications The managerial team at Red Bull GmbH has to supervise the entire process of manufacturing and selling of the new candies. In this order of ideas, they must first conduct a market analysis assessing the need and consumer perceptions relative to the introduction of
They will want to try this product, and they will want to experience themselves the effects and the consumption process of the energy candy. Consumers' behavior shows us how they intend to respond to the product. Basically, they can reject it, approve it, or be indifferent to it. Their behavior in the case of the energy candy will probably be similar to their behavior in the case of energy drinks
b) Although the product appears to fill a need and has good commercial prospects, the feasibility is subject to some limitations. One is the effectiveness of the product. The candy format is less effective in terms of the caffeine/herbal stimulant integration, such that the product may not be as effective as liquid Red Bull. We are concerned that by offering the candy in pieces with 50% of the caffeine as
energy drink manufacturer Red Bull. Included in this report will be a number of important sections that will detail Red Bull, how they are performing and how they approach doing their business. Inclusive of that will be this brief executive summary, findings and analysis and a conclusion. The findings and analysis will be the bulk of the report. It will include a profile and summary of the company, a
Deconstructing Red Bull's Empire Red Bull has a couple of distinct advantages as more companies like Coca-Cola, Pepsi, and Monster enter the energy drink category. Firstly, Red Bull knows its audience well and has built a solid reputation among the young people that have helped pioneer the popularity of this beverage. Additionally, Red Bull has cultivated a significant social standing with its audience, to the point where there are certain social
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