Research Project
Title: A Critical Evaluation of promotional strategies used by
Coca-Cola in UK
Chapter 1 – Introduction (1000-1500)
1.1 Introduction
The marketing environment is continuously changing and to take advantage of opportunities and there must be a marketing strategy and strategic plans for organisation. The fast and the efficiency of promotion has become an essential factor for the success of a business project. Corporation is necessary to preserve unity, thus the statement amplifies the need for promotions in marketing strategies. The applications of various marketing mix has vital role in improving business productivity in market environment .Today Promotion has fundamental part in our social and economic system. Rapid growth of technologies and ecommerce contribute mass ways to companies to approach marketing as well as promotion. Promotional Strategy functions of informing and influence a consumer decision, some strategies that are aimed to develop their brand for demand for example companies like coco-cola, pepsi. This Chapter covers various aspects of this project such as the Background of the Study, profile of the company, Aim, objectives and justification of study.
1.2 Background of study
The main concern of the study is to gain knowledge and an idea regarding the promotional strategies used by Coca-Cola UK. As we know promotion is the main marketing tool in a business organisation which can reach customers easily. The companies set specific
In relation to promotions we believe an Integrated Marketing Communication (IMC) strategy would be the best way to proceed. Through IMC the brand will be able to maintain a personality and attitude that communicates effectively with the target segment. It will also help to build a desirable ‘brand image’ and relationships with consumers and distributors. The marketing activities will be very specific. It will involve a range of communication mediums including advertising, media, public relations and sales promotion.
Marketing has become more and more important, especially as the purposes of marketing expanded into performing marketing researches. Through marketing researches, it is asserted that marketing starts with a real customer need. Classic marketing, has, nonetheless, focused on making the need that will draw customers, and this stresses the advertising power of marketing (Woodall 2007, p.1284). This is also called the sales concept of marketing (Woodall 2007, p.1285). An example is how advertising lures people into buying a brand, because of the
1.The company I chose to research is the, Coca-Cola Company. Their company mission is to “refresh the world” and spread happiness, which can be seen in the media advertising. Although this company is sold in stores, there is the option for online buying as well. Its URL is, http://www.coca-colastore.com. While this URL, is the company’s actual website, http://www.coca-colacompany.com/our-company. This online website allows customers to buy Coca-Cola products “Share-a-Coke” and Coke brand merchandise (Moye, 2015).
Coca Cola and Pepsi are the brands with the highest brand equities. Both, Coca Cola and Pepsi have gone through the highs and lows of their business to reach that position. Coca Cola’s marketing has been changing over time with more and more products being added every day, while Pepsi has implemented several smart marketing strategies to improve its turnover and profits. So, let’s see what were the marketing strategies implemented by Coca Cola and Pepsi.
Coca Cola was born in the laboratory of Dr. John Pemberton in May 1886 in Atlanta, Georgia. Coca-Cola's own name was made by Frank Robinson. And marketed for the first time with an ad of banners with the inscription of oil paints labeled "drink Coca Cola". Although it was the title of "brand of the century", Frank Robison had experienced a loss in sales. Coca Cola formula then bought by Asa Chandler in 1892 that heavily promoting senhingga experiencing huge profits. Coca cola increasingly global sales thanks to independent bottling firms with licenses to other countries and this is maintained until now.
Brand awareness means how familiar a consumer is with a product or service. Cokes strong self-belief and its consistent advertising helped achieve its position in the market. Coke helped adapt their drink to various markets around the world and they wanted to achieve to satisfy the different tastes of the consumers. This showed great flexibility and innovativeness. Coke is also a very aesthetic product. The design of the product is recognised all over the world. Consumers remember the glass bottle and the red and white can. Even though coke is one of the most recognisable product in the world people still think it is not recognised for the product but for the marketing around it, especially for its commercials. It is one of the most persistent and well-loved brands and is considered among the most
The Coca-Cola Company is the globes leading and largest beverage company, offering to its consumers with more than five hundred still and sparkling brands. The portfolio of the company features seventy billion dollars brands such as Fanta, Coca-cola Zero and Diet Coke. The societal views of the 1990s greatly differ with the contemporary views especially with regards to issues such as masculinity and feminism. Within the last decades, women have changed the previous anticipation of their roles and have much self-sovereignty when compared to the previous decades. As a result, the advertisers of various products have changed the way through which they sell their brands to these groups of individuals. The paper shall presents how the commercial advertisement for one of its products the Diet Coke have changed over years most specifically focusing on the commercial ad of the year 1990s and that of the year 2014.
The main purpose of advertising is to inform people about products offered by an organization, persuade people to buy the product by using pathos, ethos, logos, or other techniques. The organization hopes that people will remember them and repeat the purchase.
The aim of this report is to apply theoretical frameworks to examine the changes in consumer behaviour and attitudes towards Coca-Cola Great Britain (CCGB) “One
The aim of this report is to apply theoretical frameworks to examine the changes in consumer behaviour and attitudes towards Coca-Cola Great Britain (CCGB) “One
The main topic for this Extended Essay is to analyze the effectiveness of company’s market strategy. A marketing strategy can be defined as a process that helps a business to optimize the opportunities in order to complete business objectives, which mainly gain profits. It includes all basic and long-term field activities of marketing that deal with the analyzing of initial strategy, evaluation of the strategy, and making of a new strategy if the initial strategy is found to be ineffective or even might cause loss. (Homburg, Kuester and Krohmer 2009) To make sure the effectiveness of marketing strategy, its crucial to establish the right marketing mix which cover all the element needed in marketing a product. (Clark, et al. 2009)
In business, it is important to use various and innovative promotional strategies to expand the demand of your product and to earn more consumers. It is one of the main things a business or a company must do to keep on working. There are 3 different ways to promote a product: to show information to
Advertising is ever changing since people and products are always transforming. Coca-cola has been living the advertising roller coaster since 1886.(About Us Coca-Cola History) Their message has changed since the beginnings of being a solution for the weary and tired to a message of creating a unity for people. The direction of the advertisements has changed considerably through the years. Although this may be the case if one looks at two specific advertisements, one from 1886 and another from 2016, the differences and similarities are striking. One can break down these similarities and differences into three distinct categories being the models in the ad, the Coca-Cola logo/ slogan, and the audiences the advertisements are directed towards.
Q1: There are numbers of aims of the promotional activities can be summarized in: introduce new products or services to the market which helps the consumers to define their need in order to fill it by purchase. In addition, by the promotional activities, the organization will increase the brand awareness in consumers mind, and make them more conscious about the brand and its products and services. Moreover, the organization wants the customer to have a good image of its brand, which leads to change the consumers attitude by let them choose their brand instead of others. When the category need and brand awareness is certain, and the brand attitude is appropriate, then they will decide to buy the product. So the organization must be ready. The
It is vital for an organisation to examine and make changes based on internal and external factors that affect its performance because if there is anything that is steadfast and unchanging it is change itself. Change is inevitable in an organisation. So let us identify COCA-COLA’s strength and weaknesses a SWOT analysis which stands for strength, weaknesses, opportunity and threats.