Essay about Pepsi Cola Marketing Strategy

506 Words3 Pages
Pepsi Cola Marketing Strategy

PEPSI COLA

For Pepsi Cola Ltd, marketing opportunity analysis is a continual and ongoing process. Pepsi have used the new- product strategy to realise their ambitions to both defend their current market position, and reinstate their position as a product innovator.
Pepsi wishes to create a clear cola that is 100% natural, low in sodium, caffeine-free, and still maintains the flavour of its original cola. They will call it Pepsi Au Naturel. Pepsi's hope is to usher in a new era, and to give them a clear-cut advantage over their rival's, Coca-Cola.
By following closely the six steps of the new-product development process, the company could expect such benefits as: improved teamwork, less
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Their customers would also have proven an extremely useful source of information and ideas, as they ultimately are the ones who you are trying to satisfy.

Stage Two: Screening and Evaluating Ideas
This is where Pepsi would have evaluated all of their ideas, in order to determine the viability of further study of each respective idea, in this case, Pepsi Au Naturel. The process of screening eliminates all ideas that are not viable due to unacceptable levels of competitive, operational or legal risk, or ones that simply don't comply with the company's overall position or strategy.

Stage Three: Business Analysis
If Pepsi Au Naturel should survive to this stage, it must now be developed into a concrete business proposal. Management should undergo Concept Testing, or Pre-Testing of the product idea (Rix, Peter, 2001, Marketing, A Practical Approach). This consists of three steps: identifying product features; estimating market demand, competition and the product's viability; and establishing a program for which to further develop the product. Management must now assign more responsibility for study to further examine Pepsi Au Naturel's feasibility.

Stage Four: Prototype Development
Pepsi Au Naturel will now be developed into a physical product. Prototypes or pilot models should be manufactured, along with laboratory tests amongst other technical evaluations to further determine

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