This presentation discusses the marketing mix of Coca Cola and Pepsi, two of the world's most valuable brands. It covers the product, price, place, and promotion strategies of both companies. The presentation also includes a marketing plan for Coca Cola and a SWOT analysis.
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Marketing Essentials Activity 2
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Table of content •Introduction •Marketing mix of different companies •Marketing mix of Burberry and Armani •Marketing plan •Conclusion •References
Introduction In the modern era, marketing is a process of absorbing expected customers and clients in products and services. For this presentation selected company is Coca Cola which was introduced by John Stith Pemberton. It is American based multinational company and dealing in soft drinks and other products. The main aim of the presentation to present procedure of marketing to accomplish goal of organization and determine various strategies. There is a prepared marketing plan that applies 7Ps to gain more advantage
Marketing mix of different companies This defines a group of different variablesthatareusingby company to combine and control to target market to get desired responseThemainaimof marketingmixtospreadout theirbusinessaswellas profitability by using factors of marketing mix.
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Marketing mix of Coca Cola and Pepsi The plan of marketing different of both companies Coca cola and Pepsi. Both are famous as brands and listed into Forbes list as “The world's most valuable Brands”. The position of Coca Cola is on 4thplace and Pepsi in on 28th. Hence, it is understand that both companies preparing effective strategy in order to compare difference with rivals.
Continued... Product Coca Cola –Companyhas a number of goodscollection such as various kinds ofenergy drinks, cola drinks, and healthy juices etc.. It is leading to soda in almost 200 countries. Inpresent time coca cola is also known as the famous drink of all time due to number of drinks such as coca cola classic. Pepsi -Pepsi is the largest soft drink player in overall world and applies several strategies and tactics to compete in a competitive environment.
Continued... Price On the basis of Price as well as Coca Cola it is getting that both are facing competition in the market.Both companies compete to each other that is known as oligopoly. To conduct business activities into perfect market need to set good pricing power. The pricing strategy of company mainly based on the competition because Coke and Pepsi are almost perfect substitutes.
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Continued... Place: In present time both companies Coca cola as well as Pepsi are dealing into different countries approx 200 all over the world. with the help of super markets, cafes, vending machines, gas stations, movie theaters and so on. Hence, it is recognized that there is not big variation among availability of Coke and Pepsi.
Continued... Promotion Coca Cola:Due to fierce competition at the place of market they are applying different types of policies to fulfil requirement of large number of consumers. Pepsi:This company includes different promotional strategies like sales, promotion, direct marketing and public relations.
Continued... People Coca Cola:In the context of older days a company concerned about their clients and them selves but in modern era they are connected with employees, shareholders, press or media, associates and common people are important to accomplish organizational goals and objectives. Pepsi:There are consisting those people or staff members that connected with them. Pepsi ismultinational company so they have many employees, consumers,competitorsandshareholderswhoplayssignificantroleto accomplish organizational goals and objectives.
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Continued... Process Coca Cola:Coca Cola is most successful organisation due to interact in directly manner and transact with clients regarding to several methods and tools. Pepsi:To conduct various operations of Pepsi focus on their two essential sources for production and then deliver to ultimate consumer base by retail chain to meet with large client base and select different allocator that can reach at large consumer base.
Continued Physical Evidence Coca Cola:There are defining about the those factors that affect to purchasing power of consumer regarding to products and services. Pepsi:It is defined thatmerchandise and servicesof this company attract tobig amount of clients. It is recognised through their look and logo isperson decent to make its own position in market.
Marketing Plan Marketing Plan is defined as a plan whichispreparebyevery organization in order to develop strategytopromotetheirnew products.Thisplandefined about the overall information of marketing strategy in respect to upcoming year.
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Continued... Executive summary:The coca cola company introduce new product in reference to target more people and increase market share. Vision and Mission:Theactual mission of respective company is to give best drinks that refresh their body. To encourage instant of hope and happiness with the help of ourtrade name and cations. To make value and kind a variation theycovers market share and facilitate fruit juice to its customers.
Continued... Objectives:“ The main objective of the company to provide healthy drink to people and increase profitability in effective manner.” Marketing Mix for fruit juice:To analyzing of their business situation it is important to apply marketing mix in efficient manner. To introduce their new product of fruit juice to improve their profitability. There are defining all factors of marketing mix in detailed manner regarding to new product of Coca Cola.
Continued... SWOT Analysis Strength The strength of the company to provide products on affordable price with good quality. They are conducting their business activities in all over the world. Weakness Coca cola have not uniqueness in compare of their competitors. The main weakness high cost of transportation.
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Continued... Opportunities To cover market introduce drink products in different flavours. It provide a way to health conscious individuals. Threat They have rivals such as Pepsi. Variation of economy into the nation.
Continued... Market Evaluation:To launch new product in the market that time need to analysisofmarketingactivitiesineffectivemanner.Itisbasedon marketing plan because before introduce company prepare plan where understand of failure and success of new product. Marketing Budget:It analysis the company to know cost in marketing plan and understand which methods apply by them. The particular budget based on the fruit juice and how to launch and calculate cost.
Continued... Marketing budget ( Amount in£) Particulars1st year2nd year3rd year4th year5th year Initial money250050007000800012000 Investment30005000100002200018000 Total550010000170003000030000 Marketing outlay Promotion or advertisement1200012000130001500016000 Sale activity40005000600060008000 Direct selling activity30007000300040005000 Total1900024000220002500029000
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Continued... Marketing Tactics:It is a strategic actions which can help to any organization in direct promotion of their products. It will help in achieve marketing goals and provide high level ideas. In the context of Coca cola inform to customers regrading new products. STP Analysis:It states that the STP analysis has been categorised into three parts which is segmentation, targeting and positioning. In the context to Coca Cola to recognize of the market segment for different clients to target customers.
Continued Return on investment:To get return on their investment analysis business activities and get successful position in particular market segment. With the help of this approach Coca Cola understand the profitability. Expansion:It assist a company to intensify of their market to meet with the firm and capable to earn more profitability.
Continue... Consumer Response:It is most important things which is know the response in deference to new products of a company. If this will be positive than produce goods and sale out through different distribution channel. Strategic Actions:The company Coca Cola for their new product of fruit juice prepare strategic plan then take appropriate action. These actions based on the UK market and provide good opportunities to company in reference to beat the competition.
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Continued... Measuring for monitoring and evaluating progress:To measure and monitor of marketing plan of Coca Cola can be considered few measures in reference to achieve the objectives. The particular plan can be determined by management information system, monitoring requirement as well as preferences of the customers. The action plan will assists the manager of Coca Cola to determine and measure in effective manner to achieve its objectives. Therefore, it will also aids firm to achieve sustainability for long duration.
Conclusion From the above discussion it has been concluded that in present time marketing plays important role for a company and sale out goods andservicestoprovidesatisfactiontocustomers.Thereare developed marketing plan for Coca cola to introduce new product and compare with Pepsi to develop strategies.
REFERENCES Campbell, R., Martin, C. and Fabos, B., 2018.Media essentials: A brief introduction. Bedford/St. Martin's. Clow, K. E. and James, K. E., 2013.Essentials of marketing research: Putting research into practice. Sage.