This assignment focuses on the integrated marketing communications of Coca-Cola, specifically in promoting the brand through social media marketing. It discusses the target audience, opinions about the product, and the necessary actions to expand the customer base.
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Running head: MARKETING Integrated marketing communications of Coca-Cola Name of the student: Name of the university: Author note:
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1 MARKETING Table of contents Background of the task...............................................................................................................2 Strategy statement......................................................................................................................2 Product’s brand positioning of Diet Coke..................................................................................3 Target audience..........................................................................................................................4 Opinions about the product........................................................................................................4 What is expected from the target audience and the necessary actions.......................................5 References..................................................................................................................................8
2 MARKETING Background of the task Integrated marketing communication forms the basis on which the current assignment is attempted. The main aim of this task is to promote the brand of Coca cola among the clients and the customers. Systematic and rational approach in this direction is assistance towards increasing the sales revenue and the profit margin (Luxton, Reid and Mavondo 2015). The assignment peeks into the means of social media marketing, which is beneficial in terms of increasing the trafficking of the audience towards the brand. In this context, the target audience is evaluated for assessing the rare values, which makes the brand stand out from the others. Strategy statement Objective:To expand the customer base through the means of social media marketing Scope:Coca cola achieves accolades and glory by emerging as one of the most valuable and recognized brand with $1 billion annual revenue. The resources and capabilities of the company are flexible, which is reflected from the production of non-alcoholic beverages like Diet Coke, Fanta, and Sprite among others (Coca-cola.com.au 2019). Competitive advantage:Provision of various flavoured beverages, at cheaper rates, assists in catering to the preferences of the customers. This is a means for influencing the purchasing power and decision of the customers (Coca-cola.com.au 2019).
3 MARKETING Product’s brand positioning of Diet Coke Fig: Position mapping of Diet Coke (Source:Coca-cola.com.au 2019) In this segment, the product chosen is that of the Diet Coke, one of the latest innovations by Coca Cola for the health conscious people. From the position map, it can be inferred that coke zero attains a higher position than Diet Coke. Diet coke is placed below the axis, which reflects the downmarket scenario. The major drive behind this is the lack of proper advertisements and promotions as compared to Coke Zero (Coca-cola.com.au 2019). Here, Blakeman (2018) proposes that social media is to be used for clarifying the doubts of the customers regarding the basic difference diet coke and coke zero. Modern/new Traditional High sugar tasteLow sugar taste Diet pepsi Pepsi Max Coke zero Diet Coke Pepsi Next Coke Classic Pepsi
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4 MARKETING Fig: Diet Coke and Coke Zero (Source:Coca-cola.com.au 2019) As per the arguments of Valos et al. (2016), pictures would be one of an effective means for disseminating the information that blending of different flavours along with citric acid adds a lighter taste to diet coke. On the other hand, coke zero has sodium nitrate. Target audience Womenare one of the important targets for the diet cokes, as they are the ones who are health conscious. As compared tomen, women prefer something, which has low calorie and would help them to keep their weight in control (Gertner and Rifkin 2018). Countering this, men are now looking for healthy options in beverages.Working peopleare also the targets of Diet Coke. As they have a busy schedule, healthy choices like Diet Coke would energize them for the whole day (Coca-cola.com.au 2019). Opinions about the product In early 2016, Coca Cola introduced the strategy of One Brand, which encountered the conglomeration of all the branded products. Diet Coke was an integral part of this strategy. According to some of the customers, the new tall cans of the diet coke are flimsy and can e easily crushed. The diet coke gets warm easily and tastes like water is down. Others
5 MARKETING are of the view that diet coke has a filthy after taste, which degrades its brand loyalty. The alterations in the labelling are a new attraction among the customers. Sweetness and refreshment is one of the liking factors. As a matter of specification, the taste has become subtle and very sweet, which is not acceptable to some of the customers (Manser, Peltier and Barger 2017). For some of the customers, variation in the packs of diet cokes makes it unique among the beverages. Diabetic people think that sugar free content assisted me to prefer it as the best choice in the drinks. Diet Coke has acted assistance in losing weight for some of the customers. As a matter of specification, it has helped in gaining control over the sweet cravings (Baldwin, Freeman and Kelly 2018). What is expected from the target audience and the necessary actions The target audience are expected to post their views on the diet coke and the innovations within it. For this, they can use the social media. This approach would be an effective means for expanding the customer base. The comments and the reviews posted by the customers would help the staffs to make specific changes in the flavours, packaging and prices of the Diet Coke for developing customer oriented business (Coca-colacompany.com 2019). Most of the target audience prefer personalized materials. So they need to be served withtailormadeproducts,forexample,labelledcansofdietcokes,whichcontain information about the calorie intake. Posting this information with an image in the social media and website is an added advantage.
6 MARKETING Fig: Information label of Diet Coke (Source:Coca-cola.com.au 2019) Innovation is one of the other aspects, on which the customers depend. They are expected to provide their valuable opinions to the brands, so that specific changes can be made according to the requirements. For example, introducing sleek cans have added sophistication to the packaging of the diet cokes. Earlier, the cans were slim and were available in the flavours of ginger lime and feisty cherry (Coca-cola.com.au 2019).
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7 MARKETING Fig: Innovations in the cans of Diet Coke (Source:Cnbc.com 2019) If these images are uploaded on the social media sites and the websites, the audience would get to know about the recent trends, which had been adopted for increasing the sales revenue and profit margin. Along with this, maintaining consistency in introducing new products and services would help in retaining the prospective clients and the customers. The customers are expected to extend their full cooperation for enhancing the standards and quality of the products. On the other hand, Coca Cola personnel need to ensure the customers that there data would be secured. For this, security cookies are policies are to be adopted.
8 MARKETING References Baldwin, H.J., Freeman, B. and Kelly, B., 2018. Like and share: associations between social media engagement and dietary choices in children. Public health nutrition, 21(17), pp.3210- 3215. Blakeman, R., 2018. Integrated marketing communication: creative strategy from idea to implementation. Rowman & Littlefield. Cnbc.com 2019.Coca-Cola CEO: We’re making Diet Coke cool again and here’s how we’re doing it. Available at:https://www.cnbc.com/2018/10/30/coca-cola-ceo-here-is-how-we-are- making-diet-coke-cool-again.html[Accessed on 31st August 2019] Coca-cola.com.au 2019.About us. Available at:https://www.coca-cola.com.au/en/home/ [Accessed on 31stAugust 2019] Coca-colacompany.com2019.OurConsumers.Availableat:https://www.coca- colacompany.com/stories/our-consumers[Accessed on 31st August 2019] Gertner, D. and Rifkin, L., 2018. Coca‐Cola and the Fight against the Global Obesity Epidemic. Thunderbird International Business Review, 60(2), pp.161-173. Luxton, S., Reid, M. and Mavondo, F., 2015. Integrated marketing communication capability and brand performance. Journal of Advertising, 44(1), pp.37-46. Manser Payne, E., Peltier, J.W. and Barger, V.A., 2017. Omni-channel marketing, integrated marketingcommunicationsandconsumerengagement:Aresearchagenda.Journalof Research in Interactive Marketing, 11(2), pp.185-197. Valos, M.J., Haji Habibi, F., Casidy, R., Driesener, C.B. and Maplestone, V.L., 2016. Exploringtheintegrationofsocialmediawithinintegratedmarketingcommunication