This presentation provides a comprehensive analysis of the Red Bull brand, including SWOT analysis, PESTLE analysis, marketing mix, STP, and consumer self-concept. It also discusses the opportunities and challenges for the brand.
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Brand Report
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Introduction Red Bull was inspired by functional drinks from far east andfoundedbyDietrichMateschitzinmid-1980s.He successfully developed a new product along with marketing concept in order to launch Red Bull as an energy drink in Austria on 1 April 1987. It was a completely new project and born as an energy drink in order to attract consumers.
SWOT Analysis οStrengths: Some of the major strength of Red Bull includesits market dominance and the rapid growth of sales that Company is showing in Germany, Austria, eastern Europe and USA. The intensive marketing technique of company is using social media and sports in order to market its product which is also great strength for the organisation. οWeaknesses: Weaknesses of the organisation is the lack of variety due to which they could not fulfil all the requirements of customers. Also the product provided by them is very unhealthy along with its high price which is a weakness for Red Bull.
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Cont.β¦ οThreats: There are tough regulations on such drinks derived by government which is a threat for the organisation. Along with this the growing health consciousness of people isalready leading to a decrease in sales of the Red Bull. Along with this stiff competition inmarket is also one of the weakness for Red Bull. οOpportunities:Various opportunities for Red Bull includes the emerging market of Latin America and Asia Africa. Along with this they can introduce healthy products which will help in fulfilling the requirement of consumers those who are devoted towards their health. The engagement in sports can also help in building value for the organisation.
PESTLE Analysis οThere are a number of different factors in an economy that include the political stability. It is necessary that Red Bull is facing these factors so that they can successfully sell their products in the stabilised government of an economy. οThe economic factors affecting Red Bull includes the inflation rate, high cost ofraw materials, interest rate in the countries they are selling their products and so on.
Cont. .. οItisnecessarythatredbullistakingadvantageoftechnological advancement along with digital media in order to market their product. They can successfully make use of technological factors in order to bring benefits for themselves. οIt is often seen that there are a number of laws and regulations under food and regulation laws that are directing the energy drink company like Red Bull. It is necessary that Red Bull is meeting all the safety criteria is in order to successfully sell their products.
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Marketing Mix The marketing mix of red Bull help in analysing product, price, promotion and place for the organisation. οProduct strategy: Red Bull is successfully producing two products that is the natural Red Bull and the second option with a sugar-free drink. Both of these are produced differently and also available in different countries to serve the people from need of energy drink worldwide. οPricing strategy:There are a number of competitors available for the company in market.Still they have the market leadership as they are using competitive price strategy for their products. Under this they are providing premium product for their consumers in the best price possible.
Cont. .. οPlacestrategy:DistributionnetworkforRedBullisworldwide.Theyhave availability at locations like different convenience store, night clubs, bars, casinos and supermarkets. In this way they are successfully making their products available for the consumers at different locations. οPromotion:promotion strategy used by red bull or a major reason due to which the company is successful. They are using sports events in order to successfully promote their products and also sponsoring various teams in mountain biking, wind surfing, Formula One, skating and so on. In this way they are successfully promoting their products using new strategies of promoting through sports as well as digital media.
Contβ¦. οPlacestrategy:DistributionnetworkforRedBullisworldwide.Theyhave availability at locations like different convenience store, night clubs, bars, casinos and supermarkets. In this way they are successfully making their products available for the consumers at different locations. οPromotion:Promotion strategy used by red bull or a major reason due to which the company is successful. They are using sports events in order to successfully promote their products and also sponsoring various teams in mountain biking, wind surfing,
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STP οRed Bull have successfully determined its market through demographic segmentation. They have segmented their products on the basis of age, gender, income as well as occupation under demographic segmentation. They also use psychographic segmentation in which lifestyle, personality, location, loyalty and attitude towards the product is used. In order to conduct geographic segmentation they have focused upon areas, cityβs and regions. οFor targeting the geographic segment the organisation is successfully targeting the market of the different countries. The major demographic segment and target a teenager and college students who are from the age of 13 to 21. They are also targeting the working professionals from the age of 21 years to 35 years in order to successfully look for their potential consumers.
Consumer Self-Concept In consumer self concept it is necessary to fit the brand at a position for the consumer. When talking about Red Bull it is an energy drink which is not a necessity for a consumer. However it is usually considered to be a lifestyle product as a number of youngsters and working professionals are consuming it due to the peer pressure.
Conclusion With the help of the presentation it can be concluded that Red Bull is a energy drink which is consumed across the world. The consumers are enjoying energy drinks and the packaging successfully throughout the world. Also the organisation is fulfilling all its responsibilities towards the economy and natural environment which helps it in developing sustainably. There are a number of opportunities present in future for the organisation such as focusing on different emerging markets in order to expand their business.