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Marketing strategy gatorade
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The Gatorade Company has many competitive advantages over its competitors. Strategized operations are necessary to develop the company’s capacity to retain its market share, especially with the existence of new innovative competitors in the sports drinks market. With proper supply chain management, quality products, and focus on customer satisfaction, the company can easily realize its goals and objectives. However, this requires a good leader who can spearhead the development and implementation of the various strategies discussed.
The company’s dominance in the market and constant high sales over decades are a good indicator that its product life cycle is relatively high. However, the company has experienced a perpetual decline in its sales in the last few years. This has come, together with the increasing emergence of competitors producing similar products. Customers who seek rehydration in using the products are turning to trendier and healthier varieties offered by the company’s competitors (Kumar & Krob, 2005). Customers who seek to be energized are focusing on purpose specific products, which are more active. This includes energizing drinks, such as Monster and Red Bull. In response to these changes in consumer behavior, the company has changed its brands as fears of losing its market share escalate.
In an effort to retain its market share, the company recently reviewed its traditional slogans and advertisements. It adopted a modern culture and strategy of marketing its products where it rebranded the product as “G.” The company released a variety of products, such as Gatorade A.M and G2, which contains half the amount of calories (Black, 2012). More products followed, referred to as the G-series brands. The series includ...
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...claim the firm’s market share in the sports drinks market. This will enable the company to maintain long-term benefits and profitability.
Works Cited
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Kumar, S., & Krob, W. A. (2005). Managing product life cycle in a supply chain context: A prescription based on empirical research. Boston, MA: Springer Science+Business Media, Inc.
Lai, K., & Cheng, T. C. E. (2009). Just-in-time logistics. Farnham: Gower.
Lawrence, K. D., Klimberg, R. K., & Lawrence, S. M. (2009). Fundamentals of forecasting using Excel. New York, NY: Industrial Press.
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Gatorade sponsors many different franchises, players and associations, so its advertisements are always seen by many, so when they promote that their drinks are better than water for athletes during games and matches; one has to wonder if it actually is? Most of the time when something so big is advertised in TV commer...
Vonderembse, M.A. & White, G. P. (2013). Operations Management. San Diego, Ca: Bridgepoint Education, Inc.
Through this evidence, Gatorade is the most essential drink on the planet when it comes to revitalizing and replenishing the body. This is why top athletes in professional sports endorse and use this produce. The commercial for Gatorade ask “Is it in you?” Gatorade and other numerous sports drinks have become a very important part of today’s sports market, and it seems to be with good reason. Research has confirmed that for the most part, the claims made by companies such as Gatorade about the effectiveness of their sports drinks are true. Gatorade is a useful sports drink.
As stated in the case, “the market for energy drinks was growing; between 2010 and 2012, the market for energy drinks had grown by 40%. It was estimated to be $8.5 billion in the United States in 2013 [and] forecasts projected that figure to reach $13.5 billion by 2018” (pg 5). However, much of this market’s revenue -- 85% in fact -- is dominated by five major brands, while the remaining 15% is split between approximately 30 regional and national companies. (pg. 5). With this saturated market, it might not be best for Crescent Pure to enter as a completely new product to the industry, as there is the possibility that it will be squeezed out of the profit shares by more established brands -- especially if it is not properly secure in its identity. In addition, while the market for energy drinks appeared to be growing at an exponential rate compared to the market for sports drinks -- which increased only 9% in five years and would be at approximately 60% of the rate for energy drinks in 2017 (pg 6) -- the consumers appeared to be wary of partaking in the market for several reasons, which would potentially harm the reach of Crescent Pure. These concerns included rising news reports discussing the safety of energy drinks (pg. 5). Taking into consideration the data provided in the case that concerns reasonings of why consumers choose specific drinks over others, there
A lot of people think that Gatorade is the only drink that can give you back the energy that you lost on the field or court but it’s not the only drink. Gatorade, aimed at all athletes of all ages, has made an intensive campaign through our history. Gatorade has become a household name in America and has made its way into the popular culture. They have become an attached as a necessity to rehydrate a tired athlete. In one Gatorade advertisement where there was a lot of athlete’s player all different kind of sport and each of them are talking about what’s the secret to victory. And the background music is very motivating and in the video the beat of the music is in the right spot. At the end of the advertisement they show that Gatorade was part of victory. we realize that aside from the directive to change from drinking water as a source of rehydration to Gatorade, that the commercial targets factors like race and gender. The ad suggests that the only way you can evolve is with Gatorade in your system.
The beverage industry is highly competitive and presents many alternative products to satisfy a need from within. The principal areas of competition are in pricing, packaging, product innovation, the development of new products and flavours as well as promotional and marketing strategies. Companies can be grouped into two categories: global operations such as PepsiCo, Coca-Cola Company, Monster Beverage Corp. and Red Bull and regional operations such as Ro...
In recent studies sports drinks like Gatorade, PowerAde, and Muscle Milk have been proven not to be completely truthful about their nutritional value and the impact it will have on their consumers. These studies consist of an argument that water might overall be better than any of these drinks though water might taste bland it may be the best choice for athletes everywhere.
Ever since 1965 Gatorade has been one of the top selling energy drinks in America. Gatorade has come a long way since its start and is now the official drink of several professional sport leagues. The company brings in over three billion dollars worth of revenue every year mostly due to their skill in advertising which is a crucial part of a company of such magnitude and Gatorade is known for their persuasive commercials. In the commercial chosen, several stellar professional athletes give the viewers details of some of their greatest failures. This caused each of them to work harder and become the athlete they are today by training harder and making them more determined. The Gatorade commercial that was chosen is a very effective ad because
Zmuda, Natalie. "What's a Sport? Gatorade Redefines to Broaden Target." Advertising Age News RSS. AdAge.com, 12 Apr. 2010. Web. 24 Mar. 2014.
Companies utilize different marketing strategies to appeal to their target audience. The methods they use to market their products usually reflects the target audience’s preferences or needs. Gatorade was invented at the University of Florida in 1965 by a team of researchers. They discovered nutrients were not being replenished when the school’s football team competed and formulated a solution to the problem. Today Gatorade primarily targets athletic or physically active individuals, especially professional athletes. Over time, Gatorade has become one of the most popular and leading sports drink companies in the world. Many people recognize what Gatorade is and what they do to help individuals who need the extra replenishment so they can continue
Two thirds of the human body, including an athlete's body, is made up of water. Without water we can not live, nor would we exist. Water needs to be purified in order to be drinkable and safe for humanity. Most athlete's drink high quality purified water which promotes their hydration. Dehydration is the result of not having water in your body. This can lead to fatigue, headaches, joint pain and other uncomfortable states in the human body which would affect an athlete's performance. A human can not spend more than three days without having water, therefore an athlete that uses more water than a normal person would have a shorter period of time because of how quickly they use the water. The average tissue in your body is made up of 50 percent
Ferdows, K., Lewis, M., & Machuca, J. A.D., 2003. Zara. Supply Chain Forum: International Journal, 4(2), 62-66.
Slack, N., Johnston, R. and Brandon-Jones, A. (2011).Essentials of operations management. 1st ed. Harlow, England: Financial Times Prentice Hall.
Supply chain management has been defined as that process that involves the management of information, materials, and all the finances that are handled within and across the entire supply chain process (Christopher, 2016). The management is usually done through out the entire supply chain management from that moment when the suppliers are involved through all the manufacturing activities, different distribution activities, and the way that the products are served to the final product consumer (Turban, et al., 2002). The process also includes all the activities that different organizations offers to their customers as after sale services for purposes perfecting their services and products towards their highly valued customers (Christopher,
Experimentation with the new market for carbonated beverages on the decline coke has done experiments in new flavors and healthier alternatives to try to stay competitive. As well as investing in “Keurig Green Mountain is a K-Cup maker but has a new Keurig Cold that can deliver Coca-Cola through the new system.” (Cooper, 2014)