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Heineken case study summary
Marketing strategies in a global environment
Marketing strategies in a global environment
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Executive Summary
Heineken N.V, a long with tradition, superior quality and taste, has been perceived differently from market to market. With the finding of common perceived values of Heineken brand across all markets through Project Comet and Mosa, the company should pursue a global branding strategy. To do so, Heineken should build compelling ICM strategies and provide a 'platform' that is flexible enough to handle the branding for local marketers. It should have both centralization and decentralization marketing organizational structure to promote successfully a global brand and to support local marketing managers in setting and implementing ICM strategies tailored to each local market.
Situation Analysis: Heineken N.V is a well-know, renowned brewery with essential strengths (Appendix-1) to be a global brand. However, at this moment, brand perception is different across the countries. Though Heineken had consistently been marketed as a premium brand, in the US and Hong Kong market, a distinct image was established for special occasion rather than for daily consumption while in Latin America, Heineken is viewed as a European imported beer among others. While project Comet and Mosa strive to establish, gauge Heineken's global brand identity and communication, the real test lies for Heineken to sustain its market lead & reputation in its neighboring European Union which by far is the largest contributor to its sales. Project Comet proves that the brand’s good taste image is built on 5 core brand values: taste, premiumness, tradition, winning spirit and friendship. Project Mosa finds that premium beer tightly relates friendships and important relations which are built based on enjoyable, joyful, personal, luxury social conditions such as meeting people, fancy meals, savoring, elegant parties, intimate moments and places etc (Exhibit 7). The friendship value would be presented in several social conditions through “true friends” and “consumers can count on Heineken as a friend” expressions. The taste would be built on 5 brand values: taste experience, balanced taste, foam, advertising and packaging (Exhibit 6). The taste expressions can be presented in quality and tradition values but should not be presented in brand vision because the research result shows the negative perception in brand vision.
Important Issues: A global brand is needed to provide relevant meaning and experience to people across multiple societies. To do so, the brand strategy needs to be devised that takes accounts of brand's own capabilities and competencies, the strategies of competing brands, and the outlook of consumers experience in their respective societies.
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...
Heineken’s number one position depends on the number of markets they are present with their products. Local markets are important but the international markets will provide more opportunities to grow.
The Red Bull drink that was first sold in Austria in 1987 has been successful over the last twenty-nine years, by representing the success of a marketing timing strategy. This product that is sold in more than 169 countries (Red Bull, 2016), the caffeinated formula uses marketing that is geared towards a younger audience. The target audience is looking to move away from drinks such as soda. When the product was launched it was a completely new item and found itself in a category of its own. This case study will utilize a four step analysis framework; the first step is to analyze the current situation; secondly, the core elements should be analyzed and recorded; third step is to formulate, evaluate, and record the alternative courses of action;
Throughout the International Marketing course there has been an exploration of ideas, concepts, and strategies that one may not notice until they become apart of a companies pivotol marketing team. With my observation of a variety of major corporate companies and brands, I have been able to understand why companies brand and market in a certain fashion. The companies I will be completing a case study on is Abercrombie, Netflix, and A Time for a Unified Campaign. After placing myself into the role of marketing manager, I have been able to explore the multitude of aspects in which a brand can be marketed.
Turning Heineken into a global brand is needed to provide a unique and similar to experience to people across different countries and in different societies. To create and foster global brand development we must take into account the current stage of development in each region and country. In developing markets such as Africa and Eastern Europe a pushing strategy is desired. In established markets such as North and Central Europe, North A...
Distinguishing one product from another depends on the target market’s ability and in turn the success of any business or consumer product (Lamb, Hair & McDaniel 2009). In the marketing industry and the business world, brand is defined as “a name, term, design, symbol, or any other feature that identifies one seller’s good or service as distinct from those of others.” (Bennett, P.D., 1995). Brands are a common part of marketing and they serve as value to consumers. Brands also give firms a competitive edge over another and a certain leverage over its customers.
There are many definitions of the term brand that are significantly different. Some definitions are based on the brand as a determinant of visual corporate identity of the company. Thus, the definition of the American Marketing Society perceives brand as “the name, term, design, symbol, or other feature that distinguishes one seller's product from those of others.” Visual identity is certainly important, but not the only aspect of the brand. It is a new dynamic experience of the product, which is created in the mind and emotions of consumers. In today's competitive environment, brand can be defined as “a set of expectations, memories, stories and relationships which, integrated, influence customers´
Pick a local (city, region, or country) brand that has been very successful competing against the bigger global brands in its product category. What are the elements of its strategy that have enabled it to achieve this success? Be prepared to discuss and defend your list of elements with your classmates. Each business has an identity that conveys messages to the consumer about the quality, benefits and values of the product. A brand is defined as a combination of element that consumers use to identify a product.
The first step for Pepsi Cola to undertake is to generate ideas for the new product. There are many different alternative ideas available to help Pepsi through this process. They shoul...
Developing a global brand largely depends on the brands’ ability to explore fresh avenues and to sustain its competitive advantages in terms of economies of scale and productivity. A global brand is one which is perceived to reflect the same set of values around the world. A global brand removes the national barriers and linguistic blocks while marketing internationally.
In today’s society, fast pace and “on the go” are the foundation for many products that we as consumers purchase every day. The energy drink industry especially has taken on this mindset with its caffeinated drinks to boost energy throughout the day. However, Red Bull has redefined the energy drink market to its own advantage as its founder, Dietrich Mateschitz, says, “If we don’t create the market, it doesn’t exist” (p. 2). Red Bull’s marketing strategies, well executed distribution, and packaging design have created differentiation factors amongst the company; setting it apart from its competitors and allotted for the company’s success since its launch in 1987.
Guo, X. (2013). Living in a Global World: Influence of Consumer Global Orientation on Attitudes Toward Global Brands from Developed Versus Emerging Countries. Journal Of International Marketing, 21(1), 1-22. doi:10.1509/jim.12.0065
Global brand is another term marketer’s use. Global brand is the name of the product that has worldwide recognition. It also has been referred to brands where at least 20 percent of the product is sold outside the region and the home country. Marketers have to make sure that there is nothing offensive in terms of the name or packaging in the different cu...
A comprehensive brand strategy can be broken down into few essential components that can help your company to sustain in the marketplace for years.
Brand offers superior quality of the service to the customer’s expectation and satisfaction. Furthermore, people are much attached to the branded products, as majority of the people purchase the branded products with the belief that brands show their status and life style in the society. And also because they believe that they are purchasing quality when purchasing branded product. As duration of stay creates impact of brand on consumer behaviour, so verification of brand image, brand loyalty and personality should be considered as the significant factors in this regard. It can also be said that there is need to improve the product of a particular brand so that the impact of brand on consumer behaviour is more effective in comparison to the existing scenario. The study also reflects that the product features are very essential for consumers. Advertising plays a very important role in achieving growth for any product or brand. The right media for advertising products and services should be chosen to gain customer attention.