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Questionnaire data collection and analysis
Brand features of coca cola
Questionnaire data collection and analysis
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Marketing for a New Coca Cola Drink
The Coca Cola Company requires ideas on the development of a new fizzy
Coca Cola Drink. It must utilise the flavours and styles of existing
Coca Cola Fizzy Drinks, but capture a currently untapped or
unfulfilled market segment.
You need to consider the current market, find a suitable segment and
develop a marketing strategy for your idea.
Market research -
Identify the most appropriate sources of primary and secondary data
and consider which will provide you with the most effective
information.
Collect secondary data on the market including demographics, trends,
segments and competitors. Refer to the usefulness of marketing
information databases for this process.
Use primary sources of information (such as a survey using a
questionnaire) to help you come to a decision about your product.
Explain why you chose to use a particular method.
Consider the validity of the information you have gathered.
Summarise your findings clearly.
Marketing models -
Product Life Cycle
BostonMatrix
Ansoff's Matrix
Using these models, assess The Coca Cola Companies current portfolio
and consider a range of alternatives for the development of product
lines and markets.
SWOT and PESTAnalysis -
Assess The Coca Cola Company through the use of a SWOT analysis and
comment on the results of your findings.
Undertake a PEST analysis in order to gain an understanding of the
external environment in which The Coca Cola Company is operating.
Explain how these relate to the development of your strategy.
Marketing Mix -
Your findings should now enable you to develop a detailed marketing
mix for your chosen product.
What is the product (including packaging)?
What is the pricing strategy and are there alternatives?
Where is the place it will be sold (including distribution)?
What promotional mix will you use?
Evaluation -
Briefly summarise your strategy and identify some of the potential
problems that may occur if your idea was put into action.
Beverage giant Coca-Cola wants to get a little love for its iconic cola drink from the upscale consumer set, so its decided to create and test-market a sleek set of contoured aluminum bottles for its flagship Coke brand. Yes, we said aluminum bottles.
* Problems relating to the marketing- this involves dealing with questions which, will help you to understand better both your customers and other information about the marketplace (e.g. competitors’ products and services) Market research is necessary to all organisations because, without it they would not able to identify customer requirements as well as the activities of its competitors. Also, organisations such as, Cadbury Schweppes need to use market research to find out these information before; they can develop their marketing strategy. The use of market research Market research can be used for many purposes. It can be used to collect information about the market. Examples of information about the market include the following: analysing the market potential for existing products; forecasting future demands for existing products; assessing the market potential for new products; studying the market trends; analysing competitor’s behaviour and performance; and analysing the market shares.
Analysis of the Coca-Cola Company The Coca-Cola Company is the world's leading manufacturer, marketer and distributor of soft-drink concentrates and syrups. The Coca-Cola Company is the world's leading manufacturer, marketer and distributor of soft-drink concentrates and syrups. The Company markets many of the world's top soft drink brands, including Coca-Cola, Diet Coke, Sprite and Fanta. Through the world's largest and most pervasive distribution system, consumers in nearly 200 countries enjoy the Company's products at a rate of more than one billion serving a day.
Everyone enjoys a taste of fizzyness in their mouths, in other words, soft drinks, which are also known as “soda, pop, coke, soda pop or fizzy drink”, is a beverage that contains water, not always carbonated, it also contains sweetner as well as a flavoring agent. sweetner used in these drinks may be sugar, high-fructose corn syrup, fruit juice, in case of diet drinks it may have sugar substitues and a combination of all of these. Soft drinks may also contain caffine, colorings, preservatives and “other ingredients”.The high demand of soft drinks made me look into it and the company I chose to focus on for my case study is Coca-Cola. The reason I chose this company is because I find the logo and the font it uses quite intruiging. The curving of each of the letters used in the logo relate closely to the movement of art nouveau and for some of the background of the logo, it closely fits in with art deco as a movement. The simplicity of the logo appealed to me and as a result I chose to make Coca-Cola as my focal point. It is quite interesting as to how the brand had once started off and where it has come to now.
Market research can help a company like Apple excel by providing help with factors such as advertising, marketing, pricing, market trends, customers, competition among others. Effective market research can be so useful that apple could psychologically condition their customers to believe that they are in need of the product they are selling even if they can’t afford it or ever have need for it. The focus of marketing research is to collect data that is used to develop an effective marketing strategy. The gathered information is analyzed in efforts to gain market knowledge and eventually use to establish better relationships with that public for further penetration and development of financial gain within that market. In a nutshell the objectives of marketing research are as follows: Using an online database to collect information is the newest form of gathering primary research information, older processes included phone and postal mail to retrieve and process information. With an online survey data can be collected instantaneously and once completed the system can generate a customized coupon for the precipitant.
To give a short introduction to the circumstances affecting this case of Pepsi & Coca Cola it has to be said that in general it is not just simple for MNEs to invest and enter foreign markets as regulations and restrictions differ from coutry to country and hence ifluence international business negotiations to a great extend. Therefore MNEs investigating in foreign markets have to either adopt to those condition given by the host country government, which of course to a certain extend has to be negotiated as no one of those parties want to loose their maximum independence- or the MNE decides not to take further steps towards the foreign operation and leaves the feeld by assumingly – in turn – missing out a great opportunity, but this again depends on a complexity of economic and cultural reasons influencing international trade, which I will develop critically in the further case study of Pepsi & Coke in accordance to the following questions.
This will tell you the number of potential customers and whether they can actually afford the product. You can assess your product's potential customer base by analyzing secondary data, or data that already exists, such as demographic data collected by the United States Census Bureau on household demographics in each state. You may also decide to collect primary data, which is data you collect specifically to analyze the market potential of a product. Typical means of collecting primary data include telephone surveys using a random sample of households drawn that you believe match your target
The majority of firms that have engaged in the marketing concept are also partaking in some marketing research because of the benefits it brings to a company. Large corporations spend millions of dollars on marketing research, while the smaller companies. There are seven steps that are apart of marketing research process. Marketing research is the “planning, collecting and analyzing data that happens to be relevant to any type of marketing decision” (Lamb, 158). The main purpose for marketers to use the marketing research process is to improve the decision making process, and to improve customer service. These steps are to Identify and formulate the problem and or the opportunity present, plan the research design and gather secondary data, specify the sampling process, collect primary data, analyze the data, prepare and present the report, and following up on the research that was just conducted.
Pepsi's hope is to usher in a new era, and to give them a clear-cut advantage over their rival, Coca-Cola. By following closely the six steps of the new-product development process, the company could expect such benefits as: improved teamwork, less re-working, earlier detection of likely failure, and higher success rates. Rix, Peter, 2001, Marketing, A Practical Approach. Stage One: Generating New Product Ideas. The first step for Pepsi Cola to undertake is to generate ideas for the new product.
Market research is used to gather information about the marketplace. By using this data, the company decides what the local needs and tastes are, how the segmentation should be made and which segment gives priority to what features. According to the results the company launches new products or modifies their existing products for the given market.
As the world 's largest manufacturer and distributor of non-alcoholic beverages, Coca-Cola is certainly no stranger to global marketing. Established in the US, Coca-Cola initiated its global expansion in 1919 and now markets to more than 200 countries worldwide. It is one of the most recognizable brands on the planet and also owns a large portfolio of other soft drink brands including Schweppes, Oasis, 5 alive, Kea Oar, Fanta, Lilt, Dr Pepper, Sprite and PowerAde. Despite this, Coca-Cola often struggles to maintain its market share over its main rival PepsiCo in some overseas markets, particularly Asian countries.
Holistic marketing also incorporates social responsibility marketing and understanding broader concerns and the ethical, environmental, legal, and social context of marketing activities and programs. The business will tend to adopt ethical behavior in its marketing strategy and will ensure that proper and true information will be provided to the concerned parties(Homburg, Stierl & Bornemann 2013).
The Coca-Cola Company is the gold standard in the beverage industry and the largest seller of non-alcoholic beverages in the world (The Financial Canadian, 2017). Carbonated beverage sales have been dropping over the past 11 years with 2015 seeing a 4% decrease in total revenue and a 10% decrease in operating profit (The Financial Canadian, 2017). In short, many believed that Coca-Cola was on the decline, but this is not the case.
Coca Cola one of the most successful soda companies in the world went under attack by pranksters. In 2014, Coca Cola introduced a new slogan called “You’re on diet Coke” for their diet Coke drink. This slogan was a mistake for Coca Cola to make because when the drink was made back in 1886 it contained cocaine as one of the ingredients which was common back in the 19th century and the ad also started the parodies about their ad. The diet Coke ad started a lot of parody ads that Coke Cola wasn’t ready for. One of the first people who started the parodies was a blog named Animal. Animal modified the ad that Coca Cola made right after it was released to make fun of the Diet Coke ad. Many parodies were created like the TV commercial parody
Briefly it is a systematic design, collection, analysis, and reporting of data and findings relevant to a specific marketing situation facing the company, allows management to make the changes necessary for better results through adopting a proactive approach. Therefore, if a company wants to know what type of products or services would be profitable it should make a market research. Furthermore, a comprehensive research will enable the company to know about the product imperfections (if there are) and to know if it has been able to satisfy customers’ needs. It attempts to provide accurate information that reflects a true state of affairs. Due to market research the company can formulate a viable marketing plan and estimate the success of its existing plan. There are two main sources of marketing research information: