Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Business and corporate level strategy
Corporate Strategy Formulation and Implementation
Corporate Strategy Formulation and Implementation
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Business and corporate level strategy
Summary
Monster Energy Drink is out of Corona, California where the official product started in 2002, which is owned and operated by Hansen Beverage Company. Within three years the product move up to the top of the standings for energy drinks.
Product
The product ingredient that make Monster Energy drink a leader in the ever-growing energy drink market are as follows, Caffeine, Inositol, L-Carnitine, Glucose (sugar), Guarana, Panax Ginseng, and Glucuronolactone. The ingredients product was produced in order to appeal to the younger generations, who desire a little boost in energy and alertness. Creating this beverage, Monster wanted to make the product accessible and affordable.
Prices
The company was only 4 percent away from the leading corporation in the market, by 2013, Monster was the second biggest brand in the market. In keeping the price of its products in a price range that is sensible and inexpensive toward the consumer.
Promotion
…show more content…
Monster has been the main sponsors in the Dew Action Sports Tour, the X-Games, and the Monster Energy Pipeline Pro. With being sponsors it helps Monster to build up their product so that athletes feel the edge they need over the competition. Found on monsterenergy.com it states: “Tear into a can of the meanest energy supplement on the planet, MONSTER energy. We went down to the lab and cooked up a double shot of killer energy brew. It’s a wicked mega hit that delivers twice the buzz of a regular energy drink. The MONSTER packs a vicious punch but has a smooth kick ass flavor you can really pound down. So when it’s time to unleash the beast within, grab a MONSTER and GO
energy drink. In effect, it will help to freshen the brand image as well as creating entry barriers against other competitors (McDonalds, 2007). This strategy will eventually lead to the increase in market share and customer base.
Having a large market share can be very helpful because companies earn more money to produce more. They also create brand loyalties even if they increase their prices. However, companies who have large market shares often times do not provide a lot of innovation. These companies usually feel they don’t need to get ahead because they hold such a big share in the market. This sometimes hurts their brand because when new products enter the market with cool features, consumer are likely to be engaged and
The 5-hour Energy drink is a drink that catches young adults and teens. By targeting the audience this ad/commerical catches the eyes because of the shot lables of how fast this product works and how is to be taken, and why have a good energy boost within 5 hours and the good idea of the amount of calories within this product.
The energy drink over the years has been quite sustainable and really do not have any chances on taking a loss on revenue during anytime in the future. Companies like Red Bull, Monster, and Rock Star will always be in competition with one another. Some of the strengths of this industry is the status that all of the most prominent brands of energy drinks uphold to. They all use different branding and marketing techniques that distinctly separate them from each other. The energy drink industry has seen much growth over the last few years. While, they have seen much growth in their sales and gross profit this also contribute to the broad geographical presence they serve all around the world. Companies like Red Bull is currently being sold in about 167 countries and is still growing to expanding to a lot more (Red
Gatorade is a reputable market leader in US sports drinks industry, thus being so broadly recognized is a top strength of the company. Gatorade's strong brand awareness and status amongst the masses and in the area of certified sports solidifies their grip on the market. This helps devalue the existing competitive brands such as Powerade; also restricting the new brands in the industry to flourish. Affiliations with professional athletes and teams is another top strength of Gatorade as a brand. This translates into a powerful value in terms of not only expanding their consumer base but also truly building the 'sporting element' of the brand. While celebrity endorsements help promote the Gatorade
It is taken for granted that Red Bull is one of the leading companies which is seeking for demanding and offering the best services and products in the field of manufacturing the soft energy drinks all over the whole world. Red Bull has a great opportunity in offering the high-quality products because it always seeking for attracting the great number of population among the world’s countries by applying the required strategies and policies which serve the common interest of the company and give the company the chance to expand its limits among the other competitors of the market who are competing strongly in the field of manufacturing energy drinks.
...e also sponsoring snowboarders. But instead of marketing toward extreme energy, they market toward being “not tired”. With this approach, Amp appeals more toward a slightly older audience and also to a calmer audience.
After PDB acquired Crescent Pure in July of 2013, its management team was faced with a decision when discussing how the product was to be marketed -- some felt that the drink’s energizing ingredients would make it a better fit as an energy drink, while others felt that its hydrating elements would make it a better fit as a sports drink (Quelch, Zalsoh 2014). Crescent Pure was founded in 2008, as founder Peter Hooper wanted “a drink that would refresh, energize and enhance mental focus” (pg 2). However, Crescent Pure will be PDB’s first entry in the U.S., sports and/or energy beverage markets; therefore, in discussing the
The energy bar market grew from a grass roots effort focused on the consumer base of performance athletes. These athletes usually obtained products at competitive events that were geared towards the everyday consumer. The build up of this market is attributed to PowerBar, but there was significant contribution from others.
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
You’re in the middle of the most intense workout of the season, your muscles are burning, you tired, sweating, and thirsty. What better thing to drink to than Gatorade? Gatorade is the official and favorite drink of many professional athletes in sports worldwide, and when Gatorade makes commercials or starts an ad campaign, it tries to garner the attention of athletes or people interested in sports, and with the Gatorade commercial I’ve chosen nothings different. This commercial for Gatorade drinks targets athletes of both, male and female of all ages, by appealing to their need for achievement, aggression, and domination. The commercial actually has two messages. The first one is one man’s dream is another man’s nightmare, and the second message is that by using Gatorade, it will help you train and get better.
Based on the website cspinet.org which is the Center for Science in the Public Interest publish on June 25, 2014 said that in documents obtained from the Food and Drug Administration show that since 2004, a total of 33 deaths have now been linked to energy drinks. Of those, 22 deaths have been linked to 5-Hour Energy, 11 deaths have been linked to Monster, and one death, a first, has been linked to Rockstar
Big global companies such as Coca Cola and Pepsi have introduced their own energy drink versions to their product base. Mother (by Coca Cola), Amp (Pepsi), V, Battery, 180, RedEye and Bennu being just some in the ever-growing energy drink market.
Before you drink another energy drink, please take into consideration what some of the ingredients are. “The large amounts of sugar in energy drinks can lead to unnecessary spikes in blood sugar, dental health problems, and added weight gain.” (Readers digest editors 1). “Compare it to a popular soda and you’ll find that often energy drinks contain even more sugar than a regular soda.” (Readers digest editors 1). Just one can of Monster contains over 50 grams of sugar. That’s almost a quarter cup of sugar! Very many health risks can result from ingesting that much caffeine and sugar in just a short amount of time. People who often drink energy drinks regularly see a decrease in the amount of sleep they get every night, which has an immediate and detrimental impact on focus and overall health for them. Energy drinks contain obscene amounts of caffeine, sugar and chemicals. A can of normal soda, like Coke or Dr. Pepper, ...
“The term energy drink refers to a beverage that contains caffeine in a combination with other ingredients such as taurine, guarana, and B vitamins, and that