When a brand becomes predominant in the market others try to emulate the leader (de Chernatony et al. 2011: 353). The competition assumes that their idea or strategy is right, so they imitate it with the goal of improving it- making it better (Reis 2014 11-12). However, better is a difficult concept to communicate to consumers and it does not always work (Reis 2014 11-12). Better, is a perception, as in asking if Coke taste better than Pepsi (Reis 2014 11-12)? The belief that something is better…
Historical background of Coca-Cola The history of Coca-Cola can be traced back to 1886 when an Atlanta pharmacist, Dr. John S. Pemberton, made the drink out of curiosity. He created a caramel-colored flavored liquid syrup, which is then mixed with carbonated water and took it to his neighborhood pharmacy. The new drink was regarded “excellent” and considered something special by the customers who sampled it. Frank M. Robinson who is Dr. Pemberton’s partner and bookkeeper was credited with the…
Coca- Cola is an international brand. It is a carbonated soft drink sold in different stores and restaurant. The Coca-Cola Company titles that it is sold in more than 200 countries. According to the occasions Coca Cola Company presented other cola drinks under the Coke brand name. The most shared of these is Diet Coke, Coca-Cola Cherry, Coca-Cola Zero, Coca-Cola Vanilla, and special versions with lemon, lime or coffee. Brand strategies of Coca-Cola: The brand strategy of Coca-Cola composed…
Introduction In 2002 Monster Energy Drink was launched by Hansen Beverage Company. Their slogan “Unleash the Beast” means if you drink Monster Energy, you are capable of anything. “Energy drinks are defined as soft drinks with energy-enhancing properties; mainly carbonated and containing stimulants such as caffeine, taurine, guarana, glucuronolactone, yerba mate, along with glucose syrup (corn syrup) and maltodextrin.” (MarketLine, 2016, p. 35) Before game time, many athletes believe drinking an…
Wrigley’s was best known for its stick gum brands and was responsible for broadening chewing gums overall appeal due to the development and advertising success of Wrigley’s iconic Spearmint, Juicy Fruit, and Doublemint brands. Even with all the success Wrigley had with stick gum, the growth within the gum industry overall is not large and pellet and tab gums were growing in popularity and offered larger margins for retailers. Wrigley’s attempt to enter the pellet and tab gum market through their…
1. Personally speaking, coming from a consumer’s point of view, I think that selling Coca Cola through interactive vending machines is a bad idea. Nonetheless, it is a good idea coming from the company’s standpoint. Even though conventional economic theory would say that it is wise for Coca Cola to execute price discrimination to increase market efficiency, dual entitlement theory says otherwise. Since consumers already have a reference price and firms have a reference profit they should stick…
Contrast Coke and McDonald’s global branding strategies. How are they similar and how are they different? Why are they so well-respected? Coca-Cola’ products are available in more than 200 countries. It’s the most well-known brand in the world, is consistently growing and has ranking as largest beverage company in the world. But it has been survived just because of its best global branding strategies. Currently, over 70% of its income is being generated by non-US sources. Macdonald is ranked…
Introduction On August 9th, 2000, Hellenic Bottling Company S.A and Coca-Cola Beverages Plc. joined together to form the CCHBC Group. This acquisition of Coca-Cola Beverages by Hellenic Bottling Company S.A caused it to become the second largest bottler in the world based on the sales volume. In 2013, the company made an effort to improve recognition and awareness among the global investor community by reorganising under a Swiss holding company with listing on the London Stock Exchange, FTSE 100…
As defined by the Cambridge Dictionary, subliminal advertising is the “advertising that uses images and sounds that the conscious mind is not aware of, in order to influence people and make them attracted to a product”. In 1957, James Vicary, a market researcher, claimed that he succeeded to increase Coke’s and popcorn’s sales, and therefore to influence consumers’ choices by using subliminal advertising. He announced that he placed the messages “Drink Coca Cola” and “Eat popcorn” in a movie.…
The tobacco industry is a multi-billion-dollar industry and is dominated by a handful of companies. The five leading tobacco companies of the world are China National Tobacco, Philip Morris International, British American Tobacco, Imperial Tobacco and Japan Tobacco. The combined profits of these companies are equivalent to the combined profits of Microsoft, Coca-Cola and McDonalds. These companies produce more than 6 trillion cigarettes each year and the global sale of cigarettes has increased…