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Marketing Plan - Essay Example
Pages 10 (2510 words)
Marketing Plan: Hydra-Energy Shot Name of the Student University Table of Contents Table of Contents 2 Executive Summary 3 Situation Analysis 3 Marketing Strategy and Programs 10 References 13 Executive Summary This piece of the report is a marketing plan of Hydra-Energy Shot which is a new sports beverage…
Also, it is a sports drink which hydrates human body as well gives guaranteed additional 6 hours of energy for performing the daily activities. This marketing plan is meant to be effective only in the United States and as of now the company does not have any plans to operate in the overseas market. The study carried out a detailed analysis of the energy drink market of USA in order to get an idea of the business environment. The study revealed that the industry is fiercely competitive due to the presence of a large number of established players. However, Coca Cola being an established firm will get certain advantages in the market such as the brand identity and trust of consumers. The short term objective of the company is to create awareness of the product and achieve 2-5% of the market share by the end of the 1st year. In order to achieve it, the company has been strongly recommended to use a variety of promotional techniques and pursue a competitive pricing strategy. In addition, intensive distribution and entering into a treaty with sports companies has also been recommended. Situation Analysis Before the launch of a new product in the market, it is essential to perform a thorough analysis of the external business environment of a country. In addition, the industry in which the business will operate also needs to be assessed. ...
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