Strategic Marketing Plan For Red Bull - Essay Example

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Strategic Marketing Plan For Red Bull

Summary of the task The study aims towards designing a marketing plan for Red Bull. Background Red Bulls is a twenty five years old company that has been selling energy drink. In the year 1980, Dietrich Mateschitz founded Red Bull, inspired by a functional drink originated from Far East. He created the energy drink and promoted it through a unique marketing concept. In its early days it was sold in the home market of Austria but today Red Bull is sold in more than 165 countries. Red Bull is not only a new product but has given birth to a totally new category of product. Today Red Bull has sold more than 35 billion cans (Red Bull GmbH, n.d.). Outline The marketing plan of Red Bull covers the following Product: Non-caffeine drinks for the kids and other people who do not drink for energy purpose. Place: Designing an expansion plan through which the company can operate in other geographical areas. ...Show more

Summary

Strategic Marketing Plan for Red Bull Table of Contents Introduction 3 Summary of the task 3 Background 3 Outline 3 Strategic Marketing Plan 4 Marketing Audit 4 Internal analysis 5 Strength 5 Weakness 6 External Analysis 6 Opportunities 6 Threat 7 Competitor analysis 7 SMART Marketing Objectives 8 Strategy 8 Expansion and diversification 9 Marketing initiative 10 Cost Reduction 11 Segmentation, Targeting and Positioning 11 Evaluation of Success 12 Ethical Issues 13 Reference List 14 Appendix 16 Introduction For a successful business a marketing plan plays a major role…
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