A BRAND AUDIT Table of Contents Introduction: 3 Brand Inventory 6 Brand Elements: 6 Diet Pepsi and Pepsi Company Profile (appendix)– (To be added) 9 MARKETING MIX: 9 Product Characteristic and Attributes 9 Price 11 Promotion 12 Points of Parity and Points of Difference between Diet Coke and Diet Pepsi – (To be added) 15 Brand Exploratory 15 Brand Awareness 15 Brand Image 16 Interpretation of Brand Exploratory: 19 Introduction: No one thought a drink sold for five cents a glass at a pharmacy would grow up to be one of the most recognized brands in the world. On January 31, 1895 the Coca-Cola trade mark was registered and a mere two years later it had setup syrup plants in more than three different American …show more content…
Packaging The packaging of Diet Coke is not differentiated from that of Coca Cola original in any aspect but the color - to stress on the fact that it is just as good and tasty as Coca Cola, but lighter (that’s where the silver color plays its role). Diet Coke is available in all Coca Cola different packaging: in cans, bottles, as well as family size bottles. Slogan Since 1982, Diet Coke had 14 different slogans that revolved mainly around taste and lifestyle. The slogan “Just for the taste of it!" was their start off in 1982, however it kept making it back in the years 1986, 1995, and is also their current tagline. As mentioned earlier, these elements contribute to any product’s brand equity at almost every stage of CBBE model. This part will examine the how brand elements of Diet Coke and Diet Pepsi contribute to their different brand equities. At the stage of salience, Diet Coke’s name and logo increase the depth of brand awareness because it’s easy for people to recognize and recall it. Moving on to the performance stage, style and design are very important performance dimensions for many products. This is represented in the packaging of Diet Coke which is the same kind of packaging (i.e. cans, bottles, and fountains) for all Coca Cola’s carbonated beverages. It is convenient, easy to use, and product
Many people know that coke is a huge worldwide name. Coke is not just partners with Americas favorite past time, but swelled to much greater extents. The industry has not changed what coke is made off in many years, because they are known for originality. Many old adults now or senior citizens can even remember that coke as being in their childhood. Coke revolutionized soft drinks. It was one of the very first soft drinks. Since most people did not know that it was so sugary, because health labels were different from they are now, it turned out to be a huge addiction. I picked this quote because it made me think of how in advertisements coke can be associated to anything. To sports, cars, and even school. Most people would drink coke because they also think its an energy drink. I also picked this quote because I remember as I child I would love to drink coke. I thought it was the best drink know to man. Little did I know it was incredible addicted to the delicious carbonated drink. As a child I just thought I was craving it. But as I got older I started to see that sometimes when I
Coca Cola: their commercials leave some people heart broken, and others awe struck, but they leave everyone as future Coca Cola drinkers. Coke has inspired consumers with famous ads like the famous “Mean Joe Greene” 1979 Super Bowl commercial and the classic 1940s Coke ad supporting the war effort. Even today, they have continued to captivate all audiences with their current “Share a Coke” campaign. Coca Cola has always been the leader of the advertisement realm. They have mastered playing with our hearts and minds to convince us that Coca Cola is the product to buy. What has kept the Coca Cola Company at the forefront of the beverage business is their ability to woo potential buyers into buying their product
One of the biggest health problems that the United States is dealing with at the moment is obesity. Coke & Pepsi can be some of the major players to blame for the amount of sugar and acid in their products. Both companies have made strides to combat this issue, but then they fall back into their trap. For example, Pepsi came out with multiple lines of diet products to give those whom care about their health a substitute product. As it turns out in many studies the diet drink is almost worse than the standard drink. Coke came out with Vitamin Water, to give those whom wanted an alternative to water and Gatorade a healthy opinion to get your daily intake of vitamins. As it turned out, studies showed that the drink was pretty much sugar water. This issue needs to be addressed so that credibility is not fully lost. Below shows the negativity that surrounds the intake of soda.
In today’s society, many youths wished to be special and unique. They would love to have customized or personalized products. Taking these psychological factors into consideration, Coca-Cola put emphasis on personalization and bring a sense of ownership of the brand to its consumers. It also engages consumers and encourages them to share the special moments with their families and friends. As a result, Coca-Cola has successfully strengthened the emotional ties with its consumers by triggering their feelings.
The Coca Cola company is perceived to be the most famous trademark on the globe, and it is equally so. The company claims more than 400 brands that appeal to a wide range of individuals throughout the world. They are in a position to fulfill needs of every one of their buyers making their experience with their beverages a better one. The entity’s drinks entice a lot of people across all races, age, and gender. Coca Cola is outstanding for its overall popularity as its items are sold in over four hundred countries in the world, while major contenders like Pepsi are just available in very few countries. Such a competitive advantage has placed
Another important weakness is that the company’s products are seen as a major cause of obesity. (Melser, 2013) The beverage sales are affected by various factors including change in trends and preferences. Recently, beverage sales have fallen because of people’s increased preference for the health drinks. Around the world, obesity is a major problem and the Coca Cola products are seen as a major cause of obesity. As people are getting health conscious they are moving towards low calorie healthy drinks. This affects coca cola’s profitability and popularity. However, the brand can overcome this situation by increasing the number of low calorie products in its brand portfolio. It will need to add more healthy choices for its customers in its product portfolio.
Coca-Cola is the result of a patent medicine formulated in a small southern pharmacy over a hundred years ago. It has grown into a multibillion dollar international company. It also owns one of the most valuable brands in the world. Their Coca-Cola banner has won the world’s top brand 13 times on brand c-consulting firm Interbrand’s annual list (Fraser, 2012). In addition to its main product, Coke, the company owns over 3500 beverages. One of its core competencies is brand building. They have built their brand to have respectability and dependability. Their brand and logo are recognized all around the globe. It has actually become a new known on almost all households worldwide (RNWILKIN, 2009).
Coke Zero was initially sold in white cans and bottles. In the feedback from consumers, Coca-Cola researchers noticed a problem. The white packaging connoted diet drinks, and among the coveted young male demographic, diet connoted "female." The company quickly borrowed an idea from its Australian division and swathed Coke Zero in black. Within six months, the new marketing and packaging were in place, and the brand took off.
From the 20th century onwards, marketers realized that in order to increase consumer numbers products needed to become less industrialized and more specialised and personalised, which could be achieved by focusing specifically on consumer desires (Lury, 2011). Manufacturers are now spending more time and effort on the visual display and uniqueness of their products. As a result, our society has a vast range of commodities available to us, in every size, shape, colour, model, and flavour you can imagine to cater to every taste. The birth of Coca-Cola began in 1886 when Atlanta pharmacist Dr John S. Pemberton created a soft drink that could be sold at soda fountains. He made his own syrup flavour and mixed it with carbonated water at the local pharmacy, resulting in high praise from those in the community who tasted it. His partner and bookkeeper Frank M. Robinson invented the name “Coca-Cola”, and was also responsible for designing the distinctive cursive font. When it was first made, Coca-Cola was sold for 5 cents per glass, and in the first year Atlanta sold about 9 servings per day. Now, daily servings make about 1.9 billion dollars around the world (World of Coca-Cola, 2016). Because Coca-Cola was such a unique creation at the time, it was important that it also had a unique appearance to catch the attention of consumers. In 1916, idea of a contour bottle was conceived. The shape of it was so distinctive that it
Coca Cola has been part of popular culture for over 100 years and has been called a “Vision Brand“. Coca Colas “2020” vision is the reason why they continue to be the beverage market goliath. Their 15 year vision shows their commitment to profit growth, innovation, partnerships, the worldwide economy, their shareholders and their employees. Coca Cola’s marketing and communication is deliberate and connects with its audience in a way that makes it stand out from its competitors. Coke’s brand is respected and well known all over the world. For Coke, packaging has been a defining aspect of its essence and a key part of its engagement strategy. The uniquely shaped glass Coca Cola bottle and eye catching red and white colors will forever be the
While Coca-Cola has always operated using a marketing strategy that was traditional and in line with their longstanding culture, Pepsi has taken a different approach, even attacking Coca-Cola. Pepsi has begun to market itself as “hip”, “fun”, and “social”. They are sponsoring music festivals and targeting the younger crowd. In essence, Pepsi is trying to create a “cool” culture. Since brand loyalty and customer retention play huge roles in the beverage industry, it is important for Pepsi to find their identity and stick with it to ensure lifelong customers.
Coca-Cola has been around for generations with the same iconic taste, logo and symbolism. Its brand has represented family and the memories of good times, celebrations and comfort of being with those we love. Unfortunately, the company has not made good marketing decisions in the recent past and has lost relevancy. The purpose of this essay is to assess the conditions that created Coca-Colas marketing problems, evaluate the future of healthy beverages and non-carb drink brand extensions, and provide recommendations to the management.
-one brand. PepsiCo and Coca-Cola did so bytargeting various income levels around the world with visually-attractive, likeable products thatare affordably priced. The following synapsis reviews financial statements and balance sheets of both PepsiCo and Coco-Cola to provide accurate recommendations for improving the financialstatus of each. A brief discussion of the companies is followed by vertical and horizontalanalysis of their annual reports ending in recommendation.DiscussionIn the financial market Pepsi and Coke remain top competitors of one another, evenamong an extended list of other brands. A major concern for both of these companies is theirability to market, produce, and distribute across national boundaries of a single nation. Thisconcern has diminished over time as PepsiCo and Coca-Cola pushed
Nowadays coca cola is expending its Diet coke range to attract fitness lovers because it has vitamin B6, B12, Magnesium, Niacin and Zink. This is a try to increase the market for healthier drinks as to compete with the drinks with high amount suger
Coca Cola is constantly looking for new ways to make their packaging more sustainable. They are working towards a vision called ‘zero waste’. To advance this vision, Coca Cola designs consumer-preferred, resource-efficient packaging, eliminate waste to landfills and are using recycled and/or renewable materials.