Principles Of Marketing Short Narrative Essay Example

mate is used in teas and some energy drinks (Smith, 2010).

Leveraging the brand equity and profitable energy drink market, Lipton can extend its product range to energy drink for higher consumer sales and enhanced profitability (Kettle, 2010). . Product innovation Name: Impulse Size: ml Flavor: comparable to other energy drinks Target group: young adult consumers, especially 18-45 males Target market: the United Kingdom Packaging: leverage off brand strength of natural ingredients and labeling to communicate with consumers Product differentiation: natural drink Energy drinks such as Red Bull, Rock Star and Monster are designed to Offer the consumer an extra burst of energy by the combination of stimulants, including caffeine, terrine and acculturation (Horned & Renee, 2000).

However, "the toxicity from caffeine overdose is being reported to hospitals and poisons centers" (Ganja & Brown, 2012, pep). The healthy issue is concerned by the consumers. Accordingly, adopting year mate and no affine, Impulse would be advertised as a healthy drink, which is a point of difference (POD).

"Has a better understanding of the market, proven to be essential for profit growth Has extensive resources which reduce the relative cost and risk of new product development Established brand names can be used to rant legitimacy to new emerging markets" Jackson et. Al. 2000, IPPP) Strong market association to natural ingredients.Impulse is a new entrant into energy drink Limited product portfolio for flavors and packaging No sugar free option to address health concerns of the market (Finnegan, 2003)

The major energy drinkers are the youth who are willing to try new products so they are easily reached by marketing strategies Drinking energy drink is a defining trend for modern youth culture

Leverage off the existing brand personality, including the natural ingredients, which can be used to fraternity Impulse against competitors in energy drink category (Liana & Lee, 2010).

The reads New entrants into Fast Moving Consumer Goods (FMC) sector which exists fierce competition: Leading brands such as Red Bull, Monster and Rock Star Start-up businesses like Cocaine and Hemp. They have financial support by multinational companies which are hoping to access the growing energy drink market (The Communications Council, 2009) Indirect competitors come from other non-energy beverage companies such as Pepsi and Struck coffee as consumers may consider them as alternate.

Potential political intervention to increase controls on energy drink market 6. New product development objectives Short term Set up Impulse and link to product category, ensuring the brand grows in parallel with the energy drink category See a marketing mix that communicates to the target segments which purposively different from other competitors.