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Role of e commerce in a global economy
Explain the importance of e-commerce
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for sales. Red bull corporates with many distributors like Heineken, and Diageo to have many points of sales covering every region. Electronic Commerce: Strategy for the new Economy E-commerce (electronic commerce) is basically selling products with high enhancement in IT. It helps the company have better relationships with suppliers, partners and customers. The nine forms of e- commerce models: B2B C2B G2B B2C C2C G2C B2G C2G G2G B: Business C: Consumer G: Government Red bull, at the time being, uses only two forms of the e-commerce model. Red bull is an operating company/ business, that currently sells to either other businesses or to end consumers. For the B2B (business to business), Red bull sells its product(s) to many restaurants and cafes in different megacities in Egypt. As for the B2C (business to consumers), Red bull sells to end consumers via retailers and supermarkets. …show more content…
Those two methods are the most effective for Red bull. They continue to sell their products this way. Red bull is considered a commodity like products; it is the same product no matter where you buy it. Red bull has implemented a program for most universities in Cairo, called ‘Red bull universities’. This program targets customers in universities; the customers are mostly the same age with similar backgrounds. This program objects a vertical marketplace, as it targets customers of the same
Red Bull owner Dietrich Mateschitz commented, "The most dangerous thing for a brand is low interest." (Gschwandtner) Red Bull is currently available in over 165 countries, resulting in over 35 billion cans sold. (Red Bull) While many companies try to push their products on consumers, Mateschitz decided to take a more personal approach towards attracting consumers and influencing them to make his product stand out and become their first choice. Red Bull's owner states that most of its success came from bringing consumers to the product rather than the other way around. (Gschwandtner) With events in the industries of sport, music, art, technology and adventure, there is little the company does that is not interesting to just about everyone.
The energy drink over the years has been quite sustainable and really do not have any chances on taking a loss on revenue during anytime in the future. Companies like Red Bull, Monster, and Rock Star will always be in competition with one another. Some of the strengths of this industry is the status that all of the most prominent brands of energy drinks uphold to. They all use different branding and marketing techniques that distinctly separate them from each other. The energy drink industry has seen much growth over the last few years. While, they have seen much growth in their sales and gross profit this also contribute to the broad geographical presence they serve all around the world. Companies like Red Bull is currently being sold in about 167 countries and is still growing to expanding to a lot more (Red
It is taken for granted that Red Bull is one of the leading companies which is seeking for demanding and offering the best services and products in the field of manufacturing the soft energy drinks all over the whole world. Red Bull has a great opportunity in offering the high-quality products because it always seeking for attracting the great number of population among the world’s countries by applying the required strategies and policies which serve the common interest of the company and give the company the chance to expand its limits among the other competitors of the market who are competing strongly in the field of manufacturing energy drinks.
As stated in the case, “the market for energy drinks was growing; between 2010 and 2012, the market for energy drinks had grown by 40%. It was estimated to be $8.5 billion in the United States in 2013 [and] forecasts projected that figure to reach $13.5 billion by 2018” (pg 5). However, much of this market’s revenue -- 85% in fact -- is dominated by five major brands, while the remaining 15% is split between approximately 30 regional and national companies. (pg. 5). With this saturated market, it might not be best for Crescent Pure to enter as a completely new product to the industry, as there is the possibility that it will be squeezed out of the profit shares by more established brands -- especially if it is not properly secure in its identity. In addition, while the market for energy drinks appeared to be growing at an exponential rate compared to the market for sports drinks -- which increased only 9% in five years and would be at approximately 60% of the rate for energy drinks in 2017 (pg 6) -- the consumers appeared to be wary of partaking in the market for several reasons, which would potentially harm the reach of Crescent Pure. These concerns included rising news reports discussing the safety of energy drinks (pg. 5). Taking into consideration the data provided in the case that concerns reasonings of why consumers choose specific drinks over others, there
Coca cola has always dominated the markets outside United States unlike Pepsi’s internationalization strategy that took too long. Therefore, the long-term brand of Coca cola and better pricing strategies would help in competing with Pepsi. Unlike, Pepsi, Coca cola had targeted entering into partnership and alliances with local distributors and firms. This helps to develop strong relationship within the domestic firms to reduce the domestic barriers and thus, enhance the company’s competitiveness (Thabet, 2015). Lastly, the Asian markets consist of related and supporting industries to the soft drink industry that helps the companies in gaining a strong competitive position in the markets. Based on the competitive advantage of nation’s model, Coca cola has more home based advantages to develop a competitive advantage in relation to other countries on a global
Candidly, if there are any digital resources that have not been used by the company, they are few. Currently Red Bull has accomplished much in this area. In addition to the company’s familiar content on their webpage, it has released a feature film called “The Art of Flight”. (Mashable 2013) Red Bull also publishes a magazine which is also online called “The Red Bulletin”. The magazine delivers 2.7 million copies globally. (Foliomag 2013) The Red Bulletin is a lifestyle magazine covering topics of sports, music and gear review writings, yet it is modified to the perspective of its customers. (Foliomag 2013) In 2011 the company began campaigning season, that included a mobile racing game called Red Bull Augmented Racing. In this game, users are allowed to create their own tracks and race against global players on Red Bull’s
There are three basic human needs that Red Bull satisfies, physical, social and individual needs. ‘Human needs are states of felt deprivation… marketers do not invent these needs; they are a basic part of human makeup…People in industrial societies might try to find or develop objects that will satisfy their needs.’ (Kotler et al. 2006)
Background - RedBull was launched in 1987 by GmbH and was derived from a Thai drink KratingDaeng. Austria was the first place where Red Bull started its business in 1987.It started its business in Hungary in 1992 and the United states in 1997. These were the first foreign market for a Red Bull energy drink. Itsslogan “RedBull Gives You Wings” started in German...
Marketing includes all the effort of the business to sell its product in the market. It is defined as ‘a management process involved in identifying, anticipating and satisfying consumer requirements profitably’. Although the broad function of marketing is to trade products, it can as well help in identifying specific objectives for a firm. However, they may change according to the firm’s needs. In order to accomplish these targets, businesses sketch a set of plans. This tactics is known as marketing strategy. One of the main aspects of marketing strategies is to make consumers aware of the product. Businesses cumulate diverse promotion methods to assist this. Pepsi co is one such company which uses various promotion methods to market its range of products. The following essay will consider pepsi as a product, the different marketing strategies that it uses to gain recognition and analyze which scheme is the most effective one.
Red Bulls website sells a number of products besides there energy drinks. Red Bull sells team and event apparel, accessories, and Red Bull movies. It’s clear that Red Bull could market just about any product as long as that product lines up with the values of their target audience. Red Bull does not sell an energy drink they sell a lifestyle choice. This is what allows them to be so vestal in the market. Red Bull needs to continue to find new ways of reaching and create creative dialogue with its consumers. Red Bull is the industry leader throughout the world. Promotions and well targeted campaigns and sponsorship such as formula 1 helps to expand Red bull brand and increase consumer brand awareness. In Europe and the US. In 2003 it achieved
The beverage industry is highly competitive and presents many alternative products to satisfy a need from within. The principal areas of competition are in pricing, packaging, product innovation, the development of new products and flavours as well as promotional and marketing strategies. Companies can be grouped into two categories: global operations such as PepsiCo, Coca-Cola Company, Monster Beverage Corp. and Red Bull and regional operations such as Ro...
Coca Cola and Pepsi both use different marketing strategies to promote their companies. Starting with Coca-Cola, there is a significant emphasis on “one brand”. Coca-Cola has several flavors and options. The emphasis on one brand means that the customers should not have to seek anywhere else, because Coca-Cola has it all. The strategy extends the equity and iconic appeal of the world’s No.1 beverage brand to Coca-Cola light/ Diet Coca-Cola, Coca-Cola zero and Coca-Cola life. (Moye, 2016) If someone does not want caffeine, there is that option. If someone does want caffeine, there is also that option. The way that they are marketing their product is that they are showing that customers should look no further than
The Coca-Cola brand marketing include monitoring and control, situation analysis, objectives, marketing mix and the target market. The brand target market is not specified to a certain age group but there are several products that are produced for a special group of the population. For instance, the diet drink is specifically produced for the older people. Primarily, the brand advertisement focuses on the people around 13 to 24 years. The secondary market comprises of the 10 to 39 age group. The primary objective of the brand is to provide every customer with a drink to quench their thirst. The secondary objective is to increasing the value of the company and at the same time the shareholder’s wealth. The company has more than 300 beverages and the main one is coke. The drinks are packed in bottles of 2lts, 1.25lts, 600ml and 300ml. The company uses marketing strategies in the adverts so as to benefit from comparative advantage. One of the most commonly used strategies is product differentiation in response to the market demand. “The net profit increases with each new product brought in the market.” (Petretti,
Red Bull is one of the few companies in the world that I wholeheartedly believe has been able to completely identify itself with a lifestyle as well as a product. I understand that there are other companies out there that are associated with aspects
This competitive advantage has been rendered sustainable as other players have found it difficult to catch up with the company's competitive strategy. In spite of this clear advantage, it was noted that the company faces some challenges being the world leader in soft drink distribution. The canning and bottling of the product which is done in many countries have now fallen into the hands of independent companies, thus it becomes hard for a given company to control the quality of the packaging