SlideShare ist ein Scribd-Unternehmen logo
1 von 10
New Product Launch Marketing Plan, Part II
Complete a market segmentation for your buyers. Only provide
data of the part that I have highlighted and bolded. No more
than 250 words. This assignment is a continuation from the
previous paper that I have attached.
· Introduction and Conclusion -
· Detail the target market profiles, key buying behaviors, and
decision motivators for your consumer and organizational target
markets -
· How you will manage each stage of the PLC and include
tactical plans for the Four Ps at each stage -
· Provide the product mix for your team's new offering (energy
drink) including features and benefits, branding, any other
products in its line -
· Provide product differentiating characteristics from
competitive or substitute products, packaging and labeling, and
warranties and guarantees -
· Create a new positioning statement for your product, and
provide justification for your new positioning strategy -
Running head: NEW PRODUCT LAUNCH MARKETING
PLAN, PART I
1
New Product Launch Marketing Plan, Part I
Mufuliat Adeseun, Sontisha Allison, Shelia Collins, Johanna
Curtis-Dancy, Latrina Saunders, and Emma Yearby
MKT/571
Heather Hanchak-Moss
February 24, 2014
New Product Launch Marketing Plan, Part I
The business industry today is very demanding as well as
competitive. Successful companies use different marketing
strategies and techniques to operate the business and launch
new products. Domestic and International marketing is a
technique companies use to introduce their products or services
to consumers around the world. PepsiCo is a company based in
the U.S. with a worldwide reach. When developing a new
product for consumers it is vital for the company to create a
marketing plan using the appropriate market segments that
identifies with consumers needs and wants.
Market needs for local and international markets
PepsiCo has low competition in its local market and the
customers are in need of products that are sensitive to sugar
levels and the energy drink will make the company succeed in
this type of market. In addition to the market needs, products
that are flexible and during various seasons, PepsiCo should be
able to change the product offered and the getup of the bottle
(Tsafarakis et al, 2011, p. 1254). The changes should be made
according to special offers or during special sports occasions.
PepsiCo has to consider the differences present in various
international markets and in markets having high temperatures,
the market demands coolers to handle the heat experiences
during summer. For the product launch to be success in the
international market, PepsiCo will need to complete a thorough
market research before introducing the product. Physical
environment such as climate and weather variations and cultural
and religious beliefs must also be put into consideration.
Market growth for local and international markets
The grow plan for PepsiCo’s energy drink begins with
determination of its market area, this involves knowing the size
of the local market and the key factors determining the ability
of people buying the energy drink is the availability of other
competitors. The next step involves creation of a profile for the
energy drink for the ideal customers who are young individuals,
people participating in various sports activities, and people with
weight problems (Liu, 2012, p. 628).
For the PepsiCo market to grow internationally, the plan must
identify countries that are potential business markets, these
countries provide an opportunity for PepsiCo to grow globally.
An in-depth screening will point out countries that make it as
viable markets for PepsiCo’s energy drink; this screening will
have all vital information including micro and macro-economic
factors (Cui et al, 2011, p 532).
SWOT Analysis
The following SWOT analysis will help PepsiCo discover what
it does well, could improve on, whether they are making the
most of the opportunities around them, and whether there are
any changes in the market that may require changes in the
business (Nickels, McHugh & McHugh, 2010).
Strengths
PepsiCo currently operates in more than 200 countries which
provide a diverse income sources. The company has a diverse
product portfolio that includes foods, snacks, and beverages
with annual revenue of over $66 billion which gives PepsiCo an
advantage over its competition that have limited product line
(“The Power” 2011).
Weaknesses
With the diverse portfolio of PepsiCo, branding is not obvious
and not easily recognized which is hurting the image of the
company. Also, PepsiCo is highly influenced by the business
strategies of Wal-Mart because approximately 18% of PepsiCo’s
North American net revenue is from sales to Wal-Mart (“The
Power,” 2011).
Opportunities
PepsiCo is expanding its operation in emerging foreign markets
like China and Russia. With the company’s purchase of Wimm-
Bill-Dann, PepsiCo is expected to increase annual revenue by
$5 billion (“Pepsi Absorbs,” 2011). The partnership with Theo
Muller, a dairy company will also increase revenue within the
next four years (Steinberg, 2012).
Threats
The seven years steady decline in carbonated drink sales will
have a negative impact on PepsiCo’s total revenue (Tomlinson,
2012). Also, domestic and International laws could have an
impact on how PepsiCo manufactures, distributes, and markets
its products (“The Power,” 2011).
Competition
PepsiCo faces a strong competition from The Coca-Cola
Company, its primary competitor in the beverage category.
These two companies have had a long history of rivalry since
the 1800s with Coca-Cola has a leader for most of the period
(Theodore, 2012).
Product Offering and Product Definition
To support the growing needs of our valuable customers
worldwide, Pepsi Co have decided to progress in our product
diversification. We are proud to announce our new product
“EDEN ENERGY”. The product is suitably prepared in
compliance with best standards for consumer health and energy.
It is enriched with all the essential organic ingredients of
energy products and is 100 % natural. The product is launched
worldwide in most of our currently operating markets in a
consumer suitable packing of 0.5, 1 and 1.5 Liters to be sold at
grocery stores and vending machines. Eden Energy is also
available in large bottles of 17 liters for use in household and
office dispensers and would be deliverable to consumers and
grocery stores.
Product Identification
PepsiCo’s new energy drink will have less sugar and more
vitamins that are essential for increased energy and weight loss.
PepsiCo is trying to offer a product that will create a positive
effect or at least help consumers get a jump start to a better
lifestyle both nationally and internationally.
Justification of Product
It is known that Vitamin B is essential to energy production and
synthesis in the human body. "Vitamin B1, or thiamine, breaks
down carbohydrates and proteins into energy." (Livestrong.com,
2013). For a consumer that does not get the proper nutrients,
this energy drink will help to create more energy and motivation
for more physical activity.
10-Question Survey
1. What is your daily consumption of energy drink?
(A) 3-4 Glasses
(C) 8-9 Glasses
(B) 5-7 Glasses
(D) More than 9 Glasses
2. How do you distribute your daily liquid intake? (Gisngeo,
2009).
%
Water
Energy Drinks
Beer/Wine/Spirits
Juice/Milk/Tea/Soda
3. How do you satisfy your energy intake?
(A) Over the Counter Supplements
(C) Vitamins
(B) Energy Drink
(D) Undecided/ No Answer
4. How would you describe the energy drink provided in your
workplace, school, and household?
(A) Healthy
(B) Not Healthy
(C) Injurious to health
(D) You never noticed
5. Do you regularly consume energy drink?
(A) Yes
(B) No
6. Of which size do you buy most of your energy drink (In
Liters)?
(A) 0.5
(C) 1.5
(B) 1
(D) Others
7. What do you look for in when purchasing one brand of
energy drink over another?
Yes
No
Undecided/No Answer
Price
Taste
Brand
Bottle's Capacity
Bottle's Shape
8. Where do you purchase most of your energy drinks?
(A) Vending Machines
(C) Others
(B) Grocery Stores
(D) Do not buy any
9. How much do you normally pay for energy drinks?
(A) $1.00-$5.00 (C) More
than $10.00
(B) $5.01-$10.00 (D) No
answer
10. Do you drink flavored energy drinks?
(A) Yes
(B) No
Conclusion
The benefits of the new energy drink have been demonstrated to
meet the needs of athletes and consumers wishing to lose
weight. This drink will help improve quality of life by
providing consumers with more energy. The market and
research team has determined that the pros will outweigh the
cons. The SWOT analysis identified PepsiCo’s current
strengths and weaknesses and also provided the marketing team
a clear view of obstacles and opportunities that may be
presented by competitors such as Coca-Cola that has been
PepsiCo’s long time competitor. PepsiCo has the capability of
successfully launching an energy drink based on consumer
needs and behaviors.
References
Cui, A. S., Zhao, M., & Ravichandran, T. (2011). Market
uncertainty and dynamic new product launch strategies: A
system dynamics model. IEEE Transactions on Engineering
Management, 58(3), 530-550.
Gisngeo, . (2009). Water Survey. Retrieved from
http://www.gisngeo.com/water/en.php
Liu, T., & Schiraldi, P. (2012). New product launch: Herd
seeking or herd preventing? Economic Theory, 51(3), 627-648.
Livestrong.com. 2013. Vitamins for Energy & Weight Loss |
LIVESTRONG.COM. Retrieved from
http://www.livestrong.com/article/280571-vitamins-for-energy-
weight-loss/
Nickels, W. G., McHugh, J. M., & McHugh, S. M. (2010).
Understanding Business (9th
ed.). New York, NY: McGraw-Hill/Irwin.
Pepsi Absorbs Wimm-Bill-Dann. (2011) Retrieved from
http://rt.com/business/news/pepsi-absorbs-wimm-bill-dann-333/
Steinberg, J. (2012, July 11). PepsiCo Expanding Its American
Portfolio With Dairy Products.
Retrieved from
http://seekingalpha.com/article/714491-pepsico-expanding-its-
american-portfolio-with-dairy-products
The Power of PepsiCo – 2011 Annual Report. (2011) Retrieved
from
http://www.pepsico.com/annual11/downloads/pep_ar11_2011_a
nnual_report.pdf
Theodore, S. (2012, August 13). Diet Coke Enters A New
Decade: The Carbonated Soft Drink
Brand Has Come A Long Way. Retrieved from
http://www.mintel.com/blog/diet-coke-enters-new-decade-
carbonated-soft-drink-brand-has-come-long-way
Tomlinson, S. (2012, March 3). Soda Sales Fall Faster As
Americans Turn To Healthier
Options. Retrieved from
http://www.dailymail.co.uk/news/article-2118291/Soda-sales-
fall-faster-Americans-turn-healthier-options.html
Tsafarakis, S., Grigoroudis, E., & Matsatsinis, N. (2011).
Consumer choice behavior and new product development: An
integrated market simulation approach. The Journal of the
Operational Research Society, 62(7), 1253-1267.

Weitere ähnliche Inhalte

Ähnlich wie New Product Launch Marketing Plan, Part IIComplete a market segm.docx

IntroductionTeam 9 Consulting will be working with Coca-Cola t.docx
IntroductionTeam 9 Consulting will be working with Coca-Cola t.docxIntroductionTeam 9 Consulting will be working with Coca-Cola t.docx
IntroductionTeam 9 Consulting will be working with Coca-Cola t.docxnormanibarber20063
 
Business research project
Business research projectBusiness research project
Business research projectAditya Purohit
 
Running head STEELNUTRIDRINK .docx
Running head STEELNUTRIDRINK                                   .docxRunning head STEELNUTRIDRINK                                   .docx
Running head STEELNUTRIDRINK .docxtoltonkendal
 
Pepsi-Cola Competitive Analysis
Pepsi-Cola Competitive AnalysisPepsi-Cola Competitive Analysis
Pepsi-Cola Competitive Analysiscraigdixon
 
Marketing PlanVita-Go, Inc., a division of PepsiCo1. Com.docx
Marketing PlanVita-Go, Inc., a division of PepsiCo1. Com.docxMarketing PlanVita-Go, Inc., a division of PepsiCo1. Com.docx
Marketing PlanVita-Go, Inc., a division of PepsiCo1. Com.docxinfantsuk
 
Business Cluster Final Project
Business Cluster Final ProjectBusiness Cluster Final Project
Business Cluster Final ProjectTayler Reid
 
Running head PEPSI VS. COKE CASE STUDY .docx
Running head PEPSI VS. COKE CASE STUDY                           .docxRunning head PEPSI VS. COKE CASE STUDY                           .docx
Running head PEPSI VS. COKE CASE STUDY .docxtoltonkendal
 
Senior Project Analyst Report
Senior Project Analyst ReportSenior Project Analyst Report
Senior Project Analyst ReportHubert Lo
 
Presentation Final!
Presentation Final!Presentation Final!
Presentation Final!craigdixon
 
Group presentation mkt dr pepper and snapple
Group presentation mkt dr pepper and snappleGroup presentation mkt dr pepper and snapple
Group presentation mkt dr pepper and snapplenoriz07
 
Comparative market analysis for sku system existing in retailers market for p...
Comparative market analysis for sku system existing in retailers market for p...Comparative market analysis for sku system existing in retailers market for p...
Comparative market analysis for sku system existing in retailers market for p...Priyansh Kesarwani
 
coca cola markting project
coca cola markting projectcoca cola markting project
coca cola markting projectAqsa Nawab
 
ANALYSING THE E&D PROGRAM BRAND PEPSI & ROLLING OUT THE AUDIT FRAMEWORK
ANALYSING THE E&D PROGRAM BRAND PEPSI & ROLLING OUT THE AUDIT FRAMEWORKANALYSING THE E&D PROGRAM BRAND PEPSI & ROLLING OUT THE AUDIT FRAMEWORK
ANALYSING THE E&D PROGRAM BRAND PEPSI & ROLLING OUT THE AUDIT FRAMEWORKArjun Bhalla
 
Financial statement analysis
Financial statement analysisFinancial statement analysis
Financial statement analysisSamuel Gibbs
 
A Continuation of Assignment #1 & 2You are the VP of Operation.docx
A Continuation of Assignment #1 & 2You are the VP of Operation.docxA Continuation of Assignment #1 & 2You are the VP of Operation.docx
A Continuation of Assignment #1 & 2You are the VP of Operation.docxransayo
 

Ähnlich wie New Product Launch Marketing Plan, Part IIComplete a market segm.docx (20)

W1005 ACCOUNTING ASSIGNMENT
W1005 ACCOUNTING ASSIGNMENTW1005 ACCOUNTING ASSIGNMENT
W1005 ACCOUNTING ASSIGNMENT
 
IntroductionTeam 9 Consulting will be working with Coca-Cola t.docx
IntroductionTeam 9 Consulting will be working with Coca-Cola t.docxIntroductionTeam 9 Consulting will be working with Coca-Cola t.docx
IntroductionTeam 9 Consulting will be working with Coca-Cola t.docx
 
Business research project
Business research projectBusiness research project
Business research project
 
Running head STEELNUTRIDRINK .docx
Running head STEELNUTRIDRINK                                   .docxRunning head STEELNUTRIDRINK                                   .docx
Running head STEELNUTRIDRINK .docx
 
Pepsi-Cola Competitive Analysis
Pepsi-Cola Competitive AnalysisPepsi-Cola Competitive Analysis
Pepsi-Cola Competitive Analysis
 
Marketing PlanVita-Go, Inc., a division of PepsiCo1. Com.docx
Marketing PlanVita-Go, Inc., a division of PepsiCo1. Com.docxMarketing PlanVita-Go, Inc., a division of PepsiCo1. Com.docx
Marketing PlanVita-Go, Inc., a division of PepsiCo1. Com.docx
 
MarketingPlanforBurstFinal
MarketingPlanforBurstFinalMarketingPlanforBurstFinal
MarketingPlanforBurstFinal
 
Business Cluster Final Project
Business Cluster Final ProjectBusiness Cluster Final Project
Business Cluster Final Project
 
Running head PEPSI VS. COKE CASE STUDY .docx
Running head PEPSI VS. COKE CASE STUDY                           .docxRunning head PEPSI VS. COKE CASE STUDY                           .docx
Running head PEPSI VS. COKE CASE STUDY .docx
 
Senior Project Analyst Report
Senior Project Analyst ReportSenior Project Analyst Report
Senior Project Analyst Report
 
Presentation Final!
Presentation Final!Presentation Final!
Presentation Final!
 
Coca cola 2
Coca cola 2Coca cola 2
Coca cola 2
 
Group presentation mkt dr pepper and snapple
Group presentation mkt dr pepper and snappleGroup presentation mkt dr pepper and snapple
Group presentation mkt dr pepper and snapple
 
Comparative market analysis for sku system existing in retailers market for p...
Comparative market analysis for sku system existing in retailers market for p...Comparative market analysis for sku system existing in retailers market for p...
Comparative market analysis for sku system existing in retailers market for p...
 
coca cola markting project
coca cola markting projectcoca cola markting project
coca cola markting project
 
TIM80CPhase2
TIM80CPhase2TIM80CPhase2
TIM80CPhase2
 
ANALYSING THE E&D PROGRAM BRAND PEPSI & ROLLING OUT THE AUDIT FRAMEWORK
ANALYSING THE E&D PROGRAM BRAND PEPSI & ROLLING OUT THE AUDIT FRAMEWORKANALYSING THE E&D PROGRAM BRAND PEPSI & ROLLING OUT THE AUDIT FRAMEWORK
ANALYSING THE E&D PROGRAM BRAND PEPSI & ROLLING OUT THE AUDIT FRAMEWORK
 
Financial statement analysis
Financial statement analysisFinancial statement analysis
Financial statement analysis
 
Coca Cola Vs. Pepsico
Coca Cola Vs. PepsicoCoca Cola Vs. Pepsico
Coca Cola Vs. Pepsico
 
A Continuation of Assignment #1 & 2You are the VP of Operation.docx
A Continuation of Assignment #1 & 2You are the VP of Operation.docxA Continuation of Assignment #1 & 2You are the VP of Operation.docx
A Continuation of Assignment #1 & 2You are the VP of Operation.docx
 

Mehr von henrymartin15260

NT2580 Week 1 Understanding IT Infrastructure Security An.docx
NT2580 Week 1 Understanding IT Infrastructure Security An.docxNT2580 Week 1 Understanding IT Infrastructure Security An.docx
NT2580 Week 1 Understanding IT Infrastructure Security An.docxhenrymartin15260
 
NTC362 Week 3OSI Model, Switching Systems, Network Channel Pr.docx
NTC362   Week 3OSI Model, Switching Systems, Network Channel Pr.docxNTC362   Week 3OSI Model, Switching Systems, Network Channel Pr.docx
NTC362 Week 3OSI Model, Switching Systems, Network Channel Pr.docxhenrymartin15260
 
NT2580 Week 4 Hardening a NetworkAnalysis 4.2Availability, In.docx
NT2580 Week 4 Hardening a NetworkAnalysis 4.2Availability, In.docxNT2580 Week 4 Hardening a NetworkAnalysis 4.2Availability, In.docx
NT2580 Week 4 Hardening a NetworkAnalysis 4.2Availability, In.docxhenrymartin15260
 
NTNU, May 2009 ntnu.nocbm 1 LEARNING AND MEMORY .docx
NTNU, May 2009 ntnu.nocbm 1 LEARNING AND MEMORY .docxNTNU, May 2009 ntnu.nocbm 1 LEARNING AND MEMORY .docx
NTNU, May 2009 ntnu.nocbm 1 LEARNING AND MEMORY .docxhenrymartin15260
 
nowHow to be Army StrongI was 18 years old when I saw my fa.docx
nowHow to be Army StrongI was 18 years old when I saw my fa.docxnowHow to be Army StrongI was 18 years old when I saw my fa.docx
nowHow to be Army StrongI was 18 years old when I saw my fa.docxhenrymartin15260
 
NR-351 Transitions in Professional NursingWebsite Evaluation T.docx
NR-351 Transitions in Professional NursingWebsite Evaluation T.docxNR-351 Transitions in Professional NursingWebsite Evaluation T.docx
NR-351 Transitions in Professional NursingWebsite Evaluation T.docxhenrymartin15260
 
Ntc 362 Week 2, Integrative Network Design Project , Part 1By Alucar.docx
Ntc 362 Week 2, Integrative Network Design Project , Part 1By Alucar.docxNtc 362 Week 2, Integrative Network Design Project , Part 1By Alucar.docx
Ntc 362 Week 2, Integrative Network Design Project , Part 1By Alucar.docxhenrymartin15260
 
NTHEMIND OF GREATCOMPANIESBy Scott BlanchardThe.docx
NTHEMIND OF GREATCOMPANIESBy Scott BlanchardThe.docxNTHEMIND OF GREATCOMPANIESBy Scott BlanchardThe.docx
NTHEMIND OF GREATCOMPANIESBy Scott BlanchardThe.docxhenrymartin15260
 
nR E E 693 5T o c o m p l e t e th i s e x a m y o u n.docx
nR E E 693 5T o c o m p l e t e th i s e x a m y o u n.docxnR E E 693 5T o c o m p l e t e th i s e x a m y o u n.docx
nR E E 693 5T o c o m p l e t e th i s e x a m y o u n.docxhenrymartin15260
 
NSG6001 Advanced Practice Nursing I Page 1 of 5 © 2007 S.docx
NSG6001 Advanced Practice Nursing I Page 1 of 5 © 2007 S.docxNSG6001 Advanced Practice Nursing I Page 1 of 5 © 2007 S.docx
NSG6001 Advanced Practice Nursing I Page 1 of 5 © 2007 S.docxhenrymartin15260
 
NR360 We Can But Dare We.docx Revised 5 ‐ 9 .docx
NR360   We   Can   But   Dare   We.docx   Revised   5 ‐ 9 .docxNR360   We   Can   But   Dare   We.docx   Revised   5 ‐ 9 .docx
NR360 We Can But Dare We.docx Revised 5 ‐ 9 .docxhenrymartin15260
 
ns;,eilrlt.lnterviewing is one HR function.docx
ns;,eilrlt.lnterviewing is one HR function.docxns;,eilrlt.lnterviewing is one HR function.docx
ns;,eilrlt.lnterviewing is one HR function.docxhenrymartin15260
 
NR443 Guidelines for Caring for PopulationsMilestone 2 As.docx
NR443 Guidelines for Caring for PopulationsMilestone 2 As.docxNR443 Guidelines for Caring for PopulationsMilestone 2 As.docx
NR443 Guidelines for Caring for PopulationsMilestone 2 As.docxhenrymartin15260
 
NRB Dec’99 1WHITHER THE EMERGENCY MANAGER 1Neil R Bri.docx
NRB Dec’99 1WHITHER THE EMERGENCY MANAGER 1Neil R Bri.docxNRB Dec’99 1WHITHER THE EMERGENCY MANAGER 1Neil R Bri.docx
NRB Dec’99 1WHITHER THE EMERGENCY MANAGER 1Neil R Bri.docxhenrymartin15260
 
Now, its time to create that treasure map to hide the treasur.docx
Now, its time to create that treasure map to hide the treasur.docxNow, its time to create that treasure map to hide the treasur.docx
Now, its time to create that treasure map to hide the treasur.docxhenrymartin15260
 
NR361 Information Systems in HealthcareInterview with a Nursing.docx
NR361 Information Systems in HealthcareInterview with a Nursing.docxNR361 Information Systems in HealthcareInterview with a Nursing.docx
NR361 Information Systems in HealthcareInterview with a Nursing.docxhenrymartin15260
 
NR360 Information Systems in Healthcare Team Technology Pr.docx
NR360 Information Systems in Healthcare Team Technology Pr.docxNR360 Information Systems in Healthcare Team Technology Pr.docx
NR360 Information Systems in Healthcare Team Technology Pr.docxhenrymartin15260
 
NR443 Guidelines for Caring for PopulationsMilestone 2 Assess.docx
NR443 Guidelines for Caring for PopulationsMilestone 2 Assess.docxNR443 Guidelines for Caring for PopulationsMilestone 2 Assess.docx
NR443 Guidelines for Caring for PopulationsMilestone 2 Assess.docxhenrymartin15260
 
Nowak Aesthetics, was founded by Dr. Eugene Nowak in 1999, in Ch.docx
Nowak Aesthetics, was founded by Dr. Eugene Nowak in 1999, in Ch.docxNowak Aesthetics, was founded by Dr. Eugene Nowak in 1999, in Ch.docx
Nowak Aesthetics, was founded by Dr. Eugene Nowak in 1999, in Ch.docxhenrymartin15260
 
NR305 Health Assessment Course Project Milestone #2 Nursing Di.docx
NR305 Health Assessment Course Project Milestone #2 Nursing Di.docxNR305 Health Assessment Course Project Milestone #2 Nursing Di.docx
NR305 Health Assessment Course Project Milestone #2 Nursing Di.docxhenrymartin15260
 

Mehr von henrymartin15260 (20)

NT2580 Week 1 Understanding IT Infrastructure Security An.docx
NT2580 Week 1 Understanding IT Infrastructure Security An.docxNT2580 Week 1 Understanding IT Infrastructure Security An.docx
NT2580 Week 1 Understanding IT Infrastructure Security An.docx
 
NTC362 Week 3OSI Model, Switching Systems, Network Channel Pr.docx
NTC362   Week 3OSI Model, Switching Systems, Network Channel Pr.docxNTC362   Week 3OSI Model, Switching Systems, Network Channel Pr.docx
NTC362 Week 3OSI Model, Switching Systems, Network Channel Pr.docx
 
NT2580 Week 4 Hardening a NetworkAnalysis 4.2Availability, In.docx
NT2580 Week 4 Hardening a NetworkAnalysis 4.2Availability, In.docxNT2580 Week 4 Hardening a NetworkAnalysis 4.2Availability, In.docx
NT2580 Week 4 Hardening a NetworkAnalysis 4.2Availability, In.docx
 
NTNU, May 2009 ntnu.nocbm 1 LEARNING AND MEMORY .docx
NTNU, May 2009 ntnu.nocbm 1 LEARNING AND MEMORY .docxNTNU, May 2009 ntnu.nocbm 1 LEARNING AND MEMORY .docx
NTNU, May 2009 ntnu.nocbm 1 LEARNING AND MEMORY .docx
 
nowHow to be Army StrongI was 18 years old when I saw my fa.docx
nowHow to be Army StrongI was 18 years old when I saw my fa.docxnowHow to be Army StrongI was 18 years old when I saw my fa.docx
nowHow to be Army StrongI was 18 years old when I saw my fa.docx
 
NR-351 Transitions in Professional NursingWebsite Evaluation T.docx
NR-351 Transitions in Professional NursingWebsite Evaluation T.docxNR-351 Transitions in Professional NursingWebsite Evaluation T.docx
NR-351 Transitions in Professional NursingWebsite Evaluation T.docx
 
Ntc 362 Week 2, Integrative Network Design Project , Part 1By Alucar.docx
Ntc 362 Week 2, Integrative Network Design Project , Part 1By Alucar.docxNtc 362 Week 2, Integrative Network Design Project , Part 1By Alucar.docx
Ntc 362 Week 2, Integrative Network Design Project , Part 1By Alucar.docx
 
NTHEMIND OF GREATCOMPANIESBy Scott BlanchardThe.docx
NTHEMIND OF GREATCOMPANIESBy Scott BlanchardThe.docxNTHEMIND OF GREATCOMPANIESBy Scott BlanchardThe.docx
NTHEMIND OF GREATCOMPANIESBy Scott BlanchardThe.docx
 
nR E E 693 5T o c o m p l e t e th i s e x a m y o u n.docx
nR E E 693 5T o c o m p l e t e th i s e x a m y o u n.docxnR E E 693 5T o c o m p l e t e th i s e x a m y o u n.docx
nR E E 693 5T o c o m p l e t e th i s e x a m y o u n.docx
 
NSG6001 Advanced Practice Nursing I Page 1 of 5 © 2007 S.docx
NSG6001 Advanced Practice Nursing I Page 1 of 5 © 2007 S.docxNSG6001 Advanced Practice Nursing I Page 1 of 5 © 2007 S.docx
NSG6001 Advanced Practice Nursing I Page 1 of 5 © 2007 S.docx
 
NR360 We Can But Dare We.docx Revised 5 ‐ 9 .docx
NR360   We   Can   But   Dare   We.docx   Revised   5 ‐ 9 .docxNR360   We   Can   But   Dare   We.docx   Revised   5 ‐ 9 .docx
NR360 We Can But Dare We.docx Revised 5 ‐ 9 .docx
 
ns;,eilrlt.lnterviewing is one HR function.docx
ns;,eilrlt.lnterviewing is one HR function.docxns;,eilrlt.lnterviewing is one HR function.docx
ns;,eilrlt.lnterviewing is one HR function.docx
 
NR443 Guidelines for Caring for PopulationsMilestone 2 As.docx
NR443 Guidelines for Caring for PopulationsMilestone 2 As.docxNR443 Guidelines for Caring for PopulationsMilestone 2 As.docx
NR443 Guidelines for Caring for PopulationsMilestone 2 As.docx
 
NRB Dec’99 1WHITHER THE EMERGENCY MANAGER 1Neil R Bri.docx
NRB Dec’99 1WHITHER THE EMERGENCY MANAGER 1Neil R Bri.docxNRB Dec’99 1WHITHER THE EMERGENCY MANAGER 1Neil R Bri.docx
NRB Dec’99 1WHITHER THE EMERGENCY MANAGER 1Neil R Bri.docx
 
Now, its time to create that treasure map to hide the treasur.docx
Now, its time to create that treasure map to hide the treasur.docxNow, its time to create that treasure map to hide the treasur.docx
Now, its time to create that treasure map to hide the treasur.docx
 
NR361 Information Systems in HealthcareInterview with a Nursing.docx
NR361 Information Systems in HealthcareInterview with a Nursing.docxNR361 Information Systems in HealthcareInterview with a Nursing.docx
NR361 Information Systems in HealthcareInterview with a Nursing.docx
 
NR360 Information Systems in Healthcare Team Technology Pr.docx
NR360 Information Systems in Healthcare Team Technology Pr.docxNR360 Information Systems in Healthcare Team Technology Pr.docx
NR360 Information Systems in Healthcare Team Technology Pr.docx
 
NR443 Guidelines for Caring for PopulationsMilestone 2 Assess.docx
NR443 Guidelines for Caring for PopulationsMilestone 2 Assess.docxNR443 Guidelines for Caring for PopulationsMilestone 2 Assess.docx
NR443 Guidelines for Caring for PopulationsMilestone 2 Assess.docx
 
Nowak Aesthetics, was founded by Dr. Eugene Nowak in 1999, in Ch.docx
Nowak Aesthetics, was founded by Dr. Eugene Nowak in 1999, in Ch.docxNowak Aesthetics, was founded by Dr. Eugene Nowak in 1999, in Ch.docx
Nowak Aesthetics, was founded by Dr. Eugene Nowak in 1999, in Ch.docx
 
NR305 Health Assessment Course Project Milestone #2 Nursing Di.docx
NR305 Health Assessment Course Project Milestone #2 Nursing Di.docxNR305 Health Assessment Course Project Milestone #2 Nursing Di.docx
NR305 Health Assessment Course Project Milestone #2 Nursing Di.docx
 

Kürzlich hochgeladen

The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxheathfieldcps1
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityGeoBlogs
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric  nursing HISTORY  COLLECTION  .docxpsychiatric  nursing HISTORY  COLLECTION  .docx
psychiatric nursing HISTORY COLLECTION .docxPoojaSen20
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfagholdier
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.christianmathematics
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxiammrhaywood
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.pptRamjanShidvankar
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxAreebaZafar22
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdfQucHHunhnh
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17Celine George
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfJayanti Pande
 
SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...
SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...
SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...KokoStevan
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactPECB
 
fourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writingfourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writingTeacherCyreneCayanan
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104misteraugie
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxVishalSingh1417
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfAyushMahapatra5
 
An Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdfAn Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdfSanaAli374401
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxDenish Jangid
 

Kürzlich hochgeladen (20)

The basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptxThe basics of sentences session 2pptx copy.pptx
The basics of sentences session 2pptx copy.pptx
 
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"Mattingly "AI & Prompt Design: The Basics of Prompt Design"
Mattingly "AI & Prompt Design: The Basics of Prompt Design"
 
Paris 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activityParis 2024 Olympic Geographies - an activity
Paris 2024 Olympic Geographies - an activity
 
psychiatric nursing HISTORY COLLECTION .docx
psychiatric  nursing HISTORY  COLLECTION  .docxpsychiatric  nursing HISTORY  COLLECTION  .docx
psychiatric nursing HISTORY COLLECTION .docx
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdf
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptxSOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
SOCIAL AND HISTORICAL CONTEXT - LFTVD.pptx
 
Application orientated numerical on hev.ppt
Application orientated numerical on hev.pptApplication orientated numerical on hev.ppt
Application orientated numerical on hev.ppt
 
ICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptxICT Role in 21st Century Education & its Challenges.pptx
ICT Role in 21st Century Education & its Challenges.pptx
 
1029-Danh muc Sach Giao Khoa khoi 6.pdf
1029-Danh muc Sach Giao Khoa khoi  6.pdf1029-Danh muc Sach Giao Khoa khoi  6.pdf
1029-Danh muc Sach Giao Khoa khoi 6.pdf
 
How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17How to Give a Domain for a Field in Odoo 17
How to Give a Domain for a Field in Odoo 17
 
Web & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdfWeb & Social Media Analytics Previous Year Question Paper.pdf
Web & Social Media Analytics Previous Year Question Paper.pdf
 
SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...
SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...
SECOND SEMESTER TOPIC COVERAGE SY 2023-2024 Trends, Networks, and Critical Th...
 
Beyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global ImpactBeyond the EU: DORA and NIS 2 Directive's Global Impact
Beyond the EU: DORA and NIS 2 Directive's Global Impact
 
fourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writingfourth grading exam for kindergarten in writing
fourth grading exam for kindergarten in writing
 
Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104Nutritional Needs Presentation - HLTH 104
Nutritional Needs Presentation - HLTH 104
 
Unit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptxUnit-IV- Pharma. Marketing Channels.pptx
Unit-IV- Pharma. Marketing Channels.pptx
 
Class 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdfClass 11th Physics NEET formula sheet pdf
Class 11th Physics NEET formula sheet pdf
 
An Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdfAn Overview of Mutual Funds Bcom Project.pdf
An Overview of Mutual Funds Bcom Project.pdf
 
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptxBasic Civil Engineering first year Notes- Chapter 4 Building.pptx
Basic Civil Engineering first year Notes- Chapter 4 Building.pptx
 

New Product Launch Marketing Plan, Part IIComplete a market segm.docx

  • 1. New Product Launch Marketing Plan, Part II Complete a market segmentation for your buyers. Only provide data of the part that I have highlighted and bolded. No more than 250 words. This assignment is a continuation from the previous paper that I have attached. · Introduction and Conclusion - · Detail the target market profiles, key buying behaviors, and decision motivators for your consumer and organizational target markets - · How you will manage each stage of the PLC and include tactical plans for the Four Ps at each stage - · Provide the product mix for your team's new offering (energy drink) including features and benefits, branding, any other products in its line - · Provide product differentiating characteristics from competitive or substitute products, packaging and labeling, and warranties and guarantees - · Create a new positioning statement for your product, and provide justification for your new positioning strategy - Running head: NEW PRODUCT LAUNCH MARKETING PLAN, PART I 1 New Product Launch Marketing Plan, Part I Mufuliat Adeseun, Sontisha Allison, Shelia Collins, Johanna Curtis-Dancy, Latrina Saunders, and Emma Yearby MKT/571 Heather Hanchak-Moss February 24, 2014 New Product Launch Marketing Plan, Part I The business industry today is very demanding as well as competitive. Successful companies use different marketing
  • 2. strategies and techniques to operate the business and launch new products. Domestic and International marketing is a technique companies use to introduce their products or services to consumers around the world. PepsiCo is a company based in the U.S. with a worldwide reach. When developing a new product for consumers it is vital for the company to create a marketing plan using the appropriate market segments that identifies with consumers needs and wants. Market needs for local and international markets PepsiCo has low competition in its local market and the customers are in need of products that are sensitive to sugar levels and the energy drink will make the company succeed in this type of market. In addition to the market needs, products that are flexible and during various seasons, PepsiCo should be able to change the product offered and the getup of the bottle (Tsafarakis et al, 2011, p. 1254). The changes should be made according to special offers or during special sports occasions. PepsiCo has to consider the differences present in various international markets and in markets having high temperatures, the market demands coolers to handle the heat experiences during summer. For the product launch to be success in the international market, PepsiCo will need to complete a thorough market research before introducing the product. Physical environment such as climate and weather variations and cultural and religious beliefs must also be put into consideration. Market growth for local and international markets The grow plan for PepsiCo’s energy drink begins with determination of its market area, this involves knowing the size of the local market and the key factors determining the ability of people buying the energy drink is the availability of other competitors. The next step involves creation of a profile for the energy drink for the ideal customers who are young individuals, people participating in various sports activities, and people with
  • 3. weight problems (Liu, 2012, p. 628). For the PepsiCo market to grow internationally, the plan must identify countries that are potential business markets, these countries provide an opportunity for PepsiCo to grow globally. An in-depth screening will point out countries that make it as viable markets for PepsiCo’s energy drink; this screening will have all vital information including micro and macro-economic factors (Cui et al, 2011, p 532). SWOT Analysis The following SWOT analysis will help PepsiCo discover what it does well, could improve on, whether they are making the most of the opportunities around them, and whether there are any changes in the market that may require changes in the business (Nickels, McHugh & McHugh, 2010). Strengths PepsiCo currently operates in more than 200 countries which provide a diverse income sources. The company has a diverse product portfolio that includes foods, snacks, and beverages with annual revenue of over $66 billion which gives PepsiCo an advantage over its competition that have limited product line (“The Power” 2011). Weaknesses With the diverse portfolio of PepsiCo, branding is not obvious and not easily recognized which is hurting the image of the company. Also, PepsiCo is highly influenced by the business strategies of Wal-Mart because approximately 18% of PepsiCo’s North American net revenue is from sales to Wal-Mart (“The Power,” 2011). Opportunities
  • 4. PepsiCo is expanding its operation in emerging foreign markets like China and Russia. With the company’s purchase of Wimm- Bill-Dann, PepsiCo is expected to increase annual revenue by $5 billion (“Pepsi Absorbs,” 2011). The partnership with Theo Muller, a dairy company will also increase revenue within the next four years (Steinberg, 2012). Threats The seven years steady decline in carbonated drink sales will have a negative impact on PepsiCo’s total revenue (Tomlinson, 2012). Also, domestic and International laws could have an impact on how PepsiCo manufactures, distributes, and markets its products (“The Power,” 2011). Competition PepsiCo faces a strong competition from The Coca-Cola Company, its primary competitor in the beverage category. These two companies have had a long history of rivalry since the 1800s with Coca-Cola has a leader for most of the period (Theodore, 2012). Product Offering and Product Definition To support the growing needs of our valuable customers worldwide, Pepsi Co have decided to progress in our product diversification. We are proud to announce our new product “EDEN ENERGY”. The product is suitably prepared in compliance with best standards for consumer health and energy. It is enriched with all the essential organic ingredients of energy products and is 100 % natural. The product is launched worldwide in most of our currently operating markets in a consumer suitable packing of 0.5, 1 and 1.5 Liters to be sold at grocery stores and vending machines. Eden Energy is also available in large bottles of 17 liters for use in household and office dispensers and would be deliverable to consumers and
  • 5. grocery stores. Product Identification PepsiCo’s new energy drink will have less sugar and more vitamins that are essential for increased energy and weight loss. PepsiCo is trying to offer a product that will create a positive effect or at least help consumers get a jump start to a better lifestyle both nationally and internationally. Justification of Product It is known that Vitamin B is essential to energy production and synthesis in the human body. "Vitamin B1, or thiamine, breaks down carbohydrates and proteins into energy." (Livestrong.com, 2013). For a consumer that does not get the proper nutrients, this energy drink will help to create more energy and motivation for more physical activity. 10-Question Survey 1. What is your daily consumption of energy drink? (A) 3-4 Glasses (C) 8-9 Glasses (B) 5-7 Glasses (D) More than 9 Glasses 2. How do you distribute your daily liquid intake? (Gisngeo, 2009). % Water
  • 6. Energy Drinks Beer/Wine/Spirits Juice/Milk/Tea/Soda 3. How do you satisfy your energy intake? (A) Over the Counter Supplements (C) Vitamins (B) Energy Drink (D) Undecided/ No Answer 4. How would you describe the energy drink provided in your workplace, school, and household? (A) Healthy (B) Not Healthy (C) Injurious to health (D) You never noticed 5. Do you regularly consume energy drink? (A) Yes (B) No 6. Of which size do you buy most of your energy drink (In Liters)? (A) 0.5 (C) 1.5
  • 7. (B) 1 (D) Others 7. What do you look for in when purchasing one brand of energy drink over another? Yes No Undecided/No Answer Price Taste Brand Bottle's Capacity Bottle's Shape 8. Where do you purchase most of your energy drinks? (A) Vending Machines (C) Others (B) Grocery Stores
  • 8. (D) Do not buy any 9. How much do you normally pay for energy drinks? (A) $1.00-$5.00 (C) More than $10.00 (B) $5.01-$10.00 (D) No answer 10. Do you drink flavored energy drinks? (A) Yes (B) No Conclusion The benefits of the new energy drink have been demonstrated to meet the needs of athletes and consumers wishing to lose weight. This drink will help improve quality of life by providing consumers with more energy. The market and research team has determined that the pros will outweigh the cons. The SWOT analysis identified PepsiCo’s current strengths and weaknesses and also provided the marketing team a clear view of obstacles and opportunities that may be presented by competitors such as Coca-Cola that has been PepsiCo’s long time competitor. PepsiCo has the capability of successfully launching an energy drink based on consumer needs and behaviors. References Cui, A. S., Zhao, M., & Ravichandran, T. (2011). Market uncertainty and dynamic new product launch strategies: A system dynamics model. IEEE Transactions on Engineering Management, 58(3), 530-550. Gisngeo, . (2009). Water Survey. Retrieved from http://www.gisngeo.com/water/en.php
  • 9. Liu, T., & Schiraldi, P. (2012). New product launch: Herd seeking or herd preventing? Economic Theory, 51(3), 627-648. Livestrong.com. 2013. Vitamins for Energy & Weight Loss | LIVESTRONG.COM. Retrieved from http://www.livestrong.com/article/280571-vitamins-for-energy- weight-loss/ Nickels, W. G., McHugh, J. M., & McHugh, S. M. (2010). Understanding Business (9th ed.). New York, NY: McGraw-Hill/Irwin. Pepsi Absorbs Wimm-Bill-Dann. (2011) Retrieved from http://rt.com/business/news/pepsi-absorbs-wimm-bill-dann-333/ Steinberg, J. (2012, July 11). PepsiCo Expanding Its American Portfolio With Dairy Products. Retrieved from http://seekingalpha.com/article/714491-pepsico-expanding-its- american-portfolio-with-dairy-products The Power of PepsiCo – 2011 Annual Report. (2011) Retrieved from http://www.pepsico.com/annual11/downloads/pep_ar11_2011_a nnual_report.pdf Theodore, S. (2012, August 13). Diet Coke Enters A New Decade: The Carbonated Soft Drink
  • 10. Brand Has Come A Long Way. Retrieved from http://www.mintel.com/blog/diet-coke-enters-new-decade- carbonated-soft-drink-brand-has-come-long-way Tomlinson, S. (2012, March 3). Soda Sales Fall Faster As Americans Turn To Healthier Options. Retrieved from http://www.dailymail.co.uk/news/article-2118291/Soda-sales- fall-faster-Americans-turn-healthier-options.html Tsafarakis, S., Grigoroudis, E., & Matsatsinis, N. (2011). Consumer choice behavior and new product development: An integrated market simulation approach. The Journal of the Operational Research Society, 62(7), 1253-1267.