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Established in 1886
Mission Statement: Refresh the world, inspiring moments of happiness while creating value and making a difference.
In over 200 countries around the world
Created in 1898 in Biloxi, Mississippi Founder: Edward C. Barq Sr. Barq Brother Bottling Co. Gained rapid popularity due to its unique taste over competitors: Less carbonated Less sweet Less foamy Slogan, Its Good Since 1898. Set up Franchise in 1934 Eventually bought by Coca-Cola Company Sold Barqs company in 1995 Barqs controls 12.06% of Coca-Colas stock price
Population of 203,429,773 Fast growing economy Purchasing power Decrease in inflation rates No Root Beer currently available Minimal Competition Ambev bottling company for PepsiCo 17.7% 3rd largest soft drink market
Education is very sought after, especially with the economy of Brazil growing
Legal system based on civil codes derived from the Portuguese forefathers Business customs place high importance of uncertainty avoidance, much like The way of life in Brazil
Still very rural, 9% of roads are paved and of that 35% is Government controlled. Relies on Train use as well, 18, 000 miles of railroad tracks Exports to China, United States, Argentina, and others total $201.9 Billion Imports from China, United States, Argentina, Japan, Germany total 181.9 Billion Brazilian Real vs. U.S. Dollar $1.88 to every U.S. $1 Inflation rate of 6.2% and Unemployment rate of 4.7% About 430 computers per 1000 people Expand into growing retail stores Wal-Mart, Carrefour building 70 stores/year
Marketing Objective: Target Market 10-25 year olds Sales forecast year 1-5 Increase overall sales for Coca-Cola by 25% with Barqs introduction Profit forecast year 1-5 Increase by 35% for Coca-Cola overall Increase for Barqs specifically by 18% Market penetration and Coverage Coca-Cola currently controls 50.1% of the total market share in Brazil
Price Competition
premium product Tubainas Brazilian competitors
Product: Brand: Barqs Root Beer Product size: 20 ounce bottles Color & Design: Label: Bright sun orange Lettering: Original Logo Additions: Product of Coca-Cola in Portuguese FIFA Promotion bottling Scent: weak slight scent of wintergreen Packaging: glass bottle see through except label Warranty: satisfaction guaranteed
Distributor
Coca-Cola Femsa Retailers Wal-Mart
Carrefour
Pao Do Acucar
Promotion Objective
Brand re-enforcement
New product acceptance Pre-rolled ads, Mobile ads, Social Media MY COKE REWARDS in Brazil
Corporate Responsibility
Rainforests
Direct marketing objective: make Barqs a recognizable brand. Mobile advertising Product sampling Personal Selling objective: make Barqs a better drink option Personal sales representatives will help with a strategic plan in order to maximize quality of customer service Making the public aware of how well of a drink option Barqs is Persuade the public that Barqs is different, but offers a unique flavor that will change the image of soda in Brazil
Market a 20oz glass bottle of Barqs Root Beer for 3,01 reais ($1.60) Gain a 5% Market Share Costs involved are marketing plans, advertising ventures, distribution, promotion etc. Product cost per unit is $1.22
Brazil is 5th largest country and 7th largest economy in the world Outlook for Barqs introduction in Brazil is promising due to Purchasing power growing at 3% annually Current lack of root beer in Brazil Brazilians interest in change
Make Barqs root beer a successful drink in the country within 5 years