CokeTeam MKT 340 Final Project
CokeTeam MKT 340 Final Project
CokeTeam MKT 340 Final Project
Pillow
MKT 340
Coca-Cola History_________________________________________________________2
Brand___________________________________________________________________________2
Brand Loyalty__________________________________________________________________2
__________________________________________________________________________________3
Target Market____________________________________________________________10
Demographics_________________________________________________________________11
Psychographic________________________________________________________________11
Behavioral_____________________________________________________________________11
Gender Patterns______________________________________________________________11
Age Patterns__________________________________________________________________12
Educational Patterns_________________________________________________________12
Social Patterns________________________________________________________________12
Creative Brief____________________________________________________________13
Success or Failure Analysis_____________________________________________14
Works Cited______________________________________________________________17
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Coca-Cola History
Coca-Cola was patented in 1887, registered as a trademark in 1893 and by
1895 it was being sold in every state and territory in the United States. In
1899, The Coca-Cola Company began franchised bottling operations in the
United States.
Brand
Personality: The company brand vision is universal happiness. Open
Happiness is the main slogan of the brand personality. Their main object is
to enable people to share moments together. According to the Asian Journal
of Management Research, the brand also has sincerity and excitement
personality as well. However, it scores high on competence with low rating
on ruggedness. The brands advertising campaign is generally designed to
induce a feeling of celebration.
Other personalities: Authentic, Connected, and Optimistic.
Culture: The brand is perceived by consumers as a part of daily life and of
their life style. Coke is a globalized product that has the taste customers are
looking for, and which gives the pleasure of refreshment during a break
together.
Image: Coca-Cola communicates drink all the time. The company
communicates with consumers through media to increase its community.
Coca-Colas logo is red, so that consumers can recognize the brand image
instantly.
Brand Loyalty
The Coca-Cola brand image conveyed, the visibility and availability of
products and ads, and the expected quality everywhere make it one of the
most bought brand in the world. According to purchasing frequency in the
US: 48% of Americans drink a soda everyday with an average of 2.6 glasses
per day. Coke represents almost 50% of soda consumption; there is no doubt
that its customers are loyal. Around the world, more than 3% of beverages
consumed are Coca-Cola, equaling 1.7 billion servings per day.
As already noted, Coca-Cola is seen by consumers as part of daily life; thus,
Coke has achieved a high level of loyalty.
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The
shows
above image
the top 10 most famous brands of 2014.
Brand Equity
Because of brand extension, Coca-Colas equity is difficult to
measure. People do not distinguish all brands owned by the
company, and might even buy without knowing they will be drinking or
eating Coca-Colas product. However, the brand promises the same
experience around the world: refreshment, fun, and the American lifestyle.
Moreover, Coca-Cola is recognized as the most valuable company in the
world according to the respected Inter Brand Corporation. Valued at $
56.1 billion, Coke has become effectively a part of modern world culture.
Cokes identity has been built with consistent values and differentiating
elements during a decade. Despite competition, the brand continues to hold
the third position globally in brand equity rankings. (Lara OReilly).
Company Vision
There are 6 domains in Coca-Colas company vision:
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On
There was a spike in the campaign from July 13-July 29 due to a tweet from
stand-up comedian Vice Ganda, host of a Philippine comedy variety show,
referring to his viewers. Ponies is a term of endearment Ganda used for
fans of the show. The Share a Coke campaign used the famous comedian
to highlight and encourage fans to emote a relationship with Coke based on
the on the Coke bottle.
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YouTube-Owned Media
The #ShareaCoke campaign transitioned from paid media to owned media.
The campaign used storytelling to engage millennials. Coke used YouTube
celebrity Cameron Dallas, who has 3 million subscribers on his YouTube
channel. The 2-minute video shows Cameron, picking up his 4 friends and
throwing one of them a Coke bottle with the name Chase. The boys gather
with friends and create a slip and slide. All the boys slide down their
homemade slide with floating devices and end up in the pool. The video
shows all American young men having a good time during summer. At the
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end of the video, Cameron also receives a personalized Coke from one his
friends.
#ShareaCoke and enter #SelfieSweeps using their My Coke Rewards app and
Facebook for entry availability. A total of 500 selfies unlocked access to the
years biggest musical events. Every day during the nine-week promotion,
the first 10 fans to post a selfie on Instagram or Twitter won a month-long
Spotify Premium membership (Moye, 2014).
Public Relations
Celebrities such as Taylor Swift, LeBron James, Beyonc, and President
Obama were used to promote the #ShareaCoke campaign (Brown, 2014).
Celebrities love for Diet and regular Coke encouraged millennials to
purchase a personalized Coke so they could be like one of these celebrities.
The campaign capitalized on the global trend of self-expression and sharing,
but in an emotional way. (McQuilken, 2014). Including celebrities in the
Share-a-Coke campaign was creative because young teens and millennials
appreciated the classic design but also were more intrigued by
personalization that stirred curiosity and provided a wow factor.
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Sales Promotion
The campaign encouraged users to download the free Coca-Cola Freestyle
mobile app were users could scan a QR code on the fountain dispensers
touch screen and send a friend a coupon for a $1 off a 20-oz. Coke (Hitz,
2014). Not only could you send a coupon with a discount to a friend, but you
could also send a coupon for a free Coke. #ShareaCoke created a website,
www.shareacoke.com consumers could visit and see what names were on
shelves and locations and consumers could also personalize Coke bottles and
share virtually with a song using social media platforms discussed above
(Tode, 2014). Spotify teamed up with the campaign in order for consumers to
virtually send a Coke to a friend with a song using the service (Moye, 2014).
My Coke Rewards were also advantage for consumers to have during
#ShareaCoke campaign because reward members could register points,
normally found under twist caps to be redeemed for gift cards, sweepstakes,
travel, concerts support a good cause or donate to your school. The more
points acquired, advantages of attending special concerts or be featured on
a Coke billboard during the campaign.
Target Market
Social media such as Facebook, Twitter, and Instagram, have made us less
social in our daily lives. Instead of going out with friends and enjoying your
time with family, people just use these sites changing the way we used to
interact/connect with others in person. It would seem, the more friends we
gather online the fewer we see in real life. For this reason, Coke needed to
adapt to this changing environment and needed a campaign that would
encourage people to connect with the brand both online and offline.
According to the Marketing Magazine, summer has always been a key sales
period for Coca-Cola. With the introduction of new products, new
campaigns, brand extensions and the blurring of traditional categories,
however, the soft drink market has never been so competitive in the
industry. As many competitors of soft drinks, Coca-Cola wanted a big idea to
combat this competitive market to increase consumption of Coca-Cola
specially over the summer period, and to get people talking more about their
brand name, Coke.
The campaign needed to make consumers see Coke in a way that would
encourage them to actually consume the product, not just love the brand,
but also to increase brand awareness. It also needed to have mass appeal,
while hitting the 24-year-old bulls-eye target. Cokes target audience is
sometimes thought of as elusive or hard to reach, because a consumer either
likes Coca-Cola or they dont (Share a Coke An Investigation of Social Media
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Marketing). The names on the cans and bottles are a great way to tie a
person to a product even someone who doesnt care for Coke will be willing
to share their can with their names on it. The #ShareaCoke campaign has
generated tremendous social buzz and is truly a unique and fun way to
engage Cokes target audience.
Coca-Colas target market for share a coke campaign is mostly people that
have busy life style and mobile generation. People tend to buy a coke when
they are busy, because of convenience and price (Coca-Colas Journey).
Coca-Cola does not have any preference in family size but they target upper
lower and lower class in socio economic status. They also target mostly
students and family oriented people who are fun loving and entertainment
loving.
Demographics
Coca-Cola is the best-known trademark in the world is sold in about one
hundred and forty countries to 5.8 billion people in eighty different
languages. Since Coca-Cola is the largest soft drink company in the world,
their target market is globally. However, according to some data collected in
Coca-Colas Journey, it shows that Latin countries are their main consumers.
The 3 countries with greater consumption are, Mexico, Chile, and The United
States.
Psychographic
All psychographics variables the social class, lifestyle, occupation, level of
education, and personality Coca-Cola segments everyone.
Behavioral
Coca-Cola segments different occasions, which are celebrated in each
country and the credit for making celebrations available for almost everyone
largely goes to Coca-Cola Company.
Gender Patterns
Coca-Colas target is not based in gender but according to Coca-Colas
Journey, the results from a data collection shows that both genders like this
product and use it with a ratio of 58% females and 42% males. Looking at
quantitative and qualitative data when segmenting the findings into gender
categories, it becomes an arguable point, that women are the most
noticeable gender in actively participating in the campaign.
Age Patterns
Coca-Cola takes every customer as target and potential which is thirsty
including mostly from 18-25 that covers around 40% of total age segment,
26-35 at 23 %, 36-49 at 21.3 % and the 50+ at 15.7 %. However, the
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company has set certain limitations reducing the amount of advertising that
targets children who are younger than 12 years old. Therefore, 18-25 age
range is Coca-Colas main target because according to Coca-Colas Journey,
it shows that the younger respondents are more inclined to notice, buy, and
share a Coke.
Educational Patterns
Having accounted for the tendencies determined by age and gender, share a
coke campaigns target market based on education are as follows; 37.5%
primary schools, 31.4% among a Short-cycle higher education, 31.1% others
combined. Therefore, share a cokes campaign targets people that have
basic education such as primary school.
Social Patterns
The results of the quantitative data generate patterns of lower educated
respondents to be more inclined to purchase a Coke due to the campaign,
according to Coca-Colas Journey. In order to point towards a common
denominator it can be supposed that these segments generally receive a
lower income than their opposing segments. This can be supported by the
assumption that personal income is partially determined by years of work
experience and educational level. Consequently, it can be argued that the
purchasing powers of these segments are weaker.
Creative Brief
At the heart of this campaign is connection. The Share a Coke campaign
promotes connection in two main ways. First, it allows the brand to
personally connect with consumers by speaking directly to them through
their name; Coke replaced the branding on cans and bottles with two
hundred and fifty of the countrys most popular names. They also included
generic names such as BFF, Soulmate, and Family. Second, Coke
encouraged connection amongst consumers by inviting them to Share a
Coke with (insert name).
The names were not able to be printed in the traditional Coca-Cola
Spencerian script due to trademark issues. Instead, a brand-new typeface
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inspired by the Coke logo was used. The font was named the You font,
further enhancing the idea that the campaign is about the consumer, not
Coca-Cola.
Although Coke added these names to their bottles and cans they kept the
rest of the packaging design similar to Cokes traditional packaging.
Traditional elements include the red label, white text, and dynamic ribbon.
This allowed for a successful balance of tradition and freshness.
Coke was consistent in featuring bottles with a variety of different names
throughout all of their social media platforms, showing the consumer that
their name or the name of a loved one could be out there. The excitement of
finding the sought after name and the quest to find it added to the user
experience.
the part of Coke. Sacrificing the final step on the altar of engagement worked
out for Coke in this case. People actually did exactly what Coke wanted and
such highly personal way that no one company could have accomplished. By
leaving the final how-to to the customer Coke effectively outsourced the job
of individually targeting each person who received a bottle of Coke. It was a
highly dangerous move from a traditional marketing standpoint that, in this
case, paid in highly effective customer engagement.
The proof of the ShareaCoke campaigns success is in the measurable
effects. In 2011 when this type of effort was first tried in Australia the results
were plainly positive. Down Undah Coke garnered a 7% increase in Coke
consumption due to the campaign. In 2014, due to the rise of bottled water
and sports drinks, the soda industry was in decline in America. Due to the
Share a Coke campaign Coke broke this trend. The effect of the campaign
increased total sales by 2.5%. To turn go from negative to a positive trend
qualitatively shows the value of this campaign to Cokes bottom line.
Many ad campaigns are impersonal, transparent attempts to gain cash. The
direction chosen here was one of personal engagement and custom
experience. Leaving the customization to individuals was dangerous, but in
allowed for the carefully crafted experience that only friends and family can
offer each other. The qualitative increase in a time of decline on its own
shows that the campaign was a clear success. The increase shows success in
the immediate, but there is a qualitative effect that is harder to measure.
Coke has been around for a long time. They intend to be here for a long time
to come. The positive, lasting brand personality that coke has gained with its
customers is much harder to measure. We must guess from our own reaction
to this move by Coke to be personal, authentic, and daring to hope for
organic results rather than manufactured ones. We feel that Coke has shown
that it can be personal, authentic, and daring. We think that this is what the
#ShareaCoke campaign has done for Coke. It is our pronounced opinion that
we are looking at a successful ad campaign.
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Works Cited
"3 Reasons Why Share a Coke Campaign Is Successful." TriVision. N.p., n.d. Web. 02 Dec.
2014.
"6 Ways to 'Share a Coke' Before Summer Ends." The Coca-Cola Company. N.p., n.d. Web.
02 Dec. 2014. <http://www.coca-colacompany.com/stories/6-ways-to-share-a-cokebefore-summer-ends>.
Abstract. Share a Coke (n.d.): n. pag. Web.
<http://rudar.ruc.dk/bitstream/1800/15585/1/Share%20a%20Coke%20-%20An
%20Investigation%20of%20Social%20Media%20Marketing.pdf>.
"Brand Identity Prism." Coke VS Pepsi. N.p., n.d. Web. 02 Dec. 2014.
<https://cokevspepsibm2013.wordpress.com/2013/12/07/brand-identity-prism/>.
"Coca-Cola Brand Equity Package." N.p., n.d. Web. <http%3A%2F%2Fissuu.com
%2Fstephencatapano%2Fdocs%2Ffinal_coca_cola_book_low>.
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"Coca-Cola's 'Share A Coke With A Friend' Campaign Taking Over USA: See LeBron James,
President Barack Obama, Beyonce & Taylor Swift Bottles." Mstarz RSS. N.p., n.d.
Web. 02 Dec. 2014. <http://www.mstarz.com/articles/34383/20140728/coca-colasshare-a-coke-with-a-friend-campaign-taking-over-usa-look-out-for-lebron-jamespresident-barack-obama-beyonce-taylor-swift-bottles.htm>.
Das, Prakash J.K., and Khattri V. O. ASIAN JOURNAL OF MANAGEMENT RESEARCH 3.1
(2012): n. pag. Web.
<http://www.ipublishing.co.in/ajmrvol1no1/volthree/EIJMRS3016.pdf>.
Elliott, Stuart. "Apple Passes Coca-Cola as Most Valuable Brand." The New York Times.
The New York Times, 29 Sept. 2013. Web. 02 Dec. 2014.
<http://www.nytimes.com/2013/09/30/business/media/apple-passes-coca-cola-asmost-valuable-brand.html>.
"FAQs." The Coca-Cola Company. N.p., n.d. Web. 30 Nov. 2014.
"Mission, Vision & Values." The Coca-Cola Company. N.p., n.d. Web. 29 Nov. 2014.
<http://www.coca-colacompany.com/our-company/mission-vision-values>.
"Nearly Half of Consumers View." Networked Insights Realtime Marketing Insights. N.p.,
n.d. Web. 02 Dec. 2014. <http://www.networkedinsights.com/consumers-view-sharecoke-favorably/>.
O'Reilly, Lara. "The 20 Most Valuable Brands In The World." Business Insider. Business
Insider, Inc, 09 Oct. 2014. Web. 02 Dec. 2014.
<http://www.businessinsider.com/apple-most-valuable-brand-on-interbrand-2014rankings-2014-10>.
"'Share a Coke' Campaign Grows Sales For First Time in 10 Years, WSJ Reports Coca-Cola's
Big Idea Started in Australia." N.p., n.d. Web. <http%3A%2F%2Fwww.adweek.com
%2Fnews%2Fadvertising-branding%2Fcoca-colas-share-coke-campaign-grows-salesfirst-time-10-years-160433>.
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"Share a Coke Campaign Post-analysis." Marketing Magazine. N.p., n.d. Web. 02 Dec.
2014.
"Share a Coke Social Media Magic - WebArt." WebArt. N.p., n.d. Web. 02 Dec. 2014.
<http://www.webart.com/the-wall/blog/357-share-a-coke-social-media-magic.html>.
"The Share a Coke Story." Coca-Cola GB. N.p., n.d. Web. 02 Dec. 2014. <http://www.cocacola.co.uk/share-a-coke/share-a-coke.html>.
"Share a Coke U.S. Push Enlists QR Codes, New Ads and Social Media." - Mobile Marketer.
N.p., n.d. Web. 02 Dec. 2014.
<http://www.mobilemarketer.com/cms/news/content/17993.html>.
"Simply Summer Social Awards Contestant #3: @CocaColas #ShareACoke Campaign |
Simply Measured." Simply Measured RSS. N.p., n.d. Web. 01 Dec. 2014.
<http://simplymeasured.com/blog/2014/09/19/simply-summer-social-awardscontestant-3-cocacolas-shareacoke-campaign/>.
The Wall Street Journal. Dow Jones & Company, n.d. Web. 01 Dec. 2014.
<http://online.wsj.com/articles/share-a-coke-credited-with-a-pop-in-sales1411661519>.
"What's New." Incitrio Cokes Share a Coke Campaign An Integrated Marketing Success
Comments. N.p., n.d. Web. 01 Dec. 2014.
"The Worlds Most Valuable Brands." N.p., n.d. Web. <http://www.forbes.com/powerfulbrands/list/>.
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