Saturday, June 15, 2019
PepsiCo Inc. Case Study Essay Example | Topics and Well Written Essays - 1250 words
PepsiCo Inc. Case Study - Essay ExamplePepsi is popular as many volume identify with it. Customers lifestyles change regularly, and the company should understand consumer characteristics to facilitate construction of integrative communication message(Fill, 2009). All beverage companies struggle to convince the equivalent consumers to purchase their products. For instance, the Coke studio currently running has little to do with drinks but popularizing Coke cross off. Again, associating with critical events, such as world cup, increased the trade name value of Coke. Pepsi should come up with new styles of appraising its brand and popularize its products. In short, marketing communication tools and design are essential for brand appraisal. Pepsi faces Coca-Cola as its main rival in the beverage market since they both enjoy global presence. However, Coca-Cola is always ahead in sales and market share. or so of the critical challenges that Pepsi faces include stiff competition both locally and internationally, relatively low market penetration, and weak brand. Therefore, the company marketing strategies should aim at solvent the above shortcomings to allow it gain new markets. Possible marketing strategies are identifying market differentiation points, applying effective marketing communication initiatives, and increasing its promotional activities. With muscular investment portfolio and relatively strong brand, Pepsi can shake beverage market remarkably. Above all, agility and diversity in marketing aspects are the best way to retain existing customers and gain others.
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