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The Marketing Strategy of Innocent Drinks

Título: The Marketing Strategy of Innocent Drinks

Ensayo , 2015 , 7 Páginas , Calificación: 1,3

Autor:in: Lioba Frings (Autor)

Economía de las empresas - Marketing en línea y fuera de línea
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Resumen Extracto de texto Detalles

According to their website Innocent Drinks make 200 million in sales each year. That they are so dominant in the European smoothie and soft drink market and the market’s leading smoothie brand in the United Kingdom may also result from their distinctive marketing strategy and their unconventional methods of selling their drinks and the associated experience for the consumers (see Simmons, 2011:12), which is conveyed through recipe books, many charity projects, experiential marketing with an own festival and with nature-oriented decorations of the company’s vans, their rule book and the brand message.

Extracto


Table of Contents

1 Introduction

2 The Marketing Mix and the Four Ps in the Case of Innocent

2.1 Product

2.2 Price

2.3 Promotion

2.4 Place

3 Conclusion

Objectives and Topics of the Publication

The primary objective of this work is to analyze the marketing strategy of the company Innocent Drinks by applying the theoretical framework of the four Ps of the marketing mix—product, price, promotion, and place—as established by Edmund Jerome McCarthy. The research examines how the company successfully differentiates itself in the competitive European smoothie and soft drink market through its brand values and corporate image.

  • Application of the four Ps marketing mix theory to Innocent Drinks.
  • Analysis of product differentiation and consumer satisfaction.
  • Evaluation of premium pricing strategy in relation to charity involvement.
  • Exploration of promotional techniques, including emotional storytelling and digital engagement.
  • Examination of distribution channels and mass market positioning.

Excerpt from the Book

2.3 Promotion

McCarthy describes the process of promotion as follows: “sometimes consumers, before they can appreatiate a product’s potential, must be shown or told how a product can add to their total satisfaction” (McCarthy, 1960:210) and later in his theory as “communication with the potential consumer” (McCarthy, 1960:502). Or as Drummond and Ensor define promotion: “the promotional element of the mix provides communication with the desired customer group” (Drummond et al., 2005:9). According to Stone and Desmond promotion “include[s] advertising, public relations and sales promotions” (Stone, 2007:41). Besides various television adverts and other advertising Innocent Drinks regularly publish press releases on their website in order to explain their products and strategies (Unattributed, 2015a). They announced, for example, the deal with Coca Cola and the launch of their new coconut water.

McCarthy defines that “the objectives of promotion are to inform, persuade, or remind consumers of the company’s marketing mix” (McCarthy, 1960:480). In order to be successful with a promotional strategy companys have to inform “customers of the availability of supplies”, operate “outside promotion” and contact the costumer personally “in order to inform and persuade them of the product’s merit” (ibid.). Innocent Drinks do that by advertising their products in television spots, radio commercials, a constant and daily presence on several social media accounts like facebook, twitter, instagram and youtube, as well as by providing their costumers with an emotional brand story and charity involvement, a weekly newsletter and blog on their website with “daily thoughts”. Thereby they promote their products both on a collective and a personal level.

Summary of Chapters

1 Introduction: This chapter introduces the company Innocent Drinks, its market position, and the theoretical framework of the marketing mix (4Ps) used to analyze the company's success.

2 The Marketing Mix and the Four Ps in the Case of Innocent: This section provides a detailed breakdown of how Innocent applies the four Ps—Product, Price, Promotion, and Place—to maintain their competitive edge.

2.1 Product: This chapter discusses how Innocent defines its products as solutions to consumer needs, emphasizing natural ingredients, health, and social responsibility as core components of their offering.

2.2 Price: This section examines the premium pricing strategy of Innocent Drinks and explains how their donations and social initiatives justify higher price points within the market.

2.3 Promotion: This chapter analyzes the promotional strategy, highlighting the use of emotional storytelling, social media engagement, and charity involvement to communicate with target audiences.

2.4 Place: This section explores how Innocent manages its distribution channels, balancing mass retail availability with efforts to foster personal connections to their consumers.

3 Conclusion: This final chapter synthesizes how the effective combination of the four Ps has established Innocent Drinks as a leading brand in the United Kingdom and enabled international expansion.

Keywords

Innocent Drinks, Marketing Mix, 4Ps, Product Strategy, Premium Pricing, Promotion, Distribution Channels, Brand Image, Charity, Sustainability, Consumer Satisfaction, Market Maturity, Social Responsibility, Smoothie Market, Marketing Theory.

Frequently Asked Questions

What is the core focus of this publication?

The work focuses on an analysis of the marketing strategy of Innocent Drinks, specifically how they utilize the traditional "four Ps" marketing mix model to achieve market dominance.

What are the central themes discussed in the text?

The central themes include the application of marketing theory, product differentiation through brand values, the impact of corporate charity on consumer perception, and effective promotional communication.

What is the primary objective of the research?

The objective is to explain the success of Innocent Drinks by demonstrating how their specific business practices, such as donating profits to charity, align with and satisfy the theoretical requirements of the marketing mix.

Which scientific methodology is employed?

The author uses a theoretical analysis approach, applying the classical marketing mix framework developed by Edmund Jerome McCarthy to the practical business case of Innocent Drinks.

What topics are covered in the main section of the book?

The main section investigates each of the four Ps individually: the product attributes, the pricing strategy, promotional techniques, and distribution or "place" strategies.

Which keywords characterize this work?

Key terms include marketing mix, 4Ps, Innocent Drinks, brand strategy, charity-oriented marketing, and consumer satisfaction.

How does the company's charity involvement influence its pricing strategy?

The text explains that the premium price of Innocent products is perceived as justifiable by consumers because a portion of the profits is donated to charity, which enhances the brand's perceived value.

Why does Innocent Drinks prioritize direct contact with their customers?

The company views direct contact through newsletters, social media, and festivals as an effective method of "personally selling" the product, allowing for individual treatment of the consumer.

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Detalles

Título
The Marketing Strategy of Innocent Drinks
Universidad
Swansea University
Calificación
1,3
Autor
Lioba Frings (Autor)
Año de publicación
2015
Páginas
7
No. de catálogo
V368133
ISBN (Ebook)
9783668466234
ISBN (Libro)
9783668466241
Idioma
Inglés
Etiqueta
marketing innocent branding strategic marketig
Seguridad del producto
GRIN Publishing Ltd.
Citar trabajo
Lioba Frings (Autor), 2015, The Marketing Strategy of Innocent Drinks, Múnich, GRIN Verlag, https://www.grin.com/document/368133
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