Red Bull successfully achieved globalization by creatively and thoroughly managing their marketing strategies. An Austrian company launching in 1987 crated a global appeal. Their target audience generally fell between 15-45 year olds; with high income. Main areas their audience picked up their products were at the gym, parties, bars, or social gatherings. Red Bull promised […]
As a society so rooted in technology, it makes sense that social media is becoming one of the most efficient ways of reaching the global audience. In fact, there are 4.76 billion social media users across the world, accounting for about 59.4% of the entire global population (Kepios, 2023). Companies that operate outside of their […]
Market Research is incredibly important in the success of a business. As such, it’s important to consider the most common market research mistake prior to engaging in this activity. Most Common Market Research Mistakes 1. Confusion over the best method to use 2. Ambiguous questions 3. Not knowing exactly what a company is even looking […]
Market Research Market research importantly helps a business better understand its customers and relatedly to make changes to products or services that more effectively target consumer preferences. Interviews are a useful tool in gathering consumer information when done properly. Benefits of Customer Interviews 1. Help a company to better assess consumer demand. 2. Underline pain […]
Background Most women and girls have experienced some kind of negativity online and have found social media to be harmful to their self-esteem. Though only 9% of women in the early 2010s admitted to participating in body-shaming over social media, research found the actual percentage to be much higher. As a hygiene brand, Dove’s target […]
Communication is a vital step in the customer acquisition process. Promotion of the product is done effectively through advertisement strategies. Pampers first faced their first issue with their communication strategy when an advertisement lost translation to Japanese consumers. They introduced an advertisement that has done well in the U.S. markets, an animated stork delivering Pampers […]
2023 is bringing a new trend! These days, brands are quicker to sell wholesale than DTC. Why? Well, let’s go back to 2020. We were all stuck at home! We could only shop online! So, as “pandemic life” diminishes, companies and brands are going back to the days when consumers shopped in stores. Since stores […]
What is CSR? CSR, aka corporate social responsibility, is “a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public,” (Hansen, 2023). It entails a company being aware of the impact it has on all areas of society, whether it be environmental, social, or economic. The main goal […]