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Power 4ward
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- 3. Introduction Powerade is farbehind category leader Reinvigorate Powerade's Image Powerful product calls for powerful marketing! Overcome heart loyalty to Gatorade Elicit unwavering brand loyalty through the minds and hearts of consumers “Find the 4th" competition campaign Big Idea: POWER4WARD
- 4. Situation Analysis Introduction Situation Analysis Consumer Insights Problems & Opportunities New MarComm Strategy CompanyAnalysis Consumer Analysis Product Analysis Competitive Analysis
- 5. 2010 Sales Growth SportsDrink Category Powerade Gatorade 11% 28% 6%
- 6. Total Sales $638 $681 $856 $688 $3,030 $2,710 $2,860 $2,152 $0 $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 20082009 2010 2011 Millions Powerade Gatorade
- 7. Sports drink stillin the GROWTH stage of product life cycle Mintel projects the market for sports drinks to grow by 52% from 2013-2017
- 8. Company Analysis Skills andResources • Coca-Cola System o Strong bottling partnership o Coca-Cola provides expertise and resources to strengthen partnership • Sustainability o PlantBottle o Reduce water stress
- 9. Consumer Analysis Male, 18-24 Athletic SweetTooth 4.48-4.63 glasses per day On the run
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- 13. Fruit & VegetableReady-To-Drink Soft Juice/Smoothies Tea Drinks Sports Energy Functional Cocunut Bottled Drinks Drinks Water Water Water Competitive Analysis
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- 15. Consumer Insights • Participantsmainly aged 18-22 • 35% male • 28% on a collegiate sports team • 50% exercise between 2-5 times a week 72% 28%
- 16. Consumer Insights: Survey •65% disagreed that they only drink sports drinks while participating in athletic activities • Important factors: taste, nutritional value • Gatorade: higher mean response for taste, trendiness, replenishment, nutrition, flavor variety 2/3 disagreed that they like powerade better than other sports drinks 1 (TERRIBLE) 5 (SUPERIOR)
- 17. Consumer Insights: FocusGroup • 10 participants total o 4 U of M athletes • Ages 19-23 • Techniques o Blind taste test o Open-ended questions o Guided discussion o Word associations
- 18. Focus Group KeyFindings Common belief Gatorade has more electrolytes Gatorade word associations "Champion," "success," "#1" Powerade word associations "Lame," "inferior," "second-tier," "underdog" Gatorade vs. Powerade Familiarity, trust, brand loyalty Unaware of Powerade's advertising
- 19. Problems and Opportunities Introduction Situation Analysis Consumer Insights Problems& Opportunities New MarComm Strategy SWOT Positioning Objectives
- 21. Positioning With its uniqueION4 formula, we are positioning Powerade as the more powerful and nutritious sports drink for a generation of young, determined individuals who desire a competitive edge in every aspect of life.
- 22. Objectives 1. Increase Powerade’smarket share in the sports drink category by 7% among our target consumers, Americans ages 13-24, from February 1, 2014 to February 1, 2015. 2. Increase the Powerade brand association as the most nutritional sports drink (i.e., four-electrolyte formula) by 18% among Americans ages 13-24 from February 1, 2014 to February 1, 2015.
- 23. New Marketing Communications Strategy Introduction Situation Analysis Consumer Insights Problems& Opportunities New MarComm Strategy Advertising Strategy o Creative o Media Creative Sales Promotion Other Marcomms Evaluation
- 25. Creative Strategy OBJECTIVE Differentiate PoweradeION4 from the competition by highlighting its unique 4-electrolyte formula STRATEGY Make “4” resonate Bring the electrolytes to life Memorable and consistent visual branding: new logo & slogan
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- 30. Media Strategy • Seamlesslyconnect "Power 4ward" message across touch points • Media mix: TV, Internet, social media, special events/sponsorships • Timing o TV: pulsing o Social media: continuous • Reach & Frequency: reach 40% of target, males and females ages 13-24, 2+ times each week over 12 months
- 31. • Creative impact& positive reactions • Kickstart "Power 4ward" campaign and solidify new Powerade image • Emphasize "Find the 4th" contest • Capitalize on commercials using Hulu • Network and cable programs, sports content Television
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- 33. Example Commercial: “Gabby asMagnesium”
- 34. Digital • Facebook, Twitter,Instagram • Basis of "Find the 4th" • Reinforce TV advertising, special events & sponsorships • Goals o Increase number of follows and user engagement o Improve appearance & cohesiveness of content o Emphasize new logo and slogan/hashtag
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- 39. Other Marketing Communications •Public Relations o Sponsoring events o Press releases/media alerts o Press conferences • Cause-Related Marketing o Involvement with low-income schools o Special Olympics • Internet o Blogs o Powerade website Visual branding ION4 athlete bios Lebron James and Derrick Rose bios
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- 41. Budget Total Budget: $12,483,770 2012Budget: $9,602.9MM Objective 1: Market share from 23% to 30% equates to sales increase of 30% assuming market size stays consistent.
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- 43. Evaluation • Sales/Market Share oConcurrent testing: sales during campaign o Post-testing: overall market share (7% increase) • Advertising o Tracking studies: attitudes, communication playback o Post-testing: communications effects Recall, attitudes, perceptions
- 44. We hope you’veall been inspired to…