Marketing Strategies: A Study of Purdue and Coca-Cola
Marketing strategies are essential components of business success. In this article, we’ll be taking a look at two major companies – Purdue and Coca-Cola – to see what marketing methods they leverage in order to remain successful entities.
Purdue’s Marketing Strategy
Purdue’s marketing strategy, as evidenced by its magazine-style publication, “The Purdue Brand,” emphasizes its longstanding dedication to college athletics and its commitment to a culture of innovation. To further create recognition and trust among its customers, Purdue also focuses on leveraging sales and marketing opportunities in the community, such as recruiting athletes and forming partnerships with local retailers. Additionally, special attention is paid to integrating the “core values” of the school – such as growth, excellence, and collaboration – into day-to-day business operations.
Coca-Cola’s Marketing Strategy
Magnifying its campaign slogan – “Drink Positive” – Coca-Cola emphasizes its passion for creating smiles, inspiring optimism and promoting a feeling of happiness among its customers. Going beyond traditional marketing practices, the beverage giant takes a “holistic” approach in its strategy by incorporating both global and local campaigns. For example, in its recent program, The Coca-Cola Music Project, Coca-Cola embraced digital media to unify talented musicians from around the world. Additionally, in the U.S., Coca-Cola launched the “Coca-Cola Real” campaign to promote responsible drinking. Thus, by investing in both communities and environment, Coca-Cola has developed a strong presence amongst its customers.
FAQs
What are some elements of a successful marketing strategy?
Some key elements of a successful marketing strategy include leveraging sales and marketing opportunities, understanding customer needs and expectations, embracing innovation, and investing in community and environmental initiatives.
What is the marketing strategy of Purdue and Coca-Cola?
Purdue’s marketing strategy focuses on leveraging sales and marketing opportunities in the community while also emphasizing its core values. Coca-Cola takes a more holistic approach by investing in global and local campaigns, and investing in communities and the environment.
It is important for large and small business to have an effective marketing strategy. Purdue and Coca-Cola are two companies that have successfully proven that their strategies are key factors in their success. By focusing on customer needs, embracing innovation, and investing in their communities, these two companies have been able to maintain successful businesses.
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