Red Bull Gives You Wings

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Red Bull Gives You Wings One of the fastest growing companies in the world, market dominator in its category,a producer of magazines,TV programs and movies,an innovator, participant and sponsor of many major worldwide events, a company that continues to develop and grow after almost 30 years of excellence, and most importantly -the top energy drink producer in the market – Red Bull.Even though the creator of this massive brand,the Austrian Dietrich Mateschitz,is not very famous, he is one of the most successful entrepreneurs, who laid the foundations of a company worth billions.With his persistence and knowledge he managed to change the landscape of the beverage industry. The success of a company or a brand is dependent on a great number of things.Communication, finance, strategy, contacts, trust, innovation, dynamics etc.should be perfectly balanced in order to achieve something big.But one of the most important concepts needed in this business is marketing- “The achievement of corporate goals through meeting and exceeding needs and expectations better than the competition” (Jobber and Ellis –Chadwick, 2013:5) or “The process of determining consumer demand for a product or service, motivating its sale and distributing it into ultimate consumption at a profit”(Baker, 1971:19) To find out more about Red Bull’s great accomplishments we need to see in more detail the marketing side of the company. Mateschitz did not only introduce a new brand into the market,but a whole new category- the energy drink.The launching of a new product generates much attention and makes it interesting for people to try it.This explains Red Bull’s success in the early years. However,there are certain factors that have a great impact upon the decision-making process.The understanding of how people make their choices is important for the perfect marketing mix.Through a more detailed

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