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Topic: |
Business
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Number of pages / Number of words: |
9 / 2402 |
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Without a brand name and all of the marketing dollars that have gone into it, Coca-Cola would be nothing more than flavored water. Due to the company's long-term marketing efforts and protection, enhancement and nurturing of their brand name, Coke is one of the most recognizable brands in the world. However, even this marketing giant has trouble capitalizing on its own brand equity when handled improperly (e...
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However, even this marketing giant has trouble capitalizing on its own brand equity when handled improperly (e.g. New Coke). We all remember in 1985 when New Coke was introduced to the market. This was supposed to be a sweeter soft drink more comparable to Pepsi but it failed on the market. Because sales of Coke dropped 60% Coke was forced by the consumer to go back to the original recipe...
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