ABC
Executive
Summary
Table
of Contents
1. Internal Audit 2
1.1. Company
Overview.. 2
1.2. Company’s
products. 3
1.3. Market
Share. 3
1.4. Competitive
advantage. 3
2. International
Country selection. 4
3. External
Audit 4
3.1. PEST
Analysis. 4
4. Competitor
Analysis. 5
5. SWOT
Analysis. 5
5.1. Strengths. 5
5.2. Weaknesses. 5
5.3. Opportunities. 5
5.4. Threats. 5
6. Market
Segmentation. 5
7. Marketing
Mix. 5
7.1. Product 5
7.2. Price. 5
7.3. Place. 5
7.4. Promotion. 5
8. Conclusion. 5
9. References. 5
Fritz Kola Marketing Plan
Internal Audit of Fritz Kola
Overview of Fritz Kola Company
Fritz Kola was
established in the year 2003 by two students who were studying in the city of
Hamburg, Germany. The enterprise was established by Mirco Wolf Wiegert and
Lorenz Hampl. The founder of the enterprise wants to launch such clod drink
that tastes different from the available cold drinks like Pepsi and Coca-Cola. Fritz
Kola is less sweet than other cold drinks and contains higher amount of caffeine.
In a short amount of time the organization grabs significant amount of market
share in Germany.
Company’s products of (Fritz Kola)
The company begins its
operations with Fritz Kola, but when the company sees the popularity of its
product, then in the year 2006 the company launched other beverages as well,
which include morning cola & lemonades, etc. Currently the organization has
four main categories of its beverages, which include Fritz Limo, Fritz Kola, Mischmasch,
Fritz spritz, and fritz mate. Each category has a different variety to offer to
its customers. The variety of options to the customers offers significant
amount of market share along with higher profitability. Up to year 2010 the
organization revenue reached 2.7 million.
Market Share of (Fritz Kola)
Fritz Kola has a significant
market share in the country of Germany. In the early years, the enterprise’s
products were only available in the country of Germany, but with the passage of
time the market share of the company has grown tremendously. Today the
beverages offered by Fritz Kola are available in different countries of Europe.
Fritz Kola is available in Belgium, Spain, Austria, Poland, Netherland, and the
UK. The main aim of Fritz Kola is not to become the market leader in the
beverages but to provide alternative to available cold drinks such as Pepsi and
Coca-Cola.
Competitive advantage of (Fritz Kola)
The major competitive
advantage of the corporation is its unique taste. The Fritz Kola taste is
totally different from its competitors like Coca Cola & Pepsi. The Higher
amount of Caffeine in the cold drink makes it less sweet. Furthermore, the
unique way of advertising & marketing campaigns makes Fritz Kola stand out
in the market.
International Country selection of (Fritz
Kola)
The country that is
selected for international expansion in the United States. As Fritz Kola targets
young individuals, the United States will be a great place to start with. The US
has a huge population of young individuals who prefer caffeine drinks. Fritz
Kola can provide a great alternative to US customers.
External Audit of (Fritz Kola)
PEST Analysis of (Fritz Kola)
Political
Factors of
(Fritz Kola)
The political factors
include the rules & regulations which the government creates for regulating
the businesses. Organizations or businesses need political stability to achieve
success in the market. In the United States, political stability exists which
means that Fritz Kola will not have to face any major political instability
Issue.
Economic
Factors of
(Fritz Kola)
The economic factor
includes changes in the foreign exchange rate, interest rate, inflation rate,
etc. Any economic factor change has a huge impact on the consumers & the
organization. United States is a developed country and the largest economy in
the world. So it does not face economic instability like developing countries.
So Fritz Kola won’t have to face any Economic instability in United States at
least for now.
Social
Factors of
(Fritz Kola)
The social factors
include the changes in the taste and preferences of the customers. Fritz kola
provides a unique flavor to its customers, which means that it will provide
something different to the customers. However, the enterprise will have to keep
its uniqueness intact if it wants to sustain in the US market for longer
period.
References of (Fritz Kola)
GOVINDARAJAN, M., 2007. MARKETING MANAGEMENT. 2
ed. s.l.:PHI Learning Pvt. Ltd.
Penaloza,
L., Toulouse, N. & Visconti, L. M. eds., 2013. Marketing Management: A
Cultural Perspective. illustrated ed. s.l.:Routledge.