Positioning
Perceptual mapping is a method by which a product can be positioned in the marketplace. It allows marketers see where the competition is positioned, which is valuable for a couple of reasons. One is that the product can be positioned in a blind spot, an area on the map where there are few competing products. The other is that the marketing team understand which competitors represent the most direct threats, and why.
The product we are mapping is a line of Coca-Cola mixed drinks. These included Coke & Rum, Whiskey & Coke and other such mixed beverages. Such products are known in Europe and are particularly common in Germany in the same premixed format that we are charged with launching. In North America, however, there is little knowledge of these products. Consumers are only familiar with drinks they have mixed themselves. Moreover, consumers are familiar with the Coke brand, which means that we are not starting with an entirely clean slate.
The option does exist to develop an entirely new brand name for these products. The downside to this would be that we would not be able to leverage the Coke name. We could, however, leverage the brands of our alcohol partners. If we do decide to use the Coke name, we will leverage the power of that brand. However, that brand also has a well-established brand image.
The Coca-Cola brand is one of the most iconic in U.S. business and has value around the world. The brand is positioned at the higher end of cola. Cola is positioned at the lower end of the soft drink category in terms of prestige, however. Soft drinks are at the lower end of beverages, and are certainly below the brand status of the alcoholic beverages we are using as partner beverages. Thus, we are bound to some extent...
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