Situation Analysis
Target Market Analysis
Corona’s New Direction
Communication and Marketing
Advertising and Media
Public Relations
Merchandising and Promotions
Evaluation and Control
Situation Analysis
There are many different brands/kinds of beer
– more each year
Other types of alcohol for Corona to compete with: flavored malt beverages, hard alcohol/liquor etc.
Grupo Modelo is the 5 th largest producer of beer by volume
Biggest Trend:
Craft and microbrewery beer
Dollar value continues to increase
People want to be adventurous with their beer drinking
Situation Analysis
Grupo Modelo 1925- owns Corona, Pacifico, and Modelo beers
CoronaCorona Extra and Corona Light
Available in over 150 countries
Top selling import beer in U.S. (27.7% share)
Top selling beer- 6 th overall
Holds 63% of the Mexican beer market
Problem: Beer Marketer-
Imports are overall lower 2010 (1.3%)
Grocery Sales also declined in 2010 (1%)
Situation Analysis
Heineken
Main Competition
2 nd largest imported beer
New ad campaign coming
FEMSA
Partner with Coke
Own distribution channel
Recent Heineken partner
Anheuser-Busch
45% of the market share
Top growing import in 2010 with Stella Artois
Microbreweries
Sam Adams, Blue Moon
Small but local threat
Target Market
Age: 21 to 35
Gender: Men
Income: Lower Middle to High
Education: College
Geography: Entire US, Urban centers of 500,000 or more
Lifestyle: Semi-Professional, Professional
Men represent over 80% of total US beer sales.
Closely associated with sporting events
Consumed in larger quantity by high earners
Low income earners tend to prefer the cheaper domestic beers
Target Market
Age: 21 to 35
Gender: Men
Income: Low to Middle
Education: Some High School / GED
Geography: Southwestern US
Lifestyle: Blue Collar / Retail / Semi Professional
Language: Spanish spoken in the home
Number one beer in Spanish-speaking areas
Prefer greater consumption of beer over Caucasian market
Sales are strong in South West regions of U.S.
Target Market
Both Primary and Secondary target markets:
Demographics: Ages 21-35, male, white, average income, high school
Psychographics: People who love to relax
Enjoy life
Go with the flow
Watch sports
Like hanging out with friends
Vacations/Parties
Target Market
Corona’s Brand Personality
Easy to drink
Unmistakable color
One-of-a-kind taste
Use with a lime
One of the most recognizable bottles in the world
Corona is about connections- friends, family, fun
Represents a philosophy of “living in the moment”
A beer best associated with the beach
Corona’s New Direction
Communication & Marketing
New Brand Positioning Statement:
The perfect mix of a premium and casual beer
Corona has recently changed their positioning from a “beach and relaxation” beer to a “nightlife” beer
More occasions to drink Corona
Communication & Marketing
Distribution Strategy
Continue distributing all over the world- 4 th most sold beer in the world
Focus on target locations of South Western U.S.
Work with grocers and liquor stores for prime positioning
Pricing Strategy
Keep price low to represent the “casual” side of the brand
Compare to competitors
Goal
Increase Corona import sales by
2%
Total beer market share by 5%
Budget Plan
Advertising and Media
Move them off the beach
Executions that drive consumers to consider Corona for multiple occasions
Position the brand as the perfect mix of casual and premium
Cater advertising to a more major, urban market that reflect their lifestyles
Advertising and Media
Include all types of situations and all types of consumers
Hint to the “beach/relaxation” image that Corona is
Portray Corona Extra and Corona Light differently
Develop ads that change their perceptions
Key Selling Idea: premium and casual- for all types of demographics
Goals: increase sales, change perception, try beer
Advertising and Media
Geographic coverage- U.S., heavy in South West region, coastal
Seasonal Coverage- holidays, summer, sports, Cinco de Mayo
Reach- 60% of our audience
How to Reach our Target Market:
Internet, television, print, and outdoor mediums are the best ways to reach the younger crowd that Corona is catering to
Advertising Tactics
Networkscommercials will air on popular network stations such as
ABC
Bravo
Comedy Central
ESPN
FOX/FOX Sports
VH1
Spot
- Prime
-Late Night
Cable
- Spot Cable
General Consumer
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US Weekly
People
Readers Digest
GQ
Rolling Stone
Self
Advertising Tactics
Specialty
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Beer Traveler
Beer Across America
Modern Brewery Age
Trade
-American Brewer
-Beverage World
Advertising Tactics
Billboards- popular cities and cities by the beach
Transit:
Airport and Subway terminals heavy foot traffic
Train Stations- AmTrak in 46 states
Taxis- largely populated cities
with nightlife
Blimps- flying over sporting events
Sports Arenas- boards, banners and posters (Chivas, NASCAR)
Advertising Tactics
Websites and Banners:
BeerAdvocate.com is a widely used website that does reviews of beer, everything from huge brands to local microbrews
Any sports team/league that Corona sponsors should have direct advertisement on their websites
Any TV networks, magazines/publications that Corona advertises with should have a link to the Corona website
Public Relations
Main Objective: Continue to enforce Corona’s new brand personality and positioning statement to our target markets in a way advertising does not
Strategies:
Press releases
Sporting events
Social Media
Media Kits
Special Events
Public Relations Tactics
Press/Media kits
Date, locations
Corona’s involvement in certain events
Other charities/companies included
Prizes
Contact information
Available through cbrands.com
Announcements
Publicize sponsorships
Web page dedicated to announcements
Keep official site up to date
Public Relations Tactics
Event Marketing
Special events- both beach and high class
Sponsorships- sporting events and poker tournaments
Pro Surf 2011 (APSPR)
The Farmer’s Classic (U.S. tennis Association/part of U.S. Open)
Find a Cure Text Donation Campaign
(The V Foundation)
Chivas USA (Major League Soccer)
Various music festivals
Public Relations Tactics
Newsletter
Keep employees updated
Talk about new events that
Corona is apart of
Local information- stories of Corona users
Web site
Keep website updated
Make it more entertaining- More colors, younger, nightlife look
Engage with consumers so they stay on the site for a longer period of time
Have consumers talk about “Corona moments” on site
Sell more Corona products on the site
Merchandising & Promotion
Objectives
New, year- long promotional campaign
Promote travel & well-known nightlife destinations
Get people involved with the brand
Continue Corona’s new positioning statement
StrategyOffer multiple buying incentives:
Prize Redemption Catalog
In-store promotions
Point of Purchase Displays
Merchandising Tactics
Logo
Logo to remain same to keep consistency since its worldwide
Represents the timeless quality Corona will always have
Packaging
Change with holidays like Cinco de Mayo to become collector’s items
Special label for May represents
Corona’s Mexican heritage
Merchandising Tactics
Buying Incentives
Goal- Offer free merchandise/advertise contests or promotions
Displays would offer coupons for Corona merchandise
Ex: free t-shirt with purchase of two Corona six-packs in July
In-store Promotions:
Location of the Month Campaign
New poster each month to promote new travel destination that is well-known for their nightlife- U.S. Department of Tourism
Bottle Cap savings
Catalog with different prizes, using Corona bottle caps as “currency”
Ex: 150 Corona bottle caps buys a pair of headphones, etc.
Evaluation and Control
Pre campaign
Measure the target market’s attention
Use sources to choose mediums
Online surveys- social media sites
Post Campaign
Use longitudinal techniques
These will help track changes in usage and perception
Evaluation and Control
Measuring success through:
Sales Tracking
Surveys and Questionnaires
Our advertising and PR creations- event participation, contest submissions, online banner click throughs, coupon usage
Customer Feedback/Database Building:
Use monitoring techniques
Offer incentives- such as a coupon to answer some questions
Official Corona Beer Facebook
Goal- Change perception our target markets have of Corona
HowUse a combination of Advertising, PR, Promo to showcase Corona’s new Brand Position
Why- Increase Corona sales to continue their top ranking