Ask Financial Management Expert

White Rock Uses Marketing Strategies to Revitalize Company Larry Bodkin had a tough road ahead of him when he became president of White Rock Beverages. Founded in the late 1800s, White Rock’s sparkling water reached its heyday in the early 20th century as the water of the upper class. However, by the end of the century, White Rock was struggling to survive. Growth had stagnated, and new strategies were needed to keep the White Rock brand alive. White Rock used a combination of different marketing strategies to revitalize the company. For years it utilized a hybrid distribution system to sell directly to distributors in some markets and to retailers in other markets. In the process, White Rock uses customer service as a differentiator between its beverages and its competitors. White Rock customers feel like the company is responsive to their needs, with many becoming loyal to the White Rock brand. Another way in which White Rock differentiates itself from companies like Coca-Cola and Pepsi is by its branding strategy. The company recognizes that one of its key strengths is as a premium brand for a niche market segment. White Rock targets the health-food segment by marketing itself as a unique, healthy brand. It also capitalizes on its history as one of the oldest sparkling beverage companies in America. This brand appeal has become so important that White Rock challenged Coca-Cola after Coke claimed that it created today’s modern image of Santa Claus. Bodkin demanded an apology from Coca-Cola when it was revealed that White Rock had been using the modern Santa Claus ad two decades prior to Coca-Cola’s Santa ads. By developing a strong, authentic brand image, White Rock is attempting to re-assert its brand into the minds of consumers. White Rock’s efforts have been successful in stimulating growth. The company grew 10 percent in 2009. However, since White Rock recognizes that its brand has matured (meaning that growth will likely be minimal), the company is adapting its strategy by introducing White Rock in new containers and sizes. For instance, it developed the White Rock Punch ‘n’ Fruity juice boxes, which are meant to appeal to on-the-go consumers and parents. Additionally, White Rock is breaking into the organic industry with its line of White Rock organics, made with cane sugar and natural fruit extracts. White Rock is also pursuing an acquisition strategy of other brands. In addition to the White Rock brand, the company owns the Sioux City and Olde Brooklyn brands. Both brand names appeal to a bygone era. White Rock credits its nationally distributed Sioux City brand as one of the first brand of soft drinks to carry a Western theme. Olde Brooklyn’s flavors are named after Brooklyn neighborhoods that imbue the brand with a sense of authenticity. Olde Brooklyn also lacks preservatives, which appeal more to the health food market. By using brands such as Olde Brooklyn to gain entry into health-food stores like Trader Joe’s, White Rock hopes to expand its market of distribution and secure more growth for the company. After reading White Rock Uses Marketing Strategies to Revitalize Company, and based on your readings from our textbook, write a 300-400 word essay in which you address the following questions: • What does a SWOT analysis reveal about White Rock? • How has White Rock used market segmentation, targeting, and positioning in developing and executing a plan to ensure the survival and success of the company? • How has White Rock used the four Ps of marketing ¾ product, price, place, and promotion ¾ to develop and execute a plan for ensuring the survival and success of the company? • What beneficial options would you suggest for this company? Please use at least 3 scholarly references and cite them in APA format. Also please use some relevant quotes.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M91737469

Have any Question?


Related Questions in Financial Management

Assignment problems1 on the day harry was born his parents

Assignment Problems 1. On the day Harry was born, his parents put $1600 into an investment account that promises to pay a fixed interest rate of 5 percent per year. How much money will Harry have in this account when he ...

1 activities of a company that require the spending of cash

1) Activities of a company that require the spending of cash are known as: A) Uses of cash. B) Cash on hand. C) Cash receipts. D) Sources of cash. E) Cash collections. 2) Relationships determined from a firm's financial ...

Module discussion forumto prepare for this discussion

Module : Discussion Forum To prepare for this discussion, review "Basics of Speechwriting" and "Basics of Giving a Speech" in textbook Chapter 15. Then watch this video of Apple founder and CEO Steve Jobs giving the 2005 ...

Launching a new product linefor this portfolio project

Launching a New Product Line For this Portfolio Project Option, you will act as an employee in a large company that develops and distributes men's and women's personal care products. The company has developed a new produ ...

Question 1 discuss valuing bonds and how interest rates

Question : 1) Discuss valuing bonds and how interest rates affect their value. Also consider the importance of the yield-to-maturity (YTM). 2) Discuss common stocks and preferred stocks. Also, which common stock valuatio ...

Introductionlast week you determined the root causes of the

Introduction Last week, you determined the root cause(s) of the problem you are trying to resolve for your final paper. As a reminder, the decision you are working on is the one that you selected in week two. This week, ...

You have owned and operated a successful brick-and-mortar

You have owned and operated a successful brick-and-mortar business for several years. Due to increased competition from other retailers, you have decided to expand your operations to sell your products via the Internet. ...

You will be conducting an interview with a market research

You will be conducting an interview with a market research professional or a company representative. Use the results of your research to make specific recommendations on how market research can be applied to the Marketpl ...

Question 1 what is marketing research what are the two

Question 1: What is marketing research? What are the two primary types of research? Question 2: What factors influence marketing research? Question 3: The role of statistics in business decision-making? Assignment : Sele ...

Chapter 74 for commercial banks what is meant by a managed

Chapter 7 4. For commercial banks, what is meant by a managed liability? What role do liquid assets play on the balance sheet of commercial banks? What role do money market instruments play in the asset and liability man ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As