You work for an international food and beverage company, and the
CEO of the company wants to introduce a new beverage product in the US
market for 2021. Your team is charged with the following tasks:
- Develop a new beverage product concept that can be brought to
market by 2021. The product should have broad appeal for the US
market (i.e., nothing illegal or distasteful).
- Present a five-year marketing plan to upper management that
includes a description of the product, a plan for where it will be sold,
a summary of the existing competition, and recommended promotion
strategies that can help to sustain sales volume and profits for several
years.
- The CEO is especially concerned about the risks of a recession in
the next 2-3 years, so your plan should consider ways to make the new
product less susceptible to recession.
You should assemble a document that addresses each of these
components for the product launch. The points assigned to this project
are evenly divided among 5 components — product description,
competition summary, marketing and promotional strategies, recession
resilience, and presentation quality. So, you should allocate most of
your effort to the economic components of this analysis.