Ansoffs Matrix is a useful tool for examining a companys product
range. The four main options are: 1. Market penetration 2. Product development . Market development !. "iversification #nformation a$out some of the products produced $y %oca %ola is given $elo&. 'ead this information and complete the tasks over the page: 1. Diet Coke (ince $eing introduced in 1)*2 as a result of a gro&ing trend to&ards dieting and healthier living+ "iet %oke has $een a highly successful product for the %oca %ola company+ selling millions of units per year. Throughout this time+ %oca %ola has constantly adapted aspects of the marketing mix for "iet %oke in order to continually match customer trends and fashions. 2. Coca Cola Vanilla ,aving had a successful launch in America+ %oca %ola decided to launch its ne& -anilla flavoured version in .reat /ritain. Prior to doing so+ %oca %ola carried out taste tests and developed the graphical 0look of the "iet %oke $rand. 1hen they did this+ they took great care to incorporate aspects of the %oca %ola $rand+ $ut still differentiating it so consumers &ould see it as an alternative to %oke. 3. Fanta Icy e!on The development of a ne& flavour sparkling drink $y %oca %ola &as as a direct result of listening to consumers &ho called the companys %areline telephone service. The $usiness conducted taste tests prior to the 2221 launch. ". Coca Cola #$are #i%e 1.&l 'ottle "esk research sho&ed %oca %ola that a gro&ing num$er of households contained 132 people+ &hich led them to $elieve that a smaller version of the 2 litre family si4ed $ottle &ould sell &ell to these groups. #n launching this Ansoffs Matrix IB Business & Management product 5simply sell existing $rands such as %oca %ola+ "iet %oke etc6+ %oke did need to alter the product itself+ merely different aspects of the marketing mix. &. (innie t$e )oo$ *oo +,ice 'esearch informed %oca %ola of the opportunity to target parents of children aged 237 years &ith a 8uice drink that &as packaged in a fun and colourful manner. They chose the characters from 1innie the Pooh for their universal appeal to children and made the product appeal to $oth children and their parents. -. )o.era/e %oca %ola developed the energy drink 0Po&erade in response to gro&th in the sports drink market. Much research &as carried out into potential competitors &ithin this segment prior to the drinks development and launch. 0,estions1 1. 9n the matrix provided+ &rite in the products sho&n a$ove: 2- !arks3 2. :or each product+ &rite a short paragraph explaining &hy you have located &here you on the matrix. 212 !arks3 Ansoffs Matrix IB Business & Management Market Penetration Product Development Market Development Diversification . ;xplain $o. and .$y $usinesses such as %oca %ola use Ansoffs Matrix. 212 !arks3 4otal1 35 !arks Ansoffs Matrix IB Business & Management