Miller Coors Beer Company-Current Event Article

Descriptive Summary miller Coors Beer participation is planning to entry a lemonade-flavored version of low-calorie beer to assist with slumping gross gross receipts in the summer of 2011, the busiest age for purchasing beer. The beer will be a limited var. harvest- measure, only selling from May by dint of Labor sidereal day in September. Their chief market policeman states that the company is expecting the brew to attract new consumers to the beer crime syndicate and to capitalize on the exploitation interest in flavored beers. Their gross revenue for their lower calorie beer, Miller Genuine Draft 64 was a huge gross producer for the company in 2008, however sales claim slumped since then and ar act to decline. The name further discusses a new marketing hunting expedition they will be scratch in 2011. This article is grand to heed because Miller Coors LLC tax has been declining and the Chief Marketing officer has recognized this and is attempting to increase coming(prenominal) income by capitalizing at the time when beer sales are at its blueest. This is also important for management because they put up recognized they essential new product development strategies as well as diversification.

General Analysis The current management trend is that management recognizes that they quiesce have a high market standing, however their sales are down, and they must be sophisticated, to be a attractor in introducing new products. dig and Donnelly (2009), state some of the close to successful business organizations are here today because numerous years ago they offered the gracious product at the right time to a cursorily growing market (p .6). distinctly Miller Coors is trying to d! o this by offering the product at the right time (lemonade) beer, in the summer when their sales are the highest. The main points of this article is to inform management and readers that the company is recognizing that the current trend in beer sales have declined and to create out and become innovative and to tap into a variant market and offer more to their...If you want to get a full essay, order it on our website: OrderEssay.net

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