The New Coke story is one of my favorite in marketing history. It is, in fact, one of the biggest marketing flops in history, right up there with the Ford Edsel and the Chevy Nova being sold in Mexico; but there is a twist. Some have called the move INGENIUS.
At the time of the New Coke, the Coca Cola company was quickly losing its market share to Pepsi... the whole "Pepsi Challenge" really did prove that Pepsi has a better taste than Coke (and it does, I dare you to do a blind taste test). So, Coke comes out with "new" coke and people are outraged and infuriated. How could a giant, multibillion dollar, fortune 100 company like Coca Cola not have known the reaction that the new Coke would have generated?
So what happened? They bring back the old Coke, as Coca Cola Classic and sales went through the roof. Coke blasted ahead of Pepsi in the cola wars and haven't looked back; Pepsi has sat in second place ever since.
Market flop... or brilliance? The debate rages on......
The New Coke story is one of my favorite in marketing history. It is, in fact, one of the biggest marketing flops in history, right up there with the Ford Edsel and the Chevy Nova being sold in Mexico; but there is a twist. Some have called the move INGENIUS.
At the time of the New Coke, the Coca Cola company was quickly losing its market share to Pepsi... the whole "Pepsi Challenge" really did prove that Pepsi has a better taste than Coke (and it does, I dare you to do a blind taste test). So, Coke comes out with "new" coke and people are outraged and infuriated. How could a giant, multibillion dollar, fortune 100 company like Coca Cola not have known the reaction that the new Coke would have generated?
So what happened? They bring back the old Coke, as Coca Cola Classic and sales went through the roof. Coke blasted ahead of Pepsi in the cola wars and haven't looked back; Pepsi has sat in second place ever since.
Market flop... or brilliance? The debate rages on......
Taste testing is flawed! I know that because I read wikipedia
The New Coke story is one of my favorite in marketing history. It is, in fact, one of the biggest marketing flops in history, right up there with the Ford Edsel and the Chevy Nova being sold in Mexico; but there is a twist. Some have called the move INGENIUS.
At the time of the New Coke, the Coca Cola company was quickly losing its market share to Pepsi... the whole "Pepsi Challenge" really did prove that Pepsi has a better taste than Coke (and it does, I dare you to do a blind taste test). So, Coke comes out with "new" coke and people are outraged and infuriated. How could a giant, multibillion dollar, fortune 100 company like Coca Cola not have known the reaction that the new Coke would have generated?
So what happened? They bring back the old Coke, as Coca Cola Classic and sales went through the roof. Coke blasted ahead of Pepsi in the cola wars and haven't looked back; Pepsi has sat in second place ever since.
Market flop... or brilliance? The debate rages on......
So you're suggesting that Coke purposely put out a bad product so that millions and millions of it's customers would switch to Pepsi so that later, they could introduce Coca-Cola Classic and bring back all of the customers that they had in the first place?
I'm afraid that makes absolutely zero sense. What "debate" are you talking about, anyway? This is the first time I've ever heard that Coke purposely created "New Coke" so that it would fail.
The New Coke story is one of my favorite in marketing history. It is, in fact, one of the biggest marketing flops in history, right up there with the Ford Edsel and the Chevy Nova being sold in Mexico; but there is a twist. Some have called the move INGENIUS.
At the time of the New Coke, the Coca Cola company was quickly losing its market share to Pepsi... the whole "Pepsi Challenge" really did prove that Pepsi has a better taste than Coke (and it does, I dare you to do a blind taste test). So, Coke comes out with "new" coke and people are outraged and infuriated. How could a giant, multibillion dollar, fortune 100 company like Coca Cola not have known the reaction that the new Coke would have generated?
So what happened? They bring back the old Coke, as Coca Cola Classic and sales went through the roof. Coke blasted ahead of Pepsi in the cola wars and haven't looked back; Pepsi has sat in second place ever since.
Market flop... or brilliance? The debate rages on......
So you're suggesting that Coke purposely put out a bad product so that millions and millions of it's customers would switch to Pepsi so that later, they could introduce Coca-Cola Classic and bring back all of the customers that they had in the first place?
I'm afraid that makes absolutely zero sense. What "debate" are you talking about, anyway? This is the first time I've ever heard that Coke purposely created "New Coke" so that it would fail.
Read it again. Coke didn't just get its own fans back; it shot up to first with lightning speed once the Classic was returned, and Pepsi has been distantly second ever since.
They didn't just get their own fans back, they got back the fans they lost, too, and some people who hadn't been fans in the first place.