Pepsi’s Bet on Community Projects Over the Super Bowl
That is the bet that PepsiCo made when it walked away from spending $20 million on television spots for Pepsi during last year’s Super Bowl and plowed the money into a monthly online contest for people to submit their ideas and compete for votes to win grants.
Withdrawing from the Super Bowl for the first time in 23 years and giving the money away for the Pepsi Refresh Project was considered a gamble by the beverage maker as it explored the potential of social media and cause-related marketing to make a difference in its business. But the company, despite accusations that some winners used questionable voting tactics, says it was a huge success and plans to expand it beyond the United States this year.
via nytimes.com