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The main purpose of internal control
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As an outside consultant, a brief analysis of the Coca Cola business will outline motivation for the employee and the organization. Additionally, information will offer basic training knowledge through three distinct areas. These areas are employee growth, legal requirements and, diversity. Within these three areas, each of the programs can meet personal and professional employee needs, while demonstrating what the company gains by offering training.
Coca Cola is the number one nonalcoholic beverage company and it is also the world's most recognizable brand. This company is the home for five other top drinks as well which are coke, diet coke, fanta and sprite. Having the world’s largest distribution system and selling to more than 200 countries worldwide, these soft drinks combined are All of these combined are worth in excess of 16 billion dollars.
Legal Requirements
Coca Cola Company believes in responsible corporate governance and they participate in political process to educate the U.S policy makers and help shape reasonable policies that impact their business (Coca-Cola Company, 2012). This company also complies legal requirements regarding contributions to political organizations, candidates for federal, state and local public office, ballot measure campaigns, political action committees and trade associations. Coca Cola's is currently involved with these individuals and organizations as part of taking a proactive approach in the commitment to the communities they engage in. All contributions and activity of the political sense associated with the company partner with Political Action Committees (PAC). PAC complies with the requirements for legal reporting, regulations of the United States laws. Ensuring everyth...
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...nefits and rewards that is also including for the employees. Included in the most prevalent aspect that comprise their rewards programs are long term incentives, base salary, benefits and, annual incentives. The benefits listed are programs to ensure that employees receive this and are provided with diverse options that address the issues of individuals and families and promote healthy lifestyles (Coca-Cola Company, 2012). Coca Cola has very strong business values and are very organized with how they want to run their business.
Overall viewing this company from an outside perspective they are a very highly profitable company but also know the values and programs that need to be placed in order to stay successful. Having a regular scheduled training base, programs will help keep the employees refreshed, knowledgeable and room to grow within their job position.
One of the Coca-Cola Company’s strongest strengths lies in its ability to conduct business on a global scale while maintaining a local approach, one of the most intelligent strategies thought up by the human resource department of Coca-Cola.
Analysis of the Coca-Cola Company The Coca-Cola Company is the world's leading manufacturer, marketer and distributor of soft-drink concentrates and syrups. The Coca-Cola Company is the world's leading manufacturer, marketer and distributor of soft-drink concentrates and syrups. The Company markets many of the world's top soft drink brands, including Coca-Cola, Diet Coke, Sprite and Fanta. Through the world's largest and most pervasive distribution system, consumers in nearly 200 countries enjoy the Company's products at a rate of more than one billion serving a day.
Coca Cola has been around for over a century. The refreshing beverage has become a staple in American culture with its very convincing ads. From its famous hilltop commercial by sending positive message of diversity to being a helping hand with World War 2 by adding political views on their ads to convince the public to help out. During the country’s economic hit from the great depression, their ads still convinced the viewers to buy their products. The company even created a character that will forever become a part of American culture. Aside from creating a piece of Americana, Coca Cola ads are an influence to the younger audience by incorporating celebrities and famous artists that are popular to draw in the viewer. Also by creating ads
Like most businesses, the Coca-Cola Company has a system of control mechanisms in place to help guide the activities of its employees. One bureaucratic control mechanism that is utilized by Coca-Cola is an audit. Coca-Cola’s Audit Committee Charter is responsible for ensuring the integrity of financial statements, overseeing internal financial controls, and evaluating the company’s internal audit function (The Coca-Cola Company, 2008). Another bureaucratic control is the Code of Business Conduct, which guides the actions of the employees in a manner that is consistent with the company’s values. “The Code helps our...
Without a doubt, no beverage company compares to Coca-Cola’s social popularity or brand notoriety. Some people buy coke, not only because of its taste, but because it is also the most socially accepted brand. Another strength that is very important to Coca-Cola is customer loyalty. For instance, in a household where parents are avid Coke drinkers, this will be passed down to their children. Customers will continuously but Coke.
Jeseph University, S. S. (2006). Evidence of The Coca Cola Company’s Human Rights Abuses and Environmental Violations brought to. Saint Joseph’s University Students for Workers’ Rights, 1, 1-78. Retrieved April 22, 2014, from Evidence of The Coca Cola Company’s Human Rights Abuses and Environmental Violations brought to
Coca –Cola (KO) is one of the world’s largest beverage companies. Company was incorporated in September 1919 under the State of Delaware law and headquarters is located in Atlanta Georgia. But from 1886, company established its brand in US (Coca-Cola, 2012, p. 1). Currently company is providing for more than 500 varieties of non-alcoholic sparkles to the customers around the world. Apart from this, company also serve for still beverages that includes enhanced water, water, ready-to-drink, juices, energy drink, sport drinks and so on.
This report has been prepared in order to analyse the operations and financial position of Coca Cola Amatil Limited (CCA). This report will begin by providing a summary of background and history of CCA including its portfolio, formation and relationship with the Coca Cola Company. The report will then provide a brief on the corporate governance of the company with an overview of the Board of Directors and Management Board as well as several sub committees in order to give an insight into the agency of CCA.
He explained that the company culture of Coca-Cola is structured by seven core values namely accountability, quality, diversity, collaboration, integrity, passion and leadership. Their culture is strong because these values are deeply embedded and adhered to by employees who accept and commit to them. He reiterated that the employees are committed to transforming the company and the work environment is a platform that employees use to share ideas and develop beneficial and meaningful opportunities as well as resources and skills. Passion plays a big role in the company’s culture because the attention is not only concentrated on the company’s brands but on the employees and the public in
Coca-Cola is a popular carbonated soda created in the 1880's. This beverage has become popular all over the world and can be found in nearly every country, every state, and every store. Since the Coca-Cola company was created, billions of the soda have been sold. The company has grown tremendously over the years.
This is a great model for the company because they can keep their logistic costs down by helping other companies expand their distribution networks. Experimentation with the new market for carbonated beverages on the decline, Coke has done experiments in new flavors and healthier alternatives to try to stay competitive. As well as investing in “Keurig Green Mountain is a K-Cup maker but has a new Keurig Cold that can deliver Coca-Cola through the new system.” (Cooper, 2014) Learning from experience, Coca-Cola has had some fierce competition over the years but nothing in the form of an entire health market shift like now.
Coca - Cola : Claims, Values and Polices Coca-Cola is a well-known and cherished brand name. When people think of this name, memories tend to overflow in their heads. Why do you need to be a member? Because, not only does Coke taste great and refresh your own personal memories, it also fills you with memories of the Coca-Cola like "Always Coca-Cola", the antics of the Coke polar bears, and all of the different ads that have represented Coke over the years. Just about every ad you see, as a consumer, has tons of hidden meanings.
Coca-Cola is a company with sustainable competitive advantage. The company is innovative and has an extensive business model with boasts of a sustainable distribution network. The company was incorporated in the late 1800s to commence the production of a sweet fizzy beverage that has become the world's most known brand. Presently, the company is still on an upward trajectory as it remains one of the world's most sought-after stocks. The company's competitive advantage has shown resilience and sustainability over the years.
Customers and consumers are used frequently to define the same individual but there is a difference. The difference between a customer and a consumer is determined by the path of the product after it is purchased. If the individual purchasing an item is the one who will use it, they are the consumer. If the customer is giving the product as a gift or purchasing it for someone else for any reason, the person who will use the product or benefit from its purchase is the actual consumer.
Look SDmart, Retrieved 05/16/07, from http://findarticles.com/p/articles/mi_m1365/is_1_31/ai_63974359/print. Coca-Cola: A Technological View, retrieved 5/18/07, from http://projects.olin.edu/ahs/HOT2004/PolarBears/content.htm. Coca-Cola Our Company- Around The World, retrieved 5/18/07 from http://www.coca-cola http://www.thecoca-colacompany.com/ourcompany/aroundworld.html Nutrition Business Journal. Penton Publishing. October/November 2005.