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Ethical issues that Coca-Cola faces
Ethical issues that Coca-Cola faces
Coca-Cola social responsible interesting
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Coca-Cola’s Mission
“Our roadmap stars with our mission, which is enduring, it declares our purpose as a company and serves as the standard against which we weigh our actions and decisions” (Coca-Cola Co).
• To refresh the world…
• To inspire moments of optimism and happiness…
• To create value and make a difference.
Coca-Cola’s Vision
“Our vision serves as the framework for our roadmap and guides every aspect of our business by describing what we need to accomplish in order to continue achieving sustainable, quality growth” (Coca-Cola Co).
• People- Provide a working environment where people are inspired to be the best
• Portfolio- Fulfill consumers needs and desires through a portfolio of quality beverage brands
• Partners- Create a team of customers and suppliers where together we create a lasting partnership.
• Planet- Help build and support sustainable communities.
• Profit- Maximize long-term return to shareowners.
I. Summary
An Atlanta Pharmacist, Dr. John S. Pemberton, created Coca-Cola in 1866 (Coca Cola Co). The company grew to be today’s largest non-alcoholic beverage company with operations all over the world. The company strives to make the best work environment for its employees and for its suppliers to follow the same form of conduct. Fortune magazine has named them 4th Most Admired Company, while they rank within the top 50 of most diverse companies. They battle for consumers with PepsiCo, another leading non-alcoholic beverage company. To face similarities between the two companies products, Coca-Cola does a great job of marketing its beverages to all sorts of demographics by changing the flavors and size of its containers. On top of that they are becoming a “greener” company by trying to reduce their ecolo...
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...tners and our suppliers to avoid causing, or contributing to, adverse human rights impacts as a result of business actions and to address such impacts when they occur. Furthermore, our Company, bottling partners, and suppliers are also responsible for preventing or mitigating adverse human rights impacts directly linked to their operations, products or services by their business relationships” (Coca-Cola Co).
F. Cultural Environment
Coca- Cola has many plants positioned around the world. Because of this, they must be sensitive to the cultural needs of their employees and consumers. The brand of Coca-Cola is seen by consumers as a product that brings families together for celebrations. The company also wishes others to view them as respecting individuals + valuing differences + representing our consumers and the markets we do business= Diversity (Coca-Cola Co).
Both, vision and mission statements provide purpose to organizations. Therefore, they should set the foundation for the strategic planning process. However, if and organizations strategic direction evolves, leaders should consider revising the organization’s mission and vision
Any successful organization in in the 21st century should have a mission and a vision. When an organization has a foundation and a purpose for existence, they will have the basic qualities of a successful establishment. To follow through with a mission, a vision must be created. A vision is based off of a company’s purpose for existence and formation of long-term goals. Without goals, an organization has nothing to work for and no reason to become successful. While working at Safeway, I was aware of the mission of the company and the vision that the company had.
The concept of a vision statement, if approached correctly and if properly crafted, can ensure the direction and culture of an organization. This occurs because a vision statement expresses what you want your organization to look like in the future. It is the source of focus and inspiration, as well as the framework for any strategic planning.
For example, in January 2005 leader in the Coca-Cola Company human resource department around the world decided to decided to improve Coca-Cola overall mission after an honest assessment was made by the company top company officials. These improvements sought to improve the success, growth and structure of Coca-Cola and to better deal with the task and people of today and their relationship with independent bottlers. After following the same mission statement over a hundred years, recent concerns led to improvements to Coca-Cola mission statement called the Manifesto for Growth. The Manifesto is an overall vision of the company made up of several components, and these components ar...
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.
“The “vision thing” is still with us, but while leaders insist in having a compelling vision, the fact is that many – both the leaders and the visions – leave people standing still, unmoved. A leader who engages stakeholders when developing a vision will, in the end, articulate one that resonates strongly and impels people to act”. (Gandz, 2009). Once the vision statement is created Orange Industries’ effective leadership will propose a plan on how they must execute. This could be described in a mission statement and measured and reviewed at semi-annually
Future-focused decision-making. Protect, nurture, and grow our business in the global economy. Effective, efficient use of our resources to maximize profits," (Hendrickson, n.d.) summarized in our slogan "the world rides on us," (Hendrickson, n.d.). A vision statement should describe the company's goal of who they will be in the future, their definition of success, and actions needed to realize the future goals (Kinicki, 2016). Hendrickson's vision statement does not communicate this information as effectively as the mission statement achieved its goal.
Using our portfolio of brands to differentiate our content, services and consumer products, we seek to develop the most creative, innovative and profitable entertainment experiences and related products in the world.” (Jurevicius, 2013) The mission statement of a company is ideally suppose to possess ten variables in its business plan in order to capitalize on future organizational success. These ten variables are identifying the organization’s customers; products or services; technology; concern for survival; growth and profitability; philosophy; self-concept; concern for public image and concern for employees, which is identified by Fred R. David in the text on pg. 54. We can all vouch that both vision and mission statements are important, but on the other hand we can also agree with the former CEO of IBM, Mr. Louis V Gerstner. He states, “The last thing IBM needs right now is a vision.” (Gifford, 2010) I personally believe many would feel the same way toward their organizational vision and mission statements as Mr.
The One Plan and One Goal components also indicate that the mission statement focuses and unifies Ford’s global organizational efforts to improve business performance and achieve the global leadership point in the company’s vision statement” (Ford). Ford’s vision statement is “people working together as a lean, global enterprise for automotive leadership.” (Ford). The company also explains that organizational performance is measured by the satisfaction of their customers, employees, investors, dealers, suppliers, and communities. Ford’s vision statement states that the company places a great deal of emphases on global leadership, stakeholder relations, and lean business in their quest to become the world’s leading automotive brand in products and services. Ford Motor Company prides itself as a company that is passionately committed to providing personal mobility for people around the
• This business plan leads the way. It renews our vision and strategic focus on the quality and value we put in our products and the market segment originally targeted. Our vision has been broadened by the success we have found in the marketplace, to the extent of adding new products and current plans on additional items and services. It has given us a step-by-step plan to meet and exceed our goals for increased sales, gross margin, and profitability.
Today Coca-Cola has an annual revenue of over 43 Billion and is operating in every country in the world but 2. Coca-Cola has also recently been allocating its resources to sustainability efforts within the company with an emphasis on water stewardship, energy and climate, packaging, and agriculture. When Greg Koch, Senior Director for Water Stewardship, was asked why Coca-Cola cares about water he said, “Well, water is truly at the heart of our business. It is an essential ingredient in all of our beverages and is used to grow the agricultural ingredients on which we rely. Water is also critical to the health and economic prosperity of the communities we serve and operate in. If communities are not sustainable, neither is our business.”
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.
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.
Vision and mission statements play a vital role in the strategic planning of an organization. Aguinis (2013) states defining an organization’s current and future identity are a key component of the strategic planning process. Strategic planning creates a blueprint to chart an organization’s goals and to aid in the division of resources to properly achieve the established goals (Aguinis, 2013). Properly communicating the goals and identity of an organization are essential if employees are to completely understand their purpose and mission to the organization. A review of the vision and mission statements for Harley Davidson reflects certain insights into the identity of the organization but also reflects some areas of improvement in adequately including the eight characteristics of an ideal mission statement.
It is essential that the management in any organization agree upon the basic vision of the company that it strives to achieve in the long term. A vision statement should answer the question, “What do we want to become?” A clear vision statement lays a foundation for the preparation of a comprehensive mission statement.