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Strategy of coca-cola
Strategy of coca cola company
The background of coca cola
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Introduction Coca Cola, the product which was invented by pharmacist John Stith Pembaton in 1886 to be the world’s most quality taste (Bellis, 2011). Moreover, in 1889 the Coca Cola brand and formula was bought by Asa Candler (the founder of Coca Cola Company) and incorporated the Coca Cola Company in 1892 (Bellis, 2011). The company manufacture, distribute and market the beverage around the world. The company’s main missions is to refresh the world- in spirit, mind and body, to inspire the moments of optimism through their actions and brand and to make difference and create value everywhere they join in. The company has their visions in order to achieve their missions. They aim to have high profit and to accomplish this goal they provide wide variety of products to its customers and work with the shareholder’s. In addition to that the company aim to provide a better work environment to increase the productivity and make it lean and effective. The company has their winning culture which means the things required to make their vision a reality in 2020. Muhtar Kent the CEO of the coca cola company says that the company markets 4 of the world’s top 5 non-alcoholic beverages to more than 200 countries. The Coca Cola Company targets their products for people above 12years and tends to have a better quality product by customers comments on the variety of drinks (cocacola). External factors There are many factors to look after while companies undergo marketing process. A company must be aware of the external environment to be profitable and to compete. The Coca Cola Company has to check the external factors to achieve the goals. Technological factors The technology is changing and evolving day by day so it is important to understand... ... middle of paper ... ...These three things can be there USPs because none of the other product has the brand name the trademark and their bottle shape. Conclusion If the company wants to achieve their goals they have to analyse the environment. Moreover, every company’s goal is fulfilled when they have maximum market. If Coca Cola Company analyse the environmental factors it will be easy to produce the flavour that customers wants and also can which environment they are going to market the product. If the company analyse environmental factors it can be known what type of product to produce. For example, in some countries they may have high market on Coca Cola cans. There is few disadvantages that may arise like the product may be not suitable for the culture, may not have high market or may not get enough profit. So it is important to analyse environmental factors and market the product.
Coca Cola Company has over 300 different brands across 200 countries. The company offers customers both carbonated and non-carbonated beverages which include fruit drink, fruit juice, sports drinks, bottle water and coffees. To stay ahead of the competition, Coca Cola is always developing new and existing brand locally and globally. The company does a good job investing a lot of money in marketing campaigns. These campaigns are meant to help with spreading awareness so that customers can stay inform of new and existing brands.
With the various things such as mixed cultures quality assurance employee training etc. it can be seen that Coca Cola is determined to be ‘The very best’. As a whole, Coca Cola do not only want to make profit and be the No.1 dinks company, but they also wish to help the community and environment to the best of their ability. With the amount of money that they have put into doing this, they push themselves to become even more successful by gaining more and more trust from customer. BLIOGRAOPHY Advanced Business: Michael Fardon Frank Adcock Ian Birth David Cox Michael Matchan
Key success factors in the industry are a strong brand presence, maintaining customer loyalty as exploring new markets and distribution channels as well as offering a diversified product line. Implications of these factors are strong competition and dependency of company’s behavior and marketing strategies on competitors’ behavior. This is especially true for Coca-Cola and PepsiCo since their flagship products are very much alike in look and taste.
To handle the enormous scope of its business, the Coca-Cola Company has divided into six operating units: Middle and Far East Groups, Europe, The Latin America Group, The North America, The Africa Group and The Minute Maid Company. The head Quarter is in the United States. Methods of Research I will use The method of research which I will use is the secondary research, i.e. I have asked The Coca-Cola Company to send me their history and annual reports. I will also call The Coca-Cola Company office to ask some details, I will also use ask them some relevant questions (questionnaire method), interview the people on the high street and will do some research over the Internet. From those sources I am going to finish my all other tasks.
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.
Therefore, the long-term brand of Coca cola and better pricing strategies would help in competing with Pepsi. Unlike, Pepsi, Coca cola had targeted entering into partnership and alliances with local distributors and firms. This helps to develop strong relationship within the domestic firms to reduce the domestic barriers and thus, enhance the company’s competitiveness (Thabet, 2015). Lastly, the Asian markets consist of related and supporting industries to the soft drink industry that helps the companies in gaining a strong competitive position in the markets. Based on the competitive advantage of nation’s model, Coca cola has more home based advantages to develop a competitive advantage in relation to other countries on a global
Control of market share is the key issue in this case study. The situation is both Coke and Pepsi are trying to gain market share in this beverage market, which is valued at over $30 billion a year. Just how is this done in such a competitive market is the underlying issue. The facts are that each company is coming up with new products and ideas in order to increase their market share.
... objects and customer regions. Do making a clear differentiation image between its soft drinks and bottled water. Because the consumers may believe that bottled water of Nestle sounds healthier than Coca-Cola brand since Nestle tend to emphasize their image on healthy food products. Then do market test for new taste, new packaging, or new innovation according to each regions, and especially for Europe, the company should launch the new one to replace Dasani image in order to seize their market shares. They may renew all nutrients and packaging. Finally Coca-Cola should continue its joint ventures with the regional companies in order to protect their products from barriers to entry both international trade restrictions and distribution channels. Furthermore, joint venture with local brand is a long term contract guarantee to make it easier for HOD to a specific region.
Coca-Cola’s goal was to propel Coke to be the number one beverage in the market. In addition, the company looked towards diversifying their portfolio of offerings by introducing other lines of soft drinks. As competitors such as Pepsi infiltrated the market, Coca- Cola lost sight of their company’s objectives. Executives became immersed in other issues such as government allegations, syrup prices, ownership of company franchises and ignored the principle issues such as the marketing and sale of their product.
The Coca-Cola Company was founded in 1892. Since its inception, the organization has seen a steady increase in its market share over the years, and to this day has operations in over 200 countries worldwide. To achieve such success in its competitive market, Coca-Cola has employed sound strategies that have helped it become among the leaders in its industry. The Coca-Cola Company utilizes Market Based Management (MBM) techniques as well as Value Driven Management (VDM) techniques within the organization and in its market to help the firm sustain its stronghold of the market.
The Coca Cola Company has been among the world’s top companies that have been able to perform well in all the areas of the world. The company follows the latest strategic research and evaluation methods to formulate such strategic policies that helps in not only meeting the customer expectations and desires but also achieving various organizational goals and objectives.
Coca Cola is a worldwide known company that is very successful. The success of this company is due to the structure and management of how this company has been run. " In 1886, John Permberton, an Atlanta pharmacist and civil war veteran with a passion for making home made headache cures, brewed the first batch of Coca-Cola." When Coca-Cola started to become popular a business man named As a Candler bought the beverage from Pemberton and started Coca-Cola on it's road to success. Candler had the resources to start the Coca-Cola Empire and due to the functions of management as a foundation, it has reached success and remained as one of the biggest companies in the world.
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.
Externa and internal factors play a crucial role in the future of any company. In our case, the Coca-Cola’s profitability and its overall performance is at stake. There are several external and internal factors, which cause implications and affect company’s position in the market.
...ke its decision to change the formula of Coke in 1980s but its overall performance has been quite impressive. At present, the company has adopted some new strategies in order to increase its market share in the international market and is rapidly expanding its operations worldwide. It is obvious from the above study, that the management of Coca Cola has been successful enough in devising its marketing and promotional strategy and this is the reason that Coca Cola is one of the well-known brands in the world. However, there are still some areas in which the company needs to bring improvements. For instance, in some countries where Pepsi has a market leadership, Coca Cola needs to improve its promotional strategies and offer more value to the consumers so that it may outperform Pepsi. Works Cited Coke Says Cheers, http://www.fool.com/News/Take/2003/take030320.htm