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Brief history of coca cola company
The history of coca cola
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Critique the way in which Coca-Cola has managed its brand over time. Has the strategic approach to brand associations taken by the organisation worked well for the overall brand strategy?
The Coca-Cola Company (Coca-Cola or ‘the company’) is a manufacturer, distributor and marketer of non-alcoholic beverage concentrates, syrups and finished sparkling and still beverages. (Marketline, 2012) Since 1886, the brand Coca-Cola has expanded step by step, and is ranged as the first among beverages companies in the world. Since Coca-Cola has become one of the world’s most recognizable brands, to analyse the strategic approach to brand association, it is necessary to understand the strategic approach of Coca-Cola in the contemporary commercial world. Therefore, in this essay, Coca-Cola Company will be used as a case study to analyse its strategic brand association, especially in terms of sport sponsorship and corporate social responsibility (CSR) programs.
To begin with, it is important to make clear the overall brand strategy of Coca-Cola. Coca-Cola as the largest beverages company in the world has a long history of brand associations carefully selected by the organisation. Secondly, it has been doing extensive advertising involving both traditional media and new media including web 2.0(Shirky, 2011) in recent years, which ensures the continual exposure of this historical brand. Besides, all the association and advertising are all based on the brand core values, which basically demonstrate ‘the identity that the audiences of the corporation perceive in terms of the organisation and its products. (Olins,1995:xvii)’. Happy, healthy, friendly and energetic and historical are common perspectives of the brands as core value.
Brand associ...
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...ost Shareholders up to $12 Billion - UC Davis Graduate School of Management. [online] Available at: http://gsm.ucdavis.edu/news-release/tiger-woods-scandal-cost-shareholders-12-billion [Accessed: 8 Jan 2014].
L'etang, J. (2008) Public relations. Los Angeles: SAGE.
Olins, W. and Olins, W. (1995) The new guide to identity. Brookfield, Vt.: Design Council/Gower.
Palmer, A. (2012) Introduction to marketing. Oxford: Oxford University Press.
Shirky, C. (2011) Cognitive surplus. New York: Penguin Books.
Snider, J., Hill, R. P. and Martin, D. (2003) Corporate social responsibility in the 21st century: a view from the world's most successful firms. Journal of Business ethics, 48 (2), pp. 175--187.
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Wragg, D. W. (1994) The effective use of sponsorship. London: Kogan Page.
Opinions coupled alongside historical accounts provide a lesson demonstrating the truths of Coke’s corporate greed. Elmore’s argument development progresses in a way that the reader becomes furthered dismayed as the history lesson goes on. Coca-Cola ravaged precious water resources in third world countries which eventually resulted in a scale of humanitarian crisis, yet today The Coca-Cola Foundation’s mission statement reads: “…[We have] Committed ourselves to improving the quality of life in the communities where we do business”. Television commercials depicting delight paired with the soft drink, Coca-Cola’s slogan of, “open happiness” along with massive international event sponsorships that universally are recognized currently label the company as having a positive impact in communities. Elmore’s arguments successfully connect the dots, illustrating to the reader on the dissolute framework which held together and lead to the rise in Coca-Cola’s present day
Windsor, D. (2001). The future of corporate social responsibility. International Journal of Organizational Analysis, 9 (3): 225-256.
Brand Image / Loyalty: Coke and Pepsi have a long history of heavy advertising and this has earned them huge amount of...
Advertising today compared to the 1920’s has increased dramatically, but the goals have stayed the same. For the first time, the 1920 Antwerp Olympics programme was filled with a large amount of corporate advertising. Coca-Cola in 1928 began its partnership with the Olympic Games, and concessionaries were allowed to operate restaurants within the stadium. (100 Years of Olympic Marketing , 2017) Companies still try to have brand loyalty and advertise to gain a profit through recognition.
... 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.
Waldman, D., Kenett, R. S. and Zilberg, T. 2010. Corporate Social Responsibility: What it really is, Why it’s so important, and How it should be managed. School of Global Management and Leadership, Arizona State University.
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.
As the world 's largest manufacturer and distributor of non-alcoholic beverages, Coca-Cola is certainly no stranger to global marketing. Established in the US, Coca-Cola initiated its global expansion in 1919 and now markets to more than 200 countries worldwide. It is one of the most recognizable brands on the planet and also owns a large portfolio of other soft drink brands including Schweppes, Oasis, 5 alive, Kea Oar, Fanta, Lilt, Dr Pepper, Sprite and PowerAde. Despite this, Coca-Cola often struggles to maintain its market share over its main rival PepsiCo in some overseas markets, particularly Asian countries.
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.
For many years sponsorship and sports marketing have been in existence and has now been greatly improved. Hardly can organizers of major events expect to receive some funds without expecting to give something back in return. A couple of years ago, sponsorship could be regarded has more charitable or charitable, but in recent years, that has changed significantly. In the business world there are two main basics of any successful business, the first one is a market, and the second is a demand or customers in this market. These two things at least will sustain any new business nowadays. Many fundamentals come will later in this manner as the market study, place, products, price, promotions, and lots which they improve any kind of business more for higher points. Some main ways of increasing the brand name of any service or product around the world are advertising, and sponsorship. The two companies I am going to discuss are two leading companies in the market the first is an airlines company Emirates, and the other is Red bull the leading energy drink company. Both companies are into sponsorships, and support a big number of team’s individuals in many sport fields, and they are gaining a lot of marketing successes through this strategy. In this essay I will be focusing on sponsorship, and how it is identified as strategic marketing opportunity through the event sponsored, financial gain of the sponsorship or loses, gaps in marketing research between in companies in choosing the right time, place, and who to sponsor in a relation to the profitability later on, also the evaluation of the traditional and digital media for the event sponsored, and the evaluation of the fit between the sponsor- event sponsored. All these through the expl...
Vogel, D., 2005. The market for virtue the potential and limits of corporate social responsibility. Washington, D.C.: Brookings Institution.
Thanks to my fascination with PepsiCo and partly because this is an assignment, I went online and search for some of PepsiCo’s most successful and ongoing marketing campaigns and strategies. During my research I noticed several daring marketing strategies Pepsi employed throughout the years. For example, gaining the support of Michael Jackson in the 1980’s and latest gaining the endorsement of global pop star Beyoncé.
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.
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.
Changes in the external environment will create opportunities or threats in the market place Coca cola must be aware off. Fluctuations in the economy, changing customer attitudes and values, and demographic patterns heavily influence the s...