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Global media and globalization
Global media and globalization
Competitive strategy of Coca-Cola
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Introduction
The cultural artefact I will be discussing in this essay is Coca Cola. Coca Cola is a very popular fizzy drink sold in many food stores, restaurants, and vending machines all around the world. It is one of the most well-known brands in world. Coca cola was first made by a company of Alanta, Geogia. It was originally invented by a man called John Pemberton as was sold to people as a medicine however it was brought out by a businessman called Asa Griggs Candler. With his marketing skills it led Coca Cola became a global drink sold all around the world. As a result of market share Coca Cola companies now operate in over 200 countries and have over 84,000 suppliers. Now over 70% of Coca Cola’s income is produced from non-US sources (Coca Cola Company 2012). Coca Cola is an example of culture because it is a drink consumed by many people all around the world. The Coca Cola Company is a multinational business and it depends on its consumers to make its profits. Coca cola is a drink consumed by all cultures regardless of them being highbrow, middle brow or lowbrow. Any culture can purchase the drink as it is reasonably priced. This essay will look at how Coca Cola became globalised and some of the affects it has had on culture.
Coca Cola’s Journey to Globalisation
Coca Cola was first founded back in the 1880’s. It was developed as an American iconic brand recognized for high quality and consistency. During this period a demand for recognition of the brand name was important for the company. Coca Cola met these demands with its red and white logo packaging and brand marketing to encourage consumers that the Coca Cola would taste the same anywhere else it was purchased. These marketing strategies became the foundation for Co...
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...ure. Marxist explains the impacts of culture in terms of exploitation and maintenance to the ruling class. Though globalisation creates cultural hybridisation and cultural hegemony, it may not be disadvantage of culture but may just be a way of life. There will always be winners and losers and culture will always change in time and space.
Reference
Berger, Arthur Asa. Reading Matter: Multidisciplinary Perspectives on Material Culture. New Brunswick, NJ: Transaction Publishers, 1992. http://www.wikinvest.com/stock/Coca-Cola_Company Date Accessed: 29.5.14. http://business.highbeam.com/409024/article-1G1-362503771/coca-cola-co-files-sec-form-10k-annual-report-section Date Accessed: 25.5.14.
McLuhan, Marshall. The Mechanical Bride: The Folklore of Industrial Man. Beacon Press, 1967.
Watters, Pat. Coca-Cola. Garden City: Doubleday & Company, Inc., 1978. 214-232.
American Soft Drink and the Company That Makes It. 3rd ed. New York: Basic, 2013.
It has grown into a multibillion dollar international company. It also owns one of the most valuable brands in the world. Their Coca-Cola banner has won the world’s top brand 13 times on brand c-consulting firm Interbrand’s annual list (Fraser, 2012). In addition to its main product, Coke, the company owns over 3500 beverages. One of its core competencies is brand building. They have built their brand to have respectability and dependability. Their brand and logo are recognized all around the globe. It has actually become a new known on almost all households worldwide (RNWILKIN,
A brand is a name, term, sign, symbol, or design which is intended to identify the goods or services of one seller or group of sellers and to differentiate them from those of competitors. Products and services have become so alike that they fail to distinguish themselves by their quality, efficacy, reliability assurance and care.
By 1977, Pepsi had actually pulled ahead of Coke in food store market share. (Schindler, 1992) Coke's lead had dropped from a better than two to one margin to a mere 4.9 percent lead by 1984. (Bastedo & Davis, 1993) Coke was clearly in danger of becoming the Number-Two soft drink. In April 1985, the management of Coca-Cola Co. announced its decision to change the flavour of the company's flagship brand. The events that followed from this decision, as well as the factors which led up to it, have been reviewed, discussed, and extensively analyzed in this report.
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 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 brand is the leading one in the beverage industry in the world. This company is the biggest producer, seller, and distributor of soft drinks and syrups throughout the globe (Oliver, 1986). In the US, it is the most popular and largest corporation. This firm is widely recognized through its popular product Coca-Cola which was discovered and made by John Smith in the late 1880s (Hays, 2004). Except of this core product, there are a number of other ones.
The Coca-Cola company was founded in 1886 by John Pemberton, a Civil War veteran and Atlanta pharmacist. He was inspired by his curiosity as he stirred up a fragrant, caramel-colored liquid that he brought down to a place called Jacobs’ Pharmacy. There he added carbonated water and let several customers sample the new concoction. Jacobs’ Pharmacy put it on sale for five cents a glass and named it Coca-Cola. This “inspired curiosity” has now grown to be the world’s leading manufacturer, marketer, and distributor of nonalcoholic beverage concentrates and syrups. In 1906 Coca-Cola opened bottling plants in Canada, Cuba, and Panama. Today they produce nearly 400 brands in over 200 countries. More than 70% of their income comes from outside the U.S. (1). This paper will focus on an analysis of operations of the statement of cash flow reports and a vertical and horizontal analysis of the consolidated balance sheets. Also an analysis of the global financial condition of the Coca-Cola Company and the value of goodwill and other intangible assets will be discussed.
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.
Coca-Cola started out small in Atlanta, once as a Candler started the Coca-Cola company he " begun an active and innovative marketing campaign that spurred the wide distribution of Coke across the United States." Once he had this going he had to strategically plan on how to bottle his soft drink and get it ready for shipping. Once the product was bottled he had to plan on how his product would be distributed. "In 1899 the Coca-Cola company first signed a bottling contract, As a Candler did not believe bottling would be successful and sold the bottling rights to Benjamin Thomas and Joseph Whitehead." They successfully bottled the Coca-Cola product. Now that bottling and shipping the product wasn't the issue, Coca-Cola was shipped throughout the Un...
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.
To conclude culture is a very broad term, which can be defined in many ways. India and the USA share some of hofstede’s dimensions in common with each other, Such as masculinity and uncertainty avoidance. But also differ greatly when it comes to power distance and individualism dimensions. Coca-Cola does customize its operations to a certain degree, mainly concerning packaging and marketing in different countries. However this customization is next to nothing when looking at how extensively different fast food menus are in different countries. Coca-Cola has faced issues while operating in India, which they have taken measures to correct and improve.
Introduction: Advertising is any paid form of non personal presentation and promotion of ideas ,goods and services by an identified sponsor .Advertising and promotion offer a news function to consumers. Viewers of ads learn about new products and services available to them, much like they learn about events in the news. This information function has a neutral role. It provides facts without approval or disapproval from consumers. Customer behavior at this stage encompasses expressions of curiosity. The main purpose of the assignment is to select an advertisement in you tube, find limitation of the advertisement and consumer behavior issues that are not currently being adequately addressed by the advertisement. . In our assignment we select
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.
Coke or Coca-Cola is a beverage usually sold in restaurants, convenient stores and vending machines all throughout the world. Many people consume this beverage as if it was water, not knowing the effects it does to their body. According to Harvard School of Public Health Nutrition Source, millions of Americans choose soft drinks as their beverage of choice, but drinks such as soft drinks increase type 2 diabetes risk, heart disease and other chronic conditions. Sodas, diet and regular, both have been linked to obesity, certain types of cancer and kidney damage, it is also linked to elevated blood pressure as stated by webmd.com. Coke’s sugar content per 150 ml is 15.9 grams and American Heart Association says, the maximum added sugar you should eat in a day for men are 37.5 grams and for women 25 grams. Coke also has this caramel color which