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Coca cola industry trends
Coca cola problems and issues
Marketing challenges facing Coca-Cola
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Introduction:
In the following report, we present a macro analysis of the Coca Cola Company. It shows the issues and current situation of Coca Cola, specifically in India. The study shows the essential elements in the beverage industry.
This work contains a brief introduction of Coca Cola and details the biggest issues, which have been analyze with STEEPLE analysis in order to analyze the current situation of the company. The main objective is to determine the position of Coca Cola Company in the market and see the factors that are affecting it directly and indirectly. The study shows several factors that such as the economic growth, environmental issues in the communities, legal problems,etc.
COCA COLA
Coca Cola is an American multinational corporation and manufacturer of non-alcoholic beverages. The company is well known for its main product Coca-Cola, invented in the 1886 by John Stith Pamberton and was incorporated in 1889 by Asa Griggs Candler. Coca Cola Company currently have more than 500 brands over 200 countries, and serves approximately 1.7 billion servings per day. Since 2000, Coca-Cola has been criticized for many malpractice issues, including health situations, pollution problems and poor business practices. The main allegations against the company are related to the effects of coca cola on health, environmental irresponsibility, controversial marketing campaigns, and suspicious labor practice, among others. The perception of the company by its unethical practice has form lawsuits, boycotts, and one particular pressure group known as ''The Killer Coke''. In the following analysis, I'm going to be pointing out the main issues of the company and how its market has been affected.
STEELPE ANALYSIS
For the following c...
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...oca Company represents in the market, they could have all types of beverages.
• The company should be taking more advantage of the social network and media. Make a new system for ads so the public gets to know all of the products.
• Coca Cola should be more open to the feedbacks in order to improve their products/tactic.
• The company should be careful with the advertisements, some of them have cause controversy around the world and this affects the sales of the products. The last controversy Coca Cola faced with the TV commercial in SuperBowl'14, where people from different cultures sang the song ''America. The Beautiful'' in 7 different languages. Many people started boycotting the Coca Cola products.
• There should be more control in every department of the company, anything can cause Coca Cola big losses and the brand name can get affected.
Conclusion
- this was considered to be a very helpful way to spread the company trade name and mark (Coca Cola) more widely around the world. That will lead to open new markets for them to sell their products, so that will reinforce their reputation in the international market.
By the leader and or leaders not stating that they need a new formula, members would have probably come up with ideas such as introducing a new product instead tailored to Pepsi drinkers taste and not tinker with a winning product already. They definitely should have used a devil’s advocate to argue why their changing the formula was a bad idea, I’m sure the point of what about the current Coca-Cola’s consumers that already like and drink Coke would have come up. The most important thing was of course that they should have considered their already loyal consumers views, and not have focused so much on winning such a narrow group of Pepsi consumers, better research through surveys of their loyal customers should have revealed their feelings about a change in their beloved product and that the customer is king and not the executives when it comes to success or failure of a
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.
... 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.
Considering individuals are becoming more health conscious it would be beneficial for Coca Cola to continue producing even more healthy products. Producing healthier drinks could potentially get their products back in schools. Researching into cheaper materials as well as environmentally friendly alternatives to plastic would be another recommendation. The main concern for Coca Cola is water supply. Without water Coca Cola would not be able to stay in business. It is recommended for Coca Cola to reduce the amount of water it uses. They have already begun a goal to improve water use. “Our 2020 goal is aggressive and builds on the 21.4% water efficiency improvement we’ve made since 2004. We expect to increasingly assess not just the quantity of the water used to grow our product ingredients, but the impact of that use as well” (Improving,
From the company’s code of ethical conduct, there are three components that have contributed towards the success of the company. The first one is integrity whereby the firm endeavors to conduct its operations as well as serving its many consumers with integrity. This component has been and is critical for the business’ success because it establishes and enhances a good reputation for the company. The other ethical conduct is leadership and in this case, Coca Cola Company has managed to command market authority thanks to ideal leadership measures ...
Weaknesses – Coca-Cola is a very successful company with an impeccable social media following. Word of mouth is probably a strength, but only when feedback from consumers is positive, but there are people who are against Coca-Cola and their products. Even though Coca-Cola produces over 200 brand products, Coca-Cola lacks the social media popularity of other brands that they produce (Moth, 2013). Many drinks that they produce are extremely popular such as Coke or Sprite, but there are a lot of Coca-Cola products that are unknown, unseen, and unavailable for
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.
Coke Facts The Coca Cola Company Coca Cola India: Key Facts - Coca Cola Business, website: http://www.cokefacts.com/facts/facts_in_keyfacts.shtml
The Coca-Cola Company distributing the Coca-Cola product has faced many macroeconomic variables that indicate trends in the economy. A reduction in consumer confidence in the United States, resulting in lower product sales, has been offset by rising sales in overseas markets. Coca-Cola has combated problems such as unemployment, global warming, and rising interest rates. The Coca-Cola Company looks to new programs to encourage employment, additional ways to provide water for their product, and good management to maintain a healthy credit rating.
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.
For more than a century, the Coca-Cola Company has been a leader in everything from sales, marketing/advertising, and most recently ethical issues. The company has seen its fair share of lawsuits from competitors, employees, and customers alike. In the beginning of 2013, Coca-Cola’s Chairman and CEO, Muhtar Kent, issued a statement that relayed Coca-Cola’s renewed efforts to “be guided by their established standards of corporate governance and ethics.” (Coca-Cola Company, 2013, para. 1) His stance on corporate responsibility, ethics, and compliance while well-laid out, were not always the determining factor of how the company did its business. In 1996, this was all a different story and a somewhat seemingly downward spiral of unethical events began to happen at Coca-Cola.
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.
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.