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Discuss the elements of the holistic marketing approach
Brand image of diet coke
Holistic marketing
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Holistic marketing also incorporates social responsibility marketing and understanding broader concerns and the ethical, environmental, legal, and social context of marketing activities and programs. The business will tend to adopt ethical behavior in its marketing strategy and will ensure that proper and true information will be provided to the concerned parties(Homburg, Stierl & Bornemann 2013). 2. Importance of Touch points: Touch points are the points where customer comes in to contact with the business before during or after getting services from the business. The various Touch points can be at your business office, website, advertisement, online reviews etc. A simple mistake during a touch point for example poor customer service, not …show more content…
The Touch points of the products of the company are mostly through advertisements through electronic media such as television advertisement, social networking sites such as Facebook, twitter, Instagram, YouTube, etc., print media such as newspapers, billboards etc. The customers also come into contact with the products of the company through in-store promotions, fairs, and other promotional events. The Coca Cola Company offers its products through stylish and unique labeling which presents the Coca Cola brand logo on every product. The customers can easily identify the Coca Cola products because of its unique packaging (Freeman, Kelly, Baur, Chapman, Chapman, Gill &King 2014). In 1986 the Coca Cola Company introduced its new product Diet Coke through Secondary brand association. The major benefits of secondary brand association for the new products are as follows: 3.1 …show more content…
By successfully introducing Diet Coke the Coca Cola company extended its parent product i.e. Coca Cola through secondary brand association. The parent product Coca Cola was familiar with the consumers and they were really interested in something new that was offered by the company which was an extended version of the existing product. The most beneficial aspect of this extension was the company was promoting its new product along with its existing product with minimal additional expenses on the marketing campaigns. The company already had a vast distribution network which made easier for the company to reach maximum number of consumers across the globe (Pendergrast
Beverage giant Coca-Cola wants to get a little love for its iconic cola drink from the upscale consumer set, so its decided to create and test-market a sleek set of contoured aluminum bottles for its flagship Coke brand. Yes, we said aluminum bottles.
After reviewing the code of ethics for major corparate businesses, I conclude many of these codes are fairly similar. I have reviewed the following code of ethics for Kroger, Pepsico., and Coca-Cola.
"The opportunity to touch products has been shown to have a persuasive influece on customer's attitudes and behavior", state Joann Peck ad Jennifer Wiggins in the Journal of Marketing(2006).
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.
Also the checking out process has been technologically advanced as it was observed that iPhones and iPads are used on the sales floor to see what items are in stock at the location or other locations and to help customers in making a purchase. Using these items help with the communication among staff and customers. After making a purchase, the associate that assisted them will more than likely follow up with a personalized thank you note and invite them back to the store. Customizing the product for the customer also increases the use of technology. The customer chooses what product they want and they ask an associate to engrave their name on it, making it their own personal
Business ethics are the core fundamentals of a business and are extremely important for organizations smooth and successful operation. It can have either positive impact by operating ethically or negative impact if they are caught up in any unethical situation or dilemma. Ethics has been defined as “study and philosophy of human conduct with an emphasis in determining the right and wrong” (Ferrell et.al, 2010). This case study will analyze Coca Cola for the ethical dilemmas they were involved in Belgium, and how the company responded to the issues.
An Atlanta Pharmacist by the name of Dr. John S. Pemberton established Coca-Cola Company in 1886 in Atlanta, Georgia. (Coca-Cola Company 2014) He began with the idea of creating a distinctive soft drink, flavored by syrup mixed with carbonated water that sold at soda fountains. After trying several experiments, his bookkeeper Frank M. Robinson tested one of his last experiments and agreed that it was his best one yet. Mr. Robinson is actually the one who is credited for naming the soft drink Coca-Cola. Surprisingly, during the first year of sales, Coke averaged to nine servings per day in Atlanta. Now days, servings of Coke are estimated at 1.9 billion globally. (Coca-Cola Company 2014) The first marketing efforts in Coca-Cola history were through coupons promoting free samples of the soft drink. In the time period of 1887, couponing was one of the most popular advertising tactics at the time. Although Coca-Cola has several products, Coke Zero was on of Coca-Cola’s largest product launch in 22 years. Coke Zero was released in the year of 2005 and is still on the shelves today. It is a low calorie drink marketed to taste exactly like Coca-Cola, and less like Diet Coke. (Coca-Cola Company 2014)
By defining “real stakeholders” as those who have a legitimate claim and firm has responsibility towards them and the influence and power are reciprocal (Fassin 2009), the following groups are real stakeholders for whom Coca-Cola HBC is responsible in terms of both management and ethical issues.
Neville Isdell, embarked on a process to identify marketing problems and opportunities. During this process, Isdell stated that the company’s system wasn’t broken and there was still an opportunity for growth of the firm and other brands. The identification of marketing problems and opportunities was utilized as the framework for developing marketing and innovation strategy transformation towards positioning the company on the cutting edge of consumer brands. In light of the troubles surrounding the firm, all it took to revamp Coca-Cola’s business operations and profitability was to see a different reality for growth (Cravens & Piercy, 2008,
It is highly believed that an effective marketing is undoubtedly the ethical marketing. Effective marketing is all about developing and satisfying a long-term link with the consumers. Caring about the customers not just leads to higher levels of profits (or attaining company’s goals if a company is not-for-profit Company) it is the highly ethical thing to carry out. Deceiving consumer might aid a company’s profits during the short-run, however is not the means for building a successful business. Further, the same is applicable for social responsibility. An organizations needs to care about and give importance to all its stakeholders including customers, staff members, suppliers, distributors, local communities within which they perform business, the environment and lastly, the society.
Coca-Cola is the largest beverage company in the world. They distribute their beverage products in more than 200 countries, servicing the citizens of those countries. Their drinks have become a common part of many people’s diets and servicing this large amount of people can raise awareness on the safety of their consumers when drinking their products. This is especially true with the current rise of obesity spreading throughout the world, more specifically in the United States. According to stateofobesity.org, “Nationally, nearly 38 percent of adults are obese. Nearly 8 percent are extremely obese” (n.d). Also, there has been numerous studies reported by actiononsugar.org that confirms “the link between sugars-sweetened beverages and increased obesity” (n.d). This is particularly important due to the ethical issues that arise around The Coca-Cola Company and their role and responsibility in all of this. Many individuals might see the correlation between the two, as Coca-Cola produces their beverages with large amounts of sugar. One 21 fl oz cup of Coca-Cola contains 44 grams of sugar. In fact, according to the American Heart Association (AHA), the maximum amount of added sugars you should eat in a day for men is 37.5 grams and for women it is 25 grams (Gunnars, 2017). Recently, Coca-Cola has found themselves in a controversial debacle where they have been
The Code of Ethics of the professional accounting bodies in Australia and its fundamental principles.
A Holistic marketing strategy is developed by thinking about the business as a whole, the business place in the economy and society, and in the lives of its customers. The concept attempts to develop and maintain multiple perspectives on the company’s commercial activities (Business Dictionary, 2014). In today’s technology induced business world, marketers have to think beyond the older marketing concepts which are production concept, product concept, and selling concept. This paper will compare and contrast the earlier concepts with the holistic concept and give an example of a company that has adopted the holistic marketing approach and why they chose to do so.
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