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The main purpose of internal control
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As an outside consultant, a brief analysis of the Coca Cola business will outline motivation for the employee and the organization. Additionally, information will offer basic training knowledge through three distinct areas. These areas are employee growth, legal requirements and, diversity. Within these three areas, each of the programs can meet personal and professional employee needs, while demonstrating what the company gains by offering training.
Coca Cola is the number one nonalcoholic beverage company and it is also the world's most recognizable brand. This company is the home for five other top drinks as well which are coke, diet coke, fanta and sprite. Having the world’s largest distribution system and selling to more than 200 countries worldwide, these soft drinks combined are All of these combined are worth in excess of 16 billion dollars.
Legal Requirements
Coca Cola Company believes in responsible corporate governance and they participate in political process to educate the U.S policy makers and help shape reasonable policies that impact their business (Coca-Cola Company, 2012). This company also complies legal requirements regarding contributions to political organizations, candidates for federal, state and local public office, ballot measure campaigns, political action committees and trade associations. Coca Cola's is currently involved with these individuals and organizations as part of taking a proactive approach in the commitment to the communities they engage in. All contributions and activity of the political sense associated with the company partner with Political Action Committees (PAC). PAC complies with the requirements for legal reporting, regulations of the United States laws. Ensuring everyth...
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...nefits and rewards that is also including for the employees. Included in the most prevalent aspect that comprise their rewards programs are long term incentives, base salary, benefits and, annual incentives. The benefits listed are programs to ensure that employees receive this and are provided with diverse options that address the issues of individuals and families and promote healthy lifestyles (Coca-Cola Company, 2012). Coca Cola has very strong business values and are very organized with how they want to run their business.
Overall viewing this company from an outside perspective they are a very highly profitable company but also know the values and programs that need to be placed in order to stay successful. Having a regular scheduled training base, programs will help keep the employees refreshed, knowledgeable and room to grow within their job position.
One of the Coca-Cola Company’s strongest strengths lies in its ability to conduct business on a global scale while maintaining a local approach, one of the most intelligent strategies thought up by the human resource department of Coca-Cola.
Analysis of the Coca-Cola Company The Coca-Cola Company is the world's leading manufacturer, marketer and distributor of soft-drink concentrates and syrups. The Coca-Cola Company is the world's leading manufacturer, marketer and distributor of soft-drink concentrates and syrups. The Company markets many of the world's top soft drink brands, including Coca-Cola, Diet Coke, Sprite and Fanta. Through the world's largest and most pervasive distribution system, consumers in nearly 200 countries enjoy the Company's products at a rate of more than one billion serving a day.
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.
Coca-Cola HBC has 36,362 employees among those 87% are highly engaged based on the latest statistics recorded on their website (Coca-Cola HBC 2016). The company has developed new set of corporate values two of which specifically designed to address the concerns observed during their latest employee survey including, work-life balance and providing more opportunities regarding “employee input into the business”. The company has tried to
Like most businesses, the Coca-Cola Company has a system of control mechanisms in place to help guide the activities of its employees. One bureaucratic control mechanism that is utilized by Coca-Cola is an audit. Coca-Cola’s Audit Committee Charter is responsible for ensuring the integrity of financial statements, overseeing internal financial controls, and evaluating the company’s internal audit function (The Coca-Cola Company, 2008). Another bureaucratic control is the Code of Business Conduct, which guides the actions of the employees in a manner that is consistent with the company’s values. “The Code helps our...
Without a doubt, no beverage company compares to Coca-Cola’s social popularity or brand notoriety. Some people buy coke, not only because of its taste, but because it is also the most socially accepted brand. Another strength that is very important to Coca-Cola is customer loyalty. For instance, in a household where parents are avid Coke drinkers, this will be passed down to their children. Customers will continuously but Coke.
Coca-cola is the world’s biggest beverage company that manufacturers, retails, and markets nonalcoholic beverages. The company is headquartered at Atlanta, Georgia. The company was famed for its beverage Coca-cola which was invented in 1986. Coca-cola Company operates a franchise that distributes its products throughout the world. Its distribution chains and established territories have seen the company remain the most competitive beverage company in the world. At one point, Coca-cola was a monopoly in the world beverage market. However, there are various challenges that the company faces as it strives to maintain its exploits in the beverage industry. One of the challenges that are OD related is the accusations of worker intimidation throughout the world. The company has also been accused of seeking to stifle the operations of trade unions in the world. These issues are grave and have far reaching effects on Coca-Cola’s Organization Development. This essay examines this OD related problem and provides recommendations to this issue using the models and diagnostic instruments developed in previous O.D sessions.
Look SDmart, Retrieved 05/16/07, from http://findarticles.com/p/articles/mi_m1365/is_1_31/ai_63974359/print. Coca-Cola: A Technological View, retrieved 5/18/07, from http://projects.olin.edu/ahs/HOT2004/PolarBears/content.htm. Coca-Cola Our Company- Around The World, retrieved 5/18/07 from http://www.coca-cola http://www.thecoca-colacompany.com/ourcompany/aroundworld.html Nutrition Business Journal. Penton Publishing. October/November 2005.
PepsiCo is one of the most recognized names in the snack and beverage industry, with brands like Frito-lay, Gatorade, Tropicana, and Quaker, however, it is best known for its flagship soft drink brand - Pepsi and its rivalry with Coca-Cola. To begin, PepsiCo first caught my Interest in the way it manages its business and markets its products. PepsiCo being a relatively young company compared to its rival Coke, has proven to be a formidable opponent going “head to head” with one of the biggest companies in the world (Coca-Cola). Now, when I notice PepsiCo’s growth, the first thing that came to my mind was that it is thanks to its great marketing campaigns, that Pepsi has grown to become the globally recognized brand that it is today. I also admire PepsiCo because I think the there is a high level of entrepreneurship in the way they acquired smaller brands like Gatorade thereby eliminating their competition before they become competition.
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.
This report has been prepared in order to analyse the operations and financial position of Coca Cola Amatil Limited (CCA). This report will begin by providing a summary of background and history of CCA including its portfolio, formation and relationship with the Coca Cola Company. The report will then provide a brief on the corporate governance of the company with an overview of the Board of Directors and Management Board as well as several sub committees in order to give an insight into the agency of CCA.
He explained that the company culture of Coca-Cola is structured by seven core values namely accountability, quality, diversity, collaboration, integrity, passion and leadership. Their culture is strong because these values are deeply embedded and adhered to by employees who accept and commit to them. He reiterated that the employees are committed to transforming the company and the work environment is a platform that employees use to share ideas and develop beneficial and meaningful opportunities as well as resources and skills. Passion plays a big role in the company’s culture because the attention is not only concentrated on the company’s brands but on the employees and the public in
There are many different problems at Coca Cola companies which are not connected to the Human Resource Management nevertheless, the changes need to start first at this department. As it was stated in the introduction, every organization is based on people who are working in it and needs of these people must be satisfied in all four areas: performance evaluation, compensation, career development and succession planning. Coca Cola is a successful international company which manages to create the positive image in the eyes of consumers. Now it needs to invest money and effort in created loyalty and satisfaction among its employees.
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.