Brand Elements Research:
Coca-Cola
Qi Lv
R0477233
Business Economics Faculty
Prof Dr. Luk Warlop
Brand management
1. Introduction
According to Keller’s viewpoints, brand elements are those trademarkable devices that serve to identify and differentiate the brand. The main ones are brand names, URLs, logos, symbols, characters, spokespeople, slogans, jingles, packages and signage. We should consider six criteria for brand elements when building brand equity and the criteria are memorable, meaningful, likable, transferable, adaptable and protectable.
The brand elements should not only reinforce brand awareness, but also boost to form a strong and unique brand association. Keller’s concept approaches brand elements from the perspective of
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Coca-Cola uses unified red color and Spencerian Coca-Cola script which make their product highly recognizable. Coca-Cola also adopts localization package in different countries according to the different cultures. For example, Coca-Cola designed a clay doll named “A FU” with the characteristic of
Chinese traditional culture in Chinese Spring
Festival in 2001. There are two lovely and smiling golden boy and jade girl holding coke in the package, and the image is very adorable and friendly. It makes Coca-Cola more striking in the Spring Festival’s market.
Catering to the taste of the local customer can enjoy the popular supports and make the brand more welcome.
Coca-Cola Chinese market package
1.4 Transferability
It has been said that “Even a handful of torches burned all the assets, Coca-Cola can be successful again with its brand”. Thus it can be seen how priceless the Coca-Cola brand is. Facts proved that Coca-Cola brand element has the ability to add to the brand equity for new products or in new market. Coca-Cola launched Diet Coke in 1982 with the slogan “Just for the taste of it”, and they launched Coke Zero with the slogan “Real
Coca-Cola Taste and Zero Calories “in 2005. These two product won over the public,
People who bought them because they were attracted by the brand “Coca-Cola”, also because the new coke catered to the popular that people want a healthy
In this assignment I’m going to describe how the marketing research information is used in order to understand customers, competitors and the market environment in a company like Coca Cola. I’m also going to describe how the link between the principles of marketing are applied within the Coca Cola Company and the marketing research activities used by the same organisation.
In a culture of ever-changing media, the most constant mover of product has always been white women. Companies spanning many industries are guilty of selling sex, and Coca Cola is far from an exception. Ads are in place to, “pursue attraction to people’s fantasy aspirations…” allowing consumers to become inspired and ingrained in them. These two ads from Coca Cola pander to the fantasies of the average Joe through placement of women that fit the paradigms of societally normal beauty front and center to draw the eye of the consumer to their product. By the time The Coca Cola Company had a successful means of distribution in the United States, World War II was at the doorstep causing citizens to have to answer a call to arms, however, “...the government told the women to go back home to be housewives. The advertisements may have contributed a key in encouraging this. Women were employed as a way of selling products and represented in distinct social-classes to give their brands a further worldwide attraction mainly to other proletariat people.” At this time, advertisements were known to, “…pursue working-class women because they never had sexual appearances,” as displayed by the older Coca Cola ad from 1939, found through the “American Memory Project” from the Library of Congress.
1.The company I chose to research is the, Coca-Cola Company. Their company mission is to “refresh the world” and spread happiness, which can be seen in the media advertising. Although this company is sold in stores, there is the option for online buying as well. Its URL is, http://www.coca-colastore.com. While this URL, is the company’s actual website, http://www.coca-colacompany.com/our-company. This online website allows customers to buy Coca-Cola products “Share-a-Coke” and Coke brand merchandise (Moye, 2015).
Coca Cola was born in the laboratory of Dr. John Pemberton in May 1886 in Atlanta, Georgia. Coca-Cola's own name was made by Frank Robinson. And marketed for the first time with an ad of banners with the inscription of oil paints labeled "drink Coca Cola". Although it was the title of "brand of the century", Frank Robison had experienced a loss in sales. Coca Cola formula then bought by Asa Chandler in 1892 that heavily promoting senhingga experiencing huge profits. Coca cola increasingly global sales thanks to independent bottling firms with licenses to other countries and this is maintained until now.
Since 1982, Diet Coke had 14 different slogans that revolved mainly around taste and lifestyle. The slogan “Just for the taste of it!" was their start off in 1982, however it kept making it back in the years 1986, 1995, and is also their current tagline.
Advertising is ever changing, as people and products are always transforming. Coca-cola has been living the advertising roller coaster since 1886. Their message has changed from the beginnings of being a solution for the weary and tired to a message of creating a unity for people. The direction of the advertisements have changed considerably through the years. Although this may be the case if one looks at two specific advertisements, one from 1886 and another from 2016, the differences and similarities are striking. One can break down these similarities and differences into three distinct categories being the models in the ad, the Coca-Cola logo/ slogan, and the audiences the advertisements are directed towards.
Coca-Cola and Pepsi were fought over for a very long time in the carbonated soft drink beverage industry. Today, I will used AFI framework to analyze Cola-Cola performance and find out how did this company deal with the decline in the CSD consumption and its rivalry.
Coca Cola has differentiated its product and services that are valued by its customer. Its product are based on customer’s preferences, with affordable price and made easily accessible.
Coca-Cola was invented by John Pemberton the Coca-Cola Company began in 1886. With more than 1.9 billion consumers a day, in more than 200 countries, Coca-Cola is dedicated to being the world’s largest beverage company by maintaining and gaining customers. Customer preference is a core value to coke. Coke has dedicated itself to meet the thirst needs of every customer. They engage with their customers at home, restaurants, sporting events. Almost everywhere customers go, they can find a coke product. They build their top line growth and capital efficiency through investment in FIFA World Cup, “Open Happiness” global campaign, and have many worldwide partners, increasing their business nearly 5% every year by creating a diverse customer base.
Coca Cola’s first main weakness is that it is highly susceptible to any kind of negative publicity. Every kind of negative publicity can hurt the brand badly. Some years ago after traces of pesticides were found in the products of Coca Cola, it had hurt the brand really hard. Sales had dipped in various corners of the world apart from the criticism that flowed. Any such thing can hurt the popularity and sales of coca cola. However, Coca cola can overcome this weakness by being more transparent regarding the ingredients it uses in the production of its brands.
Coca-Cola is the result of a patent medicine formulated in a small southern pharmacy over a hundred years ago. 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, 2009).
The Coca-Cola Company is a strong multinational company with a well-established trademark that has done well since 1886. The company has improved its marketing strategies to satisfy customers in a better way. Since its establishment, it has effectively differentiated itself by being considered as the largest manufacturer, marketer, and distributor of non-alcoholic syrups
In 1886, a pharmacist named John Pemberton invented a dark bubbly drink to try out the beverage market. Sold at 5 cents a glass, the drink did not sell well until after Pemberton’s death, selling at nine servings per day. Afterwards, a businessman named Asa G. Candler took the brand and expanded the drink beyond Atlanta, introducing the drink with the famous trademarked contour bottle. Today, Coca-Cola has risen to become one of the most recognized brands in the world. Its beverage, the number one sparkling drink, sells 1.9 billion servings per day on a global scale. This profound success is predominantly due to Coca-Cola’s ability to create a strong brand that the global population can relate to and love.
They have succeeded in focusing on the brand image, customer retention and adding social and ethical benefits to every bottle they sell (Coca-Cola.com, 2014). “In advertising, everything depends on strategy applied on the market, which is adjusted to the positioning” (Moraru, 2010).
Coca- Cola Company is the world’s largest beverage company with refreshing beverage’s. The company was created in 1886, the product was created by an Atlanta pharmacist Dr. John S Pemberton he was the creator for the delish and distinctly tasting soft drink. Coca-Cola was trademarked in 1977. Since 1886 the company has shown to how important it is as a company to have diversity within employees. By having policy and practices dealing with diversity will result in long term success. As company Coke believes diversity is the heart of the business.