UNGC
Coca-Cola
Stephany Kim shstephk@gmail.com N/A
N/A
UNGC: Strategic Expansion of Businesses
Country’s Relationship/History to the Topic:
In 1886, Dr. John S. Pemberton and his partner Frank M. Robinson created a distinctive tasting soft drink that shortly became known as “Coca-Cola.” The new beverage quickly spread throughout Atlanta, Georgia, under the leadership of businessman Asa G. Chandler (“Coca-Cola History”). At the turn of the century, Coca-Cola started expanding throughout the country and globalizing to Latin American countries. The first abroad bottling companies were built in Cuba and Panama as the U.S. military expansion to these regions increased the demand for Coca-Cola branded drinks. Shortly after, Coca-Cola
…show more content…
However, the globalization of the Coca-Cola Company came with consequences. One of the most controversial issues have been the overuse of the water supply, especially in India, one of the main sources of water for Coca-Cola beverages. While Coca-Cola was forced out of the country in 1977, it has since then returned in 1993 and installed over fifty water pumping stations. These water-pumping stations have been polluting the clean water, harming the well-being of the Indian citizens (“Controversies”). In terms of tax inversion, the Coca Cola Company’s headquarters is still located in the U.S., abiding by all its corporate responsibilities, but its keeping its earnings offshore in places like Bermuda and the Cayman Islands that levy no corporate income tax (Gunther).
Solutions for the Topic:
One of the key components in achieving productive globalization for a business is to develop a sound entry strategy and operational design before launching its products in the competitive global market. This entails understanding the context of the new market and the consumer demand in order to ensure that the company makes at least a normal profit to not incur any losses in this new investment (“Our Solutions”). The reason why eBay struggled to expand in China was that it had failed to assess its main competitor, TaoBao, and its appeal to the consumers. Similarly in Japan, eBay failed to adjust its strategies
In 1886, the Coca Cola Company was developed but it wasn't until 1898 that the fierce competitor Pepsi-Cola entered into the market. These 2 companies are the two major players that dominate the consumer beverage (soft-drink) industry. Coke and Pepsi have since been competing to rein the global market in consumer beverages. The market of drinks in the United States alone is valued at more than thirty million dollars annually. With the growth of these two companies, PepsiCo has developed and acquired additional products outside the scope of just the consumer beverage industry, these products have helped the company to increase their exposure and position in the global market. This has not been the case for the Coca Cola Company; they
Coca-Cola is a carbonated soft drink sold in stores, restaurants, and vending machines in more than 200 countries. Coca Cola was invented in May 1886 by Doctor John Pemberton a pharmacist from Atlanta, Georgia. John Pemberton concocted the Coca Cola formula in a three legged brass kettle in his backyard. The name was a suggestion given by John Pemberton's bookkeeper Frank Robinson.
Coca Cola was made by an Atlantan Pharmacist Dr. John S. Pemberton in 1886 in Atlanta, Georgia. He wanted to create the best soft drink for soda fountains. Coca Cola’s headquarters is in Atlanta, Georgia the product can be found anywhere in the world. A candy store worker took a trip to Atlanta for ideas of product to sell and found Coca Cola getting sold then he started to sell it with Coca Cola's permission. After that it started to diffused into other cultures from visitors seeing the product and told many other people about it.
As part of the 2020 vision, the company wishes to fulfill its human resource commitments by launching ‘Me,We,World’ project with the aim of creating beneficial differentiation and value for their target markets. It aims to enable economic empowerment of 5 million women from all over the world by 2020. It aims to become a successful global enterprise by ensuring workplace safety and diversity. Enhance their strategies and their effectiveness to help address the critical human needs of today in each of the 200 countries they are associated with.
Coca-Cola- In May 1886 John Pemberton invented a drink, Coca-Cola, by accidentally stumbling on the right combination of ingredients while trying to devise a cure for headaches. Pemberton was an experienced maker of patient medicines, which were hugely popular in America in the late nineteenth century. The name was coined by one of Pemberton’s business associates, Frank Robinson. He also contributed to the promotion of the drink by sending out tickets for free samples and putting up posters and banners that read “Drink Coca-Cola, 5c.” Robinson also developed the famous logo for Coca-Cola, which appeared in newspaper
Coca-Cola was created and established in Atlanta, Georgia in 1886 by Pharmacist, Dr. John S. Pemberton, Coke Started as a creative, new flavor of carbonated beverage. Mr. Pemberton set the foundation for a company which has become the most powerful and valuable beverage brand in the world. In 129 years of operation, starting with just a simple syrup, Coca-Cola transformed from a local Atlanta carbonated beverage to a publicly traded company with policies, initiatives and goals that impact individuals across the globe within over 200 countries. By owning
Coca-Cola Company history originated in 1886 when the “curiosity of an Atlanta pharmacist, Dr. John S. Pemberton, led him to create a distinctive tasting soft drink that could be sold at soda fountains” (Coca Cola History, 2013, para. 1). He generated flavored syrup, took it to his
Coca-Cola was created in 1886 by John Pemberton, a pharmacist in Atlanta, Georgia, United States of America. Coca-Cola is the world’s largest soft drink maker. It sells more than 3,500 products worldwide. Coca Cola offers markets more than 500 non-alcoholic beverage brands and also world class quality, starting from Coca Cola soft drinks, juices, teas, water and energy drinks. Coca-Cola owned a huge popularity across the world. The company ranked the third Interbrand’s 2014, the most valuable brands list in the world. Coca-Cola has its own efficiency in marketing strategies, innovation, and extensive global reach that makes reputation of the company rise in globalization.
Coca Cola is bestselling soft drink in the world. It has introduces various product like sports drink, water, juices, sparkling beverages and energy drinks. It has gone through several innovations from products to packaging. In May 1886 Coca Cola was invented by Dr. John Pemberton, a pharmacist from Atlanta, Georgia, registered trademark in US as Coke since 1944. Company sells its product at gas station, supermarket, vending machines and at most fast food restaurants like Mc Donald and Subway. Its widely availability has made its customer’s first choice leading to brand loyalty.
The multinational company that I have chosen is Coca Cola Company since it is a very popular brand and has been serving its customers for more then 10 decades and even after so many years its popularity seems to be increasing day by day which itself speaks about the company's remarkable performance. The Coca Cola Company is an American multinational corporation and manufacturer, retailer and marketer of the nonalcoholic beverage concentrates and syrups (Wright, 1999). It came into existence in 1886 and was invented in Columbus, Georgia by John Stith Pemberton. The current statistics of the company shows that it is currently operating in over 200 countries offering its customers over 500 brands with each day serving of more then 1.7 billion (Charles W. L. Hill, Essentials of Strategic Management, 2012). .Further more the Coca Cola Company is alone responsible for the 78% of the total gallon sales of all the beverages sold worldwide. The company is listed in New York Sock Exchange and is very popular in most of the countries especially United States of America, which alone consumes 47% of the total gallons, sold worldwide (Zurkuhlen & Meeker, 1987). The company headquarter is located in Atlanta, Georgia, United States of America and its current chief executive and chairman is Muhtar Kent (Charles W. L. Hill, Strategic Management Theory: An Integrated Approach, 2012).
Coca-Cola is a manufacturer, beverage retailer, and marketer of non-alcoholic beverage concentrates and syrups. Invented by pharmacist John Stith Pemberton in 1886, Coca Cola is known for its prize beverage product (The Coca-Cola Company, 2014). In 1889 by Asa Candler, Coca Cola was bought, branded, and then became a corporation in 1892. Currently, Coca Cola provides more than 500 brands in more than 200 countries and serves 1.6 billion serving daily (The Coca-Cola Company, 2014). Dating back from 1889, Coca Cola operates a franchised distribution system where Coca-Cola only produces syrup concentrate, which is then sold to numerous bottlers worldwide who hold an exclusive territory. This paper seeks to describe the history
The Coca - Cola Company began its legacy in 1886. Dr. John Pemberton, a pharmacist from Atlanta, created the patented Coca - Cola syrup for sale in fountain
The history of Coca Cola began in 1886 when Dr. John S Pemberton, an Atlanta pharmacist created a tasty soft drink which could sell at soda fountains. Since then, Coca Cola grew to be a global brand and touched great heights. Today, it sells across 200 countries and is just as popular across all the markets and nations. The company today, owns or licenses and markets more than 500 non alcoholic beverage brands. The brand has only few major competitors in the global market. The daily servings of coca cola are estimated to be at 1.9 billion globally. (Coca-Colahellenic, n.d.) This is just another proof of the popularity of the brand which has a very large and diversified
The company is best known for its popular product Coca-Cola, which was invented right here in Georgia in the late 1800’s by pharmacist John Pemberton. The Coca-Cola formula and brand was bought in the late 1800’s by Asa Candler, who incorporated The Coca-Cola Company in 1892. The company operates a franchised distribution system dating from 1889. The Coca-Cola Company owns its anchor bottler in North America, Coca-Cola Refreshments.
Business strategy stands an important key to every company. It determines the success or failure of a company. Strategic planning defines as the direction target of the company and how the company achieves that. Company need to have research to come out with the best strategy to meet with its resources and scale of the company. Coca-Cola Company is the world’s largest beverage company with 500 brands. Its business had been over 125 years and sells 1.6 billion beverages per day in more than 200 countries. In order to become the largest beverage company, Coca-Cola had come out many efficient business strategies to enhance their business and expand throughout worldwide.