Customer Segmentation Generally speaking, although the company focus on whole population in the world, young generation is the target marketed of the company and they also want to show their products with full of youth and energy to their customers. (Pendergrast, 1993). Even if there is no specific product or communication for less than 12 or more than 30, the brand succeed in reaching them, through partnerships for example (restaurants, fast foods such as McDonald’s) or thanks to its value among consumers. So, the core target audience of Coca Cola is youngster or youth. Their targeting is not based on gender but the results show that both genders like this product and use it. Finally, Coca Cola consider each customer as a target and a …show more content…
Coca-Cola satisfies in the first place a useful need, it takes away the thirst of a consumer. But coca-cola can also be seen as to satisfy a pleasure need. Consumers who drink coca-cola can experience a refreshing moment, which is more an emotional response. This satisfaction of a pleasure need can particular be seen in the commercials of coca-cola producers, who often show the consumption of coca-cola as a refreshing and fun experience. So consumers ' motivation to buy Coca-Cola depends on how strong they feel about satisfying the needs and wants described before. This will depend largely on their culture and how they are raised. Also, the consumption of Coca-Cola can cause an approach-avoidance conflict. Although it takes away your thirst and can give you a refreshing moment, it also contains a lot of sugar which is not good for your health. Therefore people can be less motivated to buy Coca-Cola. Because Coca-Cola satisfies in the first place an useful need, we think consumers are not very involved when they buy Coca-Cola. Especially in Western countries, where Coca-Cola is more of a everyday product, people purchase Coca-Cola soft drinks based on habit. Usually, consumers will not take into account the different Coca-Cola brands, but just purchase the brand they always take if it satisfies their needs, or in this case wants. Research has even proven that when consumers do not see the brand they are drinking, they do not taste any
Psychosocial and Cognitive learning are just a few of the theories that describe the makeup of human development and behavior. Psychosocial theories explore the relationship between the social environment and an individual’s psychological condition (Crawford and Hawford, 2011). Whilst Cognitive Learning Theory explains certain behavioral responses of people based on their understanding and mental representation of what is happening at the present time. This theory also explores a person’s everyday interaction within their environment and recognizes various social treatments as having an influential impact on a child’s development (Crawford and Walker, 2010). More specifically, this review of literature will be focusing on key aspects of Psychosocial and Cognitive Learning theories through the Attachment Theory and Piaget’s work respectively.
In this time where the world is quickly changing, Coca-Cola should consider shifting with consumers by personalizing and customizing products to healthy ones. They should become more global and focus on systematic problem solving to help solve this problem. So that, in the instance actions is taken against high level sugary or caloric drinks, they would not be affected and the beginning product, the foundation of the company’s name would not be
Firstly, the author introduces the history of the Coca-Cola; and how the brand is successfully developing into the most popular brand and ruling the soft drink world by outstanding products, good leadership, correct strategic decisions, completely distribution system, significant culture accomplishment, impressive marketing campaigns and publicities. But, they also had several problems in the 70s, which result in losing the market position at retail. At the same time, Pepsi, as the main competitor of Coca-Cola, started to make inroads by successfully launching the “Pepsi Generation” and “Pepsi Challenge”. Those kinds of efforts led to a rapid increase in Pepsi market share and strongly hit the brand image of Coca-Cola. Because of the severe situation, the leaders of Coca-Cola decided to change the formula of old Coke with marketing research supporting. So, the New Coke with a smoother and sweeter taste had been launched in April 1985. But out of expected, after launching the new taste soon, many customers boycotted the New Coke, and the market share of the company still decline. The company had to re-launch classic
The Coca-Cola organization has made exemplary strides mainly to offer a variety of products to its clients even with the competitive nature of the market. Consumers’ choice gets based on the brand aspect in which the organization wins most customers' heart against its rivals. Even though a significant number of people deny cases to having inclination picking between Coca-Cola items or its rivals', many have a strong desire in some way. Many inclines toward Coca-Cola products since the organization has more than hundred years of history and predictable brand image. This picture is engraved in a lot of people subsequently end up purchasing their beverages. It is out rightly conspicuous in the company’s high market share in the field of soft drinks.
Coca-Cola is shifting its product strategy to develop healthy beverages. “Minnick’s ambitions, if they hold, would utterly redefine Coca-Cola’s image as a purveyor of sugar-laden junk that you should’ve give your kids” (Carvens & Piercy, 2009). Entering a healthy-beverage market segment can potentially improve as well as expand Coca-Cola image. The new market segment will reel in even more consumers for the company, only
Coca-Cola delivers on an expectation every time a can is cracked. Drinkers expect it to taste and look a certain way. Imagine if you noticed (with no prior warning) the Coke was a chunky slime green just as you were taking your first sip. We feel protected when we
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).
Receiving this scholarship would be such an honor, knowing that I not only volunteered endless amounts of time o better support the community, but while doing so, inspire other youth as well. In today’s society and workforce, obtaining knowledge and skills are very necessary, and the clearest path to obtain either of those is through schooling, which is why I plan on attending Central Texas College to gain the knowledge and skills necessary to receive a degree in Arts.
Coca-Cola was the first cola in the United States and is also the top selling cola globally (About Us Coca-Cola History, para. 1). Coke was the only product that Coca Cola Corporation sold when it was first started, and now has other products that satisfy the different palates and concerns of consumers. Consumers don’t realize some of the products that are part of the Coca-Cola family until after reading the bottling information on the label. Financially Coca-Cola is still a global leader in the cola wars, with Pepsi being its number one competitor, but with
It has been over thirty-one years since the United States first waged the War on Drugs. This war has cost hundreds of billions of dollars to fight and has given our country many mixed results. We have seen fluctuations in the numbers over the years, which are, can be linked to different social fads and political agendas. Despite the enormous amount of money we have spent to rid our country of illegal drugs, we still have four million Americans addicted today. Stricter drug laws have caused there to be an overflow of prisoners convicted of drug charges and have transformed these people into tax burdens instead of taxpayers. Through the investigation of the drug war with President Nixon, through the peak of drug use in the late 70 's to the rise of crack in the 80 's and into the legalization of Marijuana, This paper will explain why drugs continue to flow into America at an alarming rate and try and uncover the effectiveness of the war.
The focus is on those who are 14 years and older that is interest in Coca Cola and its product brand. The demographic segment examines the age, gender and income level of people using the product. Coca Cola is able to target both men and women with its diverse drink
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.
Most Coke products satisfy entirely age groups as it is proven that most people of different age groups drink the Coca Cola product. This market is comparatively large and is open to both genders, thereby letting greater product diversification.
The Coca-Cola Company is one of the most popular beverage company in the world. The company’s products can be found in nearly every country around the globe and the Coca-Cola trademark has become one of the most recognizable brands on the planet (Hassan, Amos, & Abubakar, 2014). Coca-Cola offers a wide variety of beverages, including carbonated sodas, waters, juices, and energy sports drinks, along with their most popular selling item, Diet Coke. Coca-Cola has been selling their product since 1886 and has successfully grown into a major competitor that no rival has been able to completely match on profits or popularity.
Coca-Cola’s customer segments meet the needs of every age and every lifestyle. They provide a variety of products from different flavored sodas to soy based drinks. They have a drink that targets every age group. For kids and adults, they have