1.0 INTRODUCTION
The purpose of this case study is to assess the internal and external environment analysis and management function of The Coca Cola Company. Since 1998, the company has been struggling evolved their internal weaknesses and external threats day by day. Management strategy is the key concept for The Coca-Cola Company to survival and continue the business.
1.1 INTRODUCTION OF THE COCA-COLA COMPANY
In “The World’s Top 100 Food and Beverage Companies of 2015”, The Coca-Cola Company is the 5th largest beverage company which serve consumers with 3,800 beverage brands over 200 countries each day. The company is best known for its flagship product Coca-Cola which is invented by pharmacist John Stith Pemberton in 1886. The Coca-Cola
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Coca-Cola has been refreshing the world for about 130 years, from 9 servings Coca- Cola per day which sold for only 5 cent per glass in Atlanta become the best-selling sparkling beverage with daily servings estimated at 1.9 billion globally. The trademark- “Coca- Cola” was registered in 1893 and the first large scale bottling of Coca- Cola was began in 1894 by Biedenharn Candy Company Vicksburg, Mississippi. The bottling system grew up, The Coca- Cola Company and its subsidiaries produce syrup concentrate and then sold throughout various bottles to all its franchise around the world. In 1923, Fanta, Minute Maid and Hi-C became the soft drink other than Coca- Cola marketed by …show more content…
While the world keep changing, the company always facing a huge number of challenges either internal or external environment from all over the world. To continue the business over next 10 years and beyond, The Coca- Cola Company need to prepare a long term “Roadmap” for now and future which always get ready to overcome all the problems and continuous thrive its business.
1.3.1 VISION
The Coca-Cola Company have their vision serves as the framework to company’s Roadmap. They guides with this 6P aspect of the business to accomplish sustainable and quality growth. People: Be a great place to work where people are inspired to be the best they can be. Portfolio: Bring to the world a portfolio of quality beverage brands that anticipate and satisfy people's desires and needs. Partners: Nurture a winning network of customers and suppliers, together we create mutual, enduring
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.
The first company that conducted its operation in the soft drink industry was Coca-Cola. They brought a new revolution in the history of the world. Coca-Cola is the most popular and biggest-selling soft drink in history, as well as the best-known product in the world. Coca-Cola invented in May 1886 by Dr. John S. Pemberton in Atlanta, Georgia. The name 'Coca-Cola ' was suggested by Dr. Pemberton 's bookkeeper, Frank Robinson. He kept the name Coca-Cola in the flowing script that is famous today. Coca-Cola was first sold at a soda fountain by mixing Coca-Cola syrup with carbonated soda in Jacob 's Pharmacy in Atlanta by Willis Venable. During the first year, sales of Coca-Cola averaged nine drinks a day, adding up to total
The company known as Coca-Cola today was started in September of 1919, but the first Coke brand was served as early as 1886. Since that time it has grown to be one of the most globally recognized brand names with a stock value of $167 billion. Coke’s plan has always been developed with the future in mind. Right away the company realized that it was more profitable to manufacture the concentrate used to make carbonated drinks than to bottle it. From that point on they saw the entire world, not simply the originating country, as their desired market. It seems only practical that the company should pursue this agenda until conquered then focus the effort on expanding into different product lines. This logical
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.
People: Be an awesome work environment where individuals are enlivened to be as well as can be expected
The Coca Cola Company is very cautious and responsive to change; they act with urgency and have the courage to discourse when needed to work more efficiently. Coke’s focus is to administer its system assets to build values and rewards for the people who take risks by finding better ways to solve problems. Coca Cola Company feels they are accountable for their actions and inactions and hence answerable to the people. They learn from their outcomes and understand what works or what doesn’t for them.
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
Coca-Cola Company has realized significant growth since its establishment to become a global leader in the marketing, manufacturing, and distribution of syrup and soft drinks. Out of the four generic strategies, the company has followed the differentiation strategy to make its products unique in the market. Its interest is to maximize the market share through the development of the most innovative products and the establishment of effective strategies to influence the customer’s decisions. In such a way, the company has integrated various strategies to ensure that desirable results are attained in the market. Its strategic choices align with the differentiation strategy in an attempt to make its products unique and meet diverse market requirements. To reduce its weaknesses, the company should consider exploiting key opportunities in the market including venturing in the packaging of water, promotion of new brands, and launching of healthy products. In particular, the vision and mission statement of Coca-Cola seems to have reconfirmed and changed in this process of company’s strategic analysis.
It was 1886 in Atlanta, Georgia, the Civil War was finally over and war veteran and pharmacist Dr. John S. Pemberton was about to create what would become the world’s most popular sparkling drink. Pemberton was looking to make a profit and, since the temperance movement prohibited alcohol, recognized that there was an increasingly large market for soda fountain drinks. Making a syrup that he brought to local pharmacies to mix with carbonated water, he invented Coca Cola. During its first year on the market Coca Cola averaged about 9 servings a day in Atlanta; now, daily sales average about 1.9 billion a day, worldwide. Much of this widespread success is due to the exceptionally affective Coca Cola advertisements used throughout the
The essay describes the key characteristics of Coca Cola Company and how these characteristics are aligned with the organizational behavior. The motivational theories are also discussed in detail which could be useful in managing such a large workforce.
The Coca-Cola Company is a leader in the beverage industry with a reputable brand and strong global presence. According to the Coca-Cola Company’s mission statement and 2020 vision, some of its goals include:
People: Be a great place to work where people are inspired to be the best they can be.
People: Be a great place to work where people are inspired to be the best they can be.
Financial analysis is the art of transforming data from financial statements into information to gain understanding of an organization’s financial standing in a giving industry. Therefore, I’ve decided to discuss the financial statements of a multi-national enterprise--The Coca-Cola Company. The Coca-Cola Company has achieved customer satisfaction and high market sales locally and globally by strategically positioning themselves in the market. As a consultant it’s my goal to help readers understand the opportunities and risks that competitors may face as they merge into the beverage market. Therefore, I have conducted extensive research and utilized top business frameworks to provide an abbreviated analysis of the beverage industry and market strategies utilized by the Coca-Cola Company to gain and maintain its competitive advantage.