Marketing Plan
Introduction
This paper will discuss marketing plan for Coca-Cola Company. The definition of marketing will be presented along with other elements. Specifically discussed will be the following: definition of marketing, introduction of product/service, situation analysis, marketing strategy, product/service overview, pricing strategy, distribution channels, integrated marketing communications, promotion mix strategy, message strategy, promotion tool #1, promotion tool #2, and promotion tool #3. This paper will conclude with a summary of this discussion.
Definition of Marketing Marketing is creating sell through communication, price, promotion, place, and product. Marketing helps a company with advertised the product of
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The names of other competitors such as: Cadbury Schweppes, Groupe Danone and other non-alcoholic beverages. Coca-Cola prices advertisement, the Coca-Cola brand, and trade development are affected by the competition. It also affects the gross revenue of the company.
Coca-Cola Company is nation-wide and develops over time. But some Coca-Cola growth is not all time. Coca-Cola can receive bad publicity and it can affect the growth in sell.
Coca-Cola also depends on Partners Company for bottles this can possible slow down production. Coca-Cola can overcome their promoting with good publicity in the communities.
Marketing Strategy: Target Market(s) & Positioning
The Target Marketing is generalizing segment or segments to sell a product and/or service. Companies use target marketing to reach the consumer and find certain marketing factors, which allow the company to develop a marketing plan (Prdic, 2016). Target markets are broken down just like segmentation but more specific such as: the age, lifestyle, and buyer powers. Target market is a key element in a market plan. Companies can determine the factors of a market plan from a target market such as: price, promotion, and distribution.
Product/Service Overview and Strategies to Consider
Marketers try to understand the consumer buyer’s behavior by using the four p’s of marketing which are: price, place, promotion, and product (Hilman & Kaliappen, 2015). All of these inputs lead to the
The Coca-Cola Company is America’s number one soda brand and has been consumer’s drink of choice for decades. Coca-Cola does not sell just for its great taste, but also for its effective marketing strategies and sustainability. According
Marketing – The process of creating, distributing, promoting, and pricing goods, services, and ideas to facilitate satisfying exchange relationships with customers and develop and maintain favorable relationships with stakeholders in a dynamic environment.
Target market is the market segment to which a particular good or service is marketed. It is generally studied and mapped by an organization through lists and reports containing demographic information that may have an effect on the marketing of key products or services.
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
One of the external factors that have an effect on Coca-Cola is the newer technology. People know that Coca-Cola first provide their product in a form of a fountain drink. It has a fixed ingredient ready for people to get some ice and get Coke from their fountain. But with the advances in the technology today, Coke has invented a new Freestyle soda machine that allows people to create a custom beverage for themselves. Their new machine benefits Coca-Cola because it can shake up the market. It gets people to become curious and want to try it out the new machine. This is an opportunity that could boost the sales for coke and their other fountain drink products.
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 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.
The Coca Cola Company has been acquiring various local beverages companies aggressively over the last decade. Also, the company has increased its stake in major bottling operations.
The Coca Cola industry is a vibrant model that started in 1886 by John Styth Pemberton who was a pharmacist in Atlanta, which is the capital; headquarter for the Coca Cola Company. It is the world’s primary manufacturer of non-alcoholic beverage and operates on a global scale across over 200 countries worldwide with over 500 brands. The company is widely recognized by 94% of the world’s population (coca cola Company.com). Coca Cola is largely successful, has become the iconic beverage of the American culture, is ranked number three in the world, and is regard as “happiness in a bottle worldwide (bestglobalbrand.com) The company post revenue of 5.37 billion dollars with a 2% rise in the North American market (NBC.com). This report will therefore examine many different aspect of the Coca Cola company which as allow them to become the beverage and brand of choice worldwide.
The Coca-Cola is doing a great job in planning and control activities and they are the best soft drink providers in the whole world. The Coca-Cola is distributing their products all around the world and even small regions of countries. They are facing the market demand in a right manner of planning and controlling their operational objectives, product process, layouts and etc…
Political condition involve the laws made, government agency and also unions. Since Coca Cola is a multinational company, it run its operation all around the globe. To do this they have to comply with many rules and regulation in many different country. This make it harder for them to do any promotional activity as some country prohibits some product to be advertise. Coca Cola must then study the rules and regulation, terms and condition of a country before engaging it. And also because a Coca Cola manufacturing plan offers jobs to many worker, unions are definitely an important factor that will affect the way they manufacture their product. Pressure form consumer will also affect the marketing strategy as practices that are deem unethical will be
Coca- Cola Company is US multinational beverage corporation, with 129 years of history. Coca Cola was recognized as 4th world’s most valuable brands and most valuable brand in beverage industry in 2014 according to Forbes magazine. Coca-Cola’s international market strategies are the classic example of successful Global Marketing Mix, which uses both standardization-adaptation strategic combinations to achieve bigger market shares all over the world. However in a big game there are always big players, and Coca Cola’s most fierce rivalry is Pepsi. Both of them control around 60% of global nonalcoholic beverages industry as well as they are present in more that 200 countries around the world. Coca Cola as long-term leader in the beverage market owns huge portfolio of 500 brands. So
The pricing technique of Coca-Cola has supported the firm to compete and grow in the soft drink effectively. The volume discount and pricing penetration are the vital aspects to provide the firm generates its sales in the market. For instance, Coca-Cola partners with large supply chains such as Costco, Sam’s Club, and Walmart to provide great discount pricing in order to generate its sales substantially in the U.S and the global market. Equally, the firm also distributes its
marketing is to match the right product to the right market, providing an optimum return on investment. It is more than just advertising.
MARKETING: - marketing means the way that the company use to make the customers to aware about the product and services that they are providing to their customers.