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The Coca-Cola Company: Coke Gets Back to Business

Satisfactory Essays

ATENEO DE DAVAO UNIVERSITY
School of Business and Governance

The Coca-Cola Company: Coke Gets Back to Business

Submitted to:
Mr. Godofredo Eding

Submitted by:
Ruplo, Divine Joy

June 18, 2010
I. Background Throughout the world, Coca- Cola has established its name as one of the biggest selling soft drinks and leading distributor of beverages. However, there prominence has also declined due to unexpected events. These changes were also brought by new heads of the company. Coke’s former CEO, Roberto Goizueta had considerably increased the market value of the company but declined when he was replaced. Since another chief operating officer took over in 2000, Coke’s growth in the market was challenged by many investors on how …show more content…

III. Problem Statement How should Coke regain its global dominance through strategic plans to increase its market value?

IV. Objectives
1. Expand a growth potential of a carbonated soft drink in the market this year.
2. Develop a product of noncarbonated variety to increase profit this year.
3. Improve customer relationships with ingenuity to create development on service channels to market the product in the next six months.
4. Appropriate investments in large prospective markets for greater purchase connections this year.
5. Increase cost-effectiveness and competence.

V. Areas to consider Expanding a specific potential of a carbonated soft drink should be further investigated by the Research and Development Department. Through accelerating the emergence of an old product, this would yield another track of working hand-in-hand with marketing research findings. If necessary, it has to improve the taste or packaging areas that need innovation. Developing a noncarbonated drink would also need thorough research of developing its brand image that would surely hit people’s interests especially on taste. The power of media could also bring a good start of introducing new products since many are now concerned with their health. The improvement of customer relationship can bring large impact through increasing the sales force that would surely market the product

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