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International business strategy of COCA COLA
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Coca-Cola is one of the world’s most enduring brands. In fact, the Coca-Cola brand is consistently one of the world’s top five brands, as the flagship beverage brand of the Coco-Cola Company (Best Global Brands Rankings 2017). The Coca-Cola company, is the world’s largest beverage company operating in over 200 countries and offering over 500 brands to people. However, The Coca-Cola Company is not just a soft drink company but a company whose mission is to refresh the world, to inspire moments of optimism and happiness and to create value and make a difference. It’s a company with a clear vision of what it needs to do to not only sustain growth, but to sustain quality growth. Further, it has a clear set of values that serve as a compass for actions that describe how it behaves in the world. This branding, mission and value statement drives the Coca-Cola Company throughout the world. The Coca-Cola Company has evolved significantly over the years, but it’s history is a relatively …show more content…
Japan first began ordering Coca-Cola in 1910 until World War II. Following the war, Coca-Cola resumed operations in Japan in October 1945. In 1964, Coca-Cola made a major push to display its presence to the Japanese market and global visitors during the Tokyo Olympic Games. The Company and bottlers provided billboards, guide maps, and a robust marketing campaign. Coca-Colas has continued to grow its present in Japan. Today, Coca-Cola Bottlers Japan, is the world’s third largest Coca-Cola bottler by revenue, and delivers Coca-Cola products to over 100 million customers in Tokyo, Osaka, Kyoto, and 35 prefectures. Coca-Cola East, Japan was founded on 1st January 2013. The formation of the company was after the merging of four bottlers in Southern Tohoku, Kanto and Tokai regions. The Coca-Cola East Japan became Coca-Cola Bottler Japan, Inc. on January 1, 2018 after merging with 5 group companies among them the Coca-Cola West Company,
The Coca Cola Company has been "Refreshing the World for 125 years"(Coca Cola). In the 200-plus nations that The Coca Company serves, it is hardly possible to go anywhere and not be able to find a refreshing Coke. Since its creation in 1886 by John S. Pemberton as a "Coca Cola syrup & extract"(Coca Cola), the beverage became in instint favorite and quickly became a national product in the United States. Innovations such as "The Contour Bottle" helped distinguish the Coca Cola beverage from the many other competitors that tried to imitate their success. Working with their bottler manufacturers, The company was able to patent a bottle specifically for their product. "A bottle for Coca‑Cola that was so
Analysis of the Coca-Cola Company The Coca-Cola Company is the world's leading manufacturer, marketer and distributor of soft-drink concentrates and syrups. The Coca-Cola Company is the world's leading manufacturer, marketer and distributor of soft-drink concentrates and syrups. The Company markets many of the world's top soft drink brands, including Coca-Cola, Diet Coke, Sprite and Fanta. Through the world's largest and most pervasive distribution system, consumers in nearly 200 countries enjoy the Company's products at a rate of more than one billion serving a day.
The Coca-Cola Company was founded in 1892. Since its inception, the organization has seen a steady increase in its market share over the years, and to this day has operations in over 200 countries worldwide. To achieve such success in its competitive market, Coca-Cola has employed sound strategies that have helped it become among the leaders in its industry. The Coca-Cola Company utilizes Market Based Management (MBM) techniques as well as Value Driven Management (VDM) techniques within the organization and in its market to help the firm sustain its stronghold of the market.
The cocacola crisis was triggered by a press release by CSE ( center for science and environment ), “Hard Truths about Soft Drinks,” on August 5, 2003. According to CSE “12 major cold drink brands sold in and around Delhi contain a deadly cocktail of pesticide residues”. The pesticides namely lindane, DDT, malathion and chlorpyrifos were found in the cold drinks. These pesticides were believed to have dire consequences on health causing cancer, damage to the nervous and reproductive systems, birth defects, and severe disruption of the immune system.
Without a doubt, no beverage company compares to Coca-Cola’s social popularity or brand notoriety. Some people buy coke, not only because of its taste, but because it is also the most socially accepted brand. Another strength that is very important to Coca-Cola is customer loyalty. For instance, in a household where parents are avid Coke drinkers, this will be passed down to their children. Customers will continuously but Coke.
Coca-Cola became incorporated in 1919 and is now the largest manufacturer, distributor and marketer of non-alcoholic beverages in the world. Nature of the Business Today, Coca-Cola markets and connects with consumers using a portfolio of nearly 400 brands in over 200 different countries. Coca-Cola has five strategic business units: North America, Africa, Asia, Latin America, and Europe, Eurasia and the Middle East. The company adopted their strategies of success using the following strategic priorities: A. Accelerated carbonated soft-drink growth, led by Coca Cola B. selectively broaden the family of beverage brands to drive profitable growth, C. grow system profitability and capability together with our bottling partners. D. Direct investments to highest potential areas across markets.
The Coca-Cola Company is the largest non-alcoholic beverage company in the world who owns, sells and distributes more than 600 different non-alcoholic beverages in 200 countries and more. “The amount of product Coca-Cola sells equates to 1.9 billion or 3.2% of the total amount of non-alcoholic beverages served worldwide” (Jurevicius, 2017). Additionally, they have a large/dominant market share, enormous brand recognition and a huge advantage in the number of consumers they can reach. Not to mention the Coca-Cola Company also owns other reputable brands such as Sprite, Fanta, Minute Maid and even Powerade to name a few that combine to earn the company, approximately, an additional $1 billion dollars annually. Because Coca-Cola are a huge presence in this industry, the company has the ability to beat out its competitors by underpricing some of its items and can exercise market power over its suppliers. Like Coca-Cola, Snapple has a strong foothold in their diverse brands they offer as well.
With Gatorade being connected with PepsiCo, the top and number one competitor to both, Pepsi and Gatorade, would be Coca-Cola and PowerAde (under Coca-Cola). According to Hoovers, next on the list that would come close to competing with PepsiCo and Coca-Cola would be Mondelez International, Inc. (Hoovers.com). Gatorade is in the “Energy, Sports, Health & Nutritional Drink Manufacturing (primary)” industry (Hoovers.com).
Considering individuals are becoming more health conscious it would be beneficial for Coca Cola to continue producing even more healthy products. Producing healthier drinks could potentially get their products back in schools. Researching into cheaper materials as well as environmentally friendly alternatives to plastic would be another recommendation. The main concern for Coca Cola is water supply. Without water Coca Cola would not be able to stay in business. It is recommended for Coca Cola to reduce the amount of water it uses. They have already begun a goal to improve water use. “Our 2020 goal is aggressive and builds on the 21.4% water efficiency improvement we’ve made since 2004. We expect to increasingly assess not just the quantity of the water used to grow our product ingredients, but the impact of that use as well” (Improving,
Coca Cola was first founded back in the 1880’s. It was developed as an American iconic brand recognized for high quality and consistency. During this period a demand for recognition of the brand name was important for the company. Coca Cola met these demands with its red and white logo packaging and brand marketing to encourage consumers that the Coca Cola would taste the same anywhere else it was purchased. These marketing strategies became the foundation for Co...
In 2011 PepsiCo announced the launch of their Social Vending System. This system featured a full touch interactive screen. A consumer can select a beverage and enter the reciepent's name, mobile number, and personalized message and gift it with a video. PepsiCo uses technology to their advantage for global implementation.The company uses media sites in multiple was as advertisement and marketing tools.
Coca - Cola : Claims, Values and Polices Coca-Cola is a well-known and cherished brand name. When people think of this name, memories tend to overflow in their heads. Why do you need to be a member? Because, not only does Coke taste great and refresh your own personal memories, it also fills you with memories of the Coca-Cola like "Always Coca-Cola", the antics of the Coke polar bears, and all of the different ads that have represented Coke over the years. Just about every ad you see, as a consumer, has tons of hidden meanings.
The Coca Cola Company has been among the world’s top companies that have been able to perform well in all the areas of the world. The company follows the latest strategic research and evaluation methods to formulate such strategic policies that helps in not only meeting the customer expectations and desires but also achieving various organizational goals and objectives.
Coca-Cola is a company with sustainable competitive advantage. The company is innovative and has an extensive business model with boasts of a sustainable distribution network. The company was incorporated in the late 1800s to commence the production of a sweet fizzy beverage that has become the world's most known brand. Presently, the company is still on an upward trajectory as it remains one of the world's most sought-after stocks. The company's competitive advantage has shown resilience and sustainability over the years.
Coca-Cola started out small in Atlanta, once as a Candler started the Coca-Cola company he " begun an active and innovative marketing campaign that spurred the wide distribution of Coke across the United States." Once he had this going he had to strategically plan on how to bottle his soft drink and get it ready for shipping. Once the product was bottled he had to plan on how his product would be distributed. "In 1899 the Coca-Cola company first signed a bottling contract, As a Candler did not believe bottling would be successful and sold the bottling rights to Benjamin Thomas and Joseph Whitehead." They successfully bottled the Coca-Cola product. Now that bottling and shipping the product wasn't the issue, Coca-Cola was shipped throughout the Un...