Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Coca cola industry trends
Coca cola problems and issues
Marketing challenges facing Coca-Cola
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Coca cola industry trends
Introduction:
In the following report, we present a macro analysis of the Coca Cola Company. It shows the issues and current situation of Coca Cola, specifically in India. The study shows the essential elements in the beverage industry.
This work contains a brief introduction of Coca Cola and details the biggest issues, which have been analyze with STEEPLE analysis in order to analyze the current situation of the company. The main objective is to determine the position of Coca Cola Company in the market and see the factors that are affecting it directly and indirectly. The study shows several factors that such as the economic growth, environmental issues in the communities, legal problems,etc.
COCA COLA
Coca Cola is an American multinational corporation and manufacturer of non-alcoholic beverages. The company is well known for its main product Coca-Cola, invented in the 1886 by John Stith Pamberton and was incorporated in 1889 by Asa Griggs Candler. Coca Cola Company currently have more than 500 brands over 200 countries, and serves approximately 1.7 billion servings per day. Since 2000, Coca-Cola has been criticized for many malpractice issues, including health situations, pollution problems and poor business practices. The main allegations against the company are related to the effects of coca cola on health, environmental irresponsibility, controversial marketing campaigns, and suspicious labor practice, among others. The perception of the company by its unethical practice has form lawsuits, boycotts, and one particular pressure group known as ''The Killer Coke''. In the following analysis, I'm going to be pointing out the main issues of the company and how its market has been affected.
STEELPE ANALYSIS
For the following c...
... middle of paper ...
...oca Company represents in the market, they could have all types of beverages.
• The company should be taking more advantage of the social network and media. Make a new system for ads so the public gets to know all of the products.
• Coca Cola should be more open to the feedbacks in order to improve their products/tactic.
• The company should be careful with the advertisements, some of them have cause controversy around the world and this affects the sales of the products. The last controversy Coca Cola faced with the TV commercial in SuperBowl'14, where people from different cultures sang the song ''America. The Beautiful'' in 7 different languages. Many people started boycotting the Coca Cola products.
• There should be more control in every department of the company, anything can cause Coca Cola big losses and the brand name can get affected.
Conclusion
To handle the enormous scope of its business, the Coca-Cola Company has divided into six operating units: Middle and Far East Groups, Europe, The Latin America Group, The North America, The Africa Group and The Minute Maid Company. The head Quarter is in the United States. Methods of Research I will use The method of research which I will use is the secondary research, i.e. I have asked The Coca-Cola Company to send me their history and annual reports. I will also call The Coca-Cola Company office to ask some details, I will also use ask them some relevant questions (questionnaire method), interview the people on the high street and will do some research over the Internet. From those sources I am going to finish my all other tasks.
Development in the political arena would have been handled well if Coke would have evaded having to sell 49% of its equity by approving to start new bottling plants. The timing of entry into the Indian markets brought In terms of promotional activities, the advertising and giving away of free offers and vacations by Coca cola and Basmati rice by Pepsi, the coca cola’s goal in connecting the youth to the market, the different promotional TV campaigns in India using of celebrities, and the Pepsi sponsorship of cricket and soccer sports. In terms of pricing policies, Pepsi got a quicker market share by their belligerent pricing policies and coca cola’s 15-25% price cut down in the market. In terms of distribution arrangement, the bottling and packaging of products for better distribution around Also, to save and recycle the usage of water.
... objects and customer regions. Do making a clear differentiation image between its soft drinks and bottled water. Because the consumers may believe that bottled water of Nestle sounds healthier than Coca-Cola brand since Nestle tend to emphasize their image on healthy food products. Then do market test for new taste, new packaging, or new innovation according to each regions, and especially for Europe, the company should launch the new one to replace Dasani image in order to seize their market shares. They may renew all nutrients and packaging. Finally Coca-Cola should continue its joint ventures with the regional companies in order to protect their products from barriers to entry both international trade restrictions and distribution channels. Furthermore, joint venture with local brand is a long term contract guarantee to make it easier for HOD to a specific region.
Coca-Cola believes that it is important to make a positive to the world we live in. Due to this thought, Coca-Cola chose to start by reducing the sugar in their drinks and to continue to launch new ones with added benefits. Coca-Cola also believes in working in order to reduce their environmental impact, whilst doing this Coca-Cola is also rewarding careers for their associates, which allows for there to be economic opportunities wherever they operate. So far, at this point in time Coca-Cola and its bottling partners have been able to hire more than 700,000 people all over the world. “The red and white Coca-Cola logo is recognized by 94% of the world’s population.”
By the leader and or leaders not stating that they need a new formula, members would have probably come up with ideas such as introducing a new product instead tailored to Pepsi drinkers taste and not tinker with a winning product already. They definitely should have used a devil’s advocate to argue why their changing the formula was a bad idea, I’m sure the point of what about the current Coca-Cola’s consumers that already like and drink Coke would have come up. The most important thing was of course that they should have considered their already loyal consumers views, and not have focused so much on winning such a narrow group of Pepsi consumers, better research through surveys of their loyal customers should have revealed their feelings about a change in their beloved product and that the customer is king and not the executives when it comes to success or failure of a
Weaknesses – Coca-Cola is a very successful company with an impeccable social media following. Word of mouth is probably a strength, but only when feedback from consumers is positive, but there are people who are against Coca-Cola and their products. Even though Coca-Cola produces over 200 brand products, Coca-Cola lacks the social media popularity of other brands that they produce (Moth, 2013). Many drinks that they produce are extremely popular such as Coke or Sprite, but there are a lot of Coca-Cola products that are unknown, unseen, and unavailable for
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,
Learning from experience Coca-Cola has had some fierce competition over the years but nothing in the form of an entire health market shift like now. As well as mounting political persecution of its products like they are facing today. They must rely on past experiences to get through but likely will need to start studying the new trends to stay relevant.
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.
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.
The selected business organization is Coca Cola Company. This company is well known for production of soft drinks and beverages, which include coke, fanta, sprite, krest, among many other brands. On the other hand, it is best to note that this firm is an American business organization, retailer, manufacturer, and marketer of non-alcoholic drinks. The headquarters of this multinational corporation is in Atlanta. Most importantly, the company is worldly known for its global brand name of Coca Cola. Furthermore, the company makes distributions to more than 200 countries as it offers more than five hundred brands of its beverages to people for consumption. In essence the company serves close to two billion people globally each day. Moreover, the business organization operates a franchise business system of distribution whereby it gains a lot from this particular mechanism (Mike 2001).
The Coca-Cola Company, distributing the Coca-Cola product, has faced many macroeconomic variables that indicate trends in the economy. A reduction in consumer confidence in the United States, resulting in lower product sales, has been offset by rising sales in overseas markets. Coca-Cola has combated problems such as unemployment, global warming, and rising interest rates. The Coca-Cola Company looks to new programs to encourage employment, additional ways to provide water for their products, and good management to maintain a healthy credit rating. Impact of Economic Variables on the Coca-Cola Product.
The beginning of Coca Cola’s ethical issues started in 1999 when several hundred people in Europe were sickened after consuming allegedly contaminated Coke products. It took 14 days for then Chairman to take notice and issue statement in response to the problem. And in the response they never actually took responsibility for their actions but addressed the fact their quality was paramount and that it couldn’t be the cause of the possible contamination. Coke passed the blame to just about everyone during this debacle. During this controversy, the main ethical issue was the lack of social responsibility shown by Coca-Cola. They didn’t officially apologize for the alleged contamination issue for seven months. This showed the consumers, especially the EU, that they really didn’t not value or respect the consumers; both affected and unaffected. One of the most effective solutions would be that Coke take on all publicity issue...
Look SDmart, Retrieved 05/16/07, from http://findarticles.com/p/articles/mi_m1365/is_1_31/ai_63974359/print. Coca-Cola: A Technological View, retrieved 5/18/07, from http://projects.olin.edu/ahs/HOT2004/PolarBears/content.htm. Coca-Cola Our Company- Around The World, retrieved 5/18/07 from http://www.coca-cola http://www.thecoca-colacompany.com/ourcompany/aroundworld.html Nutrition Business Journal. Penton Publishing. October/November 2005.
In this project I will present about coca-cola company, how they are working and I will present a short history of company, and how they get their accomplishment in the world. This company is very famous in the world and a company that has proven itself. The importance of employment will be analyzed through the number workers at this company.