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market structure and features of coca cola
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market structure and features of coca cola
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Coca-Cola
INTRODUCTION
Coca-Cola has been around for generations with the same iconic taste, logo and symbolism. Its brand has represented family and the memories of good times, celebrations and comfort of being with those we love. Unfortunately, the company has not made good marketing decisions in the recent past and has lost relevancy. The purpose of this essay is to assess the conditions that created Coca-Colas marketing problems, evaluate the future of healthy beverages and non-carb drink brand extensions, and provide recommendations to the management.
COCA-COLA BACKGROUND
The Coca - Cola Company began its legacy in 1886. Dr. John Pemberton, a pharmacist from Atlanta, created the patented Coca - Cola syrup for sale in fountain drinks. In 1899 the bottling business began when two business men from Chattanooga secured the rights to bottle Coca-Cola and sell it. Today Coca-Cola Company is one of the world’s largest and leading manufacturers of beverages and sells in over 200 countries. The four most popular extensions of the Coca-Cola brand are Coke, Diet Coke, Sprite, and Fanta and are nicknamed the Fab Four. Coca-Cola owns or licenses over 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.. The daily servings are approximated at 1.9 billion globally with the United States consuming at least 22% of the 1.9 billion (Coca-Cola.com, 2014).
MARKETING PROBLEMS AND OPPORTUNITIES
The problems in marketing and opportunities are expansive. According to Cravens (2009) in the 1990’s “Coca-Cola Co. was one of the most respected companies in America, a master o...
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Coca Cola Company has over 300 different brands across 200 countries. The company offers customers both carbonated and non-carbonated beverages which include fruit drink, fruit juice, sports drinks, bottle water and coffees. To stay ahead of the competition, Coca Cola is always developing new and existing brand locally and globally. The company does a good job investing a lot of money in marketing campaigns. These campaigns are meant to help with spreading awareness so that customers can stay inform of new and existing brands.
The history of Coca Cola began in 1886 and it was founded by Atlanta pharmacist, Dr. John S. Pemberton the curiosity led him to create a distinctive tasting soft drink that could be sold at soda fountains. The first servings of Coca – Cola were sold for 5 cents for a glass. During the first year, sales were a meek nine portions per day in Atlanta. Today, daily servings of Coca Cola beverages are estimated at 1.9 billion globally. In 1886 he sold to Atlanta businessman, Asa G. Candler. Under the leadership of Mr. Candler’s the distribution of Coca – Cola expanded to soda fountains. In 1894, overwhelmed by the growing demand for Coca Cola and the desire to make the drink movable, Joseph Biedenharn fixed bottling machinery in the rear of his Mississippi beverage fountain, becoming the first to place Coca Cola in bottles. Considered an innovative tactic back in 1887, it was followed by newspaper publicity and the distribution of promotional items bearing the Coca Cola script to participating pharmacies. One of the most famous advertising slogans in Coca Cola history “The Pause That Refreshes” first appeared in the Saturday Evening Post in 1929. In 2009, the “Open Happiness” campaign was unveiled globally. The central message of “Open Happiness” is an invitation to billions around the world to recess, revive with a Coca Cola, and continue to enjoy one of life’s simple pleasures.
History of Coca-Cola started in 1886 when the interest of an Atlanta drug specialist, Dr. John S. Pemberton, drove him to make an unmistakable tasting soda that could be sold at pop wellsprings. He made an enhanced syrup, took it to his neighbourhood drug store, where it was blended with carbonated water and regarded "amazing" by the individuals who tested it. Dr. Pemberton's accomplice and accountant, Straightforward M. Robinson, is credited with naming the drink "Coca‑Cola" and in addition planning the trademarked, particular script, still utilized today.
Coca-Cola could be a effervescent potable sold in stores, restaurants, and merchandising machines internationally. The Coca-Cola Company claims that the drinkable is sold in additional than two hundred countries. It is made by The Coca-Cola Company in Atlanta, Georgia, and is commonly said merely as Coke (a registered trademark of The Coca-Cola Company within the u. s. since March twenty seven, 1944). Originally meant as a medication once it absolutely was fictitious within the late nineteenth century by John Pemberton, Coca-Cola was bought out by bourgeois As a Griggs Candler, whose selling techniques crystal rectifier Coke to its dominance of the planet soft-drink market throughout the twentieth century.
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
Coca-Cola was founded by an Atlanta pharmacist, John Pemberton in 1886. After fighting in the Civil War, the pharmacist wanted to invent something that would bring him commercial success (Coca-Cola Company). He invented several drugs, but never had any success with them. He decided to enter the beverage industry. During this period, it was popular
08461. MARKETING PROFILE OF COCA-COLA COMPANY. Analysis of the company's marketing program of its main product, original formula Coke. The investigation includes a detailed analysis of the company's ma...
Coca –Cola (KO) is one of the world’s largest beverage companies. Company was incorporated in September 1919 under the State of Delaware law and headquarters is located in Atlanta Georgia. But from 1886, company established its brand in US (Coca-Cola, 2012, p. 1). Currently company is providing for more than 500 varieties of non-alcoholic sparkles to the customers around the world. Apart from this, company also serve for still beverages that includes enhanced water, water, ready-to-drink, juices, energy drink, sport drinks and so on.
Coca-Cola has an extensive history that began 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 (WOCC 1). He created a flavored syrup, took it to his neighborhood pharmacy, where it was mixed with carbonated water using the process of effervescence and deemed “excellent” by those who tried the new product (1). Dr. Pemberton’s partner and bookkeeper, Frank M. Robinson, is credited with naming the beverage “Coca‑Cola” as well as designing the trademarked, distinct script, still used today(1).
Since the mid 1980’s many of us have become familiar with the terms “the Cola Wars” (Wikipedia, 2010). Coca Cola and Pepsi have been the two largest soft drink competitors in the world for quite some time now. What makes these companies successful? What gives them the retention to prosper for years across the globe? For this project I analyzed the financial statements from 2003 through 2005 of both companies to gain insight as to these questions and others. By reviewing and then analyzing the data it becomes visible that these two companies are still standing strong in a market that is still dominated only by each other.
The Coca Cola Company was founded in 1886 in Atlanta, Coca-Cola Organization is the universe's drivin maker, advertiser and merchant of nonalcoholic refreshment concentrates and syrups, used to create more than 230 drink brands. It is likewise the universe's most comprehensive brand. It has just wandered provincially out of Atlanta to different conditions of United States since the late 19th century and its mark from bottle was first fabricated in the mid 20th century to separate themselves and guaranteeing the real Coca-Cola. Despite the fact that the organization developed quickly and thundered into some European nations amid the 1900s, its quality overall developed quickly, simply after World War II. After quite a long time, the organization
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 growths C. grow system profitability and capability together with our bottling partners. D. Direct investments to highest potential areas across markets. E. Drive efficiency and cost effectiveness everywhere. In 2003 Coca-Cola Company products comprised of about 10% of total worldwide sales of non-alcoholic beverage products. The company's' primary competitor in many countries is PepsiCo. Other significant competitors include Nestle S.A., Cadbury Schweppes plc, Groupe Danone, and Kraft Foods Inc., among others. The remaining portion will evaluate the performance and give an investment outlook of the Coca-Cola Co using market and ratio analysis.
Coca Cola is a soft drink that was invented in 1886. In 1916, the Coca Cola Company began manufacturing of its most famous bottle. In 1928, the company’s president led an expansion plan of Coke overseas when he introduced the soft drink to the Olympic games. In the 1960s, the company expanded with the introduction of new flavors, while in the 1980s, Coca Cola focused on innovation and change. As the company’s presence grew globally, Coca Cola found a home in countries around the world.
...ke its decision to change the formula of Coke in 1980s but its overall performance has been quite impressive. At present, the company has adopted some new strategies in order to increase its market share in the international market and is rapidly expanding its operations worldwide. It is obvious from the above study, that the management of Coca Cola has been successful enough in devising its marketing and promotional strategy and this is the reason that Coca Cola is one of the well-known brands in the world. However, there are still some areas in which the company needs to bring improvements. For instance, in some countries where Pepsi has a market leadership, Coca Cola needs to improve its promotional strategies and offer more value to the consumers so that it may outperform Pepsi. Works Cited Coke Says Cheers, http://www.fool.com/News/Take/2003/take030320.htm
The company’s profits amounted to just under $15 billion in 2005, while its market value is calculated at over $100 billion. Worldwide, more than one billion cans or bottles of Cola-Cola are consumed every day – or 12,500 every second. Advertising is key to Coca-Cola’s expansion, seen most recently in the launch of its new global campaigns slogan:“Live on the Coke Side of Life”. Coca-Cola spends a massive $2 billion a year promoting its image of healthy, wholesome living, including through sponsorship of major sporting events such as the football World Cup and the Olympic Games. Yet there are signs that the image is beginning to crumble.