TITLE: GLOBAL MARKETING STRATEGY, SOCIAL RESPONSIBILITY AND MARKETING ETHICS OF COCA- COLA BOTTLING COMPANY WORLDWIDE ABSTRACT: This essay centers on coca cola Company, which is an organization that has been picked in this essay. It should be noted that it is an indisputable fact that coca cola is one of the most successful organizations in the area of drinks and beverages. The strategies used by this organization to sell their product shall be discussed in this aspect. It should be remembered that we have various market strategies used by different companies in order to achieve and sells their product. In this case, we shall also analyze how the marketing activities are applicable for the success of this organization. Introduction: …show more content…
The statistics show that great business organizations are great because of the strategies in communication they put in place. We have different ways by which we can communicate for instance visual, media, etc. The global communication is a very crucial phenomenon in a business environment, it involves the ability to provide and access vital information across cultures via speaking, reading, listening or writing. MAIN BODY At the international level, we cannot be mentioning successful companies without Coca-Cola, IBM, general electric etc. this will concentrate on the Coca-Cola. Their names have become the household word around the globe due to the various branches and main depots they have in various countries. John Pemberton invented Coca-Cola in 1886 and being a pharmacist he knows more about the constituent of the beverages. He has fought in a civil war and later decided that he want to do something commercially that can earn him success, this was why the Coca-Cola was born like a little baby. John registered Coca-Cola and also designed the logo and even wrote the slogan, “The pause that refreshes”. Coca-Cola did not move so well before the Doc Pemberton died in 1888. Asa Griggs Candler rescued the commercial business of john by becoming the sole owner of the
Coca-Cola- In May 1886 John Pemberton invented a drink, Coca-Cola, by accidentally stumbling on the right combination of ingredients while trying to devise a cure for headaches. Pemberton was an experienced maker of patient medicines, which were hugely popular in America in the late nineteenth century. The name was coined by one of Pemberton’s business associates, Frank Robinson. He also contributed to the promotion of the drink by sending out tickets for free samples and putting up posters and banners that read “Drink Coca-Cola, 5c.” Robinson also developed the famous logo for Coca-Cola, which appeared in newspaper
Communication is such an important part of everyone’s daily life, not only in one’s personal life but also in organizations. Also now a day, we are becoming every year more and more global and working with different countries and cultures around the world. Henceforward, globalization is increasing, which makes communication a very important part of doing business internationally.
big market share, such as Pepsi Cola, Mt.Dew, and so on. I like to drink Coke
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.
Aside from accentuating on client behavior, consumer satisfaction likewise plays a vital role in deciding on the real revenue-boosting factors offer more priority to a business decision that ends up in customer loyalty. Studies show that the Coca Cola Company has the most exceptional reputation as far as the field of manufacturing of soft drinks is concerned. It was even granted as the fifth best in the section of most recognized bodies in the year 2013 across
Coca-Cola was invented by John Pemberton the Coca-Cola Company began in 1886. With more than 1.9 billion consumers a day, in more than 200 countries, Coca-Cola is dedicated to being the world’s largest beverage company by maintaining and gaining customers. Customer preference is a core value to coke. Coke has dedicated itself to meet the thirst needs of every customer. They engage with their customers at home, restaurants, sporting events. Almost everywhere customers go, they can find a coke product. They build their top line growth and capital efficiency through investment in FIFA World Cup, “Open Happiness” global campaign, and have many worldwide partners, increasing their business nearly 5% every year by creating a diverse customer base.
As the Coca Cola company has come a long way from advertising a few servings of sparkling drinks in a pharmacy, to a worldwide business. Coca Cola’s loyalty to remain at the front of the shifting public values in increasing their promotion tactics has confirmed to their plus. Without any confusion The Coca Cola Company has developed all the basics necessary to run a multimillion, worldwide venture and it refreshes all the people that come in contact their
When it comes to the world’s most powerful brands, Coca-Cola is still the leading brand globally. The iconic beverage maker, which has dominated the global soft drink market for more than a century, continued its 12-year dominance in the year
Coca-Cola Company has realized significant growth since its establishment to become a global leader in the marketing, manufacturing, and distribution of syrup and soft drinks. Out of the four generic strategies, the company has followed the differentiation strategy to make its products unique in the market. Its interest is to maximize the market share through the development of the most innovative products and the establishment of effective strategies to influence the customer’s decisions. In such a way, the company has integrated various strategies to ensure that desirable results are attained in the market. Its strategic choices align with the differentiation strategy in an attempt to make its products unique and meet diverse market requirements. To reduce its weaknesses, the company should consider exploiting key opportunities in the market including venturing in the packaging of water, promotion of new brands, and launching of healthy products. In particular, the vision and mission statement of Coca-Cola seems to have reconfirmed and changed in this process of company’s strategic analysis.
Business communication can be defined as the process of sharing information among business professionals, prospective customers, and affiliates who are associated with an organization. The essential skills of business communications are currently in demand and highly required for the workforce for the modern workforce. To be an effective communicator is to have the ability to respond with skill, confidence, and assertiveness and is pertinent to the quality and expertise business professionals considered for employment. Hence, knowing how to communicate properly in an organizational structure requires the skill of communication necessary to interact with different levels of management. In a world
Coca-cola boasts of being the world’s largest beverage company serving approximately one billion customers daily. The most dominant products distributed by Coca-cola are Coke, Fanta, Sprite and Diet Coke. This strategy is aimed at ensuring that every customer gets satisfied whenever they use a Coca-cola brand. Coca-cola has large distributions across the globe making it the largest distributor in the world. The late Roberto Goizueta termed Coca-cola to be an American company with large international business and a sizeable American business (Ferrell, 2008). This has helped a lot with brand selling as it is the most recognized brand in the whole world. “Coca-Cola has the most valuable brand name in the world and, as one of the most visible companies worldwide, has a tremendous opportunity to excel in all dimensions of business performance” (Ferrell, Fraedrich, & Ferrell, 2008). Coca-cola, however, has not been smoothly running over the decades in operation. It has on numerous occasions been criticized for overlooking some ethical standards that it should have rather upheld. This essay aims at looking into some of the issues facing Coca-cola, the most significant of them, how they were resolved and how Coca-cola should have solved them.
The Coca-Cola Company is one of the biggest global leader in the beverage industry. It offers more that hundreds of brands, including fruit juice, soft drinks, and all kinds of beverages. It is best known for its flagship ‘Coca-Cola’. Due to the intense competition in the beverage industry, marketing activity is vital for it to maintain its leading position. Once Coca-Cola stops its consistently advertise, its competitors will be able to take its market share. In 2014, it spends 6.9% of the total revenue on advertising, making Coca-Cola was the top advertiser in its industry (Investopedia, 2015). This essay will examine whether the marketing activities that conducted by the company is ethical or not.
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
Last year, Coca-cola saw its sales decreased in the European market. In order to increase the sales, Coca-Cola needs to define a new strategic communications plan. As mentioned above the image of Coca-Cola has been damaged quite a lot for the past 2 years by different factors. A hard work needed to deal with consequences of this damage in the image of the company.
Coca-Cola is a big recognized brand that produces many products than just soda drinks. With all the money and brand recognition the company possesses, there are possibilities for the company to past the scandals and keep up in the business market, like we have discovered the company has invested money to cover illicit activities. However, it is very important for the company to act ethically and respond to the scandals that the company has been accused. If Coca-Cola responds morally correct, it will shows the customers that the company cares about social responsibility, but if the company does not act fast and ethically, it exists the possibilities that the company’s sales keep declining.