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The Major Strategic Shift Of Coca-Cola

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The stiff competition that exists in the industries requires that different strategies are taken that are aimed at increasing the profitability of the business. Coca-Cola Company has been on the rise beating competition from most of its rivals. The company uses marketing strategies to be able to attract more customers and be able to overcome the stiff competition. With the right marketing strategies, a company can increase its profits and hence increase its growth especially for a multinational corporation such as Coca-Cola. Therefore, each time a particular strategy does not bring the best results, a strategic shift is always important to be able to ensure that the company performance is not affected.
Major Strategic Shift in Coca-Cola …show more content…

A strategic shift can be said to be a change in the business or the marketing plan that an organization carries out in order to achieve the particular objectives. The mission of the company is to refresh the world while inspiring moments of happiness and optimism to make a difference and create value (Baah & Bohaker, 2015). To be able to refresh the world, the company is required to be active in the production of high-quality beverages that meet the customer needs. Production alone, however, does not guarantee that the corporation will be able to provide refreshment in the entire world. It is required that the company adopts some strategies that will be of help in achieving this objective. One of these strategies is, for example, adopting a marketing strategy that can identify the beverage with the needs of people. By adopting the “Taste the Feeling” slogan, the customers can link the advertisements with the Coca-Cola drink and as such enable the company to be able to reach one of their visions of maximizing profits.
Impact on HR strategy
Human resource strategy can be defined as the completion of the business responsibilities in regards to the goals, mission and future endeavors of the company. The Coca-Cola Company has its future endeavors and achievements set at becoming a leader in the beverage industry with the fulfillment of the customer needs. Adopting the strategy of one brand

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