Coca-Cola never mention the purposes behind change, Pepsi Challenge and alternate tests done by their innovate work office that demonstrated that the taste of the Coke was the main reason why Coca-Cola was losing to Pepsi in the market share. During the visually impaired taste test, individuals took a taste of the New Coke and favor it for the sweeter taste but in the real world they would buy a can of Coca-Cola and would preferred the less sweet taste of the first Coca-Cola. On top of these, Pepsi even put up advertisements in New York Times and other publications fabricating that Pepsi had won the Cola War and have won because the oversight made by Coca-Cola. Coca-Cola did not react to it because there were pressurized by the results of the New Coke at the point of time. After 87 days of havoc, Coca-Cola regains its popularity and won the battle of Pepsi and became the number one
That is why The Coca-Cola Company came up with the diet coke as a new idea. The consumers react positively on this new idea and it became one of the biggest brands of the company. Another example is when they tried to refine the Coca Cola recipe with “New Coke”. They want to refine the process because of the competition with Pepsi. However the consumers reaction was negatively so they went back to the original recipe after the idea was selected out in the selection phase.
The main objective of this study lies in understanding the organization and studying and understanding the advertising effectiveness of Coca-Cola product .The methodology used in studying and understanding the perceived views of consumers towards the product was ‘SAMPLING’. The findings of the activity have been drawn out in form of graphs and suggestions have been offered there from the Coca-Cola Company is the world 's largest beverage company, largest manufacturer, distributor and marketer of non-alcoholic beverage concentrates and syrups in the world and is one of the largest corporations in the United States. The company is best known for its flagship product Coca-Cola, invented by pharmacist John Smith Pemberton in 1886. The Coca-Cola formula and brand was bought in 1889 by Asa Candler who incorporated The Coca-Cola Company in 1892. Besides its namesake Coca-Cola beverage, Coca-Cola currently offers nearly 400 brands in over 200 countries or territories and serves 1.6 billion servings each day.
Recommendations • Since there are older people and Pepsi has been traditionally a young people’s drink, Pepsi will have to stimulate consumption by older members of society • Pepsi uses Plastic bottles and cans which can be harmful for society. So Pepsi should be produced more in recyclable bottle • Need to improve PR activities in urban areas • In our country, with brand name people prefer Pepsi 23% but without brand name it is 51%. So need to improve its brand value. • Should increase promotion strategy to introduce new product line like Pepsi next, Pepsi zero etc.
Pepsi vs Coca-Cola: Two Competing Organizations Onamade Bolaji University Of Texas of the Permian Basin Pepsi vs Coca-Cola: Two Competing Organizations Coca-Cola and PepsiCo are the age-old competitors in the market for almost a hundred years. These companies provide comparable products, so an incredible amount of efforts and marketing techniques was used to increase the number of fans of both drinks. The foundation of these brands started with setting of a goal to invent a medicine. Initially, it was Coca-Cola. Twelve years later, the apothecary from New Bern, Caleb Bradham, has created a tonic that was called Brad’s Drink, which eventually turned into Pepsi (NC DNCR, 2016).
Coca-Cola controlled the market structure and maintained its competitive advantage over its competitors. The company therefore managed to have a large share in the soft drinks market that was characterized with few and weak competitors. However, the introduction of Pepsi was worrying. Coca-Cola enjoyed the advantages of a monopoly until the resurgence of Pepsi. Pepsi proved to be a potential competitor.
HISTORY & BACKGROUND OF COCA COLA The Coca Cola company is known as one of the world’s largest carbonated soft drinks company that began before World War II. It is an American-based company found in 1886 by an Atlanta pharmacist. Dr. John S. Pemberton created the formula of French Wine Coca, which is known as Coca Cola now and introduced the carbonated soft drink as a patent medicine at first. The beverage became more noticeable when Frank M. Robison, Dr. Pemberton’s partner changed the product name and created the famous script logo, which he believed that will attract customer in advertising.The marketing phenomenon grew even bigger when the small company was bought over by Asa Griggs Candler prior of the founder’s death in 1888. Candler 's decision was what made the Coca Cola Company so successful today due to his interest and aggressiveness in marketing this product.
Does business growth and success always acquaint to community growth and success? Bartow J. Elmore explores this question in his book, Citizen Coke: The Making of Coka-Cola Capitalism. Elmore looks at the price that the environment and the public has paid to allow Coke to rise into the power it is in today. With operations in “over two hundred countries and selling more than 1.8 billion beverage servings per day”(7), you simply cannot deny the influence and power that Coke has. Coke is a widely successful business, but their growth has come at a cost.
The bottomline is that Pepsi cannot exist without the proper promotions. This is because Pepsi belongs in the FMCG market, and in FMCG, you either perform or perish. The FMCG market is one of the toughest market for businesses. However, Pepsi is not only surviving, but it is thriving in the FMCG market. Thus, hoping that Pepsi keeps reinventing its marketing mix so that it remains in the top 2 category of soft
MARKETING MIX The marketing mix is a standard strategic tool used to formulate a plan for product development and promotions. Examining the mix for a successful company like Coca-Cola can help a business leader understand the dynamics and synergy involved between the four core elements -- product, place, price and promotion. Product • Energy drinks • Soft drinks • Juice drinks • Sports drinks • Tea and coffee • Water Product overview of coca cola Coca cola made its return to india in 1993 and made significant investments to ensure that the beverage is available to more and more people, even in the remote and inaccessible parts of the nation. Originally introduced ij 1977, thums up was acquired by the coca cola company in 1993. This