INTODUCTION
Coca Cola Company is one of the largest companies in the world and the most recognized kind of non-alcoholic beverages. From the first appearance became much loved by consumers who support it thermal till today. It 's a business that makes great sales annually than it seems that has not face any problem in this section. Of course, the reason why it is so successful and efficient, is simply the good Management and whatever is included in it. There is talk of a very well organized company with a strong workforce, i.e. the two main elements of a profitable company. In addition, part of marketing is undoubtedly the key to success. The promotion of products and impressive advertising piqued the interest of consumer and motivate the
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Environmental factors:
The management of energy, water and climate protection is the focus of coca cola. The company has already begun to do some basic progress since 2007 USED 300 billion water for drink production. Also, according to investigations, it makes the best-selling fructose corn syrup, sugar, coffee, citrus and consumers consume the largest proportion in bottles. Nevertheless, the company has a number of objectives on this issue. Initially what wants is to establish a unit for the recycling of water for returning clean to the environment and to reduce the consumption of water during the course of production.
Legal factors:
Policy changes and laws have a direct impact on a business. More often these factors bring problems however may arise various opportunities. The Coca-Cola Company has faced several times problems with the law, for example in 1970 it was negative to extend the company in India. Furthermore the European Union countries ban the product because of poisoning children. In 2003 a nongovernmental organization in India spoke of detrimental components of cola which cause health problems such as cancer and this is the reason why in Kerala the product withdrawn from the market.
SWOT analysis:
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of course, the Ansoff Matrix is used in a company such as coca cola. One of the most famous and trading company in the world, which operates in most of the planet.
Then some proposals are going to be analized for the development of business that may be quite profitable.
An extremely clever idea could be to create snacks. Coca Cola is a company engaged in the single space of non-alcoholic beverages, but this limits it enough in this era where the market has become highly competitive. Also, the production of nutritious drinks could increase the incomes as the healthy lifestyle is very popular these days. Nevertheless, these proposals belong to product development strategy of Ansoff matrix analysis and it would be better to be described thoroughly.
Product development is related with new products in an existing market. Its main focus is to launch new products which will attract more and more consumers and will make the corporation more competitive. A good idea is the healthy snacks and drinks as was mentioned before. In this way coca cola will gain another kind of consumers, i.e., consumers that are addicted to healthy life and also, more
A nation’s culture is affected by several factors, whether it be the language they speak or the clothes they wear. Culture is important to a nation because it gives them identity and something to base their lives off from. In the United States, one business has helped to define their culture, the Coca-Cola Company. Coca-Cola was invented in 1886 by John S. Pemberton in his backyard. He sold his drink to Jacobs Pharmacy in Atlanta, Georgia.
The social costs of producing a can of coke in terms of resources, pollution, etc. are extensive. The amount of water that is needed to create a single liter of Coca-Cola is vastly different. For every nine liters of fresh water, only one liter of Coca-Cola is created. The pollution created by the Coke plants is also costly. Pollution arises due to impurities sin the air and water from shipments and factories themselves.
It seems to make an effort in portraying the product as something that should be shared with family and friends because of its consistent and great taste expected to bring joy to whoever drinks it. However many tests throughout the years have suggested how unhealthy he soft drink is for people, with the massive amounts of chemicals and sugar. Shockingly Coke has even been used as a cleaning product for homes and cars. The question here is whether the public should actually be sharing this product with their families and friends for fear of what it is doing to their health. Although the brand prides itself on having an unchanged logo and product it will have to concentrate more on the other products that have been released by the brand such as DietCoke and CokeZero.
When there is a large number of sellers and a large number of buyers in a market, that market is regarded as a perfectly competitive market or industry. In a perfectly competitive market, a single firm cannot dictate the pace and the selling price (Khan Academy, n.d.). In other words, one firm cannot set the prices and the competitors are obligated to market prices. What is fascinating about a perfectly competitive industry is that the barriers that prevent new firms from entering the industry are flexible; that means there are minor barriers of entry as well as little or no barriers to exit the industry (Rittenberg & Tregarthen, 2009). Additionally, buyers and sellers have all the necessary information to make a decision to buy or sell a product.
MACRO ENVIORNMENT: Macro environmental factors are those irrepressible external factors that affect the company’s decision making process. These factors include demographic, socio-cultural, economic, political-legal and also the natural factors. Demographic factors – Demographic factors include age, sex, religion, location, thickness, occupation etc. Apple Company has 217 stores in United Stated and about 273 stores worldwide.
Geographic segmentation calls for dividing the market into different geographical units such as regions, cities, or neighborhood. Coca-Cola has a countrywide network of product distribution but the company segments more in urban and suburban areas as compared to rural areas. 1.2. Demographic segmentation In demographic segmentation, the market is divided into groups on the basis of variables such as age, family life cycle, gender, income, occupation, education, religion, race, generation, nationality, and social class. Demographic variables are the most popular base of Coca-Cola Company for distinguishing their customer groups.
Because of these new technologies, Coca-Cola 's production volume has increased sharply compared to that of a few years ago. 2.2.3 Key Strategic Objectives and Challenges • Acquisition targets in developed markets: Coca-Cola already has strong penetration in major soft drinks markets, which typically offers limited acquisition opportunities due to market consolidation. Much of the future volume growth is likely to come from secondary markets such as Vietnam and Indonesia. Coca-cola may be better advised to set its sights on larger acquisition targets in untapped regions such as the Middle East and Africa and some secondary markets. • Diet Products
Coca-Cola strives to utilize every strategy available to become successful whenever it launches its business in overseas markets. Pepsi seemed to have discovered Coca-Cola’s disadvantages and it was using them to check Coke’s dominance. The new market structure brought about cut throat competition between the two cola giants. However, the competition ate into a large chunk of the two companies’
Tasting Success Article Page 95 Discussion Questions Question 1 Which decisions in this story could be considered unstructured problems? And structured problems? Structured problem Can be defined as a straightforward, familiar and easily defined issue, and it is easily solved by the eight step-by-step process Identify a Problem, Identify Decision Criteria, Allocate Weights to the Criteria, Develop Alternatives, Analyze Alternatives, Select an Alternative, Implement the Alternative and Evaluating Decision Effectiveness. The issue as described in the article is the orange juice production and it is considered as a structured problem, and the way it is produced, its mechanism is responsible for the production as it is based on Coca-Cola’s mixture
This aims at developing a deeper consumer desire for the brand, thus giving people more reason to purchase Coke- Cola products instead of competing brands. This is the essence of differentiation. Coca-Cola having an 'action orientation', instead of waiting for change to happen it is at the leading edge, driving action forward. This product differentiation strategy has created global value, brand loyalty, non-price competitor as well as no perceived
PORTER’S ANALYSIS New Entrants: In general, there are few barriers to entry in the smoothie industry, which would make this force very strong. • Economies of Scale: There are no considerable decreases in average costs as output increases. Smoothies are generally high margin products, which means that new companies could be profitable without having to sell too many products. • Capital Requirements: In the smoothie industry, there are few fixed assets that would need to be purchased in order to operate.
Coca cola uses many different techniques to differentiate their brand and product from others. This is done by the colors, shapes, styles and the font of their logo. The font of the coca cola logo is one of the most recognizable brands around the world being recognized by 96% of the world’s population. The company has invested a lot of time and money in research and development to ensure the most effective life cycle impact of its
EXECUTIVE SUMMARY Coca-Cola, the product that has given the world its best-known taste was born in Atlanta, Georgia, on May 8, 1886. Coca-Cola Company is the world’s leading manufacturer, marketer and distributor of non-alcoholic beverage concentrates and syrups, used to produce nearly 400 beverage brands. It sells beverage concentrates and syrups to bottling and canning operators, distributors, fountain retailers and fountain wholesalers.
• Many successful brands to pursue. • Advertise its less popular products. • Buy out competition. • More Brand recognition Advantages of coca –cola Market Leadership: Coca-Cola FEMSA is one of the biggest franchise bottler of Coca-Cola trademark beverages in the world, with operations in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Venezuela, Argentina, Brazil and the Philippines. Business partnerships: Coca-Cola FEMSA is cooperating with The Coca-Cola Company to grow more propelled joint plans of action to keep investigating and taking part in new lines of refreshments, expanding existing product offerings and successfully publicizing and advertising our items.
Introduction At the start of this course, I had no idea what to expect. This is due to the fact that marketing is a field that offers a combination of so many different disciplines such as art, psychology, and statistics. I encounter marketing on a daily basis but have strangely enough not reflected too much about it. Nevertheless, it is a very interesting subject, which deals with promoting and selling services and products.