Despite facing competition from Pepsi, the company has been able to maintain its significant success and market domination. Moreover, the organization follows the generic differentiation strategy by spending substantial amounts of money for marketing and advertising campaigns in order to differentiate itself and generate a distinctive image for its various products. According to Bailey (2014), advertising and marketing campaigns have substantially increased the organization’s brand supremacy throughout the years. For instance, in the 2013 fiscal year, Coca-Cola Company spend almost $4 billion, equivalent to 7 percent of its 2013 revenues generated on advertisements. In particular, the recipe for manufacturing Coca-Cola has been kept a secret and the company is able to advertise that its drink is inimitable and cannot be copied by industry rivals. Up until now, no individual is able to pinpoint the manner in which Coca-Cola is manufactured. This ensures that the product continues to be perceived as being unique in the market as compared to other products such as energy drinks and juices. Moreover, the Coca-Cola Company has an emblematic red marker with white calligraphy that can be recognized anyplace in the world. Moreover, the organization can be perceived to follow the differentiation strategy by positioning its brand in numerous dissimilar merchandise ranging from vehicles, clothing, and also in sponsorships of events such as the Olympics and the World Cup. These sponsoring activities have ensured that the company has continued to be distinctive in the market as compared to other companies in the market with consumers being aware of the brand.
Lastly, there were also the issues that had long since followed the brand that Martin, reports on his article that deal with consumer concerns regarding past business practices, tainted soda cans and prejudice against Coke employees. If I were the CEO of Coke, there are quite a few things that I would change within the structure of the company, branding and techniques. The first thing that I would do is
(Olsen) One of Coca-Cola India's community projects was the "Elixir of Life Project," which brought clean water into 100 schools benefiting more than 30,000 children, and earned Coca-Cola India 2008's Golden Peacock Award. (Muruganantham). Biblical Integration One of the major themes of the Bible, and perhaps the reason for it's existence, is the concept of communal responsibility. People must be responsible to the community in which they exist, otherwise conflict, destruction,
4. Decision and Defense against Weaknesses The Coca-Cola brand is already a strong one, but the company's involvement in unethical behaviors has negatively affected it. In order to decide upon the most favourable courses of action to be implemented in the direction of brand strengthening, one has to critically analyze the proposed strategies: restatement of the company's traditional brand values will offer an increased perception of the brand, but is likely to
Typically, buyers have the ability to switch their tastes from one soft drink brand to the other. Barrier to Entry: It is very difficult to enter the industry due to several factors: First, a new firm will need to implement economic of scale to enjoy cost reduction and compete favourably within the industry. To establish economic of scale, a new firm will require huge capital investment ranging from several millions of
Coca-Cola Company Company Analysis: Coca-Cola Company The Coca-Cola Company began humbly in 1886 when Atlanta pharmacist, John Pemberton, mixed up a caramel colored liquid and carried it a few doors down to have it mixed with carbonated water. Here, a few customers sampled it and they agreed that it was something special so the pharmacist began selling it for 5¢ a glass, with sales of approximately nine classes per day
Coca-Cola Company. Specifically it will discuss and analyze the case study, including relevant facts and recommendations regarding the study. Coca-Cola is one of the most well-known and famous brands in the world, and it has been in existence since the late 1800s. This case study indicated that it faced several ethical issues in the last decade that eroded its credibility and created strife inside and outside the company. Facts The facts