The Coca-Cola Company is an American multinational beverage corporation and manufacturer, retailer and marketer of non-alcoholic beverage concentrates and syrups and one of the most highly recognized soft drink brands in the world.(1) The company is best known for its flagship product Coca-Cola, invented in 1886 by pharmacist John S. Pemberton in Columbus, Georgia. (2) The Coca-Cola formula and brand was bought in 1889 by Asa Candler (co-founder of Coca-Cola) who incorporated The Coca-Cola Company in 1892. (3) Coca-Cola currently offers more than 500 brands in over 200 countries or territories and serves over 1.7 billion servings each day. The company operates a franchised distribution system dating from 1889 where The Coca-Cola Company only produces syrup concentrate which is then sold to various bottlers throughout the world who hold an exclusive territory. The Coca-Cola Company owns its anchor bottler in North America, Coca-Cola Refreshments. The Coca-Cola Company is headquartered in Atlanta, Georgia, United States.
Its stock is listed on the NYSE (New York Stock Exchange) and is part of DJIA (Dow Jones Industrial Average: a stock market index), S&P 500 Index (a free-float capitalization-weighted index), the Russell 1000 Index (a stock market index) and the Russell 1000 Growth Stock Index. Its current chairman and chief executive is Muhtar Kent (a Turkish-American business executive).
•Company’s Vision, Mission and Goals
Company’s mission in their own words: (5)
“Our Roadmap starts with our mission, which is enduring. It declares our purpose as a company and serves as the standard against which we weigh our actions and decisions. To refresh the world...
To inspire moments of optimism and happiness.
To create value and make a difference.”
In their own words: (6)
“Our vision serves as the framework for our Roadmap and guides every aspect of our business by describing what we need to accomplish in order to continue achieving sustainable, quality growth. People: Be a great place to work where people are inspired to be the best they can be. Portfolio: Bring to the world a portfolio of quality beverage brands that anticipate and satisfy people's desires and needs. Partners: Nurture a winning network of customers and suppliers, together we create mutual, enduring value. Planet: Be a responsible citizen that makes a difference by helping build and support sustainable communities. Profit: Maximize long-term return to shareowners while being mindful of our overall responsibilities. Productivity: Be a highly effective, lean and fast-moving organization.” Goals
Company set followings goals to be achieved:
Water stewardship: To be responsible stewards of the water we use, we are becoming more efficient in our water use by reducing the amount we use per liter of product. Energy efficiency and climate production: Careful use of energy resources to help in improving our climate by following steps Investing in clean energy
Cutting carbon emission
Increasing energy efficiency
Cutting emission and energy use in developing countries
Sustainable packaging: Improve packaging material efficiency for the betterment of environment. Healthy communities: Our goal is to give back at least 1 percent of our operating income annually to improve the living standards of people around the world. (7)
Millennium Development Goals:
Along with its own internal goals it is also participating in The Millennium Development Goals (MDG: are eight goals to be achieved by 2015 that respond to the world's main development challenges). (8) These are:
Goal 1: Eradicate extreme poverty and hunger
Goal 2: Achieve universal primary education
Goal 3: Promote gender equality and empower women
Goal 4: Reduce child mortality
Goal 5: Improve maternal health
Goal 6: Combat HIV/AIDS, malaria and other diseases
Goal 7: Ensure environmental sustainability
Goal 8: Develop a...