Preview

Cocacola Strategic Management

Good Essays
Open Document
Open Document
6218 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Cocacola Strategic Management
INTRODUCTION

A global perspective is a matter of survival for businesses. Strategic management is the process of specifying an organization's objectives, developing policies and plans to achieve these objectives, and allocating resources so as to implement the plans. The Coca-Cola Company (Coca-Cola) is a leading manufacturer, distributor and marketer of Non-alcoholic beverage concentrates and syrups, in the world. The company owns or licenses more than 400 brands, including diet and light beverages, waters, juice and juice drinks, teas, coffees, and energy and sports drinks. The company operates in more than 200 countries. Coca-Cola Enterprises is the world's largest marketer, producer and distributor of Coca-Cola products. It operates in 46 U.S. states and Canada, and is the exclusive Coca-Cola bottler for all of Belgium, continental France, Great Britain, Luxembourg, Monaco and the Netherlands. Coca-Cola is the non alcoholic bottled beverages. Definition of Strategic Management

Strategic management is the process of specifying an organization's objectives, developing policies and plans to achieve these objectives, and allocating resources so as to implement the plans. It is the highest level of managerial activity, usually performed by the company's Chief Executive Officer (CEO) and executive team. It provides overall direction to the whole enterprise.

International strategic management is a comprehensive and ongoing management planning process aimed at formulating and implementing strategies that enable a firm to complete effectively internationally. The process of developing a particular international strategy is often referred to as strategic planning. Strategic Management is the study of function and responsibilities of senior management.

Five Essential Parts of Strategic Management

Goal-setting
Goal-setting enables a firm to articulate its vision: identify what needs to be accomplished, define short-and long-term objectives, and

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Bus 475 Wk 2 Quiz

    • 320 Words
    • 2 Pages

    Strategic management is the process by which the management team determines a firm’s goals. It is achieved by examining internal and external strengths, weaknesses, threats and opportunities.…

    • 320 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Strategic management is the management to reaching goals and objectives within an organization by using valuable resources.…

    • 527 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Skywest

    • 3942 Words
    • 16 Pages

    Strategic management is the successful adaptation of the organization to its environments to gain sustainable competitive advantage. Its distinguishing characteristics include: Total Entity and Future Oriented.…

    • 3942 Words
    • 16 Pages
    Best Essays
  • Powerful Essays

    Business Strategy

    • 4891 Words
    • 20 Pages

    Strategic Management, what is this? It is that set of managerial decisions and actions that determines the long-run performance of a corporation. It includes environmental scanning, strategy formulation and implementation, and evolution and control. The study of Strategic Management helps us to monitoring and evaluating the opportunities and threats of a company’s strengths and weaknesses.…

    • 4891 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    Strategic management is the application of the basic planning process at the highest levels of the company. Top management sets goals for the performance of the company carefully formulating, implementing and evaluating plans and strategies. It involves specifying the organization’s mission, vision and objectives, developing policies and plans, often in terms of projects and programs, which are designed to achieve these objectives, and then allocating resources to implement them (Birnbaum,2000).…

    • 1078 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Finance

    • 3310 Words
    • 14 Pages

    Strategic management deals with the decisions that managers make that decide the direction and success of organizations. These decisions involve the utilization of resources, design of organizational structure, and positioning the organization to create, capture, and sustain competitive advantage. Strategic management requires the ability to steer the whole organization strategically through uncertainty and change. It also requires the coordination of the interrelated functional areas of a business to effectively implement strategies.…

    • 3310 Words
    • 14 Pages
    Powerful Essays
  • Satisfactory Essays

    Mg495 Study Guide

    • 449 Words
    • 2 Pages

    Strategic management is an organisation-wide task involving both the development and implementation of strategy. It demands the ability to steer the organisation as a whole through strategic change under conditions of complexity and uncertainty.…

    • 449 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Strategic Management is the groundwork for a company 's vision and allows a company to be ready to capitalize on opportunities. Strategic management is a process of evaluating a company 's mission, establishing the company 's design, developing the company 's organization and relationships, and guiding the company 's plan to execution to ensure that the management is consistent with the company 's strategy. Strategic management also enhances or protects…

    • 967 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Strategy is a sort of road map or guide to an organization, namely, it defines where the organization is, and how the organization is going to. The help of strategy makes a firm to locate its position effectively and efficiently within short time, meanwhile controlling the changes according to the specific plan. As to strategic management which refers to the management of company’s strategy, it includes strategy formulation and strategy implementation these two aspects. The strategic management is a domain that addresses the main expected initiatives generated by the business owners, including allocating of resources, improving corporate business achievement; and it specifies the mission, vision and objectives for the company, to develop the policies and plans. Strategic management is a proceeding process that assesses and manages the company’ business; evaluates its rivals and establishes goals and strategies to satisfy whole existing and potential rivals; and then reassesses each strategy annually or quarterly to determine how it has been implemented and whether it has succeeded or needs replacement by a new strategy to meet changed circumstances, new technology, new competitors, a new economic environment., or a new social, financial, or political environment.…

    • 373 Words
    • 2 Pages
    Satisfactory Essays
  • Best Essays

    In today’s business environment, business strategy plays a crucial role to the organizations in order to achieve the competitive advantage over the other competitors. Coca Cola Company is one of the business organisations facing a fierce competition in the global market with Pepsi, its major competitor, in addition, the company has to deal with the significant threats such as a health concerns, apparently an increasing trend among society nowadays. This trend has posed a tough task for beverage manufacturers, especially the Coca Cola Company. Yet, this soft drink company still gains profits with a growing number of customers in over 200 countries (Taylor,2000). Over the past few years, a great many strong and innovative strategies has been launched so as to maintain its long term sustainability amongst the fast changing trend. Four important strategies of Coke Company will be analysed in either Western or Chinese markets.…

    • 1519 Words
    • 7 Pages
    Best Essays
  • Satisfactory Essays

    Marketing

    • 544 Words
    • 3 Pages

    “Strategic management involves implementing different strategies and evaluating cross-functional decisions that will enable an organization to achieve its long-term objectives. Strategic management is the process of specifying the organization's mission, vision and objectives, developing policies and plans, often in terms of projects and programs” (Mohochi, 2009, p. 3).…

    • 544 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    This study has focused upon the Management Issues those are followed by the Coca-Cola Company for capturing the global market. Through our report we try to find out the global challenges of International Strategic Management to assess the basic strategies, describe the international strategic management process of Coca-Cola Company. We hope this study will help to whom, who want to know more clearly about strategic management, its issues as well as the key factors which affect the process of Internationalization for a company.…

    • 7614 Words
    • 31 Pages
    Good Essays
  • Powerful Essays

    Coca Cola Business Strategy

    • 2509 Words
    • 11 Pages

    There are many factors, internal as well as external that impact the planning function of management within an organization, and Coca-Cola is no exception. More than a billion times every day, thirsty people around the world reach for Coca-Cola products for refreshment. Coca-Cola is the most popular and biggest-selling soft drink in history, as well as the best-known product in the world. The Coca-Cola franchise covers a population of approximately 398 million people. Coca-Cola Enterprises employs approximately 72,000 people who operate 463 facilities, 54,000 vehicles and approximately 2.4 million vending machines, beverage dispensers and coolers.…

    • 2509 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Cocacola Company

    • 1117 Words
    • 5 Pages

    Kalapos, G. (2006). Fertility goddesses, groundhog bellies & the Coca-Cola Company: The origins of modern holidays. Toronto: Insomniac.…

    • 1117 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Jamaica Broilers Group

    • 8914 Words
    • 36 Pages

    Strategic management refers to the art of planning your business at the highest possible level, and focuses on building a solid underlying structure to your business in order to maintain a competitive edge over your competitors. Strategic management hinges upon answering three key questions; what are the business objectives, what are the best ways to achieve these objectives, and what resources are required to achieve these objectives.…

    • 8914 Words
    • 36 Pages
    Powerful Essays

Related Topics