02/23/10 - Marketing Myopia The marketing concept is the philosophy that firms should analyze the needs of their customers and then make decisions to satisfy those needs‚ better than the competition. Today most firms have adopted the marketing concept‚ but this has not always been the case. In 1776 in The Wealth of Nations‚ Adam Smith wrote that the needs of producers should be considered only with regard to meeting the needs of consumers. While this philosophy is consistent with the marketing concept
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strategies etc. company needs to implement individual strategies to cope with each type of change. Coca Cola Corporation is among one of the oldest corporations of the world. It has gone through many internal and external changes since it has been in existence. The company has used techniques of change management in order to survive from the consequences of those events. Coca Cola is a type of company that requires making changes in its products and business strategies according to the
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| | | | OPERATIONAL PRACTICES AT COCA COLA MULTAN BEVERAGES CO. DATED 13TH APRIL 2011 TABLE OF CONTENTS EXECUTIVE SUMMARY 1 INTRODUCTION OF COCA-COLA 2 INTRODUCTION OF MULTAN BEVERAGES LIMITED 3 OVERVIEW OF COCA COLA 5 OVERVIEW OF CARBONATED DRINK INDUSTRY IN PAKISTAN 8 COCA COLA IN PAKISTAN 9 OPERATIONS MANAGEMENT BY THE COCA COLA COMPANY 10 1. LOCATION SELECTION 10 2. PRODUCTION PROCESS 11 3. FACILITY LAYOUT 15 4. CAPACITY 15 5. QUALITY MANAGEMENT
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Coca-Cola has strived and accomplished sustainability as being one the most successful leaders of the beverage industry today. Created centuries ago in 1886 by Atlanta pharmacist John Pemberton‚ Coca-Cola was sampled by customers who all agreed that this drink was something special (heritage.coca-cola.com). According to the coca-cola company.com‚ Coca-Cola has over 500 beverage brands-including four of the world’s top-five sparkling brands. However‚ because of various factors‚ Coca-Cola searched
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OF “MARKETING MYOPIA” Critique of “Marketing Myopia”Written in 1960‚ the paper “Marketing Myopia” was written by Theodore Levitt‚ a professor of marketingat Harvard Business School. It has been republished a number of times since then. The publication thatthis critique is based on is from the Best of HBR series‚ in the July-August edition of the Harvard BusinessReview (pages 138-149).In Levitt’s article‚ he explores and details issues he saw with big business’ short-sightedness (i.e.“myopia”) and
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By looking at the growth and decline of industries‚ issues are not with the management as suggested by Levitt. The industry itself has a lifecycle of its own. The industry has followers‚ innovators and pioneers. The industry will initially grow slowly and then will show a sudden growth followed by a steady state and then a decline. Growth does not only signify in one direction‚ it can be a lateral growth with diversification as well. I would like to critique the thoughts used for defining growth
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TABLE OF CONTENTS Executive Summary 1. Company Background 1. Coca Cola Amatil Brief Activities in Australia 2. Company’s brief financials 3. Company’s Strategy & Growth Drivers 2. Company’s Key Accounting Policies 1. Foreign currency translations (AASB 1012) 2. Inventories (AASB 1019) 3. Revenue (AASB 1004) 4. Changes in Accounting Policies (AASB 1001) 3. Flexibility in the Selection of Company’s Key Accounting Policies 4. Accounting strategy 5. Quality of Disclosures
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Why has Coca-Cola been so successful in the past? The DuPont system of analysis is based on three components: (net income/sales) x (sales/assets) x (assets/equity). These components can be separately categorized into operating efficiency‚ asset use efficiency‚ and financial leverage. When they are put together‚ the resulting ROE is a strong measure of how well management creates value for shareholders. Coca-Cola (CC)‚ under both Woodruff and Goizueta‚ undertook management decisions that would
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Coca-Cola marketing channel strategy study in China Chapter Coca-Cola Company’s development in China Section the basic situation of Coca-Cola Company 1. Coca-Cola and the company’s produce Coca-Cola‚ the world’s one hundred years the popularity of the wonderful liquid is from the United States in 1886 in Atlanta‚ Georgia pharmacist John Dr. Peng Bodun (John S. Pemberton) in the backyard at home‚ will Carbonated water and sugar and other ingredients mixed in a triangle
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Coca-Cola and Integrated Marketing Communications Coca-Cola and Integrated Marketing Communications In 1893 the Coca-Cola logo became a registered trademark. This marked what would become most recognizable brand around the world. If you have a television‚ radio‚ or get out now and then it is almost impossible to not be exposed to some form of marketing campaign or advertising of Coca-Cola products. Coca-Cola is a thriving global corporation that is firmly embedded in 206 countries and is
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