Coca-Cola Company applies to an undifferentiated targeting strategy to promote a single product of identical size. This approach allows the firm to consider a potential buyer as the one who has similar needs and preferences like any other consumer at the market. Hence‚ there is no a particular market segment because market is regarded as the whole. Producing one item saves costs for advertising and marketing (Lamb et al.‚ 2011‚ p. 275). However‚ focusing on undifferentiated marketing prevents
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RUNNING head: THE COCA-COLA MARKETING MIX The Coca-Cola Marketing Mix 1 2 THE COCA-COLA MARKETING MIX Abstract The marketing mix is known as the 4 P’s or the product‚ price‚ place and promotion of Marketing. It is a marketing strategy that company’s use to estimate the value and determine the methods of advertising and distributing its products. Coca-Cola has been long admired for its approach to marketing. Over its 127 year history‚ Coca-Cola’s efforts to refine and perfect its
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the key success factors for Coca Cola? Answer: The key success factors for Coca Cola have been marketing strategy‚ introducing new products and globalization. Marketing strategy: Coca cola uses different types of marketing strategy for growing and retaining its customer. In early days‚ to build brand recognition‚ they offer clocks‚ calendars and weighing scales with Coca Cola logo to pharmacists who sold their drink. During mass market TV advertising‚ Coca Cola was the pioneers TV advertising
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Coca Cola Case Study #3 1. What seems to be Muhtar Kent’s attitude toward Coca Cola’s local communities‚ its brands and its people? Muhtar Kent’s attitude towards Coca Cola’s local communities‚ its brands‚ and its people is ambitious‚ constructive and progressive. He takes pride in the company and the brand Coca-Cola. His attitude and desire for growth of the company reflects in the performance of his employees in a Pygmalion effect. Kent demonstrates a manager who creates win-win situations
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selected challenge analysis The product that has given the world its best-known taste was born in Atlanta‚ Georgia‚ on May 8‚ 1886. Dr. John Stith Pemberton‚ a local pharmacist‚ produced the syrup forCoca-Cola®‚ and carried a jug of the new product down the street to Jacobs ’ Pharmacy‚ where it was sampled‚ pronounced "excellent" and placed on sale for five cents a glass as a soda fountain drink. Carbonated water was Dr. John Pembertonteamed with the new syrup to produce a drink that was at once "Delicious
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ETHICS AND GOVERNANCE The Coca-Cola Company TABLE OF CONTENTS Pages 1. Executive Summary 3 2. Main Issues 4 3. Ethics Policy and its Development 5 3.1. Proposed Ethics Policy 5 3.2. Rationale of Ethics Policy 6 3.3. Policy Development 6 3.3.1. Virtue Ethic 7 3.3.2. Utilitarianism Ethic 7 3.3.3. Kantianism Ethic
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COLA-WARS Main Issue: Factors causing the decline in CSDs and Cola Sales: ------------------------------------------------- Carbonated Soft Drinks (CSDs)‚ the foundation of Coca-Cola’s brand is declining‚ although it still holds the highest market share in comparison to non-CSD beverages. Coca-Cola is at risk of eventually producing a negative return from its CSDs and to be outperformed by non-CSDs‚ non-carb beverages and bottled water within its own product line‚ and with its competitors if
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Using Coca Cola to Explain Ansoff’s Matrix Ansoff’s Matrix is a useful tool for examining a company’s product range. The four main options are: 1. Market penetration 2. Product development 3. Market development 4. Diversification Information about some of the products produced by Coca Cola is given below. Read this information and complete the tasks over the page: 1. Diet Coke m penetration
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Coca Cola India Basic facts about the company: ▪ Returned to India in 1993 after 16 years. ▪ During the past decade Coke has invested more than $ 1 billion in India. ▪ The Coca-Cola system in India comprises 27 wholly owned company-owned bottling operations and another 17 franchisee-owned bottling operations. ▪ Entered India by taking over Parle’s brands. ▪ Coke’s main brands include: o Coca Cola‚ Sprite‚ Fanta‚ Thums Up‚ Maaza‚ Kinley water ▪ Other brands:
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Module 2 The Coca-Cola Company Struggles with Ethical Crisis 1. What role does corporate reputation play within organizational performance and social responsibility? Develop a list of factors or characteristics that different stakeholders may use in assessing corporate reputation. Are these factors consistent across stakeholders? Why or why not? Having a good reputation is the most important factor for any business. A corporation can spend many decades building a good reputation with the
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