FOUNDATION SOLUTION CORRECT

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Fleming College *

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MISC

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Marketing

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Apr 3, 2024

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docx

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5

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1 Running Header: Case Study on Coca-Cola (Business Research Project) Case Study on Coca-Cola (Business Research Project) MGMT311: Foundation Course
2 Case Study on Coca-Cola (Business Research Project) Introduction Coca-Cola stands as a prominent global beverage conglomerate, offering over 200 brands and products distributed across 200 countries and territories. The corporation's mission revolves around revitalizing the world and generating positive change, while their aim focuses on delivering top-notch beverages that cater to individuals' desires and needs. Additional objectives include cultivating a network of partners, acting as a conscientious member of society, maximizing long-term profitability, and operating as a highly efficient entity. Leadership, collaboration, integrity, accountability, passion, diversity, and excellence lie at the core of the company's values. The Coca-Cola Company. (n.d.). About us Market Analysis: Coca-Cola is a leading beverage company that produces more than 500 different brands, including Coca-Cola Classic and Sprite. In 2020, Coca-Cola had a net revenue of $33 billion with an operating cash flow of $8.9 billion, total assets of $87.296 billion, and a market capitalization value of $232.623 billion as of September 2021. Coca-Cola faces intense competition from both direct and indirect competitors. Direct competitors include soft drink producers, such as PepsiCo and Dr. Pepper Snapple Group Inc. Indirect competitors include beer and wine companies. Coca-Cola's competitive positioning strategy includes offering an extensive product line, providing superior customer service, and expanding its advertising efforts. Coca- Cola dedicates a significant portion of its net revenue to advertising, contributing to its high market share. Its marketing campaigns created an emotional connection with customers for a
3 Case Study on Coca-Cola (Business Research Project) long time. Essentially focusing on brand over product, Coca-Cola shows customers that its products contribute to their happiness. John H. (n.d.). Coca-Cola Competitors Analysis Consumer Behavior Various factors, such as taste, quality, price, packaging, advertising, social media, word-of- mouth, and environmental and social responsibility influence consumer perceptions of Coca- Cola products. According to a survey by Statista, Coca-Cola is the world's most popular soft drink brand, with a global brand value of $98 billion in 2020. Statista. (2023, Aug 31). The brand is also ranked as the fifth most valuable brand in the world by Forbes, with a brand value of $64.4 billion in 2020. Forbes. (2020, December 11) Coca-Cola has a loyal customer base that associates the brand with positive emotions, such as happiness, optimism, and refreshment. Sustainability Initiatives However, Coca-Cola also faces challenges and criticisms from consumers, such as the adverse health effects of sugar consumption, the environmental impact of plastic packaging, and the human rights issues in some of its sourcing regions. War on Want. (n.d.). Coca-Cola: Drinking the world dry. To address these concerns, Coca-Cola has adopted various sustainability initiatives, such as reducing sugar and calories in its products, offering more choices and information to consumers, investing in research and innovation, and aiming to collect and recycle a bottle or can for everyone sold, making 100% of its packaging recyclable, reducing its
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