Coca-cola foundation a non-profit organization was created in 1984. The Coca-Cola Foundation partners with nonprofit organizations worldwide that address community needs and priorities in a meaningful way. The Foundation supports programs that focus on one of the following four categories:
December 02, 2015
Ch. 12-Services and Nonprofit Organization Marketing
Nonprofit organization is an organization that exists to achieve some goal other than the usual business goals of profit, market share, or return on investment
November 27, 2015
Ch. 11- Developing and Managing Products
Many companies attempt to introduce new products to sustain growth and profits.
a company first forms a new product strategy by outlining the characteristics and roles of the future product. Ansoffs matrix is a useful way for understanding a company's product range. this compare developing new products in new markets.
a company first forms a new product strategy by outlining the characteristics and roles of the future product. Ansoffs matrix is a useful way for understanding a company's product range. this compare developing new products in new markets.
COCA-COLA DEVELOPING PRODUCTS STEPS
- Market penetration: Selling more of the same types of the same products to the same type of people.
- Product development: Building existing relationships with consumers and on creative ability to develop new products suited to consumer wants.
- Market Development: Developing an existing product to cater for emerging markets.
- Diversification: Developing new products for new markets.
Coca-Cola Market Development |
November 19, 2015
Ch. 8 - Segmenting and Targeting Markets
A market is a organization or people with needs or wants and the ability and willingness to buy. within in the market is a market segment which is a subgroup of people or organization sharing more than one characteristic that cause them to have similar product needs. within in the market segment is market segmentation which is the process of dividing a market into meaningful, similar, identifiable segments or groups. When Segmenting a market many factors come in play. for example like geographic factors and demographic factors. geographic factors relate to regions country of the world ,market size and climate. demographic factors relate to age, gender, income, ethnic background and family life cycle.
Coca-Cola is sold all over the world so there is no specific Geographic segmentation. One thing is the flavor of Coca-cola differs in different countries. For Demographic Segmentation Coca-cola does not really have a specified target. Coca-cola Is targeted to nearly all ages, gender, income and ethnic background.
Coca-Cola Positions its product as refreshing in thirst quenching. The product has been said to bring joy. the product is linked with having good time with friends and family and enjoying life. its also been marketed as a high quality drink.
Coca-Cola is sold all over the world so there is no specific Geographic segmentation. One thing is the flavor of Coca-cola differs in different countries. For Demographic Segmentation Coca-cola does not really have a specified target. Coca-cola Is targeted to nearly all ages, gender, income and ethnic background.
Coca-Cola Positions its product as refreshing in thirst quenching. The product has been said to bring joy. the product is linked with having good time with friends and family and enjoying life. its also been marketed as a high quality drink.
November 14, 2015
Ch. 15- Marketing Communications
November 02, 2015
Ch. 10 - Product Concepts
Coca-cola is one of the biggest drinks manufacturing company in the world for over 150 years. The company developed many products besides coca-cola. Product Mix is all the products that a company sells. Coca-Cola happens to sell a variety of products ranging from soft drinks, tea, water, energy drinks, and juice. There Are Many products with in the product line. A product line is a group of closely related product items. Coca-Cola offer thousands of drinks across the world
November 01, 2015
Ch. 17 - Personal Selling and Sales Management
Relationship selling is a sales practice that involves building, maintaining, and enhancing interaction with customers in order to develop long-term satisfaction through mutually beneficial partnership. Although Coca-cola does not sell directly to the consumers it does have a method in which the company keeps in touch with consumers.this is called identifying the customer relationships. Coca-Cola uses the knowledge management process. the process is learned information from customers is centralized and shared in order to enhance the relationship between the company and consumer. Coca-cola use social media to directly answer questions or problem concerning the product.
October 25, 2015
Ch. 16 - Advertising, Public Relations and Sales Promotion
Advertising is promoting a product to the public through paid announcements. companies spends lots of money to promote their product or services.There are many types and ways of advertisements. For example advertising appeal happens to be one. Advertising appeal identifies a reason a person should buy a product. The Common forms of appeal is Profit, Health, Fear, Admiration, Convenience, Fun and Pleasure, Vanity and Egotism, and Environmental Consciousness. Part 2 of advertising is is executing the message that is being advertised. execution style consist of slice-of-life, Lifestyle, Spokesperson, fantasy, humorous, mood or image, musical and more. My Company uses many different types of advertising appeal but the most frequently used for appeal is admiration, fun and pleasure. coca-cola commercial catches attention using celebrities to promote their product. the execution style that is mainly used is slice of life, musical, mood or image. coca-cola depicts real life situation in slice of life for example like sitting on the train drinking a coca-cola or walking down the street or even sitting down with a group of friends enjoying a coke. coca-cola commercials in the 1970's used musicians to promote world peace using people of different races and background in the commercial singing a peaceful song. the media types used are television, internet, radio.
October 19, 2015
Ch. 14 - Marketing Channels and Retailing
Marketing channel is a pathway of how products, communication of a product reaches a consumer. This is the process of the product reaching the seller from the manufacturer then to the consumer. The sellers in other words retailers are firms in the channel that sells directly to consumers. A product can take many routes before reaching a consumer, For example, Coca-Cola company uses direct channel and retail channel to connect with consumers. Direct channel is when a consumer can buy the product directly from the producer whereas, Retail channel the consumer will have to buy the product from the retailer store. Coca-Cola's many retailers would be grocery stores, supermarkets, restaurants, stadiums, fast food restaurants. These are places where the product goes to before directly reaching the consumer. The retail store named get deliveries from coca-cola almost everyday. This Eases the process
October 12, 2015
October 04, 2015
CH. 5- DEVELOPING A GLOBAL VISION
When developing a global vision, a company is acknowledge
the opportunities int the global market. a company must be aware of the threats that is faced from foreign competitors. Coca-Cola Company happens to be using a global target marketing which target markets internationally. Coca-cola is sold in over 200 countries in the world whether its manufactured there or not. Cuba And North Korea however happens to not import or export coca-cola due to the US Trade Embargo which prohibits change between the two countries.
Coca-cola in Burma, Pre Embargo |
Places Where Coca-Cola is sold |
September 23, 2015
Ch. 4 - The Marketing Environment
Many Companies are creating departments and product lines to target multicultural segment effectively. Coca-cola demands are from all different market type, ranging from hispanics, asian , and african-americans. coca-cola company is marketed in many countries that these ethnic groups resides. Coca-cola have companies that are located in China, Africa, Mexico and more. this makes it easier for the company when immigrants come to america and see a familiar brand that is usually bought back in their hometown.
Coca-cola in Africa |
Coca-cola in japan |
September 20, 2015
Ch. 18- Social Media and Marketing
businesses experiment onto social media to see a
potential investment. The hope is that new customers. One of the most powerful
ways to use social media is as a brand-building tool. There is nothing like
social media when it comes to building a customer base. A few of the many
trending social media right now is Facebook, google+, Twitter, Bing, Spotify,
Tumblr. These websites creates many ways for company to grow and see what is
going on in the marketplace at the time and also interaction with potential customers
and current customers. When your followers become part of your company, you
gain instant access to them. That means you can find out what challenges they
are facing and what they like and don’t like about your offerings. You can
enter into an ongoing dialog that can be more resourceful. Many people don’t
realize that social media can be a leading way of success . When you share blog
posts, videos and other content from your website, you give your audience a
reason to click through and visit your site. Once there, you have the
opportunity to inspire those visitors to take action by inviting them to
explore their website. Not only does social media bring customers it also lets
you get a view of your competitors customers ratings and reviews.
These are some of the social media that is used by big and small businesses use including Coca Cola.
Coca-Cola use twitter amongst many other social media to advertise and market the company’s goals upcoming product. twitter is used more frequently to interact with current customers to gain feedback about their current products. They have spokesperson that represents them on social media websites who answers questions they have that ultimately gains trust with consumer.
Coca-Cola Social Media |
Coca-Cola social media
September 14, 2015
Ch. 2 - Strategic Planning for Competitive Advantage
STRATEGIC PLANNING
Diversification is one strategic methods from Ansoff’s strategic
opportunity matrix that is used by coca-cola. Ansoff’s matrix is one of many
methods for developing alternatives which matches products with markets.
Diversification strategy increases sales while introducing new products into
new markets. Coca-cola is originally known for its famous soda Coca-Cola and
coke. Over the years, the company has extended into other beverages, for
example sprite, Fanta, Dasani, Fresca, TaB, Powerade, and VitaminWater. If you’re
going for a more healthy drink Coca-Cola also offers simply orange, minute
maid, Odwalla, Fuze, Honest Tea and Zico. That’s some of the advantages
Coca-Cola has over other companies. They have different target market from the
variety of drinks they offer, making them successful over the decades. A competitive advantage coca-cola has over many other company is, they sell their product in over 200+ countries.
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