The youths of India are more health conscious and constantly looking for drinks which are refreshing. It helps with the anticipation of future developments for the company. It also sponsors majority of the New Zealand events like rugby and netball. The political crisis like protests, political violence brings fluctuations in demand which makes difficult for the company to penetrate in the countries facing political crisis as stated by Demetris, 2006. The company has created want in consumer that has turned into demand.
These issues potentially impact their business and revenue. The company has to follow the relevant laws in order to do business in a particular market. Gradually the country is adopting the attest technologies like 3G and 4G. In the past Coca Cola has faced a tussle with law in several areas including the quality and composition of its products to labor practices. The global environment subjects a corporation to several pressures.
Palmer, 2009 the pricing strategy is also variable, the company can make on-going changes to their pricing strategy, however such a minor difference can cause a significant change to revenue, e. Coconut Water Market By Product Type Coconut water, Natural fruit sugar and by Regional Analysis - Global Forecast by 2017 - 2024. The members of board of directors of a company have to ensure that in every business decision the rules and regulations must be followed. Branding strategies The Coca-Cola Company has introduced major soft-drink of different kinds into the market, each kind has a different image, and this demonstrates an individual branding strategy, through the usage of new brand names for the various new products they have introduced over the years. These raw materials are easily available to the producers; switching cost is less so manufacturers can easily shift to other suppliers Fahad, 2013. Marketing managers have an option to adopt strategies such as direct and selective distribution, Coca-Cola products are available in large supermarkets and vending machines, this indicates an intensive distribution, as it is available anywhere at any time 24hr petrol shops anyplace.
Soft drinks are mainly to satisfy the need of thirst. Coca Cola has realised change in external environment and introduce some new products and price ranges including offers for retailers and individuals. The product- The product Coca-Cola soft drink not only includes just the liquid in it but also the packaging. As the company is manufacturing non-alcoholic beverage which requires lot of water so in return company is planting trees to save water. This increases their market exposure through effective use of the distribution channels. It is due to multiple reason, one is obvious to cover extra cost of advertisement campaigns, prices kept high to create a special image of the product in consumers mind that they are nor only buying a drink but they are entering in a special range of fun recreation, it depicts an idea that everyone is not cool and futuristic. There mare several laws and they vary from country to country and market to market.
In marketing distributional decisions, markets must focus on whether the costs of such distribution is affordable and how close the customers are to receiving the product. Woodruff focused on improving sales by establishing a research department that became an innovative market research agency seeking to maximize the profit from every sale of the Coca- Cola syrup. Due to its size, The Coca-Cola Company can exercise its market power over suppliers by requiring lower prices from them. The economic position of Coca- Cola is determined through careful analysis of the organizations history, market conditions, market trends, and finally the recommendations needed for the future of the organization in their economic position. On the product-service continuum we see that a soft drink provides little service, apart from the convenience and comfort.
Design to grow: How Coca-Cola learned to combine scale and agility and how you can too. A global organization such as McDonalds has to take into consideration these environmental factors to continue to grow outside the borders of the United States. The Coca-Cola company is an international global business, and has more than just one product within the soft-drinks market, other products include Fanta and Sprite all owned by the Coca-Cola Company. Technological Factors: In beverage industry technology plays an important role in production of the concentrated syrup, packaging of the bottles, filling of the bottles, and distribution of the products. The Pricing mix varies from other Ps, as the other mainly evolves around company expenditure decisions.
Kotler, Wong, Saunders, Armstrong, 2005 The Coca-Cola Company has been able to remain profitable in their many years of operating as a company. It is also targeted to the people of lower class. The value chain in Coca-Cola comprise of the primary and secondary activities. The major aim of the company is to increase the market share value which is achieved by maintaining good relations and bond with its associates. Coca-Cola at A Glance: Infographic.
In order to remain profitable, Coca Cola has to invest heavily in it. These factors include; global economic interdependence alongside trade practices and agreements, demographics and their importance on top of physical infrastructure, cultural differences, social responsibilities, ethics versus legal obligations, political systems and international relations, and technology while analyzing the influence of the Foreign Corrupt Practices Act as well as local, national, and international legislation. Thus the availability of these products at different places shows the bargaining power of buyers. The various economical factors like inflation rate, employment and unemployment rate, wage rate, standard of living helps the company in taking decisions related to future investments. Very few companies involve themselves in sponsoring sporting events, therefore, Coca-Cola uses this strategy as a competitive adavantage.
Their extremely recognizable branding is one of Coca-Cola's greatest strengths and the simplicity of its bottling is a part of a great marketing strategy Spring,2002. Any increase or decrease in tax rates can affect the profits of any corporation. Technological efficiency ensures timely production and an efficient supply chain. Coca-Cola is well known for their carbonated soft drinks. The customers are always valued as their choices and tastes are varying day by day. Additionally, its bottling organization also permits it to take advantage of countless emerging opportunities around the globe. The activities include inbound logistics, operations, sales, human resources, accounting and information technology assistance.