Case Study on COCA-COLA
-
Upload
nirakar-sapkota -
Category
Documents
-
view
254 -
download
2
description
Transcript of Case Study on COCA-COLA
Contents
Acknowledgement
Executive summary
Challenge....................................................................................1
New product category................................................................................1
Product line extension................................................................................1
Incremental Improvement..........................................................................2
Introduction to the company........................................................2
Birth of Coca Cola.........................................................................................................2
Asa Candler.....................................................................................................................3
Death of the Soda Fountain - Rise of the Bottling Industry...........................3
New Coke.........................................................................................................................3
Situation Analysis.......................................................................4
Company Analysis...................................................................................4
Mission Statement........................................................................................................4
Vision Statement...........................................................................................................4
Market Share..................................................................................................................4
Customer Analysis....................................................................5
Consumer Decision Process:.....................................................................................5
Competitors.............................................................................6
Economic Effect Analysis.................................................................................7
Political Effect Analysis....................................................................................9
Technological Factors:....................................................................................10
Social and Cultural Analysis.............................................................................10
SWOT Analysis Of Coca Cola...............................................................11
Strengths.......................................................................................................................11
Weaknesses..................................................................................................................11
Opportunities................................................................................................................12
Threats...........................................................................................................................13
Market Segmentation................................................................14
Behavioral base........................................................................................14
Cognitive base..........................................................................................14
Selected Market Strategy..........................................................14
Product.....................................................................................................14
Branding.........................................................................................................................15
Product line...................................................................................................................16
Packaging......................................................................................................................16
Price.........................................................................................................17
Prices of different bottles:........................................................................................17
Discounts.......................................................................................................................18
Placement/Distribution Channel...............................................................18
Indirect distribution....................................................................................................18
Direct distribution.......................................................................................................18
Promotions...............................................................................................19
Conclusion................................................................................20
Suggestions..............................................................................21
Bibliography..............................................................................22
Acknowledgement
Working with this report has been very interesting. We are forever
indebted to all those who gave us valuable suggestions, stimulating
ideas, constructive comments and encouragements throughout this
report writing.
We are indebted to our respected teacher Mr. Sanjeeb Shrestha
who’s indispensable and intricate comments on various aspects
conjoined with motivation made us come forth holding such a project.
Executive summary
Purpose of this project is to study the strategies which Coca cola is
doing in Nepali market for its product Coca cola. Coca cola
International is a world renowned brand. It is a very well organized
multinational company, which operates almost all over the world. In
Nepal It also has proved itself to be the No.1 soft drink.
Now days Coca cola is recognized as Nepalis National drink .Coca
cola's greatest rival is Pepsi Cola. Coca Cola has an international
recognized brand. Coke’s basic strength is its brand name. But Coca
cola with its aggressive marketing planning and quick diversification
in creating and promoting new ideas and product packaging, is
successfully maintaining is No.1 position in Nepal. Coca cola is
operating in Nepal, through its more than 12 bottlers all over Nepal.
These bottlers are Coca cola's strength. Coca cola has given franchise
to these bottlers. Bottlers, produce, distribute and help in promoting
the brand.
We also did analysis of the soft drink industry in Nepal and
worldwide. The soft drinks set to become world's leading beverage
sector. Global consumption of soft drinks is rising by 5% a year.
Challenge
Coca cola is doing new product development on frequent interval of
times. The purpose of which is to refresh the brand. By new products
and innovative ideas consumers can easily be attracted. In following
ways Coca cola is doing new product development.
New product category
Coca cola which is mainly a company of soft drinks after establishing
a brand in Nepal. Coca cola came into several new product category.
Fanta, Sprite and Aquapure, fast food restaurants are the examples
of new product category.
Product line extension
Mountain dew is the most recent addition in the product line of soft
drinks which is very popular especially among the youngsters.
However Coca cola launch its several variants with a minor difference
on frequent interval of time. There have been many Coca cola
variants produced over the years, including, Coca Cola
raspberry,Coca Cola zero,Coca Cola M5, Coca Cola black cherry
vanilla, Coca Cola black, Coca Cola citrus,Coca Cola light sango, Coca
Cola orange, Coca Cola diet etc.
Line Filling
Coca cola claims that they are doing mass marketing but there was
an unfilled gap in the consumers. The diabetic patient can’t use the
regular Coca cola because of the sugar. So Coca cola had introduced
diet Coca cola to fill the gap in their drinks as of then onwards even
diabetic people became their consumers.
1
Incremental Improvement
Coca cola jumbo is an example of incremental improvement made by
Coca cola. It was 2.25 liter bottle introduced few years ago in Nepal.
The purpose of this packing is to offer the Coca cola to a family for
one or two time meals. Price of this pack is also kept low so that is
can be affordable easily by the consumers.
Introduction to the company
Coca cola International is a world renowned brand. It is a very well
organized multinational company, which operates almost all over the
world. They produce, one of best carbonated drinks in the world.
Coca cola is a symbol of hygiene, quality and service, all over the
world. Coca cola is producing Cola for more than 100 years and it has
dominated the world market for a long time. Its head office is in
Atlanta.
History of coca cola
In May, 1886, Coca Cola was invented by Doctor John Pemberton a
pharmacist from Atlanta, Georgia. John Pemberton concocted the
Coca Cola formula in a three legged brass kettle in his backyard. The
name was a suggestion given by John Pemberton's bookkeeper Frank
Robinson.
Birth of Coca Cola
Being a bookkeeper, Frank Robinson also had excellent penmanship.
It was he who first scripted "Coca Cola" into the flowing letters which
has become the famous logo of today.
The soft drink was first sold to the public at the soda fountain in
Jacob's Pharmacy in Atlanta on May 8, 1886.
2
About nine servings of the soft drink were sold each day. Sales for
that first year added up to a total of about $50. The funny thing was
that it cost John Pemberton over $70 in expanses, so the first year of
sales were a loss.
Until 1905, the soft drink, marketed as a tonic, contained extracts of
cocaine as well as the caffeine-rich kola nut.
Asa Candler
In 1887, another Atlanta pharmacist and businessman, Asa Candler
bought the formula for Coca Cola from inventor John Pemberton for
$2,300. By the late 1890s, Coca Cola was one of America's most
popular fountain drinks, largely due to Candler's aggressive
marketing of the product. With Asa Candler, now at the helm, the
Coca Cola Company increased syrup sales by over 4000% between
1890 and 1900.
Advertising was an important factor in John Pemberton and Asa
Candler's success and by the turn of the century, the drink was sold
across the United States and Canada. Around the same time, the
company began selling syrup to independent bottling companies
licensed to sell the drink. Even today, the US soft drink industry is
organized on this principle.
Death of the Soda Fountain - Rise of the Bottling Industry
Until the 1960s, both small town and big city dwellers enjoyed
carbonated beverages at the local soda fountain or ice cream saloon.
Often housed in the drug store, the soda fountain counter served as a
meeting place for people of all ages. Often combined with lunch
counters, the soda fountain declined in popularity as commercial ice
cream, bottled soft drinks, and fast food restaurants became popular.
3
New Coke
On April 23, 1985, the trade secret "New Coke" formula was released.
Today, products of the Coca Cola Company are consumed at the rate
of more than one billion drinks per day.
Coca cola Nepal
The market in Nepal is surely dominated by Coca cola. It has proven
itself to be the No.1 soft drink in Nepal. Coca cola is the choice soft
drink of every one. It is consumed by all age groups because of its
distinctive taste. Compared with other Cola in the market, it is a bit
sweeter and it contributes greatly to its liking by all. Consumer’s
survey results explain the same outcome and Coca cola has been
declared as the most wanted soft drink of Nepal.
Situation Analysis
Company Analysis
Mission Statement
“To be the world's premier consumer Products Company focused on
convenient foods and beverages. We seek to produce healthy
financial rewards to investors as we provide opportunities for growth
and enrichment to our employees, our business partners and the
communities in which we operate. And in everything we do, we strive
for honesty, fairness and integrity.”
Vision Statement
“To be the world's best beverage company”. Being the best
means providing outstanding quality, service, cleanliness and value,
so that their every customer is contented and happy with their
products.”
4
“To increase the value of their shareholder’s investment through
sales growth, cost control and wise investment of resources.”
Market Share
Coca-Cola, imported from India, was first introduced into Nepal in
1973, with local production of Coca-Cola beginning in 1979. Bottlers
Nepal Limited (BNL) is the only bottler of Coca-Cola products in
Nepal, and has two bottling plants; namely Kathmandu (Bottlers
Nepal Limited – BNL) and Bharatpur (Bottlers Nepal (Terai) Limited,)
which is 160 km from Kathmandu, its capital. Coca Cola enjoys 67.8
percent share in Nepal´s carbonated soft drinks market, according to
ACNeilsen, a global marketing research firm. The multinational brand
valued at $70 billion has presence in 200 countries.
Customer Analysis
There are three types of customers
1. Consumer
2. Business
3. Government
Coca cola main focus is the consumers which are the end users. Coca
cola has to make its marketing strategies keeping in view the
consumer buying behavior. To forecast the behavior of the consumer
is a business problem. Physical aspect of the consumer can be
satisfied but it is difficult to satisfy the consumer psychologically.
Consumer buying behavior is affected by certain factors like Cultural
factors, Social factors, Personal factors and Psychological factors. So
5
the producer should keep these factors in Mind while promoting their
product so that they can acquire the customer and increase their
market share.
There are different consumers in a society whose behavior is not the
same. Every consumer has a different perception of different
products. Some consumers are impressed by one quality of the
product which may be in the view of other consumer not that
impressive. So to deal with different consumers in a society one
should know about the consumer buying behavior process which may
help in making a true picture of their product in the mind of the
consumers.
Consumer Decision Process:
Consumer decision process or consumer buying behavior is explained
in some steps which are discussed below:
Need Identification
The consumer is thirsty and he wants to quench his thirst.
Information Search
He will search as to what will satisfy his thirst the most.
Evaluation of Alternatives
He will now evaluate from the wide range of beverages available to
him that which one of them is suitable to him in terms of quality,
taste and is pocket friendly.
Selection
After evaluating the product he will select a product.
6
Purchase
The consumer will buy the selected product.
Post-Purchase Experience:
It is the experience that the consumer gets after using the product.
He will use the product again if he feels that his satisfaction after use
is more or equal to the price of the product.
After looking at above mentioned example, we can get an
understanding that a product should be so desirable that whenever a
person identifies his need, he selects our product among various
substitute products and he feel satisfies so that he retains the use of
that product.
Competitors
Company who directly target your customers.
The marketing concept states that to be successful, a company must
provide greater customer value and satisfaction than its competitors
do.
The Coca-Cola Company's main rival in the soft drink industry, is
usually second to Coke in sales, and outsells Coca-Cola in some
markets. RC Cola, now owned by the Dr Pepper Snapple Group, the
third largest soft drink manufacturer, is also widely available. There
are different types of competitor in the market. Some of them in
which our product lies are discussed below:
Close Competitor
Coca cola and Pepsi are close competitors. It means that both have
direct competition in the market, their products are close substitutes
for one another. Both the products can influence the market share of
7
one another through effective strategies made to cope up with their
competitors. In Nepal Coca cola is the market leader and Pepsi Cola is
its competitor. The Coca cola makes defense strategies so that it can
maintain its position in the market. While is a challenger and it makes
attack strategies so that it can become the market leader.
Economic Effect Analysis
Income and Income per Capita
If the income level or per capita income of the people increases, it
will have a positive effect on the consumption of Coca cola.
Inflation
If the country faces inflationary trend in the market, the price of
the Coca cola will ultimately increase which will lower its demand.
Consumption Behavior
Nepal is a consumption oriented society. Due to demonstration
effect the people are more inclined towards consumption than
saving. So the people of Nepal spent heavily on food items. Hence
Coca cola has a good market share in the present circumstances.
Income Distribution
It means how much is in the hands of rich and poor class. If there
is balanced distribution of income in the country, the consumption
of the people will increase hence increasing the sales of beverages
as well.
Payment Mod
As the use of plastic money is increasing the consumption pattern
of the people are increasing. Although it will have a low affect on
the consumption of Coca cola.
8
Employment Opportunities
As employment opportunities increase the living standard of the
people increase and the people consume more.
Aggregate Demand
In case of Coca cola, aggregate demand of the product increases
in the season of summer as the hot weather makes the consumers
want to drink more.
Aggregate Supply
In summer season to cope up with the increasing demand they
have to increase the aggregate supply of their product.
Economic Policies
Some of the economic policies which can affect the market of
Coca cola are discussed below:
Fiscal Policy
It is the policy of taxes. If heavy tax is levied on Coca cola then its
price will rise having negative effect on its consumption.
Monetary Policy
Monetary policy is made to restrict or increase the supply of
money in the market. If policies are made to restrict the flow of
money in the market, inflation can be controlled hence increasing
the real income of the people which will ultimately affect the
consumption of Coca cola.
Price Policy
9
If price of Coca cola is increased its demand will decrease and vice
versa.
Income Policy
If income of the people will increase their purchasing power will
increase and hence increasing the market share of Coca Cola.
Political Effect Analysis
Political Stability:
Whenever the government is considered to be stable, the business
will flourish. If there is political stability in the country the policies
and strategies made by Coca cola can be consistent to be
implemented. Foreign companies are also keen to invest in those
countries which are politically stable where they have no fear of
decline in their market share or shut down due to sudden change
of government.
Mixed Economy
In mixed economy government and private sector both plays their
role in developing the economy of the country. Investment by
foreign companies like Coca cola is more likely to flourish in mixed
economy.
Laws Formulation
Government has given copy rights to Coca cola so that another
company cannot sell their product by the name of Coca cola. The
countries where laws are formulated, the strategies and activities
of the company are different.
10
Technological Factors:
Research and Development
Through research and development quality of the product can be
improved or better techniques or machinery can be developed
which can increase the production. When technology is advance
the supply of the product increase hence the company
experiences growth in their business.
Social and Cultural Analysis
Psychographic
It is a combination of demographic and psychological factors.
Psychological attributes mean how you perceive things. The
company will focus on the behavior of consumers and make
different changes in their product quantity or quality and in
promoting their product so that they can attract the customers.
Keeping in view that the behavior of different consumers is not
alike they have to make their marketing strategies in accordance
with their requirements so that they are convinced to buy the
product.
Social Status
Coca cola is a well renowned brand. People who are brand
conscious will not drink beverages of lesser known brands. They
will try to show their status by drinking Coca cola which is known
to all as a quality drink.
Media
11
It is a very important factor for marketing. Media these days is a
very effective way of inspiring people to buy a specific product. A
good promotion can boast up sales to a great extent.
SWOT Analysis Of Coca Cola
SWOT Analysis, which is based on thorough review of the business
(corporation, product category competition, customers and products),
identities and evaluates the internal strengths and weakness of the
companies well as its external threats and opportunities. The
marketing mix is driven by the results of the SWOT analysis.
Strengths
The best global brand in the world in terms of value.
According to Interbrand, The Coca Cola Company is the most
valued ($77,839 billion) brand in the world.
World’s largest market share in beverage. Coca Cola
holds the largest beverage market share in the world (about
40%).
Strong marketing and advertising. Coca Cola’ advertising
expenses accounted for more than $3 billion in 2012 and
increased firm’s sales and brand recognition.
Most extensive beverage distribution channel. Coca Cola
serves more than 200 countries and more than 1.7 billion
servings a day.
Customer loyalty. The firm enjoys having one of the most
loyal consumer groups.
Bargaining power over suppliers. The Coca Cola Company
is the largest beverage producer in the world and exerts
significant power over its suppliers to receive the lowest price
available from them.
12
Corporate Social Responsibility (CSR). Coca Cola is
increasingly focusing on CSR programs, such as
recycling/packaging, energy conservation/climate change,
active healthy living, water stewardship and many others,
which boosts company’ social image and result in competitive
advantage over competitors.
Weaknesses
Significant focus on carbonated drinks. The Coca Cola
Company is still focusing on selling Coke, Fanta, Sprite and
other carbonated drinks. This strategy works in short term as
consumption of carbonated drinks will grow in emerging
economies but it will prove weak as the world is fighting obesity
and is moving towards consuming healthier food and drinks.
Undiversified product portfolio. Unlike most company’s
competitors, Coca Cola is still focusing only on selling
beverage, which puts the firm at disadvantage. The overall
consumption of soft drinks is stagnating and Coca Cola
Company will find it hard to penetrate to other markets (selling
food or snacks) when it will have to sustain current level of
growth.
High debt level due to acquisitions. Nearly $8 billion of
debt acquired from CCE’s acquisition significantly increased
Coca Cola's debt level, interest rates and borrowing costs.
Negative publicity. The firm is often criticized for high water
consumption in water scarce regions and using harmful
ingredients to produce its drinks.
Brand failures or many brands with insignificant amount
of revenues. Coca Cola currently sells more than 500 brands
but only few of the brands result in more than $1 billion sales.
Plus, the firm’s success of introducing new drinks is weak. Many
of its introduction result in failures, for example, C2 drink.
13
Opportunities
Bottled water consumption growth. Consumption of bottled
water is expected to grow both in US and the rest of the world.
Increasing demand for healthy food and beverages. Due
to many programs to fight obesity, demand for healthy food
and beverages has increased drastically. The Coca Cola
Company has an opportunity to further expand its product
range with drinks that have low amount of sugar and calories.
Growing beverages consumption in emerging markets.
Consumption of soft drinks is still significantly growing in
emerging markets, especially BRIC countries, where Coca Cola
could increase and maintain its beverages market share.
Growth through acquisitions. Coca Cola will find it hard to
keep current growth levels and will find it hard to penetrate
new markets with its existing product portfolio. All this can be
done more easily through acquiring other companies.
Threats
Changes in consumer tastes. Consumers around the world
become more health conscious and reduce their consumption
of carbonated drinks, drinks that have large amounts of sugar,
calories and fat. This is the most serious threat as Coca Cola is
mainly serving carbonated drinks.
Water scarcity. Water is becoming scarcer around the world
and increases both in cost and criticism for Coca Cola over the
large amounts of water used in production.
Strong dollar. More than 60% of The Coca Cola Company
income is from outside US. Due to strong dollar performance
against other currencies firm’s overall income may fall.
Legal requirements to disclose negative information on
product labels. Some Coca Cola’s carbonated drinks have
adverse health consequences. For this reason, many
14
governments consider to pass legislation that requires
disclosing such information on product labels. Products
containing such information may be perceived negatively and
lose its customers.
Decreasing gross profit and net profit margins. Coca
Cola’s gross profit and net profit margin was decreasing over
the past few years and may continue to decrease due to higher
water and other raw material costs.
Competition from PepsiCo. PepsiCo is fiercely competing
with Coca Cola over market share in BRIC countries, especially
India.
Saturated carbonated drinks market. The company
significantly relies on the carbonated drinks sales, which is a
threat for the Coca Cola as the market of carbonated drinks is
not growing or even declining in the world.
Market Segmentation
It means that you divide the target market in to different groups.
Market consists of buyers and buyers differ in one or more ways.
They may differ in wants, resources, locations and buying practices.
Through market segmentation companies divide large,
heterogeneous markets into smaller segments that can be reached
more efficiently and effectively with products and services that match
their unique needs.
Segmentation is done on basis of the previously mentioned external
factors and the following:
15
Behavioral base
It is how people perceive a specific product, in short psychological
analysis of a product. Coca cola all over the world is recognized as a
quality drink and therefore people drink it without any hesitation
whenever they are thirsty or otherwise. So marketers of Coca cola
have made it a drink for all people and for diabetic people they
introduced diet Coca cola.
Cognitive base
It pushes and pulls the consumer. If the outlook of Coca cola bottle is
desirable and it attracts the consumer, he will buy it even if he isn’t
thirsty.
Selected Market Strategy
Product
The soft drinks market in Nepal enjoys dynamic growth in both
volume and value terms. Carbonated drinks have become part of the
culture in Nepal and multinational companies have maintained
standards over the years to provide the nation with high-quality
drinks. Rural areas of Nepal have driven sales of carbonated drinks to
new heights as more than 60 percent of the population resides in
rural areas and young consumers are more attracted to advertising.
Coca cola is the most popular and leader brand in the Nepali market
and is consumed by children and adults alike. Coca cola is a
responsible corporate brand of Nepal and have contributed a lot to
the economy.
In marketing, a product is anything that can be offered to a market
that might satisfy a want or need. Until unless the product of the
company is not strong in the market it cannot survive in the longer
run.
16
Coca cola has a product line comprised up of carbohydrate drinks,
Lays and many other products in Nepal. Coca cola’s product line
satisfies consumer needs because Coca cola produces different types
of soft drinks for different consumers.
Branding
Consumer view a brand name as an important part of the product
and branding can add value to the product. A name, term, sign,
symbol or design or a combination of these intended to identify the
goods and services of one seller or group of seller and to differentiate
them from their competitor
Logo
Logo is what establishes a brand name in the consumer mind. It is
the brands identify, signature, image and more often it is a logo that
makes of breaks a product logo plays a very effective role to improve
the product or brand.
17
Product line
SODA WATER JUICES
Coca cola Aquapure
Minute Maid
Fanta Aquarius
Sprite
Coca-Cola
Zero
Packaging
“Packaging is a part of product planning in which a firm researchers,
designs, and produces its packaging.”
The physical container may be a cardboard, metal, plastic or wooden
box; a cellophane, wax paper, or cloth wrapper; a glass, aluminum, or
plastic jar or can; a paper bag; styro foam; some other material; or a
combination of these products frequently have more than one
physical container.
But packaging depends upon the product nature as well as structure
means either it is liquid, semi liquid or solid.
In case of Coca cola Cola, they take the packaging designs by
considering what is better for company and what is better or
convenient for the transportation.
18
For protecting the syrup, Coca cola Cola uses the glass as well as
plastic bottles of different quantity.
Price
The amounts of money charged for a product or service, or sum of
the values that consumers exchange for the benefits of having or
using the product or services. As price gives us the profit so this P is
very important for business price of product should be that which
gives maximum benefit to the company and which gives maximum
satisfaction to the customer.
Following factors Coca cola kept in mind while determining the
pricing strategy.
Price should be set according to the product demand of public.
Price should be that which gives the company maximum revenue.
Price should not be too low or too high than the price competitor is
charging from their customers otherwise nobody will buy your
product.
Price must be keeping the view of your target market.
The price of Coca Cola, despite being market leader is the same as
that of its competitor Pepsi.
Sometimes, Coca cola places its customers into some psychological
pricing strategies by reducing a high priced bottle and consumers
think that they save a lot of money from this.
Prices of different bottles:
Regular bottle = rupees 20
Non Returnable/disposable= rupees 55
19
1.5 Liter Bottle= rupees 125
2.25 Liter Bottle= rupees 145
Discounts
Coca Cola offers various discounts to those retailers who have the
maximum sales of Coca cola products on daily, monthly and on
seasonal basis.
Seasonal Discount:
Following are discounts offered by Coca cola.
Coca cola also offers seasonal discounts schemes by reducing price in
Dashain and Tihar. Coca cola also offers trade in allowance for
retailers.
Placement/Distribution Channel
The Coca cola uses the following two channels for the distribution of
their products.
Indirect distribution
Indirect distribution involves agency holders e.g. Bottlers Nepal
Limited (BNL). The Marketing, Sales and Distribution strategy for BNL
is titled ‘Refresh the Marketplace’ and includes a robust Consumer
Response System to address any consumer concerns, ideas and
suggestions.
Direct distribution
The factory vehicles operate on direct routes in Kathmandu and other
cities selling non-returnable bottles Litter, Pet and Can.
20
Promotions
In Nepal Coca cola is the most liked soft drink especially by young
generation so the Coca cola company has devised such marketing
strategy which attracted them. For this reason they started
monitoring the habits of the generation. What they saw was that the
students were crazy about football and usually liked to idealize them
so in order to increase their sales the Coca cola Company paid high
amounts of money to the footballer to act as their spokes men.
Coca cola Cola Company has also become official sponsors of Nepal
cricket and has sponsored a number of series.
Also Coca cola has donated a lot to the earth quake victims and has
launched a number of prize schemes to attract new customers
As a result of this marketing strategy Coca cola has become the
largest seller of soft drinks in Nepal and is slowly forming a monopoly
in drinks market.
Frequency of the Coca cola ads varies from time to time. When the
season is on Coca cola do heavy advertisement especially in Dashain
and Tihar but this advertisement not remain consist. We can hardly
see the ads of Coca cola now as there is winter season.
21
Conclusion
Coca cola is a well renowned company and it has maintained its
position well by understanding the client psychology, by ensuring
quality, by introducing ingenuity in products, by enlarging its product
base, by keeping economic factors in view and by intense and jazzy
advertisements.
Whenever and where ever there is a spotlight event, Coca cola must
figure in, like the one day international cricket matches between
India and Nepal many other such occasions. The key word for success
in the Marketing World is to “remain in the spotlight” and that is what
Coca cola is doing.
22
Suggestions
The marketing world is full of surprises. Who could imagine that Coca
Cola would be overtaken by Pepsi? If Pepsi could be overrun by Coca
cola, it would be no wonder that Coca cola might be overtaken by
some other beverage. The need then is to combine quality with
ingenuity. Along with that, the reputation of the company has to be
kept robust.
Today we live in a fast moving world where novelty and newness
count a lot. One cannot rest on one’s laurels. Fresh efforts, newness
of approach must remain the cardinal principles of a well
orchestrated marketing strategy and the campaign must be
relentless. A continuous bombardment in advertisement would
convince the clients that Coca cola is a part of their lives. In order to
live with style, Coca cola ought to be an essential ingredient of one’s
life.
The Coca cola is at its maturity stage and the sales of company are
not growing very rapidly. Company is doing a lot of promotional
activities to let the product remain in the market. It holds a large
share of the market and whenever the sales state declining, the
company can improve it by different promotional activities.
Marketers of Coca cola can try to improve sales by improving one or
more marketing mix elements. They can cut prices to attract new
users and competitor’s customers. They can also launch a better
advertising campaign or use aggressive sales promotion to improve
the sales. Thus, Coca cola is at its maturity stage.
23
Bibliography
The following are the reference material where the information is
collected.
Online References:
i) http://en.wikipedia.org/wiki/Coca_cola
ii) http://www.ekantipur.com/the-kathmandu-post/
2010/04/01/Business/Coca-Cola-promotion--campaign-
launched/206780/
iii) http://www.bluechiplist.com/coca-cola/
iv) http://www.ktm2day.com/2010/05/01/coca-cola-set-to-
expand-market-in-nepal/
v) http://www.studymode.com/essays/Coca-Cola-Nepal-
1149300.html
vi) http://www.ukessays.com/essays/marketing/coca-cola-and-
their-internation-marketing-strategies-marketing-essay.php
vii) http://www.cocacolasabco.com/Territory.aspx/Show/Nepal
Other References:
viii) Frederick Allen. Secret Formula: How Brilliant Marketing and Relentless Salesmanship Made Coca-Cola the Best-Known Product in the World. New York: HarperCollins. 1994. 500pp.
ix) Michael Blanding. The Coke Machine: The Dirty Truth Behind the World's Favorite Soft Drink. Penguin. 2010. 375pp.
24
x) Mike Cheatham. "Your Friendly Neighbor": The Story of Georgia's Coca-Cola Bottling Families. Mercer University Press. 1999. 187pp.
xi) Elizabeth Candler Graham; Ralph Roberts. The Real Ones: Four Generations of the First Family of Coca-Cola. Barricade Books. 1992. 344pp.
xii) David Greising. I'd Like the World to Buy a Coke: The Life and Leadership of Roberto Goizueta. Somerset, NJ: John Wiley & Sons. 1998. 334pp.
xiii) Constance L. Hays. The Real Thing: Truth and Power at the Coca-Cola Company. Random House. 2004. 398pp.
xiv) E. Neville Isdell; with David Beasley. Inside Coca-Cola: A CEO's Life Story of Building the World's Most Popular Brand. Macmillan. 2011. 272pp.
xv) Ely Jacques Kahn. Big Drink: The Story of Coca-Cola. Random House. 1960. 174pp.
xvi) Kathryn W. Kemp. God's Capitalist: Asa Candler of Coca-Cola. Mercer University
Press. 2002. 312pp.
25