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The World of Coke Presented By Andrea R. Hart
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History of Coca Cola Coca Cola began in 1886 – Pharmacist John Pemberton sold a glass at Jacobs Pharmacy in Atlanta, GA, for $.05 cents. Sales averaged $.45 cents a day.
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History of Coca Cola Rights were acquired by Griggs Candler for $2,300 in 1888. Three production facilities were operating within 7 years. By 1920 there were over 1,000 bottlers of the product.
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Coca Cola Today 51% of the global carbonated soft-drink business Operates in more than 200 countries Brand list exceeds 500 with 3,500 plus beverages Nearly 140,000 employees
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Coca Cola Today Reported net income was $11.8 billion in 2010 Increase in operating revenue of 16% to $9.5 billion, 70% was generated internationally Average price of 16oz cola sells for $.99 cents
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Future Plans Set juice as its top priority. More emphasis on innovation Establish dairy beverages as a global platform – Brands such as Vio Minute Maid, Pulpy Super Milky
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Future Plans More emphasis on innovation Venturing and emerging brands group – Zico – Honest Tea – Illy
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Future Possibilities Marketing Efficiency – Campaigns for Multi Regional Use Scaling Globally & Being Locally Relevant
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Future Possibilities Doubling system revenue to $200 billion in 2020 – $95 billion last year Double the numbers of servings of its products – water, soft-drinks, juices – Consumption to more than 3 billion per day
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Room for Improvement Improving connections with consumers Better segmenting media towards consumers Profit Growth
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New Ventures Experimenting with new media – Digital Billboards – Social Media – In-Store Advertising – High-Profile TV Campaigns
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New Ventures Entering new markets – Vio-Fizzy Milk – Sparkling – Active Lifestyles – Enhanced Waters – Sports Drinks
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Plans In Next Few Years Multicultural Changes – Multicultural consumers account for 33% of all of Coca-Cola's U.S. volume – By 2020, those consumers will make up 40% of U.S. volume. 12-month strategy for African-American consumers. To focus on moms.
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Plans In Next Few Years Celebrate historically black colleges and universities. – Black History Month – Connecting over music
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Audit of Current Actions For 125 Years, company has stayed current with the times. Markets eco friendly initiatives – Less plastic in bottles Healthier Beverage Options – Juices – Energy Drinks
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Audit of Current Actions Too internally focused, not focused on changes with consumers. Missed healthier trends – “Consumers who want to reduce the calories they consume from beverages can choose from our continuously expanding portfolio of low- and no-calorie beverages, as well as our regular beverages in smaller portion sizes.” Nestle and Gatorade Lead in Water Enhancers and sports drinks
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Recommendations Coca Cola needs to have multi segments for different beverage types. More High profile memorable marketing campaigns Update and reinvigorate existing products Reducing sugar content in Vitamin Water Brand
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Recommendations Appeal to Mothers in the market – Market Coca Cola as a household item for recipes Introduce Water Enhancers to create market of water drinkers.
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Conclusion Coca Cola needs to continue Marketing Regionally. Seek ways to lure health fanatics Other vendors – School system bans sodas Introduce limited time products
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References Company Fact Sheet. (2011). Retrieved June 29, 2011, from CocaCola.Com: http://www.thecoca-colacompany.com/ourcompany/pdf/Company_Fact_Sheet.pdf http://www.thecoca-colacompany.com/ourcompany/pdf/Company_Fact_Sheet.pdf The Coca Cola Company. (2011). Heritage Timeline. Retrieved June 29, 2011, from CocaCola.Com: http://heritage.coca-cola.com/http://heritage.coca-cola.com/ Coca-Cola Lays Out Its Vision for the Future at 2010 Meeting. (2009, November 22). Retrieved July 10, 2011, from AdvertisingAge: http://adage.com/article/news/coca-cola-lays- vision-future-2010-meeting/140664/http://adage.com/article/news/coca-cola-lays- vision-future-2010-meeting/140664/ La Corte, R. (2009, February 11). Drink Industry: Cut Soda At School. Retrieved July 10, 2011, from CBSNews: http://www.cbsnews.com/stories/2005/08/17/health/main782266.shtmlhttp://www.cbsnews.com/stories/2005/08/17/health/main782266.shtml
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