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Published byBernadette Copeland Modified over 9 years ago
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Products World's leading manufacturer, marketer and distributor of non-alcoholic beverage concentrates and syrups.
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Market Capitalization
$155.80 Billion Market Capitalization
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Stock Symbol KO Stock Price $68.30
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CEO – Head of Company Headquarters is located in the U.S.
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CEO Muhtar Kent Chief Executive Officer of the Company on July 1, 2008, and as Chairman of the Board of Directors on April 23, 2009. Held various positions with Coca Cola abroad and internationally ( ). Mr. Kent holds a B.S. degree in economics from Hull University, England, and a M.S. degree in administrative sciences from London City University.
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Management Style There are 3 main types of management styles
used in businesses: Autocratic The leader makes all the decisions, there is no negotiation and is very prescriptive and there is little job satisfaction. However, the job gets done quickly and there is less conflict between different ideas. This style is hardly used among the company as they believe that the lack of input could lead to poor results. Autocratic does save a lot of time as quick decisions can be made and there is no time wasted on discussion resulting in the business saving time and money.
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Democratic This emphasis on group agreements to generate new ideas.
All the managers, junior managers and employees are involved in the ideas and final decision process. Out of all the workers, no-one has a higher level than the others in this management style.
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Consultative Democratic
This is where the managers allow the employees to make the ideas but the ideas are forwarded to the executive's or the manager consults their team to make the final decision. Coca Cola applies consultative management style to the company more as there can be less conflict for what the final decision is. The advantage of this is that it helps to motivate staff as they are aware that they have a say in the company to some extent. The disadvantages of this that the process is very time consuming and effort will be needed by a manager to do this.
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Democratic style is the management style that Coca cola adopts.
This sort of management style involves empowerment. In this management style individuals and teams are given responsibilities and decisions to make, usually within a given framework. If anything wrong happens then the individuals and teams are then held responsible for the decisions that are chosen. With this type of management style it allows the manager to feel comfortable with other people in the organization making some of the decisions.
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Net Income Dec. 31, Dec. 31, 2009 Dec. 31, 2010 $5,807, $6,824, $11,809,000
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Competitors Coke - $155.8 B $9.22 B $ B
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