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cocA-COLA 3
cocA-COLA 3
dynamics according to micro and macro organizational environment. This study tends
to examine the relationship between the changing business environment with various
factor. The evolution of brand development of the enterprise includes the
redevelopment of its policies and technologies with changing business dynamics. This
tends to increase the frequency of purchases. Coca-cola also works in an advertising
campaign by making celebrities their brand ambassador worldwide. Coca-cola
ensures that everyone who joins their business should make a profit, therefore,
involving them to enhance their value, that makes the enterprise achieve its goal. The
framework included are PESTLE frame work and Poster’s five forces to show
strategic management.
The keywords to be focused on are product, price, promotion, and place. With the
evolving dynamics, Coca-cola assists 4P’s - product, price, place, and promotion. In
the product section, Coca-cola manages 3900 types of products worldwide. These
cold drinks are categorized on the basis of age and health of consumers such as
energy drinks, juice, tea, fruit, etc.Coca-cola has gain a lot of success in global
existence among existing carbonate drink firms. Price plays a key role in the profit of
the industry. Coca-cola makes the prices of the product based on a competitor,
geographic segmentation, macro and micro environment. Coca-cola gives high
discount when someone purchase it in bulk. Coca-cola has a network in almost every
place in the world. Coca-cola makes promotion through various platforms like TV,
online media, music, radio, print, hoardings, etc. Coca-cola applies CSR to advertise
according to the sentiments of customers.
The upcoming paragraph have been critically evaluated the fundamental dynamic
features of internal and external analysis environments like the efficient process for
production, the skills needed by the organization to meet the marketing needs with
changing environment, and efficient distribution of network and communication.
Evolving dynamics of Coca-cola with time- The ways of evolution of Coca-cola are:
acquisitions, new products and logo evolution.
Acquisition has assisted Coca-cola to compete with its competitors. Few brands that
Coca-cola developed dynamically are: Minute maid in 1960, Thums Up in 1993,
Costa Coffee in 2019.
Coca-cola always work to launch new products to determine its attractiveness and
making buzz among buyers. These new products that were manufactured with
evolving dynamics are Diet Coke, Coke zero, Caffeine free coke, etc. Flavors were
added like vanilla, lime, strawberry, lime and coffee. Products were made for
consumers who wanted less sugar, and who wanted to avoid consumption of caffeine.
Coca-cola constantly changes its logo with time. They have evolved logo more than
10 times since the company established. They make little changes in core logo to give
new messages and objectives with time so that consumers can relate it with the old
logo with new message to convey.