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The Coca-Cola Company is heart quartered in Atlanta, Georgia in United States which is
the country of origin of the company. The Coca-Cola Company was established by As a
Candler in 1892. Muhtar Kent who was born in 1952 in New York, United States is
currently the Chairman and Chief Executive Officer (CEO) of The Coca-Cola Company
and he is also stick with the operation of the company. The Coca-Cola Company
establishes its firm in the worldwide areas and currently sells its products to over 200
countries. The firm operations are divided into several geographies which are Eurasia and
Africa, Europe, Latin American, North American and Pacific.
The Coca-Cola Company is a beverage company which produces more than 3000
beverage products. The Coca-Cola Company is also a manufacturer, distributor, bottler,
and marketer of non-alcoholic beverage concentrates and syrups. Under the
implementation of the Coca-Cola system, the Coca-Cola Company has to cooperate with
over 300 bottling partners worldwide. The company manufactures and sells concentrates,
beverage bases and syrups to bottling operations, owns the brands and is responsible for
consumer brand marketing initiatives. Our bottling partners manufacture, package,
merchandise and distribute the final branded beverages to our customers and vending
partners, who then sell our products to consumers.
The company has 92800 worldwide associates around the world live and work in the
market the company serves. In 2009, The Coca-Cola Company outputted 24.4 billion unit
cases products and the sales revenue of The Coca-Cola Company for the year is 30990
million. The company produces the products such as waters, juices and juice drinks, teas,
coffees, sports drinks and energy drinks. The company has four of the world’s top five
non-alcoholic sparkling beverage brands which are Coca-Cola, Diet Coke, Sprite and
Fanta.
MARKETING STRATEGY:-
What people want in a beverage is a reflection of which they are, where they live, how
they work and play, and how they relax and recharge. Whether you're a student in the
United States enjoying a refreshing Coca-Cola, a woman in Italy taking a tea break, a
child in Peru asking for a juice drink, or a couple in Pakistan buying bottled water after a
run together, we're there for you. We are determined not only to make great drinks, but
also to contribute to communities around the world through our commitments to
education, health, wellness, and diversity. Coke strives to be a good neighbour,
consistently shaping our business decisions to improve the quality of life in the
communities in which we do business.
The marketing strategy for the future is as follows:
Accelerate carbonated soft-drink growth, led by Coca-Cola.
Selectively broaden the family of beverage brands to drive profitable growth.
Grow system profitability and capability together with our bottling partners.
Serve customers with creativity and consistency to generate growth across all
channels.
Direct investments to highest potential areas across markets.
Drive efficiency and cost-effectiveness everywhere.
MARKET SEGMENTATION:-
Dividing a market into distinct groups with distinct needs, characteristics, or behaviour
who might require separate products or marketing mixes.
In evaluating different market segments, a firm must look at three factors:
Segment size
Segment growth
Segment structural attractiveness and company objectives and resources.
There is no single way to segment a market. The market has to try different
segmentation variables, alone and in combination, to find the best way to view the market
structure.
TARGET MARKETING:-
Coca Cola takes every customer as target and potential customer who is thirsty. All age
groups are being target but the most potential is the age group from 18-25 that covers
around 40% of total age segments
Age:-
The target market for the Coca Cola is based on age. The target audience of Coca Cola is
youngster or youth. It is a wide range for targeting. It ranges from the age of 15-25 and
also reaches to 40 plus, as they are serving this age group also. Their targeting not based
on gender but the results also show that both genders like this product and use it.
Gender:-
Surprisingly Coca Cola segments Pakistani Market with a percentage ratio of 58%
females and 42% male.
Life style: - busy life style (face shortage of time) and mobile generation
Family: - dependent on their family
Occupation: - students and family oriented people
Nature: - fun loving and entertainment loving
Socio economic status: - upper lower class and lower class
Customer’s Media Habits:-
There are some habits which are given as follows’
The target audience of the coca Cola brand is loved to have exposure to media.
They are the mobile generation and spend lot of time on MMS and SMS chatting.
They spend most of the time on enjoying music.
They spend their home time on watching TVs.
They like innovations in TV ads. Etc.
This is the process of evaluating each market segment’s attractiveness and selecting one
or more segments to enter.
After evaluating different segments, the company must now decide which and how many
segments it will target, because buyers have unique needs and wants, a seller could
potentially view each buyer as a separate target market. Ideally, then, a seller might
design a separate marketing program for each buyer.
Undifferentiated marketing. (Mass Marketing)
Differentiated marketing. (Segmented Marketing)
UNDIFFERENTIATED MARKETING:-
Targeting can be done by the Coca Cola by adopting a logical and systematic
methodology / steps. Which are as follows: -
1. Identify the potential buyers: - Through proper market research and market
segmentation (it is the process of pulling apart the entire market as a whole and
separating it into manageable disparate units based on various demographic,
political, economic and social factors; it can also be customer / product /
competition related segmentation).After the process of Segmentation the next step
is for the organization to decide how it is going to target these particular groups.
2. Select the target audiences: - The factors that influence Targeting are the Internal
and External Environment. Internal environment includes the mission, vision,
values and objectives of the firm; whereas; External factors are the social, cultural,
economic, global, demographic, natural, task, technological, political and legal
environment.
Through appropriately compiling the customers profile to decide the 4 P’s –
Product, Price, Place and Promotion and obtain the demographic, psychological,
geographic and behavioural information of the buyer. Targeting is deciding the
potential buyers, products to be offered and appropriately positioning each product
to the segment.
WEB SITE:-
1. http://www.oppapers.com/essays/Brief-Introduction-Of-The-Coca-Cola-
Company/435606
2. http://www.megaessays.com/viewpaper/60282.html
3. http://www.scribd.com/doc/18240530/SEGMENTATION-MODEL-OF-
COCACOLA-AMIT-KRISHNA
4. http://kninn.blogspot.com/2010/06/target-market-of-coca-cola.html
5. http://www.zainbooks.com/books/marketing/principles-of-
marketing_17_marketing-segmentation.html
6. http://www.123oye.com/job-articles/business-corporates/target-marketing.htm