Question: TASK - 1 : Create a SWOT analysis for the Coca Cola Company. The descriptions of the Coca Cola Company have been given below. Read
TASK:
Create a SWOT analysis for the Coca Cola Company. The descriptions of the Coca Cola
Company have been given below. Read it carefully and find out the strengths,
weaknesses, opportunities and threats for the company.
The Coca Cola Company:
The CocaCola Company is an American multinational corporation founded in best
known as the producer of CocaCola. The drink industry company also manufactures,
sells, and markets other nonalcoholic beverage concentrates and syrups, and alcoholic
beverages. The company's stock is listed on the NYSE and is part of the DJIA and the
S&P and S&P indexes.
The soft drink was developed in by pharmacist John Stith Pemberton. At the time
it was introduced, the product contained cocaine from coca leaves and caffeine from
kola nuts which together acted as a stimulant. The coca and the kola are the source of
the product name and led to CocaCola's promotion as a "healthy tonic". Pemberton had
been severely wounded in the American Civil War and had become addicted to the pain
medication morphine. He developed the beverage as a patent medicine in an effort to
control his addiction.
One of the biggest strengths that The Coca Cola Company has is their incredible variety
of products across different categories. In fact, there are over brands across
companies owned by Coca Cola. This not only gives them a higher control on the market,
but also more diversified expertise, and less overall competition. With a market share of
in the soft drink industry, they have a very solid positioning compared to many other
competitors. Which also means that it would be extremely difficult to compete with Coca
Cola and its almost unlimited resources.
Coca Cola is one of the most recognized brands in the world, which gives them a huge
advantage in front of their competitors. It also means that any new product or brand
they invest in will gain visibility almost immediately. The company prides itself in having
a secret recipe for its flagship product the Coca Cola. This means that this product will
be difficult to replicate by competitors.
One of the biggest weaknesses that the company has is its inability to adapt to current
health trends. As people are becoming more and more conscious about the unhealthy
food and the amount of sugar they are consuming, soft and sugary drinks are slowly
getting substituted by healthier options. Another healthrelated weakness for the
company involves the difficulty of improving their quality of their product without
affecting its famous taste. Coca Cola has been actively looking for healthy sugar
substitutes for years with no success. The current positioning of Coca Cola and its soft
drinks is both a blessing and a curse. A blessing, because everyone knows the brand and
the product it offers. This kind of brand recognition is something that every company
dreams of However, this weakness comes with the fact that Coca Cola already has a
certain reputation established for itself that is difficult to change. And, considering its
sugary drinks with mysterious and secret ingredients, it is certainly not the most positive
one.
If The Coca Cola Company closely monitors and responds adequately to current health
trends, they have a huge opportunities to increase their market share. And get an even
bigger chunk of the soft drink industry. Especially if they manage to find a healthy
substitute for sugar. Few major competitors considering the dominance of the brand
and only a few major competitors for these particular types of products, Coca Cola can
quickly introduce new products with the right Marketing strategy.
Although the company is quite dominant when it comes to soft drinks, a lot of other
healthier alternatives are arising on the market. Flavored waters, smoothies, organic
drinks, green juices, and so on are just some of the alternatives that people are starting
to prefer as they get more conscious with their health. Negative press and media
coverage although The Coca Cola Company is known for its brilliant Marketing
strategies and its incredible brand recognition, it also gets a lot of negative coverage for
being unhealthy. Indepth research, YouTube videos, and even articles from reputable
sources such as The Telegraph might cause serious harm in the long run.
TASK:
Use the same description of the Coca Cola Company for creating a MOST Analysis.
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