To flourish as a beverage giant, Coca-Cola continues to look at ways to expand globally that meets the needs and demands of its stakeholders. Recognizing audits conducted on behalf of another company reduces audit fatigue, reduces time and costs on the part of suppliers and shifts the focus from auditing to performance. Coca- Cola was established in 1886 when an Atlanta pharmacist, Dr. With Coca Cola as one of its clients, these suppliers stand to run and make a good profit and have continuous business. Being a large and well known company, They have several responsibilities and obligations to both the society and stakeholders. After the people it is the product.
Furthermore, the finished beverages are then vended to retailers directly or through wholesalers or various bottlers. This affects their competitor, , as well. Coca Cola Vision, Mission and Values Developing a vision is equally important. In order for Microsoft to maintain a successful sustainability, they have to give recognition to major stakeholders. Strategic management: A stakeholder approach. Finally, the company aims to offer support in communities where it operates by contributing to its welfare.
First, it is not clear who its customers are. These external stakeholders all have a stake in the success of Coca Cola. Around 75% of the coca cola revenue is international, and 53% are concentrate and syrup sales of Coke brands. Coca- cola operates in more than 200 countries, with 75% of profits coming from abroad Hoover, 2009. Coca-Cola, Coca-Cola Zero, Diet Coke 1619 Words 5 Pages Coca- Cola Bottle: Object Analysis The Coca- Cola logo is a very recognisable logo, when people think of the colours red and white they instantly think of Coca- Cola.
Operations: The operations function of Coca Cola includes concentrate development and all the administrative functions of headquarters. The competitive pressure from rival sellers is the greatest competition that Coca- Cola faces in the soft drink industry. The customers of Coca Cola include the grocery stores, restaurants, street vendors, convenience stores, movie theatres and amusement parks. Coca Cola Mission, Vision and Values: An Analysis Mission, vision and values all are important for running businesses efficiently and effectively. The first P is the people. We will use different communication methods to keep stakeholders informed and to seek their input on issues of common concern, such as environmental conservation and health and wellness.
Regarding its values Coca Cola states that they serve as a compass for its actions and describe how it behaves in the real world. When they launched their name campaign — putting real names on their bottles — customers lined up to take photos of bottles with their name on it. By proactively working together with external stakeholder partners, we are able to identify and address issues by bringing together the expertise, knowledge and passion of many organizations and individuals. At an international level, we are involved in multi-stakeholder initiatives, such as the United Nations Global Compact and the World Economic Forum, so that we can address pressing global challenges. Comments, suggestions and critiques on our sustainability practices and reporting are welcome. On the contrary, Coca-Cola is adopting a business strategy that primarily focuses on maximizing profitability and growth with an aim of enhancing its shareholders value.
Technological factors Machinery have helped Coca Cola manufacture products in better and higher quantities. The company operates in more than 200 countries and offers more than 500 brands. However, it does not own or control all its bottling partners. The company owns four of the top five soft. Equally, the company maintains appropriate documentation of their participation as per the industry or law best practices.
Equally, the Company always concentrates on the emotional communication with the masses in case a crisis arises. In the area of water stewardship, as our bottling partners implement their , they engage local stakeholders and collaborate on solutions that serve local communities and ecosystems as well as our business. Berkshire Hathaway, Carbonation, Coca-Cola 621 Words 3 Pages Why do you think Coca- Cola has had one ethical issue to resolve after another over the last decade or so? Environmental factors Coca Cola is affected by water accessibility. Coke centralized its concentrate production business and marketing and these aspects of the business would be run from Atlanta. The organization has been questioned in different areas of its operations from product to the relationship with workers. The variety of our stakeholders and the breadth of our reach means we engage in different ways.
The company, with a market capitalization of 8 billion dollars, It is the largest non-alcoholic beverage company in the Pacific circle. John Stith Pemberton, a local pharmacist. Additionally, the Company has embraced two-way communication strategy in case of a crisis, and it implements a continuous communication process during a disaster. As a result, the sale of sodas is declining because consumers are concerned about obesity and sugar. You can place an order similar to this with us. These two companies have undoubtedly dominated the markets. We aim to keep these groups informed about our product and to have constructive discussions with them on issues of common concern.