Coca Cola Analysis

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Coca Cola Case Analysis The Coca-Cola Company got its start on May 8, 1886 when John S. Pemberton created and served the drink at a downtown Atlanta, Georgia soda fountain called Jacobs’ Pharmacy. By 1892 Asa Candler had acquired personal control of the formula and patents from Mr. Pemberton and partners; allowing Mr. Candler to incorporate The Coca-Cola Company in the state of Georgia. The history section of the Coca-Cola Company website shares many factoids. Did you know that if all the CocaCola ever produced were to cascade down Niagara Falls at its normal rate of 1.6 million gallons per second, it would flow for nearly 83 hours? The main activities of the company are manufacturing the cola, marketing the brand, and distribution of the concentrate or syrups. Licensed bottling companies process the distillate and package the end product for distribution to wholesalers and retailers. The budget for advertising Coca-Cola began relatively modestly at $11,000 in the late 1892. Just nine years later that budget grew to almost 10 times that amount. Respected celebrities, such as performers and athletes appeared in nationwide promotions for the cola. In 1911 marketing costs reach $1 million. Last year the advertising budget was $3.499 billion. Today, The Coca-Cola Company, as the world’s largest beverage company, reports that they have diversified into over five hundred different drink brands that they license and market in over 200 countries throughout the world. Some of the brands include: Coca-Cola, Diet Coke, Sprite, Fanta, Simply Orange, Odwalla, Barq’s Root Beer, and Powerade; to name a few. A STEEP Analysis is “the scanning of Sociocultural, Technological, Economic, Ecological, and Political-legal environmental forces” (Wheelen et al., 2015, p. 94). It is used to examine the external environment influencing a company. Sociocultural: Each market

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