Cross Culture Perspectives of Coca-Cola Tyrone Norris ETH/316 March 25, 2013 Ann Marie Ronan Cross-Cultural Perspectives Coca-Cola sells in more than 200 countries and has been in business for 125 years. Coca-Cola also has almost 140,000 employees ("The Coca-Cola Company", 2011). Coca-Cola started in 1886 by a pharmacist named Dr. John Pemberton ("History of Coca-Cola", 2011). In the 1900’s Coca-Cola expanded its’ bottling operations in Guam and Europe. By the 1920’s Coca-Cola expanded its’ bottling operations to 10 other countries.
Emily Lesk brings out a great point that the Coca Cola Company goes out of its way to make the soda pop so great and tasty. “Coca Cola has existed since the late 1800’s and had a boom in the 1900’s and to this day has this appeal towards people” (Coco-Cola History). Coca Cola is the most common soda in stores, households, and restaurants. Emily Lesk explains how her Hebrew Coca Cola T-shirt attracts others’ attention. They
In 2002, Smucker’s acquired brands Jif and Crisco from P&G in exchange for $786 million stock swap. In 2004 it acquired International Multifoods with Pillsbury and Hungry Jack brands for $840 million. This trend accelerated with acquisitions of White Lily Foods in 2006, Eagle Family Foods in 2007, Knott’s Berry Farm jams, jellies and preserves in 2008. Also, in the same year the company made its largest acquisition when it purchased Folgers coffee from P&G for $3.7 billion. II.
Xi Guo Dr Pepper Snapple Group Inc. Introduction Dr Pepper Snapple Group is an American soft drink company, based in Plano, Texas. In 2007, there were 89% of company net sales are generated in the US, 4% in Canada, and 7% in Mexico and the Caribbean. (From Annual Report 2008) The energy beverage market is the fouth largest nonalcoholic beverage category, after carbonated soft drinks, sport drinks, and bottled water in the US. The energy beverage market is the fastest growing in the US. The characterize of the energy beverage industry 1, Industry The energy drink market has grown exponentially, with nearly 500 new brands launched worldwide in 2006, and 200 new brands launched in the U.S. in the 12-month period ending July 2007.
In 1898, Caleb Bradham wisely bought the trade name "Pep Cola" for $100 from a competitor in Newark, New Jersey that had gone broke. His assistant James Henry King, a young African American was the first to taste the new drink. In 1902, Bradham launched the Pepsi-Cola Company in the back room of his pharmacy and on December 24, 1902 the Pepsi-Cola Company was incorporated in the state of North Carolina. The business began to grow, and on June 16, 1903, "Pepsi-Cola" was officially registered with the U.S. Patent Office. At first, he mixed the syrup himself and sold it exclusively through soda fountains.
Coca-Cola is based in more than 200 countries; the first was in Atlanta, Georgia in America in 1886. Coca-Cola was originally intended to be a patent medicine in the late 19th century by John Pemberton. Coca-Cola was bought by Asa Griggs Candler, whose marketing tactics led to its dominance in the soft drinks market. In 2011 Coca-Cola was registered as the most valuable brand. Coca-Cola has tried to grow itself further by creating new products such as Diet Coke, Coca-Cola Cherry and Caffeine Free Coca-Cola.
Comparative Analysis Coca-Cola /Pepsi Chapter 2 A. Coca-Cola Company’s primary line of business is a beverage company. They own or license a variety of more than 500 nonalcoholic beverage brands including sparkling beverages, waters, juices, juice drinks, teas, coffees, and energy and sports drinks. PepsiCo, Inc.’s financial statements indicate they are a food and beverage company selling a variety of snacks, carbonated and non-carbonated beverages, dairy products and other foods. B. Coca-Cola has the dominant position in beverage sales. Coca-Cola’s net operating revenues for 2011 were $46,542 million comprised primarily of beverage sales.
A G Barr also acquired Forfar based Strathmore Mineral Water in May 2006. Another variant called Irn-Bru 32 energy drink was launched in 2006. With the success of these acquisitions A G Barr in 2008 purchased the Taut sports drink range. Reason for selection of the company In Scotland there is a tough competition between two soft drink giants Irn-Bru and Coca-Cola. Irn-Bru has been a well know soft drink brand for centuries in Scotland.
How does their accounting for inventories affect comparability between the two companies? (d) Which company changed its accounting policies during 2009 which affected the consistency of the financial results from the previous year? What were these changes? SOLUTION (a) Coca-Cola indicates its business is nonalcoholic beverages, principally soft drinks, but also a variety of noncarbonated beverages. It notes that it is the world’s largest manufacturer, distributor, and marketer of concentrates and syrups to produce nonalcoholic beverages.
Since Coca-Cola’s founding in the late 1886, and Pepsi’s founding in 1965, both Coca Cola and Pepsi have come a long way from their humble beginnings, and today employ over 100,000 employees worldwide and serve more than 1.4 billion beverages daily around the globe, and produce, market, and sell over 200 different products. In this paper we will look at the financial activities of Pepsi and Coca-Cola for 2004 and 2005. Specifically, the financial data that this report will focus on will be the; cash generated, investments, assets and liabilities and of course both companies debt to income ratios. The financial statements