Coca cola Company, Changes and challenges

Coca cola Company, Changes and challenges The main objective of this work is to provide necessary knowledge about business environment. To elaborate the demographic, cultural, political, social, environmental, technological, economical and legal environment where business function. It also explains the relationship among business, environment and society as well as how to adopt the changing environment in the organization. This paper will analyse the changes and challenges in Coca Cola Company in last five years and how company deal with them. 2. Introduction Environment means the influences, circumstances, constraints and opportunities that surround and affect business organization. There are two kinds of environment micro environmental factor and macro environmental factor. Internal factors close to the organization called macro environment. It can be controlled by organization. Micro environmental factor affects the company ¿Ã‚ ½s decision making process and performance. These factors include consumers, suppliers, and competitors. The external factors which affect organization ¿Ã‚ ½s plans and strategies called macro environment. It is uncontrolled by the business organization. Which includes Political, economic, technological, social, environmental and legal factors. These factors are outside of the control of business. New laws, demography changes, tax changes government policy changes are the example of macro change. The successful management must be capable to adapting to the environment. It is important for an organization to know about business environment it helps to a business organization to develop its strategies and long term policy, knowing about the changing environment will keep the organization dynamic in its approach. (Saikh 2006). Moreover, it is important for business organization to analysis business environment and changes in different factors of environment such as, change in technological environment, economical environment. In decision making process, organization analysis various alternatives and choose the best one. It gives information to decision makers. It helps an organization to develop strategies and policies, understanding about changing environment help to diversify the business in new area and keep company dynamic (Jain et al 2009). In addition, changing in business environment impact on organization by making effective use of PESTEL business organization can take advantages of changing environment and make strategic plans for threats. PESTEL analysis is the most popular method which focuses on external factors of business where it operates. It is beneficial tools for understand the growth and decline of the market, direction for the operations, opportunities and business position. SWOT analys is is a tool that recognizes the strengths, weakness, opportunities and threats of business organization. This analysis answer the two questions, where is organization at present? And In what direction organization is going? To identify of SWOT analysis is important for business organization because succeeding in planning process for achieving the company ¿Ã‚ ½s goal. 3. Organisation Description and background The Coca Cola Company is the most valuable brand name and world ¿Ã‚ ½s largest non alcoholic beverage company. This company was founded in 1886 in united state of America. Now it operates in more than 200 countries. Coca cola also distributes juice, energy drinks, water, and coffee. The company has partnership with more than 300 bottling and canning company worldwide. Who produce and sell coca cola beverages worldwide. The bottling partners are responsible for consumer brand marketing initiatives, handle manufacturing and merchandising. John pemberrtion invented the original recipe of cocawine. Which was inspired by vin mariani, a popular cocawine invented by Angelo mariani. John Pemberton developed coca cola which was non alcoholic version of cocawine. When Pemberton was making drinks for his friend accidently he added carbonated water. His friend liked the test and he adjusts the formula. In 1888 company sold by three companies. Calder purchased one company with exclusive rights to the cocla cola formula from Woolfolk Walker, margate dozier and john Pemberton cut out of competition. In 1982 company started marketing the product and achieved status of national icon for the USA by its 50th anniversary. Coca cola started sold bottles in 1894 and cans in 1955. In 1899 Coca Cola Company made first bottling agreement with Chattanooga and Tennessee. In 1985, company introduce new coke by changing original formula. Most consumers preferred the test of original coca cola. Many people stop to buy the Product then company sh ift back to its original Formula. 4. Coca Cola Business Environment Over the past years, Coca Cola Company has faced lots of changes in the business environment. Company create counterpart with American sweet test product however, it was commercial failure and coca cola change its strategy and return back to its old formula. Consumers become more health conscious then company lunch new product to address consumer needs, such as diet coke and coca cola zero. Company bought bottling business in South Korea which allow to access in retail store as well as makes easy to entry in Japan, Malaysia and china. Moreover, china is now largest coke consumer in world. In 2007 coca cola output of coke in china was 3.6bn tons and it was export 15.3 m tons. By the end of 2007 coke total production in china was 360 million tons. In addition, from 2008 to 2009 company introduced new plant which capacity was 20 million tons. The target of china ¿Ã‚ ½s coke industry is export large quantity of production countries such as, India, Brazil, Belgium and Japan. In 2007, china export to Japan 22% of its total production. This report shows development and positive change in environment of coke ¿Ã‚ ½s industry in china. (China daily, newspaper website) 4.1 Political factors: Coca cola, the non alcoholic beverages falls in the category under the FDA (food and drugs administration) and government has power to set fine for the coca cola company that didn ¿Ã‚ ½t meet their standard law requirement. The charges in laws and regulations, such as taxation requirements, environmental laws and foreign jurisdictions can affect to their entry in foreign land. The changes in non alcoholic beverage Business Company might get pricing pressures, competitive product and their ability to maintain the share in global market. In international market if government change frequently their might be restriction to transfer funds from one country to another. However Coca Cola Company is fallowing the rules and regulation set by government. Since last two years government is so conscious about the environment. Company adjustments in planets and proper way of wastage settlement the chance of affected by the protection laws are decline. Political conditions are overall leave natu ral effects on coca cola industry. It impact good for the cock ¿Ã‚ ½s reputation. 4.2 Economical factors: Economic analysis explores national and world economy impact as well as inflation and recession. Economic factors are those factors that affect the production and sales of the company. If the economy condition is not good at that time coke decide to increase its price it would impact very negative in the production of Coke. Non alcoholic beverage industry has highly sales outside the USA. There has been improvement in soft drink Company in major international markets like Brazil, Germany and Japan. These markets play great role to growth of non alcoholic industry. The country like Pakistan where is the unemployment rate is very much high. In Pakistan coca cola company employs1800 people. During the last two years, the company in Pakistan has involved $130 million. If economic variables are positive of country it impact good otherwise the impact is bad. 4.3 Social factors: Many people are spending healthier lifestyle. Change in lifestyle, population growth rate and carrier attitudes affect non alcoholic industry so that many people like to have bottle water and colas instead of beer. The need of healthy products, bottle water, and juice is more important in the daily life. Consumers from the age of 37 to 55 are more concerned with nutrition. Older age people are becoming more concerned with increasing their long life. This kind of social trend can affect on demand of non alcoholic beverage industry. Increase in awareness among consumer and modern life style might be challenge to the coca cola company. However, company recognized the consumer ¿Ã‚ ½s needs and began to produce diet coke, like beverage, juice and sport drinks. Many nutritionists advise that maximum consumption of coca cola might be harmful to health especially to young children. Drinking of coca cola daily can effect on health after few years. 4.4 Technology factors: The technology of television and internet which affects companies advertising, marketing and promotional programs. Media advertise product attractively it helps to increase sales of the product. Introduction of plastic bottles and cans have increased the sales of coca cola. It is easy to use and bin them. The advancement in technology led to company crate new product like cherry cock in 1985 but consumer prefers original test of coca cola so that some time technology can affect badly. Coca Cola Company introduces new technology all the time because of introduction of new machine company ¿Ã‚ ½s production level increase tremendously. Ardagh glass is the latest technological achievement by Coke Company which is environmentally friendly bottle. It has won several awards for its light weight. 4.5 Environmental factors: Coca cola focused on energy management, water stewardship and climate protection. The company made progress in these areas but company has lot of things to do. In 2007, company used approximately 300 billion liters of water to produce beverage coke is among the world ¿Ã‚ ½s largest purchasers of fructose corn syrup, sugar, coffee, citrus. It has largest consumers of cans and bottles. At the same time company announced to return to communities and nature. An amount of water equal how much company used to produce their beverage. Now company has three objective 1. Recycle the water so it can be return safely to the environment. 2. Reduce the water consumption level in manufacturing process. 3. Refill the water in communities through a global network of local partnership. While the coca cola come up with advance recycling programs company decides through education they can prevent Littre. Company support keep Australia beautiful in Australia, keep America beautiful in USA and tidy Britain group in Britain. Weather and changes in temperature can affect many industries such as coke. Company also invested on fashionable outfits which are made by recycle polyethylene terephthalate bottles. 4.6 Legal factors: Laws, political changes affect firm ¿Ã‚ ½s behaviour. An increase in the minimum wages of labour and more requirements for firms can influence organisation productivity. Sometime change in laws also creates new opportunities for the company. There are some legal issue that Coca Cola Company had faced in recent years. In 1970 ¿Ã‚ ½s coca cola company refuse to share its formula to India therefore company stop to product locally for 16 years. EU member ¿Ã‚ ½s countries ban the coca cola due to the poisoning of 100 children in Belgium and cause seems to be wrong carbon dioxide which was used in coca cola. In 2003, non government organisation in India said coca cola contained toxins with lindane, and malathion that may caused breakdown of immune system and cancer. In India (kerala), the production of coke along with other soft drinks was banded. 5. Changes and Challenges: The non alcoholic industry is competitive. Company should carefully consider below factors which affect financial condition and its future result. Awareness may reduce demand of coke: Government officials and consumers are more concerned and aware about health. Many press reports indicate that lawyers and consumer advocates have threatened by company. Furthermore, misleading exercise related to contract to sell soft drink in school. Consumers are more aware about these issues and negative publicity in media may reduce the sales of carbonated beverage. Increase in competition: The non alcoholic beverage industry is highly competitive. Coke have to compete with international companies as we as local companies where it function. In many countries where coke operates including USA, Pepsi is a primary competitor in the market. Coke ¿Ã‚ ½s capability to maintain the sales of share or get profit in the global market or various local markets may be limited because of competitors. Water scarcity and poor quality Water is main ingredient for Coca Cola Company. Many part of the world it is also limited resources. Company consume huge amount of water per year. Demand of water increase around the world and quality of available water decline this will increase the production cost of the company and affect on profit. Change in non alcoholic beverages business environment: The business of non alcoholic beverage has been changing because of Consumers life style, emerging views of health and nutrition, changing consumer needs and preferences, increase in similar products and price factor. Furthermore, the beverage industry is being affected by the intermediates, especially in USA and European countries. If Coca Cola Company is not able to change along with changing business environment it will effect on company ¿Ã‚ ½s profit and sales of share. Increasing in cost of energy: Coca cola Company ¿Ã‚ ½s bottling partners operates huge number of trucks and other vehicles as well as they use large quantity of electricity, gas and other energy sources to function the bottling company. Day by day price of fuel is increasing it will increase in the production cost of coca cola company. So it will affect the company ¿Ã‚ ½s profit. Weather condition: Weather influence the sales of the coca cola where company function. In summer more people prefer cold drinks such as juice and sprite however, in winter the demand of product decrease. Some part of world where most of month ¿Ã‚ ½s temperature is always high in those places consumption of coca cola is maximum. Change is important, long-lasting and disruptive Changes in company create some opportunities as well as challenges in new areas of business. Such as, lunch fresh product in the market, company might encounter with economic crisis and to change the direction of the organization. Change is continuous process to adjustment: Change in plans strategies and operations are important for company. Furthermore, sharing these changes to managers, supervisors and all level employees make able to them adjust properly to face the changing environment. Moreover, change is an essential phase in the business world mainly in technology. Use of technologies in coca Cola Company reduces the operation cost and increase the profit of the company. There are so many situations company need to change such as advancement in technology that is being used by other similar companies to compete with them company should adopt the technology. In 2007 coca cola modify their product due to people are more concern about health and fitness. Many people are investing more money in their health in order to cope with that trend coke lunch their new product named Enviga, which is calories burning drink. In addition, Coca Cola Company is ties up with Nestle. Both companies are dealing with invation and change. In same year, company change in organisational structure to fulfil the demand and need of the consumers through assimilating with North American can, bottle and juice company. 6. Conclusion: The coca Cola Company keep on refresh everybody its touches. The product of company has multiply to approach of cultural gratitude and understand, this is main key factor that company introduce its product worldwide. Company entry and development in international market will be faster. Coke ¿Ã‚ ½s commitment to remain at changing environment proved that they are the superior among other non alcoholic product. Awareness of environmental issues and health care might impact on the sales of the company however; creative idea and strategy help to grow the business. Coke has developed the entire vital component to expand their business in long term. 7. Recommendation Reward system is an effective technique to motive employee in changing environment of the organisation. Coca Cola Company should apply reward system to its employees so that it will increase in productive and sales. Reward system can be financial or non financial nevertheless, company have to give fair importance to all level employees. Reward system of coke must be functional to make employees devoted to organizational goals. In addition, Training and development programme must be use to groom career of their employees at top to bottom level. Coca Cola Company has to declare some amount of money for training and development purpose. Monthly training session raise the productivity of the organization. Relationship with consumer is vital for Coke Company in some country where Business is controlled by the authorities, in those countries there is a lack of consumer relationship which need to improve. Coke need to market segmentation in new country where company is planning to introduce the product because consumer ¿Ã‚ ½s need, test is different from another country. By doing market segmentation company can serve effectively to its consumers. Demographic factor should be considered by Coca Cola Company. Culture, tradition and characteristics of consumer in new country might be different; it gives information to the company to change certain plans. There are some factors such as climate, test and culture Affect Company directly or indirectly so individual company need to apply their own strategic and management style to increase the sales of coca cola.  ¿Ã‚ ½Dividing a market in to direct groups of buyers who might require separate marketing mixes; the process of classifying consu mers into groups with different needs, characteristics and behaviour ¿Ã‚ ½ (Kotler, 2001). Ref. Sheikh, s.2006 Business environment press sanat printers New Delhi By TR Jain, Mukesh Trehan, Ranju Trehan 2009 business environment(http://books.google.com/books?id=AgWNmP4blhoCpg=PA21dq=what+is+business+environmenthl=enei=WRdcTM-lKIi74gaos5HwAQsa=Xoi=book_resultct=resultresnum=3ved=0CD0Q6AEwAjgK#v=onepageqf=false Kotler, P. and Armstrong, G. (2001). Principles of Marketing (9th Ed.). Prentice-Hall India Kotler, 2001 p. 46). http://www.thecoca-colacompany.com/investors/pdfs/10-K_2005/Coca-Cola_10-K_Item_01ab.pdf By TR Jain, Mukesh Trehan, Ranju Trehan 2009 business environment(http://books.google.com/books?id=AgWNmP4blhoCpg=PA21dq=what+is+business+environmenthl=enei=WRdcTM-lKIi74gaos5HwAQsa=Xoi=book_resultct=resultresnum=3ved=0CD0Q6AEwAjgK#v=onepageqf=false http://www.chinadaily.com.cn/business/2009-07/13/content_8420666.htm

Just In Time Systems Essay -- essays research papers

Devising an efficient system of counting and maintaining a stock of inventory items has long been an arduous task for many business owners. The old method of cataloging by part or item number has all but disappeared since the proliferation of electronic catalogs and the use of computer software and web-based ordering/monitoring systems. Inventory management is necessary for owners who want to maintain a stocking service for quick turnaround to help ensure total customer satisfaction. An item on a managed inventory list must be maintained to avoid shortages of frequently used items. Even when utilizing an inventory management system, occasional shortages will still occur. To be successful in today's fast-paced, highly-competitive environment, business’ need to have the necessary parts in stock or have reliable suppliers to meet customer demands at a moment's notice. Either way, shops must have a practical, efficient method for managing inventory in order to stay in business an d satisfy their customers. The most efficient way to get this done is through the use of a Just-In-Time (J-I-T) system of inventory management. The service that Cardinal Health provides is an example of this type of J-I-T system which allows them to get the right quantity of goods to the right place and at the right time. Efficient inventory management is essential in order to provide the customer with a high level of service. The ability to ship inventory on schedule and get just the right amount of product where it needs to be in a timely manner is one of the major factors that helps determine customer satisfaction. Consumers do not like to wait in lines, come back later, or shop somewhere the product is often out of stock. These are the types of problems that lead to a customer walking across the street to the find a particular product somewhere else. In addition, efficient inventory management leads to a more cost-efficient operation (Reid Ch 12, 2002). The goal is to keep inventory on the shelves for the least amount of time as possible. This prevents a high percentage of capital from being tied up in inventory. Through the use of automation and computer based systems, companies are able to control their inventory based on real-time needs instead of historical projections. This helps reduce the g uess work in how much inventory to stock and when to stock it. Regardless of whether or... ... out without the hassle of long lines or confusion. This is directly related to how the inventory is managed throughout the supply chain. Just-In-Time inventory management is an attempt to create the perfect inventory system. The idea of getting the right product to the right place and at the right time is at the core of this system. Although not always perfect, the goal is to identify problems and always strive to make it better. This can only be implemented through the use of automation and technology. Cardinal Health has integrated handheld technology, wireless web, the internet, and many other cutting edge technologies to provide just this type of service. They provide inventory management that is flexible, relatively simple, and gives power to the consumer to help control inventory based on what is actually needed instead of historical models or guesswork. REFERENCES Frederick, James (2003). Upgraded distribution network grows supply chain, inventory capacity. Drug Store News, pg 15. Reid & Sanders (2002). Independent Demand Inventory Management. Operations Management, Ch 12. Reid & Sanders (2002). Just-In-Time Systems. Operations Management, Ch 7.

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With a lot of people oh have to get used to your body changing with girls,progesterone, breast get bigger, getting their period and how to adapt to that, and also getting hair at places. With guys you getting hair in places you never had hair their before,like pubic area, under their arm pits, and legs and arums. Guys get a lot taller and more muscle, testosterone, estrogen. For some teens this is very embarrassing for them and might get picked on and be teased all the time, especially if they are growing more mainly or womanly faster than anyone else.Now that they are experiencing this they might also find out to be attractive to the opposite sex and this can be a challenge for them. .2 How and when is peer pressure harmful? Can it ever be helpful? Why? Peer pressure is harmful when you can reflect on yourself to teach you good things and encourage you to follow them. Like if you are with someone who is peer pressuring someone else you can see what not to do to someone. Or if you se e someone is studying in the library and tells you it's a good place to go to study now you feel the pressure to go and check it out yourself.I think It can be really helpful in ere pressure Just depending on what the situation is. As long as it nothing bad where you getting pressured on something you don't want to do,or you now is not right to do. Its good because someone can pressure you to do something good not bad. For example someone pressures you to go to a Job interview that you don't feel like you will get the Job, next thing you know you go because they pressed you to go and you get the Job. .3 What types of changes occur in the brain in late adulthood?The type of changes that occur in the brain in late adulthood are your brain effects he physical activity, their memory starts to forget things, day to day that they are used of doing for years,but the semantic memory improve more with the age but when they get to their ass is than start to decline again. It takes late adulth ood longer to process memory and they find ways like strategies to learn ways to remember things for them. Your brain in the late adulthood gets smaller in size Just because your brain takes in so much knowledge from over the years.The older you get your brain can get Alchemies disease and what that is you forget more and more each ay, you lose a lot of your brain functions during this diseases, this diseases is something that will be with you for the rest of your life until death informational. .4 Why is novel problem-solving particularly difficult in late adulthood? Novel problem-solving is particularly difficult in late adulthood because you brain are slowly losing there functions. So when your viewing a problem-solving it in late adulthood you tend to forget things all the time the older you get.When trying to solve those type of thing you brain might forget what you where trying to solve that robber in the first place. For example like the Alchemies diseases you tend to forget things and your brain is pretty much slowly going to Just shut done and that's it. Novel problem-solving part in your brain Just deteriorates when you get older. When your older with this too you lose things like vision, attention and motor memory which is not good when you get elderly, sometimes and a lot of older people don't even realize it or want to believe it when It happens to them. This tends to be a problem-solving for the elderly.

Descriptive Essay - A Salty Adventure - 859 Words

A Salty Adventure â€Å"Ahek-Ahek† I coughed, choking on the salty water. By the time I could hold onto something, I was swept under the surface of the ocean again. The salt stung my brown eyes. I tried swimming towards the surface of the ocean, but my legs felt like steel rods. It felt as if I was dreaming and this all has been just a dream. That’s when it all came to my mind again. My family likes to come to Hawaii during winter break, escaping the chilly weather back at home and enjoying the sun here. â€Å"Saumya, you should try to learn something new this year? Like snorkeling, scuba diving or maybe even kayaking?† Dad said, flipping through the pages of the book Adventures in Maui (Call to Adventure). Snorkeling? No way could I do those†¦show more content†¦I felt the sun scorching my neck as I paddled away from the beach. The sky was bluer than blue topaz, the ocean was warm and wet. The aromatic ocean air drifted to my nose. I noticed that I seemed to be slower than dad and our instructor. Instantly, I started to paddle faster. I looked at the ocean, its majestic beauty that seemed to be hidden until I experienced the ocean for myself. We were an hour into our trip when I started to hear the sound of laughing water. I looked out towards a big wave that dad and little brother battled through. My heart jumped at the sight of the wave, rolling in towards me. I heard the hissing of waves inching closer to my kayak. I looked towards the side of my kayak, leaning myself far over the side. My kayak tipped over into the ocean (Crossing the first threshold).The cold water hit me like a wall. I started to panic as the ocean swallowed me underwater (Calypso’s Island). I got to the surface of the water, frantically trying to get hold of my kayak. Cold waves splashed on my back. The wind roared, making me feel very cold. The capsized kayak bobbed up and down like a runner’s short ponytail. Just as I grabbed my kayak another wave rolled in (Poseidon). â€Å"Ahh!† I screamed at the top of my lungs. My arms and legs tingled with the thought of an underwater creature dragging me down into the deep waters. â₠¬Å"This is just like how I expected it to be,† I think as I anticipated a shark jumping out of the water and eating me. I gotShow MoreRelatedSummer1866 Words   |  8 PagesSUMMER (Descriptive Essay)   Ã‚  Ã‚  Ã‚   Everyone has a comfortable place to escape to for relaxation.   They go there when they need to be alone and not with people to disturb them.   My place is nature in the summer.   The summer time relaxes me like no exact place could.   Nature, in the summer, relaxes me with its naturedness.   Ã‚  Ã‚  Ã‚   I love sitting in the grass and listening to the nature sounds around   me while its summer.   One of the sounds I tune to first is the sound of the birds singing and chirpingRead MoreDeveloping Management Skills404131 Words   |  1617 PagesCoaching and Counseling 244 Coaching and Counseling Problems 245 Defensiveness and Disconfirmation 246 Principles of Supportive Communication 247 Supportive Communication Is Based on Congruence, Not Incongruence 247 Supportive Communication Is Descriptive, Not Evaluative 248 Supportive Communication Is Problem-oriented, Not Person-oriented 250 Supportive Communication Validates Rather than Invalidates Individuals 251 Supportive Communication Is Specific (Useful), Not Global (Nonuseful) 253 SupportiveRead MoreFundamentals of Hrm263904 Words   |  1056 PagesCut Scores and Their Impact on Hiring 173 Validity Generalization 175 Employee Development 191 Employee Development Methods 192 Job Rotation 193 Assistant-To Positions 193 Committee Assignment 193 Lecture Courses and Seminars 193 Simulations 193 Adventure Training 194 Selection from a Global Perspective 175 Final Thoughts: Excelling at the Interview 175 Summary 177 Demonstrating Comprehension: Questions for Review 177 Key Terms 178 179 HRM Workshop DID YOU KNOW?: Training Expenditures 194 Organization