Coca-Cola's Strategies
Coca Cola's business strategy is built upon differentiation. It uses both types of differentiation, quality and branding, to set itself apart from its competition. The success of Coca Cola is literally built upon the strength of the Coke brand, even though Coca Cola now markets thousands of products in addition to the original Coca Cola. This branding has proven a significant source of the company's strength, as seen when one examines the brand in connection with a SWOT analysis of the company. However, when Coca Cola faces any type of threat as a brand, that threat can leave the entire company vulnerable. Moreover, the company's largest opportunities are in areas outside of its traditional soft-drink market.
Introduction
This paper will provide an internal overview of the business strategy employed by the Coca Cola Company, differentiation, and how it uses both a quality strategy and effective branding to set itself apart from competition. A quality strategy is where a company uses superior quality to set itself apart from competition. The secretiveness surrounding Coca Cola's formulations is an element of a quality strategy. Branding is where a company uses a recognizable brand to build familiarity, loyalty, and trust. The recent uproar over Coca Cola replacing its traditional red cans with white ones for the Christmas season is an example of how strongly the product is identified with its branding. However, while Coca Cola's differentiation strategy is the source of its greatest strengths, it can also expose Coca Cola to some vulnerability. The challenge for the company is to continue to capitalize on the strength of its brand, while incorporating other elements of business strategy...
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