Reward and Pay Strategy for Employees of a Company
Assessment of the organization in terms of its organizational strategy, objectives, mission and values
Organizational strategy of Coca-Cola Company
As a large co-operate institution, the company looks at its future with a view to dominating the beverage industry globally. The company has recorded tremendous growth for the past few decades. The growth is never a normal escalation of production level but also an expansion, which is sustainable. The company focuses more on meeting its short-term commitments at the same time; it invests in meeting its long-term goals. The company aims to achieve its long-term growth in that, the long-term growth will aim allow the careers to flourish. The company is building fundamental strength in marketing its products and innovation. It drives increased efficiency whereby there will be real effectiveness where it comes to interactions with the systems and the generation of new energy thus through the company's core brands which focuses on wellness and health (Dransfield, 2012).
Mission
The world is always changing, and because such reasons, the company aims to thrive in the business for the next decade and over. The company is looking forward, and it understands the changing trends, which might shape the business in the future. In case of the changing trends globally, the company aims to move quickly and adjust to the changes, which might befall it. The company is always ready for tomorrow, and because of this, company has its vision in 2020. Long-term destinations have been set up by the business (Dransfield, 2012). The company's mission include, refreshing the world, Inspiring people's moments to happiness and optimism and to create a difference in the world by adding value into people's lives.
Values
The company's values act as a compass to the company's actions and clearly describe how the company behaves globally. The values include, Leadership whereby it has the courage to contour a better future. The company collaborates, integrates, and diversifies with other brands to its own benefit of producing quality products. The company is also passionate whereby it is committed in its heart and mind (Dransfield, 2012).
Analyzing the environment in which the organization operates with regards to industry and business life cycle among other aspects
For Coca-Cola Company, environment in running the company is fundamental in determining the success of the company. The external business environment is a key determinant to how best the company will succeed. External environment analyses all the possibilities of doing business. In this there has to be a consideration of available opportunities and risks in determining the business life cycle.
The coca-cola company operates under an environment that has both possibilities of making losses or profits. The profits that the company keeps gaining are because of the company's efforts to create a suitable business environment. The company has an environment full of competition (Saleem, 2010). Many other companies in the market today manufacture soft drinks. The only characteristic that sets coca-cola apart from these companies is that coca-cola keeps on growing. The company withers all types of competition thus manages to survive long in the market with a long business life and profits. The company produces a wide range of soft drinks, while other companies do not have this wide variety.
The coca-cola company is in all parts of the world. The company has the widest expansion rate since the company started manufacturing. This means the company takes available opportunities to expand. This is the best part of creating an enabling business environment to allow the company to have better results (Saleem, 2010). Despite the expansion, and taking advantage of available business opportunities, the company still puts to consideration risks involved in every new undertaking. This means the company identifies a market, and clearly studies it to determine how far the business will survive in case they venture in the market. Their main interest is to determine the nature of the business environment available in their new undertaking. They consider if the available market is agreeable with the products they sell, and in return work with the market to create an enabling environment.
Coca-Cola is the majority of the market share in the soft drinks industry. One of the reasons that have catapulted the company to this success is the internal environment. The internal environment includes the organizational culture of a company and in this instance; Coca-Cola has a superior one compared to the competitors. Unlike other companies in the same industry, Coca-Cola manages to maintain perfect relationships with other external parties as a part of its...
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