Strategic Analysis of Coca-Cola
Coca-Cola
This report provides information for Coca-Cola's Board of Directors and CEO on how well the company's mission, vision and value statements are communicated in two vehicles, the Company website and 2010 annual report. This report analyzes key components of the Company's strategic planning using management concepts identified by Michael Porter. Between the website and annual report, the Company's vision, values and goals are effectively articulated, while the mission statement needs improvement. This report recommends a better defined mission statement on the Company's webpage.
This report evaluates the Coca-Cola Company's published mission, vision, values and goals for the purpose of identifying areas for improvement. This analysis reviews the company's website and annual report for information on its mission and vision statements, as well as values and goals. The report also uses strategies developed by Michael Porter to gauge the effectiveness of Coca-Cola's mission, vision, values and goals in promoting its strategic planning efforts.
Analysis
Coca-Cola's Website
Coca-Cola presents its mission statement in a somewhat vague and disjointed discussion on its webpage Mission, Vision & Values (Coca-Cola Company, 2011). Under the heading "Our Mission," the statement declares their purpose but without identifying stakeholders, specific markets, or by defining their unique position. If the company's various stakeholders, particularly employees, were exposed only to this mission statement for a sense of purpose, they would gain only a limited sense of direction...
"Focus on the Market" identifies stakeholders and lists which markets the company serves and how it serves them. "Work Smart," "Act Like Owners" and "Be the Brand" all clarify ways in which Coca-Cola is distinct from competitors as well as provide specific direction on the company's purpose. There is little information however that would be useful for resolving tradeoffs between different business stakeholders.
Coca-Cola's vision statement is better articulated. It clearly describes what the Company and its stakeholders will look like when it achieves its goals. The heading "Our Vision" provides clear guidance for the Company's future courses of action regarding employees, the Company's portfolio, its partners, the planet, and company goals for profit and productivity .
"Live Our Values" offers a clear picture of shared beliefs among Coca-Cola stakeholders. It should be noted that in most cases, the company's values apply equally well to multiple communities of stakeholders. For example, accountability leads to satisfied customers and increased sales, greater employee job satisfaction, and increased shareholder value. The same can be said for quality, integrity and passion.
Coca-Cola's Annual Report
Coca-Cola's 2010 Annual Report (2011) provides more information on the company's mission which, even though specifically directed to shareholders, is enlightening. The Shareowners letter communicates the company's strategic plans for growth and expansion and identifies key…
