Coca-Cola was founded in 1886 and is now the world's leading manufacturer and distributor of non-alcoholic beverages, operating in over 200 countries with over 230 brands. Coca-Cola has become one of the most recognizable brands globally due to billions spent on promotion and developing their trademark. They utilize individual brand management strategies for major products like Sprite and Fanta. Their marketing strategy focuses on listening to customer needs worldwide and producing beverages for every community, establishing Coca-Cola as one of the most successful brands through their marketing mix and customer services.
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Coca-Cola Brand Positioning
Coca-Cola was founded in 1886 and is now the world's leading manufacturer and distributor of non-alcoholic beverages, operating in over 200 countries with over 230 brands. Coca-Cola has become one of the most recognizable brands globally due to billions spent on promotion and developing their trademark. They utilize individual brand management strategies for major products like Sprite and Fanta. Their marketing strategy focuses on listening to customer needs worldwide and producing beverages for every community, establishing Coca-Cola as one of the most successful brands through their marketing mix and customer services.
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BRAND POSITIONING OF “COCA-COLA”
THE COMPANY
The Coca-Cola Company, founded in 1886, is the world leading
manufacturer, marketer and distributor of non-alcoholic beverage concentrates and syrups. It currently operates in over 200 countries worldwide and is most famous for the innovative soft drink, ‘Coca- Cola’, but can now boast in the region of 230 different brands.
THE POSITIONING AND BRAND MANAGEMENT
STRATEGY OF THE COCA-COLA
The Coca-Cola brand has turned out to be one of the most
recognizable and a popular brand of all times and their beverage company is among the world’s largest beverage companies. They have become a successful brand since they have used a number of different brand management strategies depending on the market situation and target market. The strategies include hybrid, manufacturer, individual, private, family and generic brand management strategies. However, the most utilized brand management strategy she used is the individual brand management strategy since all of their major products have individual brand names, like Sprite and Fanta. Coca-Cola’s world-wide recognition comes from the fact that they have spent billions of dollars to promote and develop their trademark and brand name. Due to this today more than 95% of our global population recognizes Coca-Cola along with their special writing and their prominent red and white colour. THE MARKETING STRATEGY OF THE COCA-COLA
The marketing techniques used by Coca-Cola allow them to listen to
the needs and demands of the people all over the world who want beverages that extend over a wide variety of occasions and tastes. Their marketing strategy has allowed them to produce great beverages which contribute towards each and every community of our world. Their marketing techniques display their commitment towards diversity, health, education and wellness, thus establishing them as one of the most successful and powerful brands of all time. Coca-Cola’s marketing techniques consists of an extremely efficient marketing mix strategy combining product, price, promotion and place. They also provide the customers several services, like movies and holidays, allowing the consumers to be completely satisfied.
HIGHLIGHTS THE UNIQUENESS OF THE CONSUMER
Coke ensures that is creates its visual advertisements keeping in
mind its target audience. The beverage has no age bar and ‘that’, the beverage company keeps in mind! Coca-Cola creates ads that cater to a wide segment of the population, ensuring it yields justice to them one at a time. For example, coke had a ‘not-so-wide’ market in Australia and thus the company decided to create a video ad that let the Australians know that they were important to the company, again keeping up with their motto - SPREADING HAPPINESS AND SHARING.
CONCLUSION
Thus, for individuals looking for high-quality beverages, Coca-Cola
offers a wide range of the most refreshing options — each creates a positive experience for customers when they enjoy a Coca-Cola brand drink. Unlike other beverage options, Coca-Cola products inspire happiness and make a positive difference in customers' lives, and the brand is intensely focused on the needs of consumers and customers.