Coca Cola Company is one of the business organisations facing a fierce competition in the global market with Pepsi, its major competitor, in addition, the company has to deal with the significant threats such as a health concerns, apparently an increasing trend among society nowadays. This trend has posed a tough task for beverage manufacturers, especially the Coca Cola Company. Over the past few years, a great many strong and innovative strategies has been launched so as to maintain its long term sustainability amongst the fast changing trend.
Operating in widely differing countries, on three continents, in various economic and regulatory environments, we have long recognised that strong governance and effective leadership are of critical importance to the Group in order to achieve our strategic goals.
Our commitment to best practices in corporate governance plays a key role in managing our risks and opportunities and maintaining the trust of our stakeholders.
Recognising the value of effective corporate governance, we have regularly monitored and adopted best practices since the Group was formed. The corporate governance regime applying to the Company, which is a Swiss corporation listed on the London Stock Exchange with a secondary listing on the Athens Exchange, and our compliance with such rules for the year ended 31 Decemberare described in detail in the section in our Integrated Annual Report entitled Application of UK and Swiss Corporate Governance Codes and the UK City Code on takeovers and mergers.
These include risks associated with currency volatility, geopolitical instability and adverse macroeconomic conditions. Our governance framework is designed to ensure appropriate oversight and challenge.
Meetings take place in Zug, Switzerland, but also in certain of our markets, in order for the Board to interact with local senior management and learn about their challenges and the way they are operating at a local level.
This year we chose to hold our June meeting in Russia, which represents one of our biggest markets. Appointments and Board composition Duringthe Nomination Committee reviewed the composition of the Board to ensure it has the appropriate balance of skills, experience, independence and knowledge in order to discharge its duties and responsibilities effectively.
The Board has concluded that Bill and Reto are independent in character and judgement and that they meet the independence criteria of the UK Corporate Governance Code. Board evaluation In line with our commitment to adhere to best corporate governance practices, an external Board effectiveness evaluation was conducted in the second half of We will also run an internal evaluation in to build upon the learnings of the evaluation.
We will continue to keep the composition and size of the Board under review. We believe that our Board is well balanced and diverse, with the right mix of international skills, experience, independence and knowledge. Diversity The Board is committed to recruiting Directors from different backgrounds with diverse skills, personalities and experience.
Further details of our approach to governance and our key achievements this year are described within our corporate governance report in our Integrated Annual Report.Mar 22, · Coca-Cola uses the differentiation strategy to make themselves unique and separated from other companies.
By using the differentiation strategy, Coke creates a product and service that is unique and valued.
Corporate level strategies of Coca-Cola Company is following— Corporate Level Strategy Page of Coca-Cola Company Each of its operations linked to the others Coca-Cola characters. the firm depends less on a single products so it is less vulnerable to competitive or economic threats.
the Coca-Cola leslutinsduphoenix.com rating: 4/4. · Coca-Cola is the official soft drink of many collegiate football teams throughout the nation, partly due to Coca-Cola providing those schools with upgraded athletic facilities in exchange for Coca-Cola's sponsorship.
This is especially prevalent at the high school level, which is more dependent on such contracts due to tighter leslutinsduphoenix.comd products: Pepsi, RC Cola, Afri-Cola, Postobón, Inca Kola, Kola Real, Cavan Cola.
Corporate level strategy Coca-Cola Company is now the largest soft drink company in the world.
Moreover, the company has become the largest manufacturer, distributor, and marketer of non-alcoholic beverage concentrates and syrups which operate in more than leslutinsduphoenix.com://leslutinsduphoenix.com Coca-Cola is a consistent major sponsor of the World Cup.
Buda Mendes/Getty Coca-Cola went from a cocaine-infused elixir in to a ubiquitous sugary drink by Localisation Strategy Coca Cola Company originally comes from a Western Culture. As such, it is a difficult task for marketing professionals to adapt its own strategy to the Asian markets with its uniquely oriental way of life.