Who are coca cola stakeholders. Change Management including Case Study on Coca Cola 2022-11-16
Who are coca cola stakeholders Rating:
Coca-Cola is a multinational beverage company with a wide range of stakeholders. These stakeholders include shareholders, employees, customers, suppliers, communities, and government agencies.
Shareholders are the individuals or organizations that own stock in the company. They have a financial interest in the success of the company and expect to receive dividends and capital appreciation on their investment.
Employees are also an important group of stakeholders. They are responsible for producing and selling Coca-Cola products, as well as representing the company to the public. They have an interest in the company's success, as it directly impacts their job security and opportunities for advancement.
Customers are another key stakeholder group for Coca-Cola. The company's products are consumed by millions of people around the world, and customer satisfaction is essential for the company's success. Coca-Cola must ensure that its products are of high quality and meet the needs and preferences of its customers.
Suppliers are another group of stakeholders for Coca-Cola. The company relies on a global network of suppliers to provide the raw materials and packaging materials needed to produce its products. It is important for Coca-Cola to maintain good relationships with its suppliers and ensure that they are treated fairly.
Communities are also impacted by Coca-Cola's operations, and as such, are considered stakeholders. The company operates in many different countries and has a presence in many local communities. It is important for Coca-Cola to be a good corporate citizen and contribute to the well-being of the communities in which it operates.
Government agencies are the final group of stakeholders for Coca-Cola. The company is subject to a variety of laws and regulations at the local, national, and international levels. It is important for Coca-Cola to comply with these laws and regulations, as non-compliance can have significant consequences for the company and its stakeholders.
Overall, Coca-Cola's stakeholders are diverse and have a wide range of interests and expectations. It is important for the company to manage its relationships with these stakeholders effectively in order to ensure its long-term success.
Stakeholder Coca Cola Analysis Essay Example (500 Words)
Every stakeholder has different set of objectives associated with the organisation. Shareholders and lenders can effect decision of organisation as they have significant interest and power. Then, when the team needs to communicate with those stakeholders, they can do it all in one place. The company should create a consensus on important change issues and with the agreement of all important stakeholders; it should launch the change management program. We work closely with our customers to improve our service and drive value-based relationships that lead to better business results and shared outcomes. Human nature resists change, so managing that resistance requires well planned change management strategies. It can also develop change management programs for better operations and logistics.
Organisation holding, transportation and storage costs are significantly influence by the rise or fall in demand. One of the ways this is done is through The Coca-Cola Foundation, our company's independent, international philanthropic arm. Coca-Cola also owns the brands and is responsible for consumer brand marketing initiatives. Coca cola research and development has produced product to meet the demand of customers and marketing development has increased over the years. The change management process, together with internal branding programs is expected to bring about ideal behaviors in employees, which would align the operations of coca cola worldwide, and bring about efficiency throughout coca cola across all its business segments.
Internal stakeholders of the Coca-Cola company The Board of Directors, Vice presidents, senior leaders, employees, and shareholders are the main internal stakeholders of the Coca-Cola company. The primary way that our products reach the marketplace starts with The Coca-Cola Company, which manufactures and sells concentrates, beverage bases and syrups to bottling operations. We primarily purchase ingredients from suppliers, rather than raw agricultural materials directly from farms. Coca cola has been meeting the legal and regulatory requirement nationally and internationally. According porter generic competitive strategies, Organisation can gain competitive advantage and it can outperform its competitor as being A low cost producer It involves producing goods at low cost, achieving economy of scale and cost cutting by lowering marketing, product development cost and responding to the market requirement. We seek to understand how our company can continue to deliver value, and generate real and actionable insights to respond to consumer needs.
The picture below shows how we will interact with all various groups of stakeholder. There are three phases of change management i. It was claimed that the region had faced water scarcity, while the Coca-Cola company was using 750,000 litres of water per day. Coca Cola is a type of company that requires making changes in its products and business strategies according to the consumer expectations and external environment. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. The company altered the packaging of its coca cola brand and developed more product lines and broadened them globally The Coca-Cola company case.
Coca-cola has live positively commitment attitude to make a positive difference in the world by redesigning the way they work and live so sustainability is a part of everything they do. Some of the resources problems are solved by the introduction of new technology as a substitute, where as other resource are still limited Dhillon 2007 Economic system is concerned with effective use of resources. One of the ways this is done is through The Coca-Cola Foundation, our company's independent, international philanthropicarm. The primary way that our products reach the marketplace starts with The Coca-Cola Company, which manufactures and sells concentrates and syrups to authorized bottling operations. Below are examples of our key stakeholders and the ways in which we engage with them. Our customers range from large stores like supermarkets, food service, and e-commerce platforms to smaller convenience stores.
The change management process Change management is being studied by the philosophers, researchers and business experts for many years. Earlier organisation has to compete nationally, now it has to compete with international player and that has overall structure of industry. In any business Government is always a major stakeholder as it holds significant power to disrupt organisation plans. As from the case of Coca Cola, its objectives includes Market leader in its industry Worldwide growth Provide reliable and quality product In order to achieve those objective, it has values which is based on teamwork, precision and bringing together its employee to strive to achieve its objectives. Vision statement just gives a direction for a business planning it does not tell how to get there, but it captures passion. These changes will be implemented within the business operations and management of the company.
Our engagements range from meetings with local, regional and national groups to ongoing dialogues with our bottlers, suppliers and consumers. In addition to its coca cola brand, Coca Cola Company offers 500 beverages and non beverages brands in about two hundred countries. Objective of Three Stakeholders Coca cola has achieved the objectives of its three important stakeholders Customers, it has provided quality product to its customers and put forward customers trust at top priority. We are able to create global reach with local focus because of the strength of the Coca-Cola system, which is comprised of our company and our bottling partners worldwide. D2 Single owner Business International trade and global economy has brought significant competition in the market.
Systems thinking Systems thinking can be used to guide the successful change in the organization. The main objective is to overcome incorrect practices of companies in gaining market share and making profits and forcing fair trading policies and anticompetitive practices. A mission statement should give an overall goal, define what the organization is, stated clearly, guide the actions, to the point, easy to understand and provide a sense of direction for an organization. We believe that is the best way to address a problem, have the greatest impact, and achieve the best outcome. We create socio-economic value for the societies in which we operate by creating jobs, training workers, building physical infrastructure, procuring raw materials, transferring technology, paying taxes, expanding access to products and services, and creating growth opportunities for our customers, distributors, retailers and suppliers.
A global list of published journal articles going back to 2008 reflecting research that The Coca-Cola Company has directly funded, either partially or fully, or authored, can be found below and is tabulated by subject area the lists exclude research undertaken by third parties such as trade associations. Working capital A certain rise or fall in demand put pressure on organisation working capital. The stakeholders can easily understand the mission of coca-cola and can work with passion to achieve its vision. As it is apparent from the growth and development of coca cola. Current structure of the coca cola company is simple with minimal labor and management division.