Considering all the information presented in the research methods
section it can be concluded that the best and most appropriate method to be
utilized for the Coca Cola Company is to combine all these methods. Research
agency needs to collect quantitative information about the company through
reviewing its annual reports and financial statements thus agency would be able
to understand fluctuation in the prices and expenses etc. While the
agency needs to collect information about buying behavior and perceived values
of the customer through qualitative research methods. Somehow, the agency needs
to develop a plan for focus group also to collect maximum secondary information
about the customers of Coca Cola Company only then authentic and reliable
information about customers can be originated.
Indication of Reporting and Presentational Requirements Timing and
Budget of Coca Cola Company
Coca-cola faced multiple lawsuits concerning
with the serious type of Criticism. Before the criticism, the product was
ranked on the first. Coca-Cola employee diverse range of system that deals with
Integrated Marketing Communication, direct marketing of the product, sales and
promotions, web-based media, and social media. Currently, the company is considering
all the touchpoints for the consumers and prospective consumers for potential
delivery channels as well as for the communication system with the
customers. All the sets of industry and
benchmark products presented on the social media of the Coca-Cola Company are
universally recognized. The system defined for the customer is consistently
associated with the unified messages, product interaction, social, cultural,
and online interaction of the customers with the products.
Sales and promotions strategies
used by Coca Cola are directly associated with branding and services. Coca-Cola
is using the golden rule for the following customers. One of the biggest plus
points of Coca-Cola is a customer-centric approach that deals with the strongest
way of branding and appropriate management. The company is employing strong
category management principles the deals with an effective range of products
and time as well as budget management. The management category is involving the
multiple numbers of procedures across multiple categories with an accurate
decision-making process. Suppliers are investing money and time in all category
processes. The incredible and granular process for accurate decision is under
major management principles. Coca-Cola is permanently experiencing social
impact and impact of new technologies that initiate sustainable and unique
challenges. The improved budget and timing are providing Healthcare opposite to
the audience. The business objectives of the Coca Cola marketing plan are to
develop decision-making Strategies for action plans, budgets, marketing
objectives, and business. Coca-Cola utilizes marketing budget to identify the
needs of customers. Coca-Cola is having good brand equity and time to time
product innovation.