Before introducing any new product in the market, for this, they
must have to research on this product. This shows that in any high business
organization like coca-cola, there is a need for market research. It is also
one of the most important marketing function for the organization. Without
market research, any successful business idea is totally impossible. The
research will help the organization to get important and valuable information
about the different factors that are playing an important role in the profit of
Coca-Cola. Coca-Cola not only has to do research on the market also the fiancé
and raw material information for the betterment of the Coca-Cola. This is the
reason why market research is extremely important for Coca-Cola before
introducing any product (Kozinets, et al., 2010).
Strategy of Coca-Cola Soft drink Company
The next step after complete and comprehensive marketing
research is to make a strategy. In this strategy, the marketing manager of Coca-Cola
has to judge all required strengths and weaknesses in different business
operations. The data that is collected from the research analysis will be
analyzed. This data will help the line manager to make an idea for the
strategies for the betterment of Coca-Cola for the future. Then the manager
will analyze all of these strategies in detail, and then on the basis of these
strategies, Coca-Cola is able to apply any change. It can be seen that these
strategies will help Coca-Cola to compete with the market in a proper way and
get success in the market environment (Phadermrod, et al., 2016).
Planning of Coca-Cola
Soft drink Company
This would be one of the most
important and useful steps for Coca-Cola if they wanted to stand in the market
for a long period of time. For introducing a new product in the market, Coca-Cola
has completed proper marketing research and also makes valuable strategies. Now
they have to plan the product. The reason is that it is one of the key functions
of marking. There is a number of factors that are present in the marketing
department, like financial planning, distribution communication, and
forecasting sales. For this, the line manager of Coca-Cola will work on
different important factors that will help Coca-Cola to introduce successful
change in the organization. The planning department of Coca-Cola will help to
make a proper timeline for planning important strategies for Coca-Cola. Through
this, it will become extremely easy for Coca-Cola to introduce a new product in
the market (Quinton & Harridge-March, 2010).
Conclusion of Coca-Cola Soft drink Company
Summing up all the discussion from above, it is concluded
that marketing functioning is an extremely important part of the organization
if they wanted to make a profit it the future. In this report, there is a brief
discussion about different marketing functions. In this report, there is an explanation
about the key roles of the marketing and also how these roles interrelate with
other parts of Coca-Cola. Coca-Cola has to work on this function for its Coca-Cola
growth for the future. In this Coca-Cola, there are several roles that are
responsible for the growth of Coca-Cola. There is a proper interrelationship
between several marketing functions and organizational functions. The research
will help the organization to get important and valuable information about the different
factors that are playing an important role in the profit of Coca-Cola. It has
been concluded that the marketing functions are totally interrelated with the
several other functions of the organization. For instance, Hr of the Coca-Cola is directly related to the
functions of the marketing because if the HR department will not hire the capable
staff for the functioning of the marketeering, than it becomes impossible to
market any products in good way as well as run any marketing functions in
effective manners. For the training and development of the staff of the
marketing, HR is responsible as well. If the financial departments will discuss
in this manner than all of the functions of the organization is depends upon
the finances' direct and indirect ways. If the finance department pays good
amounts on its promotional strategies, then the company can grow in good
way.
References of Coca-Cola Soft drink Company
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