Term Paper on "Coca-Cola's Mission and Vision Statements"

Term Paper 4 pages (1023 words) Sources: 1+

[EXCERPT] . . . .

Coca-Cola's mission and vision statements have a high degree of congruency with its strategy. By outlining in simple terms what the company does and how it does it, these statements provide a clear explanation of the core business, and provide the company's employees with guideposts for action.

Coca-Cola operates with a matrix structure. The organization has strong geographic divisions, but within each division the company also has product units. The five main geographic units at the heart of the company's organizational structure are Eurasia & Africa, Europe, Latin America, North America and Pacific. The company's beverage units are focused on still or sparkling, but will vary from region to region and country to country. This paper will outline some of the aspects of the company that help to support the strategy, including the control systems, the culture and the statements of mission and vision. All of these play an important role in supporting the company's strategic objectives.

Main Body

The basis of the company's strategic control systems is the Coca-Cola Operating Requirements (KORE), which replaced the previous system in early 2010 (Coca-Cola Annual Review 2010). The KORE system is designed to allow the company to "address the changing business landscape while supporting our company's strategic growth plans by creating an integrated quality management program." With this program, all of the company's operations worldwide are held to consistent standards for product quality. The company also "constantly reassesses the relevance of our requirements and guidelines not only in manufacturing but throughout the entire supply chain." Further enhanc
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ing the strategic control systems is a concept known as "Coca-Cola Systemwide Performance." Under this, the company's representatives meet with "several of our largest bottling partners…to discuss…a core set of performance indicators for the Coca-Cola system" (Ibid). These core indicators, along with the new KORE system, form the basis of strategic control within the company today.

The company also has a strong set of cultural values that help ensure consistency around the world. These are based around the concept of the 2020 Vision, that serves as the framework for setting objectives relating to sustainability and market success. The company tries to foster an environment where employees take ownership of their work and situations that they face, so that customer service is maximized. In addition, the culture preaches urgency, proactivity and efficiency (Ibid). The culture is guided by the mission statement(s), which are "to refresh the world," "to inspire moments of optimism and happiness" and "to create value and make a difference." There are several elements to the vision statement, covering people, the portfolio, partners, the planet, profit and productivity.

The key human resources concerns are to identify top talent and retain it. The company believes that its people are a key asset, along with the brands. As such, Coca-Cola strives to be a destination employer where employees can exercise creativity, exploration and professional growth. The culture is oriented towards a diverse and collaborative environment, something that Coca-Cola believes will help add value to its business (Coca-Cola, 2012).

The mission, vision and culture all appear to be strongly… READ MORE

Quoted Instructions for "Coca-Cola's Mission and Vision Statements" Assignment:

Background

This final case involves an analysis of strategy implementation at The Coca-Cola Company. You will use the resources you identified in the SLP to gather information about the company and relate that information to your work in the previous four cases.

The Case in this course is an ongoing case, which means that we have been taking an intensive look at one company over the course of 5 modules. This term, we conducted a strategic analysis of The Coca-Cola Company. In order to be best prepared and perform well on the cases, it is highly recommended that you complete the background readings and the SLP before writing the case.

Required Reading

Please refer to the required and optional readings on Strategic Controls, the theme for this module.

Assignment

In Module 5, we will conclude the case study process by researching The Coca-Cola Company*****'s strategic controls and their fit with the company*****'s chosen strategy.

Keys to the Assignment

Step One. Review your Case papers from Modules 1-4 so that you are familiar with the mission, vision, SWOT, strategy, and strategic choices you have identified over the course of the class.

Step Two. Research the structure, systems, people, and culture at The Coca-Cola Company. Use the responses you provided in the SLP as a guideline. You will not be able to get answers to every single question, but you will need to answer at least one or two for each component.

Step Three. Describe the Coca-Cola Company*****'s organizational design, key strategic control systems, primary human resources concerns, and cultural factors, and the effect that these have had on the implementation of The Coca-Cola Company*****'s strategy.

Step Four. In a 4-5 page paper, critically evaluate the fit ***** or the lack of fit ***** between the company*****'s mission, strategy, and organizational components critical to implementation. Do these components complement the strategy? Why or why not?

Step Five: Consider the Case as a formal business report that you are developing for the Board of Directors and CEO as The Coca-Cola Company*****'s consultant. This is a professional document. Follow the format below:

Executive summary: a synopsis of the main points, conclusions and recommendations made in the longer report. If you have never written an executive summary before, or would like a refresher, check this website: http://www.highendfinance.com/CommercialLoans/Docs/07-4%20ES%20Guidelines.doc

Introduction: State the main purpose of the paper (thesis statement), what you hope to accomplish, and how you will go about doing it.

Main Body: The *****"meat*****" of the paper. Emphasize analysis, not just description. Delineate separate topics or sections with headings.

Conclusion: Summarize your paper in the light of your thesis statement.

Assignment Expectations

Your paper will be evaluated on the following seven (7) points:

Precision - Does the paper address the question(s) or task(s)?

Breadth - Is the full breadth of the subject, i.e., all the keys to the assignment, addressed?

Depth - Does the paper address all elements of the topic in sufficient depth? Does it include and apply the background readings and other background resources? Are they included as references?

Critical thinking - Are the concepts of the module applied accurately, logically, and relevantly?

Organization - Is the paper organized in a coherent and systematic manner? Are headings included in all papers greater than 2 pages?

Clarity - Is the writing clear and the concepts articulated properly? Are paraphrasing and synthesis of concepts the primary means of response to the questions, or are thoughts conveyed through excessive use of quotations?

Referencing (citations and references) - Does the paper use citations and quotation marks where appropriate? Are all references listed in the bibliography used and referred to via citation?

How to Reference "Coca-Cola's Mission and Vision Statements" Term Paper in a Bibliography

Coca-Cola's Mission and Vision Statements.” A1-TermPaper.com, 2012, https://www.a1-termpaper.com/topics/essay/coca-cola-mission-vision-statements/88781. Accessed 5 Oct 2024.

Coca-Cola's Mission and Vision Statements (2012). Retrieved from https://www.a1-termpaper.com/topics/essay/coca-cola-mission-vision-statements/88781
A1-TermPaper.com. (2012). Coca-Cola's Mission and Vision Statements. [online] Available at: https://www.a1-termpaper.com/topics/essay/coca-cola-mission-vision-statements/88781 [Accessed 5 Oct, 2024].
”Coca-Cola's Mission and Vision Statements” 2012. A1-TermPaper.com. https://www.a1-termpaper.com/topics/essay/coca-cola-mission-vision-statements/88781.
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[1] ”Coca-Cola's Mission and Vision Statements”, A1-TermPaper.com, 2012. [Online]. Available: https://www.a1-termpaper.com/topics/essay/coca-cola-mission-vision-statements/88781. [Accessed: 5-Oct-2024].
1. Coca-Cola's Mission and Vision Statements [Internet]. A1-TermPaper.com. 2012 [cited 5 October 2024]. Available from: https://www.a1-termpaper.com/topics/essay/coca-cola-mission-vision-statements/88781
1. Coca-Cola's Mission and Vision Statements. A1-TermPaper.com. https://www.a1-termpaper.com/topics/essay/coca-cola-mission-vision-statements/88781. Published 2012. Accessed October 5, 2024.

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